Rapid7 Q3 2021 Earnings Report
Key Takeaways
Rapid7 announced its Q3 2021 financial results, reporting a significant increase in annualized recurring revenue (ARR) of $550 million, a 38% increase year-over-year. Total revenue was $139.9 million, up 33% year-over-year, and the company saw a 17% increase in total customers and an 18% increase in ARR per customer.
ARR reached $550 million, a 38% increase year-over-year.
Revenue increased to $139.9 million, up 33% year-over-year.
Total customer growth was 17% year-over-year.
ARR per customer grew by 18% year-over-year.
Rapid7
Rapid7
Rapid7 Revenue by Segment
Rapid7 Revenue by Geographic Location
Forward Guidance
Rapid7 anticipates annualized recurring revenue to be approximately $586 million and revenue between $144.9 million and $146.5 million for the fourth quarter of 2021. They also estimate a non-GAAP loss from operations of $(6.7) million and a non-GAAP net loss per share of $(0.18). Free cash flow is expected to be approximately $25.0 million.
Positive Outlook
- Annualized recurring revenue approximately $586 million
- Revenue between $144.9 million and $146.5 million
- Free cash flow approximately $25.0 million
Challenges Ahead
- Non-GAAP loss from operations $(6.7) million
- Non-GAAP net loss per share $(0.18)
Revenue & Expenses
Visualization of income flow from segment revenue to net income