Rubrik, Inc. Announces $1 Billion Convertible Notes Offering

An announcement from Rubrik, Inc. Class A ( (RBRK) ) is now available.

On June 10, 2025, Rubrik, Inc. announced its intention to offer $1.0 billion in Convertible Senior Notes due 2030, with the possibility of an additional $150 million, in a private placement to institutional buyers. The proceeds are intended for strategic flexibility, including debt refinancing, capped call transactions to offset share dilution, and general corporate purposes such as acquisitions or strategic investments.

The most recent analyst rating on (RBRK) stock is a Buy with a $50.00 price target. To see the full list of analyst forecasts on Rubrik, Inc. Class A stock, see the RBRK Stock Forecast page.

Spark’s Take on RBRK Stock

According to Spark, TipRanks’ AI Analyst, RBRK is a Neutral.

Rubrik, Inc. demonstrates strong revenue growth and positive technical indicators. However, financial instability and valuation challenges, combined with the lack of profitability, weigh down its overall score. The earnings call provided a positive outlook but is not factored into the score due to weight redistribution.

To see Spark’s full report on RBRK stock, click here.

More about Rubrik, Inc. Class A

Average Trading Volume: 3,082,154

Technical Sentiment Signal: Strong Buy

Current Market Cap: $17.2B

See more insights into RBRK stock on TipRanks’ Stock Analysis page.