Rapid7 Q3 2024 revenue $215M (+8% YoY), GAAP net income $16.6M vs loss; raises guidance

Rapid7, Inc.

2024-Q3 EPS reported $0.36 revenue$627,746,000

ARR of $823M, up 6% YoY; product subscriptions revenue $206M (+8% YoY).
GAAP net income $16.6M ($0.22 diluted) vs loss of $76.6M in Q3 2023; non-GAAP EPS $0.66.
Free cash flow $39M vs negative $0.6M a year ago; operating cash flow $44M.
Q4 ARR guidance $835-845M (4-5% YoY growth); full-year non-GAAP EPS $2.28-2.31.
CEO cites strong sales pipeline and early traction from new Command platform.

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