Core Insights - Rapid7, Inc. announced the granting of inducement awards to employees and contractors of Kenzo Security, Inc. as part of its acquisition of Kenzo on March 26, 2026 [1] Group 1: Inducement Awards - Rapid7 granted a total of 467,945 restricted stock units (RSUs) to Kenzo employees and contractors [2] - Founders of Kenzo, Harish Singh and Partha Naidu, received an additional inducement award of 525,769 performance-based restricted stock units (PSUs) [2] Group 2: Vesting and Performance Conditions - The RSUs will vest in three equal parts over three years, contingent on continued employment [3] - PSUs will be earned over two annual performance periods starting January 1, 2027, based on Rapid7's achievement of specific revenue goals [3] Group 3: Approval and Compliance - The RSUs and PSUs were granted under Rapid7's 2015 Equity Incentive Plan and were approved by the Compensation Committee in accordance with Nasdaq regulations [4]

Core Insights - Rapid7 has announced updates to its PACT Partner Program for 2026, aimed at enhancing alignment with partners and accelerating scalable growth through the channel [1][2][4] Group 1: Program Updates - The 2026 PACT updates introduce new partner tier differentiation, including a Platinum Partner Tier for strategic partners demonstrating outstanding performance and customer impact [7] - Simplified deal motions have been established, focusing on two primary deal types: Deal Registration for partner-sourced opportunities and Co-Sell for Rapid7-sourced opportunities, which reduces ambiguity and simplifies execution [7] - Improved program economics provide more competitive terms for partner-sourced deals, supported by faster quoting and product category alignment, leading to greater predictability and stronger margins [7] Group 2: Partner Ecosystem - The updates reinforce Rapid7's commitment to building a highly aligned partner ecosystem, emphasizing shared engagement models, clear attribution, and predictable economics [2][4] - Partners are seen as central to Rapid7's go-to-market strategy, with a focus on building tight alignment across engagement models and execution to foster mutual growth [3][4] - The Tech Champion Program has been introduced to provide structured enablement for partner sales engineers, enhancing collaboration in complex Managed Detection and Response (MDR) and exposure management opportunities [7]

Core Insights - Rapid7, Inc. announced the winners of its 2026 Partner of the Year Awards, recognizing partners for excellence in enhancing customer security programs and building cyber resilience [1][2] Partner Recognition - A total of 28 partners were recognized across 12 categories in four major geographic regions [2] - The awards highlight the shift from reactive to proactive security approaches facilitated by partners [2] Regional Winners North America - CDW was named North American Partner of the Year, reflecting a commitment to impactful security outcomes [4] - Other notable winners include ThunderCat Technology (Best Customer Retention Partner), SHI (Cloud Security Partner and Exposure Management Partner), GuidePoint Security (Detection & Response Partner), Carahsoft (Distributor of the Year), Novawatch (MSSP Partner), Softchoice (Emerging Partner), and CDW•G (Public Sector Partner) [7] Latin America - Netconn received the Latin America Partner of the Year award, emphasizing the importance of the Rapid7 platform in enhancing customer maturity and strategic decision-making [4] EMEA - Saepio was recognized as EMEA Partner of the Year, highlighting a long-standing partnership with Rapid7 that has delivered critical security outcomes [5] APJ - Orro was named APJ Partner of the Year, focusing on the joint efforts in Continuous Threat Exposure Management to help customers operationalize security measures [6] Company Overview - Rapid7 is a leader in AI-powered managed cybersecurity operations, serving over 11,500 customers globally [8] - The Rapid7 Command Platform integrates security data with AI and threat intelligence to enhance cyber resilience [8]

Core Insights - Rapid7, Inc. reported strong financial performance for Q4 and full year 2025, exceeding guidance in annual recurring revenue (ARR), revenue, and profitability metrics [2][5][6] - The company emphasizes its innovative approach to AI-powered cybersecurity operations, which is gaining traction in the market [2] Financial Highlights Fourth Quarter 2025 - Total revenue reached $217 million, a 1% increase year-over-year, with product revenue at $209 million, also up 1% [6] - GAAP operating income was $2.3 million, while non-GAAP operating income stood at $30.1 million [6] - GAAP net income was $3.1 million, or $0.05 per diluted share, with non-GAAP net income at $32.1 million, or $0.44 per diluted share [6] - Free cash flow for the quarter was $32.3 million, with net cash provided by operating activities at $37.6 million [6] Full Year Fiscal 2025 - Full-year revenue totaled $860 million, a 2% increase year-over-year, with product revenue at $831 million, up 3% [5][6] - GAAP operating income for the year was $11.6 million, while non-GAAP operating income was $135.7 million [6] - GAAP net income for the year was $23.4 million, or $0.36 per diluted share, with non-GAAP net income at $151.8 million, or $2.08 per diluted share [6] - Free cash flow for the year was $130.1 million, with net cash provided by operating activities at $153.8 million [6] Customer Metrics - Rapid7 has over 11,500 total customers, with an average ARR per customer of approximately $72,000 [6] - The company launched Managed Detection and Response (MDR) for Microsoft, enhancing its offerings within Microsoft's security ecosystem [6] Recent Business Developments - Strategic partnerships were formed with ARMO for cloud security capabilities and with HITRUST to automate cybersecurity assurance [6] - The company was recognized as a 2026 Best Place to Work by Built In, highlighting its presence in key cities [6] - Rapid7 achieved its 300th cybersecurity patent, focusing on advanced AI and machine learning technologies [6] Guidance for 2026 - For Q1 2026, Rapid7 anticipates ARR of approximately $830 million, with revenue guidance between $207 million and $209 million [8] - Full-year 2026 revenue is expected to be between $835 million and $843 million, with non-GAAP income from operations projected between $108 million and $116 million [8]