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Yahoo
3 days ago
- Business
- Yahoo
Rubrik Reports First Quarter Fiscal Year 2026 Financial Results
Results exceeded all guided metrics First quarter subscription ARR grew 38% year-over-year to $1.18 billion First quarter revenue grew 49% year-over-year to $278.5 million 2,381 customers with $100K or more in Subscription ARR, up 28% year-over-year PALO ALTO, Calif., June 05, 2025--(BUSINESS WIRE)--Rubrik, Inc. (NYSE: RBRK), the cyber resilience company, today announced financial results for the first quarter fiscal year 2026, ended April 30, 2025. "Our outstanding first-quarter results not only surpassed all guided metrics but also underscore the power of our focused innovation and execution. We are winning the cyber resilience market, and I believe that our opportunity is bigger than ever," said Bipul Sinha, Rubrik's Chief Executive Officer, Chairman, and Co-Founder. Commenting on the company's financial results, Kiran Choudary, Rubrik's Chief Financial Officer, added, "Q1 was a strong start to our second fiscal year as a public company, with another quarter of solid top-line growth at scale and continued improvement towards profitability." First Quarter Fiscal 2026 Financial Highlights Subscription Annual Recurring Revenue (ARR): Subscription ARR was up 38% year-over-year, growing to $1.18 billion as of April 30, 2025. Revenue: Subscription revenue was $265.7 million, a 54% increase, compared to $172.2 million in the first quarter of fiscal 2025. Total revenue was $278.5 million, a 49% increase, compared to $187.3 million in the first quarter of fiscal 2025. Gross Margin: GAAP gross margin was 78.3%, compared to 48.8% in the first quarter of fiscal 2025. This includes $4.8 million in stock-based compensation expense, compared to $48.9 million in the first quarter of fiscal 2025. The change in stock-based compensation expense is due to the vesting of certain equity awards as a result of the completion of our initial public offering in the first quarter of fiscal 2025. Non-GAAP gross margin was 80.5%, compared to 75.4% in the first quarter of fiscal 2025. Subscription ARR Contribution Margin: Subscription ARR Contribution Margin was 8.0% compared to (10.6)% in the first quarter of fiscal 2025, reflecting the strong net new subscription ARR in the quarter and an improvement in operating leverage in the business. Net Loss per Share: GAAP net loss per share was $(0.53), compared to $(11.48) in the first quarter of fiscal 2025. GAAP net loss includes $73.5 million in stock-based compensation expense, compared to $630.3 million in the first quarter of fiscal 2025. The change in stock-based compensation expense is due to the vesting of certain equity awards as a result of the completion of our initial public offering in the first quarter of fiscal 2025. Non-GAAP net loss per share was $(0.15), compared to $(1.58) in the first quarter of fiscal 2025. Cash Flow from Operations: Cash flow from operations was $39.7 million, compared to $(31.4) million in the first quarter of fiscal 2025. Free cash flow was $33.3 million, compared to $(37.1) million in the first quarter of fiscal 2025. Cash, Cash Equivalents, and Short-Term Investments: Cash, cash equivalents, and short-term investments were $762.1 million as of April 30, 2025. Recent Business Highlights As of April 30, 2025, Rubrik had 2,381 customers with Subscription ARR of $100,000 or more, up 28% year-over-year. Partnered with Google Cloud and Mandiant to develop a cloud-based isolated recovery solution on Google Cloud, featuring secure backup and replication to Google Cloud via Rubrik's Secure Vault. Upcoming capabilities include new threat analytics and expanded protection for Google Cloud Engine, Google Cloud SQL, and Google Workspace. Announced Rubrik Annapurna will integrate with Google Agentspace, allowing customers to securely access, mobilize, govern, and protect AI data on Google Cloud. By using Annapurna as a data source within Agentspace, AI models can securely access enterprise-wide data. Organizations can control access through policy-based governance and accelerate AI application development with simplified workflows. Announced a strategic alliance with Deloitte to deliver advanced data security and management solutions. By combining Rubrik's Zero Trust Data Security™ platform with Deloitte's extensive technical knowledge in cybersecurity, risk management, and digital transformation, this alliance will offer solutions designed to help clients safeguard their data and enhance operational performance. Announced an expanded global strategic partnership with NTT Data for comprehensive ransomware protection. NTT DATA will offer advisory and consulting services, implementation and integration support, and managed services powered by Rubrik to prepare cybersecurity responses before, during, and after a cyber incident or ransomware attack. Partnered with Rackspace to launch the "Rackspace Cyber Recovery Cloud powered by Rubrik," a fully managed isolated recovery service for enterprises. This service aims to enhance cyber resilience and ensure business continuity through rapid workload restoration, thereby reducing operational risk and addressing a critical market need for advanced cyber resilience. Appointed Kavitha Mariappan as its Chief Transformation Officer, a new role focused on enhancing executive engagement and accelerating cyber resilience for global enterprises and public sector organizations. Mariappan has extensive experience in enterprise software and cybersecurity, having held executive roles at Zscaler, Databricks, and Cisco, most recently as EVP of Customer Experience and Transformation at Zscaler. Recognized as 2025 Google Cloud Partner of the Year: Infrastructure Modernization – Backup and Disaster Recovery, for achievements in delivering cyber resilience and recovery capabilities for joint customers in the Google Cloud ecosystem. Second Quarter and Fiscal Year 2026 Outlook Rubrik is providing the following guidance for the second quarter of fiscal year 2026 and the full fiscal year 2026: Second Quarter Fiscal 2026 Outlook: Revenue of $281 million to $283 million. Non-GAAP Subscription ARR contribution margin of 4.5% to 5.5%. Non-GAAP EPS of $(0.35) to $(0.33). Weighted-average shares outstanding of approximately 196 million. Full Year 2026 Outlook: Subscription ARR between $1,380 million and $1,388 million. Revenue of $1,179 million to $1,189 million. Non-GAAP Subscription ARR contribution margin of approximately 6.0%. Non-GAAP EPS of $(1.02) to $(0.96). Weighted-average shares outstanding of approximately 198 million. Free cash flow of $65 million to $75 million. Additional information on Rubrik's reported results, including a reconciliation of the non-GAAP results to their most comparable GAAP measures, is included in the financial tables below. A reconciliation of non-GAAP guidance measures to corresponding GAAP measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty of expenses that may be incurred in the future, although it is important to note that these factors could be material to Rubrik's results computed in accordance with GAAP. For example, stock-based compensation-related charges, including employer payroll tax-related items on employee stock transactions, are impacted by the timing of employee stock transactions, the future fair market value of Rubrik's Class A common stock, and Rubrik's future hiring and retention needs, all of which are difficult to predict and subject to constant change. Conference Call Information Rubrik will host a conference call to discuss results for the first quarter of fiscal year 2026, as well as its financial outlook for the second quarter of fiscal year 2026 and full fiscal year 2026 today at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time. Open to the public, analysts and investors may access the webcast, results press release, and investor presentation on Rubrik's investor relations website at A replay of the webcast will also be accessible from Rubrik's investor relations website a few hours after the conclusion of the live event. Rubrik uses its investor relations website and may use certain social media accounts including X (formerly Twitter) (@rubrikInc and @bipulsinha) and LinkedIn ( and as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD. Forward-Looking Statements This press release and the related conference call contain express and implied "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding Rubrik's financial outlook for the second quarter of fiscal year 2026 and full fiscal year 2026, Rubrik's market position, market opportunities, and growth strategy, product initiatives, go-to-market motions and market trends. In some cases, you can identify forward-looking statements by terms such as "anticipate," "believe," "estimate," "expect," "intend," "may," "might," "plan," "project," "will," "would," "should," "could," "can," "predict," "potential," "target," "explore," "continue," "outlook," "guidance," or the negative of these terms, where applicable, and similar expressions intended to identify forward-looking statements. By their nature, these statements are subject to numerous uncertainties and risks, including factors beyond Rubrik's control, that could cause actual results, performance or achievement to differ materially and adversely from those anticipated or implied in the statements. Risks include but are not limited to Rubrik's limited operating history, the growth rate of the market in which Rubrik competes, Rubrik's ability to effectively manage and sustain its growth, Rubrik's ability to introduce new products on top of its platform, Rubrik's ability to compete with existing competitors and new market entrants, Rubrik's ability to expand internationally and its ability to utilize AI successfully in its current and future products. Additional risks and uncertainties that could cause actual outcomes and results to differ materially from those contemplated by the forward-looking statements are included under the caption "Risk Factors" and elsewhere in our most recent filings with the Securities and Exchange Commission, including in our Annual Report on Form 10-K for the fiscal year ended January 31, 2025. Forward-looking statements speak only as of the date the statements are made and are based on information available to Rubrik at the time those statements are made and/or management's good faith belief as of that time with respect to future events. Rubrik assumes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made, except as required by law. Non-GAAP Financial Measures Rubrik has provided in this press release financial information that has not been prepared in accordance with GAAP. Rubrik uses these non-GAAP financial measures internally in analyzing its financial results and believes that use of these non-GAAP financial measures is useful to investors as an additional tool to evaluate ongoing operating results and trends and in comparing Rubrik's financial results with other companies in its industry, many of which present similar non-GAAP financial measures. Non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP financial measures and should be read only in conjunction with Rubrik's condensed consolidated financial statements prepared in accordance with GAAP. A reconciliation of Rubrik's historical non-GAAP financial measures to the most directly comparable GAAP measures has been provided in the financial statement tables included in this press release, and investors are encouraged to review the reconciliation. Free Cash Flow. Rubrik defines free cash flow as net cash provided by (used in) operating activities less cash used for purchases of property and equipment and capitalized internal-use software. Rubrik believes free cash flow is a helpful indicator of liquidity that provides information to management and investors about the amount of cash generated or used by Rubrik's operations that, after the investments in property and equipment and capitalized internal-use software, can be used for strategic initiatives, including investing in Rubrik's business and strengthening its financial position. One limitation of free cash flow is that it does not reflect Rubrik's future contractual commitments. Additionally, free cash flow is not a substitute for cash used in operating activities and the utility of free cash flow as a measure of Rubrik's liquidity is further limited as it does not represent the total increase or decrease in Rubrik's cash balance for a given period. Non-GAAP Subscription Cost of Revenue. Rubrik defines non-GAAP subscription cost of revenue as subscription cost of revenue, adjusted for amortization of acquired intangibles, stock-based compensation expense, stock-based compensation from amortization of capitalized internal-use software, and other non-recurring items. Non-GAAP Operating Expenses (Research and Development, Sales and Marketing, General and Administrative). Rubrik defines non-GAAP operating expenses as operating expenses (research and development, sales and marketing, general and administrative), adjusted for, as applicable, stock-based compensation expense, and other non-recurring items. Non-GAAP Gross Profit, Non-GAAP Operating Loss, and Non-GAAP Net Loss. Rubrik defines non-GAAP gross profit, non-GAAP operating loss, and non-GAAP net loss as the respective GAAP measure, adjusted for amortization of acquired intangibles, stock-based compensation expense, stock-based compensation from amortization of capitalized internal-use software other non-recurring items, and the related income tax effect of these adjustments. Non-GAAP Gross Margin. Rubrik defines non-GAAP gross margin as non-GAAP gross profit as a percentage of total revenue. Non-GAAP Net Loss Per Share, Basic and Diluted. Rubrik defines non-GAAP net loss per share, basic and diluted as non-GAAP net loss divided by the weighted-average number of shares of common stock outstanding during the period. Free Cash Flow and Free Cash Flow Margin. Rubrik defines free cash flow as net cash provided by (used in) operating activities less cash used for purchases of property and equipment and capitalized internal-use software. Free cash flow margin is calculated as free cash flow divided by total revenue. Subscription Annual Recurring Revenue ("ARR") Contribution Margin. Rubrik defines Subscription ARR Contribution Margin as Subscription ARR contribution divided by Subscription ARR at the end of the period. Rubrik defines Subscription ARR Contribution as Subscription ARR at the end of the period less: (i) non-GAAP subscription cost of revenue and (ii) non-GAAP operating expenses for the prior 12-month period ending on that date. Rubrik believes that Subscription ARR Contribution Margin is a helpful indicator of operating leverage. One limitation of Subscription ARR Contribution Margin is that the factors that impact Subscription ARR will vary from those that impact subscription revenue and, as such, may not provide an accurate indication of Rubrik's actual or future GAAP results. Additionally, the historical expenses in this calculation may not accurately reflect the costs associated with future commitments. Key Business Metrics Subscription ARR. Rubrik calculates Subscription ARR as the annualized value of our active subscription contracts as of the measurement date, based on our customers' total contract value, and assuming any contract that expires during the next 12 months is renewed on existing terms. Subscription contracts include offerings for our Rubrik Security Cloud ("RSC") platform and related data security SaaS solutions, term-based licenses for our RSC-Private platform and related products, prior sales of CDM sold as a subscription term-based license with associated support, and standalone sales of Rubrik's SaaS subscription products like Anomaly Detection and Sensitive Data Monitoring. Cloud ARR. Rubrik calculates Cloud ARR as the annualized value of its active cloud-based subscription contracts as of the measurement date, based on Rubrik's customers' total contract value, and assuming any contract that expires during the next 12 months is renewed on existing terms. Rubrik's cloud-based subscription contracts include RSC and RSC-Government (excluding RSC-Private). Cloud ARR also includes SaaS subscription products like Anomaly Detection and Sensitive Data Monitoring. Average Subscription Dollar-Based Net Retention Rate. Rubrik calculates Average Subscription Dollar-Based Net Retention Rate by first identifying subscription customers ("Prior Period Subscription Customers") which were subscription customers at the end of a particular quarter (the "Prior Period"). Rubrik then calculates the Subscription ARR from these Prior Period Subscription Customers at the end of the same quarter of the subsequent year (the "Current Period"). This calculation captures upsells, contraction, and attrition since the Prior Period. Rubrik then divides total Current Period Subscription ARR by the total Prior Period Subscription ARR for Prior Period Subscription Customers. Rubrik's Average Subscription Dollar-Based Net Retention Rate in a particular quarter is obtained by averaging the result from that particular quarter with the corresponding results from each of the prior three quarters. Customers with $100K or More in Subscription ARR. Customers with $100K or more in Subscription ARR represent the number of customers that contributed $100,000 or more in Subscription ARR as of period end. About Rubrik Rubrik (NYSE: RBRK) is on a mission to secure the world's data. With Zero Trust Data Security™, we help organizations achieve business resilience against cyberattacks, malicious insiders, and operational disruptions. Rubrik Security Cloud, powered by machine learning, secures data across enterprise, cloud, SaaS, unstructured data, and identity providers. We help organizations uphold data integrity, deliver data availability that withstands adverse conditions, continuously monitor data risks and threats, and restore businesses with their data when infrastructure is attacked. Rubrik, Inc. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share amounts) (unaudited) Three Months Ended April 30, 2025 2024 Revenue Subscription $ 265,661 $ 172,195 Maintenance 2,330 5,667 Other 10,490 9,453 Total revenue 278,481 187,315 Cost of revenue Subscription 51,912 73,725 Maintenance 409 3,609 Other 8,162 18,645 Total cost of revenue 60,483 95,979 Gross profit 217,998 91,336 Operating expenses Research and development 81,815 285,379 Sales and marketing 169,993 379,329 General and administrative 59,281 151,465 Total operating expenses 311,089 816,173 Loss from operations (93,091 ) (724,837 ) Interest income 7,696 2,942 Interest expense (9,813 ) (10,624 ) Other income (expense), net (5,622 ) (623 ) Loss before income taxes (100,830 ) (733,142 ) Income tax expense (benefit) 1,274 (1,051 ) Net loss $ (102,104 ) $ (732,091 ) Net loss per share, basic and diluted $ (0.53 ) $ (11.48 ) Weighted-average shares used in computing net loss per share, basic and diluted 191,625 63,794 Rubrik, Inc. CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands) (unaudited) April 30, January 31, 2025 2025 Assets Current assets Cash and cash equivalents $ 283,998 $ 186,331 Short-term investments 478,059 518,813 Accounts receivable, net of allowances 165,596 177,627 Deferred commissions 95,352 91,919 Prepaid expenses and other current assets 93,890 102,951 Total current assets 1,116,895 1,077,641 Property and equipment, net 54,935 53,194 Deferred commissions, noncurrent 125,696 132,465 Goodwill 101,618 100,343 Other assets, noncurrent 75,462 59,331 Total assets $ 1,474,606 $ 1,422,974 Liabilities and stockholders' deficit Current liabilities Accounts payable $ 9,905 $ 10,439 Accrued expenses and other current liabilities 112,512 162,602 Deferred revenue 838,872 777,135 Total current liabilities 961,289 950,176 Deferred revenue, noncurrent 670,307 642,370 Other liabilities, noncurrent 76,719 61,821 Debt, noncurrent 322,821 322,341 Total liabilities 2,031,136 1,976,708 Stockholders' deficit Preferred stock — — Class A common stock 3 3 Class B common stock 2 2 Additional paid-in capital 2,382,345 2,291,829 Accumulated other comprehensive income (loss) 557 (8,235 ) Accumulated deficit (2,939,437 ) (2,837,333 ) Total stockholders' deficit (556,530 ) (553,734 ) Total liabilities and stockholders' deficit $ 1,474,606 $ 1,422,974 Rubrik, Inc. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) (unaudited) Three Months Ended April 30, 2025 2024 Cash flows from operating activities: Net loss $ (102,104 ) $ (732,091 ) Adjustments to reconcile net loss to net cash provided by (used in) operating activities: Depreciation and amortization 8,075 7,190 Stock-based compensation 73,540 630,330 Amortization of deferred commissions 24,785 20,377 Non-cash interest — 9,700 Deferred income taxes 604 (990 ) Other (375 ) 863 Changes in operating assets and liabilities: Accounts receivable 12,031 36,175 Deferred commissions (21,449 ) (23,201 ) Prepaid expenses and other assets (7,824 ) (13,920 ) Accounts payable (489 ) 2,748 Accrued expenses and other liabilities (36,813 ) (22,055 ) Deferred revenue 89,674 53,493 Net cash provided by (used in) operating activities 39,655 (31,381 ) Cash flows from investing activities: Purchases of property and equipment (2,850 ) (3,639 ) Capitalized internal-use software (3,465 ) (2,103 ) Purchases of investments (120,162 ) (42,688 ) Sale of investments — 27,978 Maturities of investments 162,617 61,189 Payment for business combination (1,975 ) — Net cash provided by investing activities 34,165 40,737 Cash flows from financing activities: Proceeds from initial public offering, net of underwriting discounts and commissions — 710,264 Taxes paid related to net share settlement of equity awards — (350,444 ) Proceeds from exercise of stock options 1,849 3,618 Proceeds from issuance of common stock under employee stock purchase plan 13,492 — Payments for deferred offering costs, net — (775 ) Payments for debt discount costs — (475 ) Payments for debt issuance costs — (6 ) Net cash provided by financing activities 15,341 362,182 Effect of exchange rate on cash, cash equivalents, and restricted cash 8,751 (489 ) Net increase in cash, cash equivalents, and restricted cash 97,912 371,049 Cash, cash equivalents, and restricted cash, beginning of year 193,594 137,059 Cash, cash equivalents, and restricted cash, end of year $ 291,506 $ 508,108 Rubrik, Inc. GAAP to Non-GAAP Reconciliations (in thousands, except percentages and per share data) (unaudited) Three Months Ended April 30, 2025 2024 Reconciliation of GAAP total gross profit to non-GAAP total gross profit: Total gross profit on a GAAP basis $ 217,998 $ 91,336 Add: Stock-based compensation expense 4,825 48,899 Add: Stock-based compensation from amortization of capitalized internal-use software 349 15 Add: Amortization of acquired intangibles 960 903 Non-GAAP total gross profit $ 224,132 $ 141,153 GAAP total gross margin 78 % 49 % Non-GAAP total gross margin 81 % 75 % Reconciliation of GAAP operating expenses to non-GAAP operating expenses: Research and development operating expense on a GAAP basis $ 81,815 $ 285,379 Less: Stock-based compensation expense 19,812 224,149 Non-GAAP research and development operating expense $ 62,003 $ 61,230 Sales and marketing operating expense on a GAAP basis $ 169,993 $ 379,329 Less: Stock-based compensation expense 24,144 239,888 Non-GAAP sales and marketing operating expense $ 145,849 $ 139,441 General and administrative operating expense on a GAAP basis $ 59,281 $ 151,465 Less: Stock-based compensation expense 24,759 117,394 Non-GAAP general and administrative operating expense $ 34,522 $ 34,071 Reconciliation of GAAP operating loss to non-GAAP operating loss: Operating loss on a GAAP basis $ (93,091 ) $ (724,837 ) Add: Stock-based compensation expense 73,540 630,330 Add: Stock-based compensation from amortization of capitalized internal-use software 349 15 Add: Amortization of acquired intangibles 960 903 Non-GAAP operating loss $ (18,242 ) $ (93,589 ) Reconciliation of GAAP net loss to non-GAAP net loss: Net loss on a GAAP basis $ (102,104 ) $ (732,091 ) Add: Stock-based compensation expense 73,540 630,330 Add: Stock-based compensation from amortization of capitalized internal-use software 349 15 Add: Amortization of acquired intangibles 960 903 Income tax expenses effect related to the above adjustments (1,428 ) (118 ) Non-GAAP net loss $ (28,683 ) $ (100,961 ) GAAP net loss per share, basic and diluted $ (0.53 ) $ (11.48 ) Weighted-average shares used to compute GAAP net loss per share, basic and diluted 191,625 63,794 Non-GAAP net loss per share, basic and diluted $ (0.15 ) $ (1.58 ) Weighted-average shares used to compute non-GAAP net loss per share, basic and diluted 191,625 63,794 The following table presents a reconciliation of free cash flow to net cash provided by (used in) operating activities, the most directly comparable GAAP measure, for each of the periods indicated (unaudited, in thousands, except percentages): Three Months Ended April 30, 2025 2024 Net cash provided by (used in) operating activities $ 39,655 $ (31,381 ) Less: Purchases of property and equipment (2,850 ) (3,639 ) Less: Capitalized internal-use software (3,465 ) (2,103 ) Free cash flow $ 33,340 $ (37,123 ) Operating cash flow margin 14 % (17 )% Free cash flow margin 12 % (20 )% Net cash provided by investing activities $ 34,165 $ 40,737 Net cash provided by financing activities $ 15,341 $ 362,182 The following table presents the calculation of Subscription ARR Contribution Margin for the periods presented as well as a reconciliation of (i) non-GAAP subscription cost of revenue to cost of revenue and (ii) non-GAAP operating expenses to operating expenses (in thousands, except percentages): Twelve Months Ended April 30, 2025 2024 Subscription cost of revenue $ 193,223 $ 150,015 Stock-based compensation expense (18,289 ) (35,236 ) Stock-based compensation from amortization of capitalized internal-use software (607 ) (106 ) Amortization of acquired intangibles (3,730 ) (2,579 ) Non-GAAP subscription cost of revenue $ 170,597 $ 112,094 Operating expenses $ 1,249,744 $ 1,421,164 Stock-based compensation expense (334,156 ) (586,660 ) Non-GAAP operating expenses $ 915,588 $ 834,504 Subscription ARR $ 1,181,269 $ 856,051 Non-GAAP subscription cost of revenue (170,597 ) (112,094 ) Non-GAAP operating expenses (915,588 ) (834,504 ) Subscription ARR Contribution $ 95,084 $ (90,547 ) Subscription ARR Contribution Margin 8 % (11 )% View source version on Contacts Investor Relations Contact Melissa FranchiVP, Head of Investor Relations, Rubrik781.367.0733IR@ Public Relations Contact Jessica MooreVP, Global Communications, Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
3 days ago
- Business
- Business Wire
Rubrik Reports First Quarter Fiscal Year 2026 Financial Results
PALO ALTO, Calif.--(BUSINESS WIRE)-- Rubrik, Inc. (NYSE: RBRK), the cyber resilience company, today announced financial results for the first quarter fiscal year 2026, ended April 30, 2025. 'Our outstanding first-quarter results not only surpassed all guided metrics but also underscore the power of our focused innovation and execution. We are winning the cyber resilience market, and I believe that our opportunity is bigger than ever,' said Bipul Sinha, Rubrik's Chief Executive Officer, Chairman, and Co-Founder. Commenting on the company's financial results, Kiran Choudary, Rubrik's Chief Financial Officer, added, 'Q1 was a strong start to our second fiscal year as a public company, with another quarter of solid top-line growth at scale and continued improvement towards profitability.' First Quarter Fiscal 2026 Financial Highlights Subscription Annual Recurring Revenue (ARR): Subscription ARR was up 38% year-over-year, growing to $1.18 billion as of April 30, 2025. Revenue: Subscription revenue was $265.7 million, a 54% increase, compared to $172.2 million in the first quarter of fiscal 2025. Total revenue was $278.5 million, a 49% increase, compared to $187.3 million in the first quarter of fiscal 2025. Gross Margin: GAAP gross margin was 78.3%, compared to 48.8% in the first quarter of fiscal 2025. This includes $4.8 million in stock-based compensation expense, compared to $48.9 million in the first quarter of fiscal 2025. The change in stock-based compensation expense is due to the vesting of certain equity awards as a result of the completion of our initial public offering in the first quarter of fiscal 2025. Non-GAAP gross margin was 80.5%, compared to 75.4% in the first quarter of fiscal 2025. Subscription ARR Contribution Margin: Subscription ARR Contribution Margin was 8.0% compared to (10.6)% in the first quarter of fiscal 2025, reflecting the strong net new subscription ARR in the quarter and an improvement in operating leverage in the business. Net Loss per Share: GAAP net loss per share was $(0.53), compared to $(11.48) in the first quarter of fiscal 2025. GAAP net loss includes $73.5 million in stock-based compensation expense, compared to $630.3 million in the first quarter of fiscal 2025. The change in stock-based compensation expense is due to the vesting of certain equity awards as a result of the completion of our initial public offering in the first quarter of fiscal 2025. Non-GAAP net loss per share was $(0.15), compared to $(1.58) in the first quarter of fiscal 2025. Cash Flow from Operations: Cash flow from operations was $39.7 million, compared to $(31.4) million in the first quarter of fiscal 2025. Free cash flow was $33.3 million, compared to $(37.1) million in the first quarter of fiscal 2025. Cash, Cash Equivalents, and Short-Term Investments: Cash, cash equivalents, and short-term investments were $762.1 million as of April 30, 2025. Recent Business Highlights As of April 30, 2025, Rubrik had 2,381 customers with Subscription ARR of $100,000 or more, up 28% year-over-year. Partnered with Google Cloud and Mandiant to develop a cloud-based isolated recovery solution on Google Cloud, featuring secure backup and replication to Google Cloud via Rubrik's Secure Vault. Upcoming capabilities include new threat analytics and expanded protection for Google Cloud Engine, Google Cloud SQL, and Google Workspace. Announced Rubrik Annapurna will integrate with Google Agentspace, allowing customers to securely access, mobilize, govern, and protect AI data on Google Cloud. By using Annapurna as a data source within Agentspace, AI models can securely access enterprise-wide data. Organizations can control access through policy-based governance and accelerate AI application development with simplified workflows. Announced a strategic alliance with Deloitte to deliver advanced data security and management solutions. By combining Rubrik's Zero Trust Data Security™ platform with Deloitte's extensive technical knowledge in cybersecurity, risk management, and digital transformation, this alliance will offer solutions designed to help clients safeguard their data and enhance operational performance. Announced an expanded global strategic partnership with NTT Data for comprehensive ransomware protection. NTT DATA will offer advisory and consulting services, implementation and integration support, and managed services powered by Rubrik to prepare cybersecurity responses before, during, and after a cyber incident or ransomware attack. Partnered with Rackspace to launch the "Rackspace Cyber Recovery Cloud powered by Rubrik," a fully managed isolated recovery service for enterprises. This service aims to enhance cyber resilience and ensure business continuity through rapid workload restoration, thereby reducing operational risk and addressing a critical market need for advanced cyber resilience. Appointed Kavitha Mariappan as its Chief Transformation Officer, a new role focused on enhancing executive engagement and accelerating cyber resilience for global enterprises and public sector organizations. Mariappan has extensive experience in enterprise software and cybersecurity, having held executive roles at Zscaler, Databricks, and Cisco, most recently as EVP of Customer Experience and Transformation at Zscaler. Recognized as 2025 Google Cloud Partner of the Year: Infrastructure Modernization – Backup and Disaster Recovery, for achievements in delivering cyber resilience and recovery capabilities for joint customers in the Google Cloud ecosystem. Second Quarter and Fiscal Year 2026 Outlook Rubrik is providing the following guidance for the second quarter of fiscal year 2026 and the full fiscal year 2026: Second Quarter Fiscal 2026 Outlook: Revenue of $281 million to $283 million. Non-GAAP Subscription ARR contribution margin of 4.5% to 5.5%. Non-GAAP EPS of $(0.35) to $(0.33). Weighted-average shares outstanding of approximately 196 million. Full Year 2026 Outlook: Subscription ARR between $1,380 million and $1,388 million. Revenue of $1,179 million to $1,189 million. Non-GAAP Subscription ARR contribution margin of approximately 6.0%. Non-GAAP EPS of $(1.02) to $(0.96). Weighted-average shares outstanding of approximately 198 million. Free cash flow of $65 million to $75 million. Additional information on Rubrik's reported results, including a reconciliation of the non-GAAP results to their most comparable GAAP measures, is included in the financial tables below. A reconciliation of non-GAAP guidance measures to corresponding GAAP measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty of expenses that may be incurred in the future, although it is important to note that these factors could be material to Rubrik's results computed in accordance with GAAP. For example, stock-based compensation-related charges, including employer payroll tax-related items on employee stock transactions, are impacted by the timing of employee stock transactions, the future fair market value of Rubrik's Class A common stock, and Rubrik's future hiring and retention needs, all of which are difficult to predict and subject to constant change. Conference Call Information Rubrik will host a conference call to discuss results for the first quarter of fiscal year 2026, as well as its financial outlook for the second quarter of fiscal year 2026 and full fiscal year 2026 today at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time. Open to the public, analysts and investors may access the webcast, results press release, and investor presentation on Rubrik's investor relations website at A replay of the webcast will also be accessible from Rubrik's investor relations website a few hours after the conclusion of the live event. Rubrik uses its investor relations website and may use certain social media accounts including X (formerly Twitter) (@rubrikInc and @bipulsinha) and LinkedIn ( and as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD. Forward-Looking Statements This press release and the related conference call contain express and implied 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding Rubrik's financial outlook for the second quarter of fiscal year 2026 and full fiscal year 2026, Rubrik's market position, market opportunities, and growth strategy, product initiatives, go-to-market motions and market trends. In some cases, you can identify forward-looking statements by terms such as 'anticipate,' 'believe,' 'estimate,' 'expect,' 'intend,' 'may,' 'might,' 'plan,' 'project,' 'will,' 'would,' 'should,' 'could,' 'can,' 'predict,' 'potential,' 'target,' 'explore,' 'continue,' 'outlook,' 'guidance,' or the negative of these terms, where applicable, and similar expressions intended to identify forward-looking statements. By their nature, these statements are subject to numerous uncertainties and risks, including factors beyond Rubrik's control, that could cause actual results, performance or achievement to differ materially and adversely from those anticipated or implied in the statements. Risks include but are not limited to Rubrik's limited operating history, the growth rate of the market in which Rubrik competes, Rubrik's ability to effectively manage and sustain its growth, Rubrik's ability to introduce new products on top of its platform, Rubrik's ability to compete with existing competitors and new market entrants, Rubrik's ability to expand internationally and its ability to utilize AI successfully in its current and future products. Additional risks and uncertainties that could cause actual outcomes and results to differ materially from those contemplated by the forward-looking statements are included under the caption 'Risk Factors' and elsewhere in our most recent filings with the Securities and Exchange Commission, including in our Annual Report on Form 10-K for the fiscal year ended January 31, 2025. Forward-looking statements speak only as of the date the statements are made and are based on information available to Rubrik at the time those statements are made and/or management's good faith belief as of that time with respect to future events. Rubrik assumes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made, except as required by law. Non-GAAP Financial Measures Rubrik has provided in this press release financial information that has not been prepared in accordance with GAAP. Rubrik uses these non-GAAP financial measures internally in analyzing its financial results and believes that use of these non-GAAP financial measures is useful to investors as an additional tool to evaluate ongoing operating results and trends and in comparing Rubrik's financial results with other companies in its industry, many of which present similar non-GAAP financial measures. Non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP financial measures and should be read only in conjunction with Rubrik's condensed consolidated financial statements prepared in accordance with GAAP. A reconciliation of Rubrik's historical non-GAAP financial measures to the most directly comparable GAAP measures has been provided in the financial statement tables included in this press release, and investors are encouraged to review the reconciliation. Free Cash Flow. Rubrik defines free cash flow as net cash provided by (used in) operating activities less cash used for purchases of property and equipment and capitalized internal-use software. Rubrik believes free cash flow is a helpful indicator of liquidity that provides information to management and investors about the amount of cash generated or used by Rubrik's operations that, after the investments in property and equipment and capitalized internal-use software, can be used for strategic initiatives, including investing in Rubrik's business and strengthening its financial position. One limitation of free cash flow is that it does not reflect Rubrik's future contractual commitments. Additionally, free cash flow is not a substitute for cash used in operating activities and the utility of free cash flow as a measure of Rubrik's liquidity is further limited as it does not represent the total increase or decrease in Rubrik's cash balance for a given period. Non-GAAP Subscription Cost of Revenue. Rubrik defines non-GAAP subscription cost of revenue as subscription cost of revenue, adjusted for amortization of acquired intangibles, stock-based compensation expense, stock-based compensation from amortization of capitalized internal-use software, and other non-recurring items. Non-GAAP Operating Expenses (Research and Development, Sales and Marketing, General and Administrative). Rubrik defines non-GAAP operating expenses as operating expenses (research and development, sales and marketing, general and administrative), adjusted for, as applicable, stock-based compensation expense, and other non-recurring items. Non-GAAP Gross Profit, Non-GAAP Operating Loss, and Non-GAAP Net Loss. Rubrik defines non-GAAP gross profit, non-GAAP operating loss, and non-GAAP net loss as the respective GAAP measure, adjusted for amortization of acquired intangibles, stock-based compensation expense, stock-based compensation from amortization of capitalized internal-use software other non-recurring items, and the related income tax effect of these adjustments. Non-GAAP Gross Margin. Rubrik defines non-GAAP gross margin as non-GAAP gross profit as a percentage of total revenue. Non-GAAP Net Loss Per Share, Basic and Diluted. Rubrik defines non-GAAP net loss per share, basic and diluted as non-GAAP net loss divided by the weighted-average number of shares of common stock outstanding during the period. Free Cash Flow and Free Cash Flow Margin. Rubrik defines free cash flow as net cash provided by (used in) operating activities less cash used for purchases of property and equipment and capitalized internal-use software. Free cash flow margin is calculated as free cash flow divided by total revenue. Subscription Annual Recurring Revenue ('ARR') Contribution Margin. Rubrik defines Subscription ARR Contribution Margin as Subscription ARR contribution divided by Subscription ARR at the end of the period. Rubrik defines Subscription ARR Contribution as Subscription ARR at the end of the period less: (i) non-GAAP subscription cost of revenue and (ii) non-GAAP operating expenses for the prior 12-month period ending on that date. Rubrik believes that Subscription ARR Contribution Margin is a helpful indicator of operating leverage. One limitation of Subscription ARR Contribution Margin is that the factors that impact Subscription ARR will vary from those that impact subscription revenue and, as such, may not provide an accurate indication of Rubrik's actual or future GAAP results. Additionally, the historical expenses in this calculation may not accurately reflect the costs associated with future commitments. Key Business Metrics Subscription ARR. Rubrik calculates Subscription ARR as the annualized value of our active subscription contracts as of the measurement date, based on our customers' total contract value, and assuming any contract that expires during the next 12 months is renewed on existing terms. Subscription contracts include offerings for our Rubrik Security Cloud ('RSC') platform and related data security SaaS solutions, term-based licenses for our RSC-Private platform and related products, prior sales of CDM sold as a subscription term-based license with associated support, and standalone sales of Rubrik's SaaS subscription products like Anomaly Detection and Sensitive Data Monitoring. Cloud ARR. Rubrik calculates Cloud ARR as the annualized value of its active cloud-based subscription contracts as of the measurement date, based on Rubrik's customers' total contract value, and assuming any contract that expires during the next 12 months is renewed on existing terms. Rubrik's cloud-based subscription contracts include RSC and RSC-Government (excluding RSC-Private). Cloud ARR also includes SaaS subscription products like Anomaly Detection and Sensitive Data Monitoring. Average Subscription Dollar-Based Net Retention Rate. Rubrik calculates Average Subscription Dollar-Based Net Retention Rate by first identifying subscription customers ('Prior Period Subscription Customers') which were subscription customers at the end of a particular quarter (the 'Prior Period'). Rubrik then calculates the Subscription ARR from these Prior Period Subscription Customers at the end of the same quarter of the subsequent year (the 'Current Period'). This calculation captures upsells, contraction, and attrition since the Prior Period. Rubrik then divides total Current Period Subscription ARR by the total Prior Period Subscription ARR for Prior Period Subscription Customers. Rubrik's Average Subscription Dollar-Based Net Retention Rate in a particular quarter is obtained by averaging the result from that particular quarter with the corresponding results from each of the prior three quarters. Customers with $100K or More in Subscription ARR. Customers with $100K or more in Subscription ARR represent the number of customers that contributed $100,000 or more in Subscription ARR as of period end. About Rubrik Rubrik (NYSE: RBRK) is on a mission to secure the world's data. With Zero Trust Data Security™, we help organizations achieve business resilience against cyberattacks, malicious insiders, and operational disruptions. Rubrik Security Cloud, powered by machine learning, secures data across enterprise, cloud, SaaS, unstructured data, and identity providers. We help organizations uphold data integrity, deliver data availability that withstands adverse conditions, continuously monitor data risks and threats, and restore businesses with their data when infrastructure is attacked. Rubrik, Inc. CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands) (unaudited) January 31, 2025 2025 Assets Current assets Cash and cash equivalents $ 283,998 $ 186,331 Short-term investments 478,059 518,813 Accounts receivable, net of allowances 165,596 177,627 Deferred commissions 95,352 91,919 Prepaid expenses and other current assets 93,890 102,951 Total current assets 1,116,895 1,077,641 Property and equipment, net 54,935 53,194 Deferred commissions, noncurrent 125,696 132,465 Goodwill 101,618 100,343 Other assets, noncurrent 75,462 59,331 Total assets $ 1,474,606 $ 1,422,974 Liabilities and stockholders' deficit Current liabilities Accounts payable $ 9,905 $ 10,439 Accrued expenses and other current liabilities 112,512 162,602 Deferred revenue 838,872 777,135 Total current liabilities 961,289 950,176 Deferred revenue, noncurrent 670,307 642,370 Other liabilities, noncurrent 76,719 61,821 Debt, noncurrent 322,821 322,341 Total liabilities 2,031,136 1,976,708 Stockholders' deficit Preferred stock — — Class A common stock 3 3 Class B common stock 2 2 Additional paid-in capital 2,382,345 2,291,829 Accumulated other comprehensive income (loss) 557 (8,235 ) Accumulated deficit (2,939,437 ) (2,837,333 ) Total stockholders' deficit (556,530 ) (553,734 ) Total liabilities and stockholders' deficit $ 1,474,606 $ 1,422,974 Expand Rubrik, Inc. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) (unaudited) Three Months Ended April 30, 2025 2024 Cash flows from operating activities: Net loss $ (102,104 ) $ (732,091 ) Adjustments to reconcile net loss to net cash provided by (used in) operating activities: Depreciation and amortization 8,075 7,190 Stock-based compensation 73,540 630,330 Amortization of deferred commissions 24,785 20,377 Non-cash interest — 9,700 Deferred income taxes 604 (990 ) Other (375 ) 863 Changes in operating assets and liabilities: Accounts receivable 12,031 36,175 Deferred commissions (21,449 ) (23,201 ) Prepaid expenses and other assets (7,824 ) (13,920 ) Accounts payable (489 ) 2,748 Accrued expenses and other liabilities (36,813 ) (22,055 ) Deferred revenue 89,674 53,493 Net cash provided by (used in) operating activities 39,655 (31,381 ) Cash flows from investing activities: Purchases of property and equipment (2,850 ) (3,639 ) Capitalized internal-use software (3,465 ) (2,103 ) Purchases of investments (120,162 ) (42,688 ) Sale of investments — 27,978 Maturities of investments 162,617 61,189 Payment for business combination (1,975 ) — Net cash provided by investing activities 34,165 40,737 Cash flows from financing activities: Proceeds from initial public offering, net of underwriting discounts and commissions — 710,264 Taxes paid related to net share settlement of equity awards — (350,444 ) Proceeds from exercise of stock options 1,849 3,618 Proceeds from issuance of common stock under employee stock purchase plan 13,492 — Payments for deferred offering costs, net — (775 ) Payments for debt discount costs — (475 ) Payments for debt issuance costs — (6 ) Net cash provided by financing activities 15,341 362,182 Effect of exchange rate on cash, cash equivalents, and restricted cash 8,751 (489 ) Net increase in cash, cash equivalents, and restricted cash 97,912 371,049 Cash, cash equivalents, and restricted cash, beginning of year 193,594 137,059 Cash, cash equivalents, and restricted cash, end of year $ 291,506 $ 508,108 Expand Rubrik, Inc. G AAP to Non-GAAP Reconciliations (in thousands, except percentages and per share data) (unaudited) Three Months Ended April 30, 2025 2024 Reconciliation of GAAP total gross profit to non-GAAP total gross profit: Total gross profit on a GAAP basis $ 217,998 $ 91,336 Add: Stock-based compensation expense 4,825 48,899 Add: Stock-based compensation from amortization of capitalized internal-use software 349 15 Add: Amortization of acquired intangibles 960 903 Non-GAAP total gross profit $ 224,132 $ 141,153 GAAP total gross margin 78 % 49 % Non-GAAP total gross margin 81 % 75 % Reconciliation of GAAP operating expenses to non-GAAP operating expenses: Research and development operating expense on a GAAP basis $ 81,815 $ 285,379 Less: Stock-based compensation expense 19,812 224,149 Non-GAAP research and development operating expense $ 62,003 $ 61,230 Sales and marketing operating expense on a GAAP basis $ 169,993 $ 379,329 Less: Stock-based compensation expense 24,144 239,888 Non-GAAP sales and marketing operating expense $ 145,849 $ 139,441 General and administrative operating expense on a GAAP basis $ 59,281 $ 151,465 Less: Stock-based compensation expense 24,759 117,394 Non-GAAP general and administrative operating expense $ 34,522 $ 34,071 Reconciliation of GAAP operating loss to non-GAAP operating loss: Operating loss on a GAAP basis $ (93,091 ) $ (724,837 ) Add: Stock-based compensation expense 73,540 630,330 Add: Stock-based compensation from amortization of capitalized internal-use software 349 15 Add: Amortization of acquired intangibles 960 903 Non-GAAP operating loss $ (18,242 ) $ (93,589 ) Reconciliation of GAAP net loss to non-GAAP net loss: Net loss on a GAAP basis $ (102,104 ) $ (732,091 ) Add: Stock-based compensation expense 73,540 630,330 Add: Stock-based compensation from amortization of capitalized internal-use software 349 15 Add: Amortization of acquired intangibles 960 903 Income tax expenses effect related to the above adjustments (1,428 ) (118 ) Non-GAAP net loss $ (28,683 ) $ (100,961 ) GAAP net loss per share, basic and diluted $ (0.53 ) $ (11.48 ) Weighted-average shares used to compute GAAP net loss per share, basic and diluted 191,625 63,794 Non-GAAP net loss per share, basic and diluted $ (0.15 ) $ (1.58 ) Weighted-average shares used to compute non-GAAP net loss per share, basic and diluted 191,625 63,794 Expand The following table presents a reconciliation of free cash flow to net cash provided by (used in) operating activities, the most directly comparable GAAP measure, for each of the periods indicated (unaudited, in thousands, except percentages): The following table presents the calculation of Subscription ARR Contribution Margin for the periods presented as well as a reconciliation of (i) non-GAAP subscription cost of revenue to cost of revenue and (ii) non-GAAP operating expenses to operating expenses (in thousands, except percentages):
The Hindu
07-05-2025
- Business
- The Hindu
‘AI platform integrations pose cybersecurity risks': Rubrik CEO Bipul Sinha
It has been a busy year for Palo Alto-based Rubrik that went public in April 2024. The Microsoft-backed cybersecurity firm is now busy making inroads into India with a new office in Bengaluru. Co-founder and CEO Bipul Sinha spoke exclusively to The Hindu about the company's plans to build trust into India's digital services, security fears around AI agents and what the Google-Wiz deal means for the sector. Edited excerpts: The Hindu: How prepared is India to handle cyber attacks and what role does Rubrik play in this regard? Bipul Sinha: It's clear that the future is going to be all about digital services which can only be successful if people trust it. Meaning, if someone tries to call a doctor and the app isn't working because of a cyberattack, people will lose trust. Or if a cyberattack has taken place and when you try to contact a service there's a middle man who is spoofing user data and impersonating the provider, there's again a loss of trust. So, building digital trust, integrity and availability of the application is critical for digital transformation in India. All Indian organisations like banks and financial institutions especially have to be prepared for cyberattacks considering the geo-political situation and potential cross-border activities. This is what Rubrik will be helping with in India. TH: What's your view on India's talent pipeline in cybersecurity? BS: The Indian market on the whole is software B2B-aligned but we're building scale for expertise in cybersecurity. In the near future, there will be a lot of companies coming to India, and a lot of talent upskilling will happen. I believe the future is bright and India could become a hub for hiring in cybersecurity. TH: There's intense competition in the cybersecurity industry. What is Rubrik's differentiating factor? BS: If you look at our 2025 fiscal results, we grew at a very fast pace - almost 39% of growth at around $1.1 billion in Annual Recurring Revenue (ARR). We also created positive cash flow for the whole year, as well as had a positive contribution margin. So, there's tremendous progress, both in terms of the high top-line growth at scale as well as profitability. This is a direct result of us winning the cyber resilience market. We have a unique architecture and product essentially which sets us apart as the only company that brings data identity on a cyber resilience platform and cyber recovery together.
Channel Post MEA
06-05-2025
- Business
- Channel Post MEA
Rubrik And Rackspace Technology Expand Partnership
Rubrik and Rackspace Technology have announced a strategic partnership. The two companies will collaborate to deliver a fully managed isolated recovery service, Rackspace Cyber Recovery Cloud powered by Rubrik, to help enterprises achieve true cyber resilience and ensure business continuity in the event of a cyber attack. By combining Rubrik's data protection and cyber recovery software with Rackspace's hybrid cloud expertise and global data center footprint, this partnership addresses immediate cyber recovery needs and empowers businesses to reduce their operational risk as a competitive advantage. Organizations today face increasing ransomware threats, with attacks becoming more sophisticated, frequent, and devastating as 92% of victims experience data encryption and 60% suffer data theft. Traditional backup and recovery solutions can take weeks or months to restore business operations. Designed as an isolated on-demand or dedicated managed solution, the Rackspace Cyber Recovery Cloud powered by Rubrik gives enterprises access to an air-gapped platform to recover mission-critical workloads following a cyber attack. The solution aims to provide enterprises with an orchestrated recovery approach designed to enable restoration in hours instead of days, weeks or months, thereby providing business continuity in a clean, isolated environment. 'The launch of Rackspace Cyber Recovery Cloud powered by Rubrik comes at a critical time as ransomware incidents and compliance risks continue to escalate, while traditional backup and disaster recovery solutions have become insufficient, cost-prohibitive, and technically challenging,' said Amar Maletira, CEO of Rackspace Technology. 'This strategic partnership with Rubrik fills a recognized gap in the market and delivers something truly unique – the ability to recover data as well as rapidly restore operational capability in a clean, isolated environment in hours rather than days or weeks.' The new offering is designed to meet the operational continuity needs of organizations across non-regulated and highly regulated industries such as banking, financial services, insurance, and healthcare, where seamless operations and data integrity are vital. 'As we chart the course for a more secure digital future, our collaboration with Rackspace Technology represents the paramount next step in our journey,' said Bipul Sinha, CEO, Chairman, and Co-founder of Rubrik. 'Unified as a cohesive force, we aim to provide customers with a robust and streamlined approach to cyber recovery, ensuring the safeguarding of vital data and uninterrupted business continuity.' Rackspace Cyber Recovery Cloud powered by Rubrik, enables customers to replicate their validated backups, ensuring data remains secure and ready for rapid deployment. In the event of a cyber attack, Rubrik can quickly identify clean, safe backup data. At the same time, Rackspace can restore critical workloads within hours to an isolated recovery environment entirely separate from the customer's production and disaster recovery systems all managed by Rackspace. 0 0
Scoop
01-05-2025
- Business
- Scoop
Enterprises To Redefine Cyber Resilience With Rackspace And Rubrik
Press Release – Rubrik Rackspace Cyber Recovery Cloud powered by Rubrik Enables Organisations to Restore Critical Operations Faster and More Securely than Traditional Offerings in the Event of a Cyber Attack SAN FRANCISCO , April 30, 2025 — LIVE! from RSAC, Rubrik (NYSE: RBRK), a leading cybersecurity company, and Rackspace Technology ® (NASDAQ: RXT), a leading end-to-end hybrid cloud and AI solutions company, today announced a strategic partnership. The two companies will collaborate to deliver a fully managed isolated recovery service, Rackspace Cyber Recovery Cloud powered by Rubrik, to help enterprises achieve true cyber resilience and ensure business continuity in the event of a cyber attack. By combining Rubrik's data protection and cyber recovery software with Rackspace's hybrid cloud expertise and global data centre footprint, this partnership addresses immediate cyber recovery needs and empowers businesses to reduce their operational risk as a competitive advantage. Why does this matter? Organisations today face increasing ransomware threats, with attacks becoming more sophisticated, frequent, and devastating as 92 per cent of victims experience data encryption and 60 per cent suffer data theft. Traditional backup and recovery solutions can take weeks or months to restore business operations. Designed as an isolated on-demand or dedicated managed solution, the Rackspace Cyber Recovery Cloud powered by Rubrik gives enterprises access to an air-gapped platform to recover mission-critical workloads following a cyber attack. The solution aims to provide enterprises with an orchestrated recovery approach designed to enable restoration in hours instead of days, weeks or months, thereby providing business continuity in a clean, isolated environment. 'The launch of Rackspace Cyber Recovery Cloud powered by Rubrik comes at a critical time as ransomware incidents and compliance risks continue to escalate, while traditional backup and disaster recovery solutions have become insufficient, cost-prohibitive, and technically challenging,'' said Amar Maletira, CEO of Rackspace Technology. 'This strategic partnership with Rubrik fills a recognised gap in the market and delivers something truly unique – the ability to recover data as well as rapidly restore operational capability in a clean, isolated environment in hours rather than days or weeks.' The new offering is designed to meet the operational continuity needs of organisations across non-regulated and highly regulated industries such as banking, financial services, insurance, and healthcare, where seamless operations and data integrity are vital. 'As we chart the course for a more secure digital future, our collaboration with Rackspace Technology represents the paramount next step in our journey,' said Bipul Sinha, CEO, Chairman, and Co-founder of Rubrik. 'Unified as a cohesive force, we aim to provide customers with a robust and streamlined approach to cyber recovery, ensuring the safeguarding of vital data and uninterrupted business continuity.' Rackspace Cyber Recovery Cloud powered by Rubrik: A Confident Path to Cyber Resilience Rackspace Cyber Recovery Cloud powered by Rubrik, enables customers to replicate their validated backups, ensuring data remains secure and ready for rapid deployment. In the event of a cyber attack, Rubrik can quickly identify clean, safe backup data. At the same time, Rackspace can restore critical workloads within hours to an isolated recovery environment entirely separate from the customer's production and disaster recovery systems all managed by Rackspace. 'Rackspace Cyber Recovery Cloud delivers a robust, Rubrik-powered solution that ensures swift and secure workload restoration in the face of cyber attacks,' states Steven Dickens, CEO and Principal Analyst, HyperFRAME Research. 'Its on-demand and dedicated options provide cost-effective flexibility for organisations navigating rising ransomware threats and compliance demands.' Guiding organisations through cyber resiliency planning and implementation. Cyber Recovery Readiness Assessment: To prepare for a successful deployment of Rackspace Cyber Recovery Cloud powered by Rubrik, it is critical to conduct a complete cyber readiness assessment that identifies critical applications, maps dependencies, and prioritises workloads based on business impact. The result is a clear, actionable roadmap tailored to the organisation's specific recovery goals. Cyber Recovery Cloud On-Boarding: Following the readiness assessment, this service is designed to ensure seamless configuration and testing of Rackspace Cyber Recovery Cloud powered by Rubrik. This includes engineers configuring the isolated recovery environment, building recovery templates, testing real-world scenarios, and delivering a tailored business continuity plan that aligns with operational needs and the customer's recovery targets. About Rackspace Technology Rackspace Technology is a leading end-to-end, hybrid and AI solutions company. We can design, build, and operate our customers' cloud environments across all major technology platforms, irrespective of technology stack or deployment model. We partner with our customers at every stage of their cloud journey, enabling them to modernise applications, build new products, and adopt innovative technologies. About Rubrik Rubrik (NYSE: RBRK) is on a mission to secure the world's data. With Zero Trust Data Security™, we help organisations achieve business resilience against cyberattacks, malicious insiders, and operational disruptions. Rubrik Security Cloud, powered by machine learning, secures data across enterprise, cloud, and SaaS applications. We help organisations uphold data integrity, deliver data availability that withstands adverse conditions, continuously monitor data risks and threats, and restore businesses with their data when infrastructure is attacked. For more information, please visit and follow @rubrikInc on X (formerly Twitter) and Rubrik on LinkedIn. SAFE HARBOR STATEMENT: This press release contains express and implied 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding Identity Resilience and its anticipated benefits for our customers. By their nature, these statements are subject to numerous uncertainties and risks, including factors beyond our control, that could cause actual results, performance or achievement to differ materially and adversely from those anticipated or implied in the statements, including those described under the caption 'Risk Factors' and elsewhere in our most recent filings with the Securities and Exchange Commission, including our annual report on Form 10-K for the fiscal year ended January 31, 2025. Forward-looking statements speak only as of the date the statements are made and are based on information available to us at the time those statements are made and/or management's good faith belief as of that time with respect to future events. We assume no obligation to update forward-looking statements to reflect events or circumstances after the date they were made, except as required by law. Any unreleased services or features referenced in this document are not currently available and may not be made generally available on time or at all, as may be determined in our sole discretion. Any such referenced services or features do not represent promises to deliver, commitments, or obligations of Rubrik, Inc. and may not be incorporated into any contract. Customers should make their purchase decisions based upon services and features that are currently generally available.
