RBRK Rubrik Inc. - Class A
RBRK Earnings Recap
Rubrik reported strong Q2 results, exceeding expectations with subscription ARR at $1.25 billion (up 36% YOY) and revenue at $297 million (up 55% YOY); the company raised its full-year subscription ARR guidance to $1.408-$1.416 billion (29-30% growth) and revenue to $1.227-$1.237 billion (38-40% growth).
Bullish
Free cash flow was positive $57.5 million, a significant improvement from negative $32 million in the prior year, driven by higher sales, improved operating leverage, and optimized capital structure.
Bearish
Q3 is expected to contribute approximately 21% to 22% of the full year's net new subscription ARR, indicating a potential slowdown compared to the strong first and second quarters.