Rapid7 (RPD) Company Report

Rapid7 exceeded its Q4 2025 guidance for ARR, revenue, and profitability, ending fiscal 2025 with $840 million in ARR and $860 million in total revenue.
For the full year 2025, the company reported $859.8 million in total revenue (1.9% year-over-year growth), $135.7 million in non-GAAP operating income (15.8% margin), and $130 million in free cash flow.
Rapid7 provided Q1 2026 guidance, expecting ARR of approximately $830 million (down 1% year-over-year), total revenue between $207 million and $209 million (down 1% year-over-year at midpoint), and non-GAAP EPS in the range of $0.29 to $0.32.
The company made strategic investments in AI-enabled security operations and is focusing on its MDR offering and Exposure Command platform, with Detection and Response (DNR) ARR growing 7% year-over-year.
Rapid7 will not provide full-year ARR guidance for 2026 due to ongoing organizational changes and new leadership, but will provide full-year revenue guidance.

Feb 10, 2026, 9:30 PM

Transcript

Rapid7 Reports Q4 and Full-Year 2025 Results, Provides 2026 Guidance

RPD

Earnings

Guidance Update

Management Change

Rapid7 exceeded its Q4 2025 guidance, reporting $217.4 million in revenue and $839.9 million in ending Annual Recurring Revenue (ARR), with non-GAAP operating income of $30.1 million and non-GAAP earnings per diluted share of $0.44.
For the full year 2025, the company achieved $859.8 million in total revenue, $135.7 million in non-GAAP operating income, and generated $130 million in free cash flow.
Rapid7 provided Q1 2026 guidance, expecting ARR of approximately $830 million (down 1% year-over-year) and total revenue between $207-$209 million. For the full year 2026, total revenue is projected to be $835-$843 million, with non-GAAP earnings per share of $1.50-$1.60.
The company made strategic investments in 2025 to enhance its AI-enabled security operations, focusing on its industry-leading Managed Detection and Response (MDR) offering and the Exposure Command platform, which saw sustained new deal activity and rapid adoption.
Rafe Brown joined as the new CFO in early December 2025, and Rapid7 is implementing significant go-to-market changes and leadership team build-outs, though the benefits of these changes are not anticipated to impact Q1 2026 results.

Feb 10, 2026, 9:30 PM

Transcript

Rapid7 Announces Q4 2025 Results and FY 2026 Guidance

RPD

Earnings

Guidance Update

Demand Weakening

Rapid7 reported Annualized Recurring Revenue (ARR) of $840 million for Q4 2025, which was flat year-over-year.
The company achieved over $130 million in Free Cash Flow for the full year 2025.
For Q1 2026, Rapid7 anticipates revenue between $207 million and $209 million and non-GAAP net income per share between $0.29 and $0.32.
Full-year FY 2026 guidance projects revenue of $835 million to $843 million and free cash flow of $125 million to $135 million.

Feb 10, 2026, 9:30 PM

Presentation

Rapid7 Exceeds Q4 2025 Guidance, Provides Q1 2026 Outlook, and Highlights AI Investments

RPD

Earnings

Guidance Update

New Projects/Investments

Rapid7 exceeded its Q4 2025 guidance, reporting $839.9 million in ARR and $217.4 million in total revenue for the quarter, contributing to a full-year 2025 revenue of $859.8 million.
The company demonstrated strong profitability and cash generation in FY 2025, with $135.7 million in non-GAAP operating income, $130 million in free cash flow, and non-GAAP earnings per diluted share of $2.08.
For Q1 2026, Rapid7 expects ARR of approximately $830 million (down 1% year-over-year) and total revenue between $207 million and $209 million (down 1% year-over-year at the midpoint), but will not provide full-year ARR guidance for 2026 due to ongoing strategic and organizational changes.
Rapid7 is making significant strategic investments in AI-enabled security operations and has appointed Rafe Brown as its new CFO, ending 2025 with a strong balance sheet of over $659 million in cash and equivalents.

Feb 10, 2026, 9:30 PM

Transcript

Rapid7 Announces Fourth Quarter and Full-Year 2025 Financial Results

RPD

Earnings

Guidance Update

Demand Weakening

Rapid7 reported full-year 2025 revenue of $860 million, an increase of 2% year-over-year, and Q4 2025 revenue of $217 million, up 1% year-over-year.
For the full year 2025, GAAP net income per diluted share was $0.36 and non-GAAP net income per diluted share was $2.08.
Annualized recurring revenue (ARR) stood at $840 million as of Q4 2025.
The company generated $130 million in free cash flow for the full year 2025.
Rapid7 provided full-year 2026 revenue guidance of $835 million to $843 million (representing a (3)% to (2)% year-over-year decline) and non-GAAP net income per share guidance of $1.50 to $1.60.

Feb 10, 2026, 9:07 PM

8-K

Rapid7 Announces Fourth Quarter and Full-Year 2025 Financial Results

RPD

Earnings

Guidance Update

Rapid7 reported fourth quarter 2025 revenue of $217 million, an increase of 1% year-over-year, with non-GAAP net income of $32.1 million or $0.44 per diluted share.
For the full year 2025, total revenue reached $860 million, up 2% year-over-year, and non-GAAP net income was $151.8 million or $2.08 per diluted share.
The company's annualized recurring revenue (ARR) stood at $840 million as of December 31, 2025, which was flat year-over-year.
Rapid7 issued full-year 2026 guidance, anticipating revenue between $835 million and $843 million, and non-GAAP net income per share between $1.50 and $1.60.

Feb 10, 2026, 9:05 PM

Press Release

Rapid7 Discusses Strategic Direction, New CFO, and Financial Outlook

RPD

CFO Change

New Projects/Investments

Guidance Update

Rafe Brown recently joined as CFO (seven days on the job as of the conference), succeeding Tim, and is tasked with driving operational execution and improving investor communication.
Rapid7's core strategy is to be a premier partner for outsourcing security workloads, with a strong focus on AI-driven Managed Detection and Response (MDR), which accounts for over half of its business and is growing in the teens.
Growth will be driven by expanding existing MDR offerings, adding new AI-managed services, and increasing Annual Recurring Revenue (ARR) per customer, with a new Chief Commercial Officer focused on this.
The company has achieved mid-teen non-GAAP operating margins and expects further efficiencies from investments, while maintaining a comfortable capital structure with sufficient liquidity for upcoming convertible debt obligations.
Rapid7 is adapting its go-to-market strategy to target larger enterprise customers and plans to provide more transparent communication on performance across its product and service lines.

Dec 8, 2025, 8:40 PM

Transcript

Rapid7 Discusses Strategic Direction, CFO Transition, and Financial Outlook at Raymond James Conference

RPD

CFO Change

New Projects/Investments

Revenue Acceleration/Inflection

Rafe Brown has been appointed as the new Chief Financial Officer (CFO) of Rapid7, having been in the role for approximately seven days at the time of the conference.
Rapid7's core strategy is to be a premier partner for customers seeking to outsource security workloads through an integrated security operations platform, with Managed Detection and Response (MDR), supported by AI, being over half of the business and growing in the teens.
The company's non-GAAP operating margin is currently in the mid-teens ballpark, with a focus on improving efficiencies and driving free cash flow by the end of 2026 through investments in operations and product.
Rapid7 has shifted its customer sweet spot to mid-to-large enterprise customers (1,000-20,000 employees) due to more favorable economics, adapting its go-to-market approach for higher average selling prices (ASPs) and longer sales cycles.
The company is comfortable with its capital structure and liquidity to meet upcoming convertible debt obligations, while also considering tuck-in acquisitions and keeping share repurchases on the table.

Dec 8, 2025, 8:40 PM

Transcript

Rapid7 Reports Q3 2025 Results, Updates Guidance, and Announces Leadership Changes

RPD

Earnings

Guidance Update

Management Change

Rapid7 reported Q3 2025 revenue of $218 million, a 2% year-over-year increase, and $838 million in ARR, also growing 2% year-over-year. The company achieved $37 million in operating income and generated $30 million in free cash flow for the quarter.
For the full year 2025, Rapid7 tightened its revenue guidance to $856-$858 million and raised its operating income guidance to $130-$135 million. The 2025 ARR target was reduced to reflect a higher confidence outlook, with Q4 ARR expected to be approximately flat quarter over quarter.
The company announced significant leadership changes, including Alan Peters joining as Chief Commercial Officer in September and Rafe Brown appointed as the new Chief Financial Officer starting in December.
Rapid7 is focused on accelerating its go-to-market motion, particularly in its MDR business, and announced an expanding partnership with Microsoft to advance managed detection and response. The company noted that the customer spending environment is challenged by additional scrutiny, especially in large deals, affecting deal timing and overall growth performance.

Nov 4, 2025, 9:30 PM

Transcript

Rapid7 Announces Q3 2025 Results and Full-Year 2025 Guidance

RPD

Earnings

Guidance Update

Demand Weakening

Rapid7 reported Annualized Recurring Revenue (ARR) of $838 million in Q3 2025, reflecting a 2% year-over-year growth.
For Q3 2025, the company achieved non-GAAP income from operations of $36.9 million and non-GAAP net income of $41.9 million.
Rapid7 provided Full-Year 2025 revenue guidance in the range of $856 million to $858 million, with projected year-over-year revenue growth between 1% and 2%.
The company anticipates Full-Year 2025 non-GAAP net income per share to be between $2.02 and $2.09, and Free Cash Flow between $125 million and $135 million.

Nov 4, 2025, 9:30 PM

Presentation

Earnings Transcripts

Quarterly earnings call transcripts for Rapid7.

Q4 2025

Feb 10, 2026

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Q3 2025

Nov 4, 2025

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Q2 2025

Aug 7, 2025

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Rapid7 (RPD)

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