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RPD

Rapid7, Inc.

RPD

Rapid7, Inc. • NASDAQ
$15.68 ▲ 1.10% (+0.17)
Market Cap $1.01 B
52w High $44.47
52w Low $13.21
Dividend Yield 0%
P/E 44.8
Volume 564.34K
Outstanding Shares 64.12M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $217.96M ▲ $145M ▼ $9.809M ▲ 4.5% ▲ $0.151 ▲ $23.097M ▼
Q2-2025 $214.193M ▲ $147.64M ▼ $8.338M ▲ 3.893% ▲ $0.13 ▲ $24.355M ▲
Q1-2025 $210.253M ▼ $150.874M ▲ $2.105M ▲ 1.001% ▲ $0.03 $19.124M ▲
Q4-2024 $216.261M ▲ $146.368M ▲ $-1.481M ▼ -0.685% ▼ $0.03 ▼ $16.252M ▼
Q3-2024 $214.654M $137.676M $16.554M 7.712% $0.26 $33.581M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $407.128M ▼ $1.666B ▲ $1.539B ▼ $127.216M ▲
Q2-2025 $511.737M ▲ $1.649B ▲ $1.558B ▼ $90.447M ▲
Q1-2025 $493.473M ▼ $1.645B ▼ $1.592B ▼ $52.722M ▲
Q4-2024 $521.711M ▲ $1.652B ▲ $1.634B ▲ $17.711M ▲
Q3-2024 $443.693M $1.575B $1.581B $-6.304M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $9.809M ▲ $38.548M ▼ $-171.652M ▼ $1.965M ▲ $-130.714M ▼ $34.411M ▼
Q2-2025 $8.338M ▲ $47.542M ▲ $-41.317M ▲ $-47.122M ▼ $-37.384M ▲ $42.28M ▲
Q1-2025 $2.105M ▲ $29.757M ▼ $-79.213M ▼ $4.732M ▲ $-50.624M ▼ $28.396M ▼
Q4-2024 $-1.481M ▼ $63.773M ▲ $52.966M ▲ $-1.217M ▼ $119.515M ▲ $62.59M ▲
Q3-2024 $16.554M $43.969M $-64.693M $3.438M $-14.404M $42.627M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Product
Product
 $410.00M ▲$200.00M ▼$210.00M ▲$210.00M ▲
Service
Service
 $20.00M ▲$10.00M ▼$10.00M ▲$10.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Rapid7’s revenue has grown steadily over the past several years, and the company has now crossed the line from recurring losses into modest profitability. Gross profit has expanded in step with sales, suggesting the core business has healthy economics. Operating results have improved from meaningful losses to a small operating profit and positive EBITDA, showing that earlier heavy spending on growth and product build‑out is starting to pay off. Net income has swung from sizable losses to a slight profit most recently, which is encouraging but still early in terms of proving durable, consistent earnings power.

Balance Sheet

Balance Sheet The balance sheet shows a business that has scaled up its asset base and cash position, but it also carries a sizable amount of debt relative to its equity. Equity has only recently turned slightly positive after several years in negative territory, which points to a thin capital cushion. Debt levels have been largely stable in recent years but remain high compared with the size of the company, so leverage is something to watch. On the positive side, the growing asset base and improved profitability suggest the company is gradually strengthening its financial footing, though it does not yet have a particularly conservative balance sheet.

Cash Flow

Cash Flow Cash generation has improved meaningfully. Operating cash flow has been positive for several years and has trended upward, indicating that the underlying business model converts a growing share of revenue into cash. Free cash flow has shifted from slightly negative to consistently positive, helped by relatively light capital spending needs. This profile—rising, positive free cash flow with modest investment requirements—is a financial strength, though the company still needs to show it can maintain this through different market conditions while also managing its debt load.

Competitive Edge

Competitive Edge Rapid7 operates in a crowded, high‑stakes cybersecurity market, competing with some very large, well‑funded rivals. Its main edge lies in its integrated Insight Platform, which combines exposure management, threat detection, and response into a single ecosystem. This can create switching costs for customers who embed the platform deeply into their operations. The company also benefits from long‑standing credibility in security research and a strong position in vulnerability management, which it leverages to cross‑sell managed security services. However, the firm is smaller than many of its key competitors, which can limit pricing power and brand reach, so continued execution on platform integration and services quality is critical to sustaining its position.

Innovation and R&D

Innovation and R&D Rapid7 is leaning heavily into innovation, especially around artificial intelligence and automation. Its AI‑driven Command Platform, intelligence hub, and agent‑style AI workflows are designed to make security teams faster and more effective, not just better informed. The company is also innovating around emerging risks such as generative‑AI threats and multi‑cloud data exposure, and it continues to draw on its security research arm to feed real‑time threat intelligence into its products. A growing focus on managed detection and response—augmented by AI and human analysts—shows a shift from just selling tools to delivering outcomes. Future progress will depend on how well Rapid7 can keep expanding these capabilities, particularly in cloud security and enterprise‑grade managed services, while integrating them smoothly into a single, easy‑to‑use platform.

Summary

Overall, Rapid7 looks like a cybersecurity company that has moved from a growth‑at‑all‑costs phase toward a more balanced model with improving profitability and cash generation. Revenue and margins have strengthened, losses have turned into a small profit, and free cash flow is now firmly positive, though the capital structure still leans on a meaningful amount of debt and only a thin layer of equity. Competitively, Rapid7’s integrated platform, strong research roots, and shift toward managed services give it a credible niche in a very competitive field dominated by larger players. Its heavy emphasis on AI‑driven security, cloud protection, and managed detection and response is a key strategic bet. The main things to monitor going forward are the durability of its new profitability, its ability to manage leverage, and its success in scaling its platform and services against larger rivals while continuing to innovate quickly.

NEWS

November 12, 2025 · 11:00 AM UTC

Rapid7 Recognized as a Leader in the 2025 Gartner® Magic Quadrant™ for Exposure Assessment Platforms

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November 4, 2025 · 4:01 PM UTC

Rapid7 Announces Third Quarter 2025 Financial Results

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November 3, 2025 · 4:01 PM UTC

Rapid7 Expands Partnership with Microsoft to Advance Modern Detection and Response

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October 29, 2025 · 9:00 AM UTC

Rapid7 Accelerates Exposure Remediation with AI-Generated Risk Insights and Enhanced Vulnerability Intelligence

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October 15, 2025 · 12:30 PM UTC

Rapid7 Celebrates 7th Year of Recognition in Gartner® Magic Quadrant™ for Security Information and Event Management (SIEM)

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