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Oct 31, 2025
Rubrik Inc Q3 2026 Earnings Report
Rubrik Inc. reported strong third quarter fiscal year 2026 financial results, exceeding all guided metrics with significant growth in subscription ARR and revenue.
Key Takeaways
Rubrik Inc. delivered an exceptional third quarter for fiscal year 2026, surpassing all key performance metrics. The company achieved record net new subscription ARR and strong free cash flow generation, driven by increasing demand for its data protection, cyber resilience, and enterprise AI acceleration solutions. Subscription ARR grew 34% year-over-year to $1.35 billion, and total revenue increased by 48% year-over-year to $350.2 million.
Subscription ARR grew 34% year-over-year, reaching $1.35 billion as of October 31, 2025.
Total revenue increased by 48% year-over-year to $350.2 million, with subscription revenue up 52% to $336.4 million.
GAAP gross margin improved to 80.5% from 76.2% in the prior year, and non-GAAP gross margin reached 82.8%.
Cash flow from operations was $85.5 million, and free cash flow was $76.9 million, demonstrating strong liquidity.
Revenue by Segment
Forward Guidance
Rubrik provided guidance for the fourth quarter and full fiscal year 2026, anticipating continued growth in revenue and subscription ARR, while managing profitability.
Positive Outlook
- Fourth quarter fiscal 2026 revenue is projected to be between $341 million and $343 million.
- Full year fiscal 2026 subscription ARR is expected to be between $1,439 million and $1,443 million.
- Full year fiscal 2026 revenue is projected to be between $1,280 million and $1,282 million.
- Non-GAAP subscription ARR contribution margin for both Q4 and full year 2026 is expected to be approximately 9%.
- Full year fiscal 2026 free cash flow is projected to be between $194 million and $202 million.
Challenges Ahead
- Fourth quarter fiscal 2026 non-GAAP net loss per share is expected to be between $(0.12) and $(0.10).
- Full year fiscal 2026 non-GAAP net loss per share is expected to be between $(0.20) and $(0.16).
- The company acknowledges that forward-looking statements are subject to numerous uncertainties and risks beyond its control.
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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