Rubrik, Inc. RBRK
We are on a mission to secure and accelerate the world's AI transformation.
Organizations are facing new challenges. Cyberattacks are inevitable. Prevention and detection are not enough. Realizing that cyberattacks ultimately target data, we created Zero Trust Data Security to deliver cyber resilience so that organizations can secure their data across the cloud and recover from cyberattacks. As enterprises embrace the forthcoming AI transformation, they are grappling with a threat landscape that is now amplified at an AI-scale. We believe that cyber resilience will result in AI resilience and that the future of cybersecurity is data security—if your data is secure, your business is resilient.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $1.32B | $886.5M | $627.9M | $599.8M | — |
| Cost of revenue | $261.9M | $265.7M | $145.0M | $182.0M | — |
| Gross profit | $1.05B | $620.8M | $482.9M | $417.8M | — |
| R&D | $373.7M | $531.6M | $206.5M | $175.1M | — |
| SG&A | $257.0M | $355.7M | $100.4M | $86.8M | — |
| Total operating expenses | $1.40B | $1.75B | $789.4M | $679.4M | — |
| Operating income | -$345.4M | -$1.13B | -$306.5M | -$261.5M | — |
| Interest expense | — | $41.3M | $30.3M | $11.7M | — |
| Pre-tax income | -$326.5M | -$1.15B | -$327.5M | -$269.1M | — |
| Income tax | $22.4M | $6.4M | $26.7M | $8.6M | — |
| Net income | -$350.0K | -$1.1M | -$354.2M | -$277.7M | — |
| EPS, basic | -1.78 | -7.48 | -5.84 | -4.66 | — |
| EPS, diluted | -1.78 | -7.48 | -5.84 | -4.66 | — |
| Shares, diluted (wtd. avg.) | $196.5M | $154.3M | $60.6M | $59.6M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Cash and equivalents | $380.2M | $186.3M | $137.1M | $140.6M | $75.7M |
| Short-term investments | $1.30B | $518.8M | $149.2M | — | — |
| Receivables | $256.8M | $177.6M | $133.5M | — | — |
| Inventory | $5.7M | $4.2M | $4.8M | — | — |
| Total current assets | $2.22B | $1.08B | $548.7M | — | — |
| Property, plant and equipment | $83.8M | $53.2M | $47.9M | — | — |
| Goodwill | $199.6M | $100.3M | $100.3M | — | — |
| Total assets | $2.77B | $1.42B | $873.6M | — | — |
| Accounts payable | $15.3M | $10.4M | $6.9M | — | — |
| Total current liabilities | $1.31B | $950.2M | $656.3M | — | — |
| Long-term debt | — | $322.3M | $287.0M | — | — |
| Total liabilities | $3.29B | $1.98B | $1.58B | — | — |
| Retained earnings | -$3.19B | -$2.84B | -$1.68B | — | — |
| Total equity | -$519.6M | -$553.7M | -$1.42B | -$1.09B | -$819.3M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Operating cash flow | $282.9M | $48.2M | -$4.5M | $19.3M | — |
| Depreciation and amortisation | $37.1M | $28.9M | $24.3M | $22.4M | — |
| Stock-based compensation | $329.4M | $913.9M | $5.7M | $7.0M | — |
| Capital expenditure | $29.6M | $16.9M | $12.3M | $25.0M | — |
| Investing cash flow | -$830.1M | -$383.4M | -$93.6M | -$125.2M | — |
| Financing cash flow | $736.5M | $398.0M | $95.9M | $171.8M | — |
| Buybacks | — | $0 | $0 | $6.0K | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001943896-26-000034.
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| PLTR | Palantir Technologies Inc. | $418.36B | 276.7x | 56.2% |
| CRWD | CrowdStrike Holdings, Inc. | $218.20B | — | 21.7% |
| CRM | Salesforce, Inc. | $213.35B | 33.2x | 9.6% |
| SHOP | SHOPIFY INC. | $187.92B | 154.4x | 30.1% |
| NOW | ServiceNow, Inc. | $146.06B | 84.6x | 20.9% |
| SNOW | Snowflake Inc. | $118.96B | — | 29.2% |