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Rapid7, Inc. (RPD) stock

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NASDAQ: RPD Nasdaq Application Software Next results ~November 4, 2026

C Fundamentals grade

Rapid7, Inc. is a US-listed company in the application software industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$16

Cash-flow model

Base case. Range ~$11–$22 across our lower- and higher-growth cases (-2.3%–7.7% a year).

Price vs value

Modestly undervalued

The price is inside our value range, 8% below our base value.

Price used: $14.86, November 2, 2026

Rapid7, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders5 buying, 1 selling7 purchases and 4 sales by directors and officers, last 12 monthsInsider trades
  • Funds155 adding, 109 cuttingOf 46 active managers that changed their stake, 28 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Rapid7 files

Where Rapid7 stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $856m, up 0.1% on a year earlier, slower than the 1.2% growth a quarter earlier. Free-cash-flow margin fell to 16.9% from 21.1% a year earlier. It passes 1 of our 3 financial-health checks. Our cash-flow model value is $16.80 a share, against a share price of $16.46.

Source: 10-Q filed August 10, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 4, 2026 (estimated)

Rapid7, Inc.'s trailing-twelve-month revenue grew 0.1% year on year, with a free-cash-flow margin of 16.9%. Where it lags: revenue growth of 0.1% ranks 153 of 184 application software companies we cover.

Our discounted-cash-flow model values the business at ~$16 per share in the base case (~$11–$22 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Revenue growth decelerating: TTM revenue growth slowed to 0.1% (-1.1pp vs the prior quarter), the 16th consecutive quarterly slowdown.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Net cash. Cash exceeds long-term debt by $0.4bn.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Results due soon. Results are expected around 3 November; the share price can move sharply on the day.
  • Share dilution. Diluted shares rose 18.0% in a year.
  • High earnings multiple. The shares trade at 49 times the last 12 months' earnings, so expectations are demanding.
  • Volatile shares. Over the past year the shares showed annualised volatility of 84% and a beta of 0.8 against the S&P 500.
  • Below peers: revenue growth. Revenue growth of 0.1% ranks 153 of 184 application software companies we cover (median 12.0%).
  • Heavily shorted. 12.8% of the shares available to trade are sold short (4.4 days of average volume to cover).

Latest results: FY2026 Q2

Filed August 10, 2026
Earnings per share
$0.44 against an average estimate of $0.35: beat by 26.3%
Revenue
$211m, down 1.5% on a year earlier
Share reaction
+15.6% in the first session after the results on August 10, 2026, against -0.3% for the S&P 500
Next report
November 4, 2026; average EPS estimate $0.48

Rapid7's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-10.3%
  • 1 week-17.2%
  • 1 month+21.9%
  • This year-2.3%
  • 1 year-19.7%
  • 5 years-88.5%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$856M
Operating margin
1.2%
Net margin
2.4%
EPS (TTM, diluted)
$0.30

Growth

Revenue growth
+0.1%
Change in growth rate
−1.1 pts

Cash

Free cash flow (TTM)
$145M
FCF margin
16.9%
Stock pay % of revenue
10.4%

Earnings

Last results
August 10, 2026
Next results (est.)
November 3, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Leadership
  2. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Rapid7, Inc. valuation models and calculator

What the price is pricing in

The share price implies about 1.2% a year of cash-flow growth for five years.That is slower than the 9.8% a year revenue growth Rapid7 has delivered.

  • Priced in1.2%
  • Last 12 months0.1%
  • 3 years a year5.3%
  • 5 years a year9.8%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($14.67, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$16
Price used
$14.67close November 3, 2026
Implied change
▲ +10%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Rapid7, Inc.'s free cash flow after stock-based pay with after-tax interest added back ($74.3M, FY2026 Q2 TTM), growing -0.4% and 1.8% in the next two years (forecasts, guidance and its record), then back to 2.7% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$11–~$22 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Rapid7, Inc.'s free cash flow after stock-based pay ( $74.3M, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Rapid7, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 10%: the 10-year Treasury yield (4.9%) plus a beta of 1.13 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$16 ~$11–$22 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$28 ~$23–$47 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$12 ~$8.3–$17 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$8.1 ~$7.1–$9.4 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$16 ~$8.1–$28 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Rapid7, Inc. with Application Software in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −27%
  • Revenue growth 5 points higher ▲ +36%
  • Free-cash-flow margin 1 point lower ▼ −6%
  • Last year's free-cash-flow margin change, if it persists ▼ −20%
  • Discount rate 1 point higher ▼ −15%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $13$19$26$36$49$66
8.5% $9$13$19$26$35$47
10% $7$10$14$20$27$36

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$15.13$12.17$18.66$31.16$56.02$90.16$117.69$33.98$57.10$40.23$15.20$14.86
Market value$374m$502m$802m$1.4bn$2.7bn$4.6bn$6.5bn$2.0bn$3.5bn$2.5bn$988m$988m
+ Net debt (− = net cash)−$69m−$53m−$52m$75m$62m$205m$647m$609m$716m$600m$646m$469m
Enterprise value$305m$449m$750m$1.5bn$2.8bn$4.8bn$7.2bn$2.6bn$4.2bn$3.1bn$1.6bn$1.5bn
Multiples
Price / sales 3.4x3.2x4.0x5.9x8.3x11.2x12.1x2.9x4.5x3.0x1.1x1.2x
Price / earnings —————————99.6x42.3x49.0x
Price / free cash flow —108.8x94.7x———144.9x34.4x34.7x15.1x6.8x6.8x
EV / EBITDA —————————39.3x28.7x38.3x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

26 /100

Weak moat

How hard Rapid7's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median -8.2% of total assets over 10 years.

  • Pricing power 20 / 20

    Gross margin has been a median 70.5%, moving by 1.5 percentage points (standard deviation) across 10 years.

  • Durability 10 / 20

    Operating margin has been a median -15.9%; its worst year was -25.9%.

  • Cash conversion 11 / 20

    Free cash flow was positive in 8 of 10 years, at a median 5.4% of revenue.

  • Discipline 0 / 20

    The diluted share count rose 33.3% over five years; stock-based pay has been a median 12.8% of revenue.

AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (41 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 4, 2026, after the close. Analysts expect revenue of $209m and EPS of $0.48 (range $0.48 to $0.50) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $1.83 −12% $839m −2%
Next $2.03 +11% $843m +1%

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.35 $0.44 +26.3%
Mar 2026 $0.30 $0.36 +18.8%
Dec 2025 $0.42 $0.44 +5.9%
Sept 2025 $0.46 $0.57 +24.9%

Adjusted EPS as companies report it, against the average analyst estimate.

How our valuation uses these forecasts

Our cash-flow model grows Rapid7, Inc.'s revenue by -0.4% next year and +1.8% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (-1.7%, weight 70%) and the company's own record (+2.7%, weight 30%) . How the weights are set.

Analyst recommendations

25 analysts, Oct 2026
Buy28%
Hold1768%
Sell624%

Monthly trend

  1. Oct 2026173325
  2. Sep 2026182325
  3. Aug 2026182325
  4. Jul 202620225

Counts of recommendations published by analysts covering Rapid7, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
12.8%
of tradable shares
Days to cover
4.36
at average volume
Short interest, 1 month
−1%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
4.2%
of shares
Employees
2,613
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −19.7%

$18.51 on October 31, 2025 to $14.86

ThenNowEffect
Revenue (last 12 months) $855m $856m +0.1%
Net margin 3.3% 2.4% −28.2%
P/E multiple 45.9x 49.0x +6.9%
Share count 69m 66m +4.4%

Biggest factor: net margin.

Last 3 years −71.1%

$51.35 on November 3, 2023 to $14.86

ThenNowEffect
Revenue (last 12 months) $734m $856m +16.6%
P/S multiple 4.2x 1.2x −72.4%
Share count 60m 66m −10.3%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
RPD+31%−71%+68%−30%−62%−2%
Industry peers (median)−8%−50%+19%+2%−20%−14%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
RPD50%33%67%42%8%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
RPD−21%−77%−26%−46%−67%−67%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 3, 2015: 96% from November 8, 2021 to April 9, 2026. Getting back needed a 2675% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$5.05 – $18.68
From 52-week high
−20.5%
vs 50-day average
+14.7%
vs 200-day average
+57.0%
Volatility (1 year)
84%
Beta vs S&P 500
0.77

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 7 down
typical move ±10.8%
After a week
7 up, 5 down
typical move ±10.8%
After a month
4 up, 8 down
typical move ±14.0%
Results releasedNext dayS&P 500 next day5 days21 days
August 10, 2026 +15.6% −0.3% +6.9% −8.7%
May 5, 2026 +1.2% +2.2% +1.2% +20.0%
February 10, 2026 −31.4% −0.3% −33.6% −35.5%
November 4, 2025 −23.7% −0.8% −24.0% −13.7%
August 7, 2025 −10.6% +0.7% +4.8% +3.1%
May 12, 2025 −2.3% +4.0% −8.0% −4.5%
February 12, 2025 −8.2% +0.7% −13.8% −26.2%
November 6, 2024 +2.9% +3.3% +3.9% +8.4%
August 6, 2024 +8.6% +0.2% +9.1% +8.2%
July 9, 2024 −4.6% +1.1% +0.5% −11.6%
May 7, 2024 −17.8% +0.1% −17.5% −22.1%
February 7, 2024 +2.7% +0.9% +6.0% −5.7%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Rapid7, Inc.’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Implied vs realised volatility

Includes results

A results date falls inside these options’ life. Implied volatility is meant to be higher for that, so we do not call it rich.

  • Implied is 1.19× the last 60 days’ realised volatility .
  • Calls are priced 6 points richer than puts (25-delta): demand for upside is high, which favours selling calls over puts.
  • Why: an earnings date falls inside the option's life, so implied volatility is expected to be high.

Our rule for “rich”: implied at least 1.2× 60-day realised (beyond measurement noise), above 1-year realised (not just a calm spell), and in the top 20% of our coverage that day. Never with results inside the option’s life. These are our conventions, built on research showing option prices usually imply more movement than follows, most when the gap is wide. How we judge this.

Cash-secured put

Not offered: fundamentals grade C (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

RPD Rapid7, Inc. Grade C $15.13

Own 100 shares, sell the $18.00 call expiring December 18, 2026 (46 days) for $1.00 a share — $100 per contract.

Previous session · Bid $1.00, ask $1.35, quoted Mon 2 Nov, 17:35 New York time with RPD at $15.13. Option prices move with the shares: check the live chain at your broker before trading.

  • If RPD ends below $18.00: you keep your shares and the $100 — 6.6% extra on the position, 52.4% a year at that pace.
  • If it ends above $18.00: your shares are sold at $18.00, a total return of 25.6% including the premium — at or above our value of ~$16.
$387 $0 −$283 Break-even $14.13 Price $15.13 Our value $16.00
Profit or loss per contract at expiry, by share price (including the shares bought at today's price).
Premium
$100
Annualised
52.4%
Break-even
$14.13
Max gain
$387
Chance of selling
~39%

Results are expected around November 3, 2026, before this option expires: the share price can jump on results, and the premium partly reflects that.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Rapid7, Inc. in five measures

Fundamentals grade C
Growth Profitability Cash Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Rapid7, Inc.
$750M $800M $850M $900M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $756.9M Revenue (TTM), FY23 Q4: $777.7M Revenue (TTM), FY24 Q1: $799.6M Revenue (TTM), FY24 Q2: $817.2M Revenue (TTM), FY24 Q3: $833M Revenue (TTM), FY24 Q4: $844M Revenue (TTM), FY25 Q1: $849.2M Revenue (TTM), FY25 Q2: $855.4M Revenue (TTM), FY25 Q3: $858.7M Revenue (TTM), FY25 Q4: $859.8M Revenue (TTM), FY26 Q1: $859.2M Revenue (TTM), FY26 Q2: $855.9M $855.9M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $756.9M
FY23 Q4 $777.7M
FY24 Q1 $799.6M
FY24 Q2 $817.2M
FY24 Q3 $833M
FY24 Q4 $844M
FY25 Q1 $849.2M
FY25 Q2 $855.4M
FY25 Q3 $858.7M
FY25 Q4 $859.8M
FY26 Q1 $859.2M
FY26 Q2 $855.9M
Revenue growth, TTM YoY Rapid7, Inc.
0% 5% 10% 15% 20% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 16.0% Revenue growth, TTM YoY, FY23 Q4: 13.5% Revenue growth, TTM YoY, FY24 Q1: 12.5% Revenue growth, TTM YoY, FY24 Q2: 11.4% Revenue growth, TTM YoY, FY24 Q3: 10.1% Revenue growth, TTM YoY, FY24 Q4: 8.5% Revenue growth, TTM YoY, FY25 Q1: 6.2% Revenue growth, TTM YoY, FY25 Q2: 4.7% Revenue growth, TTM YoY, FY25 Q3: 3.1% Revenue growth, TTM YoY, FY25 Q4: 1.9% Revenue growth, TTM YoY, FY26 Q1: 1.2% Revenue growth, TTM YoY, FY26 Q2: 0.1% 0.1%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 16.0%
FY23 Q4 13.5%
FY24 Q1 12.5%
FY24 Q2 11.4%
FY24 Q3 10.1%
FY24 Q4 8.5%
FY25 Q1 6.2%
FY25 Q2 4.7%
FY25 Q3 3.1%
FY25 Q4 1.9%
FY26 Q1 1.2%
FY26 Q2 0.1%
Operating margin (TTM) Rapid7, Inc.
-15% -10% -5% 0% 5% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: -13.9% Operating margin (TTM), FY23 Q4: -10.8% Operating margin (TTM), FY24 Q1: -6.3% Operating margin (TTM), FY24 Q2: 0.8% Operating margin (TTM), FY24 Q3: 4.2% Operating margin (TTM), FY24 Q4: 4.2% Operating margin (TTM), FY25 Q1: 3.0% Operating margin (TTM), FY25 Q2: 2.7% Operating margin (TTM), FY25 Q3: 1.9% Operating margin (TTM), FY25 Q4: 1.3% Operating margin (TTM), FY26 Q1: 1.3% Operating margin (TTM), FY26 Q2: 1.2% 1.2%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 -13.9%
FY23 Q4 -10.8%
FY24 Q1 -6.3%
FY24 Q2 0.8%
FY24 Q3 4.2%
FY24 Q4 4.2%
FY25 Q1 3.0%
FY25 Q2 2.7%
FY25 Q3 1.9%
FY25 Q4 1.3%
FY26 Q1 1.3%
FY26 Q2 1.2%
FCF margin (TTM) Rapid7, Inc.
5% 10% 15% 20% 25% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 9.2% FCF margin (TTM), FY23 Q4: 12.8% FCF margin (TTM), FY24 Q1: 15.9% FCF margin (TTM), FY24 Q2: 15.8% FCF margin (TTM), FY24 Q3: 20.3% FCF margin (TTM), FY24 Q4: 19.9% FCF margin (TTM), FY25 Q1: 19.6% FCF margin (TTM), FY25 Q2: 21.1% FCF margin (TTM), FY25 Q3: 20.1% FCF margin (TTM), FY25 Q4: 17.0% FCF margin (TTM), FY26 Q1: 18.1% FCF margin (TTM), FY26 Q2: 16.9% 16.9%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 9.2%
FY23 Q4 12.8%
FY24 Q1 15.9%
FY24 Q2 15.8%
FY24 Q3 20.3%
FY24 Q4 19.9%
FY25 Q1 19.6%
FY25 Q2 21.1%
FY25 Q3 20.1%
FY25 Q4 17.0%
FY26 Q1 18.1%
FY26 Q2 16.9%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 60 77 111 157 201 244 327 411 535 685 778 844 860 856
Gross profit 47 58 81 118 144 173 236 290 366 471 546 593 605 593
EBITDA −16 −25 −41 −42 −41 −42 −29 −51 −87 −71 −38 80 57 38
Operating income −19 −29 −47 −49 −49 −53 −46 −74 −120 −112 −84 35 12 11
Net income −19 −33 −50 −49 −45 −56 −54 −99 −146 −125 −153 26 23 20
Diluted EPS −$2.09 −$3.33 −$4.00 −$1.19 −$1.06 −$1.20 −$1.10 −$1.94 −$2.65 −$2.13 −$2.52 $0.40 $0.36 $0.30
Growth (year on year)
Revenue — +28.1% +43.8% +42.4% +27.6% +21.5% +33.9% +25.9% +30.1% +28.0% +13.5% +8.5% +1.9% +0.1%
EBITDA — — — — — — — — — — — — −28.7% −26.3%
Operating income — — — — — — — — — — — — −67.0% −54.7%
Net income — — — — — — — — — — — — −8.4% −28.1%
Diluted EPS — — — — — — — — — — — — −10.0% —
Margins
Gross margin 78.5% 76.0% 73.5% 74.8% 71.7% 70.9% 72.1% 70.5% 68.4% 68.7% 70.2% 70.3% 70.3% 69.3%
EBITDA margin −26.6% −32.5% −37.3% −26.9% −20.5% −17.2% −9.0% −12.5% −16.2% −10.3% −4.9% 9.5% 6.6% 4.4%
Operating margin −31.0% −37.9% −42.1% −31.2% −24.3% −21.7% −14.1% −18.0% −22.4% −16.3% −10.8% 4.2% 1.3% 1.2%
Net margin −31.4% −42.4% −45.1% −31.1% −22.6% −22.8% −16.5% −24.0% −27.3% −18.2% −19.6% 3.0% 2.7% 2.4%
Free-cash-flow margin −5.6% −13.6% −5.5% 2.9% 4.2% −2.8% −9.4% −2.2% 8.4% 8.4% 12.8% 19.9% 17.0% 16.9%
Cash flow
Cash from operations −1 −3 −2 9 13 6 −1 5 54 78 104 172 154 153
Capital spending 3 7 4 4 5 13 29 14 9 20 4 3 8 9
Free cash flow −3 −10 −6 5 8 −7 −31 −9 45 58 100 168 146 145
Stock-based pay 2 2 11 17 20 28 41 64 103 120 112 108 104 89
Free cash flow after stock pay −5 −13 −17 −13 −11 −34 −72 −73 −58 −62 −12 60 42 55
Balance sheet
Cash 21 37 87 53 52 100 123 174 165 207 214 335 247 426
Total debt 0 17 17 0 — 175 185 379 812 816 930 934 892 894
Net debt (negative = net cash) −21 −20 −69 −53 −52 75 62 205 647 609 716 600 646 469
Diluted shares 25m 26m 25m 41m 43m 46m 49m 51m 55m 59m 61m 63m 65m 66m
Returned to shareholders
Buybacks — 4 — — — — — — — — — — — —
Total returned — 4 — — — — — — — — — — — —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 3 checks passed · June 30, 2026
What it owns · $1.7bn
Short-term assets $931mLonger-term assets $812m
What it owes, and who funded it · $1.7bn
Short-term liabilities $1.2bnLonger-term liabilities $387mShareholders' equity $197m
  • Short-term assets cover short-term liabilities $931m of assets due within a year against $1.2bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $931m short-term assets against $387m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Operating income of $11m against $10m of interest.

From Rapid7, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

R&D spending
22.3%
of revenue

Competitors: side by side with peers

Closest by revenue in application software
Last 12 months unless stated RPD QTWO BAND CXM BRZE RAMP Median
Revenue, last 12 months $856m $870m $870m $873m $834m $832m $482m
Revenue growth, last 12 months 0.1% 13.1% 15.1% 6.3% 27.4% 8.9% 12.0%
Revenue growth, 3-year average 5.3% 12.6% 13.7% 9.0% 26.9% 11.0% 11.1%
Revenue growth, latest quarter −1.5% 11.9% 22.0% 0.8% 26.2% 9.8% 11.9%
Gross margin 69.3% 58.4% 36.7% 65.6% 66.3% 70.8% 69.2%
Operating margin 1.2% 12.4% −1.3% 5.3% −13.4% 11.6% 1.1%
Operating margin, 3-year average 1.6% 2.2% −2.3% 4.7% −19.7% 4.8% −0.8%
Net margin 2.4% 12.7% 1.0% 2.7% −13.6% 18.7% 2.1%
Cash from operations / revenue 17.9% 28.2% 13.1% 14.8% 11.1% 24.1% 18.2%
Free-cash-flow margin 16.9% 26.8% 11.1% 14.6% 10.1% 23.9% 15.0%
Free-cash-flow margin, 3-year average 17.9% 22.5% 9.1% 14.2% 5.8% 17.6% 16.2%
Stock pay / revenue 10.4% 9.3% 5.7% 9.4% 17.6% 9.4% 9.3%
Change in share count 18.0% −4.6% 21.2% −6.6% 5.8% −3.5% 2.2%

Median of all 185 companies we cover in application software. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

185 application software companies
Measure Company Peer median Rank
Revenue growth Growth 0.1% 12.0% 153 of 184
Change in growth rate Growth -1.1pp +0.2pp 126 of 184
Gross margin Profitability 69.3% 69.8% 81 of 160
Operating margin Profitability 1.2% 1.1% 90 of 181
Net margin Profitability 2.4% 2.1% 92 of 185
Free-cash-flow margin Cash generation 16.9% 15.2% 87 of 180
Stock pay as % of revenue Cash generation 10.4% 9.3% 100 of 177

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Products $831M 96.7% ▲ 2.8%
Services $28.5M 3.3% ▼ 18.9%
Geography
Region Revenue Share YoY
United States $612M 71.2% ▼ 0.3%
Outside the US $248M 28.8% ▲ 7.7%

From Rapid7, Inc.'s 10-K filed February 19, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$561M
Institutions reporting
236
Shares held vs prior quarter
▲ 12.1%
Positions opened / closed
49 / 55

Top buyers and sellers, Q2 2026: 155 institutions bought and 109 sold ; the biggest buyer was Blackrock, Inc (+2.4M shares) and the biggest seller Vanguard Portfolio Management LLC (−1.1M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $73M 9.0M 13.0% ▲ 36.9%
Jana Partners Management, LP $54.7M 6.7M 9.7% ▲ 0.1%
UBS Group AG $32.9M 4.1M 5.9% ▲ 32.1%
Vanguard Portfolio Management LLC $32.6M 4.0M 5.8% ▼ 22.2%
Vanguard Capital Management LLC $22.3M 2.8M 4.0% ▲ 3.0%
Two Sigma Investments, LP $22M 2.7M 3.9% ▲ 21.7%
State Street Corp $20.4M 2.5M 3.6% ▲ 19.2%
Acadian Asset Management LLC $19.2M 2.4M 3.4% ▲ 34.2%
AQR Capital Management LLC $15.5M 1.9M 2.8% ▲ 160.9%
Goldman Sachs Group Inc $13.7M 1.7M 2.4% ▲ 113.8%
Geode Capital Management, LLC $13.3M 1.6M 2.4% ▲ 14.6%
D. E. Shaw & Co., Inc. $12.1M 1.5M 2.2% ▲ 588.9%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Rapid7, Inc.'s complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $3.9M 7 trades by 5 insiders, last 12 months Insider sales History → $42,341 4 trades by 1 insider · 100% under pre-set plans
Net ▲ $3.9M net buying
Insider Date Trade Shares Price Value
Murphy Scott M Chief Accounting Officer April 22, 2026 Sell pre-set plan 827 $6.35 $5,251
Murphy Scott M Chief Accounting Officer February 23, 2026 Sell pre-set plan 1,267 $6.51 $8,248
Murphy Scott M Chief Accounting Officer January 22, 2026 Sell pre-set plan 764 $12.70 $9,703
Jana Partners Management, Lp Director November 28, 2025 Buy 41,545 $15.71 $652,672
Schodorf Thomas E Director November 26, 2025 Buy 6,300 $15.70 $98,910
Jana Partners Management, Lp Director November 25, 2025 Buy 50,000 $15.01 $750,500
Brown Marc Evan Director November 25, 2025 Buy 3,000 $15.21 $45,630
Thomas Corey E. CEO November 24, 2025 Buy 14,500 $13.82 $200,390
Jana Partners Management, Lp Director November 24, 2025 Buy 150,000 $14.13 $2.1M
Murphy Scott M Chief Accounting Officer November 24, 2025 Sell pre-set plan 1,370 $13.97 $19,139
Burns Mike Director November 20, 2025 Buy 2,000 $13.80 $27,600

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 10 trades and filings

No trades in Rapid7, Inc. disclosed in the last 12 months; 10 earlier trades on record.

  • Jefferson Shreve(R-IN 6):Sale (full), $15,001 - $50,000, traded May 12, 2025, filed June 22, 2025
  • Jefferson Shreve(R-IN 6):Purchase, $15,001 - $50,000, traded April 7, 2025, filed May 8, 2025
  • Jefferson Shreve(R-IN 6):Purchase, $15,001 - $50,000, traded March 31, 2025, filed April 11, 2025

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 3, 2026 estimated from the company's past filing pattern, not announced

  • August 10, 2026
  • May 5, 2026
  • February 10, 2026
  • November 4, 2025
  • August 7, 2025
  • May 12, 2025

Recent SEC filings

Data status

When each part of this page on Rapid7, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Rapid7, Inc. in brief

What does Rapid7, Inc. do?
Rapid7, Inc. is a US-listed company in the application software industry. Its financial year ends in December.
What is Rapid7, Inc.'s stock ticker?
Rapid7, Inc. trades under the ticker RPD on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Rapid7, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Rapid7, Inc. reported revenue of $856M, 0.1% higher than a year earlier, according to its SEC filings.
What is Rapid7, Inc.'s free cash flow?
Rapid7, Inc.'s free-cash-flow margin is 16.9% of revenue over the trailing twelve months, ranking 87 of the 180 application software companies we cover.
What is Rapid7, Inc.'s fair value (intrinsic value) per share?
Our discounted-cash-flow model of Rapid7, Inc.'s free cash flow after stock-based pay gives ~$16 per share in the base case, and ~$11–$22 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Rapid7, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Jana Partners Management, LP and UBS Group AG. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Rapid7, Inc.'s market cap?
On November 2, 2026, Rapid7, Inc.'s market capitalisation was about $988M, with a price-to-earnings ratio of 49.0 and net debt of $469M. Market figures come from third-party market data and may be delayed.
Who are Rapid7, Inc.'s competitors?
In our Application Software peer group, the companies closest to Rapid7, Inc. are Q2 Holdings, Inc., Bandwidth Inc., Sprinklr, Inc., Braze, Inc. and Liveramp Holdings, Inc. The side-by-side comparison below sets their revenue, margins and growth against Rapid7, Inc.'s.
Are insiders buying or selling Rapid7, Inc. stock?
Over the last 12 months, Rapid7, Inc.'s directors and officers reported 7 open-market purchases and 4 sales on Form 4. The insider trading page charts every trade.
When is Rapid7, Inc.'s next earnings date?
Around November 4, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Rapid7, Inc. announces its own schedule.