Rubrik, Inc. Class A (RBRK) AI Stock Analysis

• Market Cap: $16.90B
• Dividend Yield: N/A
• Average Volume (3M): 4.94M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.88
• Revenue Growth: 43.89%
• EPS Growth: 49.74%
• Country: US
• Employees: 3,200
• Sector: General
• Sector Strength: N/A
• Industry: Software - Infrastructure
• EPS (TTM): -0.15
• Shares Outstanding: 123,563,324
• 10 Day Avg. Volume: 3,203,709
• 30 Day Avg. Volume: 4,937,702
• PEG Ratio: -0.57
• Price to Book (P/B): -29.98
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 167.29
• Enterprise Value/Market Cap: 0.98
• Enterprise Value/Revenue: 4.89
• Enterprise Value/Gross Profit: 22.23
• Enterprise Value/Ebitda: -4.71
• 1Y Price Target: $112.31
• Price Target Upside: 28.37% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 19

• Rating: 54 Neutral
• Price Target: $91.00 ▲(4.01%Upside)

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.

Positive Factors

Earnings and Financial Performance

RBRK posted strong beats for the first quarter across revenue, subscription ARR, non-GAAP operating margin, and non-GAAP EPS.

New Product Capabilities

The new Identity Resilience capability that is now integrated into the platform could be a real game-changer, as no other vendor offers cyber resilience and identity resilience on the same platform.

Strategic Acquisition

RBRK announced the acquisition of Predibase, a platform that enables developers to fine-tune and securely deploy and operationalize open-source AI models at scale.

Negative Factors

Reliance on Channel Partners

The reliance on a small number of channel partners decreased slightly, but still accounts for a substantial portion of revenue and accounts receivable.

Rubrik, Inc. Class A Business Overview & Revenue Model

Company Description

Rubrik, Inc. Class A (RBRK) is a leading provider in the cloud data management sector, offering a comprehensive suite of data protection and management solutions. The company delivers its services through a unified platform that simplifies backup and recovery, accelerates cloud adoption, and enables automation at scale. Rubrik's core offerings include data backup and recovery, disaster recovery, archival, and compliance solutions, catering to enterprises across various industries seeking efficient and secure data management.

How the Company Makes Money

Rubrik, Inc. generates revenue primarily through the sale of its software solutions and services, which are offered under subscription and licensing models. The company capitalizes on the growing need for efficient data management by providing cloud-based and on-premises solutions that help organizations protect and optimize their data. Key revenue streams include software subscriptions, professional services, and maintenance and support contracts. Additionally, Rubrik's strategic partnerships with major cloud service providers and technology vendors enhance its market reach and contribute to its revenue growth.

Rubrik, Inc. Class A Financial Statement Overview

Summary

Rubrik, Inc. shows strong revenue growth but faces significant challenges with profitability and financial stability. High leverage and negative equity overshadow positive cash flow trends.

Income Statement

Rubrik, Inc. has experienced significant revenue growth, with total revenue increasing from $627.9M in Jan 2024 to $977.7M in TTM (Trailing-Twelve-Months). However, profitability remains a challenge, as evidenced by negative net income and EBIT margins. The gross profit margin stands at a reasonable level, but high operating expenses lead to negative EBIT and EBITDA margins, indicating operational inefficiencies.

Balance Sheet

The balance sheet reveals a concerning negative stockholders' equity, indicating that liabilities exceed assets. The debt-to-equity ratio cannot be calculated due to negative equity, but the company carries a significant amount of debt. This high leverage poses financial risks. Moreover, the equity ratio is negative, further emphasizing financial instability.

Cash Flow

Rubrik, Inc. has shown improvement in cash flow generation, with a positive free cash flow in the TTM (Trailing-Twelve-Months) period. Operating cash flow to net income and free cash flow to net income ratios highlight that the company is generating cash despite reporting net losses. However, the cash flow position remains sensitive, given the negative net income.

Breakdown	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	886.54M	627.89M	0.00	0.00	0.00
Gross Profit	620.80M	482.93M	0.00	0.00	0.00
EBITDA	-1.08B	-196.34M	0.00	-228.22M	0.00
Net Income	-1.15B	-354.16M	0.00	0.00	0.00
Balance Sheet
Total Assets	1.42B	873.61M	769.18M	518.98M	509.92M
Cash, Cash Equivalents and Short-Term Investments	705.14M	279.25M	295.91M	138.81M	217.31M
Total Debt	332.43M	309.29M	216.04M	33.21M	5.97M
Total Liabilities	1.98B	1.58B	1.14B	623.61M	430.04M
Stockholders Equity	-553.73M	-704.54M	-372.62M	-104.63M	79.87M
Cash Flow
Free Cash Flow	31.34M	-16.85M	-15.01M	-103.23M	-74.62M
Operating Cash Flow	48.23M	-4.52M	19.29M	-82.78M	-58.74M
Investing Cash Flow	-383.44M	-93.62M	-125.19M	8.42M	-1.60M
Financing Cash Flow	398.02M	95.95M	171.82M	22.87M	137.51M

Rubrik, Inc. Class A Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 87.49
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RBRK, the sentiment is Neutral. The current price of 87.49 is below the 20-day moving average (MA) of 87.93, below the 50-day MA of 88.57, and above the 200-day MA of 66.35, indicating a neutral trend. The MACD of -0.41 indicates Positive momentum. The RSI at 48.30 is Neutral, neither overbought nor oversold. The STOCH value of 42.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for RBRK.

Rubrik, Inc. Class A Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BOX	73 Outperform	$4.70B	25.20	152.34%	―	4.88%	80.94%
ZS	72 Outperform	$44.98B	―	-2.68%	―	25.46%	49.20%
AKAM	70 Outperform	$11.23B	25.99	9.82%	―	3.51%	-27.28%
VRNS	64 Neutral	$5.63B	―	-22.21%	―	13.34%	13.71%
OKTA	63 Neutral	$15.95B	141.39	2.08%	―	13.51%	―
Sector *	57 Neutral	$5.81B	21.43	-28.61%	5.74%	10.78%	-34.04%
RBRK	54 Neutral	$16.90B	―	218.28%	―	43.89%	49.74%

Rubrik, Inc. Class A Corporate Events

Rubrik, Inc. Acquires Predibase, Inc. in Strategic Move

On June 24, 2025, Rubrik, Inc. announced its agreement to acquire Predibase, Inc., which will become a wholly owned subsidiary. The acquisition allows Predibase securityholders to receive compensation in cash or Rubrik’s Class A common stock, with a significant portion opting for stock. The transaction is structured to comply with securities regulations, and shares will be issued to accredited investors. On June 25, 2025, Rubrik held its Annual Meeting of Stockholders, where stockholders elected Class I directors and ratified KPMG LLP as the independent registered public accounting firm for the fiscal year ending January 31, 2026.

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.

Rubrik, Inc. Announces $1 Billion Convertible Notes Offering

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.