---
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"
generated_at: "2026-06-02T18:14:39.095833+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Rapid7 Q1 ARR of $807M misses expectations; revenue up 12% to $205M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- 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/1560327/000156032724000048/0001560327-24-000048-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1560327/000156032724000048/rp-20240507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001560327-24-000048
- JSON: https://secwatch.observer/filing/0001560327-24-000048.json
- Plain text: https://secwatch.observer/filing/0001560327-24-000048.txt

## Key facts
- Earnings Releases
  Rapid7, Inc. reported the fiscal quarter ended March 31, 2024 results: revenue $205,101, net income $2,258, EPS $0.04.
  - Period: the fiscal quarter ended March 31, 2024
  - Revenue: $205,101
  - Net income: $2,258
  - EPS: $0.04
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1560327/000156032724000048/0001560327-24-000048-index.htm

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