NASDAQ$RPD
Rapid7 Inc · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Rapid7 reported strong financial results for Q1 2021, demonstrating accelerated ARR growth and strong free cash flow dynamics.
Rapid7 announced a strong start to 2021 with a 30% year-over-year increase in ARR and solid free cash flow. The company's Q1 revenue reached $117.5 million, a 24% increase year-over-year, driven by a 25% increase in product revenue. Rapid7 is focused on delivering best-in-class security solutions to meet customers' evolving needs.
- ARR increased by 30% year-over-year, reaching $455.8 million.
- Revenue increased by 24% year-over-year to $117.5 million.
- Product revenue increased by 25% year-over-year to $109.3 million.
- Customer growth increased by 11% year-over-year.
Headline financials
Revenue & EPS history
Rapid7 · Revenue · Quarterly
$117M
Revenue by segment
Rapid7 · $8.17M total across 1 segment · Q1 2021
- Professional services$8.17M+20.2%100.0%
Forward guidance
Rapid7 anticipates ARR of approximately $530 million and revenue between $121.7 million and $123.3 million for the second quarter of 2021. For the full year 2021, Rapid7 anticipates revenue between $500.0 million and $506.0 million.
Tailwinds
- Anticipated non-GAAP income from operations of $4.3 million to $5.3 million for Q2 2021.
- Anticipated non-GAAP net income per share of $0.02 to $0.03 for Q2 2021.
- Anticipated free cash flow of approximately $15.0 million for Q2 2021.
- Anticipated non-GAAP income from operations of $12.0 million to $16.0 million for the full year 2021.
- Anticipated non-GAAP net income (loss) per share of $(0.03) to $0.04 for the full year 2021.
Headwinds
- Second quarter revenue year-over-year growth anticipated to be 23% to 25%.
- Full year revenue year-over-year growth anticipated to be 22% to 23%.
- Anticipated GAAP loss from operations between $(21.8) million and $(20.8) million for Q2 2021.
- Anticipated GAAP net loss between $(26.3) million and $(25.3) million for Q2 2021.
- Anticipated GAAP net loss per share, basic and diluted $(0.47) to $(0.46) for Q2 2021.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2021
-0.9%
Avg return
Earnings day
-1.9%
Avg return
5 days after
-1.0%
Avg return
30 days after
50%
22 / 44 earnings
Positive
+13.7%
Q4 2015
Best reaction
-29.0%
Q4 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +3.1% | -4.8% | +12.4% | |
| Q4 2025 | -29.0% | -30.9% | -34.4% | |
| Q3 2025 | -20.1% | -21.1% | -10.3% | |
| Q1 2025 | -8.2% | -11.3% | -11.3% | |
| Q4 2024 | -5.4% | -7.1% | -23.9% | |
| Q3 2024 | +2.9% | +3.2% | +8.4% | |
| Q2 2024 | +8.6% | +8.1% | +8.2% | |
| Q1 2024 | -17.8% | -18.1% | -22.1% | |
| Q4 2023 | +2.7% | +6.6% | -5.7% | |
| Q3 2023 | +1.4% | +5.6% | +20.6% | |
| Q2 2023 | +9.1% | +20.7% | +16.6% | |
| Q1 2023 | -2.9% | -5.4% | -3.2% | |
| Q4 2022 | -0.5% | -1.9% | -17.9% | |
| Q3 2022 | -27.8% | -35.9% | -24.9% | |
| Q2 2022 | -0.8% | -1.6% | -21.2% | |
| Q1 2022 | -17.2% | -29.6% | -23.8% | |
| Q4 2021 | +1.7% | -1.6% | +4.4% | |
| Q3 2021 | +10.8% | +13.9% | -7.1% | |
| Q2 2021 | -1.4% | -1.8% | +8.3% | |
| Q1 2021 | -1.4% | +3.3% | +8.8% | |
| Q4 2020 | +0.8% | -1.4% | -10.1% | |
| Q3 2020 | +7.4% | +8.1% | +15.9% | |
| Q2 2020 | -2.7% | -6.4% | +0.6% | |
| Q1 2020 | +2.2% | -0.9% | +4.5% | |
| Q4 2019 | -6.2% | -8.5% | -32.0% | |
| Q3 2019 | -0.3% | +1.5% | +6.8% | |
| Q2 2019 | -4.5% | -8.6% | -11.5% | |
| Q1 2019 | +0.0% | +0.7% | -0.4% | |
| Q4 2018 | +10.1% | +14.0% | +11.5% | |
| Q3 2018 | +8.6% | +1.6% | -4.6% | |
| Q2 2018 | +13.0% | +10.4% | +28.9% | |
| Q1 2018 | +2.0% | -0.3% | +2.9% | |
| Q4 2017 | -1.6% | +1.9% | +13.0% | |
| Q3 2017 | +7.4% | +5.3% | +4.7% | |
| Q2 2017 | +0.1% | +3.3% | +12.9% | |
| Q1 2017 | +4.8% | +1.7% | -0.2% | |
| Q4 2016 | +10.8% | +20.3% | +17.1% | |
| Q3 2016 | -16.6% | -15.5% | -7.4% | |
| Q2 2016 | +8.8% | +8.8% | +27.4% | |
| Q1 2016 | -4.5% | — | — | |
| Q4 2015 | +13.7% | — | — | |
| Q3 2014 | -3.3% | — | — | |
| Q3 2015 | -5.3% | — | — | |
| Q2 2015 | +7.9% | — | — | |
| Q4 2014 | — | — | — | |
| Q2 2014 | — | — | — | |
| Q1 2014 | — | — | — |
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