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Jul 31, 2024
Rubrik Inc Q2 2025 Earnings Report
Rubrik's financial results for Q2 2025 were reported, demonstrating strong growth and improved operational efficiency.
Key Takeaways
Rubrik reported a strong second quarter, exceeding expectations across all guided metrics. Subscription ARR grew 40% year-over-year to $919.1 million, and revenue increased by 35% year-over-year to $205.0 million. The company also raised its full-year guidance across all metrics.
Subscription ARR increased by 40% year-over-year, reaching $919.1 million.
Total revenue grew 35% year-over-year to $205.0 million.
Rubrik had 1,969 customers with Subscription ARR of $100,000 or more, up 35% year-over-year.
The company was recognized as a Leader in the 2024 Gartner Magic Quadrant for Enterprise Backup and Recovery Software Solutions for the 5th consecutive year.
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 third quarter of fiscal year 2025 and the full fiscal year 2025.
Positive Outlook
- Third Quarter Fiscal 2025 Revenue of $216.5 million to $218.5 million.
- Third Quarter Fiscal 2025 Non-GAAP EPS of $(0.41) to $(0.39).
- Full Year 2025 Subscription ARR between $1,026 million and $1,032 million.
- Full Year 2025 Revenue of $830 million to $838 million.
- Full Year 2025 Non-GAAP EPS of $(2.12) to $(2.06).
Challenges Ahead
- Third Quarter Fiscal 2025 Non-GAAP Subscription ARR contribution margin of approximately (8)% to (7)%.
- Third Quarter Fiscal 2025 Weighted-average shares outstanding of approximately 185 million.
- Full Year 2025 Non-GAAP Subscription ARR contribution margin of approximately (7)% to (6)%.
- Full Year 2025 Weighted-average shares outstanding of approximately 155 million.
- Full Year 2025 Free cash flow of $(67) million to $(57) million, including $23 million of one-time payroll taxes related to the public offering.
Revenue & Expenses
Visualization of income flow from segment revenue to net income