Rubrik, Inc.

RBRK Technology Software Infrastructure

Rubrik, Inc.’s revenue for fiscal 2026 (year ended January 2026) was $1.3 billion, up 48.5% from fiscal 2025.

Revenue
+37.9%
EPS
+38.8%
Free cash flow
+14.1%
Total debt
+0.39%

Quarter to July 2026, against a year earlier

116.40 1.73 +1.51%
Market cap
$23.8B
P/E
0.0×
Fwd P/E
−97.6×
Dividend yield
—
F-score
5/9
Altman Z
0.85
Beneish M
−3.20
Dividend safety
n/a

Rubrik, Inc. (RBRK) Earnings & Analysis

Updated · Covers results through Q2 FY2027 · How this is made

Latest quarter

Rubrik reported Q2 FY2027 revenue of $427.3 million, up 37.9% from $309.9 million a year earlier and above the consensus of $396.4 million. The company’s diluted loss per share narrowed to −$0.30 from −$0.49.

In its filing, Rubrik attributed subscription revenue growth to higher subscription annual recurring revenue and more upfront revenue from term-based licenses for its RSC-Private suite. The company said subscription annual recurring revenue rose to $1.66 billion as of July 31, 2026, from $1.25 billion a year earlier. It also attributed growth in other revenue primarily to higher hardware sales in international regions, including APAC.

Rubrik reported gross margin of 78.4%, compared with 79.5% a year earlier. The filing said subscription gross margin increased as revenue expanded faster than associated costs, while other gross margin declined because hardware costs rose. Operating margin improved to −16.8% from −30.5%, and free cash flow increased to $65.7 million from $57.5 million.

Q2 FY2027 Q2 FY2026 Change
Revenue $427.3 million $309.9 million 37.9%
Diluted EPS −$0.30 −$0.49 —
Gross margin 78.4% 79.5% −1.1 percentage points
Operating margin −16.8% −30.5% 13.7 percentage points
Free cash flow $65.7 million $57.5 million 14.1%
Against the consensus Reported Consensus Result
Revenue $427.3 million $396.4 million Beat by 7.78%

Adjusted EPS is the figure the consensus estimates, not the GAAP EPS above.

What management said on the call

Rubrik’s latest earnings call was unavailable for review, so its call commentary and analysts’ questions cannot be reported.

Guidance

Rubrik’s current outlook covers revenue and non-GAAP net income per share for Q3 FY2027. For FY2027, its outlook covers revenue, free cash flow and non-GAAP net income per share.

Metric For Guide Previous guide Change
Free cash flow FY2027 $323.0 million–$333.0 million — New
EPS, non-GAAP FY2027 $0.47–$0.53 — New
Revenue FY2027 $1.7 billion–$1.7 billion — New
EPS, non-GAAP Q3 FY2027 $0.07–$0.09 — New
Revenue Q3 FY2027 $429.0 million–$431.0 million — New