Rapid7 Inc

Latest Results (09.10.2025):

Rapid7 Inc reported its financial results for the fourth quarter and full-year 2024, achieving an annualized recurring revenue of $840 million, a 4% increase year-over-year. The company delivered full-year revenue of $844 million, up 9% compared to 2023, alongside strong operating income and robust cash flow generation.

Fourth Quarter 2024 Highlights

In Q4 2024, Rapid7 reported product subscriptions revenue of $206.3 million, marking a 6% increase year-over-year. Total revenue for the quarter reached $216.3 million, up 5%. GAAP operating income stood at $7.3 million with a 3% operating margin, while non-GAAP operating income was $39.9 million, reflecting an 18% margin.

Full-Year 2024 Highlights

For the full year, Rapid7 achieved total revenue of $844 million, a 9% increase from 2023. GAAP operating income was $35 million, and non-GAAP operating income reached $164 million. The company generated $172 million in net cash from operating activities and $154 million in free cash flow.

Annualized Recurring Revenue (ARR)

Rapid7's annualized recurring revenue grew to $840 million by the end of 2024, representing a 4% year-over-year increase. The number of customers expanded to 11,727, with ARR per customer rising to $71.6.

Profitability and Margins

The GAAP gross profit for the full year was $592.9 million, maintaining a 70% gross margin. On a non-GAAP basis, gross profit was $622.3 million with a 74% margin. GAAP net income for 2024 was $25.5 million, while non-GAAP net income reached $107.2 million.

Cash Flow

Net cash provided by operating activities for the full year was $171.7 million, and free cash flow totaled $154.1 million, demonstrating Rapid7's strong cash generation capabilities.