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Financial statements

Rubrik, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 4 fiscal years, taken from the XBRL data Rubrik, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2023FY2025FY2025FY2026
Revenue6006288871,316
Cost of revenue182145266262
Gross profit4184836211,054
Research and development175207532374
Selling and marketing418483868769
General and administrative86.8100356257
Operating expenses6797891,7551,400
Operating income-262-307-1,134-345
Interest expense11.730.341.317.2
Interest income5.1411.225.452.2
Other non-operating income-1.03-1.881.48-9.33
Pre-tax income-269-327-1,148-326
Income tax8.626.76.3722.4
Net income-278-354-1,155-349
EBITDA-239-282-1,105-308
EPS, basic-4.66-5.84-7.48-1.78
EPS, diluted-4.66-5.84-7.48-1.78
Shares, basic (weighted)59.660.6154196
Shares, diluted (weighted)59.660.6154196

Balance sheet

FY2023FY2025FY2025FY2026
Cash and equivalents141130186380
Short-term investments1495191,296
Receivables134178257
Inventory4.814.185.68
Other current assets7.9816.414.9
Total current assets5491,0782,224
Property, plant and equipment47.953.283.8
Lease right-of-use assets29.825.932.9
Goodwill100100200
Other non-current assets62.959.3102
Total assets8741,4232,767
Accounts payable6.8710.415.3
Accrued liabilities123163230
Deferred revenue5267771,069
Total current liabilities6569501,314
Long-term debt287322
Lease liabilities22.318.424.3
Other non-current liabilities55.161.864.8
Total liabilities1,5781,9773,286
Total debt287322
Paid-in capital2652,2922,663
Retained earnings-1,683-2,837-3,186
Other comprehensive income-2.24-8.243.73
Shareholders' equity-1,087-1,419-554-520
Total equity-1,087-1,419-554-520
Total liabilities and equity8741,4232,767

Cash flow statement

FY2023FY2025FY2025FY2026
Net income-278-354-1,155-349
Depreciation and amortization22.424.328.937.1
Stock-based compensation6.955.72914329
Deferred income tax4.451.941.244.01
Change in receivables8.7517.2-44.3-79.8
Change in payables-7.49-1.014.484.48
Cash from operations19.3-4.5248.2283
Capital expenditures-25-12.3-16.9-29.6
Acquisitions0-90.30-21.3
Purchases of investments-219-246-797-1,472
Sales and maturities of investments92.2255407708
Cash from investing-125-93.6-383-830
Debt repaid00-330
Stock issued3.823.388.524.08
Share buybacks-0.0100
Cash from financing17295.9398737
Exchange rate effect-1.01-1.36-6.279.83
Net change in cash64.9-3.5556.5199
Free cash flow-5.73-16.931.3253
Interest paid4.959.521511.8
Income taxes paid6.025.0511.912

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to July 31, 2026; growth uses fiscal years. Valuation uses the share price of $109.55 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Gross margin80.2%Gross profit / revenue.
Operating margin-18.3%Operating income / revenue.
EBITDA margin-16.2%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin-14.6%Pre-tax income / revenue.
Net margin-16.5%Net income / revenue.
FCF margin19.7%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin21.9%Cash from operations / revenue.
Return on assets (ROA)-8.9%Net income / average total assets.
R&D / revenue28.6%Research and development expense / revenue.
Stock-based pay / revenue22.2%Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue2.2%Capital expenditures / revenue.
D&A / revenue2.1%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y48.5%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y29.9%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit growth, 1y69.8%Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y36.1%Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow growth, 1y486.6%Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y144.8%Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow growth, 1y708.1%Free cash flow vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y94.4%Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y27.3%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y48.8%Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio1.64xCurrent assets / current liabilities.
Quick ratio1.46x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio1.26x(Cash + short-term investments) / current liabilities.
Liabilities / assets117.5%Total liabilities / total assets.
Interest coverage-65.0xOperating income / interest expense.
Working capital$888.1MCurrent assets - current liabilities.
Goodwill and intangibles / assets7.8%(Goodwill + intangible assets) / total assets.
Tangible book value-$722.6MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.54xRevenue / average total assets.
Fixed asset turnover16.6xRevenue / average property, plant and equipment.
Inventory turnover45.2xCost of revenue / average inventory.
Days inventory8 days365 x average inventory / cost of revenue.
Receivables turnover5.73xRevenue / average receivables.
Days sales outstanding64 days365 x average receivables / revenue.
Days payables27 days365 x average accounts payable / cost of revenue.
Cash conversion cycle45 daysDays inventory + days sales outstanding - days payables.
Capex / operating cash flow9.8%Capital expenditures / cash from operations, when that is positive.

Per share

MetricValueHow it is calculated
EPS, diluted-$1.23Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share$7.48Revenue / diluted weighted shares.
FCF per share$1.47Free cash flow / diluted weighted shares.
Operating cash flow per share$1.64Cash from operations / diluted weighted shares.
Book value per share-$2.42Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share-$3.51Tangible book value / shares outstanding.
Cash per share$8.48(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$22.55BShare price x shares outstanding.
Enterprise value$20.80BMarket cap + total debt - cash - short-term investments.
P/S14.6xMarket cap / revenue.
P/FCF74.2xMarket cap / free cash flow. Only when free cash flow is positive.
P/OCF66.9xMarket cap / cash from operations, when positive.
EV/Sales13.5xEnterprise value / revenue.
EV/FCF68.4xEnterprise value / free cash flow, when both are positive.
FCF yield1.3%Free cash flow / market cap.
Earnings yield-1.1%Net income / market cap (the inverse of P/E).
What was Rubrik, Inc.'s revenue in fiscal 2026?

Rubrik, Inc. reported revenue of $1.32B for fiscal 2026, 48.5% higher than the year before.

Was Rubrik, Inc. profitable in fiscal 2026?

No. It reported a net loss of $348.8M.

How much free cash flow did Rubrik, Inc. generate in fiscal 2026?

Cash from operations of $282.9M minus capital expenditures of $29.6M left free cash flow of $253.3M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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