Rubrik Inc.
Rubrik Reports Strong Second Quarter FY25 Results and Raises Guidance
Summary
On September 9, 2024, Rubrik, Inc. announced its financial results for the second quarter of fiscal year 2025, reporting a 35% year-over-year increase in revenue to $205.0 million, and a 40% year-over-year increase in Subscription Annual Recurring Revenue (ARR) to $919.1 million. The company also raised its full-year guidance across all metrics. Despite these strong results, Rubrik reported a GAAP net loss of $176.93 million for the quarter, primarily driven by stock-based compensation expenses. Non-GAAP net loss was $(71.1) million. Additionally, Rubrik expanded its customer base, with 1,969 customers contributing $100K or more in Subscription ARR, up 35% year-over-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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