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Rapid7 (RPD) Reports Q1 Earnings: What Key Metrics Have to Say
RPDRapid7(RPD) ZACKS·2025-05-12 23:01

Core Insights - Rapid7 reported revenue of 210.25millionforthequarterendedMarch2025,reflectinga2.5210.25 million for the quarter ended March 2025, reflecting a 2.5% increase year-over-year and a surprise of +1.14% over the Zacks Consensus Estimate of 207.89 million [1] - The company's EPS was 0.49,downfrom0.49, down from 0.55 in the same quarter last year, but exceeded the consensus estimate of 0.35by+40.000.35 by +40.00% [1] Financial Performance Metrics - Annualized recurring revenue (ARR) was reported at 837.22 million, slightly below the average estimate of 840.83million[4]Thenumberofcustomersreached11,685,surpassingtheaverageestimateof11,631[4]ARRpercustomerwas840.83 million [4] - The number of customers reached 11,685, surpassing the average estimate of 11,631 [4] - ARR per customer was 71,600, which is lower than the average estimate of 72,342.91[4]Revenuefromprofessionalserviceswas72,342.91 [4] - Revenue from professional services was 6.32 million, below the average estimate of 6.80million,representingayearoveryeardeclineof22.86.80 million, representing a year-over-year decline of -22.8% [4] - Product revenue was 203.94 million, exceeding the average estimate of 202.25million,withayearoveryearincreaseof+3.6202.25 million, with a year-over-year increase of +3.6% [4] - Non-GAAP gross profit from professional services was 1.74 million, above the average estimate of 1.55million[4]NonGAAPgrossprofitfromproductswas1.55 million [4] - Non-GAAP gross profit from products was 155.72 million, compared to the average estimate of $152.07 million [4] Stock Performance - Rapid7 shares have returned +6.7% over the past month, outperforming the Zacks S&P 500 composite's +3.8% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]