Rubrik Inc. reported fiscal third‑quarter 2026 results on December 4, 2025, delivering total revenue of $350.2 million, a 48% year‑over‑year increase that surpassed consensus estimates of roughly $321 million. The company posted a non‑GAAP earnings per share of $0.10, a swing to profitability from the consensus loss of $0.17, a beat of $0.27 per share. The earnings beat was driven by disciplined cost control and a higher mix of high‑margin AI‑enabled recovery contracts, which offset modest increases in support and professional services.
Subscription revenue rose 52% to $336.4 million, and the subscription gross margin expanded to 82.8%, up 360 basis points from the prior year. The margin lift reflects a higher mix of high‑margin AI‑enabled recovery contracts and disciplined cost management, offsetting modest increases in support and professional services.
Management raised its full‑year 2026 outlook, now forecasting revenue of $1.280 billion to $1.282 billion, up from the previous $1.23 billion guidance, and tightening the non‑GAAP loss per share to $0.20 to $0.16 from the prior $0.50 to $0.44. Subscription ARR is projected at $1.439 billion to $1.443 billion, up from the earlier $1.39 billion range, while free cash flow guidance was lifted to $194 million to $202 million from $145 million to $155 million. The guidance upgrade signals confidence in continued demand for AI‑ready data protection and the company’s ability to maintain cost discipline as it scales.
The results underscore Rubrik’s successful transition to a subscription‑based cyber‑resilience platform. Record net new subscription ARR and free cash flow generation signal that the company is capturing a growing share of the AI‑ready data protection market. CEO Bipul Sinha highlighted that organizations worldwide are turning to Rubrik to secure their AI workloads, while CFO Kiran Choudary noted that the company’s operational leverage and cost discipline have turned a loss into a profit.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.