📈 Price History

Ratio Health

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📊 Peer Medians

About

Rubrik, Inc. provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, SaaS data protection solutions, and identity provider services protection; data threat analytics; data security posture; identity recovery and resilience services; and cyber recovery solutions. It also provides RUBY, an AI agent for cyber resilience designed to scale data security operations through automation; SENTRYAI, a proprietary AI deep learning-based platform for system health monitoring; and RUBRIK UNIVERSITY, which includes instructor-led training with hands-on labs, on-demand e-learning courses, and certification exams, as well as offers cloud services. It serves financial, retail, trade, transportation, energy, industrial, healthcare and life science, education, technology, media, communications, services, and public sectors. Rubrik, Inc. has strategic collaboration with MEDITECH to offer native cyber resilience to MEDITECH self-hosted cloud and on-premises solutions. Rubrik, Inc. was formerly known as Scaledata, Inc. and changed its name to Rubrik, Inc. in October 2014. The company was incorporated in 2013 and is based in Palo Alto, California.

Key Ratios Snapshot

📈 Growth Pattern

⚡ Latest Quarter —

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📊 Quick Scorecard

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⭐ Superinvestors Holding RBRK

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Manager	Shares	Value	% of Fund	Period
Cathie Wood ARK Investment Management	395.0K	$19.3M	0.15%	Mar 2026
Jim Simons Renaissance Technologies LLC	377.5K	$18.5M	0.03%	Mar 2026
Steve Cohen Point72 Asset Management	20.7K	$1.0M	0.00%	Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔍 Concall Decoded

🎙 Management Tone Tracker Confident Specific → Stable 4 quarters analysed

Q2 2026

Confident Specific

Management repeatedly used strong positive language (e.g., 'pleased', 'rare combination', 'exceeded all guided metrics'), highlighted specific numbers (subscription ARR $1.25B, 36% growth, 55% sub revenue growth, 120% NRR, 1800 bps margin improvement, $57M FCF), and explicitly raised full-year outlook. No hedging or defensiveness.

Q3 2026

Confident Specific

Management repeatedly uses definitive language: 'our third quarter results were exceptional', 'this quarter has been our best ever', 'we once again exceeded all guided metrics'. They provide specific figures like '$1.35 billion subscription ARR, growing 34%', 'record $94 million net new subscription ARR', 'record $77 million free cash flow'. The tone is assertive and data-rich, focusing on beat-and-raise execution.

Q4 2026

Confident Specific

Management used language like 'spectacular Q4', 'significantly exceeded our expectations', 'record net new subscription ARR growth of $115M', 'tremendous free cash flow', and 'win rates crossed 90%' to convey strong conviction and specific outperformance.

Q1 2027 latest

Confident Specific

The CEO opened by stating 'we are off to a strong start' and 'exceeded all guided metrics,' providing specific numbers like $1.57B subscription ARR and 32% growth. The CFO also emphasized 'exceeding all of our guided metrics' and 'strong start to fiscal 2027.'

Guidance Reliability Pending · <3Q data

Investor Lens

The investment thesis is stronger after this call. Rubrik delivered a record Q1 with ARR above guided range, raised full-year guidance, and highlighted accelerating demand from AI-driven threats (Mythos) and agentic business processes. The identity business reached $50M+ ARR in just four quarters, and Agent Cloud is gaining early traction. Key risks to watch next quarter: whether the hardware cost concerns resurface in customer budgets, and whether Agent Cloud can scale meaningfully beyond initial POCs. The raised guidance and strong NRR (~120%) suggest durable growth, but the hardware deflection may need more concrete proof over time.

AI-generated concall tone analysis · Updated 2026-06-08 · Not investment advice

🎙 Management Tone Confident Specific → Stable 4 quarters Full tone analysis in Intelligence →

📊 MIXED Rubrik Q1 FY2027: Record sub ARR $1.57B, up 32% YoY, raises guidance.

Revenue & Profitability

Q1 FY2027 total revenue was $387 million (up 39% YoY), subscription revenue $374 million (up 41%), and free cash flow was $74 million (up from $33 million a year ago). Subscription ARR contribution margin improved to 13.2% (TTM) from 8% a year ago. The company guided full-year FY2027 subscription ARR of $1,854–$1,862 million (approx 27% growth), total revenue of $1,638–$1,648 million, and free cash flow of $293–$303 million.

Outlook

Management sees strong demand for cyber resilience driven by the rise of AI-powered attacks (e.g., Mythos) and agentic AI. CEO Bipul Sinha noted that after Mythos, detection is nearly impossible, making resilience the fundamental cybersecurity requirement. The company raised its full-year guidance due to robust market demand, increased customer conversations, and confidence in its execution.

Growth Drivers

Key growth levers include the Identity Resilience product, which grew 38% sequentially to over $50 million in subscription ARR, and Rubrik Agent Cloud, which is already converting early POCs to production deployments. Expansion also occurs through data growth, securing more applications/identities, and adding new products. The company benefits from a strong subscription net retention rate of approximately 120%.

Balance Sheet & CapEx

Not discussed in this earnings call.

Margins

Non-GAAP gross margin was 82.9% in Q1 FY2027, up from 80.5% a year ago, benefiting from revenue outperformance, lower cloud hosting costs, and improved customer support productivity. Subscription ARR contribution margin reached 13.2% (TTM), improving over 500 basis points year-over-year. For FY2027, the company expects non-GAAP subscription ARR contribution margins of approximately 14%.

Key Risks

The only risk discussed was the potential impact of rising hardware costs on customer buying behavior, which management explicitly stated is immaterial to Rubrik as a software company with a small on-premises portion. No other risks were flagged in the call.

Generated by AI · Q1 2027 results · Not investment advice

✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter

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📞 Earnings Call Transcripts (5)

Q1 2027 Q1 2027 2026-06-04

Record Q1 results with 32% subscription ARR growth and 41% subscription revenue growth, driven by strong demand for cyber resilience and AI security solutions. Raised full-year outlook, with continued investment in R&D and go-to-market for Identity Resilience and Rubrik Agent Cloud.

Q4 2026 Q4 2026 2026-03-12

Delivered record Q4 and FY26 results with 34% ARR growth, 50% subscription revenue growth, and strong free cash flow. Identity and AI offerings accelerated, with high win rates and robust FY27 guidance for continued growth and margin expansion.

Q3 2026 Q3 2026 2025-12-04

Record Q3 results with 34% subscription ARR growth, 52% subscription revenue growth, and strong free cash flow. Raised full-year outlook, driven by momentum in data protection, identity, and AI operations, with robust customer expansion and high retention rates.

Q2 2026 Q2 2026 2025-09-09

Q2 FY26 results exceeded guidance with 36% ARR growth, 55% subscription revenue growth, and a 19% free cash flow margin. Raised full-year outlook, driven by strong cloud adoption, strategic wins, and expansion into AI and identity security.

Q1 2026 Q1 2026 2025-06-05

Q1 FY26 saw strong growth with subscription ARR up 38% and revenue up 49% year-over-year. Profitability improved, free cash flow turned positive, and guidance for FY26 was raised. Identity and cloud security innovations, along with major customer wins, are driving momentum.

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