Rubrik (RBRK)
Market Price (7/23/2026): $74.1 | Market Cap: $15.1 BilSector: Information Technology | Industry: Systems Software
Rubrik (RBRK)
Market Price (7/23/2026): $74.1Market Cap: $15.1 BilSector: Information TechnologyIndustry: Systems Software
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 46% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 23%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 20% Megatrend and thematic driversMegatrends include Cybersecurity, and Cloud Computing. Themes include Cloud Security, Software Security, Show more. | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -305 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -21% Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 23% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -6.3% Key risksRBRK 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. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 46% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 23%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 20% |
| Megatrend and thematic driversMegatrends include Cybersecurity, and Cloud Computing. Themes include Cloud Security, Software Security, Show more. |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -305 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -21% |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 23% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -6.3% |
| Key risksRBRK 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. |
Qualitative Assessment
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Rubrik (RBRK) stock has gained about 50% since 3/31/2026 because of the following key factors:
1. Exceptional Fiscal Q1 2027 Financial Performance and Upbeat Guidance.
Rubrik reported strong financial results for its fiscal Q1 2027 (ended April 30, 2026), significantly exceeding analyst expectations. The company posted earnings of $0.16 per share, outperforming estimates ranging from -$0.03 to -$0.11 per share. Total revenue for the quarter reached $387.1 million, a 39% increase year-over-year, surpassing analyst projections of $366.31 million. Subscription Annual Recurring Revenue (ARR) grew 32% year-over-year, reaching $1.57 billion. Furthermore, Rubrik raised its financial outlook for the full fiscal year 2027, signaling confidence in sustained growth and operational performance.
2. Strategic Alliances Driving Expansion in Cyber Resilience and AI Operations.
Rubrik strengthened its market position through key strategic partnerships focusing on cyber resilience and AI. This included the Rubrik-Microsoft Defender Alliance, unveiled at RSAC 2026 (around March 25, 2026), which aims to provide integrated threat detection and data protection. Additionally, a partnership with Tech Mahindra announced on March 10, 2026, introduced a joint Cyber Recovery as a Service (CRaaS) solution to accelerate customer adoption. A collaboration with MEDITECH on May 19, 2026, extended native cyber resilience solutions to healthcare customers. These initiatives highlight Rubrik's focus on becoming an increasingly strategic platform for "agentic cyber resilience" and leveraging the "AI acceleration opportunity."
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Rubrik (RBRK) stock has gained about 50% since 3/31/2026 because of the following key factors:
1. Exceptional Fiscal Q1 2027 Financial Performance and Upbeat Guidance.
Rubrik reported strong financial results for its fiscal Q1 2027 (ended April 30, 2026), significantly exceeding analyst expectations. The company posted earnings of $0.16 per share, outperforming estimates ranging from -$0.03 to -$0.11 per share. Total revenue for the quarter reached $387.1 million, a 39% increase year-over-year, surpassing analyst projections of $366.31 million. Subscription Annual Recurring Revenue (ARR) grew 32% year-over-year, reaching $1.57 billion. Furthermore, Rubrik raised its financial outlook for the full fiscal year 2027, signaling confidence in sustained growth and operational performance.
2. Strategic Alliances Driving Expansion in Cyber Resilience and AI Operations.
Rubrik strengthened its market position through key strategic partnerships focusing on cyber resilience and AI. This included the Rubrik-Microsoft Defender Alliance, unveiled at RSAC 2026 (around March 25, 2026), which aims to provide integrated threat detection and data protection. Additionally, a partnership with Tech Mahindra announced on March 10, 2026, introduced a joint Cyber Recovery as a Service (CRaaS) solution to accelerate customer adoption. A collaboration with MEDITECH on May 19, 2026, extended native cyber resilience solutions to healthcare customers. These initiatives highlight Rubrik's focus on becoming an increasingly strategic platform for "agentic cyber resilience" and leveraging the "AI acceleration opportunity."
3. Positive Analyst Sentiment and Upgraded Price Targets.
Following the strong operational and financial news, Rubrik has received largely positive sentiment from Wall Street analysts, with a consensus rating of "Moderate Buy" or "Strong Buy." Numerous analysts raised their price targets for RBRK shares; for instance, Keybanc increased its target to $100.00 on July 16, 2026, and Oppenheimer raised its target to $85.00 on May 20, 2026. The average analyst price target for Rubrik is currently in the range of $91.00 to $96.56, indicating significant potential upside from its trading price.
4. Sustained Industry Leadership and Recognition.
Rubrik's consistent leadership in data protection and cyber resilience has been recognized through significant industry accolades. On July 16, 2026, the company was named a Leader in the 2026 Gartner Magic Quadrant for Backup and Data Protection Platforms for the seventh consecutive year. This sustained recognition validates Rubrik's vision and its ongoing efforts to deliver advanced solutions to protect organizations from sophisticated cyber threats and evolving operational challenges.
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Stock Movement Drivers
Fundamental Drivers
The 50.5% change in RBRK stock from 3/31/2026 to 7/22/2026 was primarily driven by a 40.9% change in the company's P/S Multiple.| (LTM values as of) | 3312026 | 7222026 | Change |
|---|---|---|---|
| Stock Price ($) | 48.97 | 73.69 | 50.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,316 | 1,425 | 8.3% |
| P/S Multiple | 7.5 | 10.5 | 40.9% |
| Shares Outstanding (Mil) | 201 | 204 | -1.4% |
| Cumulative Contribution | 50.5% |
Market Drivers
3/31/2026 to 7/22/2026| Return | Correlation | |
|---|---|---|
| RBRK | 50.5% | |
| Market (SPY) | 14.9% | 16.3% |
| Sector (XLK) | 35.6% | 28.3% |
Fundamental Drivers
The -3.6% change in RBRK stock from 12/31/2025 to 7/22/2026 was primarily driven by a -16.9% change in the company's P/S Multiple.| (LTM values as of) | 12312025 | 7222026 | Change |
|---|---|---|---|
| Stock Price ($) | 76.48 | 73.69 | -3.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,197 | 1,425 | 19.1% |
| P/S Multiple | 12.7 | 10.5 | -16.9% |
| Shares Outstanding (Mil) | 198 | 204 | -2.6% |
| Cumulative Contribution | -3.6% |
Market Drivers
12/31/2025 to 7/22/2026| Return | Correlation | |
|---|---|---|
| RBRK | -3.6% | |
| Market (SPY) | 9.9% | 29.0% |
| Sector (XLK) | 25.4% | 37.7% |
Fundamental Drivers
The -17.7% change in RBRK stock from 6/30/2025 to 7/22/2026 was primarily driven by a -40.0% change in the company's P/S Multiple.| (LTM values as of) | 6302025 | 7222026 | Change |
|---|---|---|---|
| Stock Price ($) | 89.59 | 73.69 | -17.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 978 | 1,425 | 45.7% |
| P/S Multiple | 17.6 | 10.5 | -40.0% |
| Shares Outstanding (Mil) | 192 | 204 | -5.9% |
| Cumulative Contribution | -17.7% |
Market Drivers
6/30/2025 to 7/22/2026| Return | Correlation | |
|---|---|---|
| RBRK | -17.7% | |
| Market (SPY) | 22.0% | 31.1% |
| Sector (XLK) | 43.0% | 38.1% |
Fundamental Drivers
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Market Drivers
6/30/2023 to 7/22/2026| Return | Correlation | |
|---|---|---|
| RBRK | ||
| Market (SPY) | 74.6% | 44.3% |
| Sector (XLK) | 111.3% | 45.9% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| RBRK Return | - | - | - | 77% | 17% | -1% | 105% |
| Peers Return | 38% | -17% | 61% | 48% | 6% | 71% | 398% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 10% | 100% |
Monthly Win Rates [3] | |||||||
| RBRK Win Rate | - | - | - | 56% | 42% | 43% | |
| Peers Win Rate | 73% | 40% | 58% | 68% | 55% | 63% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 57% | |
Max Drawdowns [4] | |||||||
| RBRK Max Drawdown | - | - | - | - | -34% | -43% | |
| Peers Max Drawdown | -18% | -32% | -16% | -27% | -34% | -28% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: CVLT, DELL, NTAP, IBM, PANW.
[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 7/22/2026 (YTD)
How Low Can It Go
| 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 |
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.
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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 |
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)
Rubrik (RBRK) is a cybersecurity company dedicated to securing the world's data through its Zero Trust Data Security platform. Recognizing that cyberattacks inevitably target data, Rubrik's mission is to deliver cyber resilience, enabling organizations to both protect their data across cloud environments and recover effectively from sophisticated cyberattacks. They address shortcomings of traditional cybersecurity methods and legacy backup solutions by specifically designing for cyber recovery and data threat analytics.
The company's primary product is the Rubrik Security Cloud (RSC), a cloud-native Software-as-a-Service (SaaS) platform built on Zero Trust principles. RSC detects, analyzes, and remediates data security risks and unauthorized user activities across enterprise, cloud, and SaaS applications. It utilizes a unique architecture to create "self-describing data as a time-series," allowing artificial intelligence and machine learning to identify emergent data security threats and recommend automated remediation. RSC focuses on three core principles: data resilience (always available), data observability (continuous monitoring), and data remediation (rapid recovery without reinfection).
Rubrik serves over 6,100 customers globally, ranging from organizations of all sizes across diverse industries. They employ a "land and expand" sales strategy, initially securing customer data across private cloud, network-attached storage (NAS), cloud, or SaaS applications. Expansion is driven by the growth of data, securing new applications, and adopting additional data security products, leading to a strong average subscription dollar-based net retention rate of 133%. The company measures its growth through Subscription Annual Recurring Revenue (ARR), which reached $784.0 million as of January 31, 2024.
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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:
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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.
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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.
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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.
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 186.16 |
| Mkt Cap | 113.1 |
| Rev LTM | 8,766 |
| Op Inc LTM | 1,357 |
| FCF LTM | 2,831 |
| FCF 3Y Avg | 2,424 |
| CFO LTM | 3,142 |
| CFO 3Y Avg | 2,640 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 19.2% |
| Rev Chg 3Y Avg | 12.9% |
| Rev Chg Q | 22.2% |
| QoQ Delta Rev Chg LTM | 5.2% |
| Op Inc Chg LTM | 22.5% |
| Op Inc Chg 3Y Avg | 26.9% |
| Op Mgn LTM | 9.3% |
| Op Mgn 3Y Avg | 9.5% |
| QoQ Delta Op Mgn LTM | 0.6% |
| CFO/Rev LTM | 21.7% |
| CFO/Rev 3Y Avg | 21.8% |
| FCF/Rev LTM | 19.8% |
| FCF/Rev 3Y Avg | 20.2% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 113.1 |
| P/S | 4.9 |
| P/Op Inc | 23.0 |
| P/EBIT | 21.6 |
| P/E | 30.0 |
| P/CFO | 23.8 |
| Total Yield | 2.3% |
| Dividend Yield | 0.3% |
| FCF Yield 3Y Avg | 3.9% |
| D/E | 0.1 |
| Net D/E | -0.0 |
Price Behavior
| Market Price | $73.69 | |
| Market Cap ($ Bil) | 15.0 | |
| First Trading Date | 04/25/2024 | |
| Distance from 52W High | -25.2% | |
| 50 Days | 200 Days | |
| DMA Price | $74.41 | $66.86 |
| DMA Trend | down | up |
| Distance from DMA | -1.0% | 10.2% |
| 3M | 1YR | |
| Volatility | 61.3% | 63.6% |
| Downside Capture | 44.10 | 201.84 |
| Upside Capture | 166.04 | 144.44 |
| Correlation (SPY) | 22.9% | 32.1% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.92 | 0.98 | 0.95 | 1.36 | 1.60 | 0.17 |
| Up Beta | 2.91 | 1.54 | 0.85 | 1.08 | 1.38 | -0.25 |
| Down Beta | 0.98 | 0.84 | 0.17 | 0.62 | 1.39 | 0.13 |
| Up Capture | 47% | 245% | 230% | 182% | 182% | 226% |
| Bmk +ve Days | 11 | 24 | 40 | 67 | 140 | 429 |
| Stock +ve Days | 12 | 25 | 38 | 64 | 126 | 286 |
| Down Capture | 21% | -46% | 29% | 160% | 154% | 106% |
| Bmk -ve Days | 10 | 17 | 23 | 58 | 112 | 321 |
| Stock -ve Days | 9 | 16 | 25 | 60 | 124 | 256 |
[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 | -14.9% | 63.5% | -0.00 | - |
| Sector ETF (XLK) | 38.8% | 24.7% | 1.27 | 38.5% |
| Equity (SPY) | 20.0% | 12.6% | 1.16 | 32.1% |
| Gold (GLD) | 21.2% | 28.1% | 0.67 | 2.1% |
| Commodities (DBC) | 33.0% | 19.1% | 1.36 | 1.8% |
| Real Estate (VNQ) | 13.9% | 14.0% | 0.70 | -0.5% |
| Bitcoin (BTCUSD) | -43.6% | 42.9% | -1.21 | 21.5% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with RBRK | |
|---|---|---|---|---|
| RBRK | 13.7% | 63.9% | 0.70 | - |
| Sector ETF (XLK) | 19.6% | 25.6% | 0.68 | 46.1% |
| Equity (SPY) | 12.8% | 17.1% | 0.58 | 44.5% |
| Gold (GLD) | 17.3% | 18.4% | 0.76 | 8.5% |
| Commodities (DBC) | 9.3% | 19.5% | 0.37 | 10.6% |
| Real Estate (VNQ) | 2.7% | 18.9% | 0.04 | 15.8% |
| Bitcoin (BTCUSD) | 15.2% | 53.5% | 0.46 | 22.3% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with RBRK | |
|---|---|---|---|---|
| RBRK | 6.6% | 63.9% | 0.70 | - |
| Sector ETF (XLK) | 24.5% | 24.8% | 0.89 | 46.1% |
| Equity (SPY) | 15.1% | 17.9% | 0.72 | 44.5% |
| Gold (GLD) | 11.5% | 16.1% | 0.58 | 8.5% |
| Commodities (DBC) | 7.1% | 17.9% | 0.31 | 10.6% |
| Real Estate (VNQ) | 5.0% | 20.7% | 0.20 | 15.8% |
| Bitcoin (BTCUSD) | 58.5% | 66.2% | 0.99 | 22.3% |
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Returns Analyses
Earnings Returns History
Updated 7/9/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 6/4/2026 | -4.7% | -7.2% | 13.0% |
| 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% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 3 | 3 | 5 |
| # Negative | 6 | 6 | 4 |
| Median Positive | 22.5% | 27.0% | 9.1% |
| Median Negative | -3.1% | -8.6% | -8.5% |
| Max Positive | 27.8% | 38.3% | 19.9% |
| Max Negative | -18.1% | -23.9% | -14.5% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 6/4/2026 | -4.7% | -7.2% | 13.0% |
| 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 | 5 |
| # Negative | 6 | 6 | 4 |
| Median Positive | 22.5% | 27.0% | 9.1% |
| Median Negative | -3.1% | -8.6% | -8.5% |
| Max Positive | 27.8% | 38.3% | 19.9% |
| Max Negative | -18.1% | -23.9% | -14.5% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 04/30/2026 | 06/05/2026 | 10-Q |
| 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 |
| Report Date | Filing Date | Filing |
|---|---|---|
| 04/30/2026 | 06/05/2026 | 10-Q |
| 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 |
Insider Activity
Updated 7/16/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Choudary, Kiran Kumar | Chief Financial Officer | Direct | Sell | 7162026 | 81.73 | 28,000 | 2,288,374 | 80,425,967 | Form |
| 2 | Mhatre, Ravi | Lightspeed Management Company, L.L.C. | Sell | 7142026 | 83.10 | 3,979 | Form | |||
| 3 | Nithrakashyap, Arvind | Chief Technology Officer | Direct | Sell | 7082026 | 84.58 | 12,820 | 1,084,273 | 25,678,401 | Form |
| 4 | Nithrakashyap, Arvind | Chief Technology Officer | Direct | Sell | 7082026 | 87.59 | 12,820 | 1,122,848 | 26,591,965 | Form |
| 5 | Nithrakashyap, Arvind | Chief Technology Officer | Direct | Sell | 7082026 | 87.78 | 12,820 | 1,125,301 | 26,650,058 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Choudary, Kiran Kumar | Chief Financial Officer | Direct | Sell | 7162026 | 81.73 | 28,000 | 2,288,374 | 80,425,967 | Form |
| 2 | Mhatre, Ravi | Lightspeed Management Company, L.L.C. | Sell | 7142026 | 83.10 | 3,979 | Form | |||
| 3 | Nithrakashyap, Arvind | Chief Technology Officer | Direct | Sell | 7082026 | 84.58 | 12,820 | 1,084,273 | 25,678,401 | Form |
| 4 | Nithrakashyap, Arvind | Chief Technology Officer | Direct | Sell | 7082026 | 87.59 | 12,820 | 1,122,848 | 26,591,965 | Form |
| 5 | Nithrakashyap, Arvind | Chief Technology Officer | Direct | Sell | 7082026 | 87.78 | 12,820 | 1,125,301 | 26,650,058 | Form |
| 6 | Wassenaar, Yvonne | Direct | Sell | 7012026 | 81.57 | 721 | 58,812 | 378,322 | Form | |
| 7 | Thompson, John Wendell | John and Sandra Thompson Trust | Sell | 7012026 | 82.75 | 2,500 | 206,875 | 1,034,375 | Form | |
| 8 | Thompson, John Wendell | Direct | Sell | 7012026 | 82.65 | 11,000 | 909,163 | 691,129 | Form | |
| 9 | Mhatre, Ravi | Lightspeed Management Company, L.L.C. | Sell | 6262026 | 71.49 | 3,979 | Form | |||
| 10 | Wassenaar, Yvonne | Direct | Sell | 6242026 | 75.00 | 676 | 50,700 | 401,925 | Form | |
| 11 | Wassenaar, Yvonne | Direct | Sell | 6032026 | 80.73 | 721 | 58,206 | 187,778 | Form | |
| 12 | Nithrakashyap, Arvind | Chief Technology Officer | Direct | Sell | 6032026 | 78.89 | 12,820 | 1,011,408 | 24,776,187 | Form |
| 13 | Nithrakashyap, Arvind | Chief Technology Officer | Direct | Sell | 6032026 | 82.16 | 12,820 | 1,053,353 | 25,803,710 | Form |
| 14 | Thompson, John Wendell | John and Sandra Thompson Trust | Sell | 6032026 | 84.51 | 2,500 | 211,270 | 1,267,620 | Form | |
| 15 | Thompson, John Wendell | Direct | Sell | 6032026 | 84.55 | 11,000 | 930,019 | 393,398 | Form | |
| 16 | Nithrakashyap, Arvind | Chief Technology Officer | Direct | Sell | 6032026 | 84.28 | 199,447 | 16,808,915 | 26,467,212 | Form |
| 17 | Wassenaar, Yvonne | Direct | Sell | 6012026 | 75.00 | 2,838 | 212,850 | 174,450 | Form | |
| 18 | Thompson, John Wendell | John and Sandra Thompson Trust | Sell | 5042026 | 55.51 | 2,500 | 138,780 | 971,460 | Form | |
| 19 | Thompson, John Wendell | Direct | Sell | 5042026 | 55.48 | 11,000 | 610,298 | 258,156 | Form | |
| 20 | Choudary, Kiran Kumar | Chief Financial Officer | Direct | Sell | 4082026 | 51.69 | 20,000 | 1,033,733 | 28,422,541 | Form |
| 21 | McLaughlin, Mark D | Direct | Buy | 4012026 | 47.21 | 10,638 | 502,220 | 643,897 | Form | |
| 22 | Choudary, Kiran Kumar | Chief Financial Officer | Direct | Sell | 3262026 | 48.20 | 122,613 | 5,909,419 | 27,225,799 | Form |
| 23 | Nithrakashyap, Arvind | Chief Technology Officer | Direct | Sell | 3262026 | 48.20 | 28,967 | 1,396,085 | 16,804,298 | Form |
| 24 | Thompson, John Wendell | John and Sandra Thompson Trust | Sell | 3032026 | 53.55 | 2,500 | 133,878 | 1,204,902 | Form | |
| 25 | Thompson, John Wendell | Direct | Sell | 3032026 | 53.62 | 11,000 | 589,766 | 249,471 | Form | |
| 26 | Choudary, Kiran Kumar | Chief Financial Officer | Direct | Sell | 2192026 | 54.17 | 20,000 | 1,083,445 | 25,729,597 | Form |
| 27 | Thompson, John Wendell | John and Sandra Thompson Trust | Sell | 2032026 | 55.30 | 2,500 | 138,258 | 1,437,773 | Form | |
| 28 | Thompson, John Wendell | Direct | Sell | 2032026 | 55.29 | 11,000 | 608,203 | 202,089 | Form | |
| 29 | Choudary, Kiran Kumar | Chief Financial Officer | Direct | Sell | 1162026 | 67.66 | 20,000 | 1,353,226 | 33,151,269 | Form |
| 30 | Nithrakashyap, Arvind | Chief Technology Officer | Direct | Sell | 1162026 | 70.40 | 4,648 | 327,219 | 23,725,504 | Form |
| 31 | Nithrakashyap, Arvind | Chief Technology Officer | Direct | Sell | 1162026 | 70.05 | 1,045 | 73,202 | 23,933,143 | Form |
| 32 | McCarthy, Brian K | Pres.,Global Sales & Field Ops | Direct | Sell | 1132026 | 70.88 | 10,000 | 708,849 | 23,446,746 | Form |
| 33 | Thompson, John Wendell | John and Sandra Thompson Trust | Sell | 1062026 | 73.87 | 2,500 | 184,663 | 73,717 | Form | |
| 34 | Thompson, John Wendell | Direct | Sell | 1062026 | 73.84 | 11,000 | 812,241 | 199,516 | Form | |
| 35 | Choudary, Kiran Kumar | Chief Financial Officer | Direct | Sell | 12232025 | 79.25 | 3,500 | 277,389 | 40,138,902 | Form |
| 36 | McCarthy, Brian K | Pres.,Global Sales & Field Ops | Direct | Sell | 12182025 | 76.18 | 4,797 | 365,455 | 25,961,393 | Form |
| 37 | Choudary, Kiran Kumar | Chief Financial Officer | Direct | Sell | 12182025 | 76.18 | 6,779 | 516,452 | 38,698,411 | Form |
| 38 | Nithrakashyap, Arvind | Chief Technology Officer | Direct | Sell | 12182025 | 76.19 | 31,450 | 2,396,176 | 26,110,542 | Form |
| 39 | Mhatre, Ravi | Lightspeed Venture Partners X, L.P. | Sell | 12152025 | 81.82 | 101,659 | Form | |||
| 40 | McCarthy, Brian K | Pres.,Global Sales & Field Ops | Direct | Sell | 12102025 | 90.83 | 10,000 | 908,318 | 30,820,956 | Form |
| 41 | Choudary, Kiran Kumar | Chief Financial Officer | Direct | Sell | 12102025 | 91.46 | 3,500 | 320,110 | 46,420,614 | Form |
| 42 | Thompson, John Wendell | John and Sandra Thompson Trust | Sell | 12022025 | 68.75 | 9,009 | 619,345 | 68,610 | Form | |
| 43 | Choudary, Kiran Kumar | Chief Financial Officer | Direct | Sell | 11202025 | 69.46 | 3,500 | 243,121 | 35,360,282 | Form |
| 44 | McCarthy, Brian K | Pres.,Global Sales & Field Ops | Direct | Sell | 11122025 | 75.90 | 10,000 | 758,954 | 26,511,714 | Form |
| 45 | Choudary, Kiran Kumar | Chief Financial Officer | Direct | Sell | 11062025 | 72.29 | 3,500 | 253,015 | 36,907,732 | Form |
| 46 | Thompson, John Wendell | John and Sandra Thompson Trust | Sell | 11042025 | 75.45 | 9,009 | 679,721 | 75,298 | Form | |
| 47 | Choudary, Kiran Kumar | Chief Financial Officer | Direct | Sell | 10162025 | 79.78 | 3,500 | 279,236 | 40,852,307 | Form |
| 48 | McCarthy, Brian K | Pres.,Global Sales & Field Ops | Direct | Sell | 10142025 | 83.03 | 10,000 | 830,334 | 29,835,481 | Form |
| 49 | Choudary, Kiran Kumar | Chief Financial Officer | Direct | Sell | 10022025 | 82.68 | 3,500 | 289,370 | 42,458,900 | Form |
| 50 | Thompson, John Wendell | John and Sandra Thompson Trust | Sell | 10022025 | 82.76 | 9,009 | 745,607 | 82,597 | Form | |
| 51 | Choudary, Kiran Kumar | Chief Financial Officer | Direct | Sell | 9182025 | 74.82 | 3,500 | 261,870 | 38,508,657 | Form |
| 52 | McCarthy, Brian K | Chief Revenue Officer | Direct | Sell | 9182025 | 74.21 | 4,670 | 346,561 | 30,250,371 | Form |
| 53 | Nithrakashyap, Arvind | Chief Technology Officer | Direct | Sell | 9182025 | 74.21 | 40,170 | 2,981,016 | 24,751,113 | Form |
| 54 | Choudary, Kiran Kumar | Chief Financial Officer | Direct | Sell | 9182025 | 74.21 | 6,599 | 489,712 | 38,306,015 | Form |
| 55 | Sinha, Bipul | Chairman of the Board and CEO | Direct | Sell | 9122025 | 75.63 | 615,807 | 46,573,483 | 15,629,091 | Form |
| 56 | Choudary, Kiran Kumar | Chief Financial Officer | Direct | Sell | 9042025 | 88.26 | 3,500 | 308,910 | 45,506,415 | Form |
| 57 | Thompson, John Wendell | John and Sandra Thompson Trust | Sell | 9042025 | 87.83 | 9,009 | 791,267 | 87,655 | Form | |
| 58 | McCarthy, Brian K | Chief Revenue Officer | Direct | Sell | 9042025 | 87.84 | 12,500 | 1,098,008 | 35,667,884 | Form |
| 59 | Choudary, Kiran Kumar | Chief Financial Officer | Direct | Sell | 8212025 | 82.93 | 3,500 | 290,255 | 42,882,688 | Form |
| 60 | Choudary, Kiran Kumar | Chief Financial Officer | Direct | Sell | 8072025 | 88.37 | 3,500 | 309,295 | 45,828,240 | Form |
| 61 | Thompson, John Wendell | John and Sandra Thompson Trust | Sell | 8042025 | 87.29 | 9,009 | 786,369 | 87,112 | Form | |
| 62 | McCarthy, Brian K | Chief Revenue Officer | Direct | Sell | 8042025 | 87.29 | 12,500 | 1,091,103 | 36,534,654 | Form |
| 63 | Choudary, Kiran Kumar | Chief Financial Officer | Direct | Sell | 7242025 | 83.90 | 3,500 | 293,650 | 43,635,970 | Form |
| 64 | Choudary, Kiran Kumar | Chief Financial Officer | Direct | Sell | 7112025 | 87.54 | 3,500 | 306,390 | 45,660,426 | Form |
| 65 | Wassenaar, Yvonne | Direct | Sell | 7082025 | 88.21 | 2,000 | 176,412 | 251,828 | Form | |
| 66 | Thompson, John Wendell | John and Sandra Thompson Trust | Sell | 7072025 | 85.96 | 9,009 | 774,456 | 85,793 | Form | |
| 67 | McCarthy, Brian K | Chief Revenue Officer | Direct | Sell | 7072025 | 85.97 | 25,000 | 2,149,294 | 37,058,299 | Form |
| 68 | Mhatre, Ravi | Lightspeed Management Company, L.L.C. | Sell | 7022025 | 89.47 | 16,984 | Form | |||
| 69 | Lightspeed, Management Company, Llc | Direct | Sell | 7022025 | 89.47 | 16,984 | Form |
Investor Activity (13F)
Updated Jul 23, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
Industry Resources
| Information Technology Resources |
| TechCrunch |
| Wired |
| CIO |
| MIT Technology Review |
| Gartner Insights |
| Ars Technica |
| Systems Software Resources |
| CNET |
| ZDNet |
| Gartner |
| Software Development Times |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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