Rapid7, Inc. RPD

Information TechnologySoftware & IT ServicesUnited States of America

Last close 14.86 USD on Nov 2, 2026, −2.3% year to date

Quant rating

Quant rating B Rank 125 of 389 in Information Technology

Growth C 257 of 389
Valuation B 107 of 389
Quality C 185 of 389
Revisions B 153 of 389
Momentum B 71 of 389

Wall Street consensus Hold (3.09)Average target 12.20 USD −17.9%

Historical valuation

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

Key data

Market cap: 1.0B
Enterprise value: 1.2B
52-week range: 4.97 – 18.69
3-year range: 4.97 – 61.47
Dividend yield: –
Beta (5 years): 0.91
Shares outstanding: 67.4M
Next earnings: Nov 4, 2026

About the company

Rapid7, Inc. specializes in artificial intelligence (AI)-powered managed cybersecurity operations. The Company's Command Platform is a unified threat exposure, detection and response platform that allows SecOps teams to integrate their critical security data by providing a unified view of vulnerabilities, exposures, and threats from endpoint to cloud to close security gaps and prevent attacks. Its offerings include detection and response, exposure management, and other capabilities and services. Its detection and response offerings include Managed Threat Complete (MTC), Incident Command, Incident Response Services, Threat Intelligence, Managed Digital Risk Protection, and Vector Command. Its exposure management offerings include Surface Command, Exposure Command, Rapid7 Cloud Security and Rapid7 Vulnerability Management. Its other capabilities and services include Rapid7 Application Security, Managed Vulnerability Management, Managed Application Security (MAS), and Penetration Testing.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	860	844	778	685	535	–
Revenue growth	1.9%	8.5%	13.5%	28.0%	30.1%	15.9%
EPS (basic, normalized)	2.08	2.28	1.52	0.35	−0.05	–
EPS growth	−8.8%	50.0%	334.3%	–	–	–
Gross margin	70.3%	70.3%	70.2%	68.7%	68.4%	69.6%
Net margin	2.7%	3.0%	−19.6%	−18.2%	−27.3%	−11.9%
ROE	27.1%	–	–	–	–	27.1%

Balance sheet, last quarter
Cash & short-term investments (mil)	703
Current ratio	0.80x
Long-term debt (mil)	296
Net debt (mil)	192
Total equity (mil)	197
Net debt / equity	0.97x
Net debt / EBITDA	1.18x

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
2025 actual	860	+1.9%	1.4x	162	−12.3%	7.4x	2.08	−8.8%	7.1x
2026	839	−2.4%	1.4x	158	−2.1%	7.5x	1.80	−13.5%	8.3x
2027	828	−1.3%	1.4x	169	+6.5%	7.1x	1.79	−0.6%	8.3x
2028	837	+1.1%	1.4x	171	+1.1%	7.0x	1.73	−3.4%	8.6x

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
2026	839	0.0%	0.0%	−0.1%	1.80	−0.1%	+15.8%	+15.8%
2027	828	−0.1%	−0.9%	−1.3%	1.79	−0.1%	+16.0%	+15.6%
2028	837	−0.2%	−0.7%	−0.7%	1.73	0.0%	+4.1%	+3.8%

Earnings surprises EPS beat in 4 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	205	208	215	216	210	214	218	217	210	211
Sales mean (mil)	204	204	210	212	208	212	216	215	208	208
Surprise	+0.5%	+2.1%	+2.4%	+1.9%	+1.0%	+1.1%	+0.9%	+1.1%	+0.8%	+1.3%
EPS reported	0.55	0.58	0.66	0.48	0.49	0.58	0.57	0.44	0.36	0.44
EPS mean	0.54	0.52	0.52	0.50	0.35	0.44	0.45	0.41	0.30	0.35
Surprise	+2.0%	+12.5%	+27.4%	−3.3%	+42.0%	+30.8%	+25.9%	+7.4%	+18.8%	+27.1%

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
RPD Rapid7, Inc.	1.0B	1.18x	2.7%	5.08x	8.3x	8.3x	7.5x	7.1x
PANW Palo Alto Networks, Inc.	287.9B	−0.31x	2.7%	10.43x	84.1x	72.1x	57.7x	49.7x
CRWD CrowdStrike Holdings, Inc.	247.6B	−3.19x	−3.4%	48.53x	192.6x	150.6x	134.1x	102.7x
IBM International Business Machines Corp	238.7B	2.78x	17.4%	6.71x	20.3x	19.0x	14.4x	13.5x
NOW ServiceNow, Inc.	110.0B	0.61x	13.2%	8.40x	26.7x	21.8x	18.3x	15.2x
FTNT Fortinet, Inc.	92.7B	−1.71x	27.3%	41.26x	35.4x	32.5x	28.0x	25.2x
Mean		−0.10x	10.0%	20.07x	61.2x	50.7x	43.3x	35.6x
Median		0.15x	7.9%	9.41x	31.1x	27.2x	23.1x	20.2x

Technical analysis

1M+21.9%
3M+53.9%
1Y−19.7%
3Y−68.5%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Rapid7, Inc., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	860	844	778	685	535	411
Cost of revenue	255	251	232	214	169	122
Gross profit	605	593	546	471	366	290
Selling, general & administrative expenses	395	376	388	382	301	246
Research & development	188	170	174	186	157	106
Depreciation/amortization	9.4	11.8	14.5	14.5	12.0	9.4
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	0.5	0.8	107	0.1	19.5	3.1
Other operating expenses	0	0	0	0	0	0
Operating income	11.6	35.0	−138	−112	−123	−74.1
Net interest income (expense)	18.6	6.4	−15.2	−10.7	−13.1	−22.8
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	0	0	0	0	0	0
Net income before taxes	30.2	41.5	−153	−122	−136	−96.9
Provision for taxes	6.8	15.9	−0.5	2.4	10.4	2.0
Minority interest	–	–	–	–	–	–
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	23.4	25.5	−153	−125	−146	−98.8
Extraordinary items	–	–	–	–	–	–
Net income	23.4	25.5	−153	−125	−146	−98.8
EBIT, normalized	12.1	35.6	−30.9	−111	−103	−71.0
EBITDA, normalized	57.5	80.5	15.0	−70.5	−69.8	−48.4
Basic EPS, normalized	2.08	2.28	1.52	0.35	−0.05	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Rapid7, Inc., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	475	522	383	291	223	312
Receivables	167	168	165	152	146	112
Total inventory	–	–	–	–	–	–
Prepaid expenses	47.2	44.0	41.4	31.9	33.2	27.0
Other current assets	48.4	52.1	45.0	34.9	30.0	21.5
Total current assets	737	786	634	510	433	473
Property, plant & equipment	77.5	81.1	94.3	137	134	120
Goodwill	575	575	536	516	515	214
Intangibles	65.1	85.7	94.5	101	112	44.3
Long-term investments	184	37.3	56.2	9.8	34.1	10.1
Note receivable	–	–	–	–	–	–
Other long-term assets	87.2	86.5	89.5	84.8	68.4	51.4
Total assets	1,726	1,652	1,505	1,359	1,296	913
Liabilities
Accounts payable	11.0	18.9	15.8	10.3	3.5	3.9
Payable/accrued	–	–	–	–	–	–
Accrued expenses	113	104	97.9	92.8	92.2	71.3
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	0	45.9	–	–	–	–
Other current liabilities	451	461	456	428	373	279
Total current liabilities	575	630	570	531	469	354
Long-term debt	892	888	930	816	812	379
Minority interest	–	–	–	–	–	–
Other liabilities	104	116	124	132	141	109
Total liabilities	1,572	1,634	1,624	1,479	1,422	842
Shareholders' equity
Preferred stock	0	0	–	–	–	0
Common stock	0.7	0.6	0.6	0.6	0.6	0.5
Additional paid-in capital	1,121	1,011	895	746	615	693
Retained earnings (accumulated deficit)	−965	−988	−1,010	−861	−736	−617
Treasury stock	−4.8	−4.8	−4.8	−4.8	−4.8	−4.8
Other equity	2.5	−1.2	1.3	−1.4	−0.8	0.5
Total equity	155	17.7	−118	−120	−126	71.5
Total liabilities & shareholders' equity	1,726	1,652	1,505	1,359	1,296	913

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Rapid7, Inc., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	23.4	25.5	−149	−125	−146	−98.8
Depreciation, depletion & amortization	45.4	44.9	45.9	41.0	33.5	22.6
Deferred taxes	−1.7	0.8	−5.6	−1.4	0.5	0.7
Non-cash items	102	111	213	124	111	83.8
Changes in working capital	−15.5	−10.4	0.4	39.5	55.1	−3.5
Cash from operations	154	172	104	78.2	53.9	4.9
Investing activities
Capital expenditures	−23.7	−17.6	−20.2	−37.5	−18.9	−19.9
Other investing cash flows	−186	−28.9	−159	−2.5	−307	−136
Cash from investing	−209	−46.5	−179	−40.0	−325	−156
Financing activities
Financing cash flow items	−1.1	4.0	21.0	4.1	−19.2	−2.4
Cash dividends paid	–	–	–	–	–	–
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−44.4	1.6	58.6	3.3	283	203
Cash from financing	−45.5	5.6	79.6	7.4	264	201
Foreign exchange effects	5.7	−2.8	1.2	−2.8	−1.3	0.7
Net change in cash	−95.4	128	6.3	42.8	−8.6	50.2
Free cash flow	130	154	84.0	40.7	35.1	−15.0

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 2, 2026 after market close.