Rapid7 Inc. ( (RPD) ) has released its Q1 earnings. Here is a breakdown of the information Rapid7 Inc. presented to its investors.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Rapid7 Inc. is a cybersecurity company specializing in threat detection and risk management solutions, serving over 11,000 global customers with a focus on simplifying cybersecurity challenges.
In its first quarter of 2025, Rapid7 reported a 4% increase in annualized recurring revenue, reaching $837 million, alongside a total revenue of $210 million, marking a 3% year-over-year growth. Despite a slight operating loss under GAAP, the company achieved a non-GAAP operating income of $32 million.
Key financial metrics highlighted include a 4% increase in product subscriptions revenue and a 2% rise in ARR per customer. The company also saw a 10% growth in revenue from international markets. Strategic initiatives included the launch of new services like the Managed Detection & Response for Enterprise and the introduction of an Intelligence Hub within its Command Platform.
Looking ahead, Rapid7 remains optimistic about its growth prospects, focusing on operational discipline and strategic investments to enhance its market position. The company anticipates improved ARR in the latter half of the year, supported by its continued commitment to innovation and customer engagement.