earnings
confidence high
sentiment positive
materiality 0.70
Rapid7 Q2 ARR $816M (+9% YoY), revenue $208M (+9%); guides Q3 non-GAAP EPS $0.50-0.53
Rapid7, Inc.
2024-Q2 EPS reported
$0.14
revenue$413,092,000
- ARR $815.6M (+9% YoY), total revenue $208.0M (+9%); product subscriptions $200.1M (+10%).
- GAAP net income $8.2M ($0.11 diluted EPS) vs loss of $66.8M a year ago; non-GAAP net income $41.6M ($0.58).
- GAAP operating income $6.9M (3% margin) vs loss of $51.7M (-27%) in Q2 2023; non-GAAP operating income $39.3M.
- Free cash flow $29.2M in Q2; management guides FY free cash flow $150-160M.
- Acquired Noetic Cyber in July 2024 for cyber asset attack surface management; collaboration with Comcast Business MDR.