Rubrik, Inc. ($RBRK) Stock: Soars After Strong Q1 FY26 Earnings Beat

TLDR

Rubrik ($RBRK) closed at $98.57 on June 5, rising to $103.50 after hours. Q1 FY26 revenue rose 49% year-over-year to $278.5 million, beating expectations. Subscription ARR climbed 38% YoY to $1.18 billion. Non-GAAP gross margin improved to 80.5%; free cash flow was $33.3 million. Rubrik announced major partnerships with Google, Deloitte, and NTT Data.

Rubrik (NYSE: RBRK) reported its Q1 FY26 financial results on June 5, 2025, posting strong figures that drove the stock up over 5% after hours.

Rubrik, Inc. (RBRK)

The stock closed at $98.57 and reached $103.50 after the report. Revenue for the quarter came in at $278.5 million, up 49% year-over-year. Subscription revenue totaled $265.7 million, a 54% jump from the same period last year.

Subscription Annual Recurring Revenue (ARR) reached $1.18 billion, marking a 38% increase. The company now has 2,381 customers with $ 100 K+ in ARR, a 28% YoY growth.

Rubrik, $RBRK, Q1-26. Results:
🟢 +5.5% Post-Market

📊 Adj. EPS: -$0.15 🟢
💰 Revenue: $278.5M 🟢
📈 Net Loss: $102.1M
🔎 Strong growth across subscription ARR and revenue, with improving cash flow and narrowing losses signaling progress toward profitability. pic.twitter.com/xMtEDsEOK4

— EarningsTime (@Earnings_Time) June 5, 2025

Improved Profitability Metrics

Rubrik showed progress toward profitability. GAAP gross margin reached 78.3%, a large improvement from 48.8% in Q1 FY25, impacted by significantly lower stock-based compensation ($4.8 million vs. $48.9 million a year earlier). On a non-GAAP basis, gross margin rose to 80.5% from 75.4%.

The Subscription ARR contribution margin turned positive at 8.0%, compared to -10.6% in Q1 FY25. GAAP net loss per share improved to $(0.53) from $(11.48), while non-GAAP net loss per share narrowed to $(0.15) from $(1.58). Free cash flow came in at $33.3 million versus negative $37.1 million in the prior year.

Strategic Alliances and Innovation

Rubrik continues to strengthen its market presence through key partnerships. It teamed with Google Cloud and Mandiant for a cloud-based isolated recovery solution and launched integration with Google Agentspace via its Annapurna platform for AI data protection.

New alliances include collaborations with Deloitte for data security, NTT Data for ransomware protection, and Rackspace for managed cyber recovery services. The company also appointed Kavitha Mariappan as Chief Transformation Officer to accelerate enterprise resilience strategies.

Rubrik was recognized as the 2025 Google Cloud Partner of the Year for Infrastructure Modernization – Backup and Disaster Recovery.

Guidance for Q2 and Full Year FY26

For Q2 FY26, Rubrik expects revenue between $281 million and $283 million and a non-GAAP net loss per share between $(0.35) and $(0.33). Full-year guidance includes revenue of $1.179–$1.189 billion and free cash flow of $65–$75 million. Non-GAAP EPS is projected at $(1.02) to $(0.96), with ARR projected between $1.38 billion and $1.388 billion.

Rubrik’s results show solid top-line momentum and margin improvement, reinforcing its leadership in the cyber resilience sector.

 

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