Rapid7

Rapid7, Inc. engages in the provision of cyber security analytics and automation services. Its products include Metasploit, Nexpose, AppSpider, tCell by Rapid7, as well as insight platforms such as InsightDR, InsightIVM, InsightAppSec, InsightConnect, and InsightOps. The firm also offers security and product consulting services. The company was founded by Alan P. Matthews, Tas Giakouminakis, and Chad Loder in July 2000 and is headquartered in Boston, MA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Rapid7 exceeds Q4 expectations, eyes growth amid mid-market challenges

Rapid7's Q4 2022 performance exceeded expectations, with a focus on balancing profitability and growth.
Strengths lie in the resonance of the Insight platform, consolidation offerings, and stable large enterprise accounts.
Challenges include economic pressures in the mid-market segment and longer sales cycles.
Opportunities exist in increasing ARR per customer, engaging C-level executives, and expanding partnerships.

Rapid7 exceeds Q1 expectations, eyes growth through strategic focus

Rapid7's Q1 2023 showcased strong financial performance, exceeding revenue and operating income expectations.
The company's strategic focus on consolidated security offerings and cloud solutions drove growth and raised guidance.
While facing challenges in sales productivity and external factors, Rapid7 remains poised for continued expansion and revenue optimization.
Opportunities lie in investments in cloud security, acquisitions like Minerva, and sustained efforts in sales team retention and expansion.

Rapid7 exceeds Q2 expectations, focuses on SecOps consolidation for growth

Rapid7 exceeded Q2 expectations, focusing on SecOps consolidation and cloud security integration for future growth.
The company is restructuring to enhance profitability and growth, with a revised full-year outlook showing positive growth.
Efforts are being made to minimize customer impact during restructuring while maintaining stable demand outlook.
Rapid7's strong performance in international markets and focus on MSP opportunities present promising growth avenues.

Rapid7 surpasses Q3 expectations, eyes growth amidst tight budgets

Rapid7's Q3 performance exceeded expectations, driven by strong demand for security solutions and strategic restructuring efforts. The company is focused on long-term growth, with investments in products, services, and sales/marketing. While facing a tight budget environment, Rapid7 aims to address the demand backlog and capitalize on partnership expansions and market disruptions.

Rapid7 exceeds 2023 targets, eyes efficient growth in 2024

Rapid7's strong 2023 performance exceeded expectations across key metrics.
Strategic investments planned for 2024 aim to drive efficient growth.
Focus on higher growth while delivering strong free cash flow growth.
Emphasis on continued funding for security projects and market expansion.

Rapid7 reports Q1 revenue growth, focuses on cloud security opportunities

Rapid7's Q1 2024 performance saw ARR below expectations but strong revenue and free cash flow. The company faces challenges in sales alignment and pricing dynamics but aims to capitalize on opportunities in cloud security and market competition. Overall, Rapid7 maintains a focus on profitability targets amidst adjustments in growth outlook.

Rapid7 surpasses Q2 expectations, poised for cybersecurity market leadership

Rapid7's Q2 performance exceeded expectations, showcasing strong growth in ARR, revenue, and operating income.
The company's strategic focus on innovation and acquisitions strengthens its competitive position in the cybersecurity market.
While challenges in cost management and market competition exist, Rapid7's opportunities lie in profitability expansion and long-term growth strategies.

Rapid7 surpasses Q3 expectations, eyes growth through innovation and partnerships

Rapid7's Q3 2024 performance exceeded expectations, driven by strong revenue and profitability
While facing challenges with deal cycles, the company showcased promising growth areas
Strategic focus on innovation and partnerships positions Rapid7 well for future opportunities
Maintaining financial discipline and capitalizing on growth avenues are key priorities

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Although the revenue and EPS for Rapid7 (RPD) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Here's What Key Metrics Tell Us About Rapid7 (RPD) Q3 Earnings

Annualized recurring revenue (“ARR”) of $777 million, an increase of 14% year-over-year Total revenue of $199 million, up 13% year-over-year; Products revenue of $190 million, up 14% year-over-year GAAP operating loss of $16 million; Non-GAAP operating income of $37 million BOSTON, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Rapid7, Inc. (Nasdaq: RPD), a leader in extended risk and threat detection, today announced its financial results for the third quarter of 2023. “Rapid7 ended the third quarter with $777 million in ARR, driven by strong customer traction and momentum around our consolidated offerings for risk and threat management, which contributed over 40% of new business during the quarter,” said Corey Thomas, Chairman and CEO of Rapid7.

Rapid7 Announces Third Quarter 2023 Financial Results

The war in Eastern Europe involved large-scale cyber operations, highlighting the importance of cybersecurity in conflicts. Cybersecurity companies, in general, could benefit due to their solutions for threat detection and response, vulnerability assessment, and risk management. Rapid7 faces competition and financial challenges, but cost control measures and potential growth in free cash flow could positively impact valuations.

Rapid7: Timely Restructuring Amid Higher Cybersecurity Risks

Check Point Software Technologies

CyberArk Software

Amplify BlueStar Israel Technology ETF

Palo Alto Networks

SentinelOne

Tenable Holdings Inc

The country is home to 33% of the world's unicorns in cybersecurity, the Israel National Cyber Directorate said last year.

Cybersecurity Stocks With Ties to Israel Are Under Pressure as War Unfolds

First Trust NASDAQ Cybersecurity ETF

Zscaler

J.P. Morgan analyst Brian Essex listed a number of security software companies with ties to Israel, in anticipation of investor interest in those with exposure to the region, after Hamas' attack on Israel over the weekend.

These cybersecurity stocks could be most hurt by Hamas's attack on Israel

BOSTON, Oct. 05, 2023 (GLOBE NEWSWIRE) -- Rapid7, Inc. (NASDAQ: RPD), a leader in extended risk and threat detection, today announced that the company will release its third quarter 2023 financial results on Wednesday, November 1, 2023, after the financial markets close. The company will host a conference call that same day to discuss its results and business outlook at 4:30 p.m.

Rapid7 to Report Third Quarter 2023 Financial Results on November 1

BOSTON and PRAGUE, Czech Republic, Oct. 04, 2023 (GLOBE NEWSWIRE) -- Rapid7 , Inc. (NASDAQ: RPD), a leader in extended risk and threat detection, today announced the opening of its Prague office. The company opened its office doors yesterday at Praga Office Garden, Pernerova 702/39, Praha 8 - Karlín and welcomed its local Rapid7 employees.

Rapid7 Announces New Office and Security Operations Center as it Expands to Prague

BOSTON, Oct. 02, 2023 (GLOBE NEWSWIRE) -- Rapid7, Inc. (NASDAQ: RPD), a leader in extended risk and threat detection, announced today that its Managed Detection and Response (MDR) service now includes multi-layered endpoint prevention and forensics capabilities powered by its Insight Agent. The Insight Agent already delivers powerful vulnerability scanning, high-efficacy threat detection, and swift containment activities.

Rapid7 Expands Endpoint Protection Capabilities to Proactively Prevent Breaches

Rapid7 threat data, dedicated personnel will facilitate research that explores real-world scenarios and challenges to ready tomorrow's cyber operators Rapid7 threat data, dedicated personnel will facilitate research that explores real-world scenarios and challenges to ready tomorrow's cyber operators

Rapid7 and USF Collaborate on Cyber Training Initiative With $1.5 Million Grant From Office of Naval Research and National Science Foundation

BOSTON, Sept. 06, 2023 (GLOBE NEWSWIRE) -- Rapid7, Inc. (“Rapid7”) (Nasdaq: RPD) today announced the pricing of $260.0 million aggregate principal amount of 1.25% convertible senior notes due 2029 (the “notes”) in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The aggregate principal amount of the offering was increased from the previously announced offering size of $250.0 million. Rapid7 also granted the initial purchasers of the notes an option to purchase up to an additional $40.0 million aggregate principal amount of notes. The sale of the notes is expected to close on September 8, 2023, subject to customary closing conditions.

Rapid7 Announces Upsized Pricing of $260 Million Convertible Senior Notes Offering

BOSTON, Sept. 05, 2023 (GLOBE NEWSWIRE) -- Rapid7, Inc. (“Rapid7”) (Nasdaq: RPD) today announced that it intends to offer, subject to market conditions and other factors, $250 million aggregate principal amount of convertible senior notes due 2029 (the “notes”) in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Rapid7 also intends to grant the initial purchasers of the notes an option to purchase up to an additional $37.5 million aggregate principal amount of notes.

Rapid7 Announces Proposed Private Offering of $250 Million of Convertible Senior Notes

U.S. cybersecurity giant Rapid7 has announced plans to lay off 18% of its workforce, affecting more than 400 global employees. In a regulatory filing, the Boston-based cybersecurity company said its restructuring effort is “designed to improve operational efficiencies, reduce operating costs and better align the company's workforce with current business needs.

Cybersecurity giant Rapid7 announces sweeping layoffs as losses mount

Although the revenue and EPS for Rapid7 (RPD) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Here's What Key Metrics Tell Us About Rapid7 (RPD) Q2 Earnings

Rapid7 (RPD) came out with quarterly earnings of $0.18 per share, beating the Zacks Consensus Estimate of $0.11 per share. This compares to loss of $0.01 per share a year ago.

Rapid7 (RPD) Beats Q2 Earnings and Revenue Estimates

Palo Alto Networks still growing like a weed more than decade after its IPO. Rapid7 faces tougher competitive and macro headwinds than Palo Alto.

Better Cybersecurity Stock: Palo Alto Networks vs. Rapid7

Takeover rumors have swirled around Rapid7 since the beginning of the year. It expects its growth to cool off this year.

Is It Too Late to Buy Rapid7 Stock?

Executive Risk View provides security leaders with the comprehensive visibility and context needed to reduce total risk across both cloud and on-premises assets Executive Risk View provides security leaders with the comprehensive visibility and context needed to reduce total risk across both cloud and on-premises assets

Rapid7 Announces Industry-First Solution for Holistically Visualizing and Reducing Cyber Risk in Hybrid Environments

BOSTON, July 13, 2023 (GLOBE NEWSWIRE) -- Rapid7, Inc. (NASDAQ: RPD), a leader in cloud risk and threat detection, today announced that the company will release its second quarter 2023 financial results on Tuesday, August 8, 2023, after the financial markets close.

Rapid7 to Report Second Quarter 2023 Financial Results on August 8

BOSTON, June 20, 2023 (GLOBE NEWSWIRE) -- Rapid7, Inc . (NASDAQ: RPD), a leader in cloud risk and threat detection, today announced the release of its 2023 Social Good Report , the company's annual comprehensive review of its social good initiatives in several key areas including: diversity, equity, and inclusion (DEI), advancing cybersecurity, purposeful philanthropy, and environmental sustainability.

Rapid7 Releases 2023 Social Good Report, Highlighting Meaningful Progress Across Environmental, Social, and Governance (ESG) Initiatives

RPD has experienced a decline in growth due to macro-driven headwinds impacting enterprise IT spending, with growth falling from +30% in mid-2022 to +16% in Q1. I view the stock as fully valued at its current price of around $46 per share. I downgrade RPD to neutral. IT consolidation tailwind persists, but key near-term risks include competition from other cybersecurity peers also benefiting from the same trend.

Rapid7: Higher Growth Needed

Rapid7 is likely to be the subject of a takeover offer in time to come, considering recent news flow and its current valuations. On the other hand, RPD has the ability and intention to engage in value-accretive M&A deals going forward. I rate Rapid7 as a Buy, as there are catalysts relating to potential corporate actions which could help to re-rate RPD's shares.

Rapid7: Watch Potential Corporate Action Catalysts

The answer for one publicly-traded company, Boston-based Rapid7, is helping a company's security operations people feel that they are getting ahead of their security c

Rapid7 Stock Struggles To Maintain 2021 Growth

Rapid7 Stock Trades 70% Below Peak As Revenue Rises 12%

Rapid7, Inc. (NASDAQ:RPD ) Q1 2023 Earnings Conference Call May 9, 2023 4:30 PM ET Company Participants Sunil Shah - Vice President, Investor Relations Corey Thomas - Chairman and Chief Executive Officer Tim Adams - Chief Financial Officer Conference Call Participants Matthew Hedberg - RBC Capital Markets Saket Kalia - Barclays Rob Owens - Piper Sandler Shrenik Kothari - RW Baird Eric Heath - KeyBanc Capital Markets Gregg Moskowitz - Mizuho Brian Essex - JP Morgan Brad Reback - Stifel Matt Saltzman - Morgan Stanley Adam Tindle - Raymond James Joel Fishbein - Truist Gray Powell - BTIG Garrett Burkam - William Blair Joshua Tilton - Wolfe Research Alex Henderson - Needham and Company Shebly Seyrafi - FBN Securities Operator Good afternoon and welcome to the Rapid7 First Quarter 2023 Earnings Call. All participants are in a listen-only mode.

Rapid7, Inc. (RPD) Q1 2023 Earnings Call Transcript

Although the revenue and EPS for Rapid7 (RPD) give a sense of how its business performed in the quarter ended March 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

News for Rapid7 Stock (RPD)