NYSE$RBRK

Rubrik Inc · Q3 2025 earnings

Q3 2025 earnings · · Investor relations

Briefing

Rubrik's Q3 2025 results showed strong growth and exceeded expectations, with Subscription ARR surpassing $1 billion and revenue increasing significantly.

Rubrik reported strong Q3 FY2025 results, with Subscription ARR growing 38% year-over-year to $1,002.3 million and revenue increasing 43% year-over-year to $236.2 million. The company exceeded all guided metrics and raised its full-year guidance. Additionally, Rubrik generated positive free cash flow and improved its Subscription ARR Contribution Margin.

  • Subscription ARR grew 38% year-over-year to $1,002.3 million.
  • Revenue grew 43% year-over-year to $236.2 million.
  • Customers with $100K or more in Subscription ARR increased by 32% year-over-year, reaching 2,085.
  • The company exceeded all guided metrics and raised full-year guidance.

Headline financials

Total Revenue

$236M

No prior period
EPS (adj)

-$0.21

No prior period
Subscription ARR

$1B

No prior period
Subscription ARR Contribution Margin

-3.3%

No prior period
GAAP Gross Margin

76.2%

No prior period
Non-GAAP Gross Margin

79.2%

No prior period
Capital Expenditures

-$11.3M

No prior period
Free Cash Flow

-$142M

No prior period
Net Income

-$131M

No prior period
Operating Income

-$125M

No prior period
Gross Profit

$180M

No prior period

Revenue & EPS history

Rubrik Inc · Revenue · Quarterly

$236M

Q3 2025
Beat estimate in 8 of 9 quarters(89%)
ActualEstimate

Revenue by segment

Rubrik Inc · $175M total across 3 segments · Q4 2024

  • Subscription Revenue
    $159M
  • Other Revenue
    $9.48M
  • Maintenance Revenue
    $6.88M

Forward guidance

Rubrik provided guidance for the fourth quarter of fiscal year 2025 and the full fiscal year 2025.

Tailwinds

  • Fourth Quarter Fiscal 2025 Revenue of $231.5 million to $233.5 million.
  • Fourth Quarter Fiscal 2025 Non-GAAP Subscription ARR contribution margin of approximately (3)% to (2)%.
  • Fourth Quarter Fiscal 2025 Non-GAAP EPS of $(0.41) to $(0.37).
  • Full Year 2025 Subscription ARR between $1,057 million and $1,061 million.
  • Full Year 2025 Revenue of $860 million to $862 million.

Headwinds

  • Fourth Quarter Fiscal 2025 Weighted-average shares outstanding of approximately 187 million.
  • Full Year 2025 Non-GAAP Subscription ARR contribution margin of approximately (3)% to (2)%.
  • Full Year 2025 Non-GAAP EPS of $(1.86) to $(1.82).
  • Full Year 2025 Weighted-average shares outstanding of approximately 154 million.
  • Full Year 2025 Free cash flow of $(45) million to $(39) million, including $22.8 million in employer payroll taxes due to the vesting of certain equity awards in connection with our initial public offering.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 13 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

+2.9%

Avg return

Earnings day

+1.9%

Avg return

5 days after

+5.1%

Avg return

30 days after

57%

8 / 14 earnings

Positive

+27.8%

Q4 2025

Best reaction

-18.2%

Q2 2026

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2027-4.7%-7.3%
Q4 2026-0.8%-3.6%-18.9%
Q3 2026+22.3%+27.7%+7.2%
Q2 2026-18.2%-23.2%-16.4%
Q1 2026-0.6%-9.9%-9.6%
Q4 2024+3.8%+2.6%+42.4%
Q4 2025+27.8%+28.4%+6.7%
Q3 2023+2.5%+3.6%-9.9%
Q3 2025+22.8%+31.6%+27.1%
Q2 2023-9.0%-3.8%+18.0%
Q2 2024+2.8%-0.7%+17.2%
Q1 2024+1.2%-4.6%+5.4%
Q1 2023+1.2%-4.6%+5.4%
Q1 2025-10.2%-9.1%-7.7%
Q4 2023

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