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Dec 31, 2020
Rapid7 Q4 2020 Earnings Report
Rapid7's Q4 2020 financial results were announced, demonstrating strong growth in ARR and revenue.
Key Takeaways
Rapid7 announced strong Q4 2020 results with annualized recurring revenue (ARR) of $432.9 million, a 28% increase year-over-year. Total revenue for the quarter was $113.2 million, up 23% year-over-year.
Annualized recurring revenue (ARR) reached $432.9 million, up 28% year-over-year.
The number of customers increased to 9,736, representing an 8% year-over-year growth.
ARR per customer grew by 18% year-over-year, reaching $44.5 thousand.
Total revenue was $113.2 million, a 23% increase compared to the previous year.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Rapid7 anticipates annualized recurring revenue, revenue, non-GAAP (loss) income from operations, and non-GAAP net (loss) income per share to be in the following ranges for the first quarter and full year 2021.
Positive Outlook
- Revenue for Q1 2021 is expected to be between $113.2 million and $114.8 million.
- Full-year 2021 revenue is projected to be between $488.0 million and $496.0 million.
- Year-over-year revenue growth for Q1 2021 is expected to be between 20% and 22%.
- Full-year 2021 year-over-year revenue growth is projected to be between 19% and 21%.
- Non-GAAP (loss) income from operations for the full year 2021 is projected to be between $12.0 million and $16.0 million.
Challenges Ahead
- Non-GAAP (loss) income from operations for Q1 2021 is expected to be between $(0.7) million and $0.3 million.
- Non-GAAP net (loss) income per share for Q1 2021 is expected to be between $(0.08) and $(0.06).
- Non-GAAP net (loss) income per share for the full year 2021 is projected to be between $(0.03) and $0.04.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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