RPD Stock — Rapid7, Inc.

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Feb 9, 2027 Est · unconfirmed · in 12 wks

Q3 2026 earnings call transcript

call held Nov 4, 2026

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Latest documents

what the company just published, in one sentence each

2026

Nov 4

Earnings call

Q3 2026 earnings call AI summary on its way

Nov 4

Quarterly report 10-Q FY2026 Q3, ended Sep 30

Revenue Drops $9.4 Million, Workforce Cut Approximately 12%

Rapid7 said total revenue decreased by $9.4 million for the nine months ended September 30, 2026, primarily due to lower exposure management and non-core products. Its 2026 Restructuring Plan reduces workforce by approximately 12%.

Revenue $212.4M ▼ 2.5% Net income $3.51M ▼ 64.2% Diluted EPS $0.05 ▼ 66.7%

Read from the MD&A section

3 source passages

Rapid7 is a global leader in AI-powered managed cybersecurity operations, trusted to advance organizations’ cyber resilience. Total revenue decreased by $9.4 million for the nine months ended September 30, 2026 as compared to the corresponding period in 2025, primarily driven by a decrease in exposure management, and, to a lesser degree, our non-core and standalone products, which excludes detection and response and exposure management product revenues. The 2026 Restructuring Plan includes reduction of the Company’s workforce by approximately 12%. Open the document at this passage

Nov 4

Current report 8-K

Financial results AI summary on its way

Sep 16

Investor event

Piper Sandler Growth Frontiers Conference AI summary on its way

Sep 8

Investor event

Citi Global TMT Conference AI summary on its way

All documents

Metrics snapshot

Useful current figures from the complete screener profile.

View all 125 metrics

Revenue (TTM)

$850.37M

Trailing 12 months

Net income (TTM)

$13.84M

Trailing 12 months

Revenue growth YoY

-2.5%

Year over year

Operating margin

1.6%

Trailing 12 months

P / E (TTM)

68.6

Trailing earnings · reciprocal yield 1.5%

FCF yield

14.2%

TTM · current market cap

Return on invested capital

2.5%

Trailing 12 months

Net cash

−$163.67M

Latest balance sheet

Dividend yield

—

Trailing 12 months

Shares change YoY

+7.7%

Year over year · more shares

Price change (1Y)

+4.6%

Trailing year

Short interest

10.0%

Latest settlement · 3.0 days to cover

View all 125 metrics

Quarterly results

Revenue Net income Net loss

▲5.4% $216.26M $2.17M '24 Q4* ▲2.5% $210.25M $2.10M '25 Q1 ▲3% $214.19M $8.34M '25 Q2 ▲1.5% $217.96M $9.81M '25 Q3 ▲0.5% $217.39M $3.13M '25 Q4* ▼0.3% $209.69M $1.13M '26 Q1 ▼1.5% $210.88M $6.07M '26 Q2 LATEST ▼2.5% $212.40M $3.51M '26 Q3

* Q4 derived as the full year minus Q1 to Q3.

AI Brief

Q3 FY26 earnings call · Nov 4, 2026

Q3 FY26

TL;DR. Rapid7 exceeded all Q3 guided metrics, maintained approximately 5% year-over-year growth in detection and response ARR, and kept its approximately $130 million full-year free cash flow outlook on track. However, total revenue and ARR declined year over year, exposure management and non-core ARR contracted, Q4 guidance points to further declines, and gross margin is expected to moderate as AWS and AI charges ramp.

Bullish

+ Rapid7 exceeded expectations across all Q3 guided metrics.
+ Q3 ARR was $820 million, $8 million above guidance.
+ Non-GAAP operating income was $46.2 million, with a 21.7% margin favorable to guidance.
+ The approximately $130 million full-year free cash flow outlook remained on track.
+ Core platform solutions represented approximately 85% of ARR and grew approximately 1% year over year, led by detection and response growth of approximately 5%.
+ Sales productivity improved notably over the prior year.

Bearish

− Q3 revenue declined approximately 3% year over year.
− Total ARR declined approximately 2% year over year as non-core ARR fell approximately 19%.
− Exposure management ARR declined approximately 6% year over year.
− Q4 ARR is expected to decline to approximately $812 million, with continued sequential declines from non-core offerings.
− Q4 revenue is expected to decline approximately 4% year over year at the midpoint, and full-year 2026 revenue is expected to decline approximately 2%.
− Non-GAAP gross margin is expected to moderate as AWS and AI charges ramp.

AI-generated from the earnings call and 8-K · may contain errors · not investment advice

Equibles Rating

blended score · not investment advice

Overall

Neutral

SellHoldBuy

Technical Neutral Momentum Strong Sentiment Bullish Fundamentals Fair Quant / Vol Very High

Market backdrop VIX 19.3 · elevated Equity put/call 0.63

Technical

price trend

Neutral

50 / 200-day cross No cross

Price vs 200-day avg +51%

above

Price vs 50-day avg +8%

above

RSI (14) 49

neutral

MACD trend Negative

52-week position 73%

mid-range

Volume (OBV) Confirms

volume backs price

Momentum

relative strength

Strong

1-month return +14%

trailing

6-month return +100%

trailing

YTD return −5%

this year

Relative strength +100%

vs S&P · 6-mo

Sentiment

smart money

Bullish

Trend (MA cross) No cross

50d $13 › 200d $10 — 50d above 200d

Institutional flow Accumulating

216 of 241 funds reported for Sep 30 · net +4.4M sh shares · +38 new

Insider flow Flat

No net insider activity over 90 days

Short interest Falling

9.98% of shares out · ▼ -10.1% MoM · 3.0 days cover

Volume signal Normal

Volume near normal

Institution breadth Multi-yr low

241 holders — near 3-yr low, contrarian setup

Squeeze score 66

elevated · 0–100

Fundamentals

Fair

Revenue growth +28%

Y/Y

Gross margin 88%

contracting

EPS growth −10%

Y/Y

Free cash flow $146.2M

Valuation P/E 68.6

rich

Balance sheet $645.6M

net debt

Quant / Vol

risk profile

Very High

Volatility 82%

annualized · 1-yr

Max drawdown −70%

past year

ATR 8.4%

of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

what management promised — and delivered

Beat or met 8 of last 8

Latest guidance · from the Earnings Call filed Aug 10, 2026

full year 2026

Total revenue $837M – $841M

prior FY $859.79M midpoint −2.4% Y/Y

Non-GAAP operating income Non-GAAP $129M – $133M

Non-GAAP earnings per share Non-GAAP Raised $1.78 – $1.83

Feb 10, 2026 $1.50 – $1.60 Aug 10, 2026 $1.78 – $1.83

2026

Restructuring charges $10M – $11M

fourth quarter 2026

Non-GAAP operating margin Non-GAAP 20%

Previous outlook earlier release · from the Earnings Call filed May 5, 2026

Still-open targets the latest release did not restate under the same label.

ARR · second quarter $820M

Prior guidance period ended · from the Earnings Call filed Aug 10, 2026

ARR · end of the third quarter $812M

Total revenue · third quarter $208M – $210M

Non-GAAP operating income · third quarter $34M – $36M

Non-GAAP earnings per diluted share · third quarter $0.44 – $0.47

Guided vs delivered · last 8 settled

Total revenue third quarter

guided $208M – $210M

guided $208M – $210M $212.4M Beat +1.6%

Total revenue second quarter 2026

guided $207M – $209M

guided $207M – $209M $210.88M Beat +1.4%

Anticipated GAAP net income per share, diluted Third Quarter 2024

guided $0.04 – $0.07

guided $0.04 – $0.07 $0.21 Beat +281.8%

Anticipated GAAP net income per share, diluted Full-Year 2024

guided $0.22 – $0.27

guided $0.22 – $0.27 $0.40 Beat +63.3%

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Neutral

1 · 4 · 2

50 / 200-day cross

No cross Neutral

Price vs 200-day avg

+51% Bullish

Price vs 50-day avg

+8% Bullish

RSI (14)

49 Neutral

MACD trend

Negative Bearish

52-week position

73% Neutral

Volume (OBV)

Confirms Neutral

Market signals — smart money & positioning

Bullish · 2 of 6

Trend (MA cross) No cross

50d $13 › 200d $10 — 50d above 200d

Institutional flow Accumulating

216 of 241 funds reported for Sep 30 · net +4.4M sh shares · +38 new

Insider flow Flat

No net insider activity over 90 days

Short interest Falling

9.98% of shares out · ▼ -10.1% MoM · 3.0 days cover

Volume signal Normal

Volume near normal

Institution breadth Multi-yr low

241 holders — near 3-yr low, contrarian setup

Price context

position in its 52-week range

Range low $5 Now $14 · 73% Range high $18

vs 200-day avg +51% vs 50-day avg +8%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

the company's own KPIs, from written earnings releases and filings

Metric	Latest	Period	YoY
Adjusted EBITDA non-GAAP	$35.85M	the three months ended June 30, 2026 filing	—
GAAP → non-GAAP reconciliation GAAP GAAP net income 6.07M -5.54M Interest income +2.53M Interest expense +162K Other expense (income), net -210K Provision for income taxes +2.65M Depreciation expense +8.58M Amortization of intangible assets +19.83M Stock-based compensation expense +98K Acquisition-related expenses +1.68M Restructuring expense = Adjusted EBITDA 35.85M
Annualized recurring revenue	$824M	second quarter 2026	—
Free cash flow non-GAAP	$31.9M	second quarter 2026	—
GAAP → non-GAAP reconciliation GAAP Net cash provided by operating activities 36.99M -1.15M Purchases of property and equipment -3.91M Capitalized internal-use software costs = Free cash flow 31.93M
Non-GAAP gross margin non-GAAP	72%	Three Months Ended June 30, 2026	—
Non-GAAP gross margin - product subscriptions non-GAAP	74%	Six Months Ended June 30, 2026	—
Non-GAAP gross profit non-GAAP	151.17M	Three Months Ended June 30, 2026 filing	—
Non-GAAP gross profit – product subscriptions non-GAAP	150.65M	Three Months Ended June 30, 2026 filing	—
GAAP → non-GAAP reconciliation GAAP GAAP gross profit – product subscriptions 145.13M +1.28M Stock-based compensation expense +4.25M Amortization of acquired intangible assets = Non-GAAP gross profit – product subscriptions 150.65M
Non-GAAP gross profit – professional services non-GAAP	516K	Three Months Ended June 30, 2026 filing	—
GAAP → non-GAAP reconciliation GAAP GAAP gross profit – professional services 212K +304K Stock-based compensation expense = Non-GAAP gross profit – professional services 516K
Non-GAAP income from operations non-GAAP	$28.9M	Q2 2026	—
GAAP → non-GAAP reconciliation GAAP GAAP income from operations 3.02M +19.83M Stock-based compensation expense +4.27M Amortization of acquired intangible assets +98K Acquisition-related expenses +1.68M Restructuring expense = Non-GAAP income from operations 28.89M
Non-GAAP net income non-GAAP	33.02M	Three Months Ended June 30, 2026 filing	—
GAAP → non-GAAP reconciliation GAAP GAAP net income 6.07M +19.83M Stock-based compensation expense +4.27M Amortization of acquired intangible assets +98K Acquisition-related expenses +1.08M Amortization of debt issuance costs +1.68M Restructuring expense +0K Discrete tax items = Non-GAAP net income 33.02M
Non-GAAP net income per share, basic non-GAAP	$0.49	Three Months Ended June 30, 2026 filing	—
Non-GAAP net income per share, diluted non-GAAP	$0.44	Three Months Ended June 30, 2026 filing	—
Non-GAAP operating margin non-GAAP	13.7%	Three Months Ended June 30, 2026 filing	—

Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

Versus peers

Software - Infrastructure — same industry group

Open screener →

Company	Mkt cap	YTD	Rev growth Y/Y	P/E	Short % shares
RPD Rapid7, Inc. this stock	$987.60M	-5.2%	+28.0%	68.6	10.0%
MSFT Microsoft Corp	$3.89T	+8.3%	+6.9%	27.4	0.8%
PLTR Palantir Technologies Inc.	$404.77B	-5.5%	+56.2%	117.5	2.3%
ORCL Oracle Corp	$379.03B	-35.7%	+17.3%	19.7	1.5%
PANW Palo Alto Networks Inc	$263.59B	+74.9%	+29.0%	—	2.5%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section

Ownership

Institutional Holders Accumulating

Holders

261

% held: 110.4%
Reported: 216 of 241
Top holder: BlackRock, Inc.

Held Float

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Held by Funds

Fund positions

209

View

Short & Settlement

Short Interest Falling

Shares short

6.8M

Days to cover: 3.0d
Change: -769.6K sh

View

Short Volume

Short vol %

71%

As of: Nov 13, 2026

Short Total

View

Fails to Deliver

FTD shares

1.4K

Value: $18.3K
As of: Oct 14, 2026

View

Off-Exchange

Off-exchange %

37.3%

Week of: Oct 5, 2026

Off-exch Lit

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Smart Money

Congressional Trades Sell

Member

Jefferson Shreve

Amount: $15.0K–$50.0K
Traded: May 12, 2025

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Financials

Revenue (FY)

$859.8M

Net income (FY): $23.4M
EPS diluted: $0.36

View

Filings

SEC Filings

Latest

10-Q

Filed: Nov 4, 2026
This year: 21

Rapid7 said total revenue decreased by $9.4 million for the nine months ended September 30, 2026, primarily due to lower exposure management and non-core products. Its 2026 Restructuring Plan reduces workforce by approximately 12%.

View

Proposed Sales

Value

$56.7K

Shares: 5.0K
Filed: Sep 4, 2026

View

Earnings & Events

Webcasts

Last webcast

Nov 4, 2026

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Investor Relations

	5D	20D	120D	MTD	YTD
RPD	-1.8%	+14.3%	+100.4%	-13.0%	-5.2%
SPY	+2.6%	-1.2%	+0.5%	-0.2%	+10.6%
vs SPY	-4.4%	+15.4%	+99.9%	-12.8%	-15.8%

RPD · Rapid7, Inc.

Price & Indicators

Up next

Latest documents

Metrics snapshot

Quarterly results

AI Brief

Equibles Rating

Guidance & track record

Technicals

Key metrics

Versus peers

At a glance

Performance