Rubrik Inc. (RBRK) saw its stock climb 22.5% following a strong third-quarter earnings report that exceeded analyst forecasts on both revenue and adjusted net income. The company reported $138 million in revenue, up 24% year-over-year, with non-GAAP net income reaching $14.2 million, surpassing the expected $10.5 million.
- Rubrik reported Q3 revenue of $138 million, a 24% year-over-year increase
- Adjusted non-GAAP net income reached $14.2 million, surpassing the $10.5 million estimate
- New logo growth rose 32% year-over-year, with expansion revenue up 27%
- Gross margin improved to 83.7% from 81.1% in the prior-year quarter
- Cash flow from operations totaled $38.4 million in Q3
- Stock surged 22.5% in after-hours trading following earnings release
Rubrik Inc. (RBRK) delivered a standout performance in its fiscal third quarter, driving its shares higher by 22.5% in after-hours trading. The cloud data management platform reported total revenue of $138 million, marking a 24% increase compared to the same quarter last year. This growth was fueled by a 32% year-over-year rise in new logo acquisitions and a 27% increase in expansion revenue from existing customers. The company’s adjusted non-GAAP net income reached $14.2 million, significantly outpacing the consensus estimate of $10.5 million. Gross margin improved to 83.7%, up from 81.1% in the prior-year period, reflecting operational efficiency gains and stronger product mix. Cash flow from operations totaled $38.4 million, demonstrating robust balance sheet health. Analysts noted that Rubrik’s performance signals increasing demand for integrated data security and recovery solutions amid rising cyber threats and regulatory pressures. The company’s strategic pivot toward hybrid cloud and AI-driven data governance tools appears to be resonating with enterprise clients, particularly in financial services and healthcare sectors. The surge in investor confidence has elevated RBRK’s market capitalization above $5.8 billion, placing it among the top-performing software stocks in the quarter. Institutional investors increased their stake by 8.3% in the quarter, according to recent filings.