Tearsheet

Rubrik (RBRK)

Market Price (2/10/2026): $54.43 | Market Cap: $10.8 Bil
Sector: Information Technology | Industry: Systems Software

Rubrik (RBRK)

Market Price (2/10/2026): $54.43
Market Cap: $10.8 Bil
Sector: Information Technology
Industry: Systems Software

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0	Strong revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 49%	Weak multi-year price returns 3Y Excs Rtn is -21%	Not profitable at operating income level Op Inc LTMOperating Income, Last Twelve Months is -379 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -32%
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 23%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 20%		Significant share based compensation SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 28%
2	Valuation becoming less expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -39%		Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -7.7%
3	Megatrend and thematic drivers Megatrends include Cybersecurity, and Cloud Computing. Themes include Cloud Security, Software Security, Show more.		Key risks RBRK key risks include [1] a consistent lack of profitability and negative shareholder equity and [2] a high valuation that demands near-perfect execution to avoid a significant stock sell-off.

0	Strong revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 49%
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 23%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 20%
2	Valuation becoming less expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -39%
3	Megatrend and thematic drivers Megatrends include Cybersecurity, and Cloud Computing. Themes include Cloud Security, Software Security, Show more.
4	Weak multi-year price returns 3Y Excs Rtn is -21%
5	Not profitable at operating income level Op Inc LTMOperating Income, Last Twelve Months is -379 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -32%
6	Significant share based compensation SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 28%
7	Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -7.7%
8	Key risks RBRK key risks include [1] a consistent lack of profitability and negative shareholder equity and [2] a high valuation that demands near-perfect execution to avoid a significant stock sell-off.

Valuation, Metrics & Events

	2/10/26	2025	2024	2023	2022
Share Price CYE	$54.43	$76.48	$65.36	�	�
Market Cap CYE ($ Bil)	10.8	15.2	12.0	-	-
Total Debt ($ Bil)	1.1	1.1	0.3	0.0	0.0
Total Cash ($ Bil)	1.6	1.6	0.6	0.0	0.0
Enterprise Value ($ Bil)	10.3	16.3	12.3
Valuation Ratios
P/S TTM	9.0	12.7	14.9	-	-
P/EBIT TTM	-31.5	-44.2	-11.1	-	-
P/E TTM	-28.7	-40.3	-10.5	-	-
P/FCF TTM	44.4	62.4	-267.5	-	-
Sector Ratios
P/S TTM (Sector)	3.0	3.1	3.2	2.9	2.4
P/EBIT TTM (Sector)	2.7	2.8	-0.0	-0.3	-0.4
P/E TTM (Sector)	-0.2	-0.2	-0.1	-0.6	-0.6
P/FCF TTM (Sector)	10.8	11.5	12.1	13.0	3.5

	2/10/26	2025	2024
Share Price CYE	$54.43	$76.48	$65.36
Market Cap CYE ($ Bil)	10.8	15.2	12.0
Total Debt ($ Bil)	1.1	1.1	0.3
Total Cash ($ Bil)	1.6	1.6	0.6
Enterprise Value ($ Bil)	10.3	16.3	12.3
Valuation Ratios
P/S TTM	9.0	12.7	14.9
P/EBIT TTM	-31.5	-44.2	-11.1
P/E TTM	-28.7	-40.3	-10.5
P/FCF TTM	44.4	62.4	-267.5
Sector Ratios
P/S TTM (Sector)	3.0	3.1	3.2
P/EBIT TTM (Sector)	2.7	2.8	-0.0
P/E TTM (Sector)	-0.2	-0.2	-0.1
P/FCF TTM (Sector)	10.8	11.5	12.1

	RBRK	S&P 500
REVENUE GROWTH	VERY GOOD
Rev LTM ($ Bil)	1.2
Rev Chg Q	48.3%	7.4%
Rev Chg LTM	48.9%	6.4%
Rev Chg 3Y Avg	48.9%	5.6%
PROFITABILITY	VERY POOR
Op Inc LTM ($ Bil)	-0.4
CFO LTM ($ Bil)	0.3
Net Inc LTM ($ Bil)	-0.4
Op Mgn LTM	-31.7%	18.8%
CFO/Rev LTM	22.9%	20.6%
Net Inc Mgn	-31.5%	12.8%
VALUATION	VERY HIGH
P/S	9.0	3.4
P/CFO	39.5	16.4
P/FCF	44.4	21.6
P/E	-28.7	24.8
STABILITY	VERY GOOD
Debt/Equity	0.11	0.20
Cash/Assets	0.63	0.07

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Metric	Value	Date	Source
Subscription Annual Recurring Revenue	$1.25 billion	7312025	Link
Cloud Annual Recurring Revenue	$1.1 billion	10172025	Link
Customers with over $100K in Subscription ARR	2505	7312025	Link
Average Subscription Dollar-Based Net Retention Rate	exceeding 120%	6062025	Link
Subscription ARR Contribution Margin	9.4%	9092025	Link
Net New Subscription ARR	$71 million	10172025	Link

Upcoming
3/12/2026	Earnings Release	Rev: $342 Mil (E) EPS: $-0.11 (E)

Price Chart

Return (1M):

Why The Stock Moved

Qualitative Assessment

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Rubrik (RBRK) stock has lost about 30% since 10/31/2025 because of the following key factors:

1. Significant Analyst Price Target Reductions. Several prominent analyst firms, including Goldman Sachs, Keybanc, and Piper Sandler, significantly lowered their price targets for Rubrik (RBRK) in late 2025 and early 2026, indicating a re-evaluation of the stock's valuation. Goldman Sachs, for instance, reduced its price target by 33.33% from $120.00 to $80.00 in February 2026, despite maintaining a Buy rating. Keybanc and Piper Sandler also made substantial cuts to their price targets in January 2026.

2. Anticipated Fiscal Year 2027 Revenue Headwinds. Despite Rubrik reporting strong fiscal Q3 2026 earnings and raising its full-year revenue and free cash flow guidance, management flagged potential revenue headwinds for fiscal year 2027. These headwinds are attributed to non-recurring material rights revenue, which could temper future growth expectations and introduce uncertainty for investors looking beyond the immediate fiscal year.

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Stock Movement Drivers

Fundamental Drivers

The -28.2% change in RBRK stock from 10/31/2025 to 2/9/2026 was primarily driven by a -33.9% change in the company's P/S Multiple.

(LTM values as of)	10312025	2092026	Change
Stock Price ($)	75.27	54.06	-28.2%
Change Contribution By:
Total Revenues ($ Mil)	1,083	1,197	10.5%
P/S Multiple	13.5	9.0	-33.9%
Shares Outstanding (Mil)	195	198	-1.8%
Cumulative Contribution			-28.2%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 2/9/2026

	Return	Correlation
RBRK	-28.2%
Market (SPY)	1.7%	42.8%
Sector (XLK)	-4.6%	53.1%

Fundamental Drivers

The -43.1% change in RBRK stock from 7/31/2025 to 2/9/2026 was primarily driven by a -51.8% change in the company's P/S Multiple.

(LTM values as of)	7312025	2092026	Change
Stock Price ($)	94.95	54.06	-43.1%
Change Contribution By:
Total Revenues ($ Mil)	978	1,197	22.4%
P/S Multiple	18.6	9.0	-51.8%
Shares Outstanding (Mil)	192	198	-3.4%
Cumulative Contribution			-43.1%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2025 to 2/9/2026

	Return	Correlation
RBRK	-43.1%
Market (SPY)	10.1%	40.0%
Sector (XLK)	9.3%	45.4%

Fundamental Drivers

The -26.2% change in RBRK stock from 1/31/2025 to 2/9/2026 was primarily driven by a -11.3% change in the company's Shares Outstanding (Mil).

(LTM values as of)	1312025	2092026	Change
Stock Price ($)	73.27	54.06	-26.2%
Change Contribution By:
Total Revenues ($ Mil)	�	1,197	0.0%
P/S Multiple	�	9.0	0.0%
Shares Outstanding (Mil)	176	198	-11.3%
Cumulative Contribution			0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2025 to 2/9/2026

	Return	Correlation
RBRK	-26.2%
Market (SPY)	16.3%	52.2%
Sector (XLK)	24.8%	58.1%

Fundamental Drivers

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Market Drivers

1/31/2023 to 2/9/2026

	Return	Correlation
RBRK
Market (SPY)	77.1%	48.1%
Sector (XLK)	115.2%	49.4%

Return vs. Risk

Price Returns Compared

	2021	2022	2023	2024	2025	2026	Total [1]
Returns
RBRK Return	-	-	-	77%	17%	-33%	38%
Peers Return	36%	-15%	46%	58%	7%	-6%	166%
S&P 500 Return	27%	-19%	24%	23%	16%	1%	85%
Monthly Win Rates [3]
RBRK Win Rate	-	-	-	56%	42%	0%
Peers Win Rate	68%	40%	55%	67%	55%	60%
S&P 500 Win Rate	75%	42%	67%	75%	67%	50%
Max Drawdowns [4]
RBRK Max Drawdown	-	-	-	-23%	-21%	-37%
Peers Max Drawdown	-8%	-28%	-10%	-4%	-27%	-13%
S&P 500 Max Drawdown	-1%	-25%	-1%	-2%	-15%	-1%

[1] Cumulative total returns since the beginning of 2021
[2] Peers: CVLT, DELL, NTAP, PSTG, IBM.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/9/2026 (YTD)

How Low Can It Go

RBRK has limited trading history. Below is the Information Technology sector ETF (XLK) in its place.

Unique Key	Event	XLK	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-34.0%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	51.6%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	278 days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-31.5%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	46.0%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	79 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-24.1%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	31.8%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	105 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-53.6%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	115.3%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	1,183 days	1,480 days

Compare to CVLT, DELL, NTAP, PSTG, IBM

In The Past

SPDR Select Sector Fund's stock fell -34.0% during the 2022 Inflation Shock from a high on 12/27/2021. A -34.0% loss requires a 51.6% gain to breakeven.

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About Rubrik (RBRK)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

We are on a mission to secure the world’s data. Cyberattacks are inevitable. Realizing that cyberattacks ultimately target data, we created Zero Trust Data Security to deliver cyber resilience so that organizations can secure their data across the cloud and recover from cyberattacks. We believe that the future of cybersecurity is data security—if your data is secure, your business is resilient. We built Rubrik Security Cloud, or RSC, with Zero Trust design principles to secure data across enterprise, cloud, and software-as-a-service, or SaaS, applications. RSC delivers a cloud native SaaS platform that detects, analyzes, and remediates data security risks and unauthorized user activities. Our platform is architected to help organizations achieve cyber resilience, which encompasses cyber posture and cyber recovery. We enable organizations to confidently accelerate digital transformation and leverage the cloud to realize business agility. Traditional cybersecurity approaches have failed to not only prevent but also provide recovery from increasingly rampant and sophisticated cyberattacks. At the same time, legacy backup and recovery solutions have significant shortfalls in addressing cyber recovery and data security as they were primarily built for operational and natural disaster recoveries. They were not designed to enable reliable recovery from cyberattacks, nor were they designed to natively deliver cyber threat analytics and event response. Architecture matters when it comes to securing data. We built a unique SaaS architecture that combines data and metadata from business applications across enterprise, cloud, and SaaS applications to create self-describing data as a time-series. Self-describing data contains information such as application context, user identity, data sensitivity, and application lineage. This allows us to apply artificial intelligence and machine learning directly to business data to understand emergent data security threats and deliver cyber recovery. Our Zero Trust Data Security platform assumes that information technology infrastructure will be breached, and nothing can be trusted without authentication. Our data threat engine powered by artificial intelligence and machine learning analyzes the self-describing data time-series to derive security intelligence from data and provide remediation recommendations. Automation is at the core of our architecture ethos. Our automated policy-driven platform delivers data security enforcement, incident response orchestration, and API integrations with the broader security ecosystem. We use the following guiding principles to design our RSC platform and products: • Data resilience. Data is always available, notwithstanding cyberattacks, malicious insiders, and operational disruptions. • Data observability. Data is continuously monitored to strengthen data security posture and minimize attack surface. Emergent security risks are identified, contained, and resolved. • Data remediation. Points of infection are identified, threats are remediated, and impacted data assets are rapidly recovered without malware reinfection. Our business is indexed to business data growth. Our customers’ need for our solutions grows in lockstep with their business data growth and their need for additional data security capabilities. We primarily sell subscriptions to RSC through our sales team and partner network by employing a land and expand sales strategy. We land new customers by selling subscriptions to RSC to secure any one of four distinct types of data: private cloud (which we refer to as enterprise), enterprise NAS(1) (which we refer to as unstructured data), cloud, and SaaS applications. Expansion happens along three vectors: the growth of data from applications already secured by Rubrik; new applications secured; and additional data security products. This expansion is driven by a natural flywheel effect in which the value of our platform increases as our customers’ data grows across various applications. As organizations manage more data with RSC, they gain deeper insights into their data, strengthen their overall security posture, and reduce compliance risk. Our average subscription dollar-based net retention rate was 133% as of January 31, 2024. Our platform’s broad applicability allows us to serve organizations of all sizes across a wide range of industries and geographies. As of January 31, 2024, we had more than 6,100 customers, increasing from over 5,000 customers as of January 31, 2023. Organizations around the world rely on Rubrik to achieve business resilience in the face of cyberattacks, malicious insiders, and operational disruptions. As a result, we have experienced rapid growth, with our subscription annual recurring revenue, or Subscription ARR, increasing from $532.9 million as of January 31, 2023, to $784.0 million as of January 31, 2024, representing a 47% increase, and our total revenue increasing from $599.8 million in the fiscal year ended January 31, 2023, or fiscal 2023, to $627.9 million in the fiscal year ended January 31, 2024, or fiscal 2024. We measure our business on the basis of Subscription ARR. Subscription ARR illustrates our success in acquiring new subscription customers and maintaining and expanding our relationships with existing subscription customers. As of January 31, 2024, we had 1,742 customers generating more than $100,000 in Subscription ARR and 99 customers generating more than $1,000,000 in Subscription ARR. We have continued to invest in growing our business and advancing our solutions to capitalize on our market opportunity. (1) Network-Attached Storage. We were initially incorporated under the laws of the State of Delaware in December 2013 under the name ScaleData, Inc. We changed our name to Rubrik, Inc. in October 2014. Our principal executive offices are located at 3495 Deer Creek Road, Palo Alto, California 94304.

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CrowdStrike for data security and ransomware recovery.

ServiceNow for enterprise data protection and recovery.

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Rubrik Security Cloud: A unified software-as-a-service (SaaS) platform that provides data security and data management solutions to protect organizations from cyber threats.
Data Protection & Recovery: Offers comprehensive backup, archival, and instant recovery capabilities for various enterprise workloads across cloud and on-premises environments.
Ransomware Recovery: Provides rapid recovery from cyberattacks by offering immutable backups, threat detection, and orchestrated recovery workflows to minimize downtime.
Data Observability & Governance: Enables organizations to discover sensitive data, monitor data risks, and detect anomalous activity to improve their data security posture and meet compliance requirements.

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Rubrik (symbol: RBRK) primarily sells its enterprise data security, data management, and ransomware recovery solutions to other companies, operating on a business-to-business (B2B) model. Its customer base is highly diversified across various industries globally, including financial services, healthcare, government, manufacturing, and technology.

According to its SEC filings, Rubrik's customer base is broad, and no single customer accounted for more than 1% of its total revenue in recent fiscal periods. This indicates a wide and varied customer portfolio rather than reliance on a few "major" customers by revenue concentration. However, Rubrik highlights numerous prominent organizations as customers in its case studies and marketing materials, showcasing the breadth and impact of its solutions across large enterprises and public sector entities.

Below are examples of some of these notable public company customers identified through Rubrik's public communications and case studies:

BP plc (NYSE: BP)
The Estée Lauder Companies Inc. (NYSE: EL)
National Grid plc (NYSE: NGG)
T-Mobile US, Inc. (NASDAQ: TMUS)
Stora Enso Oyj (HEL: STERV)

Other significant customers, which are private entities or government organizations and thus do not have stock symbols, include AEG (Anschutz Entertainment Group), PricewaterhouseCoopers (PwC), the City of Boston, and the U.S. Department of Defense.

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Amazon (AMZN)
Microsoft (MSFT)
Alphabet (GOOGL)

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Bipul Sinha, CEO, Chairman and Co-Founder
Bipul Sinha co-founded Rubrik in January 2014, and serves as its CEO and Chairman. He is an entrepreneur, engineer, and venture capitalist. Before founding Rubrik, Sinha was a Partner at Lightspeed Venture Partners, where he focused on software, mobile, and internet sectors, with investments including Nutanix, Pulse News, Bromium, and PernixData. Prior to Lightspeed, he worked at Blumberg Capital, where he was the founding investor and board member for Nutanix and Hootsuite. He also held engineering positions at Oracle Corporation, American Megatrends, and IBM. Sinha holds several patents in distributed computing and led Rubrik to a successful IPO on the NYSE in April 2024. Kiran Choudary, Chief Financial Officer
Kiran Choudary leads Rubrik's finance, IT, product operations, and workplace teams. He joined Rubrik in August 2018. Previously, Choudary was the Vice President of Finance & Strategy at Atlassian, where he contributed to the company's successful IPO in 2015. Before Atlassian, he served as Vice President at Goldman Sachs, providing advisory services to technology industry clients on capital raising and mergers and acquisitions. Early in his career, he led software development teams at Oracle. Arvind Nithrakashyap, Co-Founder and CTO
Arvind Nithrakashyap co-founded Rubrik in January 2014. He brings decades of experience in building storage, databases, and distributed systems. Before Rubrik, he led the real-time ad infrastructure team at Rocketfuel and started his career at Oracle, where he co-founded the Exadata storage platform. Peter McGoff, Chief Legal Officer and Corporate Secretary
Peter McGoff has over 20 years of legal experience. Prior to joining Rubrik, he served as Chief Legal Officer and Corporate Secretary at Box, where he contributed to the company's successful IPO in 2015. Before his tenure at Box, McGoff was Senior Vice President and General Counsel at Informatica Corporation. Brian McCarthy, President, Global Field Operations
Brian McCarthy serves as Rubrik's President, Global Field Operations. He is also listed as Chief Revenue Officer.

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Rubrik (RBRK) faces several key business risks, primarily stemming from its financial profile, intense market competition, and the inherent need for continuous innovation in the cybersecurity sector.

1. Lack of Profitability and High Valuation
Despite robust revenue growth, Rubrik has consistently reported net losses since its inception and continues to experience operational losses. For instance, in fiscal years 2023 and 2024, the company incurred net losses of $277.7 million and $354.2 million, respectively. Although Rubrik has recently achieved positive free cash flow and improving gross margins, it is not yet profitable on a GAAP basis and is not projected to reach profitability within the next three years. This financial situation is coupled with a high valuation, as the stock trades at a significant premium price-to-sales (P/S) ratio compared to the broader software sector and IT sector. This elevated valuation suggests that the market has factored in near-perfect execution, leaving minimal room for error. Should Rubrik's revenue forecasts fall short of these high expectations, the stock could experience a significant sell-off. Additionally, negative shareholder equity is noted as a risk.

2. Intense Competition and Pricing Pressure
Rubrik operates in a highly competitive data protection and cybersecurity market. The company competes against a diverse range of players, including fast-growing private entities like Cohesity and Veeam, established incumbents such as Commvault and IBM, and larger cybersecurity firms like Fortinet and Datadog. This intense competitive landscape can lead to significant pricing pressure, which could erode Rubrik's margins and impact its revenue growth and market share. While Rubrik aims to differentiate itself through cyber resilience and a user-friendly, cloud-native architecture, maintaining this edge against numerous innovative competitors is an ongoing challenge.

3. Dependence on Continuous Innovation and Execution Risks
Rubrik's long-term success hinges on its ability to continuously innovate and commercialize pioneering products in the rapidly evolving cybersecurity threat landscape. This strategic imperative necessitates substantial and ongoing investment in multiple technologies to maintain a competitive advantage and stave off rivals. Such a business model carries inherent execution risks, as the significant capital required for continuous innovation may delay the company's path to profitability. Furthermore, the company's success is closely tied to its senior management and skilled personnel, meaning the loss of key employees could disrupt operations and impede innovation and growth.

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The emergence of Microsoft 365 Backup as a native, deeply integrated data protection and recovery service poses a clear emerging threat to Rubrik. While Rubrik offers comprehensive data security and operational resilience across hybrid and multi-cloud environments, including protection for SaaS applications like Microsoft 365, Microsoft's native offering could erode Rubrik's market share in the M365 protection segment. Microsoft 365 Backup offers rapid, petabyte-scale recovery directly within the Microsoft ecosystem, potentially appealing to organizations seeking a consolidated, platform-native solution, thereby reducing the need for third-party vendors for a significant portion of their SaaS data.

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Rubrik (RBRK) operates in a significant and growing market for data security and cyber resilience solutions globally. Based on Gartner estimates, Rubrik's total addressable market (TAM) is projected to reach approximately $36.3 billion by the end of calendar year 2024. This market is expected to expand further to an estimated $52.9 billion by the end of calendar year 2027, representing an average compound annual growth rate (CAGR) of 13%.

The company's addressable market encompasses its core offerings, which include data management (such as backup and recovery software) and security solutions. In 2024, the addressable market for data management is estimated at $12.9 billion, while the security market is projected at $23.4 billion. These figures reflect the global market size.

Rubrik's main products and services are centered around its Zero Trust Data Security platform, Rubrik Security Cloud (RSC), which provides comprehensive data protection, data threat analytics, and cyber recovery solutions across enterprise, cloud, and SaaS environments. The TAM also includes specialized segments such as application security, cloud security, cloud security posture management, data security, and privileged access management software. Rubrik is further expanding its market opportunity by focusing on identity resilience and AI operations.

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Rubrik (RBRK) is expected to drive future revenue growth over the next 2-3 years through several key strategies and market trends:

Expansion of Subscription Annual Recurring Revenue (ARR) and Customer Base: Rubrik consistently reports strong growth in its subscription ARR, indicating both successful acquisition of new customers and increased spending from existing ones. The company has seen a significant rise in customers with $100,000 or more in subscription ARR, which contribute a substantial portion of its total subscription ARR. This expansion within the existing customer base, reflected in a strong subscription Net Revenue Retention (NRR) rate, is a key driver.
Increasing Adoption of Rubrik Security Cloud (RSC) and Cloud-based Solutions: The Rubrik Security Cloud is a central component of the company's growth strategy, with strong adoption leading to significant Cloud ARR growth. Rubrik is expanding its cloud data protection capabilities to cover various platforms, including Amazon RDS for PostgreSQL and Amazon DynamoDB, addressing the increasing need for cyber resilience in multi-cloud environments.
Innovation and Integration of AI-driven Data Security and Identity Resilience: Rubrik is actively investing in and launching new products that integrate data security, identity resilience, and artificial intelligence. The company's focus on identity solutions, such as Rubrik Identity Recovery and Rubrik Identity Resilience, addresses the evolving threat landscape where attackers often target identities. Furthermore, the acquisition of Predibase and the introduction of offerings like Agent Rewind highlight Rubrik's commitment to leveraging generative AI for secure and efficient data management and recovery.
Strategic Focus on Cyber Resilience: Rubrik has firmly positioned itself as a leader in the cyber resilience market, providing solutions that enable enterprises to secure their data, monitor for risks, and rapidly recover from cyberattacks, malicious insiders, and operational disruptions. This strategic alignment with a critical and growing market need provides a significant tailwind for future revenue growth.

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Share Repurchases

Rubrik has not engaged in significant share repurchases, with a reported value of $0.00 for share buybacks.

Share Issuance

Rubrik completed its Initial Public Offering (IPO) on April 25, 2024, selling 23.5 million shares of Class A common stock at $32.00 per share and raising approximately $752 million.
The company granted underwriters an option to purchase up to an additional 3,525,000 shares of Class A common stock at the IPO price.
Rubrik's shares outstanding significantly increased from 0.061 billion in 2024 to 0.154 billion in 2025, marking a 154.49% increase.

Inbound Investments

Microsoft made an equity investment in Rubrik in 2021 as part of a strategic agreement.
This investment reportedly valued Rubrik at approximately $4 billion.
Rubrik has raised a total of $1.18 billion to date from various investors including Bain Capital Ventures, Lightspeed Venture Partners, Greylock Partners, and Khosla Ventures.

Outbound Investments

In August 2023, Rubrik acquired Laminar, a data security posture management (DSPM) platform, for $104.9 million, of which $90.8 million was paid in cash.

Capital Expenditures

Rubrik has projected capital expenditures of $51 million for 2026, increasing to $101 million by 2030, representing approximately 4% of revenue annually.
The company has committed to spending $220 million over the next decade for the use of Microsoft's Azure cloud service.
Rubrik continues to invest in research and development (R&D) to drive innovation across data, security, and artificial intelligence (AI) markets.

Interactive Breakdown

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Better Bets vs. Rubrik (RBRK)

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Latest Trefis Analyses

	Title	Date
0	DASHBOARDS
1	Rubrik Earnings Notes	12/26/2025
2	Rubrik (RBRK +22%): Q3 Profitability Inflection Drives AI-Security Re-Rate	12/08/2025
3	With Rubrik Stock Surging, Have You Considered The Downside?	10/17/2025
4	How Does Rubrik Stock Stack Up Against Its Peers?	08/13/2025
5	Rubrik (RBRK) Valuation Ratios Comparison	05/15/2025
6	Rubrik (RBRK) Operating Cash Flow Comparison	02/17/2025
7	Rubrik (RBRK) Net Income Comparison	02/16/2025
8	Rubrik (RBRK) Operating Income Comparison	02/15/2025
9	ARTICLES
10	RBRK Stock Analysis: Strong Growth Meets Rich Valuation	12/05/2025
11	Buy Or Fear Rubrik Stock?	09/16/2025
12	Will Rubrik Stock Trend Higher Post Earnings?	06/03/2025

	Title
0	DASHBOARDS
1	Rubrik Earnings Notes
2	Rubrik (RBRK +22%): Q3 Profitability Inflection Drives AI-Security Re-Rate
3	With Rubrik Stock Surging, Have You Considered The Downside?
4	How Does Rubrik Stock Stack Up Against Its Peers?
5	Rubrik (RBRK) Valuation Ratios Comparison
6	Rubrik (RBRK) Operating Cash Flow Comparison
7	Rubrik (RBRK) Net Income Comparison
8	Rubrik (RBRK) Operating Income Comparison
9	ARTICLES
10	RBRK Stock Analysis: Strong Growth Meets Rich Valuation
11	Buy Or Fear Rubrik Stock?
12	Will Rubrik Stock Trend Higher Post Earnings?

Trade Ideas

Select ideas related to RBRK.

Unique Key

Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
VAL	Valaris	5.9	34.3%	66.3%
BLSH	Bullish	4.3	16.8%	-15.4%
PLSE	Pulse Biosciences	1.6	16.7%	76.3%
WULF	TeraWulf	6.7	16.5%	44.9%
GOLD	Gold.com	1.6	15.9%	88.4%
AXTI	AXT	1.2	15.4%	69.8%
IBRX	ImmunityBio	6.6	14.5%	250.0%
UI	Ubiquiti	43.1	14.5%	28.7%
NEWP	New Pacific Metals	0.7	14.2%	10.0%
CIFR	Cipher Mining	6.6	13.8%	13.6%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
KD	Kyndryl	2.4	-54.9%	-60.1%
PGY	Pagaya Technologies	1.1	-23.9%	-32.1%
CLF	Cleveland-Cliffs	6.1	-16.4%	-7.3%
HIMS	Hims & Hers Health	4.4	-16.0%	-40.5%
GTN-A	Gray Media	1.2	-15.2%	-0.9%
WAT	Waters	19.5	-13.9%	-13.6%
GSHD	Goosehead Insurance	1.4	-13.2%	-22.0%
WTW	Willis Towers Watson	28.4	-12.1%	-11.7%
ASTH	Astrana Health	0.9	-11.9%	-25.1%
ALX	Alexander's	1.2	-11.1%	4.1%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
PLSE	Pulse Biosciences	1.6	76.6%	76.3%
INNV	InnovAge	1.2	53.2%	68.2%
VAL	Valaris	5.9	44.7%	66.3%
SLAB	Silicon Laboratories	6.7	43.2%	57.2%
ENPH	Enphase Energy	6.6	37.9%	56.9%
STKL	SunOpta	0.8	36.8%	68.2%
LITE	Lumentum	40.6	36.3%	56.6%
FORM	FormFactor	7.3	33.1%	70.1%
AXTI	AXT	1.2	32.6%	69.8%
UI	Ubiquiti	43.1	30.8%	28.7%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
KD	Kyndryl	2.4	-54.6%	-60.1%
FLNC	Fluence Energy	2.5	-37.2%	-1.9%
NUTX	Nutex Health	0.7	-35.1%	-36.4%
FUBO	FuboTV	0.5	-34.4%	-40.9%
CRVL	CorVel	2.4	-34.1%	-32.0%
NIQ	NIQ Global Intelligence	2.9	-31.5%	-36.7%
MOH	Molina Healthcare	6.7	-29.6%	-26.5%
PGY	Pagaya Technologies	1.1	-28.1%	-32.1%
INTA	Intapp	2.0	-27.5%	-46.8%
HIMS	Hims & Hers Health	4.4	-26.9%	-40.5%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
IBRX	ImmunityBio	6.6	209.4%	250.0%
CRVS	Corvus Pharmaceuticals	1.7	194.9%	165.1%
ERAS	Erasca	3.4	106.7%	222.8%
RAPT	RAPT Therapeutics	1.6	85.2%	70.6%
MOD	Modine Manufacturing	11.5	82.6%	64.1%
ASM	Avino Silver & Gold Mines	1.6	75.5%	73.3%
SNDK	SanDisk	85.8	74.4%	145.8%
STKL	SunOpta	0.8	71.3%	68.2%
KOS	Kosmos Energy	0.7	70.8%	70.8%
GOLD	Gold.com	1.6	68.5%	88.4%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
KD	Kyndryl	2.4	-61.2%	-60.1%
BBNX	Beta Bionics	0.6	-56.6%	-54.5%
PI	Impinj	3.3	-46.4%	-35.8%
INTA	Intapp	2.0	-44.8%	-46.8%
RDDT	Reddit	26.7	-44.2%	-38.3%
PGY	Pagaya Technologies	1.1	-43.2%	-32.1%
NUTX	Nutex Health	0.7	-43.2%	-36.4%
HIMS	Hims & Hers Health	4.4	-42.9%	-40.5%
BETA	BETA Technologies	3.7	-41.4%	-40.7%
FIG	Figma	8.9	-40.6%	-40.8%

Peer Comparisons

Peers to compare with:

Financials

	RBRK	CVLT	DELL	NTAP	PSTG	IBM	Median
Name	Rubrik	CommVaul.	Dell Tec.	NetApp	Pure Sto.	Internat.
Mkt Price	54.06	87.86	120.91	103.68	74.42	294.66	95.77
Mkt Cap	10.7	3.9	81.1	20.6	24.5	275.2	22.6
Rev LTM	1,197	1,147	104,090	6,637	3,484	65,402	5,060
Op Inc LTM	-379	97	6,924	1,500	70	11,544	799
FCF LTM	243	181	4,449	1,676	567	11,854	1,121
FCF 3Y Avg	-	192	4,781	1,360	532	11,753	1,360
CFO LTM	273	189	7,096	1,860	821	13,483	1,340
CFO 3Y Avg	-	197	7,474	1,534	759	13,498	1,534

Growth & Margins

	RBRK	CVLT	DELL	NTAP	PSTG	IBM	Median
Name	Rubrik	CommVaul.	Dell Tec.	NetApp	Pure Sto.	Internat.
Rev Chg LTM	48.9%	21.5%	10.8%	2.5%	13.2%	4.5%	12.0%
Rev Chg 3Y Avg	-	13.6%	0.2%	0.6%	9.6%	2.6%	2.6%
Rev Chg Q	48.3%	19.5%	10.8%	2.8%	16.0%	9.1%	13.4%
QoQ Delta Rev Chg LTM	10.5%	4.7%	2.6%	0.7%	4.0%	2.1%	3.3%
Op Mgn LTM	-31.7%	8.5%	6.7%	22.6%	2.0%	17.7%	7.6%
Op Mgn 3Y Avg	-	8.9%	6.1%	20.8%	3.0%	16.4%	8.9%
QoQ Delta Op Mgn LTM	7.9%	0.7%	0.2%	0.8%	-0.3%	0.6%	0.6%
CFO/Rev LTM	22.9%	16.5%	6.8%	28.0%	23.6%	20.6%	21.7%
CFO/Rev 3Y Avg	-	20.7%	7.8%	23.8%	24.2%	21.4%	21.4%
FCF/Rev LTM	20.3%	15.8%	4.3%	25.3%	16.3%	18.1%	17.2%
FCF/Rev 3Y Avg	-	20.2%	5.0%	21.1%	17.0%	18.6%	18.6%

Valuation

	RBRK	CVLT	DELL	NTAP	PSTG	IBM	Median
Name	Rubrik	CommVaul.	Dell Tec.	NetApp	Pure Sto.	Internat.
Mkt Cap	10.7	3.9	81.1	20.6	24.5	275.2	22.6
P/S	9.0	3.4	0.8	3.1	7.0	4.2	3.8
P/EBIT	-31.2	38.7	10.2	13.7	139.3	24.2	18.9
P/E	-28.5	44.5	15.6	17.5	188.1	34.8	26.2
P/CFO	39.2	20.5	11.4	11.1	29.9	20.4	20.4
Total Yield	-3.5%	2.2%	8.2%	7.7%	0.5%	5.1%	3.7%
Dividend Yield	0.0%	0.0%	1.8%	2.0%	0.0%	2.3%	0.9%
FCF Yield 3Y Avg	-	3.9%	7.2%	6.4%	3.2%	6.0%	6.0%
D/E	0.1	0.2	0.4	0.1	0.0	0.2	0.2
Net D/E	-0.0	-0.0	0.3	-0.0	-0.1	0.2	-0.0

Returns

	RBRK	CVLT	DELL	NTAP	PSTG	IBM	Median
Name	Rubrik	CommVaul.	Dell Tec.	NetApp	Pure Sto.	Internat.
1M Rtn	-23.4%	-29.2%	0.7%	-1.6%	11.1%	-3.1%	-2.4%
3M Rtn	-28.9%	-32.6%	-14.9%	-7.4%	-19.5%	-4.7%	-17.2%
6M Rtn	-36.9%	-52.7%	-11.9%	-1.2%	29.8%	25.4%	-6.5%
12M Rtn	-27.4%	-50.0%	15.8%	-13.9%	7.7%	19.8%	-3.1%
3Y Rtn	46.1%	37.3%	200.2%	66.8%	143.6%	139.5%	103.1%
1M Excs Rtn	-25.2%	-29.9%	1.9%	-2.4%	12.6%	-3.3%	-2.8%
3M Excs Rtn	-28.1%	-33.4%	-22.2%	-12.1%	-23.7%	-9.3%	-23.0%
6M Excs Rtn	-47.2%	-61.1%	-20.4%	-10.5%	18.0%	13.3%	-15.5%
12M Excs Rtn	-42.7%	-63.6%	1.8%	-29.2%	-7.7%	4.8%	-18.5%
3Y Excs Rtn	-20.5%	-33.5%	135.7%	-6.4%	79.2%	74.4%	34.0%

Comparison Analyses

	Title
0	How Does Rubrik Stock Stack Up Against Its Peers?

FDIC Bank Data

Bank Capital

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Bank Deposits

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Bank Assets

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Bank Loans

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FDA Approved Drugs Data

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Financials

Annual
Quarterly

$ Mil \| FY: 1/31	LTM	2025	2024	2023	2022	2021
Period End	10/31/2025	1/31/2025	1/31/2024	1/31/2023	1/31/2022	1/31/2021
Filing Date	12/8/2025	3/20/2025	4/26/2024	2/5/2024	3/3/2023	3/3/2023
Key Financials
Total Revenue	1,197	887	628	600	506	388
EBITDA	-310	-1,078	-273	-235	-228	-190
Operating Income	-379	-1,134	-307	-262	-250	-209
Net Income	-377	-1,155	-354	-278	-254	-213
EPS	-1.95	-7.48	-2.01	-1.58	-1.45	-1.21
Growth Rates
Total Revenue Growth	48.9%	41.2%	4.7%	18.5%	30.5%	-
EBITDA Growth	70.7%	-295.2%	-16.1%	-3.0%	-20.2%	-
Operating Income Growth	65.6%	-270.0%	-17.2%	-4.7%	-19.5%	-
Net Income Growth	66.9%	-226.1%	-27.5%	-9.2%	-19.4%	-
Margins
EBITDA Margin	-25.9%	-121.6%	-43.5%	-39.2%	-45.1%	-49.0%
Operating Income Margin	-31.7%	-127.9%	-48.8%	-43.6%	-49.4%	-53.9%
Net Income Margin	-31.5%	-130.3%	-56.4%	-46.3%	-50.3%	-55.0%
Cash & Debt
Total Cash	1,603	705	279	296	139	217
Total Debt	1,141	332	298	189	6	6
Net Debt / (Cash)	-462	-373	18	-107	-132	-211
Cash Flows
Net Cash from Operations	273	48	-5	19	-83	-59
Free Cash from Operations	243	22	-25	-15	-103	-75
Returns to Shareholders
Dividends	0	-0	-0	-0	-0	-0
Share Repurchases	-0	-0	-0	0	1	1

$ Mil \| FY: 1/31	2026Q3	2026Q2	2026Q1	2025Q4	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1
Period End	10/31/2025	7/31/2025	4/30/2025	1/31/2025	10/31/2024	7/31/2024	4/30/2024	1/31/2024	10/31/2023	7/31/2023	4/30/2023
Filing Date	12/8/2025	9/10/2025	6/9/2025	3/20/2025	12/12/2024	9/12/2024	6/13/2024	4/26/2024	12/12/2024	2/5/2024	6/13/2024
Key Financials Quarterly
Total Revenue	350	310	278	258	236	205	187	175	166	152	136
Ebitda	-50	-80	-83	-96	-111	-156	-715	-74	-56	-66	-77
Operating Income	-75	-94	-93	-116	-125	-168	-725	-83	-65	-74	-85
Net Income	-64	-96	-102	-115	-131	-177	-732	-97	-86	-81	-89
EPS	-0.32	-0.49	-0.53	-0.61	-0.71	-0.98	-11.48	-0.55	-0.49	-0.46	-0.51
Key Financials TTM
Total Revenue TTM	1,197	1,083	978	887	803	733	679	628	-	-	-
Ebitda TTM	-310	-371	-446	-1,078	-1,056	-1,001	-911	-273	-	-	-
Operating Income TTM	-379	-428	-502	-1,134	-1,101	-1,042	-947	-307	-	-	-
Net Income TTM	-377	-444	-525	-1,155	-1,137	-1,093	-997	-354	-	-	-
Growth Rates Quarterly
Total Revenue Growth	48.3%	51.2%	48.7%	47.5%	42.6%	35.2%	38.0%	-	-	-	-
EBITDA Growth	55.1%	48.3%	88.4%	-30.1%	-98.6%	-135.9%	-829.5%	-	-	-	-
Operating Income Growth	39.5%	43.9%	87.2%	-39.7%	-91.2%	-128.9%	-756.8%	-	-	-	-
Net Income Growth	51.2%	45.8%	86.1%	-17.8%	-51.7%	-118.1%	-720.1%	-	-	-	-
Margins Quarterly
EBITDA Margin	-14.3%	-26.0%	-29.8%	-37.3%	-47.1%	-75.9%	-381.9%	-42.3%	-33.8%	-43.5%	-56.7%
Operating Income Margin	-21.6%	-30.5%	-33.4%	-45.0%	-52.8%	-82.1%	-387.0%	-47.5%	-39.4%	-48.5%	-62.3%
Net Income Margin	-18.2%	-31.0%	-36.7%	-44.5%	-55.4%	-86.3%	-390.8%	-55.7%	-52.1%	-53.5%	-65.8%
Cash & Debt
Total Cash	1,603	1,523	762	705	632	601	606	279	-	262	-
Total Debt	1,141	1,141	335	332	326	317	308	298	0	195	0
Net Debt / (Cash)	-462	-382	-427	-373	-306	-284	-299	18	-	-67	-
Cash Flows Quarterly
FCF from Operations	85	65	40	84	23	-27	-31	13	7	-7	-17
Cash Flows TTM
FCF from Operations TTM	273	211	119	48	-23	-39	-18	-5	-	-	-
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	-14.3%	-18.1%	-19.0%	-24.3%	-26.3%	-37.2%	-180.8%	-118.1%	-	-164.8%	-
Return on Invested Capital (ROIC) TTM
ROIC TTM	-17.9%	-20.5%	-25.7%	-59.3%	-58.1%	-57.6%	-59.1%	-108.9%	-	-	-

Segment Financials

Revenue by Segment

$ Mil	2025	2024	2023	2022
Software and services	628
Maintenance		76	91	90
Other		138	155	135
Subscription		385	261	163
Total	628	600	506	388

Net Income by Segment

$ Mil	2025	2024	2023	2022
Software and services	-354
Total	-354

Price Behavior

Price Behavior

Market Price	$54.06
Market Cap ($ Bil)	10.7
First Trading Date	04/25/2024
Distance from 52W High	-45.8%
	50 Days	200 Days
DMA Price	$70.90	$79.91
DMA Trend	indeterminate	down
Distance from DMA	-23.8%	-32.3%
	3M	1YR
Volatility	69.2%	68.8%
Downside Capture	401.00	218.33
Upside Capture	171.32	153.01
Correlation (SPY)	41.2%	51.9%

RBRK Betas & Captures as of 1/31/2026

	1M	2M	3M	6M	1Y	3Y
Beta	1.29	2.40	2.13	1.97	1.81	0.50
Up Beta	-0.90	-2.85	-0.08	1.42	1.91	0.23
Down Beta	0.21	2.05	1.97	1.68	1.71	-0.29
Up Capture	-93%	226%	177%	125%	192%	100%
Bmk +ve Days	11	22	34	71	142	430
Stock +ve Days	8	17	25	57	124	230
Down Capture	640%	442%	304%	249%	145%	102%
Bmk -ve Days	9	19	27	54	109	321
Stock -ve Days	12	24	36	68	126	210

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Based On 1-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with RBRK
RBRK	-31.8%	68.6%	-0.29	-
Sector ETF (XLK)	22.8%	27.5%	0.73	58.2%
Equity (SPY)	15.5%	19.4%	0.62	52.5%
Gold (GLD)	78.8%	24.9%	2.30	6.2%
Commodities (DBC)	9.9%	16.6%	0.40	17.4%
Real Estate (VNQ)	4.8%	16.5%	0.11	25.8%
Bitcoin (BTCUSD)	-27.0%	44.8%	-0.57	29.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with RBRK
RBRK	6.8%	64.1%	0.54	-
Sector ETF (XLK)	17.3%	24.7%	0.63	49.7%
Equity (SPY)	14.2%	17.0%	0.67	48.4%
Gold (GLD)	22.3%	16.9%	1.07	10.9%
Commodities (DBC)	11.6%	18.9%	0.49	16.4%
Real Estate (VNQ)	5.0%	18.8%	0.17	20.5%
Bitcoin (BTCUSD)	14.7%	58.0%	0.47	23.7%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 10-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with RBRK
RBRK	3.4%	64.1%	0.54	-
Sector ETF (XLK)	22.7%	24.2%	0.86	49.7%
Equity (SPY)	15.5%	17.9%	0.74	48.4%
Gold (GLD)	15.8%	15.5%	0.85	10.9%
Commodities (DBC)	8.3%	17.6%	0.39	16.4%
Real Estate (VNQ)	6.0%	20.7%	0.25	20.5%
Bitcoin (BTCUSD)	69.0%	66.8%	1.08	23.7%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date	1152026
Short Interest: Shares Quantity	11.9 Mil
Short Interest: % Change Since 12312025	12.5%
Average Daily Volume	3.0 Mil
Days-to-Cover Short Interest	4.0 days
Basic Shares Quantity	198.4 Mil
Short % of Basic Shares	6.0%

Returns Analyses

	Title
0	With Rubrik Stock Surging, Have You Considered The Downside?

Earnings Returns History

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	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
12/4/2025	22.5%	23.6%	9.1%
9/9/2025	-18.1%	-23.9%	-14.5%
6/5/2025	-0.7%	-10.0%	-7.1%
3/13/2025	27.8%	27.0%	6.7%
12/5/2024	20.4%	38.3%	19.9%
9/9/2024	-1.5%	-2.1%	8.0%
6/11/2024	-8.9%	-13.1%	-4.0%
SUMMARY STATS
# Positive	3	3	4
# Negative	4	4	3
Median Positive	22.5%	27.0%	8.6%
Median Negative	-5.2%	-11.5%	-7.1%
Max Positive	27.8%	38.3%	19.9%
Max Negative	-18.1%	-23.9%	-14.5%

	Forward Returns
12/4/2025	22.5%	23.6%	9.1%
9/9/2025	-18.1%	-23.9%	-14.5%
6/5/2025	-0.7%	-10.0%	-7.1%
3/13/2025	27.8%	27.0%	6.7%
12/5/2024	20.4%	38.3%	19.9%
9/9/2024	-1.5%	-2.1%	8.0%
6/11/2024	-8.9%	-13.1%	-4.0%
SUMMARY STATS
# Positive	3	3	4
# Negative	4	4	3
Median Positive	22.5%	27.0%	8.6%
Median Negative	-5.2%	-11.5%	-7.1%
Max Positive	27.8%	38.3%	19.9%
Max Negative	-18.1%	-23.9%	-14.5%

SEC Filings

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Report Date	Filing Date	Filing
10/31/2025	12/08/2025	10-Q
07/31/2025	09/10/2025	10-Q
04/30/2025	06/09/2025	10-Q
01/31/2025	03/20/2025	10-K
10/31/2024	12/12/2024	10-Q
07/31/2024	09/12/2024	10-Q
04/30/2024	06/13/2024	10-Q
01/31/2024	04/26/2024	424B4
07/31/2023	02/05/2024	DRS/A
01/31/2022	03/03/2023	DRS/A

Insider Activity

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#	Owner	Title	Holding	Action	Filing Date	Price	Shares	Transacted Value	Value of Held Shares	Form
1	Thompson, John Wendell		John and Sandra Thompson Trust	Sell	1062026	73.87	2,500	184,663	73,717	Form
2	Thompson, John Wendell		Direct	Sell	1062026	73.84	11,000	812,241	199,516	Form
3	Choudary, Kiran Kumar	Chief Financial Officer	Direct	Sell	12232025	79.25	3,500	277,389	40,138,902	Form
4	McCarthy, Brian K	Pres.,Global Sales & Field Ops	Direct	Sell	12182025	76.18	4,797	365,455	25,961,393	Form
5	Choudary, Kiran Kumar	Chief Financial Officer	Direct	Sell	12182025	76.18	6,779	516,452	38,698,411	Form

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#	Owner	Title	Holding	Action	Filing Date	Price	Shares	Transacted Value	Value of Held Shares	Form
1	Thompson, John Wendell		John and Sandra Thompson Trust	Sell	1062026	73.87	2,500	184,663	73,717	Form
2	Thompson, John Wendell		Direct	Sell	1062026	73.84	11,000	812,241	199,516	Form
3	Choudary, Kiran Kumar	Chief Financial Officer	Direct	Sell	12232025	79.25	3,500	277,389	40,138,902	Form
4	McCarthy, Brian K	Pres.,Global Sales & Field Ops	Direct	Sell	12182025	76.18	4,797	365,455	25,961,393	Form
5	Choudary, Kiran Kumar	Chief Financial Officer	Direct	Sell	12182025	76.18	6,779	516,452	38,698,411	Form
6	Nithrakashyap, Arvind	Chief Technology Officer	Direct	Sell	12182025	76.19	31,450	2,396,176	26,110,542	Form
7	Mhatre, Ravi		Lightspeed Venture Partners X, L.P.	Sell	12152025	81.82	101,659			Form
8	McCarthy, Brian K	Pres.,Global Sales & Field Ops	Direct	Sell	12102025	90.83	10,000	908,318	30,820,956	Form
9	Choudary, Kiran Kumar	Chief Financial Officer	Direct	Sell	12102025	91.46	3,500	320,110	46,420,614	Form
10	Thompson, John Wendell		John and Sandra Thompson Trust	Sell	12022025	68.75	9,009	619,345	68,610	Form
11	Choudary, Kiran Kumar	Chief Financial Officer	Direct	Sell	11202025	69.46	3,500	243,121	35,360,282	Form
12	McCarthy, Brian K	Pres.,Global Sales & Field Ops	Direct	Sell	11122025	75.90	10,000	758,954	26,511,714	Form
13	Choudary, Kiran Kumar	Chief Financial Officer	Direct	Sell	11062025	72.29	3,500	253,015	36,907,732	Form
14	Thompson, John Wendell		John and Sandra Thompson Trust	Sell	11042025	75.45	9,009	679,721	75,298	Form
15	Choudary, Kiran Kumar	Chief Financial Officer	Direct	Sell	10162025	79.78	3,500	279,236	40,852,307	Form
16	McCarthy, Brian K	Pres.,Global Sales & Field Ops	Direct	Sell	10142025	83.03	10,000	830,334	29,835,481	Form
17	Choudary, Kiran Kumar	Chief Financial Officer	Direct	Sell	10022025	82.68	3,500	289,370	42,458,900	Form
18	Thompson, John Wendell		John and Sandra Thompson Trust	Sell	10022025	82.76	9,009	745,607	82,597	Form
19	McCarthy, Brian K	Chief Revenue Officer	Direct	Sell	9182025	74.21	4,670	346,561	30,250,371	Form
20	Nithrakashyap, Arvind	Chief Technology Officer	Direct	Sell	9182025	74.21	40,170	2,981,016	24,751,113	Form
21	Choudary, Kiran Kumar	Chief Financial Officer	Direct	Sell	9182025	74.21	6,599	489,712	38,306,015	Form
22	Choudary, Kiran Kumar	Chief Financial Officer	Direct	Sell	9182025	74.82	3,500	261,870	38,508,657	Form
23	Sinha, Bipul	Chairman of the Board and CEO	Direct	Sell	9122025	75.63	615,807	46,573,483	15,629,091	Form
24	Choudary, Kiran Kumar	Chief Financial Officer	Direct	Sell	9042025	88.26	3,500	308,910	45,506,415	Form
25	Thompson, John Wendell		John and Sandra Thompson Trust	Sell	9042025	87.83	9,009	791,267	87,655	Form
26	McCarthy, Brian K	Chief Revenue Officer	Direct	Sell	9042025	87.84	12,500	1,098,008	35,667,884	Form
27	Choudary, Kiran Kumar	Chief Financial Officer	Direct	Sell	8212025	82.93	3,500	290,255	42,882,688	Form
28	Choudary, Kiran Kumar	Chief Financial Officer	Direct	Sell	8072025	88.37	3,500	309,295	45,828,240	Form
29	Thompson, John Wendell		John and Sandra Thompson Trust	Sell	8042025	87.29	9,009	786,369	87,112	Form
30	McCarthy, Brian K	Chief Revenue Officer	Direct	Sell	8042025	87.29	12,500	1,091,103	36,534,654	Form
31	Choudary, Kiran Kumar	Chief Financial Officer	Direct	Sell	7242025	83.90	3,500	293,650	43,635,970	Form
32	Choudary, Kiran Kumar	Chief Financial Officer	Direct	Sell	7112025	87.54	3,500	306,390	45,660,426	Form
33	Wassenaar, Yvonne		Direct	Sell	7082025	88.21	2,000	176,412	251,828	Form
34	Thompson, John Wendell		John and Sandra Thompson Trust	Sell	7072025	85.96	9,009	774,456	85,793	Form
35	McCarthy, Brian K	Chief Revenue Officer	Direct	Sell	7072025	85.97	25,000	2,149,294	37,058,299	Form
36	Mhatre, Ravi		Lightspeed Management Company, L.L.C.	Sell	7022025	89.47	16,984			Form
37	Lightspeed, Management Company, Llc		Direct	Sell	7022025	89.47	16,984			Form
38	Choudary, Kiran Kumar	Chief Financial Officer	Direct	Sell	6272025	91.00	3,500	318,500	47,601,645	Form
39	Salem, Enrique T		See footnotes	Sell	6262025	89.78	21,924			Form
40	Nithrakashyap, Arvind	Chief Technology Officer	Direct	Sell	6202025	88.56	43,128	3,819,541	3,376,195	Form
41	McCarthy, Brian K	Chief Revenue Officer	Direct	Sell	6202025	88.56	4,782	423,508	40,389,288	Form
42	Choudary, Kiran Kumar	Chief Financial Officer	Direct	Sell	6202025	88.56	6,757	598,420	46,459,655	Form
43	Salem, Enrique T		See footnotes	Sell	6172025	91.09	700,000			Form
44	Choudary, Kiran Kumar	Chief Financial Officer	Direct	Sell	6132025	88.25	3,500	308,873	46,257,262	Form
45	Choudary, Kiran Kumar	Chief Financial Officer	Direct	Sell	6092025	100.24	30,000	3,007,200	52,291,700	Form
46	McCarthy, Brian K	Chief Revenue Officer	Direct	Sell	6092025	100.18	25,000	2,504,500	45,540,225	Form
47	Nithrakashyap, Arvind	Chief Technology Officer	Direct	Sell	6052025	98.85	32,484			Form
48	Nithrakashyap, Arvind	Chief Technology Officer	Direct	Sell	6052025	98.38	32,484			Form
49	Nithrakashyap, Arvind	Chief Technology Officer	Direct	Sell	6052025	99.83	32,477			Form
50	Wassenaar, Yvonne		Direct	Sell	6052025	99.98	2,000	199,960	15,297	Form
51	Thompson, John Wendell		John and Sandra Thompson Trust	Sell	6042025	98.21	9,009	884,803	98,017	Form
52	McCarthy, Brian K	Chief Revenue Officer	Direct	Sell	6042025	98.20	25,000	2,455,098	47,097,034	Form
53	Choudary, Kiran Kumar	Chief Financial Officer	Direct	Sell	5302025	94.86	3,500	332,010	52,330,942	Form
54	McCarthy, Brian K	Chief Revenue Officer	Direct	Sell	5272025	90.10	25,000	2,252,500	45,463,018	Form
55	Choudary, Kiran Kumar	Chief Financial Officer	Direct	Sell	5272025	90.07	10,000	900,700	50,003,712	Form
56	Choudary, Kiran Kumar	Chief Financial Officer	Direct	Sell	5152025	80.04	20,000	1,600,800	45,515,947	Form
57	Choudary, Kiran Kumar	Chief Financial Officer	Direct	Sell	5152025	83.81	3,500	293,351	47,369,116	Form
58	McCarthy, Brian K	Chief Revenue Officer	Direct	Sell	5152025	80.01	25,000	2,000,250	42,372,016	Form
59	Nithrakashyap, Arvind	Chief Technology Officer	Direct	Sell	5072025	75.03	32,484	2,437,204	6,703,212	Form
60	Nithrakashyap, Arvind	Chief Technology Officer	Direct	Sell	5072025	73.17	32,484	2,376,726	4,160,149	Form
61	Nithrakashyap, Arvind	Chief Technology Officer	Direct	Sell	5072025	75.20	32,484	2,442,701	1,832,928	Form
62	Choudary, Kiran Kumar	Chief Financial Officer	Direct	Sell	5072025	75.00	5,000	375,000	44,149,875	Form
63	Wassenaar, Yvonne		Direct	Sell	5072025	72.24	2,000	144,480	11,053	Form
64	McCarthy, Brian K	Chief Revenue Officer	Direct	Sell	5022025	71.44	25,000	1,786,056	39,594,496	Form
65	Thompson, John Wendell		John and Sandra Thompson Trust	Sell	5022025	71.45	9,009	643,727	71,311	Form
66	Choudary, Kiran Kumar	Chief Financial Officer	Direct	Sell	5022025	69.82	23,500	1,640,747	41,423,494	Form
67	Mhatre, Ravi		Lightspeed Management Company, L.L.C.	Sell	4172025	62.98	13,213			Form
68	Lightspeed, Management Company, Llc		Direct	Sell	4172025	62.98	13,213			Form
69	Choudary, Kiran Kumar	Chief Financial Officer	Direct	Sell	4172025	62.03	2,000	124,058	38,135,305	Form
70	Nithrakashyap, Arvind	Chief Technology Officer	Direct	Sell	4092025	52.04	32,484	1,690,312	9,719,918	Form
71	Nithrakashyap, Arvind	Chief Technology Officer	Direct	Sell	4092025	54.78	32,484	1,779,322	8,452,438	Form
72	Nithrakashyap, Arvind	Chief Technology Officer	Direct	Sell	4092025	56.61	32,484	1,838,821	6,896,257	Form
73	Thompson, John Wendell		John and Sandra Thompson Trust	Sell	4022025	60.19	9,009	542,250	60,069	Form
74	McCarthy, Brian K	Chief Revenue Officer	Direct	Sell	4012025	60.22	25,000	1,505,392	34,877,954	Form
75	Choudary, Kiran Kumar	Chief Financial Officer	Direct	Sell	3252025	70.04	87,971	6,161,858	28,960,335	Form
76	McCarthy, Brian K	Chief Revenue Officer	Direct	Sell	3252025	70.04	85,001	5,953,827	30,392,809	Form
77	Wassenaar, Yvonne		Direct	Sell	3202025	70.03	3,000	210,096	10,715	Form
78	McCarthy, Brian K	Chief Revenue Officer	Direct	Sell	3182025	70.00	25,000	1,750,000	23,173,010	Form
79	Nithrakashyap, Arvind	Chief Technology Officer	Direct	Sell	3052025	63.77	32,485	2,071,545	13,983,266	Form
80	Nithrakashyap, Arvind	Chief Technology Officer	Direct	Sell	3052025	60.54	32,484	1,966,554	13,274,965	Form
81	Nithrakashyap, Arvind	Chief Technology Officer	Direct	Sell	3052025	61.59	32,484	2,000,652	13,505,139	Form
82	McCarthy, Brian K	Chief Revenue Officer	Direct	Sell	3042025	63.15	25,000	1,578,835	22,485,326	Form
83	Thompson, John Wendell		John and Sandra Thompson Trust	Sell	3042025	63.18	9,009	569,223	63,057	Form
84	Wassenaar, Yvonne		Direct	Sell	2192025	77.31	2,500	193,287	11,829	Form
85	Nithrakashyap, Arvind	Chief Technology Officer	Direct	Sell	2052025	70.85	32,485	2,301,610	15,536,240	Form
86	Nithrakashyap, Arvind	Chief Technology Officer	Direct	Sell	2052025	72.90	32,485	2,368,291	15,986,349	Form
87	Nithrakashyap, Arvind	Chief Technology Officer	Direct	Sell	2052025	74.85	32,485	2,431,381	16,412,215	Form
88	Thompson, John Wendell		John and Sandra Thompson Trust	Sell	2052025	70.98	9,009	639,450	70,837	Form
89	McCarthy, Brian K	Chief Revenue Officer	Direct	Sell	2052025	70.94	25,000	1,773,420	27,029,969	Form
90	Choudary, Kiran Kumar	Chief Financial Officer	Direct	Sell	1162026	67.66	20,000	1,353,226	33,151,269	Form
91	Nithrakashyap, Arvind	Chief Technology Officer	Direct	Sell	1162026	70.05	1,045	73,202	23,933,143	Form
92	Nithrakashyap, Arvind	Chief Technology Officer	Direct	Sell	1162026	70.40	4,648	327,219	23,725,504	Form
93	McCarthy, Brian K	Pres.,Global Sales & Field Ops	Direct	Sell	1132026	70.88	10,000	708,849	23,446,746	Form
94	Thompson, John Wendell		John and Sandra Thompson Trust	Sell	2032026	55.30	2,500	138,258	1,437,773	Form
95	Thompson, John Wendell		Direct	Sell	2032026	55.29	11,000	608,203	202,089	Form

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Rubrik (RBRK)

Market Price (2/10/2026): $54.43 | Market Cap: $10.8 BilSector: Information Technology | Industry: Systems Software

Rubrik (RBRK)

Market Price (2/10/2026): $54.43Market Cap: $10.8 BilSector: Information TechnologyIndustry: Systems Software

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Market Price (2/10/2026): $54.43 | Market Cap: $10.8 Bil
Sector: Information Technology | Industry: Systems Software

Market Price (2/10/2026): $54.43
Market Cap: $10.8 Bil
Sector: Information Technology
Industry: Systems Software