Rubrik, Inc. Class A ( (RBRK) ) has released its Q2 earnings. Here is a breakdown of the information Rubrik, Inc. Class A presented to its investors.
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Rubrik, Inc., a company specializing in security and AI solutions, operates in the data protection and cyber resilience sector, offering innovative products like the Rubrik Security Cloud platform and Predibase for GenAI deployment.
In its latest earnings report, Rubrik announced impressive financial results for the second quarter of fiscal year 2026, with revenue and subscription annual recurring revenue (ARR) exceeding expectations. The company also highlighted strategic moves, including the acquisition of Predibase, to enhance its AI capabilities.
Key financial metrics revealed a 36% year-over-year growth in subscription ARR, reaching $1.25 billion, and a 51% increase in total revenue to $309.9 million. The company achieved a gross margin of 79.5% and improved its net loss per share to $(0.49) from $(0.98) in the previous year. Rubrik also reported a significant increase in free cash flow, amounting to $57.5 million.
Strategically, Rubrik expanded its customer base, with 2,505 customers contributing $100,000 or more in subscription ARR, a 27% increase from the previous year. The acquisition of Predibase is expected to accelerate AI adoption and enhance data protection offerings. Additionally, the company launched new features such as Agent Rewind and expanded cloud data protection capabilities.
Looking ahead, Rubrik is optimistic about its growth trajectory, raising its outlook for fiscal year 2026. The company aims to continue its focus on profitable growth and innovation in data security and AI, positioning itself as a leader in the industry.