Rapid7 Q4 2020 Earnings Report
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.
Rapid7
Rapid7
Rapid7 Revenue by Segment
Rapid7 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.
- The weighted average shares outstanding for Q1 2021 are expected to be 52.5 million.
- The weighted average shares outstanding for the full year 2021 are expected to be between 53.5 million and 56.4 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income