Rubrik, Inc.

Rubrik, Inc.

RBRKInfrastructure

Rubrik is a cybersecurity and data management company focused on Zero Trust Data Security.

Key figures

Data as of Jul 2026 · Pills compare vs Apr 2026
ARR Multiple
14.4x
+5.6x
ARR
$1.7B
+10.4%
YoY Growth
37.9%
-1.1pp
Market Cap
$24.5B
+63.7%
Revenue (Q)
$427M
+10.4%
Gross Margin
78.4%
-2.1pp
Op. Margin
-16.8%
-3.2pp
Rule of 40
21.1
-4.8
Magic Number
0.83
+0.66

Revenue, margins & ratios from SEC filings; market cap & ARR multiple from market data. Market cap & ARR multiple use the close of 13 Oct 2026; their pills compare vs the Jul 2026 quarter-end (8.8x).

Valuation by quarter

Current ARR Multiple: 8.8x· Forward at Q3 FY2027 guidance: 8.7x

Calculated valuation

FRAMEWORK EST.
Valuation data is not available for this company.

Strategy recommendations

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AI Replacement RiskLOW
9/ 100
LowModerateElevatedHigh

Estimated likelihood that general-purpose AI replaces this product.

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Why this rating

From the AI Risk Calculator model

Structural moats (regulation, integration depth, or proprietary data) make AI-only replacement unlikely in the near term.

What's driving the score
SecurityCategory baseline
low base
Workflow complexity5/5
-12 risk
Data moat3/5
-1 risk
Integration depthHigh
-10 risk
SegmentEnterprise
-8 risk
IndustryOther
neutral
Own AI integration2/5
+1.6 risk

Company overview

Rubrik is a cybersecurity and data management company focused on Zero Trust Data Security. It helps organizations protect, monitor, and recover data from cyberattacks, especially ransomware. Bipul Sinha, Arvind Jain, Soham Mazumdar, and Arvind Nithrakashyap founded it in 2014 in Palo Alto, California. The company went public on the NYSE in April 2024.

The Security Cloud platform brings together data protection, threat analytics, and security posture management across enterprise, cloud, and SaaS environments. The core idea is immutable, air-gapped backups that ransomware can't encrypt or delete. Machine learning detects anomalies within backup data, and surgical recovery restores only clean data to minimize downtime. Say your organization gets hit with ransomware on a Tuesday. Rubrik can identify exactly which files were compromised and restore only the clean versions, rather than rolling everything back to last weekend's full backup.

Capabilities include automated backup and recovery for VMware, Hyper-V, SQL Server, Oracle, and NAS. Native protection for AWS, Azure, and Google Cloud workloads. SaaS data protection for Microsoft 365 and Salesforce. Security posture management provides continuous sensitive data discovery, access monitoring, and cyber recovery simulation. Threat Hunting and Monitoring scan backups for malware signatures and anomalous encryption patterns.

Over 6,000 customers use the platform, including about 30% of the Fortune 500. Financial services, healthcare, government, and retail are the primary verticals. Annual recurring revenue exceeds $900 million and grows rapidly. Gross margins sit around 80%. Rubrik employs over 3,000 people and competes with Cohesity, Veeam, Commvault, and Veritas.

Entity information

Industry7372: Services-Prepackaged Software
Fiscal YearJan 31
IncorporatedDelaware
Phone(844) 478-2745
Address3495 DEER CREEK ROAD, PALO ALTO, CA, 94304
Mailing address3495 DEER CREEK ROAD, PALO ALTO, CA, 94304
EIN46-4560494
Entity typeoperating
SEC industry framework06 Technology
Former namesRubrik, Inc. (to 2026-10-02)

SaaS KPIs

Reported in at least 3 quarters

Average Subscription Dollar-Based Net Retention Rate

10 quarters
over 119%
Q2 FY2027-1.0pp

Cloud ARR

10 quarters
$1.48B
Q2 FY2027+6.2%

Subscription ARR

10 quarters
$1.66B
Q2 FY2027+5.7%

Free Cash Flow

9 quarters
$65.7M
Q2 FY2027-10.7%

Free Cash Flow Margin

9 quarters
15%
Q2 FY2027-4.0pp

Non-GAAP Gross Margin

7 quarters
81.0%
Q2 FY2027-1.8pp

Management outlook

Given with Q2 FY2027 results (Jul 2026)
ReportedGuidance

Guided revenue, Q3 FY2027$429.0M – $431.0M
Midpoint$430.0M
Growth vs Q2 FY2027+0.6%
Growth vs Q3 FY2026+22.8%
Q3 FY27
Non-GAAP subscription ARR contribution marginapproximately 14%
Non-GAAP net income per share$0.07 - $0.09
Weighted-average shares outstandingapproximately 230 million
Full Year FY27
Subscription ARR$1,880 million - $1,885 million
Revenue$1,685 million - $1,693 million
Non-GAAP subscription ARR contribution marginapproximately 15.5%
Non-GAAP net income per share$0.47 - $0.53
Weighted-average shares outstandingapproximately 228 million
Free cash flow$323 million - $333 million

Quarterly financials

Left axis in $ (Revenue, Gross profit, Net income, S&M); right axis for ratios (Rule of 40, Magic number). Click a legend item to toggle it.

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