---
schema_version: "secwatch.filing_event.v1"
accession: "0001560327-23-000024"
form_type: "8-K"
ticker: "RPD"
cik: "0001560327"
company_name: "Rapid7, Inc."
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T09:02:33.051041+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Rapid7 Q1 ARR $728M (+16% YoY); Non-GAAP op income turns positive at $11M

## Summary
- Total revenue $183M (+16% YoY); Products revenue $174M (+17% YoY).
- GAAP net loss $25.9M ($0.43 loss per share); Non-GAAP net income $10M ($0.16 diluted EPS).
- Customers surpassed 11,000; ARR per customer grew 9% YoY to $66K.
- Q2 2023 guidance: ARR $815-825M; FY 2023 non-GAAP op income raised to $59-63M.
- Acquired Minerva Labs to extend managed threat detection with ransomware prevention.

## SEC filing metadata
- accession: 0001560327-23-000024
- form_type: 8-K
- ticker: RPD
- cik: 0001560327
- company_name: Rapid7, Inc.
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1560327/000156032723000024/0001560327-23-000024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1560327/000156032723000024/rp-20230509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001560327-23-000024
- JSON: https://secwatch.observer/filing/0001560327-23-000024.json
- Plain text: https://secwatch.observer/filing/0001560327-23-000024.txt

## Key facts
- Earnings Releases
  Rapid7, Inc. reported the fiscal quarter ended March 31, 2023 results: revenue $ 183,174, net income $ (25,915), EPS $ (0.43). Guidance raised.
  - Period: the fiscal quarter ended March 31, 2023
  - Revenue: $ 183,174
  - Net income: $ (25,915)
  - EPS: $ (0.43)
  - Guidance: raised
  - Result: reported results
  source text: First Quarter 2023 Financial Results and Other Metrics Three Months Ended March 31, 2023 2022 % Change (dollars in thousands) Annualized recurring revenue $ 727,853 $ 627,122 16 % Number of customers 11,034 10,407 6 % ARR per customer $ 66.0 $ 60.3 9 % rapid7.com Three Months Ended March 31, 2023 2022 % Change (in thousands, except per share data) Products revenue $ 173,772 $ 149,025 17 % Professional services revenue 9,402 8,359 12 % Total revenue $ 183,174 $ 157,384 16 % North America revenue $ 143,880 $ 124,934 15 % Rest of world revenue 39,294 32,450 21 % Total revenue $ 183,174 $ 157,384 16 % GAAP gross profit $ 127,175 $ 106,095 GAAP gross margin 69 % 67 % Non-GAAP gross profit $ 134,387 $ 113,029 Non-GAAP gross margin 73 % 72 % GAAP loss from operations $ (23,965) $ (40,379) GAAP operating margin (13) % (26) % Non-GAAP income from operations $ 10,993 $ (5,619) Non-GAAP operating margin 6 % (4 %) GAAP net loss $ (25,915) $ (44,999) GAAP net loss per share,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1560327/000156032723000024/0001560327-23-000024-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.