Rubrik, Inc. Files Q3 Fiscal 2025 10-Q

TL;DR

Rubrik's Q3 FY25 10-Q is in. Check financials.

AI Summary

Rubrik, Inc. filed its 10-Q for the period ending October 31, 2024. The company reported financial results for the third quarter and the first nine months of fiscal year 2025. Key financial data and operational updates are detailed within the filing.

Why It Matters

This filing provides investors with the latest financial performance and operational details for Rubrik, Inc., crucial for understanding the company's current standing and future prospects.

Risk Assessment

Risk Level: medium — As a public company, Rubrik faces inherent market, operational, and financial risks detailed in its SEC filings.

Key Numbers

• 0131 — Fiscal Year End (Indicates the end of Rubrik's annual financial reporting cycle.)
• 2024-10-31 — Period End Date (The specific date through which financial information is reported in this 10-Q.)
• 2024-02-01 — Fiscal Year Start Date (Marks the beginning of the fiscal year for which results are being reported.)

Key Players & Entities

• Rubrik, Inc. (company) — Filer of the 10-Q
• 2024-10-31 (date) — End of the reporting period
• 20241212 (date) — Filing date
• 3495 DEER CREEK ROAD, PALO ALTO, CA 94304 (address) — Company's business and mailing address

FAQ

Key Financial Figures

• $0.000025 — which registered Class A Common Stock, $0.000025 par value RBRK New York Stock Exchange

Filing Documents

• rbrk-20241031.htm (10-Q) — 1971KB
• rubrik10q10312024exhibit311.htm (EX-31.1) — 11KB
• rubrik10q10312024exhibit312.htm (EX-31.2) — 11KB
• rubrik10q10312024exhibit321.htm (EX-32.1) — 6KB
• rubrik10q10312024exhibit322.htm (EX-32.2) — 7KB
• 0001943896-24-000030.txt ( ) — 8558KB
• rbrk-20241031.xsd (EX-101.SCH) — 50KB
• rbrk-20241031_cal.xml (EX-101.CAL) — 61KB
• rbrk-20241031_def.xml (EX-101.DEF) — 348KB
• rbrk-20241031_lab.xml (EX-101.LAB) — 708KB
• rbrk-20241031_pre.xml (EX-101.PRE) — 510KB
• rbrk-20241031_htm.xml (XML) — 1023KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION Item 1.

Financial Statements (unaudited)

Financial Statements (unaudited) 5 Condensed Consolidated Balance Sheets 5 Condensed Consolidated Statements of Operations 6 Condensed Consolidated Statements of Comprehensive Loss 7 Condensed Consolidated Statements of Redeemable Convertible Preferred Stock and Stockholders' Deficit 8 Condensed Consolidated Statements of Cash Flows 10 Notes to Condensed Consolidated Financial Statements 11 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 27 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 43 Item 4.

Controls and Procedures

Controls and Procedures 44

OTHER INFORMATION

PART II. OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 45 Item 1A.

Risk Factors

Risk Factors 45 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 87 Item 3. Defaults Upon Senior Securities 87 Item 4. Mine Safety Disclosures 88 Item 5. Other Information 88 Item 6. Exhibits 89

Signatures

Signatures 90 Rubrik, Inc. Q3 2025 Form 10-Q 2 Table of Contents SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q contains forward-looking statements about us and our industry that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this Quarterly Report on Form 10-Q, including statements regarding our future financial condition or results of operations, business strategy and plans, and objectives of management for future operations are forward-looking statements. In some cases, you can identify forward-looking statements because they contain words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "toward," "will," "would," or the negative of these words or other similar terms or expressions. These forward-looking statements include, but are not limited to, statements concerning the following: our expectations regarding our revenue, cost of revenue, gross profit or gross margin, operating expenses, and other results of operations, including our key metrics; the growth rate of the market in which we compete; our business plan and our ability to effectively manage our growth and associated investments; anticipated trends, growth rates, and challenges in our business and in the markets in which we operate; our ability to achieve or sustain our profitability; future investments in our business, our anticipated capital expenditures, and our estimates regarding our capital requirements; the costs and success of our marketing efforts and our ability to promote our brand; our ability to increase sales of our products; our ability to acquire new customers and successfully retain and expand platform usage with existing customers; our ability and expectations to continue to innovate and enhance our platform; our ability to operate our business under evolvi

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial Statements (unaudited)

Item 1. Financial Statements (unaudited) Rubrik, Inc. CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands, except share and par value amounts) (unaudited) October 31, January 31, 2024 2024 Assets Current assets Cash and cash equivalents $ 103,896 $ 130,031 Short-term investments 528,081 149,220 Accounts receivable, net of allowances of $ 200 and $ 247 147,684 133,544 Deferred commissions 85,647 72,057 Prepaid expenses and other current assets 78,383 63,861 Total current assets 943,691 548,713 Property and equipment, net 49,294 47,873 Deferred commissions, noncurrent 124,280 113,814 Goodwill 100,343 100,343 Other assets, noncurrent 51,083 62,867 Total assets $ 1,268,691 $ 873,610 Liabilities, redeemable convertible preferred stock and stockholders' deficit Current liabilities Accounts payable $ 9,382 $ 6,867 Accrued expenses and other current liabilities 121,164 122,934 Deferred revenue 686,010 526,480 Total current liabilities 816,556 656,281 Deferred revenue, noncurrent 597,233 579,781 Other liabilities, noncurrent 58,998 55,050 Debt, noncurrent 316,991 287,042 Total liabilities 1,789,778 1,578,154 Commitments and contingencies (Note 8) Redeemable convertible preferred stock, $ 0.000025 par value – zero and 74,182,559 shares authorized as of October 31, 2024 and January 31, 2024, respectively; zero and 74,182,559 shares issued and outstanding as of October 31, 2024 and January 31, 2024, respectively; liquidation preference of zero and $ 715,100 as of October 31, 2024 and January 31, 2024, respectively — 714,713 Stockholders' deficit Preferred stock, $ 0.000025 par value – 20,000,000 and zero shares authorized as of October 31, 2024 and January 31, 2024, respectively; zero shares issued and outstanding as of October 31, 2024 and January 31, 2024, respectively — — Common stock, $ 0.000025 par value – zero and 203,935,682 shares authorized as of October 31, 2024 and January 31, 2024, respectively; zero and 55,862,729 shares issue

View Full Filing

View this 10-Q filing on SEC EDGAR