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Dec 31, 2019
Rapid7 Q4 2019 Earnings Report
Rapid7 announced strong fourth quarter and full-year results, with significant growth in ARR and revenue.
Key Takeaways
Rapid7 reported a strong Q4 2019, with ARR growing by 35% and revenue growth of 33%. The company exceeded its guidance and saw a 9-point improvement in non-GAAP operating margin.
ARR increased by 35% year-over-year to $338.7 million.
Fourth quarter revenue reached $91.6 million, with a 33% year-over-year growth.
Customer growth was reported at 16% year-over-year.
The company is guiding for a 2020 ARR year-over-year growth between 24% and 26%.
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 between $420.0 and $426.8 million, and revenue between $91.6 to $93.2 million for Q1 2020. For the full year 2020, revenue is expected to be between $396.0 to $404.0 million.
Positive Outlook
- Guiding 2020 ARR year-over-year growth between 24% to 26%.
- Guiding 2020 year-over-year revenue growth between 21% and 24%.
- Q1 2020 revenue is expected to be between $91.6 to $93.2 million
- Full-year 2020 revenue is expected to be between $396.0 to $404.0 million
- Non-GAAP income from operations between $7.0 to $11.0 million
Challenges Ahead
- First Quarter 2020 non-GAAP loss from operations between $(6.3) to $(5.3) million.
- First Quarter 2020 non-GAAP net loss per share between $(0.13) to $(0.11).
- Anticipated GAAP loss from operations $(20.8) to $(19.8) million.
- Anticipated GAAP net loss $(23.8) to $(22.8) million.
- Anticipated GAAP net loss per share $(0.47) $(0.45).
Revenue & Expenses
Visualization of income flow from segment revenue to net income