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Rubrik, Inc. Class A
(NYSE:RBRK)
Select Model
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Rating:69Neutral
Price Target:
$102.00
▲(10.09% Upside)
Action:Reiterated
Date:08/29/26
Overall score reflects improving fundamentals led by strong and growing free cash flow and high gross margins, reinforced by a positive earnings call with raised guidance and strong retention/ARR growth. Offsetting factors are balance-sheet risk from negative equity with sizable debt, plus limited valuation support due to ongoing losses (negative P/E). Technicals are supportive with a strong longer-term uptrend but a modest near-term consolidation signal.
Positive Factors
Subscription ARR and Customer Expansion
Strong recurring-revenue growth, high net retention, and expansion among large customers indicate durable product adoption. These trends support continued upselling, renewal strength, and operating leverage as enterprise data-security needs broaden.
Negative Factors
Negative Equity and Convertible Debt
Negative equity combined with sizable debt weakens financial flexibility and makes the capital structure more difficult to assess. Although cash resources are strong, liabilities could constrain strategic options if growth investment or cash conversion slows.
Read all positive and negative factors
Positive Factors
Negative Factors
Subscription ARR and Customer Expansion
Strong recurring-revenue growth, high net retention, and expansion among large customers indicate durable product adoption. These trends support continued upselling, renewal strength, and operating leverage as enterprise data-security needs broaden.
Read all positive factors
Rubrik, Inc. Class A (RBRK) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$19.15B
Dividend YieldN/A
Average Volume (3M)3.35M
Price to Earnings (P/E)―
Beta (1Y)1.81
Revenue Growth42.45%
EPS Growth46.36%
CountryUS
Employees3,797
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)-1.27
Shares Outstanding160,956,760
10 Day Avg. Volume4,295,278
30 Day Avg. Volume3,350,755
Financial Highlights & Ratios
PEG Ratio0.41
Price to Book (P/B)-21.16
Price to Sales (P/S)8.35
P/FCF Ratio43.40
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$116.57Price Target Upside25.81% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering25
EPS Forecast (FY)0.31
Revenue Forecast (FY)$1.64B
Rubrik, Inc. Class A Business Overview & Revenue Model
Company Description
Rubrik, Inc. operates as a global provider of advanced data security solutions, catering to a wide range of individuals and businesses. The company's comprehensive suite of offerings addresses various aspects of data protection, including securing...
How the Company Makes Money
Rubrik makes money primarily by selling subscriptions to its data security and cyber resilience software platform. Customers typically pay recurring fees (often structured annually and scaled by factors such as the amount of protected data, number...
Rubrik, Inc. Class A Earnings Call Summary
Earnings Call Date:Aug 27, 2026
(Q2-2027)
| % Change Since: |
Next Earnings Date:Dec 03, 2026
Earnings Call Sentiment Positive
The call conveyed strong operational momentum: sizable subscription ARR growth (+33% YoY), accelerating net new ARR, high retention (>119% NRR), expanding contribution margins (+460 bps), solid free cash flow generation and raised full-year guidance. Product momentum across Identity Resilience, Rubrik Agent Cloud and Rubrik Flex, along with several strategic customer wins, supports a positive growth narrative. Key caveats included a reduction in material-rights revenue that creates a reported revenue headwind, an analyst-flagged implied back-half net new ARR cadence slowdown (management stresses annual focus), cloud migration tailwinds winding down, and RAC still early in monetization. Overall, positives (strong growth, margin expansion, cash generation and raised guidance) materially outweigh the near-term caveats and execution risks.Positive Updates
Strong Subscription ARR Growth
Subscription ARR reached $1.66B, up 33% year-over-year, with approximately $96M of net new subscription ARR added in Q2.
Negative Updates
Material Rights Revenue Headwind
Material rights related to cloud transformation reduced reported revenue; Q2 material rights contributed ~$4.7M (down from $8.5M prior quarter) and management expects ~ $18M of material rights for the full year, creating a reported revenue headwind versus normalized growth.
Read all updates
Q2-2027 Updates
Positive
Negative
Strong Subscription ARR Growth
Subscription ARR reached $1.66B, up 33% year-over-year, with approximately $96M of net new subscription ARR added in Q2.
Read all positive updates
Company Guidance
Rubrik raised its outlook, guiding Q3 revenue of $429–431M (up ~23% YoY, or ~31% ex‑material‑rights) with material rights of ~$2–3M, non‑GAAP subscription ARR contribution margin of ~14% and non‑GAAP EPS of $0.07–0.09 on ~230M weighted shares; for full FY27 it expects subscription ARR of $1.88–1.885B (~+29% YoY), total revenue of $1.685–1.693B (with material rights of ~ $18M and normalized revenue growth said to outpace ARR growth), non‑GAAP subscription ARR contribution margin of ~15.5%, non‑GAAP EPS of $0.47–0.53 on ~228M shares, and free cash flow of $323–333M — guidance the company says is supported by Q2 results (subscription ARR $1.66B, net new subscription ARR ≈$96M, subscription revenue $407.2M, NRR >119% and Q2 free cash flow $65.7M).Rubrik, Inc. Class A Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
32
Negative
Cash Flow
74
Positive
| Breakdown | TTM | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.54B | 1.32B | 886.54M | 627.89M | 599.82M | 506.15M |
| Gross Profit | 1.24B | 1.05B | 620.80M | 389.69M | 320.25M | 269.87M |
| EBITDA | -204.44M | -162.18M | -1.08B | -196.34M | -153.79M | -144.90M |
| Net Income | -254.43M | -348.83M | -1.15B | -354.16M | -277.75M | -254.40M |
Balance Sheet | ||||||
| Total Assets | 2.85B | 2.77B | 1.42B | 873.61M | 769.18M | 518.98M |
| Cash, Cash Equivalents and Short-Term Investments | 1.75B | 1.68B | 705.14M | 279.25M | 295.91M | 138.81M |
| Total Debt | 1.13B | 1.13B | 350.81M | 309.29M | 216.04M | 33.21M |
| Total Liabilities | 3.35B | 3.29B | 1.98B | 1.58B | 1.14B | 623.61M |
| Stockholders Equity | -499.42M | -519.56M | -553.73M | -704.54M | -372.62M | -104.63M |
Cash Flow | ||||||
| Free Cash Flow | 321.34M | 253.28M | 31.34M | -16.85M | -15.01M | -103.23M |
| Operating Cash Flow | 340.15M | 282.91M | 48.23M | -4.52M | 19.29M | -82.78M |
| Investing Cash Flow | -212.13M | -830.09M | -383.44M | -93.62M | -125.19M | 8.42M |
| Financing Cash Flow | -28.88M | 736.50M | 398.02M | 95.95M | 171.82M | 22.87M |
Rubrik, Inc. Class A Technical Analysis
Neutral
92.65
Price Trends
85.49
Positive
74.23
Positive
68.61
Positive
Market Momentum
3.05
Positive
46.61
Neutral
14.30
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RBRK, the sentiment is Neutral. The current price of 92.65 is below the 20-day moving average (MA) of 96.28, above the 50-day MA of 85.49, and above the 200-day MA of 68.61, indicating a neutral trend. The MACD of 3.05 indicates Positive momentum. The RSI at 46.61 is Neutral, neither overbought nor oversold. The STOCH value of 14.30 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for RBRK.
Rubrik, Inc. Class A Risk Analysis
Rubrik, Inc. Class A disclosed 77 risk factors in its most recent earnings report. Rubrik, Inc. Class A reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Rubrik, Inc. Class A Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | $3.77T | 27.83 | 33.22% | 0.77% | 17.79% | 31.42% | |
77 Outperform | $18.54B | 11.97 | -395.76% | ― | 12.44% | 692.05% | |
70 Outperform | $2.94B | 40.41 | 15.70% | ― | 24.95% | ― | |
69 Neutral | $19.15B | -69.61 | 50.26% | ― | 42.45% | 46.36% | |
67 Neutral | $5.03B | -34.71 | -26.91% | ― | 15.86% | -33.39% | |
64 Neutral | $874.65M | -39.79 | -24.09% | ― | 13.85% | 61.09% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
RBRK
Rubrik, Inc. Class A
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-0.54
-0.62%
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Rubrik, Inc. Class A Corporate Events
Business Operations and StrategyExecutive/Board ChangesFinancial DisclosuresM&A Transactions
Rubrik Adds Director Amid Strong AI-Driven Growth
Positive
Aug 27, 2026
On August 26, 2026, Rubrik’s board expanded from eight to nine members and appointed financial services veteran and venture investor Rakefet Russak-Aminoach as a Class I director, with a term running through the 2028 annual meeting, bolsteri...
Executive/Board ChangesShareholder Meetings
Rubrik Shareholders Endorse Board, Auditor and Pay Practices
Positive
Jun 5, 2026
On June 3, 2026, Rubrik, Inc. held its 2026 Annual Meeting of Stockholders, where investors elected three Class II directors, Asheem Chandna, Ravi Mhatre, and Arvind Nithrakashyap, to serve until the 2029 annual meeting, reinforcing continuity on ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.