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Apr 30, 2024
Rubrik Inc Q1 2025 Earnings Report
Rubrik's Q1 2025 results showed strong subscription ARR growth and overall revenue increase, although profitability metrics were impacted by stock-based compensation expenses related to the IPO.
Key Takeaways
Rubrik reported a strong start to fiscal year 2025 with a 46% year-over-year increase in Subscription ARR, reaching $856.1 million. Total revenue grew by 38% year-over-year to $187.3 million. However, GAAP net loss per share was $(11.48), impacted by significant stock-based compensation expenses related to the company's IPO.
Subscription ARR increased by 46% year-over-year, reaching $856.1 million.
Total revenue grew by 38% year-over-year to $187.3 million.
The company had 1,859 customers with $100K or more in Subscription ARR, up 41% year-over-year.
GAAP net loss per share was $(11.48), impacted by stock-based compensation expenses related to the IPO.
Rubrik Inc
Rubrik Inc
Rubrik Inc Revenue by Segment
Revenue by Segment
Subscription Revenue
CapyFin.comMaintenance Revenue
CapyFin.comOther Services Revenue
CapyFin.com Forward Guidance
Rubrik provided guidance for the second quarter and full fiscal year 2025, including revenue, Non-GAAP Subscription ARR contribution margin, and Non-GAAP EPS.
Positive Outlook
- Second Quarter Fiscal 2025 Revenue is expected to be $195 million to $197 million.
- Full Year 2025 Revenue is expected to be $810 million to $824 million.
- Full Year 2025 Subscription ARR is expected to be between $983 million and $997 million.
- Second Quarter Fiscal 2025 Non-GAAP EPS is expected to be $(0.50) to $(0.48).
- Full Year 2025 Non-GAAP EPS is expected to be $(2.35) to $(2.25).
Challenges Ahead
- Second Quarter Fiscal 2025 Non-GAAP Subscription ARR contribution margin is expected to be approximately (13.5)% to (12.5)%.
- Full Year 2025 Non-GAAP Subscription ARR contribution margin is expected to be approximately (12.5)% to (11.5)%.
- Full Year 2025 Free cash flow is expected to be $(115) million to $(95) million, including $23 million of one-time payroll taxes related to the public offering.
- Weighted-average shares outstanding for the second quarter of fiscal year 2025 is expected to be approximately 179 million.
- Weighted-average shares outstanding for the full year of fiscal year 2025 is expected to be approximately 154 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income