Rubrik, Inc. Class A (RBRK)
NYSE:RBRK
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Rubrik, Inc. Class A
(NYSE:RBRK)
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Rating:63Neutral
Price Target:
$75.00
▲(43.29% Upside)
Action:Reiterated
Date:05/29/26
The score is driven by strong technical momentum and a constructive earnings outlook with continued growth, expanding margins, and solid free cash flow. The main offsets are financial risk from negative equity and higher debt alongside ongoing GAAP losses, plus limited valuation support due to a negative P/E and no dividend yield.
Positive Factors
Recurring subscription ARR growth
Sustained, high single‑digit to mid‑double digit ARR growth and record net new ARR signal durable enterprise demand and strong product-market fit. A growing, recurring ARR base improves revenue predictability, supports upsell motion and reduces sensitivity to one-time bookings over the medium term.
Negative Factors
Weak balance sheet leverage
Persistent negative shareholders' equity and a large recent jump in debt create structural leverage risks. Even with strong cash, this capital structure limits financial flexibility, complicates future financing, and heightens sensitivity to any cash‑flow volatility over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring subscription ARR growth
Sustained, high single‑digit to mid‑double digit ARR growth and record net new ARR signal durable enterprise demand and strong product-market fit. A growing, recurring ARR base improves revenue predictability, supports upsell motion and reduces sensitivity to one-time bookings over the medium term.
Read all positive factors
Rubrik, Inc. Class A (RBRK) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$16.94B
Dividend YieldN/A
Average Volume (3M)3.16M
Price to Earnings (P/E)―
Beta (1Y)1.66
Revenue Growth48.46%
EPS Growth72.42%
CountryUS
Employees3,200
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)-1.78
Shares Outstanding160,938,030
10 Day Avg. Volume3,501,468
30 Day Avg. Volume3,158,461
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 Cap0.98
Enterprise Value/Revenue12.65
Enterprise Value/Gross Profit15.80
Enterprise Value/Ebitda-54.50
Forecast
1Y Price Target
$85.23Price Target Upside62.83% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering23
EPS Forecast (FY)0.18
Revenue Forecast (FY)$1.61B
Rubrik, Inc. Class A Business Overview & Revenue Model
Company Description
Rubrik, Inc. provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, and SaaS data protection solutions; data threat analytics; d...
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:Mar 12, 2026
(Q4-2026)
| % Change Since: |
Next Earnings Date:Jun 04, 2026
Earnings Call Sentiment Positive
The call presented a strongly positive picture driven by record net new subscription ARR, double-digit ARR and revenue growth, substantial improvement in contribution margin, robust free cash flow generation, strong cloud transition, and rapid identity product traction. Key strategic initiatives (Rubrik Agent Cloud and sovereign cloud) and notable enterprise wins signal continued market momentum. Near-term caveats include reliance on some nonrecurring material rights revenue, early-stage monetization for Agent Cloud, monitoring of supply-chain/hardware risks, and short-term seasonality reflected in Q1 guidance and a small non-GAAP EPS loss. Overall, the positive operating and financial momentum materially outweighs the limited and manageable risks discussed on the call.Positive Updates
Record Net New Subscription ARR
Net new subscription ARR in Q4 reached a record $115,000,000, driving subscription ARR to $1,460,000,000, up 34% year-over-year.
Negative Updates
Revenue Includes Nonrecurring Material Rights Tailwind
Material rights related to cloud transformation contributed approximately $18,000,000 to Q4 revenue (slightly above expectations); company normalized growth to ~43% in Q4 and expects ~$4,000,000 material rights in Q1 and ~$10,000,000 for FY2027, indicating some revenue tailwinds are nonrecurring.
Read all updates
Q4-2026 Updates
Positive
Negative
Record Net New Subscription ARR
Net new subscription ARR in Q4 reached a record $115,000,000, driving subscription ARR to $1,460,000,000, up 34% year-over-year.
Read all positive updates
Company Guidance
Rubrik guided Q1 FY2027 revenue of $365,000,000–$367,000,000 (≈31%–32% growth; ≈36%–37% when normalized for ~$4,000,000 of material rights), non‑GAAP subscription ARR contribution margin of 10%–11%, and non‑GAAP EPS of (−)$0.04 to (−)$0.02 on roughly 204 million weighted average shares. For full FY2027 it expects subscription ARR of $1,829,000,000–$1,839,000,000 (≈25%–26% YoY), total revenue of $1,597,000,000–$1,607,000,000 (≈27%–28% when normalized for ~$10,000,000 of material rights), non‑GAAP subscription ARR contribution margin of ~13%, non‑GAAP EPS of $0.07–$0.27 on roughly 232 million weighted shares, and free cash flow of $265,000,000–$275,000,000.Rubrik, Inc. Class A Financial Statement Overview
Summary
Income Statement
42
Neutral
Balance Sheet
28
Negative
Cash Flow
63
Positive
| Breakdown | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.32B | 886.54M | 627.89M | 599.82M | 506.15M |
| Gross Profit | 1.05B | 620.80M | 389.69M | 320.25M | 269.87M |
| EBITDA | -198.35M | -1.08B | -196.34M | -153.79M | -144.90M |
| Net Income | -348.83M | -1.15B | -354.16M | -277.75M | -254.40M |
Balance Sheet | |||||
| Total Assets | 2.77B | 1.42B | 873.61M | 769.18M | 518.98M |
| Cash, Cash Equivalents and Short-Term Investments | 1.68B | 705.14M | 279.25M | 295.91M | 138.81M |
| Total Debt | 1.13B | 350.81M | 309.29M | 216.04M | 33.21M |
| Total Liabilities | 3.29B | 1.98B | 1.58B | 1.14B | 623.61M |
| Stockholders Equity | -519.56M | -553.73M | -704.54M | -372.62M | -104.63M |
Cash Flow | |||||
| Free Cash Flow | 253.28M | 31.34M | -16.85M | -15.01M | -103.23M |
| Operating Cash Flow | 282.91M | 48.23M | -4.52M | 19.29M | -82.78M |
| Investing Cash Flow | -830.09M | -383.44M | -93.62M | -125.19M | 8.42M |
| Financing Cash Flow | 736.50M | 398.02M | 95.95M | 171.82M | 22.87M |
Rubrik, Inc. Class A Technical Analysis
Positive
52.34
Price Trends
56.36
Positive
57.11
Positive
68.10
Positive
Market Momentum
5.60
Negative
80.54
Negative
91.12
Negative
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 65.05, below the 50-day MA of 56.36, and below the 200-day MA of 68.10, indicating a bullish trend. The MACD of 5.60 indicates Negative momentum. The RSI at 80.54 is Negative, neither overbought nor oversold. The STOCH value of 91.12 is Negative, 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 | $23.65B | 20.90 | 30.57% | ― | 18.26% | 16.45% | |
70 Outperform | $4.44B | 21.62 | 13.99% | ― | 7.06% | -22.01% | |
67 Neutral | $21.61B | 99.68 | 3.35% | ― | 11.75% | 85.38% | |
64 Neutral | $15.00B | 53.50 | -37.79% | ― | 13.04% | 1894.19% | |
63 Neutral | $16.94B | -46.37 | 64.45% | ― | 48.46% | 72.42% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
56 Neutral | $4.12B | -31.86 | -26.10% | ― | 15.27% | -39.93% |
* Technology Sector Average
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Rubrik, Inc. Class A
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-16.05%
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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.