Tearsheet

Rapid7 (RPD)


Market Price (4/10/2026): $5.11 | Market Cap: $335.7 Mil
Sector: Information Technology | Industry: Technology Hardware, Storage & Peripherals

Rapid7 (RPD)


Market Price (4/10/2026): $5.11
Market Cap: $335.7 Mil
Sector: Information Technology
Industry: Technology Hardware, Storage & Peripherals

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

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.0%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.1%, FCF Yield is 39%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 18%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 15%

Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -73%

Megatrend and thematic drivers
Megatrends include Cybersecurity. Themes include Software Security, Cloud Security, and Endpoint Protection.

Weak multi-year price returns
2Y Excs Rtn is -122%, 3Y Excs Rtn is -154%

Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 149%

Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 12%

Key risks
RPD key risks include [1] decelerating growth driven by a decline in its core Vulnerability Management business, Show more.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.0%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.1%, FCF Yield is 39%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 18%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 15%
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 -73%
3 Megatrend and thematic drivers
Megatrends include Cybersecurity. Themes include Software Security, Cloud Security, and Endpoint Protection.
4 Weak multi-year price returns
2Y Excs Rtn is -122%, 3Y Excs Rtn is -154%
5 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 149%
6 Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 12%
7 Key risks
RPD key risks include [1] decelerating growth driven by a decline in its core Vulnerability Management business, Show more.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Rapid7 (RPD) stock has lost about 65% since 12/31/2025 because of the following key factors:

1. Rapid7's significantly weaker-than-expected 2026 financial guidance triggered a sharp stock decline.

On February 10, 2026, Rapid7 reported Q4 2025 results that slightly beat analyst expectations, with EPS of $0.44 against an estimated $0.40 and revenue of $217.39 million versus an estimated $215.17 million. However, the company's outlook for 2026 was substantially below consensus, projecting Q1 revenue between $207-$209 million (a 1-2% year-over-year decrease) against analyst estimates of approximately $215.8 million, and full-year revenue of $835-$843 million (a 2-3% decrease from 2025) compared to analyst expectations of about $879.4 million. This conservative guidance for the coming year directly led to a significant sell-off in after-hours trading and pre-market, eroding a substantial portion of the company's market value.

2. Flat Annualized Recurring Revenue (ARR) and its projected decline raised investor concerns about future growth.

Rapid7 reported its Annualized Recurring Revenue (ARR) at $840 million for the end of Q4 2025, which remained flat year-over-year. Furthermore, the company guided for Q1 2026 ARR to decline to approximately $830 million, signaling challenges in new customer acquisition and expansion within existing accounts. This stagnation and anticipated decrease in a key growth metric contributed to investor apprehension regarding the company's ability to drive top-line growth.

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Stock Movement Drivers

Fundamental Drivers

The -66.8% change in RPD stock from 12/31/2025 to 4/9/2026 was primarily driven by a -67.8% change in the company's P/E Multiple.
(LTM values as of)123120254092026Change
Stock Price ($)15.205.05-66.8%
Change Contribution By: 
Total Revenues ($ Mil)8598600.1%
Net Income Margin (%)2.6%2.7%4.1%
P/E Multiple44.014.2-67.8%
Shares Outstanding (Mil)6566-1.1%
Cumulative Contribution-66.8%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 4/9/2026
ReturnCorrelation
RPD-66.8% 
Market (SPY)-5.4%2.2%
Sector (XLK)-1.3%6.8%

Fundamental Drivers

The -73.1% change in RPD stock from 9/30/2025 to 4/9/2026 was primarily driven by a -67.1% change in the company's P/E Multiple.
(LTM values as of)93020254092026Change
Stock Price ($)18.755.05-73.1%
Change Contribution By: 
Total Revenues ($ Mil)8558600.5%
Net Income Margin (%)3.3%2.7%-17.0%
P/E Multiple43.114.2-67.1%
Shares Outstanding (Mil)6466-1.9%
Cumulative Contribution-73.1%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 4/9/2026
ReturnCorrelation
RPD-73.1% 
Market (SPY)-2.9%11.5%
Sector (XLK)1.0%11.0%

Fundamental Drivers

The -81.0% change in RPD stock from 3/31/2025 to 4/9/2026 was primarily driven by a -78.4% change in the company's P/E Multiple.
(LTM values as of)33120254092026Change
Stock Price ($)26.515.05-81.0%
Change Contribution By: 
Total Revenues ($ Mil)8448601.9%
Net Income Margin (%)3.0%2.7%-10.1%
P/E Multiple65.714.2-78.4%
Shares Outstanding (Mil)6366-3.7%
Cumulative Contribution-81.0%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2025 to 4/9/2026
ReturnCorrelation
RPD-81.0% 
Market (SPY)16.3%33.5%
Sector (XLK)38.2%29.0%

Fundamental Drivers

The -89.0% change in RPD stock from 3/31/2023 to 4/9/2026 was primarily driven by a -90.3% change in the company's P/S Multiple.
(LTM values as of)33120234092026Change
Stock Price ($)45.915.05-89.0%
Change Contribution By: 
Total Revenues ($ Mil)68586025.5%
P/S Multiple4.00.4-90.3%
Shares Outstanding (Mil)6066-9.4%
Cumulative Contribution-89.0%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2023 to 4/9/2026
ReturnCorrelation
RPD-89.0% 
Market (SPY)63.3%35.3%
Sector (XLK)91.9%31.5%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
RPD Return31%-71%68%-30%-62%-64%-94%
Peers Return43%-31%74%15%-5%-14%63%
S&P 500 Return27%-19%24%23%16%-1%81%

Monthly Win Rates [3]
RPD Win Rate50%33%67%42%8%0% 
Peers Win Rate70%35%68%53%45%40% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
RPD Max Drawdown-20%-77%-5%-42%-67%-65% 
Peers Max Drawdown-18%-36%-7%-17%-21%-24% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-7% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: PANW, CRWD, TENB, QLYS, FTNT.
[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 4/9/2026 (YTD)

How Low Can It Go

Unique KeyEventRPDS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-80.9%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven422.9%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-47.1%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven89.1%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven157 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-32.3%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven47.8%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven335 days120 days

Compare to PANW, CRWD, TENB, QLYS, FTNT

In The Past

Rapid7's stock fell -80.9% during the 2022 Inflation Shock from a high on 11/8/2021. A -80.9% loss requires a 422.9% gain to breakeven.

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About Rapid7 (RPD)

Rapid7, Inc. provides cyber security solutions. The company offers a cloud-native insight platform that enables customers to create and manage analytics-driven cyber security risk management programs. Its platform includes InsightIDR, an incident detection and response solution; InsightCloudSec, a solution that integrates posture management, workload protection, infrastructure entitlements management, infrastructure-as-code security, and Kubernetes protection; InsightVM, a vulnerability risk management solution that is designed to provide a way to collect vulnerability data, prioritize risk, and automate remediation; InsightAppSec, which provides application security testing that analyzes web applications for security vulnerabilities; and InsightConnect, a security orchestration and automation response solution that is used by security professionals. The company's other products include DivvyCloud, a cloud security posture management solution; Nexpose, an on-premises version of company's vulnerability risk management solution; AppSpider, an on-premises version of company's application security testing solution; and Metasploit, a penetration testing software solution, as well as professional services. It offers its products through term or perpetual software licenses, cloud-based subscriptions, and managed services. The company serves customers in a range of industries, including technology, energy, financial services, healthcare and life sciences, manufacturing, media and entertainment, retail, education, real estate, transportation, government, and professional services industries through sales teams, and indirect channel partner relationships, as well as directly in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company was incorporated in 2000 and is headquartered in Boston, Massachusetts.

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Rapid7 is like:

  • Palo Alto Networks for integrated vulnerability management, incident response, and cloud security.
  • Tenable for vulnerability management, but expanded to also provide incident detection, cloud security, and security automation.

AI Analysis | Feedback

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  • Insight Platform: A cloud-native platform enabling customers to create and manage analytics-driven cybersecurity risk management programs.
  • InsightIDR: An incident detection and response solution for identifying and addressing security incidents.
  • InsightCloudSec: A comprehensive cloud security solution integrating posture management, workload protection, and infrastructure entitlements management.
  • InsightVM: A vulnerability risk management solution designed to collect vulnerability data, prioritize risk, and automate remediation.
  • InsightAppSec: Provides application security testing to analyze web applications for security vulnerabilities.
  • InsightConnect: A security orchestration and automation response (SOAR) solution used by security professionals.
  • DivvyCloud: A cloud security posture management solution.
  • Nexpose: An on-premises version of the company's vulnerability risk management solution.
  • AppSpider: An on-premises version of the company's application security testing solution.
  • Metasploit: A penetration testing software solution.
  • Professional Services: Services providing expert assistance and support for cybersecurity solutions.
```

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Rapid7 (RPD) Major Customers

Rapid7, Inc. primarily sells its cybersecurity solutions to other companies and organizations.

The provided background information does not specify the names of individual major customer companies. Instead, it indicates that Rapid7 serves customers across a wide range of industries. These industries represent the categories of companies that utilize Rapid7's platform and products:

  • Technology
  • Energy
  • Financial Services
  • Healthcare and Life Sciences
  • Manufacturing
  • Media and Entertainment
  • Retail
  • Education
  • Real Estate
  • Transportation
  • Government
  • Professional Services

Rapid7 delivers its solutions through various methods, including term or perpetual software licenses, cloud-based subscriptions, and managed services. It reaches these customer organizations directly through its sales teams and indirectly through channel partner relationships across the Americas, Europe, the Middle East, Africa, and the Asia Pacific regions.

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Corey E. Thomas, Chief Executive Officer

Corey E. Thomas is the Chairman and Chief Executive Officer of Rapid7, joining the company in 2008, becoming CEO in 2012, and taking it public in 2015. His background includes roles as Vice President of Marketing at Parallels Inc., Group Product Manager at Microsoft, and consultant at Deloitte Consulting. He is also an active angel investor in technology companies and serves on the boards of directors for organizations such as LPL Financial, Blue Cross Blue Shield of Massachusetts, and Vanderbilt University.

Rafe Brown, Chief Financial Officer

Rafe Brown was appointed Chief Financial Officer of Rapid7, effective December 1, 2025. Prior to joining Rapid7, Mr. Brown served as President and Chief Operating Officer of Mimecast Limited, where he also held the position of Chief Financial Officer. His experience also includes serving as Chief Financial Officer for SevOne, Inc. and Pegasystems, Inc. Before Mimecast, he was an Operating Partner at Francisco Partners, a technology investment firm. He began his public accounting career at Arthur Andersen LLP and PricewaterhouseCoopers LLP.

Christina Luconi, Chief People Officer

Christina Luconi serves as the Chief People Officer at Rapid7, focusing on strategic people initiatives. Before joining Rapid7, she owned People Innovations, an independent consulting firm specializing in innovative people strategies for startups and high-growth companies in the high technology industry. She also served as Chief People Officer at @stake, a professional services security firm that was acquired by Symantec, and was Vice President of People Strategy at Sapient Corporation prior to its public offering.

Craig Adams, Chief Product Officer

Craig Adams is the Chief Product Officer at Rapid7, where he is recognized for his expertise in helping organizations manage their attack surface and defend against cyber threats. Before his role at Rapid7, Craig held leadership positions at Recorded Future. He also spent over two decades at Akamai Technologies, where he oversaw their Security and Performance portfolio.

Jeremiah Dewey, Senior Vice President, Managed Services & Consulting Services Delivery

Jeremiah Dewey is the Senior Vice President, Managed Services & Consulting Services Delivery at Rapid7, overseeing service delivery and client satisfaction. His prior experience includes significant roles at Stroz Friedberg, where he was Vice President of Incident Response. He also honed his skills in cybersecurity and technology management at FireEye and the U.S. Environmental Protection Agency.

AI Analysis | Feedback

Here are the key risks to Rapid7's business:

  1. Financial Health and Profitability Concerns: Rapid7 faces significant challenges with its financial health, including rising long-term debt, particularly senior convertible notes, which could lead to share dilution and financial instability. Despite strong revenue growth, the company's profitability remains a concern, highlighted by net losses in previous fiscal years, shrinking operating margins, and an underperforming stock price compared to competitors. An Altman Z-Score in the distress zone further implies a potential bankruptcy risk.

  2. Intense Competition in a Fragmented Cybersecurity Market: Rapid7 operates in a highly competitive and fragmented market for SecOps and cybersecurity solutions. The company faces significant competition from both established industry giants like Microsoft and Palo Alto Networks, as well as specialized vendors such as Qualys and Tenable in vulnerability management, and CrowdStrike and Splunk in SIEM and XDR. This intense competitive landscape impacts Rapid7's ability to acquire and retain customers, limits its pricing power, and puts pressure on its overall growth, billings, and operating margins.

  3. Rapidly Evolving Threat Landscape and Technological Advancements: As a cybersecurity company, Rapid7 is inherently exposed to a constantly and rapidly evolving threat landscape. Emerging risks include the proliferation of AI-driven attacks, the looming threat of quantum computing rendering current encryption systems obsolete, and the increasing impact of geopolitical conflicts on cyber warfare. Staying ahead of these sophisticated and dynamic threats requires continuous and significant investment in research and development and product innovation, which can impact the company's financial performance if not managed effectively.

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Rapid7 (NASDAQ: RPD) operates in several significant cybersecurity markets, with its main products and services addressing various aspects of security operations.

The estimated addressable market sizes for Rapid7's core product categories, on a global scale, are as follows:

  • Security Orchestration, Automation, and Response (SOAR): The global SOAR market was valued at approximately USD 1.72 billion in 2024 and is projected to reach USD 4.11 billion by 2030, exhibiting a Compound Annual Growth Rate (CAGR) of 15.8% from 2025 to 2030. Another estimate places the global SOAR market at USD 1.8 billion in 2025, with a projection to reach USD 5.0 billion by 2035.
  • Penetration Testing: The global penetration testing market size was valued at USD 2.45 billion in 2024 and is projected to grow to USD 6.25 billion by 2033, demonstrating a CAGR of 12.5% during the forecast period (2025–2033).
  • Vulnerability Management (VM) / Security and Vulnerability Management: The global security and vulnerability management market size was valued at USD 17.67 billion in 2025 and is predicted to increase to approximately USD 34.01 billion by 2035, expanding at a CAGR of 6.77% from 2026 to 2035.
  • Cloud Security Posture Management (CSPM): The global cloud security posture management market size was valued at USD 3.14 billion in 2025 and is projected to grow to USD 21.31 billion by 2034, exhibiting a CAGR of 24.20% during the forecast period.
  • Application Security Testing (AST): The global Application Security Testing (AST) platforms market size is expected to grow from USD 3.2 billion in 2023 to USD 8.5 billion by 2032, reflecting a CAGR of 11.2%. Another source indicates the global Application Security Testing market was valued at USD 11.05 billion in 2025 and is projected to reach USD 25.82 billion by the end of 2030.
  • Incident Response (IR): The global incident response market size was over USD 38.4 billion in 2025 and is estimated to reach USD 204.1 billion by the end of 2035, expanding at a CAGR of 20.4% during the forecast timeline.

Rapid7 itself has also highlighted a substantial overall addressable market. The company's investor presentation indicated that the security operations market was estimated at over USD 54 billion in 2024 and is projected to grow to USD 85 billion by 2027.

AI Analysis | Feedback

Here are 3-5 expected drivers of future revenue growth for Rapid7 (RPD) over the next 2-3 years:

  1. Continued Growth in Managed Detection and Response (MDR) Offerings: Rapid7 expects continued momentum in its Managed Detection and Response (MDR) offerings. The MDR segment comprises over 50% of the company's ending Annual Recurring Revenue (ARR) and has shown high-single-digit growth. Rapid7 is also expanding its MDR coverage, including integrating Microsoft security telemetry, to enhance threat detection and remediation without requiring additional infrastructure.
  2. Expansion and Adoption of the Exposure Command Platform: The Exposure Command platform is identified as a source of encouraging growth and is expected to drive future revenue. This platform has contributed to over 20% year-over-year growth in risk and exposure management pipeline generation, and management views scaling its AI-enabled exposure management solutions as central to future growth.
  3. Strategic Investments in AI-Enabled Security Operations: Rapid7 is making strategic investments in artificial intelligence (AI) and machine learning capabilities to enhance its security offerings. The company anticipates that the acceleration of AI-driven service adoption will be a key factor in its future performance, as enterprises increasingly seek comprehensive and automated security solutions.
  4. Customer Consolidation on the Insight Platform: Rapid7 aims to deepen customer engagement and solidify its position as the security operations platform of choice. The company notes that customers are consolidating their security operations onto its Insight platform due to its effectiveness and strong value proposition, which helps them manage and secure their environments more efficiently.
  5. Enhanced Partner Ecosystem and Go-to-Market Execution: Rapid7 has been working to scale its partner ecosystem, with a significant portion of new ARR being booked through its channel partners. The company is also implementing go-to-market organizational changes and a unified sales approach, which are intended to drive improved growth and customer retention.

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Rapid7 (RPD) has made various capital allocation decisions over the last 3-5 years, reflecting strategic investments in its growth and operations.

Share Repurchases

Rapid7's 5-Year Share Buyback Ratio as of December 2025 was -4.30%, indicating a net share issuance rather than significant repurchases over that period.

Share Issuance

In March 2021, Rapid7 priced $525.0 million in 0.25% convertible senior notes due 2027. Approximately $183.0 million of the net proceeds from this offering, along with the issuance of about 2.2 million shares, were used to repurchase approximately $182.6 million of its outstanding 1.25% Convertible Senior Notes due 2023. Additionally, about $66.5 million of the net proceeds were allocated to capped call transactions. On November 15, 2025, Rapid7's CEO had 12,969 shares withheld to cover tax obligations related to the vesting of restricted stock units.

Outbound Investments

For the full year 2025, Rapid7 reported $5.5 million in the purchase of strategic equity investments. Rapid7's Change in Acquisitions & Divestments for Q3 2025 was $107.0 million, with a 5-year average of $47.3 million. In January 2026, Rapid7 announced a partnership with ARMO to enhance cloud and application runtime security for its Command platform.

Capital Expenditures

Rapid7's capital expenditures for the full fiscal year 2025 amounted to $7.60 million. The company's strategic focus for investments in 2025 included driving innovation, scaling execution, securing customer attack surfaces, and enhancing AI-enabled security operations. Ongoing investments were made in AI, machine learning, and managed AI SOC, alongside expanding Managed Detection and Response (MDR) coverage and integrating with third-party alerts, including Microsoft.

Better Bets vs. Rapid7 (RPD)

Trade Ideas

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3.5%3.5%0.0%
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Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap
-70.0%-73.4%-74.6%
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-28.8%-78.6%-79.0%

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

RPDPANWCRWDTENBQLYSFTNTMedian
NameRapid7 Palo Alt.CrowdStr.Tenable Qualys Fortinet  
Mkt Price5.05166.99394.6816.4176.6880.6678.67
Mkt Cap0.3117.699.72.02.759.931.3
Rev LTM8609,8934,8129996696,8002,906
Op Inc LTM121,422-293-62222,085117
FCF LTM1303,5661,2412503042,226773
FCF 3Y Avg1233,1401,0791992571,945668
CFO LTM1543,9741,6122673092,591961
CFO 3Y Avg1433,3821,3872112662,261826

Growth & Margins

RPDPANWCRWDTENBQLYSFTNTMedian
NameRapid7 Palo Alt.CrowdStr.Tenable Qualys Fortinet  
Rev Chg LTM1.9%15.4%21.7%11.0%10.1%14.2%12.6%
Rev Chg 3Y Avg8.0%17.2%29.1%13.5%11.0%15.5%14.5%
Rev Chg Q0.5%14.9%23.3%10.5%10.1%14.8%12.6%
QoQ Delta Rev Chg LTM0.1%3.5%5.4%2.5%2.5%3.7%3.0%
Op Mgn LTM1.3%14.4%-6.1%-0.6%33.2%30.7%7.9%
Op Mgn 3Y Avg0.5%11.1%-3.2%-2.2%31.1%28.1%5.8%
QoQ Delta Op Mgn LTM-0.6%1.1%2.4%-0.1%0.6%-0.4%0.3%
CFO/Rev LTM17.9%40.2%33.5%26.7%46.2%38.1%35.8%
CFO/Rev 3Y Avg17.2%39.0%35.5%23.2%43.5%37.5%36.5%
FCF/Rev LTM15.1%36.0%25.8%25.0%45.5%32.7%29.3%
FCF/Rev 3Y Avg14.7%36.4%27.7%21.9%42.1%32.3%30.0%

Valuation

RPDPANWCRWDTENBQLYSFTNTMedian
NameRapid7 Palo Alt.CrowdStr.Tenable Qualys Fortinet  
Mkt Cap0.3117.699.72.02.759.931.3
P/S0.411.920.72.04.18.86.5
P/EBIT8.263.1-1,007.3355.812.426.019.2
P/E14.291.7-613.5-54.013.832.314.0
P/CFO2.229.661.87.38.923.116.0
Total Yield7.0%1.1%-0.2%-1.9%7.2%3.1%2.1%
Dividend Yield0.0%0.0%0.0%0.0%0.0%0.0%0.0%
FCF Yield 3Y Avg7.2%2.8%1.3%5.3%4.7%3.4%4.1%
D/E2.90.00.00.20.00.00.0
Net D/E1.5-0.0-0.00.0-0.1-0.0-0.0

Returns

RPDPANWCRWDTENBQLYSFTNTMedian
NameRapid7 Palo Alt.CrowdStr.Tenable Qualys Fortinet  
1M Rtn-22.3%0.9%-9.5%-20.7%-19.6%-4.2%-14.6%
3M Rtn-64.5%-12.5%-14.9%-30.3%-42.5%3.3%-22.6%
6M Rtn-73.9%-22.4%-22.5%-44.6%-40.9%-6.4%-31.7%
12M Rtn-79.6%-3.5%4.4%-51.7%-39.0%-19.3%-29.1%
3Y Rtn-89.1%73.4%208.1%-64.0%-39.7%20.5%-9.6%
1M Excs Rtn-22.9%0.2%-10.2%-21.3%-20.2%-4.8%-15.2%
3M Excs Rtn-64.0%-12.5%-16.2%-29.9%-40.5%2.2%-23.1%
6M Excs Rtn-73.2%-22.5%-20.2%-45.4%-41.6%-6.7%-32.0%
12M Excs Rtn-113.1%-25.3%-13.1%-83.3%-69.3%-43.2%-56.2%
3Y Excs Rtn-154.2%4.6%123.6%-129.7%-105.2%-43.8%-74.5%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Product subscriptions740643493372221
Professional services3838352929
Other 4812
Perpetual software licenses   10 
Maintenance and support    37
Term and perpetual software licenses    39
Total778685535411327


Price Behavior

Price Behavior
Market Price$5.05 
Market Cap ($ Bil)0.3 
First Trading Date07/17/2015 
Distance from 52W High-81.1% 
   50 Days200 Days
DMA Price$7.28$15.57
DMA Trenddowndown
Distance from DMA-30.7%-67.6%
 3M1YR
Volatility83.2%58.8%
Downside Capture2.121.33
Upside Capture-155.11-7.77
Correlation (SPY)3.4%28.3%
RPD Betas & Captures as of 3/31/2026

 1M2M3M6M1Y3Y
Beta-1.44-0.080.160.611.031.13
Up Beta-4.050.090.971.601.081.11
Down Beta0.10-2.15-1.44-0.170.981.22
Up Capture-313%-156%-144%-67%1%24%
Bmk +ve Days7162765139424
Stock +ve Days12192559116351
Down Capture-70%255%260%182%145%110%
Bmk -ve Days12233358110323
Stock -ve Days9213665133395

[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 RPD
RPD-78.3%59.3%-2.34-
Sector ETF (XLK)55.8%25.4%1.7025.4%
Equity (SPY)29.1%17.4%1.3629.7%
Gold (GLD)61.3%27.8%1.72-13.9%
Commodities (DBC)26.9%16.7%1.41-0.4%
Real Estate (VNQ)17.7%15.4%0.8619.3%
Bitcoin (BTCUSD)-10.9%43.9%-0.1422.1%

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 RPD
RPD-42.0%52.0%-0.85-
Sector ETF (XLK)16.8%24.7%0.6143.5%
Equity (SPY)11.4%17.0%0.5244.4%
Gold (GLD)22.2%17.8%1.020.1%
Commodities (DBC)11.5%18.8%0.508.1%
Real Estate (VNQ)3.7%18.8%0.1035.1%
Bitcoin (BTCUSD)3.6%56.5%0.2920.3%

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 RPD
RPD-9.0%48.6%-0.01-
Sector ETF (XLK)21.7%24.3%0.8248.6%
Equity (SPY)13.9%17.9%0.6746.9%
Gold (GLD)14.1%15.9%0.741.9%
Commodities (DBC)8.5%17.6%0.4012.9%
Real Estate (VNQ)5.1%20.7%0.2134.4%
Bitcoin (BTCUSD)67.1%66.9%1.0613.7%

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

Short Interest

Short Interest: As Of Date3132026
Short Interest: Shares Quantity6.5 Mil
Short Interest: % Change Since 22820268.0%
Average Daily Volume1.8 Mil
Days-to-Cover Short Interest3.7 days
Basic Shares Quantity65.7 Mil
Short % of Basic Shares9.9%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
2/10/2026-29.0%-31.3%-33.2%
11/4/2025-19.9%-20.3%-10.3%
8/7/2025-9.8%5.7%3.9%
5/12/2025-8.2%-13.5%-10.2%
2/12/2025-5.4%-11.2%-23.9%
11/6/2024-0.8%0.2%4.5%
8/6/20249.9%10.4%9.6%
5/7/2024-17.0%-16.8%-21.4%
...
SUMMARY STATS   
# Positive91212
# Negative151212
Median Positive3.6%5.6%5.3%
Median Negative-6.0%-12.3%-18.9%
Max Positive15.6%22.9%23.5%
Max Negative-29.0%-32.3%-33.2%

SEC Filings

Expand for More
Report DateFiling DateFiling
12/31/202502/19/202610-K
09/30/202511/05/202510-Q
06/30/202508/08/202510-Q
03/31/202505/12/202510-Q
12/31/202402/28/202510-K
09/30/202411/07/202410-Q
06/30/202408/07/202410-Q
03/31/202405/08/202410-Q
12/31/202302/26/202410-K
09/30/202311/06/202310-Q
06/30/202308/09/202310-Q
03/31/202305/10/202310-Q
12/31/202202/24/202310-K
09/30/202211/03/202210-Q
06/30/202208/04/202210-Q
03/31/202205/05/202210-Q

Insider Activity

Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Jana, Partners Management, LpSee footnoteBuy1204202515.7141,545652,672106,201,941Form
2Schodorf, Thomas E DirectBuy1126202515.706,30098,910540,708Form
3Brown, Marc Evan DirectBuy1125202515.213,00045,630789,125Form
4Murphy, Scott MChief Accounting OfficerDirectSell1125202513.971,37019,139342,014Form
5Jana, Partners Management, LpSee footnoteBuy1125202514.13150,0002,119,50094,227,375Form

Industry Resources

Technology Hardware, Storage & Peripherals Resources
The Verge
TechRadar
Tom’s Hardware
PCMag
CNET