Rubrik, Inc. Class A (RBRK)
NYSE:RBRK
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Rubrik, Inc. Class A
(NYSE:RBRK)
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Rating:65Neutral
Price Target:
$79.00
▲(50.94% Upside)
Action:Reiterated
Date:06/06/26
The score is driven primarily by strong technical momentum and a constructive earnings-call outlook with raised guidance and improving cash generation. These positives are moderated by meaningful balance-sheet risk (negative equity and higher debt) and weak valuation signals tied to ongoing losses and a negative P/E.
Positive Factors
Cash Generation
Consistent, sizable positive operating and free cash flow in the TTM period indicates the business already converts revenue into cash. That durable cash generation reduces reliance on capital markets, supports reinvestment in R&D and go‑to‑market, and improves ability to fund scaling over the next 2–6 months.
Negative Factors
Weak Balance Sheet / Negative Equity
Negative shareholders' equity combined with sharply higher debt materially limits financial flexibility. This capital structure raises refinancing and covenant risks, constrains strategic optionality, and remains a structural headwind until retained earnings and profitability restore equity.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash Generation
Consistent, sizable positive operating and free cash flow in the TTM period indicates the business already converts revenue into cash. That durable cash generation reduces reliance on capital markets, supports reinvestment in R&D and go‑to‑market, and improves ability to fund scaling over the next 2–6 months.
Read all positive factors
Rubrik, Inc. Class A (RBRK) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$14.52B
Dividend YieldN/A
Average Volume (3M)4.24M
Price to Earnings (P/E)―
Beta (1Y)1.66
Revenue Growth45.73%
EPS Growth48.87%
CountryUS
Employees3,200
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)-1.46
Shares Outstanding160,956,760
10 Day Avg. Volume4,590,857
30 Day Avg. Volume4,244,648
Financial Highlights & Ratios
PEG Ratio0.41
Price to Book (P/B)-21.16
Price to Sales (P/S)8.35
P/FCF Ratio43.40
Enterprise Value/Market Cap1.03
Enterprise Value/Revenue10.51
Enterprise Value/Gross Profit13.04
Enterprise Value/Ebitda-64.00
Forecast
1Y Price Target
$92.05Price Target Upside75.86% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering25
EPS Forecast (FY)0.31
Revenue Forecast (FY)$1.64B
Rubrik, Inc. Class A Business Overview & Revenue Model
Company Description
Rubrik, Inc. operates as a global provider of advanced data security solutions, catering to a wide range of individuals and businesses. The company's comprehensive suite of offerings addresses various aspects of data protection, including securing...
How the Company Makes Money
Rubrik primarily makes money by selling subscriptions to its data security and cyber resilience platform. Revenue is largely generated through recurring software subscriptions (typically sold to enterprises) that provide capabilities such as backu...
Rubrik, Inc. Class A Earnings Call Summary
Earnings Call Date:Jun 04, 2026
(Q1-2027)
| % Change Since: |
Next Earnings Date:Sep 15, 2026
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.Positive Updates
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).
Negative Updates
Material Rights / Cloud Transition Accounting Headwind
Material rights related to the cloud transition reduced reported revenue: ~$8.5 million recognized in Q1, expected $3–4 million in Q2, and ~ $17 million for the full year—this accounting dynamic is a meaningful headwind to reported revenue despite stronger ARR-normalized growth.
Read all updates
Q1-2027 Updates
Positive
Negative
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).
Read all positive updates
Company Guidance
Rubrik raised its outlook for fiscal 2027, guiding Q2 revenue of $395–$397 million (up ~27–28% YoY) with $3–$4 million of material rights, non‑GAAP subscription ARR contribution margins of 11–12%, and non‑GAAP EPS of $0.03–$0.05 on ~224 million weighted‑average shares; for the full year it expects subscription ARR of $1.854–$1.862 billion (~27% growth), total revenue of $1.638–$1.648 billion (with ~ $17 million of material rights), non‑GAAP subscription ARR contribution margin of ~14%, non‑GAAP EPS of $0.25–$0.35 on ~228 million shares, and free cash flow of $293–$303 million, noting revenue growth normalized for material rights should outpace subscription ARR growth.Rubrik, Inc. Class A Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
38
Negative
Cash Flow
74
Positive
| Breakdown | TTM | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.42B | 1.32B | 886.54M | 627.89M | 599.82M | 506.15M |
| Gross Profit | 1.15B | 1.05B | 620.80M | 389.69M | 320.25M | 269.87M |
| EBITDA | -233.88M | -162.18M | -1.08B | -196.34M | -153.79M | -144.90M |
| Net Income | -288.58M | -348.83M | -1.15B | -354.16M | -277.75M | -254.40M |
Balance Sheet | ||||||
| Total Assets | 2.77B | 2.77B | 1.42B | 873.61M | 769.18M | 518.98M |
| Cash, Cash Equivalents and Short-Term Investments | 1.75B | 1.68B | 705.14M | 279.25M | 295.91M | 138.81M |
| Total Debt | 1.15B | 1.13B | 350.81M | 309.29M | 216.04M | 33.21M |
| Total Liabilities | 3.25B | 3.29B | 1.98B | 1.58B | 1.14B | 623.61M |
| Stockholders Equity | -481.32M | -519.56M | -553.73M | -704.54M | -372.62M | -104.63M |
Cash Flow | ||||||
| Free Cash Flow | 306.46M | 253.28M | 31.34M | -16.85M | -15.01M | -103.23M |
| Operating Cash Flow | 326.85M | 282.91M | 48.23M | -4.52M | 19.29M | -82.78M |
| Investing Cash Flow | -900.44M | -830.09M | -383.44M | -93.62M | -125.19M | 8.42M |
| Financing Cash Flow | 736.47M | 736.50M | 398.02M | 95.95M | 171.82M | 22.87M |
Rubrik, Inc. Class A Technical Analysis
Positive
52.34
Price Trends
63.58
Positive
57.82
Positive
67.03
Positive
Market Momentum
1.78
Positive
59.95
Neutral
59.14
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RBRK, the sentiment is Positive. The current price of 52.34 is below the 20-day moving average (MA) of 72.90, below the 50-day MA of 63.58, and below the 200-day MA of 67.03, indicating a bullish trend. The MACD of 1.78 indicates Positive momentum. The RSI at 59.95 is Neutral, neither overbought nor oversold. The STOCH value of 59.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for RBRK.
Rubrik, Inc. Class A Risk Analysis
Rubrik, Inc. Class A disclosed 77 risk factors in its most recent earnings report. Rubrik, Inc. Class A reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Rubrik, Inc. Class A Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $22.69B | 20.04 | 30.57% | ― | 18.26% | 16.45% | |
74 Outperform | $20.15B | 84.40 | 3.59% | ― | 11.75% | 85.38% | |
70 Outperform | $4.36B | 22.47 | 13.99% | ― | 7.06% | -22.01% | |
65 Neutral | $14.52B | -50.85 | 55.24% | ― | 45.73% | 48.87% | |
64 Neutral | $12.60B | 46.95 | -37.79% | ― | 13.04% | 1894.19% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
56 Neutral | $3.76B | -31.00 | -26.10% | ― | 15.27% | -39.93% |
* Technology Sector Average
RBRK
Rubrik, Inc. Class A
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-18.02%
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Rubrik, Inc. Class A Corporate Events
Executive/Board ChangesShareholder Meetings
Rubrik Shareholders Endorse Board, Auditor and Pay Practices
Positive
Jun 5, 2026
On June 3, 2026, Rubrik, Inc. held its 2026 Annual Meeting of Stockholders, where investors elected three Class II directors, Asheem Chandna, Ravi Mhatre, and Arvind Nithrakashyap, to serve until the 2029 annual meeting, reinforcing continuity on ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.