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Jun 30, 2020
Rapid7 Q2 2020 Earnings Report
Rapid7's Q2 2020 financial results were announced, demonstrating growth and profitability.
Key Takeaways
Rapid7 announced strong Q2 2020 results, exceeding expectations for both growth and profitability. ARR reached $379.9 million, driven by strong ARR per customer growth. The company also raised its full year guidance and expects to achieve non-GAAP operating profit for the full year.
ARR increased 31% year-over-year to $379.9 million.
Revenue grew 25% year-over-year to $98.9 million.
ARR per customer increased 20% year-over-year.
Non-GAAP operating income was $4.3 million.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Rapid7 anticipates annualized recurring revenue, revenue, non-GAAP income (loss) from operations, and non-GAAP net loss per share to be in the following ranges for Q3 2020 and full year 2020.
Positive Outlook
- Q3 2020 Annualized recurring revenue is expected to be between $404.0 million and $420.0 million.
- Q3 2020 Revenue is expected to be between $100.7 million and $102.3 million.
- Full Year 2020 Revenue is expected to be between $399.0 million and $403.0 million.
- Full Year 2020 Non-GAAP income from operations is expected to be between $0.0 million and $2.0 million.
- Q3 2020 Non-GAAP (loss) income from operations is expected to be between $(0.5) million and $0.5 million.
Challenges Ahead
- Q3 2020 Non-GAAP net loss per share is expected to be between $(0.06) and $(0.04).
- Full Year 2020 Non-GAAP net loss per share is expected to be between $(0.14) and $(0.10).
- Fluctuations in Rapid7’s quarterly operating results may be particularly pronounced in the current economic environment due to the uncertainty caused by the COVID-19 pandemic.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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