Rubrik (RBRK)


Market Price (8/27/2026): $96.7 | Market Cap: $19.7 BilSector: Information Technology | Industry: Systems Software

Rubrik (RBRK)


Market Price (8/27/2026): $96.7
Market Cap: $19.7 Bil
Sector: Information Technology
Industry: Systems Software

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

0

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 46%

Attractive cash flow generation
CFO/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 drivers
Megatrends include Cybersecurity, and Cloud Computing. Themes include Cloud Security, Software Security, Show more.

Not profitable at operating income level
Op 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 compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 23%

Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 84%

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 -5.8%

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.

0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 46%
1 Attractive cash flow generation
CFO/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%
2 Megatrend and thematic drivers
Megatrends include Cybersecurity, and Cloud Computing. Themes include Cloud Security, Software Security, Show more.
3 Not profitable at operating income level
Op 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%
4 Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 23%
5 Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 84%
6 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 -5.8%
7 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.

RBRK in ETFs

Weight = RBRK's share of each fund

VTI0.02%
ITOT0.02%
IWB0.02%
VB0.13%
ARKW1.8%
IGV0.54%
SCHM0.29%
IWP0.29%
+14 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 8/26/2026

Rubrik (RBRK) stock has gained about 80% since 4/30/2026 because of the following key factors:

1. Robust Fiscal Q1 2027 Performance Surpassed Expectations. Rubrik announced its first quarter fiscal year 2027 (ended April 30, 2026) financial results on June 4, 2026, which significantly exceeded all guided metrics. The company reported $0.16 Earnings Per Share (EPS), substantially beating analysts' consensus estimates of a ($0.03) loss per share. Total revenue for the quarter grew 39% year-over-year to $387.1 million, surpassing analyst expectations of $366.31 million. This strong performance and a raised outlook for fiscal year 2027 fueled investor confidence.

2. Strong Growth in Subscription Annual Recurring Revenue (ARR). A key driver was the continued robust growth in Rubrik's subscription Annual Recurring Revenue (ARR), which increased by 32% year-over-year to $1.57 billion in fiscal Q1 2027. This consistent growth in high-value, recurring revenue streams demonstrated strong customer adoption and the effectiveness of Rubrik's subscription-based offerings, contributing to positive market sentiment.

Show more
Updated on 8/26/2026

Rubrik (RBRK) stock has gained about 80% since 4/30/2026 because of the following key factors:

1. Robust Fiscal Q1 2027 Performance Surpassed Expectations. Rubrik announced its first quarter fiscal year 2027 (ended April 30, 2026) financial results on June 4, 2026, which significantly exceeded all guided metrics. The company reported $0.16 Earnings Per Share (EPS), substantially beating analysts' consensus estimates of a ($0.03) loss per share. Total revenue for the quarter grew 39% year-over-year to $387.1 million, surpassing analyst expectations of $366.31 million. This strong performance and a raised outlook for fiscal year 2027 fueled investor confidence.

2. Strong Growth in Subscription Annual Recurring Revenue (ARR). A key driver was the continued robust growth in Rubrik's subscription Annual Recurring Revenue (ARR), which increased by 32% year-over-year to $1.57 billion in fiscal Q1 2027. This consistent growth in high-value, recurring revenue streams demonstrated strong customer adoption and the effectiveness of Rubrik's subscription-based offerings, contributing to positive market sentiment.

3. Heightened Analyst Optimism and Price Target Increases. Following the strong earnings report and continued positive business developments, multiple equity research analysts raised their price targets and reaffirmed "Buy" or "Outperform" ratings on Rubrik's stock throughout the specified period. For example, Mizuho increased its price target to $112 from $90 on August 19, 2026, and Wells Fargo & Company raised its target to $120 from $90. This collective analyst confidence contributed to the stock's upward trajectory, with a consensus price target reaching approximately $103 to $104.56.

4. Strategic Positioning and Innovation in AI and Cyber Resilience. Rubrik's strategic focus on "agentic cyber resilience" and its positioning as a "Security and AI Operations company" resonated strongly with the market, especially given the growing demand for AI-driven security solutions. Significant announcements such as the launch of Enterprise Resilience as a Service with Wipro and Rubrik Agent Identity in early August 2026, aimed at strengthening cyber and operational resilience for autonomous AI agents, underscored the company's innovation and relevance in a critical and expanding market. The recognition as a Leader in the 2026 Gartner® Magic Quadrant™ for Enterprise Backup and Recovery Software Solutions for the seventh consecutive year further validated its market position.

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Stock Movement Drivers

Fundamental Drivers

The 80.8% change in RBRK stock from 4/30/2026 to 8/26/2026 was primarily driven by a 69.3% change in the company's P/S Multiple.
(LTM values as of)43020268262026Change
Stock Price ($)53.1896.1380.8%
Change Contribution By: 
Total Revenues ($ Mil)1,3161,4258.3%
P/S Multiple8.113.769.3%
Shares Outstanding (Mil)201204-1.4%
Cumulative Contribution80.8%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 8/26/2026
ReturnCorrelation
RBRK80.8% 
Market (SPY)6.6%27.1%
Sector (XLK)14.6%30.3%

Fundamental Drivers

The 71.8% change in RBRK stock from 1/31/2026 to 8/26/2026 was primarily driven by a 48.1% change in the company's P/S Multiple.
(LTM values as of)13120268262026Change
Stock Price ($)55.9596.1371.8%
Change Contribution By: 
Total Revenues ($ Mil)1,1971,42519.1%
P/S Multiple9.313.748.1%
Shares Outstanding (Mil)198204-2.6%
Cumulative Contribution71.8%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 8/26/2026
ReturnCorrelation
RBRK71.8% 
Market (SPY)11.0%31.7%
Sector (XLK)27.2%36.2%

Fundamental Drivers

The 1.2% change in RBRK stock from 7/31/2025 to 8/26/2026 was primarily driven by a 45.7% change in the company's Total Revenues ($ Mil).
(LTM values as of)73120258262026Change
Stock Price ($)94.9596.131.2%
Change Contribution By: 
Total Revenues ($ Mil)9781,42545.7%
P/S Multiple18.613.7-26.2%
Shares Outstanding (Mil)192204-5.9%
Cumulative Contribution1.2%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2025 to 8/26/2026
ReturnCorrelation
RBRK1.2% 
Market (SPY)22.2%33.2%
Sector (XLK)39.7%37.6%

Fundamental Drivers

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Market Drivers

7/31/2023 to 8/26/2026
ReturnCorrelation
RBRK  
Market (SPY)73.3%44.0%
Sector (XLK)108.9%45.2%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
RBRK Return---77%17%21%150%
Peers Return38%-17%61%48%6%82%429%
S&P 500 Return27%-19%24%23%16%12%104%

Monthly Win Rates [3]
RBRK Win Rate---56%42%50% 
Peers Win Rate73%40%58%68%55%62% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
RBRK Max Drawdown-----34%-43% 
Peers Max Drawdown-18%-32%-16%-27%-34%-29% 
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 8/26/2026 (YTD)

How Low Can It Go

EventRBRKS&P 500
2025 US Tariff Shock
  % Loss-30.2%-18.8%
  % Gain to Breakeven43.3%23.1%
  Time to Breakeven31 days79 days

Compare to CVLT, DELL, NTAP, IBM, PANW

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.

EventRBRKS&P 500
2025 US Tariff Shock
  % Loss-30.2%-18.8%
  % Gain to Breakeven43.3%23.1%
  Time to Breakeven31 days79 days

Compare to CVLT, DELL, NTAP, IBM, PANW

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.

AI Analysis | Feedback

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.

AI Analysis | Feedback

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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)

  1. 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.
  2. 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.
  3. 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.

Peer Outperformance in Systems Software

null
Share of Systems Software constituents that RBRK has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
67%
of 86 industry peers · 12.9% return
3Y
insufficient peer history
5Y
insufficient peer history
null
Median price return by industry across the Information Technology sector, ranked by 5Y. Systems Software is RBRK's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Electronic Manufacturing Services 9 60.9%202.9%332.0% TTMI 762% · FLEX 713% · JBL 409%
Semiconductor Materials & Equipment 27 140.9%76.3%102.3% AEHR 1112% · AXTI 599% · KLAC 463%
Technology Distributors 9 26.7%58.8%68.8% CLMB 327% · AVT 149% · SNX 111%
Electronic Components 26 54.7%60.2%51.9% CLS 3128% · BELFA 1299% · LPTH 491%
Communications Equipment 35 30.2%85.7%37.3% AAOI 1458% · LITE 980% · ANET 768%
Semiconductors 54 29.9%31.4%26.6% POET 1884% · MU 1200% · NVDA 829%
Technology Hardware, Storage & Peripherals 22 35.0%85.7%21.8% STX 1038% · SMCI 946% · DELL 945%
Internet Services & Infrastructure 6 17.8%39.3%12.6% DOCN 92% · VRSN 39% · GDDY 29%
Electronic Equipment & Instruments 27 -7.3%10.9%-5.4% PI 166% · ACFN 144% · OSIS 114%
IT Consulting & Other Services 28 -26.0%-6.4%-21.0% CHRN 556479% · APLD 988% · TSSI 674%
Application Software 123 -19.8%-12.0%-45.7% VIDA 263900% · INLX 5061% · PLTR 590%
Systems Software ← 69 -9.2%11.7%-55.4% QNC 713% · PAYS 425% · PANW 341%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

RBRKCVLTDELLNTAPIBMPANWMedian
NameRubrik CommVaul.Dell Tec.NetApp Internat.Palo Alt. 
Mkt Price96.13134.31463.82193.85229.87339.31211.86
Mkt Cap19.65.6301.038.6216.4271.8127.5
Rev LTM1,4251,216134,0026,92569,09710,6068,766
Op Inc LTM-30510910,8481,69512,7051,0201,357
FCF LTM2782589,4421,86913,1443,7942,831
FCF 3Y Avg1112186,1281,57912,2953,2692,424
CFO LTM32526512,4702,06714,8884,2173,142
CFO 3Y Avg1422238,8951,75313,9743,5282,640

Growth & Margins

RBRKCVLTDELLNTAPIBMPANWMedian
NameRubrik CommVaul.Dell Tec.NetApp Internat.Palo Alt. 
Rev Chg LTM45.7%15.5%38.6%5.4%7.9%19.5%17.5%
Rev Chg 3Y Avg-15.8%12.9%2.9%4.5%17.8%12.9%
Rev Chg Q39.0%11.4%87.5%12.5%1.1%31.1%21.8%
QoQ Delta Rev Chg LTM8.3%2.7%18.0%3.2%0.3%7.2%5.2%
Op Inc Chg LTM39.3%20.5%63.1%18.9%16.3%3.6%19.7%
Op Inc Chg 3Y Avg-21.3%29.1%13.6%13.3%137.6%21.3%
Op Mgn LTM-21.4%9.0%8.1%24.5%18.4%9.6%9.3%
Op Mgn 3Y Avg-70.7%9.1%7.2%22.1%17.0%9.9%9.5%
QoQ Delta Op Mgn LTM4.8%0.0%0.8%1.3%-0.4%-4.8%0.4%
CFO/Rev LTM22.8%21.8%9.3%29.8%21.5%39.8%22.3%
CFO/Rev 3Y Avg10.8%21.5%8.2%26.5%21.4%38.8%21.5%
FCF/Rev LTM19.5%21.3%7.0%27.0%19.0%35.8%20.4%
FCF/Rev 3Y Avg7.8%21.0%5.6%23.9%18.9%36.1%19.9%

Valuation

RBRKCVLTDELLNTAPIBMPANWMedian
NameRubrik CommVaul.Dell Tec.NetApp Internat.Palo Alt. 
Mkt Cap19.65.6301.038.6216.4271.8127.5
P/S13.74.62.25.63.125.65.1
P/Op Inc-64.251.027.722.817.0266.525.3
P/EBIT-77.054.225.622.017.5194.723.8
P/E-67.881.335.830.220.2322.433.0
P/CFO60.321.024.118.714.564.522.6
Total Yield-1.5%1.2%3.3%4.4%7.9%0.3%2.3%
Dividend Yield0.0%0.0%0.5%1.1%2.9%0.0%0.3%
FCF Yield 3Y Avg0.1%3.6%4.4%6.0%5.6%2.1%4.0%
D/E0.10.20.10.10.30.00.1
Net D/E-0.0-0.00.1-0.00.3-0.0-0.0

Returns

RBRKCVLTDELLNTAPIBMPANWMedian
NameRubrik CommVaul.Dell Tec.NetApp Internat.Palo Alt. 
1M Rtn28.5%-10.1%8.6%14.2%7.0%6.9%7.8%
3M Rtn46.1%25.2%52.2%36.2%-9.3%36.6%36.4%
6M Rtn84.3%55.2%277.4%91.8%-1.8%134.3%88.1%
12M Rtn12.9%-24.4%258.6%80.3%-2.8%84.2%46.6%
3Y Rtn159.8%96.8%765.8%175.1%73.5%194.1%167.4%
1M Excs Rtn31.2%8.6%15.0%7.7%-1.6%3.0%8.2%
3M Excs Rtn44.0%23.2%50.1%34.2%-11.3%34.5%34.3%
6M Excs Rtn73.8%44.7%266.9%81.3%-12.3%123.8%77.6%
12M Excs Rtn-9.8%-43.5%239.3%58.5%-20.7%64.7%24.4%
3Y Excs Rtn85.4%22.0%693.8%94.3%2.8%107.4%89.9%

Financials

Segment Financials

Revenue by Segment
$ Mil20262025202420232022
Software and services1,316887628600 
Maintenance    91
Other    155
Subscription    261
Total1,316887628600506


Net Income by Segment
$ Mil2026202520242023
Software and services-349-1,155-354-278
Total-349-1,155-354-278


Price Behavior

Price Behavior
Market Price$96.13 
Market Cap ($ Bil)19.6 
First Trading Date04/25/2024 
Distance from 52W High-8.5% 
   50 Days200 Days
DMA Price$83.28$68.08
DMA Trendupup
Distance from DMA15.4%41.2%
 3M1YR
Volatility64.7%64.4%
Downside Capture28.07186.25
Upside Capture203.92161.92
Correlation (SPY)29.8%30.8%
RBRK Betas & Captures as of 7/31/2026

 1M2M3M6M1Y3Y
Beta0.390.730.871.261.560.11
Up Beta1.232.371.601.101.260.09
Down Beta0.050.530.550.811.240.09
Up Capture-59%0%148%179%169%216%
Bmk +ve Days11223567138427
Stock +ve Days9213465122295
Down Capture99%54%6%122%154%105%
Bmk -ve Days11212859114326
Stock -ve Days13222960129269

[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
RBRK9.5%64.4%0.39-
Sector ETF (XLK)40.4%26.0%1.2736.1%
Equity (SPY)20.3%12.8%1.1830.7%
Gold (GLD)36.2%28.8%1.064.9%
Commodities (DBC)37.6%20.3%1.460.4%
Real Estate (VNQ)11.8%13.6%0.57-1.1%
Bitcoin (BTCUSD)-28.6%43.6%-0.6518.8%

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
RBRK19.9%63.8%0.86-
Sector ETF (XLK)20.0%25.9%0.6945.4%
Equity (SPY)13.2%17.2%0.5944.3%
Gold (GLD)20.3%18.7%0.899.0%
Commodities (DBC)10.4%19.6%0.4110.1%
Real Estate (VNQ)2.5%18.9%0.0315.0%
Bitcoin (BTCUSD)12.0%52.7%0.4121.5%

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
RBRK9.5%63.8%0.86-
Sector ETF (XLK)24.1%25.0%0.8845.4%
Equity (SPY)15.2%17.9%0.7244.3%
Gold (GLD)12.6%16.3%0.649.0%
Commodities (DBC)7.4%18.0%0.3310.1%
Real Estate (VNQ)5.1%20.7%0.2115.0%
Bitcoin (BTCUSD)63.5%66.1%1.0321.5%

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

Short Interest

Short Interest: As Of Date8142026
Short Interest: Shares Quantity15.0 Mil
Short Interest: % Change Since 731202617.3%
Average Daily Volume3.6 Mil
Days-to-Cover Short Interest4.2 days
Basic Shares Quantity203.7 Mil
Short % of Basic Shares7.4%

Earnings Returns History

Updated 8/27/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
6/4/2026-4.7%-7.2%13.0%
3/12/2026-1.1%-5.7%-10.0%
12/4/202522.5%23.6%9.1%
9/9/2025-18.1%-23.9%-14.5%
6/5/2025-0.7%-10.0%-7.1%
3/13/202527.8%27.0%6.7%
12/5/202420.4%38.3%19.9%
9/9/2024-1.5%-2.1%8.0%
...
SUMMARY STATS   
# Positive335
# Negative664
Median Positive22.5%27.0%9.1%
Median Negative-3.1%-8.6%-8.5%
Max Positive27.8%38.3%19.9%
Max Negative-18.1%-23.9%-14.5%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
6/4/2026-4.7%-7.2%13.0%
3/12/2026-1.1%-5.7%-10.0%
12/4/202522.5%23.6%9.1%
9/9/2025-18.1%-23.9%-14.5%
6/5/2025-0.7%-10.0%-7.1%
3/13/202527.8%27.0%6.7%
12/5/202420.4%38.3%19.9%
9/9/2024-1.5%-2.1%8.0%
6/11/2024-8.9%-13.1%-4.0%
SUMMARY STATS   
# Positive335
# Negative664
Median Positive22.5%27.0%9.1%
Median Negative-3.1%-8.6%-8.5%
Max Positive27.8%38.3%19.9%
Max Negative-18.1%-23.9%-14.5%

SEC Filings

Expand for More
Report DateFiling DateFiling
04/30/202606/05/202610-Q
01/31/202603/19/202610-K
10/31/202512/08/202510-Q
07/31/202509/10/202510-Q
04/30/202506/09/202510-Q
01/31/202503/20/202510-K
10/31/202412/12/202410-Q
07/31/202409/12/202410-Q
04/30/202406/13/202410-Q
01/31/202404/26/2024424B4
07/31/202302/05/2024DRS/A
01/31/202203/03/2023DRS/A
Collapse to Preview
Report DateFiling DateFiling
04/30/202606/05/202610-Q
01/31/202603/19/202610-K
10/31/202512/08/202510-Q
07/31/202509/10/202510-Q
04/30/202506/09/202510-Q
01/31/202503/20/202510-K
10/31/202412/12/202410-Q
07/31/202409/12/202410-Q
04/30/202406/13/202410-Q
01/31/202404/26/2024424B4
07/31/202302/05/2024DRS/A
01/31/202203/03/2023DRS/A

Recent Forward Guidance

Updated 8/27/2026

Latest: Q2 2027 Earnings Reported 8/27/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q3 2027 Revenue429.00 Mil430.00 Mil431.00 Mil8.6% Higher NewGuidance: 396.00 Mil for Q2 2027
Q3 2027 Non-GAAP subscription ARR contribution margin 14.0%  2.5%Higher NewGuidance: 11.5% for Q2 2027
Q3 2027 Non-GAAP net income per share0.070.080.09 4.0%Higher NewGuidance: 0.04 for Q2 2027
2027 Subscription ARR1.88 Bil1.88 Bil1.89 Bil1.3% RaisedGuidance: 1.86 Bil for 2027
2027 Revenue1.69 Bil1.69 Bil1.69 Bil2.8% RaisedGuidance: 1.64 Bil for 2027
2027 Non-GAAP subscription ARR contribution margin 15.5%  1.5%RaisedGuidance: 14.0% for 2027
2027 Non-GAAP net income per share0.470.50.5366.7% RaisedGuidance: 0.3 for 2027
2027 Free cash flow323.00 Mil328.00 Mil333.00 Mil10.1% RaisedGuidance: 298.00 Mil for 2027

null

Insider Activity

Updated 8/25/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Choudary, Kiran KumarChief Financial OfficerDirectSell825202698.3210,000983,18896,162,964Form
2Wassenaar, YvonneDirectSell804202675.0072154,075293,775Form
3Thompson, John WendellJohn and Sandra Thompson TrustSell804202674.112,500185,275741,100Form
4Thompson, John WendellDirectSell804202674.1011,000815,133619,649Form
5Choudary, Kiran KumarChief Financial OfficerDirectSell716202681.7328,0002,288,37480,425,967Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Choudary, Kiran KumarChief Financial OfficerDirectSell825202698.3210,000983,18896,162,964Form
2Wassenaar, YvonneDirectSell804202675.0072154,075293,775Form
3Thompson, John WendellJohn and Sandra Thompson TrustSell804202674.112,500185,275741,100Form
4Thompson, John WendellDirectSell804202674.1011,000815,133619,649Form
5Choudary, Kiran KumarChief Financial OfficerDirectSell716202681.7328,0002,288,37480,425,967Form
6Mhatre, RaviLightspeed Management Company, L.L.C.Sell714202683.103,979  Form
7Nithrakashyap, ArvindChief Technology OfficerDirectSell708202684.5812,8201,084,27325,678,401Form
8Nithrakashyap, ArvindChief Technology OfficerDirectSell708202687.5912,8201,122,84826,591,965Form
9Nithrakashyap, ArvindChief Technology OfficerDirectSell708202687.7812,8201,125,30126,650,058Form
10Wassenaar, YvonneDirectSell701202681.5772158,812378,322Form
11Thompson, John WendellJohn and Sandra Thompson TrustSell701202682.752,500206,8751,034,375Form
12Thompson, John WendellDirectSell701202682.6511,000909,163691,129Form
13Mhatre, RaviLightspeed Management Company, L.L.C.Sell626202671.493,979  Form
14Wassenaar, YvonneDirectSell624202675.0067650,700401,925Form
15Wassenaar, YvonneDirectSell603202680.7372158,206187,778Form
16Nithrakashyap, ArvindChief Technology OfficerDirectSell603202678.8912,8201,011,40824,776,187Form
17Nithrakashyap, ArvindChief Technology OfficerDirectSell603202682.1612,8201,053,35325,803,710Form
18Thompson, John WendellJohn and Sandra Thompson TrustSell603202684.512,500211,2701,267,620Form
19Thompson, John WendellDirectSell603202684.5511,000930,019393,398Form
20Nithrakashyap, ArvindChief Technology OfficerDirectSell603202684.28199,44716,808,91526,467,212Form
21Wassenaar, YvonneDirectSell601202675.002,838212,850174,450Form
22Thompson, John WendellJohn and Sandra Thompson TrustSell504202655.512,500138,780971,460Form
23Thompson, John WendellDirectSell504202655.4811,000610,298258,156Form
24Choudary, Kiran KumarChief Financial OfficerDirectSell408202651.6920,0001,033,73328,422,541Form
25McLaughlin, Mark DDirectBuy401202647.2110,638502,220643,897Form
26Choudary, Kiran KumarChief Financial OfficerDirectSell326202648.20122,6135,909,41927,225,799Form
27Nithrakashyap, ArvindChief Technology OfficerDirectSell326202648.2028,9671,396,08516,804,298Form
28Thompson, John WendellJohn and Sandra Thompson TrustSell303202653.552,500133,8781,204,902Form
29Thompson, John WendellDirectSell303202653.6211,000589,766249,471Form
30Choudary, Kiran KumarChief Financial OfficerDirectSell219202654.1720,0001,083,44525,729,597Form
31Thompson, John WendellJohn and Sandra Thompson TrustSell203202655.302,500138,2581,437,773Form
32Thompson, John WendellDirectSell203202655.2911,000608,203202,089Form
33Choudary, Kiran KumarChief Financial OfficerDirectSell116202667.6620,0001,353,22633,151,269Form
34Nithrakashyap, ArvindChief Technology OfficerDirectSell116202670.404,648327,21923,725,504Form
35Nithrakashyap, ArvindChief Technology OfficerDirectSell116202670.051,04573,20223,933,143Form
36McCarthy, Brian KPres.,Global Sales & Field OpsDirectSell113202670.8810,000708,84923,446,746Form
37Thompson, John WendellJohn and Sandra Thompson TrustSell106202673.872,500184,66373,717Form
38Thompson, John WendellDirectSell106202673.8411,000812,241199,516Form
39Choudary, Kiran KumarChief Financial OfficerDirectSell1223202579.253,500277,38940,138,902Form
40McCarthy, Brian KPres.,Global Sales & Field OpsDirectSell1218202576.184,797365,45525,961,393Form
41Choudary, Kiran KumarChief Financial OfficerDirectSell1218202576.186,779516,45238,698,411Form
42Nithrakashyap, ArvindChief Technology OfficerDirectSell1218202576.1931,4502,396,17626,110,542Form
43Mhatre, RaviLightspeed Venture Partners X, L.P.Sell1215202581.82101,659  Form
44McCarthy, Brian KPres.,Global Sales & Field OpsDirectSell1210202590.8310,000908,31830,820,956Form
45Choudary, Kiran KumarChief Financial OfficerDirectSell1210202591.463,500320,11046,420,614Form
46Thompson, John WendellJohn and Sandra Thompson TrustSell1202202568.759,009619,34568,610Form
47Choudary, Kiran KumarChief Financial OfficerDirectSell1120202569.463,500243,12135,360,282Form
48McCarthy, Brian KPres.,Global Sales & Field OpsDirectSell1112202575.9010,000758,95426,511,714Form
49Choudary, Kiran KumarChief Financial OfficerDirectSell1106202572.293,500253,01536,907,732Form
50Thompson, John WendellJohn and Sandra Thompson TrustSell1104202575.459,009679,72175,298Form
51Choudary, Kiran KumarChief Financial OfficerDirectSell1016202579.783,500279,23640,852,307Form
52McCarthy, Brian KPres.,Global Sales & Field OpsDirectSell1014202583.0310,000830,33429,835,481Form
53Choudary, Kiran KumarChief Financial OfficerDirectSell1002202582.683,500289,37042,458,900Form
54Thompson, John WendellJohn and Sandra Thompson TrustSell1002202582.769,009745,60782,597Form
55Choudary, Kiran KumarChief Financial OfficerDirectSell918202574.823,500261,87038,508,657Form
56McCarthy, Brian KChief Revenue OfficerDirectSell918202574.214,670346,56130,250,371Form
57Nithrakashyap, ArvindChief Technology OfficerDirectSell918202574.2140,1702,981,01624,751,113Form
58Choudary, Kiran KumarChief Financial OfficerDirectSell918202574.216,599489,71238,306,015Form
59Sinha, BipulChairman of the Board and CEODirectSell912202575.63615,80746,573,48315,629,091Form
60Choudary, Kiran KumarChief Financial OfficerDirectSell904202588.263,500308,91045,506,415Form
61Thompson, John WendellJohn and Sandra Thompson TrustSell904202587.839,009791,26787,655Form
62McCarthy, Brian KChief Revenue OfficerDirectSell904202587.8412,5001,098,00835,667,884Form
63Choudary, Kiran KumarChief Financial OfficerDirectSell821202582.933,500290,25542,882,688Form
64Choudary, Kiran KumarChief Financial OfficerDirectSell807202588.373,500309,29545,828,240Form
65Thompson, John WendellJohn and Sandra Thompson TrustSell804202587.299,009786,36987,112Form
66McCarthy, Brian KChief Revenue OfficerDirectSell804202587.2912,5001,091,10336,534,654Form

Investor Activity (13F)

Updated Aug 27, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active 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.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Greenvale Capital LLP$49.9 Mil5.5%12New13F
PointState Capital LP$178.6 Mil4.1%44ADD +73.6%13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Greenvale Capital LLP$49.9 Mil5.5%12New13F
PointState Capital LP$178.6 Mil4.1%44ADD +73.6%13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Alta Park Capital, LP$18.9 Mil2.3%34Exited13F
Melqart Asset Management (UK) Ltd$6.4 Mil0.6%44Exited13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
PointState Capital LP$178.6 Mil4.1%44ADD +73.6%13F
Greenvale Capital LLP$49.9 Mil5.5%12New13F
Core Cache Last Updated: 8/26/2026