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

• Market Cap: $17.52B
• Dividend Yield: N/A
• Average Volume (3M): 3.93M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.93
• 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: 6,045,838
• 30 Day Avg. Volume: 3,933,621
• PEG Ratio: 0.00
• Price to Book (P/B): -17.47
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -433.65
• Enterprise Value/Market Cap: 0.36
• Enterprise Value/Revenue: 1.88
• Enterprise Value/Gross Profit: 8.56
• Enterprise Value/Ebitda: -1.81
• 1Y Price Target: $111.06
• Price Target Upside: 22.64% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 18

• Rating: 54 Neutral
• Price Target: $91.00 ▲(0.49%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

Acquisition and Integration

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.

Financial Performance

RBRK's remaining performance obligations grew by 22.8% year-over-year, indicating strong future revenue expectations.

Product Innovation

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.

Negative Factors

Channel Partner Dependency

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. 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; data security posture; and cyber recovery solutions. It serves financial, retail, trade, transportation, energy, industrial, healthcare and life science, education, technology, media, communications, and public sectors. Rubrik, Inc. was formerly known as Scaledata, Inc. and changed its name to Rubrik, Inc. in October 2014. The company was incorporated in 2013 and is based in Palo Alto, California.

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	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	977.71M	886.54M	627.89M	0.00	0.00	0.00
Gross Profit	747.46M	620.80M	482.93M	0.00	0.00	0.00
EBITDA	-456.15M	-1.08B	-196.34M	0.00	-228.22M	0.00
Net Income	-524.83M	-1.15B	-354.16M	0.00	0.00	0.00
Balance Sheet
Total Assets	1.47B	1.42B	873.61M	769.18M	518.98M	509.92M
Cash, Cash Equivalents and Short-Term Investments	762.06M	705.14M	279.25M	295.91M	138.81M	217.31M
Total Debt	322.82M	332.43M	309.29M	216.04M	33.21M	5.97M
Total Liabilities	2.03B	1.98B	1.58B	1.14B	623.61M	430.04M
Stockholders Equity	-556.53M	-553.73M	-704.54M	-372.62M	-104.63M	79.87M
Cash Flow
Free Cash Flow	100.71M	31.34M	-16.85M	-15.01M	-103.23M	-74.62M
Operating Cash Flow	119.26M	48.23M	-4.52M	19.29M	-82.78M	-58.74M
Investing Cash Flow	-390.01M	-383.44M	-93.62M	-125.19M	8.42M	-1.60M
Financing Cash Flow	51.18M	398.02M	95.95M	171.82M	22.87M	137.51M

Rubrik, Inc. Class A Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 90.56
• 50DMA: Positive
• 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 Positive. The current price of 90.56 is below the 20-day moving average (MA) of 92.42, above the 50-day MA of 82.94, and above the 200-day MA of 62.48, indicating a neutral trend. The MACD of 1.33 indicates Positive momentum. The RSI at 56.98 is Neutral, neither overbought nor oversold. The STOCH value of 65.77 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 Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BOX	78 Outperform	$4.94B	26.48	152.34%	―	4.88%	80.94%
AKAM	76 Outperform	$11.63B	26.83	9.82%	―	3.51%	-27.28%
ZS	72 Outperform	$48.57B	―	-2.68%	―	25.46%	49.20%
Sector *	66 Neutral	€2.00B	65.87	18.51%	3.61%	12.44%	116.17%
OKTA	65 Neutral	$17.19B	152.48	2.08%	―	13.51%	―
VRNS	64 Neutral	$5.61B	―	-22.21%	―	13.34%	13.71%
RBRK	54 Neutral	$17.52B	―	218.28%	―	43.89%	49.74%

Rubrik, Inc. Class A Corporate Events

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.