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Jun 30, 2022
Rapid7 Q2 2022 Earnings Report
Reported robust customer demand for security transformation solutions, driving ARR growth and total revenue increase.
Key Takeaways
Rapid7 announced strong second-quarter results, with annualized recurring revenue (ARR) reaching $658 million, a 35% increase year-over-year. Total revenue grew by 32% to $167 million, driven by robust customer demand for their security transformation solutions.
Annualized recurring revenue (ARR) reached $658 million, a 35% increase year-over-year.
Total revenue was $167 million, up 32% year-over-year, with products revenue at $159 million, up 34% year-over-year.
Total ARR per customer increased by 18% year-over-year.
Total customer growth was 14% year-over-year.
Rapid7
Rapid7
Rapid7 Revenue by Segment
Rapid7 Revenue by Geographic Location
Revenue by Segment
Product Subscriptions Revenue
CapyFin.comProfessional Services Revenue
CapyFin.comRevenue by Geographic Location
North America Revenue
CapyFin.comRest of World Revenue
CapyFin.com Forward Guidance
Rapid7 anticipates annualized recurring revenue, revenue, non-GAAP income from operations, non-GAAP net income per share and free cash flow to be in the following ranges:
Positive Outlook
- Third Quarter 2022 Annualized recurring revenue to be between $740 million and $750 million
- Third Quarter 2022 Revenue to be between $175 million and $177 million
- Third Quarter 2022 Non-GAAP income from operations to be between $6 million and $8 million
- Third Quarter 2022 Non-GAAP net income per share to be between $0.03 and $0.06
- Third Quarter 2022 Free cash flow to be between $40 million and $45 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income