earnings
confidence high
sentiment positive
materiality 0.85
Rapid7 Q3 ARR $777M (+14% YoY), revenue $199M (+13%); guides Q4 ARR $800M+
Rapid7, Inc.
2023-Q3 EPS reported
-$2.80
revenue$572,439,000
- ARR $777M (+14% YoY); total revenue $199M (+13%); Products revenue $190M (+14%).
- GAAP operating loss narrowed to $16M from $23M; Non-GAAP operating income $37M (18% margin).
- GAAP net loss $76.6M ($1.25/share) vs $28.7M loss; Non-GAAP net income $34M ($0.50 diluted EPS).
- Q4 guidance: ARR $800-805M, revenue $200-202M, Non-GAAP EPS $0.47-0.49; FY23 FCF ~$80M.
- Issued $300M 1.25% convertible notes due 2029; repurchased $184M of 2.25% notes due 2025.