Rapid7, Inc. earnings

Rapid7 closed the second quarter of fiscal 2026 with revenue of $210.9 million, down 1.5% from the prior-year quarter. For the six months ended June 30, 2026, revenue of $420.6 million was down 0.9%.

Rapid7 reported first quarter 2026 results on May 5, 2026. Total revenue was $209.7 million, flat year over year. Gross profit fell 3.9% to $144.9 million, and gross margin was 69.1%, down 2.6 percentage points. The operating loss widened to $0.6 million, and operating margin was -0.3%, down 0.2 percentage points.

Rapid7 closed fiscal 2025 with flat growth and a much thinner operating profit. Fourth quarter revenue was $217.4 million, up 0.5% from the prior-year quarter, and full-year revenue was $859.8 million, up 1.9%. Gross profit of $149.9 million in the quarter was flat year over year. Operating income did not hold up.

Rapid7 entered FY2025 Q3 with a modest top line. Total revenue was $217.96 million, up 1.5% from the prior-year quarter. Annualized recurring revenue was $838 million, up 2% year over year. The customer count was 11,618, essentially flat against 11,619 a year earlier, while ARR per customer rose to $72.1 from $70.8.

Rapid7 reported total revenue of $214.19 million for the quarter ended June 30, 2025, up 3.0% from $207.99 million in the prior-year quarter. Product subscriptions revenue of $208.1 million rose 4%, while professional services revenue of $6.1 million fell 23%.

Rapid7's first quarter of fiscal 2025 produced modest top-line growth but a GAAP operating loss. Total revenue was $210.25 million, up 2.5% from the prior-year quarter. Gross profit was $150.77 million, up 4.6%, and gross margin was 71.7%, up 1.4 percentage points.

Rapid7 ended fiscal 2024 with fourth quarter revenue of $216.26 million, up 5.4% from the prior-year quarter. Full-year revenue reached $844.01 million, up 8.5%. The growth came alongside ARR of $840 million, up 4% year over year. Customer count was 11,727, up 2%, and ARR per customer was $71.6, up 2%.

Rapid7's fiscal 2024 third quarter showed steady growth and much better profitability. Total revenue for the quarter ended September 30, 2024 was $214.7 million, up 8.0% year over year. Annualized recurring revenue was $823 million, up 6% year over year.

Rapid7 posted a profitable second quarter of fiscal 2024. Revenue rose 9.2% year over year to $207.99 million. Gross profit increased 11.3% to $147.14 million, and gross margin was 70.7%, up 1.3 percentage points. Operating income was $6.88 million, a swing from an operating loss in the prior-year quarter.

Rapid7 reported first-quarter fiscal 2024 revenue of $205.1 million, up 12.0% from the prior-year quarter. Annualized recurring revenue was $807 million, an increase of 11% year over year. The customer count was 11,462, up 4%, and ARR per customer was $70.4, up 7%.

Rapid7 reported fourth-quarter revenue of $205.27 million, up 11.3% year over year. Full-year revenue reached $777.71 million, up 13.5%. The quarter's gross profit was $145.52 million, up 12.3%, and gross margin was 70.9%, up 0.7 percentage points.

Rapid7 reported third-quarter fiscal 2023 revenue of $198.8 million, up 13.1% year over year. Year-to-date revenue reached $572.4 million, up 14.3%. The company attributed the increase in total revenue primarily to existing customers, renewals, upsells and cross-sells.

Rapid7 posted $190.4 million of total revenue for the fiscal second quarter ended June 30, 2023, up 13.7% from the prior-year quarter. Products revenue of $181.7 million rose 14%, while professional services revenue of $8.7 million grew 5%. Year-to-date revenue of $373.6 million was up 15.0%.

Rapid7 reported first quarter fiscal 2023 revenue of $183.17 million, up 16.4% from the prior-year quarter. Gross profit rose 19.9% to $127.18 million, and gross margin reached 69.4%, up 2.0 percentage points.

Rapid7 closed fiscal 2022 with fourth-quarter revenue of $184.5 million, up 21.7% from the prior-year quarter. Full-year revenue reached $685.1 million, up 28.0%. The growth came with better profitability.

Rapid7 reported total revenue of $175.8 million for the third quarter of fiscal 2022, up 25.6% from the prior-year quarter. Annualized recurring revenue was $683.8 million, up 24% year-over-year, and the customer count reached 10,791, up 9%. ARR per customer was $63.4, up 14%.

Rapid7 reported a mixed second quarter of 2022. Revenue was $167.5 million, up 32.5% from the prior-year quarter. Gross profit rose 29.9% to $113.2 million. Gross margin slipped to 67.6%, down 1.3 percentage points from the prior-year quarter.

Rapid7 started fiscal 2022 with strong demand for its security platform. Total revenue for the first quarter was $157.38 million, up 34.0% from a year earlier. Annualized recurring revenue reached $627 million, up 38%. The customer base grew 16% to 10,407 accounts, and ARR per customer rose 18% to $60.3.

Rapid7 closed fiscal 2021 with fourth-quarter revenue of $151.6 million, up 34.0% from the prior-year quarter. Full-year revenue was $535.4 million, up 30.1%. Annualized recurring revenue ended the year at $599.0 million, up 38% year over year.

Rapid7's fiscal 2021 third quarter paired robust demand with a wider GAAP loss. Revenue reached $139.9 million, up 33.1% from the prior-year quarter. Gross profit was $96.4 million, up 30.2%, though gross margin slipped to 68.9%, down 1.5 percentage points.

Rapid7 paired its preliminary second quarter 2021 results with a sizable acquisition. The company closed the purchase of IntSights Cyber Intelligence Ltd., a provider of contextualized external threat intelligence, on July 16, 2021.

Rapid7 began fiscal 2021 with strong top-line momentum. Revenue rose 24.5% to $117.45 million for the first quarter. Annualized recurring revenue reached $455.8 million, up 30% year over year. The customer base grew 11% to 8,945, and ARR per customer rose 17% to $51.0.