Want to see RBRK full AI Analyst Report?
EarningsQ1 2027 Earnings Report
RBRK Q1 2027 EPS Results
Actual EPS$0.16
Consensus EPS-$0.03
Beat/MissBeat by +$0.19
One Year Ago EPS-$0.15
RBRK Q1 2027 Revenue Results
Actual Revenue$387.07M
Expected Revenue$366.31M
Beat/MissBeat by +$20.76M
YoY Revenue Growth+38.99%
Earnings Announcement Details
QuarterQ1 2027
Date06/04/2026
TimeAfter Close
Conference CallThursday, June 4, 2026
RBRK Upcoming Earnings
Rubrik, Inc. Class A's next earnings date is estimated for August 27, 2026, based on past reporting schedules.
Q1 2027 Earnings Call Audio
RBRK Q1 2027 Earnings Call
0:00 / 0:00
Q1 2027 Earnings Slide Deck
Q1 2027 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a strong, execution-focused quarter with multiple clear growth signals: robust ARR and subscription revenue growth, high net retention (~120%), record net new ARR, improving margins and cash generation, rapid identity ARR expansion, and early commercial traction for Agent Cloud underpinned by the Predibase acquisition and partnership access to Anthropic. The main caveats were an accounting headwind from material rights tied to the cloud transition (~$17M FY), potential external exposure to rising infrastructure costs (not felt materially this quarter), and the normal execution and timing risk associated with scaling a nascent Agent Cloud product. On balance, the positives significantly outweigh the headwinds, and management raised guidance based on momentum.Company Guidance
Record Q1 Performance and Key Metrics
Subscription ARR reached $1.57 billion, up 32% year-over-year; subscription revenue was $374 million, up 41% year-over-year; subscription net retention rate ~120%; customers with ≥$100k subscription ARR totaled 2,946, up 24% year-over-year; subscription ARR contribution margin improved by over 500 basis points year-over-year to 13.2% (LTM); free cash flow was $74 million (vs. $33 million prior-year Q1).
Strong Cloud ARR Growth and Record Net New ARR
Cloud ARR was $1.39 billion, up 43% year-over-year and representing 89% of subscription ARR; the company added $103 million in net new subscription ARR in the quarter (a Q1 record).
Revenue, Margins and Revenue Quality
Total revenue was $387 million, up 39% year-over-year; non-GAAP gross margin was 82.9% vs. 80.5% a year ago; revenue normalized for material rights grew ~43%, reflecting strong underlying ARR-driven revenue expansion.
Identity Business Momentum
Identity solutions exceeded $50 million in subscription ARR in Q1 and grew 38% sequentially quarter-over-quarter, showing rapid adoption (example win: large U.S. agricultural organization expanding into Entra ID and Okta protection after an attack).
Early Traction for Rubrik Agent Cloud and AI Capabilities
Predibase acquisition underpins Rubrik Agent Cloud and SAGE governance engine; early POCs are converting to production (notable win: U.S. financial services firm deployed Agent Cloud across AWS Bedrock and Microsoft Copilot for unified visibility, guardrails and remediation).
Large Enterprise Wins and Platform Strength
Examples of legacy replacement: a large U.K. public sector organization consolidated 400+ legacy backup policies onto Rubrik and a Global 2000 insurer displaced legacy and native cloud backup—demonstrating platform breadth across on‑prem, cloud, SaaS and identity.
Raised Guidance and Financial Outlook
Q2 revenue guidance $395–397 million (+27–28% YoY); full-year subscription ARR guidance $1.854–1.862 billion (~27% YoY); full-year revenue guidance $1.638–1.648 billion; expected full-year non‑GAAP subscription ARR contribution margin ~14%; full-year free cash flow guidance $293–303 million.
RBRK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed