Rapid7 Financials
This page shows Rapid7 (RPD) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 13 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Rapid7 has an operating margin of 1.4%, meaning the company retains $1 of operating profit per $100 of revenue. This below-average margin results in a low score of 25/100, suggesting thin profitability after operating expenses. This is down from 4.2% the prior year.
Rapid7's revenue grew a modest 1.9% year-over-year to $859.8M. This slow but positive growth earns a score of 36/100.
Rapid7 has elevated debt relative to equity (D/E of 10.16), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
Rapid7's current ratio of 1.28 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 21/100, which could limit financial flexibility.
Rapid7 converts 17.0% of revenue into free cash flow ($146.2M). This strong cash generation earns a score of 68/100.
Rapid7's ROE of 15.1% shows moderate profitability relative to equity, earning a score of 45/100. This is down from 144.1% the prior year.
Rapid7 scores -0.00, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($380.9M) relative to total liabilities ($1.6B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Rapid7 passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Rapid7 generates $6.58 in operating cash flow ($153.8M OCF vs $23.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Rapid7 earns $1.1 in operating income for every $1 of interest expense ($11.6M vs $10.4M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Rapid7 generated $859.8M in revenue in fiscal year 2025. This represents an increase of 1.9% from the prior year.
Rapid7's EBITDA was $57.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 28.7% from the prior year.
Rapid7 reported $23.4M in net income in fiscal year 2025. This represents a decrease of 8.4% from the prior year.
Rapid7 earned $0.36 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 10.0% from the prior year.
Cash & Balance Sheet
Rapid7 generated $146.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 13.1% from the prior year.
Rapid7 held $246.7M in cash against $0 in long-term debt as of fiscal year 2025.
Rapid7 had 66M shares outstanding in fiscal year 2025. This represents an increase of 3.8% from the prior year.
Margins & Returns
Rapid7's gross margin was 70.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.1 percentage points from the prior year.
Rapid7's operating margin was 1.4% in fiscal year 2025, reflecting core business profitability. This is down 2.8 percentage points from the prior year.
Rapid7's net profit margin was 2.7% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.3 percentage points from the prior year.
Rapid7's ROE was 15.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 129.0 percentage points from the prior year.
Capital Allocation
Rapid7 invested $190.7M in research and development in fiscal year 2025. This represents an increase of 10.1% from the prior year.
Rapid7 invested $7.6M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 121.9% from the prior year.
RPD Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $217.4M-0.3% | $218.0M+1.8% | $214.2M+1.9% | $210.3M-2.8% | $216.3M+0.7% | $214.7M+3.2% | $208.0M+1.4% | $205.1M |
| Cost of Revenue | $67.5M+3.9% | $65.0M+3.1% | $63.1M+6.0% | $59.5M-9.7% | $65.9M+4.3% | $63.2M+3.5% | $61.0M0.0% | $61.0M |
| Gross Profit | $149.9M-2.0% | $153.0M+1.2% | $151.1M+0.2% | $150.8M+0.3% | $150.4M-0.7% | $151.5M+3.1% | $147.0M+2.0% | $144.1M |
| R&D Expenses | $48.6M+3.7% | $46.9M-0.7% | $47.2M-1.4% | $47.9M+3.4% | $46.3M+3.0% | $45.0M+11.2% | $40.4M-2.2% | $41.4M |
| SG&A Expenses | $19.2M-7.8% | $20.9M-1.4% | $21.2M-10.3% | $23.6M-1.7% | $24.0M+27.0% | $18.9M-18.6% | $23.2M+16.4% | $19.9M |
| Operating Income | $2.3M-61.5% | $5.9M+68.9% | $3.5M+3559.4% | -$101K-101.4% | $7.3M-43.2% | $12.8M+145.4% | $5.2M-46.2% | $9.7M |
| Interest Expense | $2.6M-0.6% | $2.6M-1.6% | $2.6M-1.0% | $2.7M-4.6% | $2.8M-1.9% | $2.8M+6.1% | $2.7M+0.1% | $2.7M |
| Income Tax | $2.6M+622.5% | -$497K-124.8% | $2.0M-25.9% | $2.7M-23.2% | $3.5M+19.0% | $3.0M+448.7% | $538K-94.0% | $8.9M |
| Net Income | $3.1M-68.1% | $9.8M+17.6% | $8.3M+296.1% | $2.1M-3.1% | $2.2M-85.9% | $15.4M+135.7% | $6.5M+365.0% | $1.4M |
| EPS (Diluted) | N/A | $0.15+15.4% | $0.13+333.3% | $0.03 | N/A | $0.21+133.3% | $0.09+350.0% | $0.02 |
RPD Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.7B+3.6% | $1.7B+1.1% | $1.6B+0.2% | $1.6B-0.4% | $1.7B+4.9% | $1.6B+3.1% | $1.5B+2.6% | $1.5B |
| Current Assets | $737.3M+16.1% | $635.0M-15.8% | $754.5M+3.0% | $732.6M-6.8% | $786.1M+16.9% | $672.6M-0.3% | $674.4M+7.8% | $625.9M |
| Cash & Equivalents | $246.7M+88.9% | $130.6M-50.0% | $261.3M-10.3% | $291.5M-12.9% | $334.7M+50.4% | $222.6M-6.1% | $237.0M+19.3% | $198.7M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $167.0M+18.2% | $141.3M-6.2% | $150.7M+7.2% | $140.5M-16.5% | $168.2M+18.6% | $141.9M-1.2% | $143.7M+15.3% | $124.6M |
| Goodwill | $575.3M0.0% | $575.3M0.0% | $575.3M0.0% | $575.3M0.0% | $575.3M0.0% | $575.2M+7.2% | $536.4M0.0% | $536.4M |
| Total Liabilities | $1.6B+2.1% | $1.5B-1.2% | $1.6B-2.1% | $1.6B-2.6% | $1.6B+3.4% | $1.6B+0.1% | $1.6B+0.3% | $1.6B |
| Current Liabilities | $575.4M+7.5% | $535.0M-3.8% | $555.9M-5.6% | $589.2M-6.5% | $630.2M+9.9% | $573.6M-0.9% | $578.6M+10.4% | $524.1M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $154.7M+21.6% | $127.2M+40.7% | $90.4M+71.6% | $52.7M+197.7% | $17.7M+444.8% | -$5.1M+90.2% | -$52.6M+39.1% | -$86.4M |
| Retained Earnings | -$964.7M+0.3% | -$967.8M+1.0% | -$977.6M+0.8% | -$985.9M+0.2% | -$988.0M-0.5% | -$983.0M+1.7% | -$999.6M+0.8% | -$1.0B |
RPD Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $37.6M-3.5% | $39.0M-18.1% | $47.5M+59.8% | $29.8M-53.3% | $63.8M+45.0% | $44.0M+33.8% | $32.9M+5.8% | $31.1M |
| Capital Expenditures | $1.2M-72.1% | $4.1M+336.4% | $948K-30.3% | $1.4M+15.0% | $1.2M-11.8% | $1.3M+379.3% | $280K-54.8% | $620K |
| Free Cash Flow | $36.4M+4.6% | $34.8M-25.3% | $46.6M+64.1% | $28.4M-54.6% | $62.6M+46.8% | $42.6M+30.8% | $32.6M+7.0% | $30.4M |
| Investing Cash Flow | $82.7M+148.2% | -$171.7M-315.5% | -$41.3M+47.8% | -$79.2M-249.6% | $53.0M+181.9% | -$64.7M-1037.7% | $6.9M+116.5% | -$41.7M |
| Financing Cash Flow | -$4.7M-399.4% | $1.6M+103.3% | -$47.1M-1095.8% | $4.7M+488.8% | -$1.2M-135.4% | $3.4M+443.5% | -$1.0M-122.9% | $4.4M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
RPD Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 68.9%-1.2pp | 70.2%-0.4pp | 70.6%-1.1pp | 71.7%+2.2pp | 69.5%-1.0pp | 70.6%-0.1pp | 70.7%+0.4pp | 70.3% |
| Operating Margin | 1.1%-1.7pp | 2.7%+1.1pp | 1.6%+1.7pp | -0.1%-3.4pp | 3.4%-2.6pp | 6.0%+3.5pp | 2.5%-2.2pp | 4.7% |
| Net Margin | 1.4%-3.1pp | 4.5%+0.6pp | 3.9%+2.9pp | 1.0%0.0pp | 1.0%-6.2pp | 7.2%+4.0pp | 3.1%+2.4pp | 0.7% |
| Return on Equity | 2.0%-5.7pp | 7.7%-1.5pp | 9.2%+5.2pp | 4.0%-8.3pp | 12.3% | N/A | N/A | N/A |
| Return on Assets | 0.2%-0.4pp | 0.6%+0.1pp | 0.5%+0.4pp | 0.1%0.0pp | 0.1%-0.9pp | 1.0%+0.5pp | 0.4%+0.3pp | 0.1% |
| Current Ratio | 1.28+0.1 | 1.19-0.2 | 1.36+0.1 | 1.240.0 | 1.25+0.1 | 1.170.0 | 1.17-0.0 | 1.19 |
| Debt-to-Equity | 10.16-1.9 | 12.10-5.1 | 17.23-13.0 | 30.20-62.1 | 92.28+400.0 | -307.74-277.7 | -30.02-11.8 | -18.23 |
| FCF Margin | 16.8%+0.8pp | 16.0%-5.8pp | 21.8%+8.2pp | 13.5%-15.4pp | 28.9%+9.1pp | 19.9%+4.2pp | 15.7%+0.8pp | 14.8% |
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Frequently Asked Questions
What is Rapid7's annual revenue?
Rapid7 (RPD) reported $859.8M in total revenue for fiscal year 2025. This represents a 1.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Rapid7's revenue growing?
Rapid7 (RPD) revenue grew by 1.9% year-over-year, from $844.0M to $859.8M in fiscal year 2025.
Is Rapid7 profitable?
Yes, Rapid7 (RPD) reported a net income of $23.4M in fiscal year 2025, with a net profit margin of 2.7%.
What is Rapid7's EBITDA?
Rapid7 (RPD) had EBITDA of $57.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Rapid7's gross margin?
Rapid7 (RPD) had a gross margin of 70.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Rapid7's operating margin?
Rapid7 (RPD) had an operating margin of 1.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Rapid7's net profit margin?
Rapid7 (RPD) had a net profit margin of 2.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Rapid7's return on equity (ROE)?
Rapid7 (RPD) has a return on equity of 15.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Rapid7's free cash flow?
Rapid7 (RPD) generated $146.2M in free cash flow during fiscal year 2025. This represents a -13.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Rapid7's operating cash flow?
Rapid7 (RPD) generated $153.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Rapid7's total assets?
Rapid7 (RPD) had $1.7B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Rapid7's capital expenditures?
Rapid7 (RPD) invested $7.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Rapid7 spend on research and development?
Rapid7 (RPD) invested $190.7M in research and development during fiscal year 2025.
What is Rapid7's current ratio?
Rapid7 (RPD) had a current ratio of 1.28 as of fiscal year 2025, which is considered adequate.
What is Rapid7's debt-to-equity ratio?
Rapid7 (RPD) had a debt-to-equity ratio of 10.16 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Rapid7's return on assets (ROA)?
Rapid7 (RPD) had a return on assets of 1.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Rapid7's Altman Z-Score?
Rapid7 (RPD) has an Altman Z-Score of -0.00, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Rapid7's Piotroski F-Score?
Rapid7 (RPD) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Rapid7's earnings high quality?
Rapid7 (RPD) has an earnings quality ratio of 6.58x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Rapid7 cover its interest payments?
Rapid7 (RPD) has an interest coverage ratio of 1.1x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Rapid7?
Rapid7 (RPD) scores 32 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.