Tearsheet

Rubrik (RBRK)

Market Price (5/9/2026): $61.21 | Market Cap: $12.3 Bil
Sector: Information Technology | Industry: Systems Software

Rubrik (RBRK)

Market Price (5/9/2026): $61.21
Market Cap: $12.3 Bil
Sector: Information Technology
Industry: Systems Software

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 48%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 21%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 18%

Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -30%

Megatrend and thematic drivers
Megatrends include Cybersecurity, and Cloud Computing. Themes include Cloud Security, Software Security, Show more.

Weak multi-year price returns
3Y Excs Rtn is -12%

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -345 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -26%

Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 25%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -6.9%

Key risks
RBRK key risks include [1] a consistent lack of profitability and negative shareholder equity and [2] a high valuation that demands near-perfect execution to avoid a significant stock sell-off.

0	Strong revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 48%
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 21%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 18%
2	Valuation becoming less expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -30%
3	Megatrend and thematic drivers Megatrends include Cybersecurity, and Cloud Computing. Themes include Cloud Security, Software Security, Show more.
4	Weak multi-year price returns 3Y Excs Rtn is -12%
5	Not profitable at operating income level Op Inc LTMOperating Income, Last Twelve Months is -345 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -26%
6	Significant share based compensation SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 25%
7	Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -6.9%
8	Key risks RBRK key risks include [1] a consistent lack of profitability and negative shareholder equity and [2] a high valuation that demands near-perfect execution to avoid a significant stock sell-off.

Valuation, Metrics & Events

	5/9/26	2025	2024	2023
Share Price CYE	$61.21	$76.48	$65.36	�
Market Cap CYE ($ Bil)	12.3	15.4	12.3	-
Total Debt ($ Bil)	1.1	1.1	0.3	0.3
Total Cash ($ Bil)	1.7	1.7	0.7	0.3
Enterprise Value ($ Bil)	11.8	16.5	12.6
Valuation Ratios
P/S TTM	9.3	11.7	13.9	-
P/EBIT TTM	-39.8	-49.7	-11.1	-
P/E TTM	-35.2	-44.0	-10.7	-
P/FCF TTM	51.7	64.6	568.8	-
Sector Ratios
P/S TTM (Sector)	4.0	3.6	3.4	3.8
P/EBIT TTM (Sector)	9.8	9.1	7.5	5.7
P/E TTM (Sector)	9.2	7.8	0.2	-0.1
P/FCF TTM (Sector)	13.6	13.2	16.4	16.7

	5/9/26	2025	2024
Share Price CYE	$61.21	$76.48	$65.36
Market Cap CYE ($ Bil)	12.3	15.4	12.3
Total Debt ($ Bil)	1.1	1.1	0.3
Total Cash ($ Bil)	1.7	1.7	0.7
Enterprise Value ($ Bil)	11.8	16.5	12.6
Valuation Ratios
P/S TTM	9.3	11.7	13.9
P/EBIT TTM	-39.8	-49.7	-11.1
P/E TTM	-35.2	-44.0	-10.7
P/FCF TTM	51.7	64.6	568.8
Sector Ratios
P/S TTM (Sector)	4.0	3.6	3.4
P/EBIT TTM (Sector)	9.8	9.1	7.5
P/E TTM (Sector)	9.2	7.8	0.2
P/FCF TTM (Sector)	13.6	13.2	16.4

	RBRK	S&P 500
REVENUE GROWTH	VERY GOOD
Rev LTM ($ Bil)	1.3
Rev Chg Q	46.3%	8.6%
Rev Chg LTM	48.5%	7.3%
Rev Chg 3Y Avg	44.8%	5.8%
PROFITABILITY	VERY POOR
Op Inc LTM ($ Bil)	-0.3
CFO LTM ($ Bil)	0.3
Net Inc LTM ($ Bil)	-0.3
Op Mgn LTM	-26.2%	18.4%
CFO/Rev LTM	21.5%	21.0%
Net Inc Mgn	-26.5%	12.9%
VALUATION	VERY HIGH
P/S	9.3	3.2
P/CFO	43.5	15.0
P/FCF	51.7	19.5
P/E	-35.2	23.7
STABILITY	VERY GOOD
Debt/Equity	0.09	0.22
Cash/Assets	0.61	0.07

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Metric	Value	Date	Source
Subscription Annual Recurring Revenue	$1.25 billion	7312025	Link
Cloud Annual Recurring Revenue	$1.1 billion	10172025	Link
Customers with over $100K in Subscription ARR	2505	7312025	Link
Average Subscription Dollar-Based Net Retention Rate	exceeding 120%	6062025	Link
Subscription ARR Contribution Margin	9.4%	9092025	Link
Net New Subscription ARR	$71 million	10172025	Link

Upcoming
6/04/2026	Earnings Release	Rev: $366 Mil (E) EPS: $-0.03 (E)

Price Chart

Return (1M):

Why The Stock Moved

Qualitative Assessment

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Rubrik (RBRK) stock has gained about 10% since 1/31/2026 because of the following key factors:

1. Rubrik reported strong fourth-quarter fiscal year 2026 financial results, exceeding market expectations. The company announced non-GAAP earnings per share (EPS) of $0.04, significantly beating the consensus estimate of a loss of $0.11 by $0.15 for the quarter ended January 31, 2026. Total revenues reached $377.7 million, surpassing analysts' expectations of $342.43 million and representing a 46.3% increase year-over-year. Additionally, Subscription Annual Recurring Revenue (ARR) grew 34% year-over-year to $1.46 billion, driven by a record $115 million in net new subscription ARR during the quarter.

2. The stock benefited from a wave of positive analyst coverage, including new initiations and raised price targets. Several firms issued bullish reports on Rubrik during the period. Wolfe Research initiated coverage with an "Outperform" rating and a $70 price target on May 1, 2026. Jefferies followed on April 27, 2026, initiating with a "Strong Buy" rating and a $65 price target. BMO Capital also raised its price target for Rubrik from $58 to $64 on April 23, 2026, while maintaining an "Outperform" rating. The overall analyst consensus for Rubrik is a "Strong Buy" with an average price target ranging from $89.85 to $90.64.

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Stock Movement Drivers

Fundamental Drivers

The 11.4% change in RBRK stock from 1/31/2026 to 5/8/2026 was primarily driven by a 10.0% change in the company's Total Revenues ($ Mil).

(LTM values as of)	1312026	5082026	Change
Stock Price ($)	55.95	62.34	11.4%
Change Contribution By:
Total Revenues ($ Mil)	1,197	1,316	10.0%
P/S Multiple	9.3	9.5	2.6%
Shares Outstanding (Mil)	198	201	-1.2%
Cumulative Contribution			11.4%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 5/8/2026

	Return	Correlation
RBRK	11.4%
Market (SPY)	3.6%	38.2%
Sector (XLK)	22.1%	43.2%

Fundamental Drivers

The -17.2% change in RBRK stock from 10/31/2025 to 5/8/2026 was primarily driven by a -29.8% change in the company's P/S Multiple.

(LTM values as of)	10312025	5082026	Change
Stock Price ($)	75.27	62.34	-17.2%
Change Contribution By:
Total Revenues ($ Mil)	1,083	1,316	21.6%
P/S Multiple	13.5	9.5	-29.8%
Shares Outstanding (Mil)	195	201	-3.0%
Cumulative Contribution			-17.2%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 5/8/2026

	Return	Correlation
RBRK	-17.2%
Market (SPY)	5.5%	36.8%
Sector (XLK)	17.1%	45.6%

Fundamental Drivers

The -11.6% change in RBRK stock from 4/30/2025 to 5/8/2026 was primarily driven by a -36.5% change in the company's P/S Multiple.

(LTM values as of)	4302025	5082026	Change
Stock Price ($)	70.53	62.34	-11.6%
Change Contribution By:
Total Revenues ($ Mil)	887	1,316	48.5%
P/S Multiple	15.0	9.5	-36.5%
Shares Outstanding (Mil)	188	201	-6.3%
Cumulative Contribution			-11.6%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2025 to 5/8/2026

	Return	Correlation
RBRK	-11.6%
Market (SPY)	30.4%	33.3%
Sector (XLK)	68.1%	41.0%

Fundamental Drivers

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Market Drivers

4/30/2023 to 5/8/2026

	Return	Correlation
RBRK
Market (SPY)	78.7%	46.4%
Sector (XLK)	137.6%	47.9%

Return vs. Risk

Price Returns Compared

	2021	2022	2023	2024	2025	2026	Total [1]
Returns
RBRK Return	-	-	-	77%	17%	-20%	66%
Peers Return	36%	-15%	46%	58%	7%	10%	214%
S&P 500 Return	27%	-19%	24%	23%	16%	7%	95%
Monthly Win Rates [3]
RBRK Win Rate	-	-	-	56%	42%	40%
Peers Win Rate	68%	40%	55%	67%	55%	62%
S&P 500 Win Rate	75%	42%	67%	75%	67%	60%
Max Drawdowns [4]
RBRK Max Drawdown	-	-	-	-23%	-21%	-43%
Peers Max Drawdown	-8%	-28%	-10%	-4%	-27%	-20%
S&P 500 Max Drawdown	-1%	-25%	-1%	-2%	-15%	-7%

[1] Cumulative total returns since the beginning of 2021
[2] Peers: CVLT, DELL, NTAP, PSTG, IBM.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/8/2026 (YTD)

Event	RBRK	S&P 500
2025 US Tariff Shock
% Loss	-30.2%	-18.8%
% Gain to Breakeven	43.3%	23.1%
Time to Breakeven	31 days	79 days

Compare to CVLT, DELL, NTAP, PSTG, IBM

In The Past

Rubrik's stock fell -30.2% during the 2025 US Tariff Shock. Such a loss loss requires a 43.3% gain to breakeven.

Preserve Wealth

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Asset Allocation

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Event	RBRK	S&P 500
2025 US Tariff Shock
% Loss	-30.2%	-18.8%
% Gain to Breakeven	43.3%	23.1%
Time to Breakeven	31 days	79 days

Compare to CVLT, DELL, NTAP, PSTG, IBM

In The Past

Rubrik's stock fell -30.2% during the 2025 US Tariff Shock. Such a loss loss requires a 43.3% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Rubrik (RBRK)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

We are on a mission to secure the world’s data. Cyberattacks are inevitable. Realizing that cyberattacks ultimately target data, we created Zero Trust Data Security to deliver cyber resilience so that organizations can secure their data across the cloud and recover from cyberattacks. We believe that the future of cybersecurity is data security—if your data is secure, your business is resilient. We built Rubrik Security Cloud, or RSC, with Zero Trust design principles to secure data across enterprise, cloud, and software-as-a-service, or SaaS, applications. RSC delivers a cloud native SaaS platform that detects, analyzes, and remediates data security risks and unauthorized user activities. Our platform is architected to help organizations achieve cyber resilience, which encompasses cyber posture and cyber recovery. We enable organizations to confidently accelerate digital transformation and leverage the cloud to realize business agility. Traditional cybersecurity approaches have failed to not only prevent but also provide recovery from increasingly rampant and sophisticated cyberattacks. At the same time, legacy backup and recovery solutions have significant shortfalls in addressing cyber recovery and data security as they were primarily built for operational and natural disaster recoveries. They were not designed to enable reliable recovery from cyberattacks, nor were they designed to natively deliver cyber threat analytics and event response. Architecture matters when it comes to securing data. We built a unique SaaS architecture that combines data and metadata from business applications across enterprise, cloud, and SaaS applications to create self-describing data as a time-series. Self-describing data contains information such as application context, user identity, data sensitivity, and application lineage. This allows us to apply artificial intelligence and machine learning directly to business data to understand emergent data security threats and deliver cyber recovery. Our Zero Trust Data Security platform assumes that information technology infrastructure will be breached, and nothing can be trusted without authentication. Our data threat engine powered by artificial intelligence and machine learning analyzes the self-describing data time-series to derive security intelligence from data and provide remediation recommendations. Automation is at the core of our architecture ethos. Our automated policy-driven platform delivers data security enforcement, incident response orchestration, and API integrations with the broader security ecosystem. We use the following guiding principles to design our RSC platform and products: • Data resilience. Data is always available, notwithstanding cyberattacks, malicious insiders, and operational disruptions. • Data observability. Data is continuously monitored to strengthen data security posture and minimize attack surface. Emergent security risks are identified, contained, and resolved. • Data remediation. Points of infection are identified, threats are remediated, and impacted data assets are rapidly recovered without malware reinfection. Our business is indexed to business data growth. Our customers’ need for our solutions grows in lockstep with their business data growth and their need for additional data security capabilities. We primarily sell subscriptions to RSC through our sales team and partner network by employing a land and expand sales strategy. We land new customers by selling subscriptions to RSC to secure any one of four distinct types of data: private cloud (which we refer to as enterprise), enterprise NAS(1) (which we refer to as unstructured data), cloud, and SaaS applications. Expansion happens along three vectors: the growth of data from applications already secured by Rubrik; new applications secured; and additional data security products. This expansion is driven by a natural flywheel effect in which the value of our platform increases as our customers’ data grows across various applications. As organizations manage more data with RSC, they gain deeper insights into their data, strengthen their overall security posture, and reduce compliance risk. Our average subscription dollar-based net retention rate was 133% as of January 31, 2024. Our platform’s broad applicability allows us to serve organizations of all sizes across a wide range of industries and geographies. As of January 31, 2024, we had more than 6,100 customers, increasing from over 5,000 customers as of January 31, 2023. Organizations around the world rely on Rubrik to achieve business resilience in the face of cyberattacks, malicious insiders, and operational disruptions. As a result, we have experienced rapid growth, with our subscription annual recurring revenue, or Subscription ARR, increasing from $532.9 million as of January 31, 2023, to $784.0 million as of January 31, 2024, representing a 47% increase, and our total revenue increasing from $599.8 million in the fiscal year ended January 31, 2023, or fiscal 2023, to $627.9 million in the fiscal year ended January 31, 2024, or fiscal 2024. We measure our business on the basis of Subscription ARR. Subscription ARR illustrates our success in acquiring new subscription customers and maintaining and expanding our relationships with existing subscription customers. As of January 31, 2024, we had 1,742 customers generating more than $100,000 in Subscription ARR and 99 customers generating more than $1,000,000 in Subscription ARR. We have continued to invest in growing our business and advancing our solutions to capitalize on our market opportunity. (1) Network-Attached Storage. We were initially incorporated under the laws of the State of Delaware in December 2013 under the name ScaleData, Inc. We changed our name to Rubrik, Inc. in October 2014. Our principal executive offices are located at 3495 Deer Creek Road, Palo Alto, California 94304.

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1. Think of it as **Veeam** or **Commvault** (traditional data backup) rebuilt for the cyber-threat era, offering AI-powered data security and guaranteed recovery from ransomware.

2. It's like the **Salesforce** (cloud-native SaaS leader) for enterprise data security and cyber recovery, managing your most critical data's resilience.

3. It's akin to **CrowdStrike** for your data itself, providing advanced cybersecurity and unparalleled recovery capabilities directly at the data level, not just the perimeter or endpoint.

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Rubrik Security Cloud (RSC): A cloud-native SaaS platform that provides Zero Trust Data Security to help organizations achieve cyber resilience by protecting and recovering data across enterprise, cloud, and SaaS applications from cyberattacks and other disruptions.

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Rubrik (RBRK) sells primarily to other companies and organizations, not individuals. The provided company description indicates that Rubrik's customers are "organizations of all sizes across a wide range of industries and geographies" that leverage Rubrik Security Cloud (RSC) to secure their data across enterprise, cloud, and SaaS applications and achieve cyber resilience.

However, the provided text does not name specific customer companies or their symbols.

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Bipul Sinha, CEO, Chairman and Co-Founder

Bipul Sinha is an entrepreneur, engineer, and venture capitalist, currently serving as the CEO, Chairman, and Co-founder of Rubrik, Inc. and a Venture Partner at Lightspeed Venture Partners. He was previously a Partner at Lightspeed, where he focused on software, mobile, and Internet investments, including Nutanix (where he was a founding investor and board member), Pulse News, Bromium, and PernixData. Before Lightspeed, he was a founding investor and board member for Nutanix and Hootsuite at Blumberg Capital. Sinha also held engineering positions at Oracle Corporation, American Megatrends, and IBM, and holds several patents in distributed computing. He led Rubrik to a successful IPO on the NYSE in April 2024.

Kiran Choudary, Chief Financial Officer

Kiran Choudary leads Rubrik's finance, IT, product operations, and workplace teams. Prior to joining Rubrik, he served as VP of Finance & Strategy at Atlassian and contributed to its successful IPO in 2015. Before Atlassian, Choudary was a VP at Goldman Sachs, where he advised technology industry clients on capital raising and mergers and acquisitions. His early career included leading software development teams at Oracle.

Arvind Nithrakashyap, Co-Founder and CTO

Arvind Nithrakashyap possesses extensive experience in building storage, databases, and distributed systems. He previously led the real-time ad infrastructure team at Rocketfuel and started his career at Oracle, where he co-founded the Exadata storage platform.

Peter McGoff, Chief Legal Officer

Peter McGoff brings over 20 years of legal experience, having served as the top attorney at various public and private enterprise-focused technology companies. Before Rubrik, he was Chief Legal Officer and Corporate Secretary at Box, contributing to the company's successful IPO in 2015. He also held the position of Senior Vice President and General Counsel at Informatica Corporation, then a public enterprise software company.

Mike Tornincasa, Chief Business Officer

Mike Tornincasa has 20 years of experience in business development and technology sales. As an early employee and Rubrik's first VP of Sales, he played a crucial role in leading the company's go-to-market innovation and its evolution in data security. Prior to Rubrik, Tornincasa held sales roles at companies such as EMC and Medallia, Inc.

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Key Risks for Rubrik (RBRK)

Evolving Cyber Threat Landscape: Rubrik's core mission is to secure the world's data against cyberattacks. A significant risk is the continuous evolution and increasing sophistication of cyberattacks, which could potentially render Rubrik's "Zero Trust Data Security" platform and solutions less effective or obsolete if the company fails to adapt quickly and develop countermeasures for new threats and attack vectors.
Intense Competition and Rapid Technological Change: The cybersecurity market in which Rubrik operates is characterized by intense competition and rapid technological advancements. Rubrik faces the risk that new entrants with disruptive technologies or existing competitors developing more advanced, efficient, or cost-effective data security and recovery solutions could erode its market share, impact its pricing power, and hinder its ability to acquire and retain customers.
Dependence on Business Data Growth and "Land and Expand" Strategy: Rubrik explicitly states that its "business is indexed to business data growth." A key risk is a potential deceleration in the overall growth of business data globally, or if customers do not expand their usage of Rubrik's platform across new applications or with additional data security products at anticipated rates. This could negatively impact Rubrik's subscription annual recurring revenue and overall financial performance, as its growth strategy relies heavily on this "land and expand" flywheel effect.

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Rubrik's total addressable market (TAM) is projected to be approximately $36.3 billion by the end of 2024, growing to around $52.9 billion by the end of 2027, at a compound annual growth rate (CAGR) of 13%. This market size is global and is categorized into two main segments, according to Gartner.

The first segment, Data Management, which includes Backup and Recovery Software and Archive Software, is estimated at approximately $12.9 billion by the end of 2024, and is expected to reach $15.4 billion by the end of 2027.

The second segment, Security, encompasses Application Security, Cloud Security, Cloud Security Posture Management, Data Privacy, Data Security, and Privileged Access Management Software. This market is projected to be approximately $23.4 billion by the end of 2024 and grow to about $37.5 billion by the end of 2027.

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Expected Drivers of Future Revenue Growth for Rubrik (RBRK)

Rubrik (RBRK) is anticipated to drive future revenue growth over the next 2-3 years through several key strategies and market trends:

Expansion within Existing Customers: A primary driver is Rubrik's "land and expand" sales strategy, which focuses on increasing revenue from its current customer base. This expansion occurs through two main vectors: the growth of data from applications already secured by Rubrik and the securing of additional applications and workloads on the Rubrik platform within existing customer environments. Rubrik's average subscription dollar-based net retention rate consistently exceeding 120% highlights the success of this strategy.
Cross-selling and Adoption of Additional Data Security Products: Beyond its core data protection offerings, Rubrik is driving revenue growth by cross-selling and increasing the adoption of its broader suite of data security products. This includes moving customers from basic backup protection to more comprehensive security, compliance, and governance modules. The adoption of additional security products contributed over 45% to subscription net retention in a recent quarter, up from 34% in the prior-year period.
Growth in Identity Protection Solutions: Rubrik's identity protection business, which provides recovery capabilities across platforms like Okta, Active Directory, and Entra ID, is a rapidly expanding area. This segment has shown significant customer growth, with the company crossing 900 customers "just on identity" in a recent quarter, doubling from 400 customers three quarters prior, making it the fastest-growing product in Rubrik's history.
Strategic Expansion into AI Resilience with Rubrik Agent Cloud: Rubrik is strategically extending its data and identity protection capabilities into the emerging AI agent ecosystem with the introduction of its Rubrik Agent Cloud platform. This initiative aims to govern autonomous AI agents and "rewind" their actions, effectively expanding Rubrik's addressable market beyond traditional data security to include active AI operations and governance.

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Share Repurchases

There is no reported dollar amount of share repurchases made by Rubrik over the last 3-5 years.

Share Issuance

Rubrik completed its initial public offering (IPO) on April 25, 2024, listing on the New York Stock Exchange under the symbol "RBRK".
During its IPO, Rubrik sold 23,500,000 shares of its Class A common stock at $32.00 per share, generating approximately $752 million. The company also granted underwriters an option to purchase up to an additional 3,525,000 shares.
In June 2025, Rubrik issued $1.15 billion aggregate principal amount of 0.00% senior convertible notes due 2030.

Inbound Investments

Microsoft has held a stake in Rubrik since 2021.

Outbound Investments

Rubrik has made five acquisitions between 2020 and 2025.
The company acquired Predibase, an AI application development platform, in June 2025.
In August 2023, Rubrik acquired Laminar, a data security posture management platform, for $104.9 million, including $90.8 million in cash.

Capital Expenditures

Rubrik's capital expenditures were -$15.88 million in fiscal year 2021, -$20.45 million in fiscal year 2022, -$34.30 million in fiscal year 2023, -$12.33 million in fiscal year 2024, and -$16.89 million in fiscal year 2025.
The company is projected to have capital expenditures of $24.72 million in 2025 and $30.04 million in 2026.
Rubrik intends to continue investing in research and development to foster innovation across data, security, and AI markets.

Interactive Breakdown

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Better Bets vs. Rubrik (RBRK)

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Latest Trefis Analyses

	Title	Date
0	DASHBOARDS
1	Rubrik Earnings Notes	12/26/2025
2	Rubrik (RBRK +22%): Q3 Profitability Inflection Drives AI-Security Re-Rate	12/08/2025
3	With Rubrik Stock Surging, Have You Considered The Downside?	10/17/2025
4	How Does Rubrik Stock Stack Up Against Its Peers?	08/13/2025
5	Rubrik (RBRK) Valuation Ratios Comparison	05/15/2025
6	Rubrik (RBRK) Operating Cash Flow Comparison	02/17/2025
7	Rubrik (RBRK) Net Income Comparison	02/16/2025
8	Rubrik (RBRK) Operating Income Comparison	02/15/2025
9	ARTICLES
10	RBRK Stock Analysis: Strong Growth Meets Rich Valuation	12/05/2025
11	Buy Or Fear Rubrik Stock?	09/16/2025
12	Will Rubrik Stock Trend Higher Post Earnings?	06/03/2025

	Title
0	DASHBOARDS
1	Rubrik Earnings Notes
2	Rubrik (RBRK +22%): Q3 Profitability Inflection Drives AI-Security Re-Rate
3	With Rubrik Stock Surging, Have You Considered The Downside?
4	How Does Rubrik Stock Stack Up Against Its Peers?
5	Rubrik (RBRK) Valuation Ratios Comparison
6	Rubrik (RBRK) Operating Cash Flow Comparison
7	Rubrik (RBRK) Net Income Comparison
8	Rubrik (RBRK) Operating Income Comparison
9	ARTICLES
10	RBRK Stock Analysis: Strong Growth Meets Rich Valuation
11	Buy Or Fear Rubrik Stock?
12	Will Rubrik Stock Trend Higher Post Earnings?

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ADSK_4102026_Dip_Buyer_FCFYield	04102026	ADSK	Autodesk	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	8.5%	8.5%	0.0%
BSY_4102026_Dip_Buyer_FCFYield	04102026	BSY	Bentley Systems	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	4.2%	4.2%	0.0%
ENPH_4102026_Dip_Buyer_ValueBuy	04102026	ENPH	Enphase Energy	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	5.7%	5.7%	0.0%
BL_4102026_Dip_Buyer_High_CFO_Margins_ExInd_DE	04102026	BL	BlackLine	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	3.2%	3.2%	-3.0%

Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
INOD	Innodata	2.7	86.0%	66.6%
WEST	Westrock Coffee	0.8	39.8%	102.7%
RKLB	Rocket Lab	60.4	34.2%	51.2%
AMN	AMN Healthcare Services	1.1	29.0%	83.8%
FLNC	Fluence Energy	3.2	27.4%	22.1%
AKAM	Akamai Technologies	21.3	26.6%	69.3%
EOSE	Eos Energy Enterprises	2.5	25.9%	-30.1%
PGNY	Progyny	2.0	23.8%	-7.6%
FROG	JFrog	8.4	23.7%	13.0%
MRVI	Maravai LifeSciences	0.7	23.1%	49.2%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
FWRD	Forward Air	0.3	-43.0%	-60.5%
AORT	Artivion	1.2	-28.3%	-44.3%
FIGS	FIGS	1.9	-24.3%	2.4%
NET	Cloudflare	68.9	-23.6%	-0.5%
DXC	DXC Technology	1.6	-21.5%	-35.6%
AMPH	Amphastar Pharmaceuticals	0.9	-20.9%	-29.1%
KDK	Kodiak AI	1.3	-20.4%	-33.7%
HRTG	Heritage Insurance	0.7	-20.0%	-23.4%
KODK	Eastman Kodak	1.1	-19.4%	34.9%
HUBS	HubSpot	10.4	-19.0%	-50.8%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
FLNC	Fluence Energy	3.2	98.2%	22.1%
INOD	Innodata	2.7	92.8%	66.6%
DOCN	DigitalOcean	15.0	59.5%	240.7%
GBTG	Global Business Travel	4.9	59.4%	23.5%
STRL	Sterling Infrastructure	25.9	58.6%	175.9%
FLEX	Flex	52.5	55.0%	135.3%
POET	POET Technologies	1.4	49.8%	73.0%
AAON	AAON	11.4	49.2%	83.4%
SITM	SiTime	21.8	49.1%	135.9%
XMTR	Xometry	4.1	49.1%	34.5%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
EMBC	Embecta	0.2	-60.6%	-68.9%
FWRD	Forward Air	0.3	-53.7%	-60.5%
TRDA	Entrada Therapeutics	0.3	-52.8%	-33.5%
PRIM	Primoris Services	5.7	-41.9%	-15.5%
ULH	Universal Logistics	0.3	-41.8%	-13.6%
BRBR	BellRing Brands	1.2	-40.1%	-61.4%
WGS	GeneDx	1.2	-37.6%	-68.7%
VITL	Vital Farms	0.4	-37.0%	-72.0%
BETR	Better Home & Finance	0.5	-32.2%	-7.7%
TMDX	TransMedics	2.3	-32.2%	-44.2%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
MXL	MaxLinear	8.7	403.2%	472.7%
BAND	Bandwidth	1.5	184.9%	222.9%
INOD	Innodata	2.7	135.2%	66.6%
FCEL	FuelCell Energy	0.7	109.2%	87.4%
SITM	SiTime	21.8	104.8%	135.9%
INTC	Intel	635.0	102.4%	238.5%
KOPN	Kopin	1.0	101.9%	131.2%
ABSI	Absci	0.9	100.0%	69.1%
XMTR	Xometry	4.1	97.0%	34.5%
LWLG	Lightwave Logic	2.2	94.7%	407.1%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
EMBC	Embecta	0.2	-59.0%	-68.9%
TRDA	Entrada Therapeutics	0.3	-51.3%	-33.5%
CAR	Avis Budget	5.1	-50.9%	13.6%
FWRD	Forward Air	0.3	-47.7%	-60.5%
ERAS	Erasca	2.9	-41.7%	172.0%
ULH	Universal Logistics	0.3	-41.7%	-13.6%
TMDX	TransMedics	2.3	-37.9%	-44.2%
VISN	Vistance Networks	2.6	-37.4%	-36.4%
PLNT	Planet Fitness	3.8	-36.6%	-57.7%
INSM	Insmed	21.7	-36.5%	-41.8%

Peer Comparisons

Peers to compare with:

Financials

	RBRK	CVLT	DELL	NTAP	PSTG	IBM	Median
Name	Rubrik	CommVaul.	Dell Tec.	NetApp	Everpure	Internat.
Mkt Price	62.34	105.09	260.46	118.00	-	229.76	118.00
Mkt Cap	12.5	4.6	171.9	23.4	22.4	215.6	22.9
Rev LTM	1,316	1,147	113,538	6,709	3,663	68,912	5,186
Op Inc LTM	-345	97	8,251	1,558	115	12,946	836
FCF LTM	238	181	8,552	1,609	616	12,258	1,112
FCF 3Y Avg	78	192	5,447	1,344	542	12,269	943
CFO LTM	283	189	11,185	1,792	880	13,992	1,336
CFO 3Y Avg	109	197	8,127	1,514	770	13,988	1,142

Growth & Margins

	RBRK	CVLT	DELL	NTAP	PSTG	IBM	Median
Name	Rubrik	CommVaul.	Dell Tec.	NetApp	Everpure	Internat.
Rev Chg LTM	48.5%	21.5%	18.8%	3.1%	15.6%	9.7%	17.2%
Rev Chg 3Y Avg	-	13.6%	4.4%	1.3%	10.1%	4.5%	4.5%
Rev Chg Q	46.3%	19.5%	39.5%	4.4%	20.4%	9.5%	19.9%
QoQ Delta Rev Chg LTM	10.0%	4.7%	9.1%	1.1%	5.1%	2.0%	4.9%
Op Inc Chg LTM	69.5%	15.5%	29.2%	11.4%	13.5%	26.0%	20.8%
Op Inc Chg 3Y Avg	-	27.8%	13.2%	11.1%	11.3%	15.6%	13.2%
Op Mgn LTM	-26.2%	8.5%	7.3%	23.2%	3.1%	18.8%	7.9%
Op Mgn 3Y Avg	-67.7%	8.9%	6.9%	21.5%	3.1%	16.8%	7.9%
QoQ Delta Op Mgn LTM	5.4%	0.7%	0.2%	0.6%	1.1%	0.3%	0.6%
CFO/Rev LTM	21.5%	16.5%	9.9%	26.7%	24.0%	20.3%	20.9%
CFO/Rev 3Y Avg	8.7%	20.7%	8.1%	23.3%	23.9%	21.7%	21.2%
FCF/Rev LTM	18.1%	15.8%	7.5%	24.0%	16.8%	17.8%	17.3%
FCF/Rev 3Y Avg	5.5%	20.2%	5.4%	20.7%	16.8%	19.0%	17.9%

Valuation

	RBRK	CVLT	DELL	NTAP	PSTG	IBM	Median
Name	Rubrik	CommVaul.	Dell Tec.	NetApp	Everpure	Internat.
Mkt Cap	12.5	4.6	171.9	23.4	22.4	215.6	22.9
P/S	9.5	4.0	1.5	3.5	6.1	3.1	3.8
P/Op Inc	-36.3	47.6	20.8	15.0	195.1	16.7	18.7
P/EBIT	-40.5	46.3	19.5	14.7	98.4	17.2	18.4
P/E	-35.9	53.3	29.0	19.3	119.1	20.1	24.5
P/CFO	44.3	24.5	15.4	13.0	25.5	15.4	19.9
Total Yield	-2.8%	1.9%	4.3%	7.0%	0.8%	7.9%	3.1%
Dividend Yield	0.0%	0.0%	0.8%	1.8%	0.0%	2.9%	0.4%
FCF Yield 3Y Avg	-	3.9%	7.8%	6.4%	3.2%	5.9%	5.9%
D/E	0.1	0.2	0.2	0.1	0.0	0.3	0.2
Net D/E	-0.0	-0.0	0.1	-0.0	-0.1	0.3	-0.0

Returns

	RBRK	CVLT	DELL	NTAP	PSTG	IBM	Median
Name	Rubrik	CommVaul.	Dell Tec.	NetApp	Everpure	Internat.
1M Rtn	20.7%	32.9%	40.4%	18.6%	8.9%	-4.3%	19.7%
3M Rtn	22.1%	22.1%	115.2%	14.8%	-4.5%	-22.1%	18.4%
6M Rtn	-14.6%	-17.5%	78.3%	5.5%	-24.7%	-23.6%	-16.1%
12M Rtn	-18.6%	-39.9%	174.0%	27.4%	38.4%	-6.7%	10.4%
3Y Rtn	68.5%	69.7%	495.7%	96.9%	193.4%	108.9%	102.9%
1M Excs Rtn	26.6%	22.0%	35.1%	14.9%	4.2%	-10.8%	18.4%
3M Excs Rtn	15.3%	15.4%	108.4%	8.0%	-11.2%	-28.9%	11.7%
6M Excs Rtn	-22.7%	-27.2%	62.8%	-5.8%	-39.0%	-32.6%	-24.9%
12M Excs Rtn	-49.2%	-71.2%	143.8%	-2.1%	10.9%	-37.8%	-19.9%
3Y Excs Rtn	-12.4%	-9.3%	425.6%	20.2%	123.8%	27.0%	23.6%

Comparison Analyses

	Title
0	How Does Rubrik Stock Stack Up Against Its Peers?

FDIC Bank Data

Bank Capital

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Bank Deposits

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Bank Assets

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Bank Loans

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FDA Approved Drugs Data

Expand for Morenull

Financials

Annual
Quarterly

$ Mil \| FY: 1/31	LTM	2026	2025	2024	2023	2022	2021
Period End	1/31/2026	1/31/2026	1/31/2025	1/31/2024	1/31/2023	1/31/2022	1/31/2021
Filing Date	3/19/2026	3/19/2026	3/20/2025	4/26/2024	2/5/2024	3/3/2023	3/3/2023
Key Financials
Total Revenue	1,316	1,316	887	628	600	506	388
EBITDA	-272	-272	-1,078	-273	-235	-228	-190
Operating Income	-345	-345	-1,134	-307	-262	-250	-209
Net Income	-349	-349	-1,155	-354	-278	-254	-213
EPS	-1.77	-1.78	-7.48	-2.01	-1.58	-1.45	-1.21
Growth Rates
Total Revenue Growth	48.5%	48.5%	41.2%	4.7%	18.5%	30.5%	-
EBITDA Growth	74.8%	74.8%	-295.2%	-16.1%	-3.0%	-20.2%	-
Operating Income Growth	69.5%	69.5%	-270.0%	-17.2%	-4.7%	-19.5%	-
Net Income Growth	69.8%	69.8%	-226.1%	-27.5%	-9.2%	-19.4%	-
Margins
EBITDA Margin	-20.7%	-20.7%	-121.6%	-43.5%	-39.2%	-45.1%	-49.0%
Operating Income Margin	-26.2%	-26.2%	-127.9%	-48.8%	-43.6%	-49.4%	-53.9%
Net Income Margin	-26.5%	-26.5%	-130.3%	-56.4%	-46.3%	-50.3%	-55.0%
Cash & Debt
Total Cash	1,676	1,676	705	279	296	139	217
Total Debt	1,143	1,143	332	298	189	6	6
Net Debt / (Cash)	-532	-532	-373	18	-107	-132	-211
Cash Flows
Net Cash from Operations	283	283	48	-5	19	-83	-59
Free Cash from Operations	238	238	22	-25	-15	-103	-75
Returns to Shareholders
Dividends	0	-0	-0	-0	-0	-0	-0
Share Repurchases	-0	-0	-0	-0	0	1	1

$ Mil \| FY: 1/31	2026Q4	2026Q3	2026Q2	2026Q1	2025Q4	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1
Period End	1/31/2026	10/31/2025	7/31/2025	4/30/2025	1/31/2025	10/31/2024	7/31/2024	4/30/2024	1/31/2024	10/31/2023	7/31/2023	4/30/2023
Filing Date	3/19/2026	12/8/2025	9/10/2025	6/9/2025	3/20/2025	12/12/2024	9/12/2024	6/13/2024	4/26/2024	12/12/2024	2/5/2024	6/13/2024
Key Financials Quarterly
Total Revenue	378	350	310	278	258	236	205	187	175	166	152	136
Ebitda	-59	-50	-80	-83	-96	-111	-156	-715	-74	-56	-66	-77
Operating Income	-82	-75	-94	-93	-116	-125	-168	-725	-83	-65	-74	-85
Net Income	-87	-64	-96	-102	-115	-131	-177	-732	-97	-86	-81	-89
EPS	-0.43	-0.32	-0.49	-0.53	-0.61	-0.71	-0.98	-11.48	-0.55	-0.49	-0.46	-0.51
Key Financials TTM
Total Revenue TTM	1,316	1,197	1,083	978	887	803	733	679	628	-	-	-
Ebitda TTM	-272	-310	-371	-446	-1,078	-1,056	-1,001	-911	-273	-	-	-
Operating Income TTM	-345	-379	-428	-502	-1,134	-1,101	-1,042	-947	-307	-	-	-
Net Income TTM	-349	-377	-444	-525	-1,155	-1,137	-1,093	-997	-354	-	-	-
Growth Rates Quarterly
Total Revenue Growth	46.3%	48.3%	51.2%	48.7%	47.5%	42.6%	35.2%	38.0%	-	-	-	-
EBITDA Growth	38.9%	55.1%	48.3%	88.4%	-30.1%	-98.6%	-135.9%	-829.5%	-	-	-	-
Operating Income Growth	29.1%	39.5%	43.9%	87.2%	-39.7%	-91.2%	-128.9%	-756.8%	-	-	-	-
Net Income Growth	24.3%	51.2%	45.8%	86.1%	-17.8%	-51.7%	-118.1%	-720.1%	-	-	-	-
Margins Quarterly
EBITDA Margin	-15.6%	-14.3%	-26.0%	-29.8%	-37.3%	-47.1%	-75.9%	-381.9%	-42.3%	-33.8%	-43.5%	-56.7%
Operating Income Margin	-21.8%	-21.6%	-30.5%	-33.4%	-45.0%	-52.8%	-82.1%	-387.0%	-47.5%	-39.4%	-48.5%	-62.3%
Net Income Margin	-23.0%	-18.2%	-31.0%	-36.7%	-44.5%	-55.4%	-86.3%	-390.8%	-55.7%	-52.1%	-53.5%	-65.8%
Cash & Debt
Total Cash	1,676	1,603	1,523	762	705	632	601	606	279	-	262	-
Total Debt	1,143	1,141	1,141	335	332	326	317	308	298	0	195	0
Net Debt / (Cash)	-532	-462	-382	-427	-373	-306	-284	-299	18	-	-67	-
Cash Flows Quarterly
FCF from Operations	93	85	65	40	84	23	-27	-31	13	7	-7	-17
Cash Flows TTM
FCF from Operations TTM	283	273	211	119	48	-23	-39	-18	-5	-	-	-
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	-15.4%	-14.3%	-18.1%	-19.0%	-24.3%	-26.3%	-37.2%	-180.8%	-118.1%	-	-164.8%	-
Return on Invested Capital (ROIC) TTM
ROIC TTM	-16.2%	-17.9%	-20.5%	-25.7%	-59.3%	-58.1%	-57.6%	-59.1%	-108.9%	-	-	-

Segment Financials

Revenue by Segment

$ Mil	2026	2025	2024	2023
Software and services	628
Maintenance		76	91	90
Other		138	155	135
Subscription		385	261	163
Total	628	600	506	388

Net Income by Segment

$ Mil	2026	2025	2024	2023
Software and services	-354
Total	-354

Price Behavior

Price Behavior

Market Price	$62.34
Market Cap ($ Bil)	12.5
First Trading Date	04/25/2024
Distance from 52W High	-37.5%
	50 Days	200 Days
DMA Price	$52.52	$69.76
DMA Trend	down	down
Distance from DMA	18.7%	-10.6%
	3M	1YR
Volatility	64.4%	60.8%
Downside Capture	0.60	1.12
Upside Capture	186.10	131.30
Correlation (SPY)	32.8%	32.4%

RBRK Betas & Captures as of 4/30/2026

	1M	2M	3M	6M	1Y	3Y
Beta	1.40	1.21	1.68	1.82	1.60	0.07
Up Beta	0.48	0.42	0.80	0.61	1.21	-0.12
Down Beta	-4.23	0.01	0.62	1.45	1.62	-0.04
Up Capture	199%	176%	197%	225%	146%	159%
Bmk +ve Days	15	22	31	66	141	428
Stock +ve Days	13	23	31	57	127	261
Down Capture	733%	188%	238%	212%	166%	106%
Bmk -ve Days	4	18	30	56	108	321
Stock -ve Days	9	19	32	67	123	240

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Based On 1-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with RBRK
RBRK	-21.8%	60.6%	-0.17	-
Sector ETF (XLK)	63.9%	20.8%	2.27	41.5%
Equity (SPY)	29.0%	12.5%	1.83	34.0%
Gold (GLD)	39.8%	27.0%	1.22	1.3%
Commodities (DBC)	50.6%	18.0%	2.21	4.7%
Real Estate (VNQ)	13.0%	13.5%	0.66	3.0%
Bitcoin (BTCUSD)	-17.9%	42.1%	-0.35	20.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with RBRK
RBRK	9.9%	64.1%	0.61	-
Sector ETF (XLK)	21.2%	24.8%	0.76	48.2%
Equity (SPY)	12.8%	17.1%	0.59	46.7%
Gold (GLD)	20.9%	17.9%	0.95	8.1%
Commodities (DBC)	13.8%	19.1%	0.59	14.0%
Real Estate (VNQ)	3.4%	18.8%	0.08	19.1%
Bitcoin (BTCUSD)	6.9%	56.0%	0.34	22.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 10-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with RBRK
RBRK	4.8%	64.1%	0.61	-
Sector ETF (XLK)	25.0%	24.4%	0.92	48.2%
Equity (SPY)	15.1%	17.9%	0.72	46.7%
Gold (GLD)	13.4%	15.9%	0.69	8.1%
Commodities (DBC)	9.3%	17.8%	0.44	14.0%
Real Estate (VNQ)	5.8%	20.7%	0.24	19.1%
Bitcoin (BTCUSD)	67.7%	66.9%	1.07	22.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date	4152026
Short Interest: Shares Quantity	13.1 Mil
Short Interest: % Change Since 3312026	-4.3%
Average Daily Volume	3.8 Mil
Days-to-Cover Short Interest	3.5 days
Basic Shares Quantity	200.9 Mil
Short % of Basic Shares	6.5%

Returns Analyses

	Title
0	With Rubrik Stock Surging, Have You Considered The Downside?

Earnings Returns History

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
3/12/2026	-1.1%	-5.7%	-10.0%
12/4/2025	22.5%	23.6%	9.1%
9/9/2025	-18.1%	-23.9%	-14.5%
6/5/2025	-0.7%	-10.0%	-7.1%
3/13/2025	27.8%	27.0%	6.7%
12/5/2024	20.4%	38.3%	19.9%
9/9/2024	-1.5%	-2.1%	8.0%
6/11/2024	-8.9%	-13.1%	-4.0%
SUMMARY STATS
# Positive	3	3	4
# Negative	5	5	4
Median Positive	22.5%	27.0%	8.6%
Median Negative	-1.5%	-10.0%	-8.5%
Max Positive	27.8%	38.3%	19.9%
Max Negative	-18.1%	-23.9%	-14.5%

	Forward Returns
3/12/2026	-1.1%	-5.7%	-10.0%
12/4/2025	22.5%	23.6%	9.1%
9/9/2025	-18.1%	-23.9%	-14.5%
6/5/2025	-0.7%	-10.0%	-7.1%
3/13/2025	27.8%	27.0%	6.7%
12/5/2024	20.4%	38.3%	19.9%
9/9/2024	-1.5%	-2.1%	8.0%
6/11/2024	-8.9%	-13.1%	-4.0%
SUMMARY STATS
# Positive	3	3	4
# Negative	5	5	4
Median Positive	22.5%	27.0%	8.6%
Median Negative	-1.5%	-10.0%	-8.5%
Max Positive	27.8%	38.3%	19.9%
Max Negative	-18.1%	-23.9%	-14.5%

SEC Filings

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Report Date	Filing Date	Filing
01/31/2026	03/19/2026	10-K
10/31/2025	12/08/2025	10-Q
07/31/2025	09/10/2025	10-Q
04/30/2025	06/09/2025	10-Q
01/31/2025	03/20/2025	10-K
10/31/2024	12/12/2024	10-Q
07/31/2024	09/12/2024	10-Q
04/30/2024	06/13/2024	10-Q
01/31/2024	04/26/2024	424B4
07/31/2023	02/05/2024	DRS/A
01/31/2022	03/03/2023	DRS/A

Recent Forward Guidance [BETA]

Latest: Q4 2025 Earnings Reported 3/12/2026

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Prior: Q3 2025 Earnings Reported 12/4/2025

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Insider Activity

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#	Owner	Title	Holding	Action	Filing Date	Price	Shares	Transacted Value	Value of Held Shares	Form
1	Thompson, John Wendell		John and Sandra Thompson Trust	Sell	5042026	55.51	2,500	138,780	971,460	Form
2	Thompson, John Wendell		Direct	Sell	5042026	55.48	11,000	610,298	258,156	Form
3	Choudary, Kiran Kumar	Chief Financial Officer	Direct	Sell	4082026	51.69	20,000	1,033,733	28,422,541	Form
4	McLaughlin, Mark D		Direct	Buy	4012026	47.21	10,638	502,220	643,897	Form
5	Choudary, Kiran Kumar	Chief Financial Officer	Direct	Sell	3262026	48.20	122,613	5,909,419	27,225,799	Form

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#	Owner	Title	Holding	Action	Filing Date	Price	Shares	Transacted Value	Value of Held Shares	Form
1	Thompson, John Wendell		John and Sandra Thompson Trust	Sell	5042026	55.51	2,500	138,780	971,460	Form
2	Thompson, John Wendell		Direct	Sell	5042026	55.48	11,000	610,298	258,156	Form
3	Choudary, Kiran Kumar	Chief Financial Officer	Direct	Sell	4082026	51.69	20,000	1,033,733	28,422,541	Form
4	McLaughlin, Mark D		Direct	Buy	4012026	47.21	10,638	502,220	643,897	Form
5	Choudary, Kiran Kumar	Chief Financial Officer	Direct	Sell	3262026	48.20	122,613	5,909,419	27,225,799	Form
6	Nithrakashyap, Arvind	Chief Technology Officer	Direct	Sell	3262026	48.20	28,967	1,396,085	16,804,298	Form
7	Thompson, John Wendell		John and Sandra Thompson Trust	Sell	3032026	53.55	2,500	133,878	1,204,902	Form
8	Thompson, John Wendell		Direct	Sell	3032026	53.62	11,000	589,766	249,471	Form
9	Choudary, Kiran Kumar	Chief Financial Officer	Direct	Sell	2192026	54.17	20,000	1,083,445	25,729,597	Form
10	Thompson, John Wendell		John and Sandra Thompson Trust	Sell	2032026	55.30	2,500	138,258	1,437,773	Form
11	Thompson, John Wendell		Direct	Sell	2032026	55.29	11,000	608,203	202,089	Form
12	Choudary, Kiran Kumar	Chief Financial Officer	Direct	Sell	1162026	67.66	20,000	1,353,226	33,151,269	Form
13	Nithrakashyap, Arvind	Chief Technology Officer	Direct	Sell	1162026	70.40	4,648	327,219	23,725,504	Form
14	Nithrakashyap, Arvind	Chief Technology Officer	Direct	Sell	1162026	70.05	1,045	73,202	23,933,143	Form
15	McCarthy, Brian K	Pres.,Global Sales & Field Ops	Direct	Sell	1132026	70.88	10,000	708,849	23,446,746	Form
16	Thompson, John Wendell		John and Sandra Thompson Trust	Sell	1062026	73.87	2,500	184,663	73,717	Form
17	Thompson, John Wendell		Direct	Sell	1062026	73.84	11,000	812,241	199,516	Form
18	Choudary, Kiran Kumar	Chief Financial Officer	Direct	Sell	12232025	79.25	3,500	277,389	40,138,902	Form
19	McCarthy, Brian K	Pres.,Global Sales & Field Ops	Direct	Sell	12182025	76.18	4,797	365,455	25,961,393	Form
20	Choudary, Kiran Kumar	Chief Financial Officer	Direct	Sell	12182025	76.18	6,779	516,452	38,698,411	Form
21	Nithrakashyap, Arvind	Chief Technology Officer	Direct	Sell	12182025	76.19	31,450	2,396,176	26,110,542	Form
22	Mhatre, Ravi		Lightspeed Venture Partners X, L.P.	Sell	12152025	81.82	101,659			Form
23	McCarthy, Brian K	Pres.,Global Sales & Field Ops	Direct	Sell	12102025	90.83	10,000	908,318	30,820,956	Form
24	Choudary, Kiran Kumar	Chief Financial Officer	Direct	Sell	12102025	91.46	3,500	320,110	46,420,614	Form
25	Thompson, John Wendell		John and Sandra Thompson Trust	Sell	12022025	68.75	9,009	619,345	68,610	Form
26	Choudary, Kiran Kumar	Chief Financial Officer	Direct	Sell	11202025	69.46	3,500	243,121	35,360,282	Form
27	McCarthy, Brian K	Pres.,Global Sales & Field Ops	Direct	Sell	11122025	75.90	10,000	758,954	26,511,714	Form
28	Choudary, Kiran Kumar	Chief Financial Officer	Direct	Sell	11062025	72.29	3,500	253,015	36,907,732	Form
29	Thompson, John Wendell		John and Sandra Thompson Trust	Sell	11042025	75.45	9,009	679,721	75,298	Form
30	Choudary, Kiran Kumar	Chief Financial Officer	Direct	Sell	10162025	79.78	3,500	279,236	40,852,307	Form
31	McCarthy, Brian K	Pres.,Global Sales & Field Ops	Direct	Sell	10142025	83.03	10,000	830,334	29,835,481	Form
32	Choudary, Kiran Kumar	Chief Financial Officer	Direct	Sell	10022025	82.68	3,500	289,370	42,458,900	Form
33	Thompson, John Wendell		John and Sandra Thompson Trust	Sell	10022025	82.76	9,009	745,607	82,597	Form
34	Choudary, Kiran Kumar	Chief Financial Officer	Direct	Sell	9182025	74.82	3,500	261,870	38,508,657	Form
35	McCarthy, Brian K	Chief Revenue Officer	Direct	Sell	9182025	74.21	4,670	346,561	30,250,371	Form
36	Nithrakashyap, Arvind	Chief Technology Officer	Direct	Sell	9182025	74.21	40,170	2,981,016	24,751,113	Form
37	Choudary, Kiran Kumar	Chief Financial Officer	Direct	Sell	9182025	74.21	6,599	489,712	38,306,015	Form
38	Sinha, Bipul	Chairman of the Board and CEO	Direct	Sell	9122025	75.63	615,807	46,573,483	15,629,091	Form
39	Choudary, Kiran Kumar	Chief Financial Officer	Direct	Sell	9042025	88.26	3,500	308,910	45,506,415	Form
40	Thompson, John Wendell		John and Sandra Thompson Trust	Sell	9042025	87.83	9,009	791,267	87,655	Form
41	McCarthy, Brian K	Chief Revenue Officer	Direct	Sell	9042025	87.84	12,500	1,098,008	35,667,884	Form
42	Choudary, Kiran Kumar	Chief Financial Officer	Direct	Sell	8212025	82.93	3,500	290,255	42,882,688	Form
43	Choudary, Kiran Kumar	Chief Financial Officer	Direct	Sell	8072025	88.37	3,500	309,295	45,828,240	Form
44	Thompson, John Wendell		John and Sandra Thompson Trust	Sell	8042025	87.29	9,009	786,369	87,112	Form
45	McCarthy, Brian K	Chief Revenue Officer	Direct	Sell	8042025	87.29	12,500	1,091,103	36,534,654	Form
46	Choudary, Kiran Kumar	Chief Financial Officer	Direct	Sell	7242025	83.90	3,500	293,650	43,635,970	Form
47	Choudary, Kiran Kumar	Chief Financial Officer	Direct	Sell	7112025	87.54	3,500	306,390	45,660,426	Form
48	Wassenaar, Yvonne		Direct	Sell	7082025	88.21	2,000	176,412	251,828	Form
49	Thompson, John Wendell		John and Sandra Thompson Trust	Sell	7072025	85.96	9,009	774,456	85,793	Form
50	McCarthy, Brian K	Chief Revenue Officer	Direct	Sell	7072025	85.97	25,000	2,149,294	37,058,299	Form
51	Mhatre, Ravi		Lightspeed Management Company, L.L.C.	Sell	7022025	89.47	16,984			Form
52	Lightspeed, Management Company, Llc		Direct	Sell	7022025	89.47	16,984			Form
53	Choudary, Kiran Kumar	Chief Financial Officer	Direct	Sell	6272025	91.00	3,500	318,500	47,601,645	Form
54	Salem, Enrique T		See footnotes	Sell	6262025	89.78	21,924			Form
55	Nithrakashyap, Arvind	Chief Technology Officer	Direct	Sell	6202025	88.56	43,128	3,819,541	3,376,195	Form
56	McCarthy, Brian K	Chief Revenue Officer	Direct	Sell	6202025	88.56	4,782	423,508	40,389,288	Form
57	Choudary, Kiran Kumar	Chief Financial Officer	Direct	Sell	6202025	88.56	6,757	598,420	46,459,655	Form
58	Salem, Enrique T		See footnotes	Sell	6172025	91.09	700,000			Form
59	Choudary, Kiran Kumar	Chief Financial Officer	Direct	Sell	6132025	88.25	3,500	308,873	46,257,262	Form
60	Choudary, Kiran Kumar	Chief Financial Officer	Direct	Sell	6092025	100.24	30,000	3,007,200	52,291,700	Form
61	McCarthy, Brian K	Chief Revenue Officer	Direct	Sell	6092025	100.18	25,000	2,504,500	45,540,225	Form
62	Nithrakashyap, Arvind	Chief Technology Officer	Direct	Sell	6052025	99.83	32,477			Form
63	Nithrakashyap, Arvind	Chief Technology Officer	Direct	Sell	6052025	98.38	32,484			Form
64	Nithrakashyap, Arvind	Chief Technology Officer	Direct	Sell	6052025	98.85	32,484			Form
65	Wassenaar, Yvonne		Direct	Sell	6052025	99.98	2,000	199,960	15,297	Form
66	Thompson, John Wendell		John and Sandra Thompson Trust	Sell	6042025	98.21	9,009	884,803	98,017	Form
67	McCarthy, Brian K	Chief Revenue Officer	Direct	Sell	6042025	98.20	25,000	2,455,098	47,097,034	Form
68	Choudary, Kiran Kumar	Chief Financial Officer	Direct	Sell	5302025	94.86	3,500	332,010	52,330,942	Form
69	McCarthy, Brian K	Chief Revenue Officer	Direct	Sell	5272025	90.10	25,000	2,252,500	45,463,018	Form
70	Choudary, Kiran Kumar	Chief Financial Officer	Direct	Sell	5272025	90.07	10,000	900,700	50,003,712	Form
71	Choudary, Kiran Kumar	Chief Financial Officer	Direct	Sell	5152025	83.81	3,500	293,351	47,369,116	Form
72	Choudary, Kiran Kumar	Chief Financial Officer	Direct	Sell	5152025	80.04	20,000	1,600,800	45,515,947	Form
73	McCarthy, Brian K	Chief Revenue Officer	Direct	Sell	5152025	80.01	25,000	2,000,250	42,372,016	Form
74	Nithrakashyap, Arvind	Chief Technology Officer	Direct	Sell	5072025	75.20	32,484	2,442,701	1,832,928	Form
75	Nithrakashyap, Arvind	Chief Technology Officer	Direct	Sell	5072025	73.17	32,484	2,376,726	4,160,149	Form
76	Nithrakashyap, Arvind	Chief Technology Officer	Direct	Sell	5072025	75.03	32,484	2,437,204	6,703,212	Form
77	Choudary, Kiran Kumar	Chief Financial Officer	Direct	Sell	5072025	75.00	5,000	375,000	44,149,875	Form
78	Wassenaar, Yvonne		Direct	Sell	5072025	72.24	2,000	144,480	11,053	Form
79	McCarthy, Brian K	Chief Revenue Officer	Direct	Sell	5022025	71.44	25,000	1,786,056	39,594,496	Form
80	Thompson, John Wendell		John and Sandra Thompson Trust	Sell	5022025	71.45	9,009	643,727	71,311	Form
81	Choudary, Kiran Kumar	Chief Financial Officer	Direct	Sell	5022025	69.82	23,500	1,640,747	41,423,494	Form

RBRK Trade Sentinel

Stock Conviction

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CONVICTION RATIONALE

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STOCK ARCHETYPE

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Looking for high-conviction positions with a better risk/reward profile? See what's currently in the Trefis High Quality Portfolio.

INVESTMENT THESIS

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Mechanism: null

Supporting Evidence:

PRIMARY RISK

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Mechanism: null

Supporting Evidence:

Key KPI Watchlist

KPI	Threshold	Rationale

Core Investment Debate

BULL VIEW

CORE TENSION

PREVAILING SENTIMENT

BEAR VIEW

Next 6 months: Risks and Catalysts

Timeline	Event & Metric To Watch

Key Events in Last 6 Months

Date	Event	Stock Impact

Risk Management

Position Sizing

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Diversification Alternatives

How Is The Market Pricing RBRK?

What will confirm the thesis

What will damage the thesis

Noise: Real but irrelevant to thesis

Repricing Catalyst

What RBRK Makes & Who Pays

TTM figures based on

RBRK Evolution: Price Return by Era

① Structure

② Volume / Momentum

③ Catalyst

Combined Score

0 / 12

1 Price Structure & Trend · ▾

2 Momentum ▾

3 Relative Strength vs. SPY ▾

4 Institutional Footprint & Volume ▾

5 Volatility ▾

6 Key Price Levels Range · Vol ▾

7 Earnings Reaction History ▾

8 How the Verdict Is Derived Three Pillars ▾

Pillar	Score
① Structure	0
② Vol / Mom	0
③ Catalyst	0

ℹ Bull Pillars: 0 · Bear Pillars: 0 · Combined Score: 0 →

Industry Resources

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Software Development Times

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Rubrik (RBRK)

Market Price (5/9/2026): $61.21 | Market Cap: $12.3 BilSector: Information Technology | Industry: Systems Software

Rubrik (RBRK)

Market Price (5/9/2026): $61.21Market Cap: $12.3 BilSector: Information TechnologyIndustry: Systems Software

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

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RBRK Trade Sentinel

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CONVICTION RATIONALE

STOCK ARCHETYPE

INVESTMENT THESIS

PRIMARY RISK

Market Price (5/9/2026): $61.21 | Market Cap: $12.3 Bil
Sector: Information Technology | Industry: Systems Software

Market Price (5/9/2026): $61.21
Market Cap: $12.3 Bil
Sector: Information Technology
Industry: Systems Software