RPD · Rapid7, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $859.79M | $844.01M | $777.71M | $685.08M | $535.40M | $411.49M |
| Cost of Revenue | $255.04M | $251.03M | $231.74M | $214.35M | $168.95M | $121.52M |
| Gross Profit | $604.75M | $592.97M | $545.97M | $470.73M | $366.46M | $289.97M |
| R&D | $190.66M | $173.13M | $176.78M | $189.97M | $160.78M | $108.57M |
| SG&A | $84.86M | $86.00M | $84.28M | $84.97M | $78.29M | $59.52M |
| Total Operating Expenses | $593.19M | $557.94M | $626.70M | $582.35M | $486.52M | $364.07M |
| D&A | $45.44M | $44.89M | $45.94M | $41.04M | $33.50M | $22.63M |
| Operating Income | $11.57M | $35.03M | ($80.73M) | ($111.61M) | ($120.06M) | ($74.10M) |
| Interest Expense | $10.44M | $10.96M | $64.70M | $10.98M | $14.29M | $24.14M |
| Income Tax | $6.80M | $15.93M | ($518.0K) | $2.41M | $10.42M | $1.99M |
| Net Income | $23.38M | $25.53M | ($149.26M) | ($124.72M) | ($146.33M) | ($98.85M) |
| EPS - Basic | $0.36 | $0.41 | ($2.46) | ($2.13) | ($1.94) | - |
| EPS - Diluted | $0.36 | $0.40 | ($2.46) | ($2.13) | ($1.94) | - |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $246.66M | $334.69M | $213.63M | $207.29M | $164.58M | $173.62M |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | $11.04M | $18.91M | $15.81M | $10.26M | $3.52M | $3.86M |
| Current Assets | $737.29M | $786.11M | $634.45M | $510.31M | $432.74M | $473.44M |
| Total Assets | $1.73B | $1.65B | $1.51B | $1.36B | $1.30B | $913.12M |
| Current Liabilities | $575.37M | $630.22M | $569.79M | $531.27M | $468.68M | $353.73M |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $1.57B | $1.63B | $1.62B | $1.48B | $1.42B | $841.59M |
| Stockholders' Equity | $154.73M | $17.71M | ($118.18M) | ($120.07M) | ($126.00M) | $71.54M |
| Retained Earnings | ($964.65M) | ($988.03M) | ($1.01B) | ($860.75M) | ($736.03M) | ($617.28M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $153.83M | $171.67M | $104.28M | $78.20M | $53.92M | $4.89M |
| Investing Cash Flow | ($209.44M) | ($46.52M) | ($178.75M) | ($39.99M) | ($325.38M) | ($156.29M) |
| Financing Cash Flow | ($45.50M) | $5.58M | $79.60M | $7.42M | $264.13M | $200.93M |
| CapEx | $7.60M | $3.42M | $4.37M | $20.38M | $9.01M | $13.80M |
| Free Cash Flow | $146.23M | $168.25M | $99.91M | $57.82M | $44.91M | ($8.91M) |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 70.3% | 70.3% | 70.2% | 68.7% | 68.4% | 70.5% |
| Operating margin | 1.3% | 4.2% | -10.4% | -16.3% | -22.4% | -18.0% |
| EBITDA margin | 6.6% | 9.5% | -4.5% | -10.3% | -16.2% | -12.5% |
| Net margin | 2.7% | 3.0% | -19.2% | -18.2% | -27.3% | -24.0% |
| Free cash flow margin | 17.0% | 19.9% | 12.8% | 8.4% | 8.4% | -2.2% |
| FCF / Net income | 6.25 | 6.59 | -0.67 | -0.46 | -0.31 | 0.09 |
| R&D / Revenue | 22.2% | 20.5% | 22.7% | 27.7% | 30.0% | 26.4% |
| SG&A / Revenue | 9.9% | 10.2% | 10.8% | 12.4% | 14.6% | 14.5% |
| Effective tax rate | 22.5% | 38.4% | - | - | - | - |
| Return on assets | 1.4% | 1.5% | -9.9% | -9.2% | -11.3% | -10.8% |
| Return on equity | 15.1% | 144.1% | 126.3% | 103.9% | 116.1% | -138.2% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 1.28 | 1.25 | 1.11 | 0.96 | 0.92 | 1.34 |
| Quick ratio | 1.28 | 1.25 | 1.11 | 0.96 | 0.92 | 1.34 |
| Cash ratio | 0.43 | 0.53 | 0.37 | 0.39 | 0.35 | 0.49 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | 1.1x | 3.2x | -1.2x | -10.2x | -8.4x | -3.1x |
| Equity multiplier | 11.16 | 93.28 | -12.74 | -11.32 | -10.29 | 12.76 |
| Liabilities / Assets | 0.91 | 0.99 | 1.08 | 1.09 | 1.10 | 0.92 |
| Efficiency | ||||||
| Asset turnover | 0.50 | 0.51 | 0.52 | 0.50 | 0.41 | 0.45 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | 16d | 27d | 25d | 17d | 8d | 12d |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 42.2x | 100.6x | - | - | - | - |
| P / B | 6.4x | 143.5x | - | - | - | - |
| P / S | 1.1x | 3.0x | 4.5x | 2.9x | 11.2x | - |
| EV / EBITDA | 13.0x | 27.6x | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 1.9% | 8.5% | 13.5% | 28.0% | 30.1% | 25.9% |
| Revenue CAGR (3y) | 7.9% | 16.4% | 23.6% | 28.0% | 29.9% | 27.0% |
| Revenue CAGR (5y) | 15.9% | 20.9% | 26.1% | 27.8% | 27.7% | 39.9% |
| Gross profit growth (YoY) | 2.0% | 8.6% | 16.0% | 28.5% | 26.4% | 23.0% |
| Operating income growth (YoY) | -67.0% | - | 27.7% | 7.0% | -62.0% | -61.1% |
| Net income growth (YoY) | -8.4% | - | -19.7% | 14.8% | -48.0% | -83.6% |
| EPS growth (YoY) | -10.0% | - | -15.5% | -9.8% | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | -13.1% | 68.4% | 72.8% | 28.8% | - | 71.1% |
| FCF CAGR (5y) | - | - | - | 46.9% | 57.6% | - |
| Book value growth (YoY) | 773.6% | - | 1.6% | 4.7% | - | -14.0% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$859.79M totalReportable Segments$859.79M · 100.0%
Product / service
$859.79M totalProduct$831.33M · 96.7%
Service$28.47M · 3.3%
Geographic
$859.79M totalUS$612.23M · 71.2%
Non Us$247.57M · 28.8%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
0.15
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
5/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✓Current ratio improved
- ✗No share dilution
- ✓Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Services-Prepackaged Software
Comparing Rapid7 against the 5 most active filers in the same SIC group.