Rapid7 (RPD) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 5, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 10, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the RPD SEC filings page.
Rapid7 (RPD) reported $855.9M in revenue over the twelve months to Jun 30, 2026, up 0.1% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 13 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Rapid7's dominant mechanic is a shift from growth-funded losses to positive earnings, while cash generation remains far stronger than reported profit.
Cash conversion has consistently outrun earnings: in FY2024, operating cash flow was$171.7M against net income of$25.5M , and in FY2025 it was$153.8M against$23.4M . That gap indicates the business can produce cash well beyond its accounting profit, although free-cash-flow margin eased from19.9% to17.0% , so the conversion advantage did not keep widening.
Gross-margin stability did not translate into stable operating leverage: gross margin edged from
The balance-sheet structure improved materially: equity moved from negative
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Rapid7's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Rapid7 has an operating margin of 1.4%, meaning the company retains $1 of operating profit per $100 of revenue. This results in a moderate score of 33/100, indicating healthy but not exceptional operating efficiency. This is down from 4.2% the prior year.
Rapid7's revenue grew a modest 1.9% year-over-year to $859.8M. This slow but positive growth earns a score of 51/100.
Rapid7 has elevated debt relative to equity (D/E of 10.16), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 5/100, reflecting increased financial risk.
Rapid7's current ratio of 1.28 indicates adequate short-term liquidity, earning a score of 33/100. The company can meet its near-term obligations, though with limited headroom.
Rapid7 converts 17.0% of revenue into free cash flow ($146.2M). This strong cash generation earns a score of 82/100.
Rapid7's ROE of 15.1% shows moderate profitability relative to equity, earning a score of 32/100. This is down from 144.1% the prior year.
Rapid7 scores 0.13, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($741.4M) relative to total liabilities ($1.6B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Rapid7 passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Rapid7 generates $6.58 in operating cash flow ($153.8M OCF vs $23.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Rapid7 earns $1.11 in operating income for every $1 of interest expense ($11.6M vs $10.4M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Rapid7 generated $210.9M in revenue in Q2 2026. This represents a decrease of 1.5% from the same quarter a year earlier. Against the prior quarter it is up 0.6%.
Rapid7's EBITDA was $14.3M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 3.2% from the same quarter a year earlier. Against the prior quarter it is up 34.4%.
Rapid7 reported $6.1M in net income in Q2 2026. This represents a decrease of 27.2% from the same quarter a year earlier. Against the prior quarter it is up 437.4%.
Rapid7 earned $0.09 per diluted share (EPS) in Q2 2026. This represents a decrease of 30.8% from the same quarter a year earlier. Against the prior quarter it is up 350.0%.
Cash & Balance Sheet
Rapid7 generated $35.8M in free cash flow in Q2 2026, representing cash available after capex. This represents a decrease of 23.1% from the same quarter a year earlier. Against the prior quarter it is down 5.0%.
Rapid7 held $425.6M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Margins & Returns
Rapid7's gross margin was 68.9% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 1.6 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.2 percentage points.
Rapid7's operating margin was 1.4% in Q2 2026, reflecting core business profitability. This is down 0.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.7 percentage points.
Rapid7's net profit margin was 2.9% in Q2 2026, showing the share of revenue converted to profit. This is down 1.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.3 percentage points.
Rapid7's ROE was 3.1% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 6.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.4 percentage points.
Capital Allocation
Rapid7 invested $47.1M in research and development in Q2 2026. This represents a decrease of 0.3% from the same quarter a year earlier. Against the prior quarter it is down 2.6%.
Rapid7 invested $1.2M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 21.7% from the same quarter a year earlier. Against the prior quarter it is down 44.5%.
Not reported for Q2 2026.
RPD Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $210.9M-1.5% | $209.7M-0.3% | $217.4M+0.5% | $218.0M+1.5% | $214.2M+3.0% | $210.3M+2.5% | $216.3M+5.4% | $214.7M+8.0% |
| Cost of Revenue | $65.5M+3.9% | $64.7M+8.9% | $67.5M+2.5% | $65.0M+2.9% | $63.1M+3.4% | $59.5M-2.5% | $65.9M+9.7% | $63.2M+9.2% |
| Gross Profit | $145.3M-3.8% | $144.9M-3.9% | $149.9M-0.3% | $153.0M+1.0% | $151.1M+2.8% | $150.8M+4.6% | $150.4M+3.5% | $151.5M+7.4% |
| R&D Expenses | $47.1M-0.3% | $48.4M+1.0% | $48.6M+5.0% | $46.9M+4.3% | $47.2M+16.8% | $47.9M+15.8% | $46.3M+15.7% | $45.0M+11.7% |
| SG&A Expenses | $17.4M-17.9% | $18.2M-22.8% | $19.2M-19.8% | $20.9M+10.5% | $21.2M-8.8% | $23.6M+18.4% | $24.0M+22.2% | $18.9M+6.1% |
| Operating Income | $3.0M-13.6% | -$558K-452.5% | $2.3M-68.8% | $5.9M-53.9% | $3.5M-33.1% | -$101K-101.0% | $7.3M-1.3% | $12.8M+179.9% |
| EBITDA | $14.3M-3.2% | $10.7M-7.9% | $13.5M-27.7% | $17.1M-28.8% | $14.8M-8.2% | $11.6M-45.1% | $18.7M-0.8% | $24.0M+640.8% |
| Interest Expense | $2.5M-3.6% | $2.5M-5.9% | $2.6M-7.7% | $2.6M-8.9% | $2.6M-1.7% | $2.7M-0.6% | $2.8M+3.3% | $2.8M-95.0% |
| Income Tax | -$210K-110.5% | $700K-74.1% | $2.6M-26.1% | -$497K-116.8% | $2.0M+271.7% | $2.7M-69.7% | $3.5M+186.5% | $3.0M+41.8% |
| Net Income | $6.1M-27.2% | $1.1M-46.3% | $3.1M+44.1% | $9.8M-36.3% | $8.3M+27.5% | $2.1M+49.7% | $2.2M-88.6% | $15.4M+120.0% |
| EPS (Basic) | $0.09-30.8% | $0.02-33.3% | $0.050.0% | $0.15-37.5% | $0.13+30.0% | $0.03+50.0% | $0.05-83.9% | $0.24+119.0% |
| EPS (Diluted) | $0.09-30.8% | $0.02-33.3% | $0.05 | $0.15-28.6% | $0.13+44.4% | $0.03+50.0% | $0.08 | $0.21+116.7% |
| Diluted Shares (Avg) | 68M+5.0% | 67M+4.2% | N/A | 65M-12.6% | 65M-12.9% | 64M-13.2% | N/A | 75M+22.1% |
RPD Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.7B+5.8% | $1.7B+4.5% | $1.7B+4.5% | $1.7B+5.8% | $1.6B+8.0% | $1.6B+10.5% | $1.7B+9.7% | $1.6B+12.5% |
| Current Assets | $931.2M+23.4% | $900.3M+22.9% | $737.3M-6.2% | $635.0M-5.6% | $754.5M+11.9% | $732.6M+17.1% | $786.1M+23.9% | $672.6M+25.5% |
| Cash & Equivalents | $425.6M+62.9% | $343.3M+17.8% | $246.7M-26.3% | $130.6M-41.3% | $261.3M+10.3% | $291.5M+46.7% | $334.7M+56.7% | $222.6M+21.8% |
| Short-Term Investments | $277.0M+10.6% | $327.0M+61.9% | $228.0M+21.9% | $276.5M+25.1% | $250.4M+21.8% | $202.0M-5.2% | $187.0M+10.3% | $221.1M+58.6% |
| Accounts Receivable | $141.3M-6.3% | $135.1M-3.9% | $167.0M-0.7% | $141.3M-0.4% | $150.7M+4.9% | $140.5M+12.8% | $168.2M+2.1% | $141.9M+3.1% |
| Long-Term Investments | $0-100.0% | $0-100.0% | $184.1M+394.0% | $227.4M+276.6% | $88.0M+71.1% | $99.1M+89.0% | $37.3M-33.6% | $60.4M+19.3% |
| Goodwill | $593.3M+3.1% | $593.3M+3.1% | $575.3M0.0% | $575.3M0.0% | $575.3M+7.3% | $575.3M+7.3% | $575.3M+7.3% | $575.2M+7.2% |
| Total Liabilities | $1.5B-0.7% | $1.5B-3.0% | $1.6B-3.8% | $1.5B-2.6% | $1.6B-1.3% | $1.6B+1.1% | $1.6B+0.7% | $1.6B+1.3% |
| Current Liabilities | $1.2B+108.7% | $1.2B+96.0% | $575.4M-8.7% | $535.0M-6.7% | $555.9M-3.9% | $589.2M+12.4% | $630.2M+10.6% | $573.6M+13.0% |
| Non-Current Liabilities | $386.5M-61.4% | $390.4M-61.1% | $996.4M-0.8% | $1.0B-0.3% | $1.0B+0.1% | $1.0B-4.6% | $1.0B-4.7% | $1.0B-4.4% |
| Total Equity | $196.7M+117.5% | $174.8M+231.5% | $154.7M+773.6% | $127.2M+2576.5% | $90.4M+271.9% | $52.7M+161.0% | $17.7M+115.0% | -$5.1M+96.8% |
| Retained Earnings | -$957.5M+2.1% | -$963.5M+2.3% | -$964.7M+2.4% | -$967.8M+1.5% | -$977.6M+2.2% | -$985.9M+2.2% | -$988.0M+2.5% | -$983.0M+4.6% |
Not reported in any period shown, so not listed: Inventory, Long-Term Debt.
RPD Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $37.0M-22.2% | $39.8M+33.8% | $37.6M-41.1% | $39.0M-11.4% | $47.5M+44.7% | $29.8M-4.2% | $63.8M+0.5% | $44.0M+1099.7% |
| Depreciation & Amortization | $11.3M0.0% | $11.2M-3.9% | $11.2M-2.2% | $11.2M0.0% | $11.3M+3.7% | $11.7M+2.8% | $11.4M+0.2% | $11.2M-3.4% |
| Stock-Based Compensation | $19.8M-28.1% | $19.9M-26.7% | N/A | $26.3M+2.3% | $27.6M-5.1% | $27.2M+5.5% | N/A | $25.7M+8.3% |
| Capital Expenditures | $1.2M+21.7% | $2.1M+52.9% | $1.2M-2.5% | $4.1M+208.3% | $948K+238.6% | $1.4M+119.5% | $1.2M+222.3% | $1.3M+354.9% |
| Free Cash Flow | $35.8M-23.1% | $37.7M+32.9% | $36.4M-41.8% | $34.8M-18.3% | $46.6M+43.0% | $28.4M-6.7% | $62.6M-0.8% | $42.6M+1164.9% |
| Investing Cash Flow | $44.8M+208.5% | $55.3M+169.8% | $82.7M+56.2% | -$171.7M-165.3% | -$41.3M-698.9% | -$79.2M-90.0% | $53.0M+257.8% | -$64.7M+22.1% |
| Financing Cash Flow | -$47K+99.9% | $2.6M-44.3% | -$4.7M-284.2% | $1.6M-54.6% | -$47.1M-4607.5% | $4.7M+8.5% | -$1.2M+44.6% | $3.4M-95.6% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
RPD Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 68.9%-1.6pp | 69.1%-2.6pp | 68.9%-0.6pp | 70.2%-0.4pp | 70.6%-0.1pp | 71.7%+1.4pp | 69.5%-1.2pp | 70.6%-0.3pp |
| Operating Margin | 1.4%-0.2pp | -0.3%-0.2pp | 1.1%-2.3pp | 2.7%-3.3pp | 1.6%-0.9pp | -0.1%-4.8pp | 3.4%-0.2pp | 6.0%+14.0pp |
| Net Margin | 2.9%-1.0pp | 0.5%-0.5pp | 1.4%+0.4pp | 4.5%-2.7pp | 3.9%+0.8pp | 1.0%+0.3pp | 1.0%-8.3pp | 7.2%+46.0pp |
| Return on Equity | 3.1%-6.1pp | 0.7%-3.3pp | 2.0%-10.2pp | 7.7% | 9.2% | 4.0% | 12.3% | N/A |
| Return on Assets | 0.4%-0.2pp | 0.1%-0.1pp | 0.2%+0.1pp | 0.6%-0.4pp | 0.5%+0.1pp | 0.1%0.0pp | 0.1%-1.1pp | 1.0%+6.5pp |
| Current Ratio | 0.80-0.6x | 0.78-0.5x | 1.280.0x | 1.190.0x | 1.36+0.2x | 1.240.0x | 1.25+0.1x | 1.17+0.1x |
| Debt-to-Equity | 7.86-9.4x | 8.84-21.4x | 10.16-82.1x | 12.10 | 17.23 | 30.20 | 92.28 | N/A |
| Asset Turnover | 0.120.0x | 0.120.0x | 0.130.0x | 0.130.0x | 0.130.0x | 0.130.0x | 0.130.0x | 0.140.0x |
| FCF Margin | 17.0%-4.8pp | 18.0%+4.5pp | 16.8%-12.2pp | 16.0%-3.9pp | 21.8%+6.1pp | 13.5%-1.3pp | 28.9%-1.8pp | 19.9%+18.2pp |
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Rapid7 RPD | FY2025 | $859.8M | $23.4M | 2.7% | $741.4M | 39/100 |
| A10 Networks Inc ATEN | FY2025 | $290.6M | $42.1M | 14.5% | $1.8B | 69/100 |
| Radware Ltd RDWR | FY2025 | $301.9M | $20.3M | 6.7% | $1.2B | 46/100 |
| Verint Sys VRNT | FY2025 | $909.2M | $82.3M | 9.0% | $1.2B | 52/100 |
| Couchbase, Inc. BASE | FY2025 | $209.5M | -$74.7M | -35.6% | $1.4B | 64/100 |
| Telus Intl Cda Inc TIXT | FY2024 | $2.7B | -$61.0M | -2.3% | $1.2B | 30/100 |
Where Rapid7 Ranks
Frequently Asked Questions
What is Rapid7's annual revenue?
Rapid7 (RPD) reported $859.8M in total revenue for fiscal year 2025. This represents a 1.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Rapid7's revenue growing?
Rapid7 (RPD) revenue grew by 1.9% year-over-year, from $844.0M to $859.8M in fiscal year 2025.
Is Rapid7 profitable?
Yes, Rapid7 (RPD) reported a net income of $23.4M in fiscal year 2025, with a net profit margin of 2.7%.
What is Rapid7's EBITDA?
Rapid7 (RPD) had EBITDA of $57.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Rapid7's gross margin?
Rapid7 (RPD) had a gross margin of 70.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Rapid7's operating margin?
Rapid7 (RPD) had an operating margin of 1.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Rapid7's net profit margin?
Rapid7 (RPD) had a net profit margin of 2.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Rapid7's return on equity (ROE)?
Rapid7 (RPD) has a return on equity of 15.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Rapid7's free cash flow?
Rapid7 (RPD) generated $146.2M in free cash flow during fiscal year 2025. This represents a -13.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Rapid7's operating cash flow?
Rapid7 (RPD) generated $153.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Rapid7's total assets?
Rapid7 (RPD) had $1.7B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Rapid7's capital expenditures?
Rapid7 (RPD) invested $7.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Rapid7 spend on research and development?
Rapid7 (RPD) invested $190.7M in research and development during fiscal year 2025.
What is Rapid7's current ratio?
Rapid7 (RPD) had a current ratio of 1.28 as of fiscal year 2025, which is considered adequate.
What is Rapid7's debt-to-equity ratio?
Rapid7 (RPD) had a debt-to-equity ratio of 10.16 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Rapid7's return on assets (ROA)?
Rapid7 (RPD) had a return on assets of 1.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Rapid7's P/E ratio?
Rapid7 (RPD) trades at 36.8x earnings, its market capitalization divided by net income of $20.1M net income, trailing 12 months to June 30, 2026. The market capitalization is $741.4M as of Sep 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Rapid7's price-to-sales ratio?
Rapid7 (RPD) trades at 0.9x sales, its market capitalization divided by revenue of $855.9M revenue, trailing 12 months to June 30, 2026. The market capitalization is $741.4M as of Sep 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Rapid7's Altman Z-Score?
Rapid7 (RPD) has an Altman Z-Score of 0.13, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Rapid7's Piotroski F-Score?
Rapid7 (RPD) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Rapid7's earnings high quality?
Rapid7 (RPD) has an earnings quality ratio of 6.58x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Rapid7 cover its interest payments?
Rapid7 (RPD) has an interest coverage ratio of 1.11x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Rapid7?
Rapid7 (RPD) scores 39 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.