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Rubrik Narrows Quarterly Loss, Lifts Outlook But Shares Fall 4%
Financial Modeling Prep· 2025-09-10 14:18
Core Insights - Rubrik reported a narrower-than-expected second-quarter loss of $0.03 per share, significantly better than the forecasted loss of $0.34 per share [1] - Revenue for the quarter reached $309.9 million, exceeding the consensus estimate of $282 million [1] Financial Performance - The company experienced a decline in net new subscription annual recurring revenue, which was $71 million, surpassing estimates of $44 million but down from $89 million in the previous quarter, indicating potential concerns regarding customer attrition and sales momentum [2] - For fiscal 2026, Rubrik projected a smaller loss of $0.50 to $0.44 per share, compared to expectations of a $0.97 loss, and forecasted revenue between $1.23 billion and $1.24 billion, above the anticipated $1.19 billion [2]