PALO ALTO, Calif. - Rubrik, Inc. (NYSE: RBRK) saw its stock surge 20% after the data security company reported better-than-expected third quarter results and raised its full-year outlook.
The company's performance exceeded analyst estimates across key metrics, signaling robust demand for its cybersecurity solutions.
For the third quarter ended October 31, Rubrik posted revenue of $236.2 million, up 43% YoY and surpassing the consensus estimate of $217.5 million. The company reported an adjusted loss per share of $0.21, narrower than the $0.40 loss analysts expected.
Subscription Annual Recurring Revenue (ARR), a key growth metric, jumped 38% YoY to $1.0 billion. This milestone achievement, reached just over a decade after the company's founding, underscores Rubrik's rapid expansion in the cyber resilience market.
"We're incredibly proud to have surpassed $1 billion in Subscription ARR, growing 38% year-over-year," said Bipul Sinha, Rubrik's CEO. "This is a significant milestone achieved in just over 10 years since the company was founded."
For the fourth quarter, the company expects revenue between $231.5 million and $233.5 million, above the $225.1 million consensus. For the full fiscal year 2025, Rubrik raised its revenue guidance to $860-862 million, topping analyst projections of $834.9 million.
With 2,085 customers contributing over $100,000 in annual recurring revenue, up 32% YoY, Rubrik appears well-positioned for continued growth.
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