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
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- United States
- Rest of world
| Region | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| United States | $612.2M | $614.1M | $579.0M |
| Rest of world | $247.6M | $229.9M | $198.7M |
As the company reported it, from the “Revenue from Contracts with Customers - Summary of Revenues of Customer by Geographic Area (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
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.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $157.4M | $200.9M | $244.1M | $326.9M | $411.5M | $535.4M | $685.1M | $777.7M | $844.0M | $859.8M |
| Gross profit | $117.7M | $144.0M | $173.0M | $235.8M | $290.0M | $366.5M | $470.7M | $545.7M | $593.0M | $604.8M |
| Net income | -$49.0M | -$45.5M | -$55.5M | -$53.8M | -$98.8M | -$146.3M | -$124.7M | -$152.8M | $25.5M | $23.4M |
Recent filings and events
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Restructuring or exit costs A restructuring: layoffs, a plant closure, a business being wound down. Item 2.05
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Officer or director change Item 5.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Results announced Item 2.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Officer or director change Item 5.02
- Results announced Item 2.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 7372
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|---|---|---|---|---|
| MSFT | MICROSOFT CORP | $3.89T | 29.2x | 17.8% |
| PLTR | Palantir Technologies Inc. | $472.16B | 312.3x | 56.2% |
| ORCL | ORACLE CORP | $363.40B | 21.6x | 17.3% |
| CRWD | CrowdStrike Holdings, Inc. | $263.73B | — | 21.7% |
| SHOP | SHOPIFY INC. | $218.48B | 179.4x | 30.1% |
| CRM | Salesforce, Inc. | $204.57B | 31.9x | 9.6% |
| NOW | ServiceNow, Inc. | $164.36B | 95.2x | 20.9% |
| NET | Cloudflare, Inc. | $115.42B | — | 29.8% |