Rubrik Exceeds Q4 Expectations, Projects FY27 Profitability Amid Strong Growth
Summary
Rubrik, Inc. reported strong fourth-quarter and full fiscal year 2026 financial results, exceeding all guided metrics, with significant revenue growth and a projected swing to non-GAAP profitability for fiscal year 2027.
Key Events
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Exceeded Q4 & FY26 Financial Metrics
Rubrik reported Q4 total revenue growth of 46% year-over-year to $377.7 million and full fiscal year 2026 total revenue growth of 48% to $1.32 billion, exceeding all guided metrics.
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Swing to Non-GAAP Profitability
The company achieved non-GAAP net income per share of $0.04 in Q4 FY26, a significant improvement from a loss of $(0.18) in the prior year, and projects full fiscal year 2027 non-GAAP net income per share between $0.07 and $0.27.
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Robust Cash Flow Generation
Rubrik demonstrated strong cash flow, with full fiscal year 2026 cash flow from operations increasing to $282.9 million and free cash flow reaching $237.8 million, with further growth projected for FY27.
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Strong Subscription ARR Growth
Subscription Annual Recurring Revenue (ARR) grew 34% year-over-year to $1.46 billion as of January 31, 2026, driven by a 25% increase in customers with $100K or more in subscription ARR.
Analysis
Rubrik's latest earnings report signals robust operational momentum and a clear path to sustained profitability. The company significantly outperformed its own guidance for both the fourth quarter and the full fiscal year 2026, driven by strong subscription ARR growth and expanding customer relationships. The swing to non-GAAP net income in Q4 and the projection for full-year non-GAAP profitability in fiscal year 2027 are critical milestones, indicating improved financial health and operational leverage. Furthermore, the substantial increase in free cash flow generation provides Rubrik with enhanced financial flexibility for future investments and growth initiatives. Investors should view these results as a strong indicator of the company's execution in a growing market for security and AI operations.
At the time of this filing, RBRK was trading at $55.74 on NYSE in the Technology sector, with a market capitalization of approximately $10.8B. The 52-week trading range was $46.36 to $103.00. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.