Rubrik Inc Stock Price, News & Analysis

Rubrik (NYSE:RBRK) has announced its agreement to acquire Predibase, an AI technology company founded by former Google and Uber AI technologists. The acquisition aims to accelerate enterprise AI adoption from pilot to production scale.

Predibase's platform offers a proprietary post-training stack for customizing models and includes a turbo serving engine that provides over 2x performance gains and can reduce costs by up to 80%. The platform features LoRA eXchange, an open source system for deploying personalized models at scale.

The integration will enhance Rubrik's existing partnerships with Amazon Bedrock, Azure OpenAI, and Google Agentspace, while providing customers with optimized, fine-tuned models and governed data for secure AI deployment. Terms of the transaction were not disclosed.

Rubrik (NYSE: RBRK) has announced the pricing of $1.0 billion Convertible Senior Notes due 2030 in a private placement. The zero-interest notes will mature on June 15, 2030, with an initial conversion rate of 8.0155 shares per $1,000 principal amount, equivalent to a conversion price of $124.76 per share (42.5% premium). The company expects net proceeds of approximately $980 million, which will be used to fund $77 million in capped call transactions, repay $327.9 million in outstanding loans, and for general corporate purposes. The capped call transactions, with a cap price of $175.10 per share, are designed to reduce potential dilution. The notes will be convertible under specific conditions before March 15, 2030, and freely convertible thereafter. Rubrik may redeem the notes after June 20, 2028, subject to certain conditions.

Rubrik (NYSE: RBRK) has announced plans to offer $1.0 billion in Convertible Senior Notes due 2030 through a private placement to qualified institutional buyers. The company will also grant initial purchasers an option for an additional $150 million in notes. The notes will be unsecured obligations with semiannual interest payments, convertible into cash, Class A common stock, or a combination thereof. Rubrik plans to use the proceeds to fund capped call transactions, repay $327.9 million in outstanding loans, and for general corporate purposes. The capped call transactions are designed to reduce potential stock dilution and offset cash payments above the principal amount upon note conversion. The offering terms, including interest rate and conversion rate, will be determined during pricing.

Rubrik (NYSE: RBRK) reported strong Q1 FY2026 results, exceeding all guided metrics. Subscription ARR grew 38% YoY to $1.18B, while total revenue increased 49% YoY to $278.5M. The company's GAAP gross margin improved to 78.3% from 48.8% YoY, and non-GAAP gross margin reached 80.5%. Rubrik reported 2,381 customers with $100K+ Subscription ARR, up 28% YoY. The company formed strategic partnerships with Google Cloud, Deloitte, NTT Data, and Rackspace. For Q2 FY2026, Rubrik expects revenue of $281-283M and for full FY2026, projects Subscription ARR of $1.38-1.388B with revenue of $1.179-1.189B. The company achieved positive cash flow from operations of $39.7M and maintains a strong cash position of $762.1M.

Rubrik announced an expanded integration of AMD EPYC processors across its data security platform, building on their relationship since 2018. Currently, about 50% of Rubrik's Cloud Native Protection runs on AMD instances across major cloud providers. The company plans to extend AMD EPYC processor availability across its third-party hardware ecosystem, with solutions available on Dell and HPE platforms, and an upcoming Cisco-based solution. Key benefits include 5-10% capital expenditure savings, enhanced cloud deployment options, and reduced environmental impact through lower power consumption. The expansion aligns with enterprise computing trends, as 90% of IT leaders manage distributed hybrid environments according to Rubrik's 2025 State of Data Security report. Rubrik plans to make AMD their first choice for all servers and cloud instances in future product generations.

Rubrik (NYSE: RBRK), a cybersecurity company, has scheduled its first quarter fiscal 2026 financial results announcement for June 5, 2025, after market close. The results will cover the period ended April 30, 2025. The company's management team will host a conference call at 2:00 PM PT / 5:00 PM ET on the same day to discuss the quarterly performance. Investors and interested parties can access the live webcast and related materials through Rubrik's investor relations website at https://ir.rubrik.com. A replay of the webcast will be made available on the same website following the call.

Rubrik (NYSE: RBRK) announced its upcoming Identity Resilience solution, designed to protect both data and identity systems from cyber attacks. The solution focuses on securing human and non-human identities (NHIs), which are primary targets for hackers seeking access to critical data and credentials.

According to a CISA report cited in the announcement, 90% of cyber attacks on critical infrastructure begin with identity compromise. Rubrik's solution aims to provide:

• Comprehensive protection across hybrid environments including Active Directory and Entra ID
• Automated recovery workflows to restore complex identity environments
• Risk analysis for both human and non-human identities
• Unified visibility of identity providers and sensitive data access

The company's identity business currently safeguards millions of identities globally, with these capabilities being among the fastest-growing in Rubrik's history. The solution will be showcased at the 2025 RSA Conference.

Rubrik (NYSE: RBRK) has appointed Kavitha Mariappan as its new Chief Transformation Officer (CTxO), a strategic move following a milestone year for the company. Mariappan, an experienced go-to-market executive, joins from Zscaler where she served as Executive Vice President of Customer Experience and Transformation, contributing to the company's 10X ARR growth.

In her new role, Mariappan will focus on deepening executive engagement, accelerating market adoption, and leading large-scale customer transformations. She brings extensive experience from previous roles at industry leaders including Databricks and Cisco. The appointment aims to strengthen Rubrik's position in cyber resilience, regulatory compliance, and industry best practices.

This strategic hire follows the recent appointment of Nicole Perlroth, former New York Times cybersecurity reporter, as Chief Cyber Raconteur to Rubrik's Executive Leadership Team.

Rubrik's latest research reveals a concerning cybersecurity landscape, with 90% of IT and security leaders reporting cyberattacks in the past year. Nearly one-fifth of organizations experienced more than 25 cyberattacks in 2024 - averaging one breach every other weeks.

The most prevalent attack vectors include data breaches (30%), malware (29%), cloud/SaaS breaches (28%), phishing (28%), and insider threats (28%). The attacks resulted in increased security costs (40%), reputational damage (37%), and forced leadership changes (33%).

Key findings show that 90% of organizations manage hybrid cloud environments, with 35% citing cross-ecosystem data security as their top challenge. Of organizations hit by ransomware, 86% paid ransoms, while 74% reported partial compromise of backup systems. The study is based on insights from 1,600+ IT leaders across 10 countries and analysis of 5.8 billion files.