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Rubrik, Inc. Class A (RBRK)
:RBRK
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Rubrik, Inc. Class A
(NYSE:RBRK)
Rating:58Neutral
Price Target:
$90.00
▲(2.81% Upside)
Positive Factors
Acquisition Strategy
RBRK's acquisition of Predibase accelerates its push to become a foundational security platform for enterprise GenAI adoption, expanding its role in data integrity, AI risk management, and secure model deployment.
Product Innovation
The new Identity Resilience capability integrated into Rubrik's platform could be a game-changer, as no other vendor offers cyber resilience and identity resilience on the same platform.
Revenue Growth
RBRK's remaining performance obligations grew by 22.8% year-over-year, indicating strong future revenue expectations.
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 (RBRK) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$16.94B
Dividend YieldN/A
Average Volume (3M)3.85M
Price to Earnings (P/E)―
Beta (1Y)1.81
Revenue Growth43.89%
EPS Growth49.74%
CountryUS
Employees3,200
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)-0.15
Shares Outstanding123,563,324
10 Day Avg. Volume3,512,115
30 Day Avg. Volume3,854,412
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)0.00
Price to Sales (P/S)0.00
P/FCF Ratio0.00
Enterprise Value/Market Cap0.77
Enterprise Value/Revenue13.42
Enterprise Value/Gross Profit17.55
Enterprise Value/Ebitda-28.76
Forecast
1Y Price Target
$112.31Price Target Upside28.30% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering19
Rubrik, Inc. Class A Business Overview & Revenue Model
Company DescriptionRubrik, 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 MoneyRubrik, 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 Earnings Call Summary
Earnings Call Date:Jun 05, 2025
(Q1-2026)
| % Change Since: -11.19%|
Next Earnings Date:Sep 15, 2025
Earnings Call Sentiment Positive
The earnings call presented a strong performance with significant growth in subscription ARR and revenue, a high net retention rate, and positive free cash flow. The company demonstrated strong product innovation and strategic customer wins, reinforcing its market position in cyber resilience. However, challenges remain in achieving GAAP profitability, as indicated by the negative earnings per share guidance.Q1-2026 Updates
Positive Updates
Impressive Subscription ARR Growth
Subscription Annual Recurring Revenue (ARR) reached approximately $1.2 billion, growing 38% year-over-year.
Strong Subscription Revenue Increase
Subscription revenue was $266 million, representing a 54% year-over-year growth.
High Subscription Net Retention Rate
Subscription Net Retention Rate (NRR) remained strong, above 120%.
Expansion in Customer Base
Customers with $100,000 or more in subscription ARR reached 2,381, a growth of 28% year-over-year.
Significant Contribution Margin Improvement
Subscription ARR contribution margin improved over 1,800 basis points year-over-year.
Positive Free Cash Flow
Reported free cash flow of over $33 million for the quarter.
Product Innovation and Market Expansion
Rubrik introduced several innovations including code-to-cloud cyber resilience and expanded cyber resilience capabilities for Google Cloud and Oracle Cloud Infrastructure.
Successful Customer Wins
Rubrik secured significant wins with major U.S. pharmacy solutions company and a large European insurer, showcasing its competitive edge in cyber resilience.
Negative Updates
GAAP Earnings Challenges
Non-GAAP earnings per share guidance for the full year fiscal 2026 is projected to be negative, indicating ongoing challenges in achieving profitability.
Seasonal Subscription ARR Contribution Margin
Subscription ARR contribution margins expected to be seasonally lowest in Q3 before improving in Q4.
Company Guidance
During the first quarter of fiscal year 2026, Rubrik exceeded all guided metrics across top-line and profitability measures. Key performance indicators include a 38% year-over-year growth in subscription annual recurring revenue (ARR), reaching approximately $1.2 billion, and net new subscription ARR of $89 million. The company's subscription revenue increased by 54% year-over-year to $266 million, while the subscription net retention rate (NRR) remained strong at over 120%. Rubrik also reported significant growth in its customer base, with 2,381 customers having $100,000 or more in subscription ARR, marking a 28% year-over-year increase. Additionally, the company improved its subscription ARR contribution margin by over 1,800 basis points year-over-year and generated over $33 million in free cash flow. Rubrik's strong performance has led the company to raise its guidance for the year, indicating confidence in its market opportunities and growth strategy.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.30
Negative
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.20
Very Negative
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.40
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 886.54M | 627.89M | 599.82M | 506.15M | 387.75M |
| Gross Profit | 620.80M | 482.93M | 417.81M | 353.19M | 280.37M |
| EBITDA | -1.08B | -196.34M | -235.07M | -228.22M | -192.89M |
| Net Income | -1.15B | -354.16M | -277.75M | -254.40M | -213.09M |
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
Neutral
87.54
Price Trends
90.03
Negative
79.79
Positive
69.82
Positive
Market Momentum
0.67
Negative
48.69
Neutral
40.93
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 87.54 is below the 20-day moving average (MA) of 87.91, below the 50-day MA of 90.03, and above the 200-day MA of 69.82, indicating a neutral trend. The MACD of 0.67 indicates Negative momentum. The RSI at 48.69 is Neutral, neither overbought nor oversold. The STOCH value of 40.93 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
Overall Rating
UnderperformOutperform
Sector (56)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $4.57B | 24.81 | 152.34% | ― | 4.88% | 80.94% | |
76 Outperform | $43.90B | ― | -2.68% | ― | 25.46% | 49.20% | |
73 Outperform | $10.77B | 25.12 | 9.82% | ― | 3.51% | -27.28% | |
72 Outperform | $6.17B | ― | -25.73% | ― | 14.29% | -14.42% | |
68 Neutral | $16.80B | 149.01 | 2.08% | ― | 13.51% | ― | |
58 Neutral | $16.94B | ― | 218.28% | ― | 43.89% | 49.74% | |
56 Neutral | $6.41B | 9.62 | -29.56% | 6.32% | 10.97% | -32.97% |
* General Sector Average
Performance Comparison
RBRK
Rubrik, Inc. Class A
92.52
61.03
193.81%
AKAM
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73.65
-17.92
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VRNS
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55.09
1.34
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BOX
Box
31.57
4.33
15.90%
OKTA
Okta
95.98
7.33
8.27%
ZS
Zscaler
281.96
110.25
64.21%
Rubrik, Inc. Class A Corporate Events
M&A TransactionsShareholder Meetings
Rubrik, Inc. Acquires Predibase, Inc. in Strategic Move
Neutral
Jun 27, 2025
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.
Private Placements and FinancingBusiness Operations and Strategy
Rubrik, Inc. Announces $1 Billion Convertible Notes Offering
Neutral
Jun 13, 2025
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.
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.