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 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $209.69M | - | $217.96M | $214.19M | $210.25M | - | $214.65M | $207.99M | $205.10M | - |
| Cost of Revenue | $64.75M | - | $64.98M | $63.06M | $59.48M | - | $63.02M | $60.85M | $60.90M | - |
| Gross Profit | $144.94M | - | $152.98M | $151.13M | $150.77M | - | $151.64M | $147.14M | $144.20M | - |
| R&D | $48.35M | - | $46.91M | $47.23M | $47.89M | - | $44.56M | $40.06M | $40.99M | - |
| SG&A | $18.21M | - | $20.86M | $21.17M | $23.59M | - | $18.59M | $22.41M | $19.84M | - |
| Total Operating Expenses | $145.50M | - | $147.07M | $147.64M | $150.87M | - | $137.68M | $140.26M | $133.63M | - |
| D&A | $11.21M | - | $2.30M | $2.30M | $11.66M | - | $2.70M | $2.80M | $11.35M | - |
| Operating Income | ($558.0K) | - | $5.90M | $3.49M | ($101.0K) | - | $13.96M | $6.88M | $10.57M | - |
| Interest Expense | $2.50M | - | $2.58M | $2.63M | $2.67M | - | $2.84M | $2.77M | $2.67M | - |
| Income Tax | $700.0K | - | ($497.0K) | $2.00M | $2.70M | - | $2.95M | $538.0K | $8.93M | - |
| Net Income | $1.13M | - | $9.81M | $8.34M | $2.10M | - | $16.55M | $8.20M | $2.26M | - |
| EPS - Basic | $0.02 | - | $0.15 | $0.13 | $0.03 | - | $0.26 | $0.13 | $0.04 | - |
| EPS - Diluted | $0.02 | - | $0.15 | $0.13 | $0.03 | - | $0.22 | $0.11 | $0.03 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $343.29M | $246.66M | $130.61M | $261.33M | $291.46M | $334.69M | $222.57M | $236.97M | $198.72M | $213.63M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $12.30M | $11.04M | $15.57M | $15.94M | $12.32M | $18.91M | $6.00M | $12.82M | $11.52M | $15.81M |
| Current Assets | $900.35M | $737.29M | $635.02M | $754.52M | $732.64M | $786.11M | $672.62M | $674.39M | $625.87M | $634.45M |
| Total Assets | $1.72B | $1.73B | $1.67B | $1.65B | $1.64B | $1.65B | $1.57B | $1.53B | $1.49B | $1.51B |
| Current Liabilities | $1.15B | $575.37M | $535.01M | $555.94M | $589.15M | $630.22M | $573.63M | $578.61M | $524.07M | $569.79M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $1.54B | $1.57B | $1.54B | $1.56B | $1.59B | $1.63B | $1.58B | $1.58B | $1.57B | $1.62B |
| Stockholders' Equity | $174.77M | $154.73M | $127.22M | $90.45M | $52.72M | $17.71M | ($6.30M) | ($52.92M) | ($86.45M) | ($118.18M) |
| Retained Earnings | ($963.52M) | ($964.65M) | ($967.78M) | ($977.59M) | ($985.93M) | ($988.03M) | ($983.00M) | ($999.55M) | ($1.01B) | ($1.01B) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $39.82M | - | - | - | $29.76M | - | - | - | $31.07M | - |
| Investing Cash Flow | $55.26M | - | - | - | ($79.21M) | - | - | - | ($41.69M) | - |
| Financing Cash Flow | $2.63M | - | - | - | $4.73M | - | - | - | $4.36M | - |
| CapEx | $2.08M | - | - | - | $1.36M | - | - | - | $620.0K | - |
| Free Cash Flow | $37.74M | - | - | - | $28.40M | - | - | - | $30.45M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 69.1% | - | 70.2% | 70.6% | 71.7% | - | 70.6% | 70.7% | 70.3% | - |
| Operating margin | -0.3% | - | 2.7% | 1.6% | -0.0% | - | 6.5% | 3.3% | 5.2% | - |
| EBITDA margin | 5.1% | - | 3.8% | 2.7% | 5.5% | - | 7.8% | 4.7% | 10.7% | - |
| Net margin | 0.5% | - | 4.5% | 3.9% | 1.0% | - | 7.7% | 3.9% | 1.1% | - |
| Free cash flow margin | 18.0% | - | - | - | 13.5% | - | - | - | 14.8% | - |
| FCF / Net income | 33.39 | - | - | - | 13.49 | - | - | - | 13.49 | - |
| R&D / Revenue | 23.1% | - | 21.5% | 22.0% | 22.8% | - | 20.8% | 19.3% | 20.0% | - |
| SG&A / Revenue | 8.7% | - | 9.6% | 9.9% | 11.2% | - | 8.7% | 10.8% | 9.7% | - |
| Effective tax rate | 38.3% | - | -5.3% | 19.3% | 56.2% | - | 15.1% | 6.2% | 79.8% | - |
| Return on assets | 0.1% | - | 0.6% | 0.5% | 0.1% | - | 1.1% | 0.5% | 0.2% | - |
| Return on equity | 0.6% | - | 7.7% | 9.2% | 4.0% | - | -262.6% | -15.5% | -2.6% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 0.78 | 1.28 | 1.19 | 1.36 | 1.24 | 1.25 | 1.17 | 1.17 | 1.19 | 1.11 |
| Quick ratio | 0.78 | 1.28 | 1.19 | 1.36 | 1.24 | 1.25 | 1.17 | 1.17 | 1.19 | 1.11 |
| Cash ratio | 0.30 | 0.43 | 0.24 | 0.47 | 0.49 | 0.53 | 0.39 | 0.41 | 0.38 | 0.37 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -0.2x | - | 2.3x | 1.3x | -0.0x | - | 4.9x | 2.5x | 4.0x | - |
| Equity multiplier | 9.84 | 11.16 | 13.10 | 18.23 | 31.20 | 93.28 | -249.77 | -28.85 | -17.22 | -12.74 |
| Liabilities / Assets | 0.90 | 0.91 | 0.92 | 0.95 | 0.97 | 0.99 | 1.00 | 1.03 | 1.06 | 1.08 |
| Efficiency | ||||||||||
| Asset turnover | 0.12 | - | 0.13 | 0.13 | 0.13 | - | 0.14 | 0.14 | 0.14 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 69d | - | 87d | 92d | 76d | - | 35d | 77d | 69d | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 275.5x | - | 125.0x | 177.9x | 883.7x | - | 181.3x | 393.0x | 1634.7x | - |
| P / B | 2.1x | - | 9.6x | 16.5x | 32.3x | - | - | - | - | - |
| P / S | 1.8x | - | 5.6x | 7.0x | 8.1x | - | 13.9x | 15.4x | 17.7x | - |
| EV / EBITDA | 2.4x | - | 133.1x | 213.2x | 122.0x | - | 165.1x | 307.1x | 156.6x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -0.3% | - | 1.5% | 3.0% | 2.5% | - | 8.0% | 9.2% | 12.0% | - |
| Revenue CAGR (3y) | 4.6% | - | 7.4% | 8.6% | 10.1% | - | 15.3% | 18.1% | 20.4% | - |
| Revenue CAGR (5y) | 12.3% | - | 15.7% | 16.7% | 17.4% | - | 20.9% | 21.4% | 22.9% | - |
| Gross profit growth (YoY) | -3.9% | - | 0.9% | 2.7% | 4.6% | - | 7.5% | 11.3% | 13.4% | - |
| Operating income growth (YoY) | -452.5% | - | -57.7% | -49.2% | - | - | - | - | - | - |
| Net income growth (YoY) | -46.3% | - | -40.7% | 1.7% | -6.8% | - | - | - | - | - |
| EPS growth (YoY) | -33.3% | - | -31.8% | 18.2% | 0.0% | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | 32.9% | - | - | - | -6.7% | - | - | - | 756.1% | - |
| FCF CAGR (5y) | 14.0% | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 231.5% | 773.6% | - | - | - | - | 96.1% | 52.3% | 21.5% | 1.6% |
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%
Peer comparison
Same SIC group: Services-Prepackaged Software
Comparing Rapid7 against the 5 most active filers in the same SIC group.