Rubrik Q2 FY27 10-Q: 38% Revenue Growth, $1.66B Subscription ARR, Net Loss Narrows to $61.8M
RBRK has more than doubled off its 52-week low of $42.25.
Summary
Rubrik's Q2 FY27 10-Q confirms 38% revenue growth to $427.3M, Subscription ARR of $1.66B (up 33%), and a narrowed net loss of $61.8M, with $1.75B in cash and investments.
Key Events · Earnings and Guidance · RBRK
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Q2 Revenue Up 38% to $427.3M
Total revenue grew 38% year-over-year to $427.3 million for the quarter ended July 31, 2026, driven by 37% subscription revenue growth to $407.2 million.
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Subscription ARR Reaches $1.66B
Subscription ARR grew 33% year-over-year to $1.66 billion, with Cloud ARR up 39% to $1.48 billion and 3,084 customers exceeding $100,000 in Subscription ARR.
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Net Loss Narrows to $61.8M
GAAP net loss improved to $61.8 million ($0.30 per share) from $95.9 million ($0.49 per share) a year ago, with operating loss narrowing to $71.9 million.
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Strong Cash Generation
Operating cash flow was $158.5 million and free cash flow was $139.3 million for the six months ended July 31, 2026, with $1.75 billion in cash, equivalents, and short-term investments.
Analysis · RBRK · Technology
Rubrik's full Q2 FY27 10-Q confirms the strong results previewed in the August 27 8-K: revenue grew 38% year-over-year to $427.3 million, Subscription ARR reached $1.66 billion (up 33%), and the net loss narrowed to $61.8 million from $95.9 million a year ago. The company generated $158.5 million in operating cash flow and $139.3 million in free cash flow for the first half, with $1.75 billion in cash and investments on the balance sheet. The filing also reveals two immaterial acquisitions completed in June 2026 for $27.2 million and a transition to net share settlement for employee tax withholding. While the company remains unprofitable on a GAAP basis with a $3.29 billion accumulated deficit, the improving operating leverage and strong ARR growth support the raised full-year guidance.
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In the 30 days to Sep 10, 2026, 30.1% of the 2014 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.11%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, RBRK was trading at $90.20 on NYSE in the Technology sector, with a market capitalization of approximately $19.2B. The 52-week trading range was $42.25 to $107.91. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.