Rapid7 Inc

RPD

Equity

ISIN US7534221046 / Valor 28570046

NASDAQ (2024-11-21)

USD 42.44+3.36%

Rapid7 Inc
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About company

Rapid7 Inc is a cybersecurity company that focuses on providing solutions for vulnerability management, incident detection and response, and application security. The company's team includes experts in computer security, business development, and financial management, with extensive experience in the technology industry. Rapid7's services help organizations protect their digital assets and respond effectively to cyber threats, making it a key player in the cybersecurity market.

Summarized from source with an LLMView SourceSector: Technology

Total Revenue

Rapid7 Inc. reported total revenue of $207.991 million for the second quarter of 2023, reflecting a 9% increase compared to the same period in the previous year. This growth was driven by strong performance in both product subscriptions and professional services.

Product Subscriptions Revenue

Revenue from product subscriptions for Rapid7 Inc. in Q2 2023 was $200.067 million, marking a 10% increase year-over-year. This segment continues to be a significant contributor to the company's overall revenue growth.

GAAP Gross Profit

Rapid7 Inc. achieved a GAAP gross profit of $147.143 million in the second quarter of 2023, with a GAAP gross margin of 71%. This represents a slight improvement in profitability compared to the same quarter last year.

Non-GAAP Income from Operations

For Q2 2023, Rapid7 Inc. reported a non-GAAP income from operations of $39.276 million, which translates to a non-GAAP operating margin of 19%. This indicates a robust operational performance and effective cost management.

Free Cash Flow

Rapid7 Inc. generated a free cash flow of $29.205 million in the second quarter of 2023, showing a positive cash generation capability. This is a key indicator of the company's financial health and its ability to fund future growth initiatives.

Summarized from source with an LLMView Source

Key figures

-17.7%1Y

-67.9%3Y

-23.0%5Y

Performance

41.4%1Y

54.5%3Y

49.9%5Y

Volatility