Rapid7, Inc. income statement
In fiscal 2025, Rapid7, Inc. reported revenue of $860m, up 1.9% on the year before, operating income of $11.6m (a 1.3% margin) and net income of $23.4m, or $0.36 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 60 | 77 | 111 | 157 | 201 | 244 | 327 | 411 | 535 | 685 | 778 | 844 | 860 | 856 |
| Cost of revenue | 13 | 18 | 29 | 40 | 57 | 71 | 91 | 122 | 169 | 214 | 232 | 251 | 255 | 263 |
| Gross profit | 47 | 58 | 81 | 118 | 144 | 173 | 236 | 290 | 366 | 471 | 546 | 593 | 605 | 593 |
| Research and development | 21 | 26 | 39 | 48 | 51 | 68 | 79 | 109 | 161 | 190 | 178 | 173 | 191 | 191 |
| Selling and marketing | 32 | 49 | 67 | 91 | 112 | 123 | 158 | 196 | 247 | 307 | 314 | 299 | 318 | 314 |
| General and administrative | 13 | 13 | 22 | 28 | 30 | 35 | 45 | 60 | 78 | 85 | 85 | 86 | 85 | 76 |
| Operating income | −19 | −29 | −47 | −49 | −49 | −53 | −46 | −74 | −120 | −112 | −84 | 35 | 12 | 11 |
| Interest expense | — | — | — | 0 | 0 | 5 | 13 | 24 | 14 | 11 | 65 | 11 | 10 | 10 |
| Income before tax | −19 | −32 | −49 | −49 | −48 | −55 | −54 | −97 | −136 | −122 | −153 | 41 | 30 | 23 |
| Income tax | 0 | 0 | 0 | −0 | −2 | 0 | 0 | 2 | 10 | 2 | −1 | 16 | 7 | 3 |
| 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 |
| Diluted shares (average) | 25m | 26m | 25m | 41m | 43m | 46m | 49m | 51m | 55m | 59m | 61m | 63m | 65m | 66m |
| EBITDA | −16 | −25 | −41 | −42 | −41 | −42 | −29 | −51 | −87 | −71 | −38 | 80 | 57 | 38 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 215 | 216 | 210 | 214 | 218 | 217 | 210 | 211 |
| Cost of revenue | 63 | 66 | 59 | 63 | 65 | 68 | 65 | 66 |
| Gross profit | 151 | 150 | 151 | 151 | 153 | 150 | 145 | 145 |
| Research and development | 45 | 46 | 48 | 47 | 47 | 49 | 48 | 47 |
| Selling and marketing | 75 | 73 | 79 | 79 | 79 | 80 | 79 | 76 |
| General and administrative | 19 | 24 | 24 | 21 | 21 | 19 | 18 | 17 |
| Operating income | 13 | 7 | −0 | 3 | 6 | 2 | −1 | 3 |
| Interest expense | 3 | 3 | 3 | 3 | 3 | 3 | 2 | 3 |
| Income before tax | 18 | 6 | 5 | 10 | 9 | 6 | 2 | 6 |
| Income tax | 3 | 4 | 3 | 2 | −0 | 3 | 1 | −0 |
| Net income | 15 | 2 | 2 | 8 | 10 | 3 | 1 | 6 |
| Diluted EPS | $0.21 | $0.08 | $0.03 | $0.13 | $0.15 | $0.05 | $0.02 | $0.09 |
| EBITDA | 16 | 19 | 12 | 6 | 8 | 13 | 11 | 6 |
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