Rubrik soars 20% on upbeat steerage following better-than-expected Q3 outcomes

PALO ALTO, Calif. – Rubrik, Inc. (NYSE: RBRK) noticed its inventory surge 20% after the info safety firm reported better-than-expected third quarter outcomes and raised its full-year outlook.

The corporate’s efficiency exceeded analyst estimates throughout key metrics, signaling strong demand for its cybersecurity options.

For the third quarter ended October 31, Rubrik posted income of $236.2 million, up 43% YoY and surpassing the consensus estimate of $217.5 million. The corporate reported an adjusted loss per share of $0.21, narrower than the $0.40 loss analysts anticipated.

Subscription Annual Recurring Income (ARR), a key development metric, jumped 38% YoY to $1.0 billion. This milestone achievement, reached simply over a decade after the corporate’s founding, underscores Rubrik’s fast growth within the cyber resilience market.

“We’re extremely proud to have surpassed $1 billion in Subscription ARR, rising 38% year-over-year,” mentioned Bipul Sinha, Rubrik’s CEO. “This can be a important milestone achieved in simply over 10 years because the firm was based.”

For the fourth quarter, the corporate expects income between $231.5 million and $233.5 million, above the $225.1 million consensus. For the total fiscal yr 2025, Rubrik raised its income steerage to $860-862 million, topping analyst projections of $834.9 million.

With 2,085 prospects contributing over $100,000 in annual recurring income, up 32% YoY, Rubrik seems well-positioned for continued development.

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