Jul 2026 (Q2 FY27) — Aug 27, 2026
Rubrik Q2 FY27 — Accelerated Net New ARR and Strong Profitability
Read the full callRubrik earnings: last reported Thu, 27 Aug 2026, for the quarter ended Jul 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 427 | +37.9% YoY | Quarterly, as filed | Quarter to Jul 2026 | Revenue from operations as filed. |
| Operating margin | -16.8 | +13.7 pts YoY | Operating profit / revenue | Quarter to Jul 2026 | For the quarter; a change is in percentage points. |
| Net profit | -61.8 | Quarterly, as filed | Quarter to Jul 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Guidance
12 of 12 judged targets kept · 20 open · verdicts reflect calls analysed to Apr 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Q1 FY27 non-GAAP subscription ARR contribution margin | 10% to 11% | Jan 2026 | Subscription ARR contribution margin was 13.2% in the last 12 months ended April 30 compared to 8% in the year ago period, an improvement of over 500 basis points. | Achieved |
| FY27 full-year free cash flow | modestly higher than FY26 | Oct 2025 | We expect free cash flow of $293 million to $303 million. | Revised Up |
| Q1 FY27 non-GAAP EPS | -$0.04 to -$0.02 (~204 million weighted average shares) | Jan 2026 | I'm proud to announce that we have once again exceeded all guided metrics across top line and profitability. | Pending |
20 of Rubrik, Inc.'s 32 targets are still open. See which are on track and which have gone quiet. The 3 above are the free sample; 29 more targets are in the full ledger.
Claimed
Qualified
Price
1Y: $77.22 on 17 Oct 2025 → $113.41. High $125.8 (6 Oct 2026), low $43.81 (10 Apr 2026).
Overview
Guidance
12 of 12 judged targets kept · 20 open · verdicts reflect calls analysed to Apr 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Q1 FY27 non-GAAP subscription ARR contribution margin | 10% to 11% | Jan 2026 | Subscription ARR contribution margin was 13.2% in the last 12 months ended April 30 compared to 8% in the year ago period, an improvement of over 500 basis points. | Achieved |
| FY27 full-year free cash flow | modestly higher than FY26 | Oct 2025 | We expect free cash flow of $293 million to $303 million. | Revised Up |
| Q1 FY27 non-GAAP EPS | -$0.04 to -$0.02 (~204 million weighted average shares) | Jan 2026 | I'm proud to announce that we have once again exceeded all guided metrics across top line and profitability. | Pending |
Claimed
Qualified
The full ledger
A free account opens 5 company ledgers a month. All 32 tracked commitments, with each call’s wording and source.
Call summaries
Rubrik Q2 FY27 — Accelerated Net New ARR and Strong Profitability
Read the full callRubrik Q1 FY27 — Strong Subscription ARR Growth and AI Resilience Momentum
Read the full callRubrik Q4 FY26 — Record Net New Subscription ARR and Strong Free Cash Flow
Read the full callEvery analysed call
Financials
Net profit, year on year: +36% (quarter to jul 2026 against jul 2025).
| Line item | Oct 2024 | Jan 2025 | Apr 2025 | Jul 2025 | Oct 2025 | Jan 2026 | Apr 2026 | Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 236 | 258 | 278 | 310 | 350 | 378 | 387 | 427 |
| Operating profit | -125 | -116 | -93 | -94 | -75 | -82 | -53 | -72 |
| Operating margin | −52.8% | −45.0% | −33.4% | −30.5% | −21.6% | −21.8% | −13.6% | −16.8% |
| Interest | 10 | 10 | — | — | — | — | — | — |
| Profit before tax | -129 | -114 | -101 | -94 | -61 | -71 | -37 | -56 |
| Tax rate | −1.5% | −1.1% | −1.3% | −1.9% | −4.8% | −23.2% | −12.5% | −9.7% |
| Net profit | -131 | -115 | -102 | -96 | -64 | -87 | -42 | -62 |
| EPS ($ per share) | -0.71 | — | -0.53 | -0.49 | -0.32 | — | -0.21 | -0.30 |
| Line item | Jan 2023 | Jan 2024 | Jan 2025 | Jan 2026 |
|---|---|---|---|---|
| Reserves | — | -1,683 | -2,837 | -3,186 |
| Total liabilities | — | 1,578 | 1,977 | 3,286 |
| Fixed assets | — | 48 | 53 | 84 |
| Total assets | — | 874 | 1,423 | 2,767 |
| Line item | Jan 2023 | Jan 2024 | Jan 2025 | Jan 2026 |
|---|---|---|---|---|
| Cash from operations | 19 | -5 | 48 | 283 |
| Cash from investing | -125 | -94 | -383 | -830 |
| Cash from financing | 172 | 96 | 398 | 737 |
| Net cash flow | 65 | -4 | 57 | 199 |
| Capital expenditure | -25 | -12 | -17 | -30 |
| Free cash flow | -6 | -17 | 31 | 253 |
| Segment | Q2 FY2025 | Q3 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | Q2 FY2027 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Software and Services | — | — | — | — | — | — | — | 100% | — |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
| KPI | Jan 2026 Q4 FY26 | Apr 2026 Q1 FY27 | Jul 2026 Q2 FY27 | Change vs prior quarter |
|---|---|---|---|---|
| Annual recurring revenue (ARR) Subscription | $1.46BFirst, subscription ARR reached $1.46 billion, growing 34% year-over-year.Source: earnings call transcript | $1.57BFirst, subscription ARR reached $1.57 billion, growing 32% year-over-year.Source: earnings call transcript | $1.66BFirst, subscription ARR reached $1.66 billion, growing 33% year-over-year.Source: earnings call transcript | +5.7% |
| Net revenue retention rate Subscription | 120%+Third, our subscription NRR remained strong, once again above 120%.Source: earnings call transcript | ~120%Third, our subscription NRR remained strong at approximately 120%.Source: earnings call transcript | 119%+Fourth, our subscription NRR remained strong at over 119%.Source: earnings call transcript | — |
| Customers above an annual spend threshold Subscription ARR of $100,000 or more | 2,805Fourth, customers with $100,000 or more in subscription ARR reached 2,805, growing 25% year-over-year.Source: earnings call transcript | 2,946Fourth, customers with $100,000 or more in subscription ARR reached 2,946 growing 24% year-over-year.Source: earnings call transcript | 3,084Customers with 100,000 or more in subscription ARR reached 3,084, growing 23% year-over-year.Source: earnings call transcript | +4.7% |
| Annual recurring revenue (ARR) Cloud | $1.29BContinued adoption of Rubrik Security Cloud resulted in $1.29 billion of cloud ARR up 48%.Source: earnings call transcript | $1.39BContinued adoption of Rubrik Security Cloud resulted in $1.39 billion of cloud ARR up 43%.Source: earnings call transcript | — | +7.8% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Q2 FY2027 · share of revenue
As RBRK cuts its regions in its filings; they can nest, so they need not add to 100%.
345 filings between Nov 3, 2025 and Oct 7, 2026.
Purchases
$502.2K
1 purchase by 1 insider
Sales
$68.88M
210 sales by 6 insiders
95% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Also filed: 67 conversions, 45 other filings, 2 gifts.
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Nithrakashyap Arvind | — | $37.72M | Oct 7, 2026 |
| Choudary Kiran Kumar | — | $15.58M | Sep 17, 2026 |
| THOMPSON JOHN WENDELL | — | $11.20M | Oct 1, 2026 |
| McCarthy Brian K. | — | $2.74M | Jan 12, 2026 |
| Mhatre Ravi | — | $1.07M | Jul 13, 2026 |
| Wassenaar Yvonne | — | $585.0K | Oct 5, 2026 |
| MCLAUGHLIN MARK D | $502.2K | — | Mar 30, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 7, 2026 | Nithrakashyap Arvind Chief Technology Officer | Sale 10b5-1 plan | 8,274 | $1.03M |
| Oct 7, 2026 | Nithrakashyap Arvind Chief Technology Officer | Sale 10b5-1 plan | 3,055 | $381.2K |
| Oct 7, 2026 | Nithrakashyap Arvind Chief Technology Officer | Sale 10b5-1 plan | 13 | $1.6K |
| Oct 7, 2026 | Nithrakashyap Arvind Chief Technology Officer | Conversion 10b5-1 plan | 12,820 | $0 |
| Oct 7, 2026 | Nithrakashyap Arvind Chief Technology Officer | Sale 10b5-1 plan | 1,478 | $182.3K |
| Oct 6, 2026 | Nithrakashyap Arvind Chief Technology Officer | Sale 10b5-1 plan | 11,101 | $1.40M |
| Oct 6, 2026 | Nithrakashyap Arvind Chief Technology Officer | Sale 10b5-1 plan | 68 | $8.7K |
| Oct 6, 2026 | Nithrakashyap Arvind Chief Technology Officer | Conversion 10b5-1 plan | 12,820 | $0 |
| Oct 6, 2026 | Nithrakashyap Arvind Chief Technology Officer | Sale 10b5-1 plan | 582 | $73.0K |
| Oct 6, 2026 | Nithrakashyap Arvind Chief Technology Officer | Sale 10b5-1 plan | 1,069 | $135.6K |
| Oct 5, 2026 | Nithrakashyap Arvind Chief Technology Officer | Sale 10b5-1 plan | 901 | $109.2K |
| Oct 5, 2026 | Nithrakashyap Arvind Chief Technology Officer | Sale 10b5-1 plan | 2,801 | $341.6K |
| Oct 5, 2026 | Nithrakashyap Arvind Chief Technology Officer | Sale 10b5-1 plan | 110 | $13.2K |
| Oct 5, 2026 | Nithrakashyap Arvind Chief Technology Officer | Sale 10b5-1 plan | 5,600 | $688.7K |
| Oct 5, 2026 | Nithrakashyap Arvind Chief Technology Officer | Sale 10b5-1 plan | 495 | $58.9K |
| Oct 5, 2026 | Nithrakashyap Arvind Chief Technology Officer | Conversion 10b5-1 plan | 2,501 | $0 |
| Oct 5, 2026 | Nithrakashyap Arvind Chief Technology Officer | Sale 10b5-1 plan | 2,913 | $360.6K |
| Oct 5, 2026 | Wassenaar Yvonne Director | Sale 10b5-1 plan | 721 | $85.8K |
| Oct 1, 2026 | THOMPSON JOHN WENDELL Director | Conversion 10b5-1 plan | 11,000 | $0 |
| Oct 1, 2026 | THOMPSON JOHN WENDELL Director | Sale 10b5-1 plan | 1,700 | $196.6K |
| Oct 1, 2026 | THOMPSON JOHN WENDELL Director | Sale 10b5-1 plan | 2,394 | $278.8K |
| Oct 1, 2026 | THOMPSON JOHN WENDELL Director | Sale 10b5-1 plan | 300 | $34.4K |
| Oct 1, 2026 | THOMPSON JOHN WENDELL Director | Sale 10b5-1 plan | 7,710 | $891.0K |
| Oct 1, 2026 | THOMPSON JOHN WENDELL Director | Sale 10b5-1 plan | 896 | $102.8K |
| Oct 1, 2026 | THOMPSON JOHN WENDELL Director | Sale 10b5-1 plan | 500 | $58.2K |
| Sep 25, 2026 | Sinha Bipul Chairman of the Board and CEO | Gift | 55,000 | $0 |
| Sep 24, 2026 | Sinha Bipul Chairman of the Board and CEO | Conversion | 55,000 | — |
| Sep 24, 2026 | Sinha Bipul Chairman of the Board and CEO | Conversion | 500,000 | — |
| Sep 17, 2026 | Choudary Kiran Kumar Chief Financial Officer | Sale 10b5-1 plan | 2,572 | $277.9K |
| Sep 17, 2026 | Choudary Kiran Kumar Chief Financial Officer | Sale 10b5-1 plan | 2,728 | $293.0K |
| Sep 17, 2026 | Choudary Kiran Kumar Chief Financial Officer | Sale 10b5-1 plan | 200 | $20.4K |
| Sep 17, 2026 | Choudary Kiran Kumar Chief Financial Officer | Sale 10b5-1 plan | 200 | $20.8K |
| Sep 17, 2026 | Choudary Kiran Kumar Chief Financial Officer | Sale 10b5-1 plan | 300 | $31.8K |
| Sep 15, 2026 | Choudary Kiran Kumar Chief Financial Officer | Tax withheld 10b5-1 plan | 13,995 | $1.40M |
| Sep 15, 2026 | Choudary Kiran Kumar Chief Financial Officer | Sale 10b5-1 plan | 700 | $71.9K |
| Sep 15, 2026 | Choudary Kiran Kumar Chief Financial Officer | Sale 10b5-1 plan | 1,100 | $109.0K |
| Sep 15, 2026 | Choudary Kiran Kumar Chief Financial Officer | Sale 10b5-1 plan | 586 | $58.7K |
| Sep 15, 2026 | Choudary Kiran Kumar Chief Financial Officer | Sale 10b5-1 plan | 1,214 | $123.2K |
| Sep 15, 2026 | Nithrakashyap Arvind Chief Technology Officer | Tax withheld | 10,436 | $1.05M |
| Sep 15, 2026 | Choudary Kiran Kumar Chief Financial Officer | Conversion 10b5-1 plan | 4,000 | $0 |
| Sep 15, 2026 | Choudary Kiran Kumar Chief Financial Officer | Sale 10b5-1 plan | 400 | $41.4K |
| Sep 10, 2026 | Nithrakashyap Arvind Chief Technology Officer | Sale 10b5-1 plan | 4,844 | $434.7K |
| Sep 10, 2026 | Nithrakashyap Arvind Chief Technology Officer | Sale 10b5-1 plan | 611 | $54.5K |
| Sep 10, 2026 | Nithrakashyap Arvind Chief Technology Officer | Conversion 10b5-1 plan | 12,820 | $0 |
| Sep 10, 2026 | Nithrakashyap Arvind Chief Technology Officer | Sale 10b5-1 plan | 4,675 | $424.9K |
| Sep 10, 2026 | Nithrakashyap Arvind Chief Technology Officer | Sale 10b5-1 plan | 2,321 | $212.8K |
| Sep 10, 2026 | Nithrakashyap Arvind Chief Technology Officer | Sale 10b5-1 plan | 369 | $32.3K |
| Sep 9, 2026 | Nithrakashyap Arvind Chief Technology Officer | Sale 10b5-1 plan | 5,297 | $478.9K |
| Sep 9, 2026 | Nithrakashyap Arvind Chief Technology Officer | Sale 10b5-1 plan | 3,237 | $295.1K |
| Sep 9, 2026 | Nithrakashyap Arvind Chief Technology Officer | Conversion 10b5-1 plan | 12,820 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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