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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.
Revenue by Segment
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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