secwatch.observer — SEC 8-K summary
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Issuer:     Rapid7, Inc. (RPD)
CIK:        0001560327
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001560327-23-000024
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1560327/000156032723000024/0001560327-23-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1560327/000156032723000024/rp-20230509.htm
  HTML page:      https://secwatch.observer/filing/0001560327-23-000024

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer