Rubrik, Inc. is a cybersecurity company that specializes in data security and recovery solutions, addressing threats such as ransomware and data breaches. It provides a comprehensive platform known as the Rubrik Security Cloud (RSC), which integrates data management and security to deliver cyber resilience. The company is currently in a growth phase, as indicated by its significant financial improvements reported in its first quarter for the fiscal year 2026.

For the first quarter ended April 30, 2025, Rubrik’s subscription Annual Recurring Revenue (ARR) reached approximately $1.18 billion, reflecting a 38% increase year-over-year. The company also added $89 million in net new subscription ARR during the quarter. Additionally, subscription revenue totaled $266 million, marking a 54% growth compared to $172 million in the same quarter of the previous year. Overall revenue increased by 49% to $278 million, from $187 million year-over-year.

Rubrik’s customer base continues to expand, with 2,381 customers reporting subscription ARR of $100,000 or more, which is a 28% rise year-over-year. The company’s Subscription ARR contribution margin improved significantly, reaching 8% compared to a negative 11% in the first quarter of fiscal 2025, indicating enhanced operational efficiency. Gross margin for non-GAAP results was reported at 80.5%, up from 75.4% a year prior.

For cash flow, Rubrik reported a positive free cash flow of $33 million, improving from a negative $37 million in the first quarter of fiscal 2025. The company ended the quarter with $762 million in cash, cash equivalents, and marketable securities, accompanied by $323 million in debt.

Looking ahead, Rubrik has raised its guidance for the fiscal year 2026, expecting subscription ARR to be in the range of $1.38 billion to $1.39 billion, which represents a growth rate of 26% to 27%. For total revenue, guidance is set between $1.179 billion and $1.189 billion, reflecting a growth rate of 33% to 34%. The company anticipates a non-GAAP subscription ARR contribution margin of approximately 6% and a free cash flow between $65 million to $75 million for the fiscal year.

For the forthcoming second quarter of fiscal 2026, Rubrik expects revenue in the range of $281 million to $283 million, up 37% to 38% year-over-year. The anticipated non-GAAP earnings per share are projected to be in the range of negative $0.35 to negative $0.33, based on approximately 196 million weighted average shares outstanding.