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Data security software company category (RBRK) reported financial results on Tuesday that beat expectations for its first quarter as a public company. The company’s fiscal 2025 guidance for Rubrik shares was above consensus estimates. Rubrik shares rose on the news.


The computer security company reported Rubrik’s earnings after the market closed. On the stock market today, Rubrik shares rose more than 3% to 36.50 in extended trading.

In the quarter ended April 30, Rubrik lost $1.58 per share, compared to $1.48 a year earlier. Wall Street analysts who track RBRK’s stock price estimated a loss of $1.84 per share, including one-time items.

Rubrik also announced that revenue rose 38% to $187.3 million, beating estimates of $171.5 million.

Rubrik sells a cloud-based data backup and recovery platform designed to protect companies from ransomware attacks. Rubrik generates about 85% of its revenue from selling subscription software.

Rubric share: ARR key metric

For Rubrik, Wall Street considers annual recurring subscription revenue to be a key financial metric.

In the first quarter, ARR increased 46% to $856.1 million versus estimates of $832 million. At the end of the quarter, Rubrik had 1,859 customers with subscription ARR of $100,000 or more, up 41% year over year.

For the full year 2025, Rubrik forecasts ARR of $990 million, up from an estimated $959.5 million.

Rubrik’s IPO in late April raised over $750 million, with shares priced at $32. The stock rose to $40 on the first day of trading, but then fell. Rubrik’s shares hit an intraday low of $29.40 on May 30. Shares had risen 17% before Rubrik’s earnings report was released.

Rubrik, founded in 2014, is backed by investors including Microsoft (MSFT).

As of January 31, Rubrik had more than 6,100 customers, compared to about 5,000 a year earlier, according to the company.

Follow Reinhardt Krause on Twitter @reinhardtk_tech for updates on artificial intelligence, cybersecurity and cloud computing.


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