Rapid7 (RPD) Financials

$6.83 +0.15 (+2.31%)

As of 11:10 AM Eastern

Annual Income Statements for Rapid7

This table shows Rapid7's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-85	-99	-49	-45	-56	-54	-99	-146	-125	-153	26
Consolidated Net Income / (Loss)	-33	-50	-49	-45	-56	-54	-99	-146	-125	-153	26
Net Income / (Loss) Continuing Operations	-33	-50	-49	-45	-56	-54	-99	-146	-125	-153	26
Total Pre-Tax Income	-32	-49	-49	-48	-55	-54	-97	-136	-122	-153	41
Total Operating Income	-29	-47	-49	-49	-53	-46	-74	-120	-112	-84	35
Total Gross Profit	58	81	118	144	173	236	290	366	471	546	593
Total Revenue	77	111	157	201	244	327	411	535	685	778	844
Operating Revenue	77	111	157	201	244	327	411	535	685	778	844
Total Cost of Revenue	18	29	40	57	71	91	122	169	214	232	251
Operating Cost of Revenue	18	29	40	57	71	91	122	169	214	232	251
Total Operating Expenses	88	128	167	193	226	282	364	487	582	630	558
Selling, General & Admin Expense	13	22	28	30	35	45	60	78	85	85	86
Marketing Expense	49	67	91	112	123	158	196	247	307	314	299
Research & Development Expense	26	39	48	51	68	79	109	161	190	178	173
Impairment Charge	-	-	-	-	-	-	-	0.00	0.00	31	0.00
Restructuring Charge	-	-	-	-	-	-	-	0.00	0.00	22	0.00
Total Other Income / (Expense), net	-3.11	-2.80	0.02	1.09	-2.04	-7.81	-23	-16	-11	-69	6.42
Interest Expense	-	-	-	0.09	4.93	13	24	14	11	65	11
Interest & Investment Income	-2.80	-2.52	0.13	0.86	3.23	6.01	1.45	0.37	1.81	10	21
Other Income / (Expense), net	-0.31	-0.28	-0.11	0.31	-0.34	-0.43	-0.08	-1.92	-1.52	-15	-3.68
Income Tax Expense	0.38	0.50	-0.03	-2.24	0.47	0.04	1.99	10	2.41	-0.52	16
Basic Earnings per Share	($6.65)	($4.00)	($1.19)	($1.06)	($1.20)	($1.10)	($1.94)	($2.65)	($2.13)	($2.52)	$0.41
Weighted Average Basic Shares Outstanding	12.77M	24.74M	41.25M	42.95M	46.46M	48.73M	51.04M	55.27M	58.55M	60.76M	62.61M
Diluted Earnings per Share	($6.65)	($4.00)	($1.19)	($1.06)	($1.20)	($1.10)	($1.94)	($2.65)	($2.13)	($2.52)	$0.40
Weighted Average Diluted Shares Outstanding	12.77M	24.74M	41.25M	42.95M	46.46M	48.73M	51.04M	55.27M	58.55M	60.76M	63.18M
Weighted Average Basic & Diluted Shares Outstanding	12.77M	24.74M	41.25M	42.95M	46.46M	48.73M	51.04M	58.08M	60.04M	61.99M	63.97M

This table shows Rapid7's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025
Net Income / (Loss) Attributable to Common Shareholders	-26	-67	-77	16	1.41	6.54	15	-1.48	2.11	8.34	9.81
Consolidated Net Income / (Loss)	-26	-67	-77	16	1.41	6.54	15	-1.48	2.11	8.34	9.81
Net Income / (Loss) Continuing Operations	-26	-67	-77	16	1.41	6.54	15	-1.48	2.11	8.34	9.81
Total Pre-Tax Income	-25	-66	-75	12	10	7.08	18	2.03	4.81	10	9.31
Total Operating Income	-24	-52	-16	7.38	9.72	5.22	13	3.63	-0.10	3.49	5.90
Total Gross Profit	127	132	141	145	144	147	151	150	151	151	153
Total Revenue	183	190	199	205	205	208	215	216	210	214	218
Operating Revenue	183	190	199	205	205	208	215	216	210	214	218
Total Cost of Revenue	56	58	58	60	61	61	63	66	59	63	65
Operating Cost of Revenue	56	58	58	60	61	61	63	66	59	63	65
Total Operating Expenses	151	184	157	138	134	142	139	146	151	148	147
Selling, General & Admin Expense	24	23	18	20	20	23	19	25	24	21	21
Marketing Expense	81	83	76	74	73	78	75	74	79	79	79
Research & Development Expense	46	51	40	41	41	40	45	48	48	47	47
Total Other Income / (Expense), net	-1.36	-14	-58	5.05	0.62	1.85	5.55	-1.59	4.91	6.84	3.41
Interest Expense	2.72	2.77	57	2.70	2.67	2.67	2.84	2.78	2.65	2.63	2.59
Interest & Investment Income	1.67	1.79	2.55	4.18	4.72	5.22	5.57	5.55	5.76	5.51	6.17
Other Income / (Expense), net	-0.31	-13	-4.52	3.57	-1.44	-0.70	2.81	-4.36	1.80	3.96	-0.17
Income Tax Expense	0.59	0.87	2.08	-4.06	8.93	0.54	2.95	3.51	2.70	2.00	-0.50
Basic Earnings per Share	($0.43)	($1.10)	($1.25)	$0.26	$0.02	$0.10	$0.24	($0.02)	$0.03	$0.13	$0.15
Weighted Average Basic Shares Outstanding	59.89M	60.47M	61.07M	60.76M	61.91M	62.50M	62.90M	62.61M	63.84M	64.44M	64.97M
Diluted Earnings per Share	($0.43)	($1.10)	($1.25)	$0.26	$0.02	$0.09	$0.21	$0.04	$0.03	$0.13	$0.15
Weighted Average Diluted Shares Outstanding	59.89M	60.47M	61.07M	60.76M	74.02M	74.25M	74.54M	63.18M	64.22M	64.70M	65.18M
Weighted Average Basic & Diluted Shares Outstanding	60.35M	60.97M	61.45M	61.99M	62.32M	62.73M	63.21M	63.97M	64.24M	64.75M	65.48M

This table details how cash moves in and out of Rapid7's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	16	50	-33	-1.39	48	24	50	-8.60	43	6.32	128
Net Cash From Operating Activities	-3.36	-1.91	9.11	13	6.07	-1.42	4.89	54	78	104	172
Net Cash From Continuing Operating Activities	-3.36	-1.91	9.11	13	6.07	-1.42	4.89	54	78	104	172
Net Income / (Loss) Continuing Operations	-33	-50	-49	-45	-56	-54	-99	-146	-125	-153	26
Consolidated Net Income / (Loss)	-33	-50	-49	-45	-56	-54	-99	-146	-125	-153	26
Depreciation Expense	4.14	5.35	6.73	7.63	11	17	23	34	41	46	45
Amortization Expense	0.55	1.13	0.00	0.00	3.83	11	18	3.98	4.09	4.14	4.45
Non-Cash Adjustments To Reconcile Net Income	2.74	12	19	20	29	41	66	107	120	212	106
Changes in Operating Assets and Liabilities, net	22	29	33	31	18	-16	-2.73	56	38	-5.27	-9.65
Net Cash From Investing Activities	-7.08	-43	-43	-22	-194	17	-156	-325	-40	-179	-47
Net Cash From Continuing Investing Activities	-7.08	-43	-43	-22	-194	17	-156	-325	-40	-179	-47
Purchase of Property, Plant & Equipment	-7.08	-4.14	-4.50	-5.99	-16	-36	-20	-19	-38	-20	-18
Acquisitions	0.00	-39	0.00	-15	-14	-15	-126	-358	0.00	-35	-37
Purchase of Investments	0.00	0.00	-39	-35	-233	-148	-177	-93	-123	-277	-242
Sale and/or Maturity of Investments	-	0.00	0.00	34	70	215	167	148	121	150	251
Other Investing Activities, net	-	0.00	0.00	-	-	0.00	0.00	-3.00	-1.00	2.71	0.36
Net Cash From Financing Activities	27	95	1.16	7.27	236	8.79	201	264	7.42	80	5.58
Net Cash From Continuing Financing Activities	27	95	1.16	7.27	236	8.79	201	264	7.42	80	5.58
Repayment of Debt	-0.26	-19	-0.07	-	0.00	0.00	-0.44	-230	-0.08	-200	0.00
Payment of Dividends	-	-	-	-	-	0.00	-0.15	-12	-0.30	-2.25	-0.50
Issuance of Debt	0.00	112	3.72	2.91	227	5.52	230	594	12	303	9.25
Other Financing Activities, net	-0.37	1.30	-2.50	4.35	-22	3.27	-28	-88	-4.14	-22	-3.16
Effect of Exchange Rate Changes	-0.02	-0.20	-0.20	0.28	-0.69	-0.33	0.68	-1.27	-2.85	1.20	-2.76
Cash Interest Paid	2.10	1.43	0.01	0.00	0.00	2.78	5.46	7.35	6.68	4.61	6.36
Cash Income Taxes Paid	0.06	0.34	0.56	0.80	0.19	0.40	0.31	3.31	1.57	1.62	8.95

This table details how cash moves in and out of Rapid7's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025
Net Change in Cash & Equivalents	-1.53	-20	-3.23	31	-7.76	38	-14	112	-43	-37	-131
Net Cash From Operating Activities	5.84	31	3.67	63	31	33	44	64	30	48	39
Net Cash From Continuing Operating Activities	5.84	31	3.67	63	31	33	44	64	30	48	39
Net Income / (Loss) Continuing Operations	-26	-67	-77	16	1.41	8.20	17	-1.48	2.11	8.34	9.81
Consolidated Net Income / (Loss)	-26	-67	-77	16	1.41	8.20	17	-1.48	2.11	8.34	9.81
Depreciation Expense	11	12	12	11	11	11	11	11	12	11	11
Amortization Expense	0.99	1.03	1.04	1.08	1.05	1.06	1.22	1.12	1.02	1.00	1.10
Non-Cash Adjustments To Reconcile Net Income	30	75	85	22	26	26	21	34	26	24	26
Changes in Operating Assets and Liabilities, net	-11	10	-18	13	-8.28	-14	-6.45	19	-11	2.78	-9.45
Net Cash From Investing Activities	-10	-52	-83	-34	-42	6.90	-65	53	-79	-41	-172
Net Cash From Continuing Investing Activities	-10	-52	-83	-34	-42	6.90	-65	53	-79	-41	-172
Purchase of Property, Plant & Equipment	-7.06	-5.72	-4.25	-3.21	-3.54	-3.65	-5.47	-4.93	-5.08	-5.26	-8.09
Purchase of Investments	-4.88	-75	-114	-83	-93	-65	-85	-	-144	-88	-271
Sale and/or Maturity of Investments	36	30	35	50	55	75	62	58	69	52	107
Other Investing Activities, net	-	-	-	2.71	0.00	-	-	-	1.33	-	0.46
Net Cash From Financing Activities	2.84	1.18	78	-2.20	4.36	-1.00	3.44	-1.22	4.73	-47	1.56
Net Cash From Continuing Financing Activities	2.84	1.18	78	-2.20	4.36	-1.00	3.44	-1.22	4.73	-47	1.56
Repayment of Debt	-	-	-	-	-	-	-	-	-	-	-0.40
Issuance of Debt	6.17	-	298	-0.71	5.05	-	4.20	-	4.45	-	3.26
Other Financing Activities, net	-1.09	1.18	-20	-1.49	-0.68	-1.00	-0.76	-0.72	0.29	-0.60	-0.54
Effect of Exchange Rate Changes	-0.03	-0.30	-1.67	3.21	-1.49	-0.58	2.85	-3.53	1.33	3.51	0.43
Cash Interest Paid	0.75	2.59	-2.17	3.44	2.70	0.52	2.63	0.52	1.57	1.40	2.80
Cash Income Taxes Paid	0.17	1.06	2.87	-2.46	2.35	3.15	1.57	1.88	0.99	4.72	1.41

This table presents Rapid7's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	87	231	243	284	559	665	913	1,296	1,359	1,505	1,652
Total Current Assets	66	137	130	173	356	365	473	433	510	634	786
Cash & Equivalents	37	87	53	52	100	123	174	165	207	214	335
Short-Term Investments	-	0.00	19	39	159	116	139	59	84	170	187
Accounts Receivable	25	44	49	74	75	88	112	146	152	165	168
Prepaid Expenses	4.21	6.15	9.15	8.88	9.75	20	28	33	32	41	44
Other Current Assets	-	-	-	-	12	17	22	30	35	45	52
Plant, Property, & Equipment, net	7.92	7.53	8.09	8.59	18	51	53	50	58	40	32
Total Noncurrent Assets	13	86	105	102	186	250	387	813	791	831	834
Long-Term Investments	-	0.00	20	1.10	45	23	10	34	9.76	56	37
Goodwill	11	75	75	83	88	98	214	515	516	536	575
Intangible Assets	1.16	11	8.95	17	24	29	44	112	101	95	86
Other Noncurrent Operating Assets	0.18	0.21	0.76	1.36	29	100	119	152	164	144	135
Total Liabilities & Shareholders' Equity	87	231	243	284	559	665	913	1,296	1,359	1,505	1,652
Total Liabilities	122	162	201	260	472	582	842	1,422	1,479	1,624	1,634
Total Current Liabilities	74	116	146	189	235	287	354	469	531	570	630
Short-Term Debt	-	-	-	-	-	-	-	-	-	0.00	46
Accounts Payable	3.54	2.04	4.01	2.24	7.05	6.84	3.86	3.52	10	16	19
Accrued Expenses	12	25	23	30	37	41	62	83	80	85	89
Current Deferred Revenue	58	88	117	156	190	232	279	372	427	456	461
Other Current Liabilities	0.64	1.11	1.20	1.71	0.71	7.30	9.61	10	14	13	15
Total Noncurrent Liabilities	48	47	56	70	237	295	488	953	948	1,054	1,004
Long-Term Debt	17	-	-	-	175	185	379	812	816	930	888
Noncurrent Deferred Revenue	27	42	52	69	59	36	31	33	31	33	27
Other Noncurrent Operating Liabilities	4.22	4.32	3.50	1.81	3.66	74	78	108	101	91	89
Total Equity & Noncontrolling Interests	-247	68	42	24	87	83	72	-126	-120	-118	18
Total Preferred & Common Equity	-247	68	42	24	87	83	72	-126	-120	-118	18
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	-247	68	42	24	87	83	72	-126	-120	-118	18
Common Stock	0.13	412	436	464	557	606	693	616	747	899	1,012
Retained Earnings	-243	-340	-389	-435	-465	-518	-617	-736	-861	-1,014	-988
Treasury Stock	-3.53	-3.53	-4.39	-4.76	-4.76	-4.76	-4.76	-4.76	-4.76	-4.77	-4.77
Accumulated Other Comprehensive Income / (Loss)	-	0.00	-0.02	-0.04	-0.03	0.21	0.45	-0.81	-1.41	1.34	-1.21

This table presents Rapid7's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025
Total Assets	1,296	1,329	1,356	1,399	1,488	1,527	1,575	1,645	1,649	1,666
Total Current Assets	439	455	525	536	626	674	673	733	755	635
Cash & Equivalents	168	206	186	183	199	237	223	291	261	131
Short-Term Investments	83	56	108	139	213	206	221	202	250	277
Accounts Receivable	121	117	136	138	125	144	142	141	151	141
Prepaid Expenses	33	40	56	35	43	39	37	48	43	39
Other Current Assets	33	36	39	41	47	49	50	51	49	48
Plant, Property, & Equipment, net	55	57	47	42	37	35	34	32	30	32
Total Noncurrent Assets	801	818	784	821	825	817	868	881	865	999
Long-Term Investments	17	7.34	2.44	51	52	51	60	99	88	227
Goodwill	516	538	536	536	536	536	575	575	575	575
Intangible Assets	104	111	105	100	89	84	91	80	75	70
Other Noncurrent Operating Assets	165	161	140	134	148	146	142	126	126	127
Total Liabilities & Shareholders' Equity	1,296	1,329	1,356	1,399	1,488	1,527	1,575	1,645	1,649	1,666
Total Liabilities	1,438	1,440	1,467	1,561	1,575	1,580	1,581	1,592	1,558	1,539
Total Current Liabilities	487	494	520	508	524	579	574	589	556	535
Short-Term Debt	-	-	-	-	-	46	46	46	0.00	0.00
Accounts Payable	14	8.48	8.99	8.95	12	13	6.01	12	16	16
Accrued Expenses	64	58	69	63	61	67	82	69	78	81
Current Deferred Revenue	392	414	429	422	438	437	424	448	447	423
Other Current Liabilities	17	14	13	13	14	16	16	14	15	16
Total Noncurrent Liabilities	951	946	946	1,053	1,051	1,001	1,007	1,003	1,002	1,004
Long-Term Debt	815	817	818	929	931	886	887	889	890	891
Noncurrent Deferred Revenue	32	32	30	29	29	28	28	28	29	28
Other Noncurrent Operating Liabilities	104	97	98	95	91	87	92	86	83	85
Total Equity & Noncontrolling Interests	-142	-110	-111	-162	-86	-53	-6.30	53	90	127
Total Preferred & Common Equity	-142	-110	-111	-162	-86	-53	-6.30	53	90	127
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	-142	-110	-111	-162	-86	-53	-6.30	53	90	127
Common Stock	719	781	847	874	926	952	980	1,043	1,069	1,097
Retained Earnings	-849	-887	-953	-1,030	-1,008	-1,000	-983	-986	-978	-968
Treasury Stock	-4.76	-4.77	-4.77	-4.77	-4.77	-4.77	-4.77	-4.77	-4.77	-4.77
Accumulated Other Comprehensive Income / (Loss)	-6.70	-0.20	0.25	-0.82	-0.22	-0.85	1.93	0.42	3.51	2.46

This table displays calculated financial ratios and metrics derived from Rapid7's official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	28.07%	43.76%	42.44%	27.63%	21.47%	33.94%	25.86%	30.11%	27.96%	13.52%	8.53%
EBITDA Growth	-55.19%	-63.04%	-5.14%	3.72%	5.89%	49.57%	-75.54%	-148.31%	19.51%	28.35%	265.59%
EBIT Growth	-58.47%	-59.06%	-4.95%	1.38%	-10.09%	13.01%	-59.77%	-64.45%	7.25%	12.66%	131.73%
NOPAT Growth	-56.47%	-59.77%	-5.35%	0.52%	-8.70%	13.28%	-61.10%	-62.03%	7.04%	24.48%	136.56%
Net Income Growth	-72.88%	-52.81%	1.72%	7.20%	-22.16%	3.06%	-83.58%	-48.04%	14.77%	-22.53%	116.70%
EPS Growth	-59.09%	39.85%	70.25%	10.92%	-13.21%	8.33%	-76.36%	-36.60%	19.62%	-18.31%	115.87%
Operating Cash Flow Growth	-447.47%	43.18%	577.82%	45.81%	-54.34%	-123.41%	444.15%	1,003.27%	45.05%	33.34%	64.63%
Free Cash Flow Firm Growth	0.00%	-299.13%	96.02%	-498.19%	-282.35%	-26.30%	-117.51%	-121.94%	88.51%	16.79%	102.90%
Invested Capital Growth	0.00%	66.54%	-170.87%	-35.24%	38.45%	114.19%	2,058.07%	236.02%	-7.91%	-5.62%	5.50%
Revenue Q/Q Growth	0.00%	0.00%	8.39%	6.75%	4.74%	7.52%	5.52%	7.74%	5.04%	2.75%	1.32%
EBITDA Q/Q Growth	0.00%	0.00%	19.78%	-5.84%	15.79%	2.29%	-14.45%	-33.69%	32.11%	30.71%	-15.82%
EBIT Q/Q Growth	0.00%	0.00%	17.90%	-7.03%	4.20%	-2.07%	-13.11%	-20.55%	21.91%	17.26%	-32.70%
NOPAT Q/Q Growth	0.00%	0.00%	18.22%	-7.58%	4.63%	-3.38%	-12.64%	-20.08%	19.69%	19.74%	-40.01%
Net Income Q/Q Growth	0.00%	0.00%	18.78%	-7.65%	-0.03%	-2.52%	-17.29%	-12.02%	21.04%	15.43%	-45.75%
EPS Q/Q Growth	0.00%	0.00%	-1,387.50%	-7.07%	1.64%	-0.92%	-16.17%	-9.96%	22.55%	14.86%	-41.18%
Operating Cash Flow Q/Q Growth	0.00%	-8,391.30%	326.99%	9.49%	159.90%	-152.79%	-59.71%	8.24%	83.36%	28.65%	0.18%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	11.16%	31.47%	-89.68%	-6.85%	-0.28%	26.77%	42.15%	-86.01%
Invested Capital Q/Q Growth	0.00%	0.00%	-24.91%	-27.18%	0.00%	-45.82%	0.24%	-2.88%	-2.40%	-5.58%	-7.05%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	75.97%	73.54%	74.77%	71.68%	70.88%	72.12%	70.47%	68.44%	68.71%	70.16%	70.26%
EBITDA Margin	-32.20%	-36.51%	-26.95%	-20.33%	-15.75%	-5.93%	-8.27%	-15.78%	-9.93%	-6.27%	9.56%
Operating Margin	-37.90%	-42.13%	-31.15%	-24.28%	-21.73%	-14.07%	-18.01%	-22.43%	-16.29%	-10.84%	4.15%
EBIT Margin	-38.30%	-42.38%	-31.22%	-24.13%	-21.87%	-14.20%	-18.03%	-22.78%	-16.51%	-12.71%	3.72%
Profit (Net Income) Margin	-42.44%	-45.11%	-31.12%	-22.63%	-22.76%	-16.47%	-24.02%	-27.33%	-18.20%	-19.65%	3.02%
Tax Burden Percent	101.18%	101.00%	99.94%	95.31%	100.85%	100.08%	102.05%	107.67%	101.97%	99.66%	61.58%
Interest Burden Percent	109.52%	105.39%	99.73%	98.40%	103.19%	115.88%	130.58%	111.42%	108.10%	155.18%	132.21%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	38.42%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-77.73%	-30.23%	-18.98%	-15.38%	5.64%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	364.39%	-50.63%	-27.69%	-34.04%	6.55%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-50.06%	567.64%	120.35%	143.66%	-56.45%
Return on Equity (ROE)	92.52%	-303.90%	-89.00%	-137.39%	-99.66%	-63.17%	-127.79%	537.41%	101.37%	128.28%	-50.81%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	-1,349.69%	-260.02%	-138.49%	-10.75%	-9.60%	0.28%
Operating Return on Assets (OROA)	-33.86%	-29.50%	-20.75%	-18.38%	-12.66%	-7.58%	-9.40%	-11.04%	-8.52%	-6.90%	1.99%
Return on Assets (ROA)	-37.52%	-31.40%	-20.68%	-17.24%	-13.17%	-8.80%	-12.53%	-13.25%	-9.39%	-10.67%	1.62%
Return on Common Equity (ROCE)	647.69%	1,655.97%	-89.00%	-137.39%	-99.66%	-63.17%	-127.79%	537.41%	101.37%	128.28%	-50.81%
Return on Equity Simple (ROE_SIMPLE)	13.22%	-73.24%	-116.56%	-188.26%	-63.61%	-64.74%	-138.18%	116.14%	103.87%	129.31%	144.13%
Net Operating Profit after Tax (NOPAT)	-20	-33	-34	-34	-37	-32	-52	-84	-78	-59	22
NOPAT Margin	-26.53%	-29.49%	-21.81%	-17.00%	-15.21%	-9.85%	-12.61%	-15.70%	-11.40%	-7.59%	2.56%
Net Nonoperating Expense Percent (NNEP)	-122.58%	-32.42%	-16.42%	-12.30%	-16.68%	-20.99%	-442.12%	20.40%	8.71%	18.66%	-0.91%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-11.23%	-7.27%	2.27%
Cost of Revenue to Revenue	24.03%	26.46%	25.23%	28.32%	29.12%	27.88%	29.53%	31.56%	31.29%	29.84%	29.74%
SG&A Expenses to Revenue	16.87%	19.66%	17.96%	15.08%	14.34%	13.68%	14.46%	14.62%	12.40%	10.97%	10.19%
R&D to Revenue	33.26%	35.06%	30.46%	25.35%	27.75%	24.27%	26.38%	30.03%	27.73%	22.88%	20.51%
Operating Expenses to Revenue	113.88%	115.67%	105.92%	95.96%	92.61%	86.19%	88.48%	90.87%	85.00%	81.00%	66.11%
Earnings before Interest and Taxes (EBIT)	-29	-47	-49	-48	-53	-46	-74	-122	-113	-99	31
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-25	-40	-42	-41	-38	-19	-34	-85	-68	-49	81
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	9.24	12.30	33.90	0.00	33.26	65.33	0.00	0.00	0.00	143.57
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.00	5.69	3.28	4.08	0.00	8.46	11.36	12.41	2.94	4.51	3.01
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	99.62
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	455.04	37.08	16.80	6.40	10.74	7.43
Enterprise Value to Revenue (EV/Rev)	0.00	4.91	2.70	3.62	0.00	8.23	11.49	13.45	3.69	5.14	3.46
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	36.16
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	93.07
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	135.27
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	46.65	54.72	0.00	0.00	967.83	133.54	32.32	38.35	17.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2,730.04
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-0.48	0.00	0.00	0.00	2.00	2.23	5.29	-6.45	-6.80	-7.87	52.75
Long-Term Debt to Equity	-0.48	0.00	0.00	0.00	2.00	2.23	5.29	-6.45	-6.80	-7.87	50.16
Financial Leverage	0.57	-3.25	-1.62	-2.78	-1.98	-1.21	-0.14	-11.21	-4.35	-4.22	-8.62
Leverage Ratio	-2.47	9.68	4.30	7.97	7.57	7.18	10.20	-40.57	-10.79	-12.02	-31.43
Compound Leverage Factor	-2.70	10.20	4.29	7.84	7.81	8.32	13.32	-45.20	-11.66	-18.66	-41.55
Debt to Total Capital	-91.73%	0.00%	0.00%	0.00%	66.67%	69.01%	84.11%	118.36%	117.26%	114.56%	98.14%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	4.82%
Long-Term Debt to Total Capital	-91.73%	0.00%	0.00%	0.00%	66.67%	69.01%	84.11%	118.36%	117.26%	114.56%	93.32%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	-1,150.43%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	1,342.15%	100.00%	100.00%	100.00%	33.33%	30.99%	15.89%	-18.36%	-17.26%	-14.56%	1.86%
Debt to EBITDA	-0.68	0.00	0.00	0.00	-4.54	-9.55	-11.12	-9.61	-12.00	-19.08	11.58
Net Debt to EBITDA	0.81	0.00	0.00	0.00	3.35	3.99	-1.65	-6.56	-7.57	-10.07	4.65
Long-Term Debt to EBITDA	-0.68	0.00	0.00	0.00	-4.54	-9.55	-11.12	-9.61	-12.00	-19.08	11.01
Debt to NOPAT	-0.83	0.00	0.00	0.00	-4.71	-5.75	-7.30	-9.66	-10.44	-15.76	43.31
Net Debt to NOPAT	0.98	0.00	0.00	0.00	3.47	2.40	-1.08	-6.60	-6.59	-8.32	17.40
Long-Term Debt to NOPAT	-0.83	0.00	0.00	0.00	-4.71	-5.75	-7.30	-9.66	-10.44	-15.76	41.18
Altman Z-Score	0.00	0.18	-0.79	-0.18	0.00	2.16	2.73	2.08	0.14	0.71	0.78
Noncontrolling Interest Sharing Ratio	-600.04%	644.90%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.89	1.18	0.89	0.91	1.51	1.27	1.34	0.92	0.96	1.11	1.25
Quick Ratio	0.84	1.13	0.83	0.87	1.42	1.14	1.20	0.79	0.83	0.96	1.09
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	35	-69	-2.76	-17	-63	-80	-174	-385	-44	-37	1.07
Operating Cash Flow to CapEx	-47.39%	-46.11%	202.53%	221.95%	37.73%	-4.00%	24.52%	285.82%	208.39%	515.11%	976.12%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	-189.86	-12.80	-5.96	-7.19	-26.94	-4.03	-0.57	0.10
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	152.71	1.23	-0.11	0.20	3.77	7.12	1.61	15.66
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	83.91	-2.03	-2.76	-0.62	2.45	3.70	1.30	14.05
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.88	0.70	0.66	0.76	0.58	0.53	0.52	0.48	0.52	0.54	0.53
Accounts Receivable Turnover	3.03	3.18	3.37	3.27	3.29	4.02	4.12	4.16	4.60	4.91	5.07
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	9.70	14.30	20.16	24.10	18.70	9.59	7.93	10.36	12.67	15.95	23.48
Accounts Payable Turnover	5.22	10.49	13.13	18.21	15.31	13.13	22.72	45.78	31.12	17.80	14.46
Days Sales Outstanding (DSO)	120.65	114.88	108.17	111.54	111.10	90.91	88.49	87.84	79.42	74.37	72.03
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	69.87	34.79	27.79	20.05	23.85	27.80	16.06	7.97	11.73	20.50	25.24
Cash Conversion Cycle (CCC)	50.78	80.10	80.38	91.50	87.25	63.11	72.43	79.87	67.69	53.87	46.79
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	-55	-18	-50	-68	-42	5.91	128	429	395	372	393
Invested Capital Turnover	-2.78	-3.00	-4.59	-3.41	-4.46	-18.29	6.17	1.93	1.66	2.03	2.21
Increase / (Decrease) in Invested Capital	-55	37	-32	-18	26	48	122	301	-34	-22	21
Enterprise Value (EV)	0.00	543	425	727	0.00	2,689	4,730	7,200	2,528	3,999	2,918
Market Capitalization	0.00	629	517	819	0.00	2,767	4,674	6,646	2,013	3,509	2,543
Book Value per Share	($19.33)	$1.64	$0.99	$0.55	$1.88	$1.68	$1.38	($2.23)	($2.03)	($1.92)	$0.28
Tangible Book Value per Share	($20.30)	($0.43)	($0.99)	($1.72)	($0.54)	($0.88)	($3.60)	($13.33)	($12.44)	($12.19)	($10.18)
Total Capital	-18	68	42	24	262	268	450	686	696	812	952
Total Debt	17	0.00	0.00	0.00	175	185	379	812	816	930	934
Total Long-Term Debt	17	0.00	0.00	0.00	175	185	379	812	816	930	888
Net Debt	-20	-87	-92	-92	-129	-77	56	555	515	491	375
Capital Expenditures (CapEx)	7.08	4.14	4.50	5.99	16	36	20	19	38	20	18
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-45	-65	-87	-107	-138	-162	-193	-259	-312	-319	-320
Debt-free Net Working Capital (DFNWC)	-7.81	21	-15	-16	121	78	120	-36	-21	65	202
Net Working Capital (NWC)	-7.81	21	-15	-16	121	78	120	-36	-21	65	156
Net Nonoperating Expense (NNE)	12	17	15	11	18	22	47	62	47	94	-3.95
Net Nonoperating Obligations (NNO)	-20	-87	-92	-92	-129	-77	56	555	515	491	375
Total Depreciation and Amortization (D&A)	4.69	6.48	6.73	7.63	15	27	40	37	45	50	49
Debt-free, Cash-free Net Working Capital to Revenue	-58.05%	-59.22%	-55.45%	-53.22%	-56.53%	-49.44%	-46.84%	-48.44%	-45.60%	-40.96%	-37.91%
Debt-free Net Working Capital to Revenue	-10.15%	19.09%	-9.77%	-8.07%	49.49%	23.83%	29.09%	-6.71%	-3.06%	8.31%	23.91%
Net Working Capital to Revenue	-10.15%	19.09%	-9.77%	-8.07%	49.49%	23.83%	29.09%	-6.71%	-3.06%	8.31%	18.47%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	($4.00)	($1.19)	($1.06)	$0.00	($1.10)	($1.94)	($2.65)	($2.13)	($2.46)	$0.41
Adjusted Weighted Average Basic Shares Outstanding	0.00	41.61M	42.64M	46.01M	0.00	50.21M	52.69M	55.27M	58.55M	60.76M	62.61M
Adjusted Diluted Earnings per Share	$0.00	($4.00)	($1.19)	($1.06)	$0.00	($1.10)	($1.94)	($2.65)	($2.13)	($2.46)	$0.40
Adjusted Weighted Average Diluted Shares Outstanding	0.00	41.61M	42.64M	46.01M	0.00	50.21M	52.69M	55.27M	58.55M	60.76M	63.18M
Adjusted Basic & Diluted Earnings per Share	$0.00	($4.00)	($1.19)	($1.06)	$0.00	($1.10)	($1.94)	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	24.74M	41.25M	42.95M	0.00	48.73M	51.04M	58.08M	60.04M	61.99M	63.97M
Normalized Net Operating Profit after Tax (NOPAT)	-20	-33	-34	-34	-37	-32	-52	-84	-78	-22	22
Normalized NOPAT Margin	-26.53%	-29.49%	-21.81%	-17.00%	-15.21%	-9.85%	-12.61%	-15.70%	-11.40%	-2.82%	2.56%
Pre Tax Income Margin	-41.95%	-44.66%	-31.14%	-23.74%	-22.56%	-16.46%	-23.54%	-25.39%	-17.85%	-19.72%	4.91%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	-557.25	-10.82	-3.47	-3.07	-8.54	-10.30	-1.53	2.86
NOPAT to Interest Expense	0.00	0.00	0.00	-392.60	-7.52	-2.40	-2.15	-5.88	-7.11	-0.91	1.97
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	-626.06	-14.08	-6.12	-3.90	-9.86	-13.72	-1.84	1.26
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	-461.40	-10.78	-5.06	-2.97	-7.20	-10.53	-1.22	0.36
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-0.15%	-8.28%	-0.24%	-1.47%	1.96%
Augmented Payout Ratio	-10.81%	0.00%	0.00%	0.00%	0.00%	0.00%	-0.15%	-8.28%	-0.24%	-1.47%	1.96%

This table displays calculated financial ratios and metrics derived from Rapid7's official financial filings.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	16.39%	13.72%	13.13%	11.27%	11.97%	9.23%	7.95%	5.36%	2.51%	2.98%	1.54%
EBITDA Growth	59.01%	-101.67%	44.58%	1,173.00%	276.10%	134.78%	471.42%	-49.55%	-30.45%	20.58%	-35.81%
EBIT Growth	40.77%	-75.22%	19.19%	213.35%	137.63%	109.53%	181.58%	-106.71%	-79.46%	64.55%	-63.34%
NOPAT Growth	40.65%	-49.08%	30.96%	204.76%	112.72%	117.85%	205.52%	-126.99%	-103.35%	-41.61%	-42.19%
Net Income Growth	42.41%	-68.62%	-166.69%	244.87%	108.71%	112.27%	121.61%	-108.98%	49.72%	27.53%	-36.35%
EPS Growth	44.87%	-61.76%	-155.10%	244.44%	106.98%	110.00%	117.60%	-84.62%	50.00%	44.44%	-28.57%
Operating Cash Flow Growth	-43.84%	320.26%	-81.78%	57.71%	431.84%	4.96%	1,099.70%	0.48%	-4.23%	44.69%	-11.41%
Free Cash Flow Firm Growth	85.83%	87.81%	-106.50%	30.25%	246.19%	191.61%	-1,129.22%	-172.37%	-125.91%	-77.70%	356.66%
Invested Capital Growth	5.68%	-0.20%	-2.45%	-5.62%	-12.98%	-6.30%	7.18%	5.50%	3.94%	-1.05%	-9.19%
Revenue Q/Q Growth	-0.71%	3.96%	4.42%	3.23%	-0.08%	1.41%	3.20%	0.75%	-2.78%	1.87%	1.76%
EBITDA Q/Q Growth	-764.20%	-325.84%	84.89%	397.83%	-20.22%	-15.90%	61.38%	-59.55%	21.67%	37.92%	-9.14%
EBIT Q/Q Growth	-151.29%	-167.50%	68.34%	153.25%	-37.03%	-32.28%	171.17%	-104.38%	331.43%	338.04%	-23.10%
NOPAT Q/Q Growth	-79.54%	-115.56%	68.95%	187.17%	-84.44%	202.56%	83.52%	-122.29%	98.32%	6,468.96%	120.65%
Net Income Q/Q Growth	-127.62%	-157.70%	-14.72%	121.53%	-88.74%	262.93%	102.00%	-108.95%	242.13%	296.10%	17.64%
EPS Q/Q Growth	-138.89%	-155.81%	-13.64%	120.80%	-90.63%	266.67%	100.00%	-81.82%	-25.00%	333.33%	15.38%
Operating Cash Flow Q/Q Growth	-85.48%	435.86%	-88.29%	1,631.68%	-51.04%	5.75%	33.82%	45.04%	-53.34%	59.77%	-18.07%
Free Cash Flow Firm Q/Q Growth	-264.06%	12.32%	96.21%	2,487.42%	64.01%	-45.05%	-150.89%	-40.55%	34.99%	145.54%	557.73%
Invested Capital Q/Q Growth	10.76%	-6.00%	-4.00%	-5.58%	2.12%	1.22%	9.82%	-7.05%	0.61%	-3.64%	0.78%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	69.43%	69.46%	70.92%	70.74%	70.31%	70.74%	70.64%	69.36%	71.71%	70.56%	70.19%
EBITDA Margin	-6.68%	-27.35%	-3.96%	11.42%	10.50%	8.71%	13.62%	5.47%	6.84%	9.26%	8.27%
Operating Margin	-13.08%	-27.13%	-8.07%	3.59%	5.15%	3.31%	6.50%	1.68%	-0.05%	1.63%	2.71%
EBIT Margin	-13.25%	-34.10%	-10.34%	5.33%	4.45%	2.97%	7.81%	-0.34%	0.81%	3.48%	2.63%
Profit (Net Income) Margin	-14.15%	-35.07%	-38.53%	8.03%	1.10%	3.94%	7.71%	-0.68%	1.00%	3.89%	4.50%
Tax Burden Percent	102.35%	101.32%	102.79%	132.69%	20.19%	93.84%	84.87%	-72.85%	43.81%	80.65%	105.34%
Interest Burden Percent	104.32%	101.52%	362.51%	113.54%	122.45%	141.20%	116.30%	-276.60%	282.48%	138.75%	162.51%
Effective Tax Rate	0.00%	0.00%	0.00%	-32.69%	79.81%	6.16%	15.13%	172.85%	56.19%	19.35%	-5.34%
Return on Invested Capital (ROIC)	-15.30%	-33.88%	-10.70%	9.67%	2.04%	6.37%	11.25%	-2.69%	-0.05%	2.94%	6.07%
ROIC Less NNEP Spread (ROIC-NNEP)	-16.97%	-39.54%	-22.56%	11.00%	2.06%	6.74%	12.21%	-2.43%	0.48%	4.45%	7.12%
Return on Net Nonoperating Assets (RNNOA)	75.49%	165.05%	81.85%	-46.43%	-10.62%	-39.44%	-71.61%	20.91%	-11.64%	86.46%	40.39%
Return on Equity (ROE)	60.18%	131.17%	71.15%	-36.76%	-8.59%	-33.07%	-60.36%	18.21%	-11.69%	89.39%	46.46%
Cash Return on Invested Capital (CROIC)	-21.19%	-18.89%	-15.93%	-9.60%	5.97%	8.68%	1.87%	0.28%	0.88%	5.44%	12.69%
Operating Return on Assets (OROA)	-7.24%	-18.95%	-5.81%	2.90%	2.53%	1.69%	4.38%	-0.18%	0.44%	1.87%	1.39%
Return on Assets (ROA)	-7.73%	-19.49%	-21.64%	4.36%	0.62%	2.23%	4.32%	-0.37%	0.54%	2.10%	2.38%
Return on Common Equity (ROCE)	60.18%	131.17%	71.15%	-36.76%	-8.59%	-33.07%	-60.36%	18.21%	-11.69%	89.39%	46.46%
Return on Equity Simple (ROE_SIMPLE)	95.88%	119.62%	111.78%	0.00%	140.07%	87.13%	-746.43%	0.00%	49.74%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-17	-36	-11	9.79	2.13	6.46	12	-2.64	-0.04	2.82	6.22
NOPAT Margin	-9.16%	-18.99%	-5.65%	4.77%	1.04%	3.10%	5.52%	-1.22%	-0.02%	1.32%	2.85%
Net Nonoperating Expense Percent (NNEP)	1.67%	5.66%	11.86%	-1.33%	-0.02%	-0.36%	-0.96%	-0.27%	-0.53%	-1.52%	-1.05%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	1.21%	-	-	-	-0.28%	0.00%	0.29%	0.61%
Cost of Revenue to Revenue	30.57%	30.54%	29.08%	29.26%	29.69%	29.26%	29.36%	30.64%	28.29%	29.44%	29.81%
SG&A Expenses to Revenue	13.22%	12.02%	8.99%	9.93%	9.67%	10.78%	8.66%	11.64%	11.22%	9.88%	9.57%
R&D to Revenue	25.30%	26.66%	20.09%	19.92%	19.99%	19.26%	20.76%	21.97%	22.78%	22.05%	21.52%
Operating Expenses to Revenue	82.51%	96.58%	78.98%	67.15%	65.15%	67.44%	64.14%	67.68%	71.76%	68.93%	67.48%
Earnings before Interest and Taxes (EBIT)	-24	-65	-21	11	9.13	6.19	17	-0.74	1.70	7.45	5.73
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-12	-52	-7.87	23	22	18	29	12	14	20	18
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	143.57	32.17	16.43	9.54
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	3.88	3.72	3.69	4.51	3.77	3.30	3.00	3.01	2.00	1.74	1.41
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	53.18	99.62	64.66	53.02	54.14
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.88%	1.00%	1.55%	1.89%	1.85%
Enterprise Value to Invested Capital (EV/IC)	7.56	7.92	8.49	10.74	9.15	8.14	6.93	7.43	5.16	4.66	3.83
Enterprise Value to Revenue (EV/Rev)	4.65	4.44	4.42	5.14	4.35	3.83	3.52	3.46	2.40	2.08	1.71
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	53.30	30.58	36.16	27.40	22.84	21.72
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	338.18	62.92	93.07	82.28	64.13	82.62
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	362.64	81.53	135.27	110.75	105.76	119.27
Enterprise Value to Operating Cash Flow (EV/OCF)	44.86	33.38	41.30	38.35	26.87	23.90	17.11	17.00	11.97	9.60	8.17
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	142.53	90.68	383.58	2,730.04	598.69	85.28	28.74
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-7.41	-7.37	-5.75	-7.87	-10.77	-17.61	-148.03	52.75	17.74	9.84	7.01
Long-Term Debt to Equity	-7.41	-7.37	-5.75	-7.87	-10.77	-16.75	-140.76	50.16	16.87	9.84	7.01
Financial Leverage	-4.45	-4.17	-3.63	-4.22	-5.16	-5.85	-5.87	-8.62	-24.00	19.41	5.67
Leverage Ratio	-10.55	-10.19	-8.87	-12.02	-14.33	-17.58	-17.71	-31.43	-92.90	84.61	26.80
Compound Leverage Factor	-11.01	-10.35	-32.14	-13.65	-17.55	-24.82	-20.59	86.93	-262.43	117.40	43.56
Debt to Total Capital	115.59%	115.71%	121.07%	114.56%	110.24%	106.02%	100.68%	98.14%	94.66%	90.78%	87.51%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	5.20%	4.94%	4.82%	4.65%	0.00%	0.00%
Long-Term Debt to Total Capital	115.59%	115.71%	121.07%	114.56%	110.24%	100.82%	95.74%	93.32%	90.01%	90.78%	87.51%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	-15.59%	-15.71%	-21.07%	-14.56%	-10.24%	-6.02%	-0.68%	1.86%	5.34%	9.22%	12.49%
Debt to EBITDA	-16.21	-10.67	-13.21	-19.08	-81.55	15.86	9.73	11.58	12.57	11.45	13.16
Net Debt to EBITDA	-10.86	-6.81	-7.91	-10.07	-40.89	7.45	4.48	4.65	4.61	3.74	3.79
Long-Term Debt to EBITDA	-16.21	-10.67	-13.21	-19.08	-81.55	15.08	9.26	11.01	11.95	11.45	13.16
Debt to NOPAT	-12.26	-10.41	-12.64	-15.76	-28.79	107.91	25.95	43.31	50.81	53.00	72.28
Net Debt to NOPAT	-8.21	-6.65	-7.57	-8.32	-14.44	50.70	11.93	17.40	18.62	17.30	20.82
Long-Term Debt to NOPAT	-12.26	-10.41	-12.64	-15.76	-28.79	102.61	24.68	41.18	48.31	53.00	72.28
Altman Z-Score	0.65	0.52	0.56	0.95	0.84	0.73	0.72	0.72	0.42	0.42	0.26
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.92	1.01	1.06	1.11	1.19	1.17	1.17	1.25	1.24	1.36	1.19
Quick Ratio	0.77	0.83	0.91	0.96	1.02	1.01	1.02	1.09	1.08	1.19	1.03
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-40	-35	-1.34	32	59	32	-16	-23	-15	6.85	45
Operating Cash Flow to CapEx	82.74%	546.91%	86.30%	1,975.90%	878.68%	899.48%	804.26%	1,293.31%	585.77%	903.50%	481.59%
Free Cash Flow to Firm to Interest Expense	-14.83	-12.74	-0.02	11.87	22.06	12.11	-5.80	-8.32	-5.67	2.61	17.43
Operating Cash Flow to Interest Expense	2.15	11.29	0.06	23.55	11.64	12.29	15.50	22.92	11.21	18.10	15.07
Operating Cash Flow Less CapEx to Interest Expense	-0.45	9.23	-0.01	22.36	10.31	10.93	13.57	21.14	9.30	16.09	11.94
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.55	0.56	0.56	0.54	0.57	0.57	0.56	0.53	0.54	0.54	0.53
Accounts Receivable Turnover	6.35	5.62	5.85	4.91	6.63	5.84	5.96	5.07	6.41	5.81	6.06
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	13.36	15.03	15.53	15.95	17.03	19.93	21.81	23.48	24.64	26.51	26.06
Accounts Payable Turnover	21.23	28.18	19.89	17.80	23.68	21.95	32.70	14.46	20.94	17.49	23.49
Days Sales Outstanding (DSO)	57.51	64.91	62.38	74.37	55.07	62.52	61.25	72.03	56.98	62.80	60.20
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	17.19	12.95	18.35	20.50	15.42	16.63	11.16	25.24	17.43	20.86	15.54
Cash Conversion Cycle (CCC)	40.31	51.96	44.03	53.87	39.65	45.89	50.09	46.79	39.55	41.94	44.66
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	437	411	394	372	380	385	423	393	395	381	384
Invested Capital Turnover	1.67	1.78	1.90	2.03	1.96	2.05	2.04	2.21	2.19	2.23	2.13
Increase / (Decrease) in Invested Capital	24	-0.84	-9.89	-22	-57	-26	28	21	15	-4.03	-39
Enterprise Value (EV)	3,304	3,255	3,347	3,999	3,480	3,132	2,932	2,918	2,038	1,776	1,471
Market Capitalization	2,756	2,733	2,791	3,509	3,013	2,694	2,502	2,543	1,696	1,486	1,214
Book Value per Share	($1.84)	($1.84)	($2.65)	($1.92)	($1.40)	($0.85)	($0.10)	$0.28	$0.82	$1.41	$1.96
Tangible Book Value per Share	($12.65)	($12.46)	($13.09)	($12.19)	($11.50)	($10.80)	($10.72)	($10.18)	($9.42)	($8.71)	($8.00)
Total Capital	707	707	767	812	845	879	927	952	988	981	1,018
Total Debt	817	818	929	930	931	932	933	934	935	890	891
Total Long-Term Debt	817	818	929	930	931	886	887	888	889	890	891
Net Debt	547	522	556	491	467	438	429	375	343	291	257
Capital Expenditures (CapEx)	7.06	5.72	4.25	3.21	3.54	3.65	5.47	4.93	5.08	5.26	8.09
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-301	-289	-294	-319	-310	-301	-299	-320	-304	-313	-307
Debt-free Net Working Capital (DFNWC)	-39	4.48	28	65	102	142	145	202	189	199	100
Net Working Capital (NWC)	-39	4.48	28	65	102	96	99	156	143	199	100
Net Nonoperating Expense (NNE)	9.14	31	65	-6.70	-0.12	-1.74	-4.71	-1.16	-2.15	-5.52	-3.59
Net Nonoperating Obligations (NNO)	547	522	556	491	467	438	429	375	343	291	257
Total Depreciation and Amortization (D&A)	12	13	13	12	12	12	12	13	13	12	12
Debt-free, Cash-free Net Working Capital to Revenue	-42.38%	-39.39%	-38.83%	-40.96%	-38.76%	-36.85%	-35.88%	-37.91%	-35.80%	-36.61%	-35.77%
Debt-free Net Working Capital to Revenue	-5.49%	0.61%	3.73%	8.31%	12.73%	17.32%	17.38%	23.91%	22.31%	23.22%	11.65%
Net Working Capital to Revenue	-5.49%	0.61%	3.73%	8.31%	12.73%	11.72%	11.88%	18.47%	16.90%	23.22%	11.65%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.43)	($1.10)	($1.25)	$0.26	$0.04	$0.13	$0.26	($0.02)	$0.03	$0.13	$0.15
Adjusted Weighted Average Basic Shares Outstanding	59.89M	60.47M	61.07M	60.76M	61.91M	62.50M	62.90M	62.61M	63.84M	64.44M	64.97M
Adjusted Diluted Earnings per Share	($0.43)	($1.10)	($1.25)	$0.26	$0.03	$0.11	$0.22	$0.04	$0.03	$0.13	$0.15
Adjusted Weighted Average Diluted Shares Outstanding	59.89M	60.47M	61.07M	60.76M	74.02M	74.25M	74.54M	63.18M	64.22M	64.70M	65.18M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	60.35M	60.97M	61.45M	61.99M	62.32M	62.73M	63.21M	63.97M	64.24M	64.75M	65.48M
Normalized Net Operating Profit after Tax (NOPAT)	-17	-17	5.26	5.16	7.40	6.46	12	2.54	-0.07	2.82	4.13
Normalized NOPAT Margin	-9.16%	-8.98%	2.64%	2.52%	3.61%	3.10%	5.52%	1.17%	-0.03%	1.32%	1.90%
Pre Tax Income Margin	-13.82%	-34.61%	-37.48%	6.06%	5.45%	4.20%	9.09%	0.94%	2.29%	4.83%	4.27%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-8.93	-23.41	-0.36	4.06	3.42	2.31	5.91	-0.26	0.64	2.84	2.22
NOPAT to Interest Expense	-6.17	-13.04	-0.20	3.63	0.80	2.42	4.18	-0.95	-0.02	1.07	2.41
EBIT Less CapEx to Interest Expense	-11.53	-25.48	-0.44	2.87	2.10	0.95	3.98	-2.04	-1.27	0.83	-0.91
NOPAT Less CapEx to Interest Expense	-8.77	-15.10	-0.27	2.44	-0.53	1.05	2.25	-2.72	-1.93	-0.93	-0.72
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-2.41%	-1.69%	-1.25%	-1.47%	0.00%	0.00%	0.00%	1.96%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-2.41%	-1.69%	-1.25%	-1.47%	0.00%	0.00%	0.00%	1.96%	0.00%	0.00%	0.00%

Financials Breakdown Chart

Key Financial Trends

Here are the notable takeaways from Rapid7’s quarterly reports (latest data through Q3 2025), highlighting trends over the last four years and the most recent quarter.

Revenue growth with solid gross margins: In Q3 2025, operating revenue was $217.96 million and gross profit was $152.98 million, implying a gross margin around 70%. This level of margin is roughly in line with prior quarters and supports a steady profitability backdrop despite ongoing investments.
Quarterly net income turned positive in Q3 2025: Net income attributable to common shareholders was $9.81 million in Q3 2025 (versus $8.34 million in Q2 2025 and $15.41 million in Q3 2024, with the latter higher but the quarter still showing a positive bottom line on the latest data).
Operating cash flow remains positive: Net cash from continuing operating activities was $38.95 million in Q3 2025, indicating ongoing cash generation from core operations.
Balance sheet improvement in equity: Total common equity rose to about $127.22 million in Q3 2025 from roughly $90.45 million in Q2 2025, suggesting a meaningful improvement in reported equity despite prior deficits.
Retained earnings deficit shows modest improvement: Retained earnings improved from about -$977.59 million (Q2 2025) to about -$967.78 million (Q3 2025), indicating a small reduction in the cumulative deficit.
Liquidity snapshot: Cash and equivalents were $130.61 million and short-term investments were $276.52 million at Q3 2025, totaling roughly $407 million of readily available or near-cash resources, a meaningful liquidity cushion but still below levels seen in some cloud peer groups.
Leverage profile remains elevated: Long-term debt sits around $891–$892 million across recent quarters, with total liabilities exceeding $1.5 billion, indicating a high leverage base that the company continues to manage alongside growth investments.
Aggressive investing leading to cash outflows: Net cash from continuing investing activities was -$171.65 million in Q3 2025 (with sizable investments in purchases of investments), contributing to overall cash burn for the quarter.
Material cash burn in the quarter despite positive operating cash flow: Net change in cash and equivalents was a decrease of $130.71 million in Q3 2025, driven largely by investing activities and modest financing activity, underscoring a balance between growth investments and cash usage.
Earnings per share trend mixed vs. prior year: Basic EPS in Q3 2025 was $0.15, which is lower than Q3 2024's $0.24, suggesting the quarterly improvement in net income did not translate into a higher year-over-year per-share figure.

05/06/26 11:10 AM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Rapid7's Financials

When does Rapid7's fiscal year end?

According to the most recent income statement we have on file, Rapid7's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Rapid7's net income changed over the last 10 years?

Rapid7's net income appears to be on an upward trend, with a most recent value of $25.53 million in 2024, falling from -$32.63 million in 2014. The previous period was -$152.82 million in 2023. See Rapid7's forecast for analyst expectations on whatâ€™s next for the company.

What is Rapid7's operating income?

Rapid7's total operating income in 2024 was $35.04 million, based on the following breakdown:

Total Gross Profit: $592.97 million
Total Operating Expenses: $557.94 million

How has Rapid7's revenue changed over the last 10 years?

Over the last 10 years, Rapid7's total revenue changed from $76.88 million in 2014 to $844.01 million in 2024, a change of 997.8%.

How much debt does Rapid7 have?

Rapid7's total liabilities were at $1.63 billion at the end of 2024, a 0.7% increase from 2023, and a 1,237.1% increase since 2014.

How much cash does Rapid7 have?

In the past 10 years, Rapid7's cash and equivalents has ranged from $36.82 million in 2014 to $334.69 million in 2024, and is currently $334.69 million as of their latest financial filing in 2024.

How has Rapid7's book value per share changed over the last 10 years?

Over the last 10 years, Rapid7's book value per share changed from -19.33 in 2014 to 0.28 in 2024, a change of -101.4%.

Related Companies

Financial statements for NASDAQ:RPD last updated on 11/24/2025 by MarketBeat.com Staff. New filings and market data are monitored continuously.

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Rapid7 (RPD) Financials

Financials Breakdown Chart

Key Financial Trends

Frequently Asked Questions About Rapid7's Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Rapid7 (RPD) Financials

Annual Income Statements for Rapid7

Quarterly Income Statements for Rapid7

Annual Cash Flow Statements for Rapid7

Quarterly Cash Flow Statements for Rapid7

Annual Balance Sheets for Rapid7

Quarterly Balance Sheets for Rapid7

Annual Metrics And Ratios for Rapid7

Quarterly Metrics And Ratios for Rapid7

Financials Breakdown Chart

Key Financial Trends

Frequently Asked Questions About Rapid7's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools