Quarterly ResultMay 5, 2026, 04:08 PM
Rapid7 Q1 Revenue $210M; Non-GAAP Operating Income $24.4M
AI Summary
Rapid7 announced its first quarter 2026 financial results, exceeding guidance expectations across all metrics and delivering strong free cash flow. Total revenue was $210 million, a slight decrease of 0.3% year-over-year, while Annualized Recurring Revenue (ARR) also saw a minor decline to $832 million. The company reported a GAAP loss from operations of $0.6 million but a non-GAAP operating income of $24.4 million. Strategic highlights include the acquisition of Kenzo Security to enhance AI-powered security operations and the expansion of its Exposure Command platform.
Key Highlights
- Rapid7 acquired Kenzo Security in March to accelerate AI-powered security operations.
- Q1 2026 total revenue was $210 million, a 0.3% decrease year-over-year.
- Annualized Recurring Revenue (ARR) reached $832 million, down 0.6% year-over-year.
- GAAP loss from operations was $0.6 million; Non-GAAP operating income was $24.4 million.
- GAAP net income was $1.1 million ($0.02/diluted share); Non-GAAP net income was $26.6 million ($0.36/diluted share).
- Net cash provided by operating activities was $39.8 million; Free cash flow was $33.4 million.
- Rapid7 forecasts Q2 2026 revenue of $207-$209 million and full-year revenue of $836-$842 million.
- Full-year 2026 free cash flow is projected to be $125-$135 million.