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RBRK

Rubrik, Inc.

RBRK

Rubrik, Inc. • NYSE
$69.32 ▲ 1.69% (+1.15)
Market Cap $13.69 B
52w High $103.00
52w Low $47.35
Dividend Yield 0%
P/E -64.19
Volume 791.25K
Outstanding Shares 197.46M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2026 $309.86M ▲ $340.764M ▲ $-95.929M ▲ -30.959% ▲ $-0.49 ▲ $-94.463M ▼
Q1-2026 $278.481M ▲ $311.089M ▼ $-102.104M ▲ -36.665% ▲ $-0.53 ▲ $-82.942M ▲
Q4-2025 $258.1M ▲ $315.76M ▲ $-114.889M ▲ -44.513% ▲ $-0.611 ▲ $-96.238M ▲
Q3-2025 $236.178M ▲ $304.819M ▼ $-130.91M ▲ -55.429% ▲ $-0.713 ▲ $-111.252M ▲
Q2-2025 $204.951M $318.076M $-176.93M -86.328% $-0.984 $-155.565M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2026 $1.523B ▲ $2.389B ▲ $2.953B ▲ $-564.344M ▼
Q1-2026 $762.057M ▲ $1.475B ▲ $2.031B ▲ $-556.53M ▼
Q4-2025 $705.144M ▲ $1.423B ▲ $1.977B ▲ $-553.734M ▼
Q3-2025 $631.977M ▲ $1.269B ▲ $1.79B ▲ $-521.087M ▼
Q2-2025 $601.341M $1.218B $1.717B $-499.294M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2026 $-95.929M ▲ $64.724M ▲ $-735.877M ▼ $711.757M ▲ $38.797M ▼ $61.226M ▲
Q1-2026 $-102.104M ▲ $39.655M ▼ $34.165M ▲ $15.341M ▲ $97.912M ▲ $36.805M ▼
Q4-2025 $-114.889M ▲ $83.597M ▲ $4.158M ▲ $1.923M ▼ $82.506M ▲ $78.008M ▲
Q3-2025 $-130.91M ▲ $23.095M ▲ $-72.139M ▲ $11.726M ▼ $-36.817M ▲ $15.568M ▲
Q2-2025 $-176.93M $-27.083M $-356.198M $22.192M $-360.203M $-32.012M

Revenue by Products

Product Q3-2025Q4-2025Q1-2026Q2-2026
Maintenance
Maintenance
 $0 ▲$0 ▲$0 ▲$0 ▲
Product and Service Other
Product and Service Other
 $10.00M ▲$10.00M ▲$10.00M ▲$10.00M ▲
Subscription and Circulation
Subscription and Circulation
 $220.00M ▲$240.00M ▲$270.00M ▲$300.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Rubrik shows a classic high‑growth, high‑investment profile. Revenue has been rising steadily each year, and gross margins look strong for an infrastructure software business, suggesting the core product is economically attractive. However, operating costs have grown even faster than revenue, so operating and net losses remain large and actually widened in the most recent year. That points to very heavy spending on sales, marketing, and product development to capture market share, with profitability still some distance away.

Balance Sheet

Balance Sheet The balance sheet reflects a young, fast‑growing software company that has invested ahead of profits. Total assets have grown meaningfully over time, but this has been accompanied by rising debt and a swing from positive to increasingly negative shareholder equity. Negative equity is often the result of accumulated losses and preferred stock structures rather than immediate liquidity stress, but it does mean the company has a thinner financial cushion and depends on continued access to capital and improving cash generation over time.

Cash Flow

Cash Flow Cash flow is notably better than the income statement would suggest. Operating cash flow has moved from clearly negative a few years ago to roughly breakeven and recently modestly positive, and free cash flow has just crossed into slightly positive territory as well. Capital spending is relatively light, typical of a cloud‑software model, so most cash usage is driven by people and go‑to‑market investments rather than hardware or facilities. Overall, the cash profile is improving, but given ongoing accounting losses, sustained discipline will be important to avoid future funding pressure.

Competitive Edge

Competitive Edge Rubrik competes in a strategically important niche at the intersection of data protection and cybersecurity, with a clear emphasis on cyber resilience and ransomware recovery rather than generic backup. Its zero‑trust design, focus on clean, rapid recovery, and ransomware warranty all help build high switching costs and customer loyalty. Strong partnerships with major cloud providers and recognition from industry analysts add to its credibility. At the same time, it operates in a crowded and fast‑moving arena against established backup vendors and cloud‑native security offerings, so it must keep innovating and executing well to defend its position.

Innovation and R&D

Innovation and R&D The company appears heavily oriented toward innovation, particularly around AI‑driven security and hybrid‑cloud data protection. Tools like SentryAI and the Ruby assistant, the acquisition of Laminar for data security posture management, and Predibase for AI model capabilities, plus the Annapurna secure data lake, all point to a strategy of embedding intelligence and automation deeply into the platform. This creates differentiation but also implies ongoing high R&D spending, which supports the long‑term moat but weighs on near‑term profits.

Summary

Rubrik is a fast‑growing infrastructure software and data security company positioned around the theme of cyber resilience, with a strong technology story and growing market relevance as ransomware and cloud security risks rise. Financially, it combines solid revenue growth and healthy gross margins with sizable operating losses, negative equity, and a still‑emerging track record of positive cash flow. The key tensions to watch are its ability to convert innovation and brand strength into durable, efficient growth, to narrow losses without slowing momentum, and to maintain balance‑sheet flexibility in a competitive, rapidly evolving security landscape.

NEWS

November 28, 2025 · 9:00 AM UTC

Rubrik and Ludacris Team Up with Thinkmojo in Hilarious New Ad, “Rewind It Back”

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November 18, 2025 · 3:00 PM UTC

Rubrik Introduces Intelligent Business Recovery for Microsoft 365 and DevOps Protection for Microsoft Environments

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November 13, 2025 · 9:00 AM UTC

New Rubrik Research Finds Identity Resilience is Imperative as AI Wave Floods the Workplace with AI Agents

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November 10, 2025 · 9:00 AM UTC

Rubrik Signs Strategic Collaboration Agreement with AWS to Deliver Cyber Resilience

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November 10, 2025 · 8:00 AM UTC

Rubrik to Report Third Quarter Fiscal 2026 Financial Results on December 4, 2025

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