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Rubrik, Inc. Class A (RBRK)
NYSE:RBRK
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Rubrik, Inc. Class A
(NYSE:RBRK)
57Neutral
Positive Factors
Earnings
RBRK reported an even better than expected F4Q with Subscription ARR of $1.093B growing by a strong 39% Y/Y, significantly above the Street's 35% forecast.
Market Position
Rubrik is viewed as a leading data security vendor that can uniquely fill the gap between backup and security markets.
Product Development
Management highlighted that its new Identity Provider Protection and Orchestrated AD Forest Recovery products have shown strong early enterprise traction, representing sizable longer-term market opportunities.
Negative Factors
Financial Outlook
Management expects Subscription ARR growth of 24% Y/Y and 30% revenue growth in FY26, which is a wider gap than historical trends.
Price Target
The price target was modestly lowered to $75 from $82 given recent comp multiple compression.
Rubrik, Inc. Class A (RBRK) vs. S&P 500 (SPY)
Market Cap
$13.02B
Dividend YieldN/A
Average Volume (3M)2.26M
Price to Earnings (P/E)―
Beta (1Y)1.90
Revenue Growth41.19%
EPS Growth-220.59%
CountryUS
Employees3,100
SectorGeneral
Sector StrengthN/A
IndustrySoftware
Share Statistics
EPS (TTM)-6.45
Shares Outstanding103,167,990
10 Day Avg. Volume3,135,340
30 Day Avg. Volume2,257,433
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)16.22
Price to Cash Flow (P/CF)136.70
P/FCF Ratio202.90
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$80.69Price Target Upside18.33% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering17
Rubrik, Inc. Class A Business Overview & Revenue Model
Company DescriptionRubrik, Inc. Class A (RBRK) is a cloud data management and enterprise backup software company. It operates within the technology sector, focusing on providing solutions for data backup, recovery, archive, and cloud management. The company's core products and services enable businesses to protect and manage their data across hybrid cloud environments, simplify data backup and recovery processes, and ensure data compliance and security.
How the Company Makes MoneyRubrik, Inc. generates revenue primarily through the sale of its software solutions and services. The company's revenue model is based on a combination of software licensing, subscription services, and support offerings. Key revenue streams include direct sales of its cloud data management platform to enterprises, as well as through partnerships with managed service providers and resellers. Rubrik also earns from professional services that assist customers in implementing and optimizing their data management solutions. Significant factors contributing to its earnings include the growing demand for robust data protection solutions, the increasing adoption of cloud technologies, and strong partnerships with cloud service providers like Microsoft Azure and Amazon Web Services (AWS).
Rubrik, Inc. Class A Financial Statement Overview
Summary
Rubrik, Inc. demonstrates strong revenue growth but faces challenges with profitability and financial stability. The company has improved its cash flow position despite ongoing losses. However, negative equity and high leverage present significant risks. Continued focus on improving operational efficiencies and profitability is crucial for future financial health.Income Statement
Rubrik, Inc. has shown significant revenue growth with an increase from $627.89M in 2024 to $886.54M in TTM (Trailing-Twelve-Months), representing a robust growth rate. However, the company is struggling with profitability as indicated by the negative net profit margin of -130.22% and a negative EBIT margin of -127.89%. The gross profit margin stands strong at 70.03%, but high operating losses remain a concern.45
Neutral
Balance Sheet
The balance sheet reflects a challenging financial position with negative stockholders' equity of -$553.73M in TTM. Despite having no total debt in TTM, the equity ratio is -38.92%, indicating a highly leveraged position. The company also has a negative return on equity, highlighting inefficiencies in generating returns on shareholders' investments.30
Negative
Cash Flow
Cash flow analysis reveals some strengths, such as positive operating cash flow of $48.22M in TTM and a significant improvement from negative free cash flow in prior years to positive $26.78M. The operating cash flow to net income ratio is positive at 0.04, indicating some ability to generate cash despite negative net income.50
Neutral
| Breakdown | ||||
| TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 886.54M | 627.89M | 0.00 | 0.00 | 0.00 | Gross Profit |
| 620.80M | 482.93M | 0.00 | 0.00 | 0.00 | EBIT |
| -1.13B | -306.51M | 0.00 | -228.22M | 0.00 | EBITDA |
| -1.08B | -196.34M | 0.00 | -228.22M | 0.00 | Net Income Common Stockholders |
| -1.15B | -354.16M | 0.00 | 0.00 | 0.00 |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 705.14M | 279.25M | 295.91M | 138.81M | 217.31M | Total Assets |
| 1.42B | 873.61M | 769.18M | 518.98M | 509.92M | Total Debt |
| 0.00 | 309.29M | 216.04M | 33.21M | 5.97M | Net Debt |
| -186.33M | 179.26M | 80.24M | -37.80M | -114.12M | Total Liabilities |
| 1.98B | 1.58B | 1.14B | 623.61M | 430.04M | Stockholders Equity |
| -553.73M | -704.54M | -372.62M | -104.63M | 79.87M |
| Cash Flow | Free Cash Flow | |||
| 26.78M | -16.85M | -15.01M | -103.23M | -74.62M | Operating Cash Flow |
| 48.22M | -4.52M | 19.29M | -82.78M | -58.74M | Investing Cash Flow |
| -383.44M | -93.62M | -125.19M | 8.42M | -1.60M | Financing Cash Flow |
| 398.03M | 95.95M | 171.82M | 22.87M | 137.51M |
Rubrik, Inc. Class A Technical Analysis
Positive
68.19
Price Trends
68.46
Negative
61.90
Positive
47.69
Positive
Market Momentum
<0.01
Negative
53.15
Neutral
87.67
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RBRK, the sentiment is Positive. The current price of 68.19 is above the 20-day moving average (MA) of 63.37, below the 50-day MA of 68.46, and above the 200-day MA of 47.69, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 53.15 is Neutral, neither overbought nor oversold. The STOCH value of 87.67 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for RBRK.
Rubrik, Inc. Class A Peers Comparison
Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $120.71B | 103.00 | 23.38% | ― | 13.86% | -46.44% | |
73 Outperform | $31.49B | ― | -1.21% | ― | 27.77% | 89.39% | |
73 Outperform | $89.79B | 721.64 | -0.69% | ― | 29.39% | -119.62% | |
69 Neutral | $19.48B | ― | 6.85% | ― | 14.82% | 14.06% | |
57 Neutral | $52.28B | ― | -31.43% | ― | 29.21% | -51.47% | |
57 Neutral | $13.02B | ― | 218.28% | ― | 41.19% | -220.59% | |
55 Neutral | $4.79B | -12.18 | -1.05% | 4.95% | 29.08% | -73.94% |
* General Sector Average
Performance Comparison
RBRK
Rubrik, Inc. Class A
68.19
30.19
79.45%
PANW
Palo Alto Networks
182.32
39.78
27.91%
NTNX
Nutanix
73.04
9.42
14.81%
ZS
Zscaler
205.20
11.13
5.74%
CRWD
CrowdStrike Holdings
362.24
37.48
11.54%
SNOW
Snowflake
158.39
0.25
0.16%
Rubrik, Inc. Class A Earnings Call Summary
Earnings Call Date: Mar 13, 2025 | % Change Since: 23.35% | Next Earnings Date: Jun 17, 2025
Earnings Call Sentiment Positive
The earnings call highlighted strong financial performance, significant growth in subscription ARR, and improved profitability. However, there is some caution in the outlook for fiscal 2026 with a moderation in net new ARR growth. Overall, the company shows robust growth and strategic positioning in the cyber resilience market.Highlights
Strong Subscription ARR Growth
Subscription ARR reached $1.093 billion, growing 39% year over year, with net new subscription ARR of over $90 million in Q4.
Subscription Revenue Surge
Subscription revenue was $244 million, growing 54% year over year.
High Customer Retention and Expansion
Subscription NRR remained strong above 120%, with customers spending $100k or more in subscription ARR growing 29% year over year.
Improved Profitability
Material improvement in subscription ARR contribution margin, up over 1,400 basis points year over year.
Free Cash Flow Growth
Reported over $75 million in free cash flow for the quarter and approximately $22 million for the full fiscal year.
Exceptional Revenue Growth
Total revenue grew 47% year over year.
Strategic Partnerships and Customer Wins
Notable customer wins and partnerships, including a European insurance company and a Fortune 50 organization.
Lowlights
Guidance for Net New ARR Growth Moderation
Guidance for fiscal 2026 suggests net new ARR growth at 24%, lower than fiscal 2025 growth.
Billings Duration Compression
Experienced mid to high single digits compression in billings duration year over year.
Company Guidance
In the fourth quarter of fiscal year 2025, Rubrik, Inc. surpassed all guided metrics, showcasing substantial growth and profitability. Subscription ARR reached $1.093 billion, marking a 39% year-over-year increase, with net new subscription ARR exceeding $90 million. Subscription revenue grew to $244 million, a 54% increase from the previous year. The company maintained a strong subscription NRR above 120% and saw customers with $100k or more in subscription ARR grow by 29% to 2,246, while those with $1 million or more increased by 64% to 162. Rubrik also improved its subscription ARR contribution margin by over 1,400 basis points year-over-year. On the cash front, Rubrik generated over $75 million in free cash flow this quarter and $22 million for the full fiscal year, achieving a 29% free cash flow margin. Total revenue climbed 47% year-over-year, reflecting the company's robust performance in the cyber resilience market. Looking forward, Rubrik is guiding fiscal 2026 numbers ahead of consensus, indicating confidence in continued growth driven by strategic investments, product innovation, and market demand for cyber resilience solutions.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.