Rubrik, Inc. RBRK

Information TechnologySoftware & IT ServicesUnited States of America

Last close 124.15 USD on Nov 1, 2026, +62.3% year to date

Quant rating

Quant rating B Rank 106 of 389 in Information Technology

Growth D 295 of 389
Valuation D 368 of 389
Quality B 144 of 389
Revisions B 92 of 389
Momentum A 5 of 389

Wall Street consensus Buy (1.63)Average target 122.46 USD −1.4%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 25.7B
Enterprise value: 25.1B
52-week range: 42.27 – 139.84
3-year range: 28.65 – 139.84
Dividend yield: –
Beta (5 years): –
Shares outstanding: 207M
Next earnings: Dec 7, 2026

About the company

Rubrik, Inc. is a security and AI operations company, leads at the intersection of data protection, cyber resilience, and enterprise AI acceleration. The Company has developed Zero Trust Data Security platform to deliver cyber resilience so that organizations can secure their data across the cloud and recover from cyberattacks. Its Rubrik Security Cloud (RSC) secures data across enterprise, cloud, SaaS, unstructured data, and identity providers. RSC delivers a cloud native SaaS platform that detects, analyzes, and remediates data security risks and unauthorized user activities. Its Rubrik Agent Cloud provides a comprehensive AI operations suite that can dynamically monitor, control, and remediate agentic actions. It has developed a proprietary machine learning and artificial intelligence-based data threat monitoring and management engine to surface anomalous activities and indicators of data breaches. Its Identity products include Identity Roll Forward and Identity Continuity.

Growth and profitability fiscal year ends January 31

Growth and profitability by fiscal year
	2026	2025	2024	2023	2022	5Y avg
Revenue (mil)	1,316	887	628	600	506	–
Revenue growth	48.5%	41.2%	4.7%	18.5%	30.5%	27.7%
EPS (basic, normalized)	−0.01	−1.57	–	–	–	–
EPS growth	–	–	–	–	–	–
Gross margin	80.1%	70.0%	76.9%	69.7%	69.8%	73.3%
Net margin	−26.5%	−130.3%	−56.4%	−46.3%	−50.3%	−61.9%
ROE	–	–	–	–	–	–

Balance sheet, last quarter
Cash & short-term investments (mil)	1,748
Current ratio	1.64x
Long-term debt (mil)	1,133
Net debt (mil)	−615
Total equity (mil)	−499
Net debt / equity	1.23x
Net debt / EBITDA	−26.46x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2026 actual	1,316	+48.5%	19.1x	23.2	+110.2%	1,081.5x	−0.01	+99.4%	−12,415.0x
2027	1,689	+28.3%	14.9x	104	+348.9%	240.9x	0.50	+5,107.0%	248.0x
2028	2,057	+21.8%	12.2x	180	+72.7%	139.5x	0.77	+54.0%	161.0x
2029	2,485	+20.8%	10.1x	324	+79.8%	77.6x	1.27	+64.7%	97.8x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2027	1,689	0.0%	+2.7%	+5.1%	0.50	0.0%	+61.2%	+190.0%
2028	2,057	0.0%	+2.9%	+4.6%	0.77	+0.4%	+20.5%	+36.2%
2029	2,485	+0.2%	+2.7%	+6.3%	1.27	+1.4%	+13.2%	+10.6%

Earnings surprises EPS beat in 1 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Apr 2024	Jul 2024	Oct 2024	Jan 2025	Apr 2025	Jul 2025	Oct 2025	Jan 2026	Apr 2026	Jul 2026
Sales reported (mil)	187	205	236	258	278	310	350	378	387	427
Sales mean (mil)	172	196	218	233	260	282	320	342	366	396
Surprise	+9.2%	+4.5%	+8.6%	+10.7%	+7.0%	+9.8%	+9.6%	+10.3%	+5.7%	+7.8%
EPS reported	−1.58	−0.40	−0.21	−0.18	−0.15	−0.03	0.10	0.04	0.16	0.20
EPS mean	−1.84	−0.49	−0.40	−0.39	−0.32	−0.34	−0.17	−0.11	−0.03	0.04
Surprise	+14.1%	+18.3%	+47.4%	+53.6%	+52.9%	+91.2%	−159.0%	−136.7%	−608.9%	+407.5%

Peer comparison Software & IT Services

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
RBRK Rubrik, Inc.	25.7B	−26.46x	−26.5%	−51.51x	248.0x	161.0x	240.9x	139.5x
RNG RingCentral, Inc.	6.9B	1.70x	1.7%	36.76x	16.0x	14.7x	10.8x	10.2x
Mean		−12.38x	−12.4%	−7.37x	132.0x	87.8x	125.9x	74.9x
Median		−12.38x	−12.4%	−7.37x	132.0x	87.8x	125.9x	74.9x

Technical analysis

1M+9.8%
3M+73.8%
1Y+63.1%
3Y+235.5%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Rubrik, Inc., fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Total revenue	1,316	887	628	600	506	388
Cost of revenue	262	266	145	182	153	107
Gross profit	1,054	621	483	418	353	280
Selling, general & administrative expenses	1,026	1,223	583	504	443	362
Research & development	374	532	207	175	160	127
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	6.7	–	–	–	–	–
Other operating expenses	0	0	0	0	0	0
Operating income	−352	−1,134	−307	−262	−250	−209
Net interest income (expense)	34.9	−15.9	−19.1	−6.6	1.5	2.4
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	−9.3	1.5	−1.9	−1.0	−1.3	−0.9
Net income before taxes	−326	−1,148	−327	−269	−250	−208
Provision for taxes	22.4	6.4	26.7	8.6	4.8	5.5
Minority interest	–	–	–	–	–	–
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	−349	−1,155	−354	−278	−254	−213
Extraordinary items	–	–	–	–	–	–
Net income	−349	−1,155	−354	−278	−254	−213
EBIT, normalized	−345	−1,134	−307	−262	−250	−209
EBITDA, normalized	−308	−1,105	−282	−239	−228	−190
Basic EPS, normalized	−0.01	−1.57	–	–	–	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Rubrik, Inc., fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Assets
Cash & short-term investments	1,676	705	279	296	139	217
Receivables	261	182	146	161	176	130
Total inventory	5.7	4.2	4.8	9.5	–	–
Prepaid expenses	156	77.9	44.7	34.7	16.1	13.3
Other current assets	126	108	73.6	63.6	38.4	24.4
Total current assets	2,224	1,078	549	565	369	385
Property, plant & equipment	117	79.1	77.7	83.0	65.8	34.1
Goodwill	200	100	100	4.2	4.2	4.2
Intangibles	–	–	–	–	–	–
Long-term investments	–	–	–	–	–	–
Note receivable	8.8	4.0	2.6	4.9	5.6	8.3
Other long-term assets	218	162	144	112	74.4	78.8
Total assets	2,767	1,423	874	769	519	510
Liabilities
Accounts payable	15.3	10.4	6.9	8.1	14.1	10.2
Payable/accrued	–	–	–	–	–	–
Accrued expenses	225	156	123	111	110	88.9
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	–	–	–	–	–	–
Other current liabilities	1,074	783	527	316	213	133
Total current liabilities	1,314	950	656	435	337	232
Long-term debt	1,131	322	287	180	0	0
Minority interest	–	–	–	–	–	–
Other liabilities	841	704	635	527	286	198
Total liabilities	3,286	1,977	1,578	1,142	624	430
Shareholders' equity
Preferred stock	0	–	–	–	–	–
Common stock	0	0	0	0	0	0
Additional paid-in capital	2,663	2,292	265	242	231	177
Retained earnings (accumulated deficit)	−3,186	−2,837	−1,683	−1,328	−1,051	−796
Treasury stock	–	–	–	–	–	–
Other equity	3.7	−8.2	712	713	715	700
Total equity	−520	−554	−705	−373	−105	79.9
Total liabilities & shareholders' equity	2,767	1,423	874	769	519	510

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Rubrik, Inc., fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Operating activities
Net income	−349	−1,155	−354	−278	−254	−213
Depreciation, depletion & amortization	37.1	28.9	24.3	22.4	21.3	19.2
Deferred taxes	4.0	1.2	1.9	4.4	2.9	0.9
Non-cash items	442	997	79.4	87.2	131	110
Changes in working capital	148	176	244	183	16.4	24.6
Cash from operations	283	48.2	−4.5	19.3	−82.8	−58.7
Investing activities
Capital expenditures	−45.1	−26.6	−20.0	−34.3	−20.4	−15.9
Other investing cash flows	−785	−357	−73.6	−90.9	28.9	14.3
Cash from investing	−830	−383	−93.6	−125	8.4	−1.6
Financing activities
Financing cash flow items	−338	−437	−4.0	−3.5	–	–
Cash dividends paid	–	–	–	–	–	–
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	1,074	835	99.9	175	22.9	138
Cash from financing	737	398	95.9	172	22.9	138
Foreign exchange effects	9.8	−6.3	−1.4	−1.0	0.2	0.2
Net change in cash	199	56.5	−3.5	64.9	−51.3	77.4
Free cash flow	238	21.6	−24.5	−15.0	−103	−74.6

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.