Rubrik, Inc. Class A (RBRK)
NYSE:RBRK
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Earnings Data
Report Date
Sep 15, 2026After Close (Confirmed)
Period Ending
2027 (Q2)Consensus EPS Forecast
0.04Last Year’s EPS
-0.03Same Quarter Last Year
Strong Buy
Based on 26 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a strong, execution-focused quarter with multiple clear growth signals: robust ARR and subscription revenue growth, high net retention (~120%), record net new ARR, improving margins and cash generation, rapid identity ARR expansion, and early commercial traction for Agent Cloud underpinned by the Predibase acquisition and partnership access to Anthropic. The main caveats were an accounting headwind from material rights tied to the cloud transition (~$17M FY), potential external exposure to rising infrastructure costs (not felt materially this quarter), and the normal execution and timing risk associated with scaling a nascent Agent Cloud product. On balance, the positives significantly outweigh the headwinds, and management raised guidance based on momentum.Company Guidance
Record Q1 Performance and Key Metrics
Subscription ARR reached $1.57 billion, up 32% year-over-year; subscription revenue was $374 million, up 41% year-over-year; subscription net retention rate ~120%; customers with ≥$100k subscription ARR totaled 2,946, up 24% year-over-year; subscription ARR contribution margin improved by over 500 basis points year-over-year to 13.2% (LTM); free cash flow was $74 million (vs. $33 million prior-year Q1).
Strong Cloud ARR Growth and Record Net New ARR
Cloud ARR was $1.39 billion, up 43% year-over-year and representing 89% of subscription ARR; the company added $103 million in net new subscription ARR in the quarter (a Q1 record).
Revenue, Margins and Revenue Quality
Total revenue was $387 million, up 39% year-over-year; non-GAAP gross margin was 82.9% vs. 80.5% a year ago; revenue normalized for material rights grew ~43%, reflecting strong underlying ARR-driven revenue expansion.
Identity Business Momentum
Identity solutions exceeded $50 million in subscription ARR in Q1 and grew 38% sequentially quarter-over-quarter, showing rapid adoption (example win: large U.S. agricultural organization expanding into Entra ID and Okta protection after an attack).
Early Traction for Rubrik Agent Cloud and AI Capabilities
Predibase acquisition underpins Rubrik Agent Cloud and SAGE governance engine; early POCs are converting to production (notable win: U.S. financial services firm deployed Agent Cloud across AWS Bedrock and Microsoft Copilot for unified visibility, guardrails and remediation).
Large Enterprise Wins and Platform Strength
Examples of legacy replacement: a large U.K. public sector organization consolidated 400+ legacy backup policies onto Rubrik and a Global 2000 insurer displaced legacy and native cloud backup—demonstrating platform breadth across on‑prem, cloud, SaaS and identity.
Raised Guidance and Financial Outlook
Q2 revenue guidance $395–397 million (+27–28% YoY); full-year subscription ARR guidance $1.854–1.862 billion (~27% YoY); full-year revenue guidance $1.638–1.648 billion; expected full-year non‑GAAP subscription ARR contribution margin ~14%; full-year free cash flow guidance $293–303 million.
RBRK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
RBRK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jun 04, 2026 | $77.00 | $73.41 | -4.66% |
Mar 12, 2026 | $54.02 | $53.43 | -1.09% |
Dec 04, 2025 | $70.43 | $86.27 | +22.49% |
Sep 09, 2025 | $98.50 | $80.72 | -18.05% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Rubrik, Inc. Class A (RBRK) report earnings?
Rubrik, Inc. Class A (RBRK) is schdueled to report earning on Sep 15, 2026, After Close (Confirmed).
What is Rubrik, Inc. Class A (RBRK) earnings time?
Rubrik, Inc. Class A (RBRK) earnings time is at Sep 15, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What is RBRK EPS forecast?
RBRK EPS forecast for the fiscal quarter 2027 (Q2) is 0.04.