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Sep 30, 2021
Rapid7 Q3 2021 Earnings Report
Rapid7 experienced growth in ARR, revenue, and customer base, driven by demand for security transformation solutions and the acquisition of IntSights.
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
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 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