Highlights

  • Rubrik shares were trading at $128.74 on October 23, 2026, up 6.62%.
  • Fiscal second-quarter revenue rose 37.9% to $427.3 million, from $309.9 million a year earlier.
  • Net loss narrowed to $61.8 million, or $0.30 per share, from $95.9 million a year earlier.
  • Subscription Annual Recurring Revenue grew 33% year over year to $1.66 billion as of July 31, 2026.

Rubrik (NYSE: RBRK) shares were trading at USD 128.74 on October 23, 2026, up 6.62%. The data security and AI operations company reported fiscal second-quarter results showing continued strong top-line growth and a narrowing operating loss as it scales its subscription business.

Rubrik was incorporated in Delaware in December 2013 and is headquartered in Palo Alto, California. The company describes its mission as securing and accelerating the world’s AI transformation, built around the Rubrik Security Cloud suite, a cloud-native SaaS platform using Zero Trust design principles to detect, analyze and remediate data security risks across enterprise, cloud, SaaS, unstructured data and identity environments. The results discussed here cover the three months ended July 31, 2026, the second quarter of Rubrik’s fiscal 2027.

Revenue and Subscription ARR Both Grow by More Than a Third

Total revenue for the quarter was $427.3 million, up 37.9% from $309.9 million a year earlier, with subscription revenue of $407.2 million, up 37.1% from $297.0 million. Gross profit rose to $335.1 million from $246.3 million. Operating expenses increased to $407.0 million from $340.8 million, led by research and development spending of $126.9 million, up from $92.1 million, and sales and marketing expenses of $224.5 million, up from $182.0 million, while general and administrative expenses declined to $55.7 million from $66.7 million. Loss from operations narrowed to $71.9 million from $94.5 million.

Net loss for the quarter was $61.8 million, or $0.30 per share, compared with $95.9 million, or $0.49 per share, a year earlier; the prior-year quarter had also included a $6.7 million loss on debt extinguishment that did not recur. Interest income rose to $16.4 million from $12.2 million, reflecting higher average cash and investment balances.

Subscription ARR Growth Continues as the Business Scales

Rubrik’s Subscription ARR, which the company defines as the annualized value of active subscriptions assuming renewal on existing terms, reached $1,660.9 million as of July 31, 2026, up 33% from $1,252.4 million a year earlier, though the growth rate moderated from 36% in the prior-year comparison. The company said its average subscription dollar-based net retention rate and its base of customers with $100,000 or more in Subscription ARR remain key indicators it uses to track expansion within its existing customer base, reflecting both new product adoption and growth in the volume of data secured for existing customers.

AI Operations Push Continues with Rubrik Agent Cloud

In February 2026, Rubrik launched Rubrik Agent Cloud, which the company describes as a comprehensive AI operations suite designed to dynamically monitor, control and remediate agentic actions, extending its platform beyond traditional data protection and recovery into securing AI agents and non-human identities. Management has said it continues to believe that data security and cyber resilience are foundational to enterprises’ broader AI transformation efforts.

Balance Sheet Remains Well Funded

As of July 31, 2026, Rubrik had cash, cash equivalents and short-term investments of $1.75 billion and restricted cash of $6.0 million. The company reported an accumulated deficit of $3.29 billion, reflecting a history of operating losses as it has invested in growth, and said it expects to continue incurring operating losses for the foreseeable future, with operating cash flows that may fluctuate between positive and negative amounts.