Rubrik Inc.
Rubrik Reports Strong Q1 FY 2025 Financial Results
Summary
Rubrik, Inc. announced its financial results for the first quarter of fiscal year 2025, reporting a 46% year-over-year increase in Subscription Annual Recurring Revenue (ARR) to $856.1 million. The company's total revenue grew by 38% to $187.3 million, and it had 1,859 customers with $100K or more in Subscription ARR, up 41% year-over-year. The company also announced strategic partnerships and new service launches. Rubrik provided an outlook for the second quarter and full fiscal year 2025, projecting revenue of $195 million to $197 million for Q2 and $810 million to $824 million for the full year.
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About Rubrik Inc.
Rubrik Inc. is a cloud data management company specializing in providing data backup, recovery, and cloud-phased infrastructure solutions. The primary function of Rubrik is to streamline the data protection process through automated backup and recovery measures across hybrid cloud environments. Rubrik has significantly impacted industries such as healthcare, financial services, and government by ensuring data security and compliance with regulatory standards. The company's integrated platform enables enterprises to manage data spat with ease, offering protection against data breaches and ransomware attacks. By providing a centrally administered system that simplifies management while ensuring data immutability, Rubrik empowers businesses with the flexibility and scalability necessary for efficient data handling. The company plays a vital role in the financial market by addressing the growing need for efficient data management solutions, thus enabling corporations to focus on strategic growth while safeguarding their data assets.
Official SEC Documents
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