Rapid7 Announces Third Quarter 2026 Financial Results
Key Highlights
- ➤Q3 revenue $212.4 million, down 2.5% year-over-year
- ➤ARR $819.7 million, down 2.2% year-over-year
- ➤Q3 non-GAAP operating income $46.2 million
- ➤Full-year revenue guidance $841 million to $843 million
- ➤Full-year free cash flow guidance approximately $130 million
Expert Statements
Wael Mohamed, CEO of Rapid7
“Last quarter, we took decisive action to focus resources and energy on our core business. This quarter, we delivered on some of our early goals in this multi-quarter journey. The company is operating with greater discipline, our core business is becoming more stable, and our cash generation outlook for the year remains on track. That is real progress, but one quarter of stability is just a start. Turning this execution into durable growth is the work ahead of us.”
Wael Mohamed, CEO of Rapid7
“Discipline creates capacity, and strategy decides where it goes. We are putting that capacity behind our core and an AI-first service model where our platform, Rapid7 Intelligence, AI agents, and experienced security experts work as one system, taking customers beyond detection and response to resolution. In Exposure Management, that same intelligence helps customers focus on the exposures attackers can actually exploit and fix them before they become incidents. Hundreds of customers are already using Kenzo-powered capabilities as we build toward Autonomous SOC. We are not declaring victory. We are building proof, and we intend to earn confidence across quarters.”
* Annualized recurring revenue (“ARR”) of $820 million * Total revenue of $212 million; Product subscriptions revenue of $206 million * GAAP income from operations of $9.0 million; Non-GAAP income from operations of $46.2 million * Net cash provided by operating activities of $30.1 million; Free cash flow of $26.5 million BOSTON, Nov. 04, 2026 (GLOBE NEWSWIRE) -- Rapid7, Inc. (Nasdaq: RPD), a global leader in AI-powered managed cybersecurity operations, today announced its financial results for the third quarter 2026.
“Last quarter, we took decisive action to focus resources and energy on our core business. This quarter, we delivered on some of our early goals in this multi-quarter journey,” said Wael Mohamed, CEO of Rapid7. “The company is operating with greater discipline, our core business is becoming more stable, and our cash generation outlook for the year remains on track. That is real progress, but one quarter of stability is just a start. Turning this execution into durable growth is the work ahead of us.”
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