Business
Rapid7 Announces Second Quarter 2025 Financial Results
Annualized recurring revenue (“ARR”) of $841 million, an increase of 3% year-over-yearTotal revenue of $214 million, up 3% year-over-year; Product
About this update from Rapid7, Inc.
[{"type":"text","content":"Annualized recurring revenue (“ARR”) of $841 million, an increase of 3% year-over-yearTotal revenue of $214 million, up 3% year-over-year; Product subscriptions revenue of $208 million, up 4% year-over-yearGAAP operating income of $3.5 million; Non-GAAP operating income of $36 millionNet cash provided by operating activities of $48 million; Free cash flow of $42 million BOSTON, Aug. 07, 2025 (GLOBE NEWSWIRE) -- Rapid7, Inc. (Nasdaq: RPD), a leader in threat detection and exposure management, today announced its financial results for the second quarter 2025. “Our Detection and Response business remains a consistent growth engine, and we are encouraged by growing customer interest in our Command Platform strategy,” said Corey Thomas, CEO of Rapid7. “As security teams face increasing complexity, they are turning to integrated solutions that provide unified visibility, expert-guided AI, and better security outcomes. We remain focused on delivering against these needs with urgency and discipline.” Second Quarter 2025 Financial Results and Other Metrics As of June 30, 2025 2024 % Change (dollars in thousands)ARR$840,610 $815,630 3%Number of customers 11,643 11,484 1%ARR per customer$72.2 $71.0 2% Three Months Ended June 30, 2025 2024 % Change (in thousands, except per share data)Product subscriptions revenue$208,097 $200,067 4%Professional services revenue 6,096 7,924 (23%)Total revenue$214,193 $207,991 3% North America revenue$160,622 $159,322 1%Rest of world revenue 53,571 48,669 10%Total revenue$214,193 $207,991 3% GAAP gross profit$151,134 $146,999 GAAP gross margin 71% 71% Non-GAAP gross profit$158,137 $154,281 Non-GAAP gross margin 74% 74% GAAP income from operations$3,494 $5,223 GAAP operating margin 2% 3% Non-GAAP income from operations$36,348 $39,276 Non-GAAP operating margin 17% 19% GAAP net income$8,338 $6,538 GAAP net income per share, basic$0.13 0.10 GAAP net income per share, diluted$0.13 $0.09 Non-GAAP net income$42,191 $41,646 Non-GAAP net income per share: Basic$0.65 $0.67 Diluted$0.58 $0.58 Adjusted EBITDA$42,648 $45,438 Net cash provided by operating activities$47,542 $32,858 Free cash flow$42,280 $29,205 For additional details on the reconciliation of non-GAAP measures and certain other business metrics to their nearest comparable GAAP measures, please refer to the accompanying financial data tables included in thi...