{"schema_version":"secwatch.filing_event.v1","accession":"0001560327-24-000048","form_type":"8-K","ticker":"RPD","cik":"0001560327","company_name":"Rapid7, Inc.","filed_at":"2024-05-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.957499+00:00","generated_at":"2026-06-02T18:14:39.095833+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Rapid7 Q1 ARR of $807M misses expectations; revenue up 12% to $205M","bullets":["ARR of $807M (+11% YoY) below expectations due to slower migration to Cloud Risk Complete.","Total revenue $205M (+12% YoY); product subscriptions $197M (+13%), professional services $8.2M (-13%).","GAAP operating income $10.6M (5% margin) vs. GAAP loss of $24.0M in Q1 2023; non-GAAP operating income $40.3M (20% margin).","Free cash flow $27.5M; management reaffirms FY 2024 FCF outlook of at least $160M.","Q2 2024 guidance: ARR $850-860M (+6-7% YoY); full-year revenue $830-836M, non-GAAP EPS $2.10-$2.21."],"urls":{"canonical":"https://secwatch.observer/filing/0001560327-24-000048","json":"https://secwatch.observer/filing/0001560327-24-000048.json","markdown":"https://secwatch.observer/filing/0001560327-24-000048.md","text":"https://secwatch.observer/filing/0001560327-24-000048.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1560327/000156032724000048/0001560327-24-000048-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1560327/000156032724000048/rp-20240507.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T18:14:39.095833+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4b39f56bc5f7558db6bbde66a667b038a11082df","claim":"Rapid7, Inc. reported the fiscal quarter ended March 31, 2024 results: revenue $205,101, net income $2,258, EPS $0.04.","evidence_excerpt":"2024 2023 % Change (in thousands, except per share data) Product subscriptions revenue $ 196,918 $ 173,772 13 % Professional services revenue 8,183 9,402 (13 %) Total revenue $ 205,101 $ 183,174 12 % North America revenue $ 157,340 $ 143,880 9 % Rest of world revenue 47,761 39,294 22 % Total revenue $ 205,101 $ 183,174 12 % GAAP gross profit $ 144,198 $ 127,175","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1560327/000156032724000048/0001560327-24-000048-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal quarter ended March 31, 2024"},{"label":"Revenue","value":"$205,101"},{"label":"Net income","value":"$2,258"},{"label":"EPS","value":"$0.04"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}