secwatch.observer — SEC 8-K summary
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Issuer:     Rapid7, Inc. (RPD)
CIK:        0001560327
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001560327-24-000091
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rapid7 Q2 ARR $816M (+9% YoY), revenue $208M (+9%); guides Q3 non-GAAP EPS $0.50-0.53
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1560327/000156032724000091/0001560327-24-000091-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1560327/000156032724000091/rp-20240806.htm
  HTML page:      https://secwatch.observer/filing/0001560327-24-000091

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