Rapid7, Inc. RPD
Rapid7 is a global cybersecurity operations software and service provider on a mission to create a safer digital world by making cybersecurity simpler and more accessible. For twenty-five years, Rapid7 has partnered with customers across the globe representing a diverse range of industries and sizes to improve the efficacy and productivity of their security operations ("SecOps"). In today's rapidly evolving IT environment, customers are encountering escalating challenges due to the widening spectrum of attackers and techniques, including the proliferation of cyberattacks leveraging AI. We empower security professionals to manage a modern attack surface through our best-in-class AI-driven technology, leading-edge research, and broad, strategic expertise. Rapid7's comprehensive security solutions, including our market-leading managed detection and response ("MDR") services, next-gen security information and event management ("SIEM"), and exposure management help our global customers unify exposure management with threat detection and response to prioritize and reduce material risk, and eliminate threats with greater speed, precision, and consistency.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $859.8M | $844.0M | $777.7M | $685.1M | $535.4M | $411.5M | $326.9M | $244.1M | $200.9M | $157.4M |
| Cost of revenue | $255.0M | $251.0M | $232.0M | $214.3M | $168.9M | $121.5M | $91.1M | $71.1M | $56.9M | $39.7M |
| Gross profit | $604.8M | $593.0M | $545.7M | $470.7M | $366.5M | $290.0M | $235.8M | $173.0M | $144.0M | $117.7M |
| R&D | $190.7M | $173.1M | $177.9M | $190.0M | $160.8M | $108.6M | $79.4M | $67.7M | $50.9M | $48.0M |
| SG&A | $84.9M | $86.0M | $85.3M | $85.0M | $78.3M | $59.5M | $44.7M | $35.0M | $30.3M | $28.3M |
| Total operating expenses | $593.2M | $557.9M | $629.9M | $582.3M | $486.5M | $364.1M | $281.8M | $226.0M | $192.8M | $166.8M |
| Operating income | $11.6M | $35.0M | -$84.3M | -$111.6M | -$120.1M | -$74.1M | -$46.0M | -$53.0M | -$48.8M | -$49.0M |
| Interest expense | $10.4M | $11.0M | $64.7M | $11.0M | $14.3M | $24.1M | $13.4M | $4.9M | $87.0K | $211.0K |
| Pre-tax income | $30.2M | $41.5M | -$153.3M | -$122.3M | -$135.9M | -$96.9M | -$53.8M | -$55.1M | -$47.7M | -$49.0M |
| Income tax | $6.8M | $15.9M | $518.0K | $2.4M | $10.4M | $2.0M | $42.0K | $466.0K | $2.2M | $27.0K |
| Net income | $23.4M | $25.5M | -$152.8M | -$124.7M | -$146.3M | -$98.8M | -$53.8M | -$55.5M | -$45.5M | -$49.0M |
| EPS, basic | 0.36 | 0.41 | -2.52 | -2.13 | -2.65 | -1.94 | -1.10 | — | — | — |
| EPS, diluted | 0.36 | 0.40 | -2.52 | -2.13 | -2.65 | -1.94 | -1.10 | -1.20 | -1.06 | -1.19 |
| Shares, diluted (wtd. avg.) | $65.0M | $63.2M | $60.8M | $58.6M | $55.3M | $51.0M | $48.7M | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $246.7M | $334.7M | $213.6M | $207.8M | $165.0M | $173.6M | $123.4M | $99.6M | $51.8M | $53.1M |
| Short-term investments | $228.0M | $187.0M | $169.5M | $84.2M | $58.9M | $138.8M | $116.2M | $159.2M | $39.2M | $18.8M |
| Total current assets | $737.3M | $786.1M | $634.5M | $510.3M | $432.7M | $473.4M | $364.6M | $355.8M | $173.3M | $130.2M |
| Property, plant and equipment | $32.0M | $32.2M | $39.6M | $57.9M | $50.2M | $53.1M | $50.7M | $17.5M | $8.6M | $8.1M |
| Goodwill | $575.3M | $575.3M | $536.4M | $515.6M | $515.3M | $213.6M | $97.9M | $88.4M | $83.2M | $75.1M |
| Other intangibles | $65.1M | $85.7M | $94.5M | $101.3M | $111.6M | $44.3M | $28.6M | $24.0M | $16.6M | $8.9M |
| Total assets | $1.73B | $1.65B | $1.51B | $1.36B | $1.30B | $913.1M | $664.9M | $559.4M | $284.1M | $243.3M |
| Accounts payable | $11.0M | $18.9M | $15.8M | $10.3M | $3.5M | $3.9M | $6.8M | $7.0M | $2.2M | $4.0M |
| Total current liabilities | $575.4M | $630.2M | $569.8M | $531.3M | $468.7M | $353.7M | $286.7M | $235.0M | $189.5M | $145.6M |
| Total liabilities | $1.57B | $1.63B | $1.62B | $1.48B | $1.42B | $841.6M | $581.7M | $472.1M | $260.0M | $201.3M |
| Retained earnings | -$964.7M | -$988.0M | -$1.01B | -$860.7M | -$736.0M | -$617.3M | -$518.4M | -$464.6M | -$434.9M | -$389.3M |
| Total equity | $154.7M | $17.7M | -$118.2M | -$120.1M | -$126.0M | $71.5M | $83.2M | $87.3M | $24.2M | $42.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $153.8M | $171.7M | $104.3M | $78.2M | $53.9M | $4.9M | -$1.4M | $6.1M | $13.3M | $9.1M |
| Depreciation and amortisation | $45.4M | $44.9M | $45.9M | $41.0M | $33.5M | $22.6M | $16.5M | $11.1M | $7.6M | $6.7M |
| Stock-based compensation | $104.3M | $108.0M | $111.6M | $119.9M | $102.6M | $63.9M | $40.7M | $27.6M | $19.5M | $17.3M |
| Capital expenditure | $7.6M | $3.4M | $4.4M | $20.4M | $9.0M | $13.8M | $29.4M | $12.8M | $4.8M | $4.5M |
| Investing cash flow | -$209.4M | -$46.5M | -$178.8M | -$40.0M | -$325.4M | -$156.3M | $16.8M | -$193.7M | -$22.2M | -$43.5M |
| Financing cash flow | -$45.5M | $5.6M | $79.6M | $7.4M | $264.1M | $200.9M | $8.8M | $236.2M | $7.3M | $1.2M |
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 0001560327-26-000019.
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