Rapid7 Q2 2022 Earnings Report
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
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