Rubrik Inc (RBRK)

Rubrik is Named a Leader in the 2026 Gartner® Magic Quadrant™July 2, 2026 11:17 AM
Business Wire Positioned as Leader and Furthest in Vision for Seven Consecutive Years Rubrik (NYSE: RBRK), the Security and AI Operations Company, has been named a Leader and positioned furthest in Vision in the 2026 Gartner Magic Quadrant for Backup and Data Protection Platforms. 2026 marks the seventh consecutive year of the recognition, which to Rubrik is validating the company’s focus on delivering agentic cyber resilience to protect organizations from sophisticated cyber threats and autonomous agent overreach. "Twelve years ago, Rubrik predicted that the greatest threat to enterprise data would be active adversaries, and eventually, the very autonomous agents trusted to run modern operations," said Bipul Sinha, CEO, Chairman, and Co-Founder at Rubrik. "Today, legacy backup solutions are no longer sufficient. Organizations require complete cyber resilience that spans data protection, identity resilience, and agent governance to defend their businesses from AI-powered attacks." Organizational recovery timelines often average more than twenty days, but the average breakout time for modern cybercriminals has collapsed to just 39 seconds. Traditional security models focusing purely on prevention and detection are failing to keep pace with modern threat vectors. Rubrik continues to narrow this operational recovery gap by providing a unified platform designed to protect and recover data, identities, and govern autonomous agents. Rubrik’s Preemptive Recovery works before an attack happens by continuously indexing data, mapping application dependencies and tracking identity access during standard backups. Organizations can immediately locate clean recovery points, assess the blast radius and execute restorations in minutes. To address compromised credentials, Rubrik Identity Resilience continuously monitors Active Directory, Microsoft Entra ID and Okta to surgically isolate attacker persistence while rolling forward authorized transactions. Today’s announcement comes on the heels of the launch of Rubrik AI to deliver agentic automation against machine-speed cyber breaches and compromised AI agents. View a complimentary copy of the Magic Quadrant report below to learn more about Rubrik’s Strengths and Cautions, among other recognized providers/vendors. Additional Resources Report: 2026 Gartner Magic Quadrant for Backup and Data Protection Platforms Blog: Seven Years Running: Why We Believe the AI Era Validates Our Vision for Agentic Cyber Resilience Source: Gartner, Magic Quadrant for Backup and Data Protection Platforms, Michael Hoeck, Jason Donham, Sankalp Rastogi, Rizvan Hussain, 29 June 2026 Gartner Disclaimer GARTNER is a trademark of Gartner, Inc. and/or its affiliates. Magic Quadrant is a registered trademark of Gartner, Inc. and/or its affiliates and is used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. About Rubrik Rubrik (NYSE: RBRK), the Security and AI Operations Company, leads at the intersection of data protection, cyber resilience, and enterprise AI acceleration. Rubrik Security Cloud delivers complete cyber resilience by securing, monitoring, and recovering data, identities, and workloads across clouds. Rubrik Agent Cloud accelerates trusted AI agent deployments at scale by monitoring and auditing agentic actions, enforcing real-time guardrails, fine-tuning for accuracy and undoing agentic mistakes. For more information, please visit www.rubrik.com and follow @rubrikInc on X (formerly Twitter) and Rubrik on LinkedIn. View source version on businesswire.com: https://www.businesswire.com/news/home/20260702737653/en/ Media Contact
Meghan Fintland
Head of Global PR, Rubrik
925.785.9192
press@rubrik.com Original: Rubrik is Named a Leader in the 2026 Gartner® Magic Quadrant™

Rubrik Announces Upcoming Integration with Amazon Bedrock AgentCore to Secure AI AgentsJune 17, 2026 12:00 PM
Business Wire AWS Summit -- Rubrik (NYSE: RBRK), the Security and AI Operations company, announced today its upcoming Rubrik Agent Cloud (RAC) integration with Amazon Bedrock AgentCore. The upcoming integration reflects Rubrik's commitment to extending the security controls customers already trust into agentic workflows. Amazon Bedrock AgentCore is the platform to build, connect, and optimize agents at scale. Through its policy engine, AgentCore enforces real-time, deterministic controls at the gateway across all agent traffic, including agent-to-tool, agent-to-LLM and agent-to-agent communications. With this upcoming integration, Rubrik helps customers accelerate and secure the deployment of AI agents on AWS with a critical layer of semantic governance and operational resilience powered by Rubrik’s real-time, intent-based guardrails that feed into the AgentCore policy. AgentCore acts on those signals at the gateway, outside the agent's reasoning loop, so enterprise security teams can apply Rubrik's detection alongside deterministic, automated enforcement. Because detection can be probabilistic, but enforcement stays deterministic, customers gain consistent allow-or-deny decisions on every agent’s action. Organizations using Amazon Bedrock AgentCore will be able to leverage these core Rubrik Agent Cloud capabilities: SAGE: The industry’s leading AI governance engine designed to secure and control autonomous agents in real time. SAGE powers RAC, replacing static, manual oversight with intent-driven governance to safely scale the enterprise AI workforce while maintaining comprehensive control over agent behavior. Agent Inventory: Autodiscover agents running on Amazon Bedrock AgentCore runtime with 360° visibility into risk, access permissions and policy violations. Agent Rewind: Instantly and precisely undo an autonomous agent’s destructive action. Unified AI Control Pane: Seamlessly integrates with Amazon Bedrock AgentCore, enabling administrators to manage AI security policies from the same Rubrik platform as AWS and hybrid cloud data. "Speed has always been the enterprise mandate, but today, safety is the prerequisite," said Devvret Rishi, General Manager AI, Rubrik. "Cybersecurity leaders estimate that in the next year, half or more of attacks they face will be driven by agentic AI. Rubrik’s upcoming integration with AWS Bedrock AgentCore gives enterprises the confidence to deploy AI agents quickly with trustworthy governance." The upcoming integration with Amazon Bedrock AgentCore is Rubrik's latest advancement in securing AI workloads for AWS customers. Existing RAC customers will be able to connect their policies to AgentCore and seamlessly apply SAGE native language policies and block risky actions. Visit the Rubrik booth (#242) at the AWS Summit in New York on June 17, to learn more about Rubrik Agent Cloud with AgentCore or visit here. About Rubrik Rubrik (NYSE: RBRK), the Security and AI Operations Company, leads at the intersection of data protection, cyber resilience, and enterprise AI acceleration. Rubrik Security Cloud delivers complete cyber resilience by securing, monitoring, and recovering data, identities, and workloads across clouds. Rubrik Agent Cloud accelerates trusted AI agent deployments at scale by monitoring and auditing agentic actions, enforcing real-time guardrails, fine-tuning for accuracy and undoing agentic mistakes. For more information, please visit www.rubrik.com and follow @rubrikInc on X (formerly Twitter) and Rubrik on LinkedIn. SAFE HARBOR STATEMENT: Any unreleased services or features referenced in this document are not currently available and may not be made generally available on time or at all, as may be determined in our sole discretion. Any such referenced services or features do not represent promises to deliver, commitments, or obligations of Rubrik, Inc. and may not be incorporated into any contract. Customers should make their purchase decisions based upon services and features that are currently generally available. View source version on businesswire.com: https://www.businesswire.com/news/home/20260617107817/en/ Media Contact:
Meghan Fintland
Head of Global PR
925.785.9192
press@rubrik.com Original: Rubrik Announces Upcoming Integration with Amazon Bedrock AgentCore to Secure AI Agents

Rubrik Unveils Control and Recovery Tools for Anthropic’s Claude AI Agents (RBRK)June 11, 2026 8:41 AM
IH Market News Rubrik (NYSE:RBRK) has introduced Rubrik Agent Cloud for Anthropic’s (NASDAQ:ANTP) Claude Code and Claude Cowork, providing organizations with new capabilities to deploy, monitor and manage AI-powered agents while maintaining greater operational control. The launch includes tools designed to track agent activity, recover from unintended actions and strengthen resilience as enterprises increasingly adopt autonomous AI systems. New Safeguards for Claude-Powered Agents The platform introduces what Rubrik describes as an agent rewind capability, allowing organizations to reverse erroneous actions performed by AI agents. The offering also includes immutable codebase recovery, enabling businesses to restore systems when mistakes bypass traditional version-control protections. Rubrik said the platform continuously backs up, monitors and restores the configurations that govern agent behavior, helping organizations maintain oversight as AI agents take on more complex operational responsibilities. Autonomous Business Recovery Introduced Alongside Agent Cloud, Rubrik announced Autonomous Business Recovery for Cloud Applications, a solution designed to restore cloud environments that include data, networking, identity systems and application configurations. The technology is intended to accelerate recovery efforts by rebuilding what the company refers to as an organization’s Minimum Viable Business through highly automated processes. Rather than focusing on individual systems, the platform aims to restore the interconnected infrastructure required to resume critical business operations following a disruption. Addressing Emerging AI Security Risks Rubrik noted that AI agents are increasingly capable of writing, committing and deploying code without direct human supervision. However, many enterprise security frameworks were originally designed with the assumption that people would remain involved in key decision-making processes. According to the company, this shift introduces new risks including rogue code commits, repository ransomware, prompt injection attacks and intellectual property theft, all of which can occur at speeds beyond the capabilities of many traditional DevSecOps controls. “Organizations are adopting Claude faster than any agentic technology we have seen, and every security leader asks the same question: how do we stay in control when an agent can act?” said Anneka Gupta, Chief Product Officer at Rubrik. Recovery Planning Conducted Before Attacks Occur The Autonomous Business Recovery platform is powered by Rubrik’s Preemptive Recovery Engine, which performs recovery preparation activities during normal business operations. The system identifies critical applications and their dependencies, validates clean recovery points and builds recovery plans in advance. As a result, when a cyberattack or operational failure occurs, recovery workflows are already prepared, potentially reducing downtime and accelerating restoration efforts. Growing Concern Over Recovery Readiness Research from Rubrik Zero Labs indicates that 88% of business leaders are concerned about their ability to meet existing recovery time objectives as AI-driven threats become more sophisticated. The company argues that traditional backup solutions often focus on restoring individual assets rather than the complex web of dependencies that underpin modern cloud applications. With organizations increasingly deploying autonomous AI systems, Rubrik believes that more comprehensive recovery and governance capabilities will become essential components of enterprise cybersecurity strategies. Rubrik stock price Anthropic IPO Original: Rubrik Unveils Control and Recovery Tools for Anthropic’s Claude AI Agents (RBRK)

Rubrik Releases Next Season of Acclaimed “To Catch a Thief” by Nicole Perlroth, Podcast Documentary Details Current Threats from North KoreaJune 9, 2026 3:49 PM
Business Wire The bestselling author and cybersecurity expert exposes alarming truths about the global network of North Korean operatives who have infiltrated Western payrolls Rubrik FORWARD — Rubrik (NYSE: RBRK), the Security and AI Operations Company, announced the launch of season two of its award-winning documentary podcast, "To Catch a Thief: North Koreans On Our Payroll." Based on exclusive reporting by Nicole Perlroth, bestselling author and former lead cybersecurity reporter for The New York Times, the series exposes a global labor pipeline infiltrated by North Korea—one that is quietly funneling hundreds of millions of dollars a year back to the regime, and its nuclear weapons program. Reported over the last year, “To Catch a Thief” builds on the success of season one about Chinese hacking, which became a top five Apple documentary podcast. In the new season, Perlroth pivots to the urgent security threats North Korea represents today. She takes listeners deep into their hidden network—from a rare, inside look at a North Korean IT worker on the job, to interviews with defectors who escaped it, to knocking on the doors of unknowing citizens hosting “laptop farms” on North Korea's behalf. "We are witnessing a complete subversion of trust," said Perlroth. "Hackers are no longer trying to break through your firewall. They are logging in as your employees, collecting paychecks, and actively exfiltrating sensitive data from the inside-out. Our second series exposes how this pipeline operates and what it means for global security." Inside the Global IT Worker Pipeline Threat The five-part investigative documentary takes listeners inside this hidden ecosystem, from the initial deceptive hiring process to the domestic networks that facilitate it. The season spotlights: Deceptive Employment Tactics: How operatives bypass hiring protocols, turn off video during calls, and present fabricated resumes to secure corporate positions. On-the-Ground Investigations: An inside look at the domestic facilitators, known as laptop farms, which operate within Western borders to host physical hardware for remote international workers. Organized Cybercrime Convergence: How this nation-state playbook is being adopted by cybercriminal groups and fraud networks globally, impacting the job market for legitimate remote workers. “Rubrik leads important conversations about the future of cybersecurity, cyber resilience, and the increasing risk that AI presents for all forms of attack, nation states and more,” said Julia Lee, Chief Strategy Officer, Rubrik. “From podcasts with Nicole to the original research of our Rubrik Zero Labs, we share an urgency and commitment to document when, why, and how cyber attacks happen, and how our industry must work together, and be preemptive to plan for recovery and resilience on all fronts.” Launch @ Rubrik FORWARD The launch of "To Catch a Thief: North Koreans On Our Payroll" will be featured during a keynote at Rubrik FORWARD. Attendees will experience: The Official Trailer Premier: A first look at the cinematic trailer presented on the mainstage. Expert Panel Discussion: Perlroth will moderate a discussion with leading industry threat analysts to address the strategic implications of nation-state infiltration and identity resilience. “To Catch a Thief" is available on all major podcast platforms. About Nicole Perlroth Nicole Perlroth spent over a decade as The New York Times’ lead cybersecurity reporter, where her groundbreaking work on Chinese cyberespionage helped lead to the first U.S. hacking charges against members of the Chinese military. Her reporting on commercial spyware was nominated for the Pulitzer Prize. Her bestselling book, This Is How They Tell Me the World Ends, an exposé on the global cyber arms race, won the FT-McKinsey Business Book of the Year Award and the Arthur Ross Foreign Policy Book of the Year Prize. It was also inducted into the Cybersecurity Canon Hall of Fame and optioned for both scripted TV and documentary film. Since leaving The New York Times in 2021, Perlroth has served on the Department of Homeland Security’s Cybersecurity and Infrastructure Security Advisory Committee (CISAC), launched the cyber moonshot fund Silver Buckshot Ventures, and is a Venture Partner at Ballistic Ventures. Learn more news at Rubrik FORWARD: Rubrik Now Available as AI Agent Rubrik Launches Rubrik Agent Cloud for Anthropic's Claude Code Rubrik Unlocks Unstructured Data Rubrik Introduces Autonomous Business Recovery Solution for Cloud Applications Global Systems Integrators Partner with Rubrik to Deliver Rubrik Agent Cloud for Anthropic's Claude Code Rubrik Advances Identity Resilience Through Strata Acquisition and Identity Roll Forward Innovation SAFE HARBOR STATEMENT Any unreleased services or features referenced in this document are not currently available and may not be made generally available on time or at all, as may be determined in our sole discretion. Any such referenced services or features do not represent promises to deliver, commitments, or obligations of Rubrik, Inc. and may not be incorporated into any contract. Customers should make their purchase decisions based upon services and features that are currently generally available. About Rubrik Rubrik (NYSE: RBRK), the Security and AI Operations Company, leads at the intersection of data protection, cyber resilience, and enterprise AI acceleration. Rubrik Security Cloud delivers complete cyber resilience by securing, monitoring, and recovering data, identities, and workloads across clouds. Rubrik Agent Cloud accelerates trusted AI agent deployments at scale by monitoring and auditing agentic actions, enforcing real-time guardrails, fine-tuning for accuracy and undoing agentic mistakes. For more information, please visit www.rubrik.com and follow @rubrikInc on X (formerly Twitter) and Rubrik on LinkedIn. View source version on businesswire.com: https://www.businesswire.com/news/home/20260609716658/en/ Media Contact:
Jessica Moore
Chief of Communications, Rubrik
(415) 244 6565
press@rubrik.com Original: Rubrik Releases Next Season of Acclaimed “To Catch a Thief” by Nicole Perlroth, Podcast Documentary Details Current Threats from North Korea

In its Q1 Fiscal 2027 financial results reported, Rubrik exceeded all guided metrics and raised its full-year outlook. The company posted $387.1 million in total revenue, representing a 39% year-over-year growth, with Subscription Annual Recurring Revenue (ARR) climbing 32% year-over-year to $1.57 billion.

A quick summary of the recent financial metrics includes:

Revenue Growth: Total revenue reached $387.1 million, driven by strong cloud adoption and cyber resilience demand.

Subscription ARR: Reached $1.57 billion.

Cash Flow: The company reported an operating cash flow margin of 21% and a free cash flow margin of 19%.

Client Expansion: As of Q4 Fiscal 2026, Rubrik had 2,805 customers contributing $100,000 or more in Subscription ARR, a 25% year-over-year increase.

Rubrik Reports First Quarter Fiscal Year 2027 Financial ResultsJune 4, 2026 4:05 PM
Business Wire Results exceeded all guided metrics Raising all guided metrics for fiscal year 2027 First quarter subscription ARR grew 32% year-over-year to $1.57 billion First quarter revenue grew 39% year-over-year to $387.1 million Operating cash flow margin of 21%; free cash flow margin of 19% Rubrik, Inc. (NYSE: RBRK), the Security and AI Operations company, today announced financial results for the first quarter of fiscal year 2027, ended April 30, 2026. “We are off to an excellent start to fiscal 2027 as Rubrik is now an increasingly strategic platform for agentic cyber resilience — bringing together data, identity, and AI in a single architecture. We are more confident than ever that we are in the early innings of the AI acceleration opportunity,” said Bipul Sinha, Rubrik’s Chief Executive Officer, Chairman, and Co-Founder. Commenting on the company’s financial results, Kiran Choudary, Rubrik’s Chief Financial Officer, added, “We are pleased with our strong start to fiscal year 2027, exceeding all guided metrics with subscription ARR of $1.57 billion growing 32% year-over-year and free cash flow margin of 19%. This demonstrates our ability to drive durable growth and meaningful operating leverage at scale.” First Quarter Fiscal 2027 Financial Highlights Subscription Annual Recurring Revenue (ARR): Subscription ARR was up 32% year-over-year, growing to $1.57 billion as of April 30, 2026. Revenue: Subscription revenue was $374.2 million, a 41% increase compared to $265.7 million in the first quarter of fiscal 2026. Total revenue was $387.1 million, a 39% increase compared to $278.5 million in the first quarter of fiscal 2026. This includes $8.5 million in revenue from material rights in the first quarter of fiscal 2027 and $13.4 million in revenue from material rights in the first quarter of fiscal 2026. Revenue excluding material rights increased 43% year-over-year in the first quarter of fiscal 2027. Gross Margin: GAAP gross margin was 80.5%, compared to 78.3% in the first quarter of fiscal 2026. Non-GAAP gross margin was 82.9%, compared to 80.5% in the first quarter of fiscal 2026. Subscription ARR Contribution Margin: Subscription ARR contribution margin was 13.2% compared to 8.0% in the first quarter of fiscal 2026, reflecting the strong net new subscription ARR in the quarter and an improvement in operating leverage in the business. Net Income/Loss per Share: GAAP net loss per share was $(0.21), compared to $(0.53) in the first quarter of fiscal 2026. Non-GAAP net income per share, diluted, was $0.16, compared to non-GAAP net loss per share, diluted, of $(0.15) in the first quarter of fiscal 2026. Cash Flow from Operations: Cash flow from operations was $81.7 million, compared to $39.7 million in the first quarter of fiscal 2026. Free cash flow was $73.6 million, compared to $33.3 million in the first quarter of fiscal 2026. Cash, Cash Equivalents, and Short-Term Investments: Cash, cash equivalents, and short-term investments were $1.75 billion as of April 30, 2026. Recent Business Highlights As of April 30, 2026, Rubrik had 2,946 customers with Subscription ARR of $100,000 or more, up 24% year-over-year. Announced access to Anthropic’s Mythos Research Preview as part of Project Glasswing. An important next step in the evolution of AI and cybersecurity, Rubrik is testing this advanced frontier AI to ensure we can better serve our customers when cyber breaches inevitably happen. Announced the launch of data protection for Google Workspace, designed to bring immutable, air-gapped backups and rapid recovery to Gmail and Google Drive. The offering extends Rubrik’s SaaS cyber resilience coverage to one of the most widely used enterprise platforms alongside M365. Launched Rubrik Agent Cloud (RAC) for Google Cloud’s Gemini Enterprise Agent Platform, designed to enable organizations to auto-discover AI agents, apply real-time intent-based guardrails, and use Rubrik’s “Agent Rewind” capability to instantly reverse destructive agentic actions. Unveiled SAGE (Semantic AI Governance Engine), Rubrik’s proprietary AI governance engine underpinning real-time, intent-based agentic guardrails in Rubrik Agent Cloud. Announced a new integration with Microsoft Defender that connects Microsoft’s real-time identity threat detection with Rubrik’s automated identity rollback and recovery, enabling response times measured in hours rather than days. Selected as an American Hospital Association (AHA) Preferred Cybersecurity Provider, giving nearly 5,000 AHA member hospitals access to Rubrik’s cyber resilience bundle including Identity Recovery, M365 protection, ransomware-response workshops, and financial impact assessments. Launched rubrik.com/community, a dedicated practitioner platform for professionals across data protection, identity security, cloud resilience, and AI operations, featuring peer networking, practitioner-authored playbooks, and Regional Huddle for Resilience (H4R) in-person meetups. Second Quarter and Fiscal Year 2027 Outlook Rubrik is providing the following guidance for the second quarter of fiscal year 2027 and the full fiscal year 2027: Second Quarter Fiscal 2027 Outlook: Revenue of $395 million to $397 million. Non-GAAP subscription ARR contribution margin of approximately 11-12%. Non-GAAP net income per share of $0.03 to $0.05. Weighted-average shares outstanding of approximately 224 million. Full Fiscal Year 2027 Outlook: Subscription ARR between $1,854 million and $1,862 million. Revenue of $1,638 million to $1,648 million. Non-GAAP subscription ARR contribution margin of approximately ~14%. Non-GAAP net income per share of $0.25 to $0.35. Weighted-average shares outstanding of approximately 228 million. Free cash flow of $293 million to $303 million. Additional information on Rubrik’s reported results, including a reconciliation of the non-GAAP results to their most comparable GAAP measures, is included in the financial tables below. A reconciliation of non-GAAP guidance measures to corresponding GAAP measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty of expenses that may be incurred in the future, although it is important to note that these factors could be material to Rubrik’s results computed in accordance with GAAP. For example, stock-based compensation-related charges, including employer payroll tax-related items on employee stock transactions, are impacted by the timing of employee stock transactions, the future fair market value of Rubrik’s Class A common stock, and Rubrik’s future hiring and retention needs, all of which are difficult to predict and subject to constant change. Conference Call Information Rubrik will host a conference call to discuss results for the first quarter of fiscal year 2027, as well as its financial outlook for the second quarter and full fiscal year 2027 today at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time. Open to the public, analysts and investors may access the webcast, results press release, and investor presentation on Rubrik’s investor relations website at https://ir.rubrik.com. A replay of the webcast will also be accessible from Rubrik’s investor relations website a few hours after the conclusion of the live event. Rubrik uses its investor relations website and may use certain social media accounts including X (formerly Twitter) (@rubrikInc and @bipulsinha) and LinkedIn (www.linkedin.com/company/rubrik-inc and www.linkedin.com/in/bipulsinha) as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD. Forward-Looking Statements This press release and the related conference call contain express and implied “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding Rubrik’s financial outlook for the second quarter of fiscal year 2027 and full fiscal year 2027, changes to Rubrik’s global revenue organization and the impact on continued growth, Rubrik’s market position, market opportunities, including with respect to generative and agentic AI, and growth strategy, Rubrik’s ability to drive operating leverage and profitability, Rubrik’s platform vision and strategic positioning, product initiatives, strategic partnerships and alliances, go-to-market motions and market trends. In some cases, you can identify forward-looking statements by terms such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “project,” “will,” “would,” “should,” “could,” “can,” “predict,” “potential,” “target,” “explore,” “continue,” “outlook,” “guidance,” or the negative of these terms, where applicable, and similar expressions intended to identify forward-looking statements. By their nature, these statements are subject to numerous uncertainties and risks, including factors beyond Rubrik’s control, that could cause actual results, performance or achievement to differ materially and adversely from those anticipated or implied in the statements. Risks include but are not limited to Rubrik’s limited operating history, the growth rate of the market in which Rubrik competes, Rubrik’s ability to effectively manage and sustain its growth, Rubrik’s ability to introduce new products on top of its platform, Rubrik’s ability to compete with existing competitors and new market entrants, Rubrik’s ability to effectively manage the leadership transition in its global revenue organization, Rubrik’s ability to expand internationally, its ability to utilize AI successfully in its current and future products, Rubrik’s ability to successfully integrate acquisitions into its business and operations, and international conflict, global security concerns and their potential impact on regional and global economies and supply chains. Additional risks and uncertainties that could cause actual outcomes and results to differ materially from those contemplated by the forward-looking statements are included under the caption “Risk Factors” and elsewhere in our most recent filings with the Securities and Exchange Commission, including in our Annual Report on Form 10-K for the fiscal year ended January 31, 2026. Forward-looking statements speak only as of the date the statements are made and are based on information available to Rubrik at the time those statements are made and/or management’s good faith belief as of that time with respect to future events. Rubrik assumes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made, except as required by law. Non-GAAP Financial Measures Rubrik has provided in this press release financial information that has not been prepared in accordance with GAAP. Rubrik uses these non-GAAP financial measures internally in analyzing its financial results and believes that use of these non-GAAP financial measures is useful to investors as an additional tool to evaluate ongoing operating results and trends and in comparing Rubrik’s financial results with other companies in its industry, many of which present similar non-GAAP financial measures. Non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP financial measures and should be read only in conjunction with Rubrik’s condensed consolidated financial statements prepared in accordance with GAAP. A reconciliation of Rubrik’s historical non-GAAP financial measures to the most directly comparable GAAP measures has been provided in the financial statement tables included in this press release, and investors are encouraged to review the reconciliation. Free Cash Flow and Free Cash Flow Margin. Rubrik defines free cash flow as net cash provided by (used in) operating activities less cash used for purchases of property and equipment and capitalized internal-use software. Rubrik believes free cash flow is a helpful indicator of liquidity that provides information to management and investors about the amount of cash generated or used by Rubrik’s operations that, after the investments in property and equipment and capitalized internal-use software, can be used for strategic initiatives, including investing in Rubrik’s business and strengthening its financial position. One limitation of free cash flow is that it does not reflect Rubrik’s future contractual commitments. Additionally, free cash flow is not a substitute for cash provided by (used in) operating activities and the utility of free cash flow as a measure of Rubrik’s liquidity is further limited as it does not represent the total increase or decrease in Rubrik’s cash balance for a given period. Free cash flow margin is calculated as free cash flow divided by total revenue. Non-GAAP Subscription Cost of Revenue. Rubrik defines non-GAAP subscription cost of revenue as subscription cost of revenue, adjusted for amortization of acquired intangibles, stock-based compensation expense, stock-based compensation included in amortization of capitalized internal-use software, and other non-recurring items. Non-GAAP Operating Expenses (Research and Development, Sales and Marketing, General and Administrative). Rubrik defines non-GAAP operating expenses as operating expenses (research and development, sales and marketing, general and administrative), adjusted for, as applicable, stock-based compensation expense, and other non-recurring items. Non-GAAP Gross Profit, Non-GAAP Operating Income (Loss), and Non-GAAP Net Income (Loss). Rubrik defines non-GAAP gross profit, non-GAAP operating income (loss), and non-GAAP net income (loss) as the respective GAAP measure, excluding, as applicable, the effect of amortization of acquired intangibles, stock-based compensation expense, stock-based compensation included in amortization of capitalized internal-use software, amortization of debt issuance costs, other non-recurring items, and the related income tax effect of these adjustments. Non-GAAP Gross Margin. Rubrik defines non-GAAP gross margin as non-GAAP gross profit as a percentage of total revenue. Non-GAAP Net Income (Loss) Per Share, Basic and Diluted. Rubrik defines non-GAAP net income (loss) per share, basic as non-GAAP net income (loss) divided by the weighted-average number of shares of common stock outstanding during the period. Our non-GAAP net income per share, diluted is defined as non-GAAP net income divided by the non-GAAP weighted-average number of diluted shares outstanding, which includes (a) the effect of all potentially dilutive common stock equivalents (stock options, restricted stock units, restricted stocks, employee stock purchase rights under our 2024 Employee Stock Purchase Plan), and (b) the potential dilutive effect of the shares issuable upon conversion of our convertible senior notes using the if-converted method. Subscription Annual Recurring Revenue (“ARR”) Contribution Margin. Rubrik defines Subscription ARR Contribution Margin as Subscription ARR contribution divided by Subscription ARR at the end of the period. Rubrik defines Subscription ARR Contribution as Subscription ARR at the end of the period less: (i) non-GAAP subscription cost of revenue and (ii) non-GAAP operating expenses for the prior 12-month period ending on that date. Rubrik believes that Subscription ARR Contribution Margin is a helpful indicator of operating leverage. One limitation of Subscription ARR Contribution Margin is that the factors that impact Subscription ARR will vary from those that impact subscription revenue and, as such, may not provide an accurate indication of Rubrik’s actual or future GAAP results. Additionally, the historical expenses in this calculation may not accurately reflect the costs associated with future commitments. Key Business Metrics Subscription ARR. Rubrik calculates Subscription ARR as the annualized value of our active subscriptions as of the measurement date, based on our customers’ total contract value, and assuming any contract that expires during the next 12 months is renewed on existing terms. Subscriptions include offerings for our RSC platform and related data security SaaS solutions, term-based licenses for our RSC-Private platform and related products, prior sales of CDM sold as a subscription term-based license with associated support and related SaaS products, and standalone sales of our SaaS subscription offerings like Anomaly Detection, Sensitive Data Monitoring and Resilience Guardian. Net new Subscription ARR refers to the difference between Subscription ARR in the reported period and Subscription ARR in the prior quarter, and captures new logos and expansions, offset by contraction and attrition since the prior quarter. Cloud ARR. Rubrik calculates Cloud ARR as the annualized value of our active cloud-based subscriptions as of the measurement date, based on our customers’ total contract value, and assuming any contract that expires during the next 12 months is renewed on existing terms. Our cloud-based subscriptions include RSC and RSC-Government (excluding RSC-Private). Cloud ARR also includes SaaS subscription offerings like Anomaly Detection and Sensitive Data Monitoring, which are sold standalone or with prior sales of term-based license offerings of CDM. Average Subscription Dollar-Based Net Retention Rate. Rubrik calculates Average Subscription Dollar-Based Net Retention Rate by first identifying subscription customers (“Prior Period Subscription Customers”) which were subscription customers at the end of a particular quarter (the “Prior Period”). Rubrik then calculates the Subscription ARR from these Prior Period Subscription Customers at the end of the same quarter of the subsequent year (the “Current Period”). This calculation captures upsells, contraction, and attrition since the Prior Period. Rubrik then divides total Current Period Subscription ARR by the total Prior Period Subscription ARR for Prior Period Subscription Customers. Rubrik’s Average Subscription Dollar-Based Net Retention Rate in a particular quarter is obtained by averaging the result from that particular quarter with the corresponding results from each of the prior three quarters. Customers with $100K or More in Subscription ARR. Customers with $100K or more in Subscription ARR represent the number of customers that contributed $100,000 or more in Subscription ARR as of period end. About Rubrik Rubrik (NYSE: RBRK), the Security and AI Operations Company, leads at the intersection of data protection, cyber resilience, and enterprise AI acceleration. Rubrik Security Cloud delivers complete cyber resilience by securing, monitoring, and recovering data, identities, and workloads across clouds. Rubrik Agent Cloud accelerates trusted AI agent deployments at scale by monitoring and auditing agentic actions, enforcing real-time guardrails, fine-tuning for accuracy and undoing agentic mistakes. Rubrik, Inc. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share amounts) (unaudited)       Three Months Ended April 30,       2026       2025   Revenue         Subscription   $ 374,153     $ 265,661   Other     12,915       12,820   Total revenue     387,068       278,481             Cost of revenue         Subscription     66,723       51,912   Other     8,562       8,571   Total cost of revenue     75,285       60,483             Gross profit     311,783       217,998   Operating expenses         Research and development     114,341       81,815   Sales and marketing     193,098       169,993   General and administrative     56,978       59,281   Total operating expenses     364,417       311,089             Loss from operations     (52,634 )     (93,091 ) Interest income     15,898       7,696   Interest expense     (1,070 )     (9,813 ) Other income (expense), net     590       (5,622 ) Loss before income taxes     (37,216 )     (100,830 ) Income tax expense     4,637       1,274   Net loss   $ (41,853 )   $ (102,104 ) Net loss per share, basic and diluted   $ (0.21 )   $ (0.53 ) Weighted-average shares used in computing net loss per share, basic and diluted     203,668     191,625   Rubrik, Inc. CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands) (unaudited)     April 30,   January 31,     2026       2026   Assets Current assets       Cash and cash equivalents $ 429,397     $ 380,196   Short-term investments   1,319,717       1,295,579   Accounts receivable, net of allowances   199,344       256,773   Deferred commissions   109,910       110,651   Prepaid expenses and other current assets   165,368       180,365   Total current assets   2,223,736       2,223,564   Property and equipment, net   86,504       83,830   Deferred commissions, noncurrent   155,621       157,592   Goodwill   199,606       199,606   Other assets, noncurrent   102,780       101,944   Total assets $ 2,768,247     $ 2,766,536   Liabilities and stockholders’ deficit Current liabilities       Accounts payable $ 14,161     $ 15,329   Accrued expenses and other current liabilities   143,910       229,976   Deferred revenue   1,121,975       1,068,754   Total current liabilities   1,280,046       1,314,059   Deferred revenue, noncurrent   766,401       776,547   Other liabilities, noncurrent   71,334       64,771   Convertible senior notes, net   1,131,791       1,130,721           Total liabilities   3,249,572       3,286,098           Stockholders’ deficit       Class A common stock   4       4   Class B common stock   1       1   Additional paid-in capital   2,755,906       2,662,861   Accumulated other comprehensive loss   (9,222 )     3,733   Accumulated deficit   (3,228,014 )     (3,186,161 ) Total stockholders’ deficit   (481,325 )     (519,562 ) Total liabilities and stockholders’ deficit $ 2,768,247     $ 2,766,536    Rubrik, Inc. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) (unaudited)     Three Months Ended April 30,     2026       2025   Cash flows from operating activities:       Net loss $ (41,853 )   $ (102,104 ) Adjustments to reconcile net loss to net cash provided by operating activities:       Depreciation and amortization   12,081       8,075   Stock-based compensation   73,368       73,540   Amortization of deferred commissions   29,307       24,785   Deferred income taxes   489       604   Other   1,850       (375 ) Changes in operating assets and liabilities:       Accounts receivable   57,429       12,031   Deferred commissions   (26,595 )     (21,449 ) Prepaid expenses and other assets   13,783       (7,824 ) Accounts payable   (861 )     (489 ) Accrued expenses and other liabilities   (80,384 )     (36,813 ) Deferred revenue   43,075       89,674   Net cash provided by operating activities   81,689       39,655   Cash flows from investing activities:       Purchases of property and equipment   (4,277 )     (2,850 ) Capitalized internal-use software   (3,799 )     (3,465 ) Purchases of investments   (291,957 )     (120,162 ) Maturities of investments   263,850       162,617   Payments for business combinations, net of cash acquired   —       (1,975 ) Net cash (used in) provided by investing activities   (36,183 )     34,165   Cash flows from financing activities:       Proceeds from exercise of stock options   656       1,849   Proceeds from issuance of common stock under employee stock purchase plan   16,559       13,492   Net cash provided by financing activities   17,215       15,341   Effect of exchange rate on cash, cash equivalents, and restricted cash   (9,483 )     8,751   Net increase in cash, cash equivalents, and restricted cash   53,238       97,912   Cash, cash equivalents, and restricted cash, beginning of period   392,740       193,594   Cash, cash equivalents, and restricted cash, end of period $ 445,978     $ 291,506   Rubrik, Inc. GAAP to Non-GAAP Reconciliations (in thousands, except percentages and per share data) (unaudited)     Three Months Ended April 30,     2026       2025   Reconciliation of GAAP total gross profit to non-GAAP total gross profit:       Total gross profit on a GAAP basis $ 311,783     $ 217,998   Add: Stock-based compensation expense   5,265       4,825   Add: Stock-based compensation included in amortization of capitalized internal-use software   1,096       349   Add: Amortization of acquired intangibles   2,802       960   Non-GAAP total gross profit $ 320,946     $ 224,132   GAAP total gross margin   80.5 %     78.3 % Non-GAAP total gross margin   82.9 %     80.5 %         Reconciliation of GAAP operating expenses to non-GAAP operating expenses:       Research and development operating expense on a GAAP basis $ 114,341     $ 81,815   Less: Stock-based compensation expense   33,026       19,812   Non-GAAP research and development operating expense $ 81,315     $ 62,003           Sales and marketing operating expense on a GAAP basis $ 193,098     $ 169,993   Less: Stock-based compensation expense   16,331       24,144   Non-GAAP sales and marketing operating expense $ 176,767     $ 145,849           General and administrative operating expense on a GAAP basis $ 56,978     $ 59,281   Less: Stock-based compensation expense   18,746       24,759   Non-GAAP general and administrative operating expense $ 38,232     $ 34,522           Reconciliation of GAAP operating loss to non-GAAP operating income (loss):       Operating loss on a GAAP basis $ (52,634 )   $ (93,091 ) Add: Stock-based compensation expense   73,368       73,540   Add: Stock-based compensation included in amortization of capitalized internal-use software   1,096       349   Add: Amortization of acquired intangibles   2,802       960   Non-GAAP operating income (loss) $ 24,632     $ (18,242 )         Reconciliation of GAAP net loss to non-GAAP net income (loss):       Net loss on a GAAP basis $ (41,853 )   $ (102,104 ) Add: Stock-based compensation expense   73,368       73,540   Add: Stock-based compensation included in amortization of capitalized internal-use software   1,096       349   Add: Amortization of acquired intangibles   2,802       960   Add: Amortization of debt issuance costs   1,070       —   Income tax expenses effect related to the above adjustments   (321 )     (1,428 ) Non-GAAP net income (loss) $ 36,162     $ (28,683 )                   Three Months Ended April 30,     2026       2025   Net income (loss) per share - basic and diluted:       GAAP net loss per share, basic and diluted $ (0.21 )   $ (0.53 ) Weighted-average shares used to compute GAAP net loss per share, basic and diluted   203,668       191,625           Non-GAAP net income (loss) per share, basic $ 0.18     $ (0.15 ) Weighted-average shares used to compute non-GAAP net income (loss) per share, basic   203,668       191,625           Non-GAAP net income (loss) per share, diluted $ 0.16     $ (0.15 )         Weighted-average shares used to compute GAAP net loss per share, basic and diluted   203,668       191,625   Add: Effect of potentially dilutive common stock equivalents   11,243       —   Add: Effect of convertible senior notes   9,218       —   Weighted-average shares used to compute non-GAAP net income (loss) per share, diluted(1)   224,129       191,625     (1) For the periods in which we had non-GAAP net income, the non-GAAP weighted-average shares used in computing non-GAAP net income per share, diluted included (a) the effect of all potentially dilutive common stock equivalents (stock options, restricted stock units, restricted stocks and employee stock purchase rights under our 2024 Employee Stock Purchase Plan, to the extent they are dilutive) and (b) the potential dilutive effect of shares issuable upon conversion of the convertible senior notes using the if-converted method. The capped call transactions entered into in connection with the convertible senior notes had no dilutive impact for any of the periods presented. The following table presents a reconciliation of free cash flow to net cash provided by operating activities, the most directly comparable GAAP measure, for each of the periods indicated (unaudited, in thousands, except percentages):   Three Months Ended April 30,     2026       2025   Net cash provided by operating activities $ 81,689     $ 39,655   Less: Purchases of property and equipment   (4,277 )     (2,850 ) Less: Capitalized internal-use software   (3,799 )     (3,465 ) Free cash flow $ 73,613     $ 33,340   Operating cash flow margin   21 %     14 % Free cash flow margin   19 %     12 % Net cash (used in) provided by investing activities $ (36,183 )   $ 34,165   Net cash provided by financing activities $ 17,215     $ 15,341   The following table presents the calculation of Subscription ARR Contribution Margin for the periods presented as well as a reconciliation of (i) non-GAAP subscription cost of revenue to subscription cost of revenue and (ii) non-GAAP operating expenses to operating expenses (in thousands, except percentages):     Twelve Months Ended April 30,       2026       2025   Subscription cost of revenue   $ 244,552     $ 193,223   Stock-based compensation expense     (17,037 )     (18,289 ) Stock-based compensation included in amortization of capitalized internal-use software     (2,903 )     (607 ) Amortization of acquired intangibles     (9,330 )     (3,730 ) Non-GAAP subscription cost of revenue   $ 215,282     $ 170,597             Operating expenses   $ 1,453,058     $ 1,249,744   Stock-based compensation expense     (309,832 )     (334,156 ) Non-GAAP operating expenses   $ 1,143,226     $ 915,588             Subscription ARR   $ 1,565,141     $ 1,181,269   Non-GAAP subscription cost of revenue     (215,282 )     (170,597 ) Non-GAAP operating expenses     (1,143,226 )     (915,588 ) Subscription ARR Contribution   $ 206,633     $ 95,084   Subscription ARR Contribution Margin     13.2 %     8.0 %   View source version on businesswire.com: https://www.businesswire.com/news/home/20260604503136/en/ Investor Relations Contact
Melissa Franchi
VP, Head of Investor Relations, Rubrik
781.367.0733
IR@rubrik.com Public Relations Contact
Jessica Moore
VP, Global Communications, Rubrik
415.244.6565
jessica.moore@rubrik.com Original: Rubrik Reports First Quarter Fiscal Year 2027 Financial Results

What If the Best Way to Protect Data Was to Delete It First?June 3, 2026 11:51 AM
PR Newswire (Canada) Issued on behalf of Integrated Quantum TechnologiesVANCOUVER, BC, June 3, 2026 /CNW/ -- Equity-Insider.com News Commentary — Every few years, a security idea comes along that inverts the usual logic. For decades, the strategy for protecting sensitive data has been to build higher walls around it — stronger encryption, tighter access controls, better monitoring. But attackers keep finding ways over, under, and through the walls, and the explosion of artificial intelligence has made the problem worse by pouring more sensitive data into more systems than ever before. So a handful of companies have started asking a different question: what if you simply removed the sensitive data from the equation entirely, so there is nothing valuable left to steal? That is the bet at the heart of Integrated Quantum Technologies, and on June 3, 2026 the company introduced and integrated it into Snowflake's AI Data Cloud, a leading global platform.The launch
At Snowflake Summit 26, Integrated Cyber Solutions Inc. (CSE: ICS) (OTCQB: IGCRF) (FSE: Y4G), doing business as Integrated Quantum Technologies, launched VEIL™ on the Snowflake AI Data Cloud. The integration is designed to let enterprises secure sensitive data before it ever enters machine-learning pipelines, using a privacy-preserving framework that removes personally identifiable information — PII — while conserving and even enhancing the data's usefulness for training and running AI models.The elegance of the approach is in its inversion of the usual trade-off. Conventional security assumes you must choose between protecting data and using it; lock it down and it is safe but less useful, open it up and it is useful but exposed. VEIL™'s pitch is that you can have both — strip out the identifiers that make data dangerous, transform what remains into compact, secured representations, and feed those into models that are just as powerful, arguably more so. As EVP of AI & Innovation Jeremy Samuelson put it, the goal is to "protect the data that powers ML models without limiting their value and without willingly exposing it by using aging frameworks.""The time has come where we need to stop giving attackers any chance of getting what they want. We need to remove it instead," Samuelson said. "VEIL™ does that — it removes PII and transforms data into secure, ultra compact representations, delivering super-charged ML models and next-gen security.""As organizations scale their use of AI, protecting sensitive data and maintaining trust remain critical priorities across the industry," said Amy Kodl, the company's SVP of Worldwide Alliances & Channels.See how VEIL™ fits into the AI-security landscape — view the full Integrated Quantum Technologies briefing here.Why now: two threats, one answer
The timing reflects two threats converging at once. The first is immediate: AI is increasingly being used to automate and accelerate cyberattacks, raising the stakes for any organization holding sensitive data. The second is on a clock: quantum computing has created what security professionals call a "harvest now, decrypt later" threat — the risk that adversaries capture encrypted data today and decrypt it once quantum hardware matures. For data that must stay private for years, that future threat is effectively a present-day risk.VEIL™ is designed to bridge that gap, addressing emerging post-quantum security risks, growing compute demands, and the rising complexity of deploying AI at scale. By removing sensitive identifiers up front, the approach attacks both problems simultaneously: there is less to steal in an AI-automated breach today, and less to decrypt in a quantum-enabled one tomorrow. It is the first commercial product under the company's broader AIQu™ platform — its long-term framework for privacy-preserving, resilient AI — alongside its Managed Services and SecureGuard360™ monitoring platform.The company it now keeps
Launching on the Snowflake AI Data Cloud places Integrated Quantum Technologies in the orbit of some of the most consequential names in data and AI — a useful way to understand the landscape it is entering, even though these companies operate at vastly larger scale.The most direct reference point is Snowflake Inc. (NYSE: SNOW) itself, the cloud-native data platform on which VEIL™ now runs. Snowflake has spent the past two years repositioning itself as an AI Data Cloud, encouraging partners to build security, governance and AI tools directly on its platform so enterprises can adopt them without operational friction. For a company like Integrated Quantum, that partner ecosystem is the on-ramp to thousands of large customers; security partners like VEIL™ help address the data-protection concerns that can otherwise slow AI adoption.Palantir Technologies Inc. (NASDAQ: PLTR) offers a second reference point as the company that has most aggressively turned sensitive-data analytics into an enterprise and government franchise. Palantir's platforms are built around the premise that the value of data lies in connecting and analyzing it — which makes protecting that data while preserving its utility exactly the problem privacy-preserving tools aim to solve. Palantir illustrates the scale of demand for trusted analysis of sensitive information, the same demand Integrated Quantum is targeting from the security side.Cloudflare, Inc. (NYSE: NET) shows how quickly post-quantum security is moving from theory into infrastructure. Cloudflare has rolled out post-quantum cryptography across its network, encrypting a growing share of internet traffic with quantum-resistant protocols and making the technology available to the millions of websites and applications it serves. Cloudflare demonstrates that quantum-safe security is not a distant concept but something already being deployed at internet scale — validating the urgency behind Integrated Quantum's post-quantum positioning.Rubrik, Inc. (NYSE: RBRK) rounds out the set as a data-security and cyber-resilience company focused on protecting and recovering enterprise data. As organizations pour data into AI systems, the question of how to secure, govern and recover that data becomes central — and Rubrik's rapid growth reflects how much enterprises are willing to spend on data security specifically. Rubrik underscores that data protection has become its own high-growth category, the broad market into which Integrated Quantum's narrower "remove the sensitive data" approach fits.Across these names, the throughline is unmistakable: data has become both the fuel of AI and its biggest liability, and the market is rewarding companies that can make sensitive data safe to use. Integrated Quantum Technologies is attacking that problem from a distinctive angle — removing the sensitive data rather than merely guarding it — at a far earlier stage than these established players, but on the same platform many of them already touch.Want the full VEIL™ and AIQu™ platform story? Explore the Integrated Quantum Technologies breakdown here.What to watch
The launch is a milestone, not a finish line. Integrated Quantum Technologies is an early-commercial micro-cap, and the questions that matter now are about traction: whether joint Snowflake customers adopt VEIL™, whether that adoption converts into revenue, and whether the company can build out the rest of its AIQu™ platform behind it. Investors will also watch for follow-on partnerships and any certification or compliance milestones that make the product easier for large, regulated enterprises to buy.None of that is guaranteed, and the risks — adoption, execution, competition from far larger companies, and the inherent uncertainty of an early-stage technology — are real. But the idea at the core of VEIL™ is genuinely timely: in a world where AI keeps multiplying the amount of sensitive data in motion and quantum computing threatens the encryption protecting it, "remove the data" is a compelling answer to a problem that is only getting bigger. The coming quarters will reveal whether the market agrees.Stay ahead of the next Integrated Quantum Technologies update — get the full story here.TRACK THE TREND WITH EAGLE EYE:
To help investors track sentiment and market-forum activity around developing stories like this one, MIQ offers Eagle Eye, a free investor-signal tool that scans market-forum discussion for emerging trends. It is available to everyone at eagleeye.usanewsgroup.com as a research aid — not investment advice — to help investors make more informed decisions.CONTACT:
EQUITY INSIDER
info @therooster-2873DISCLAIMER:
Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither and offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is a wholly-owned subsidiary of Market IQ Media Group (MIQ). MIQ has been paid a fee for Integrated Cyber Solutions (ICS). advertising and digital media from the company directly. There may be 3rd parties who may have shares of ICS, and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ owns shares of ICS which were purchased in the open market, and/or through private placements, and reserve the right to buy and sell, and will sell shares of ICS at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by MIQ has been approved by ICS; this is a paid advertisement, we currently own shares of ICS and will sell shares of the company in the open market, or through private placements, and/or other investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.SOURCES:
https://www.integratedquantum.com/
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Rubrik Gains Access to Anthropic Mythos Research Preview to Advance Cyber ResilienceJune 2, 2026 10:30 AM
Business Wire Rubrik joins Project Glasswing in the evolution of AI and cybersecurity Rubrik (NYSE: RBRK), the Security and AI Operations Company, today announced it has been granted access to Anthropic’s Mythos Research Preview as part of Project Glasswing. An important next step in the evolution of AI and cybersecurity, Rubrik is testing this advanced frontier AI defensively to identify, vet, and patch potential software vulnerabilities across the company’s enterprise platform and products suites. Anthropic is giving access to Mythos Research Preview to organizations that build or maintain critical software infrastructure for the purposes of finding and fixing vulnerabilities in advance. “It’s important for us to be a part of Anthropic’s Glasswing project as we work to speed trusted AI transformation for our customers, which includes both trust in our software and in our ability to deliver preemptive recovery and resilience,” said Bipul Sinha, CEO, Chairman and Co-founder of Rubrik. “By putting Anthropic’s model to work directly on our code, we are proactively purging potential vulnerabilities before they can ever be leveraged against us.” Claude Mythos Research Preview validates that the speed of discovery of software vulnerabilities is a risk that needs to be taken seriously. Anthropic is helping its partners to plan ahead, to be preemptive, which is to vet their systems and apply fixes that position them best for future recovery and resilience. For more information on Rubrik joining Anthropic’s Project Glasswing, read Rubrik’s blog post here. About Rubrik Rubrik (NYSE: RBRK), the Security and AI Operations Company, leads at the intersection of data protection, cyber resilience, and enterprise AI acceleration. Rubrik Security Cloud delivers complete cyber resilience by securing, monitoring, and recovering data, identities, and workloads across clouds. Rubrik Agent Cloud accelerates trusted AI agent deployments at scale by monitoring and auditing agentic actions, enforcing real-time guardrails, fine-tuning for accuracy, and undoing agentic mistakes. View source version on businesswire.com: https://www.businesswire.com/news/home/20260602607075/en/ Media Contact
Jessica Moore
Chief of Comms, Rubrik
press@rubrik.com
415.244.6565 Original: Rubrik Gains Access to Anthropic Mythos Research Preview to Advance Cyber Resilience

As Agentic AI Adoption Accelerates, Rubrik Warns of Growing Security GapsApril 16, 2026 1:12 PM
Business Wire
New research from Rubrik Zero Labs highlights a critical lack of identity governance as organizations race to adopt autonomous systems they cannot fully observe or restore.


The enterprise push into AI agents is outpacing the ability to secure them, according to new research from Rubrik Zero Labs.


Rubrik (NYSE: RBRK) announced today the findings from the report, which show organizations are operationalizing autonomous systems without the controls required to govern them, introducing a gap between innovation and security.


Based on a survey of more than 1,600 IT and security leaders, the report reveals:



86% expect AI agents to outpace their organization’s security guardrails within the next year.



Only 23% report full visibility into the agents operating in their environments, which the report notes is likely an over-estimation on the part of respondents. The result is the inability to secure identities that are already making decisions, taking actions, and interacting with critical data.



The gap is compounded by identity sprawl. Non-human identities tied to agents are proliferating faster than enterprises can track or govern them, forming what researchers describe as a “shadow workforce.” These identities often operate with persistent access and limited oversight, creating new pathways for misuse, compromise, and lateral movement.


At the same time, the operational promise of AI agents is under strain. The report also found:



More than 80% of respondents report agents require more manual oversight than they save in efficiency.



88% say they lack the ability to roll back agent actions without system disruption.



Recovery and prevention are emerging as primary points of failure. Nearly nine in ten leaders expressed concern about meeting recovery objectives as agent-driven threats increase.



The threat itself is accelerating. Nearly half of respondents expect agentic systems to drive the majority of attacks in the coming year, reflecting a broader shift in how adversaries operate. Autonomous systems compress timelines, scale attacks, and blur the line between insider risk and external compromise.


“AI adoption is outpacing our ability to control it. Enterprises are struggling because they’ve deployed systems they can’t fully observe, govern, or restore,” said Kavitha Mariappan, Chief Transformation Officer at Rubrik. “We have to move past the debate of whether AI is risky and address the harder reality: as decision-making shifts from human to machine, the critical challenge for every leader is maintaining operational safety in an increasingly autonomous landscape.”


For boards and executive teams, the implication is immediate. AI strategy is now inseparable from resilience strategy. Organizations that continue to prioritize deployment speed over control mechanisms risk creating environments where failures cannot be contained or reversed.


“Identity verification is the fundamental underpinning that will allow us to get the greatest automation benefits of AI without imposing human bottlenecks,” says Renown Health VP, Chief Information Security & Technology Officer Steven Ramirez. “Verification and visibility are prerequisites for sound, secure agentic implementation.”


Rubrik Zero Labs’ report, The State of the Agent: Understanding Adoption, Risk, and Mitigation, combines global survey data with technical analysis of emerging attack vectors across the tool, cognitive, and identity layers of AI systems. The research outlines a shift already underway: security is no longer about preventing breach alone, but about maintaining control in systems that no longer wait for human input.


About Rubrik


Rubrik (RBRK), the Security and AI Operations Company, leads at the intersection of data protection, cyber resilience, and enterprise AI acceleration. Rubrik Security Cloud delivers complete cyber resilience by securing, monitoring, and recovering data, identities, and workloads across clouds. Rubrik Agent Cloud accelerates trusted AI agent deployments at scale by monitoring and auditing agentic actions, enforcing real-time guardrails, fine-tuning for accuracy and undoing agentic mistakes. For more information, please visit www.rubrik.com and follow @rubrikInc on X (formerly Twitter) and Rubrik on LinkedIn.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260416785298/en/
Media Contact

Meghan Fintland

Head of Global PR

925.785.9192

press@rubrik.com


Original: As Agentic AI Adoption Accelerates, Rubrik Warns of Growing Security Gaps

The Clock is Running Out on Legacy Encryption: These 5 Stocks Know This FactApril 16, 2026 10:00 AM
PR Newswire (US)

Issued on behalf of Quantum Secure Encryption Corp.USANewsGroup.com News CommentaryVANCOUVER, BC, April 16, 2026 /PRNewswire/ -- Here's the problem keeping CISOs up at night: hackers are already stealing encrypted data, betting they'll crack it later once quantum computers catch up. The Global Risk Institute's latest survey puts the odds of that happening within ten years somewhere between 28% and 49%, the highest estimate in seven years of tracking[1]. Meanwhile, IBM's 2026 threat intelligence shows attackers aren't even bothering with perimeter hacks anymore; they're walking in through stolen credentials and trusted integrations[2]. That's creating a structural tailwind for companies building the next layer of defense: Quantum Secure Encryption Corp. (CSE: QSE) (OTCQB: QSEGF) (FSE: VN8), Microsoft (NASDAQ: MSFT), Rubrik (NYSE: RBRK), SailPoint (NASDAQ: SAIL), and Amazon Web Services (NASDAQ: AMZN).
The timeline used to feel comfortable. Not anymore. Industry analysts now estimate Q-Day could arrive by 2030, turning what looked like a generational planning exercise into a five-year execution window[3]. The Cloud Security Alliance warns that 'harvest now, decrypt later' exposure is already a live threat, which is why post-quantum migration platforms and identity resilience solutions are emerging as the primary value drivers for this spending cycle[4].Quantum Secure Encryption (CSE: QSE) (OTCQB: QSEGF) (FSE: VN8) has launched QPA v2, an enterprise platform built to do something most organizations have been putting off: figure out exactly where their encryption is vulnerable to quantum computing, and lay out a step-by-step plan to fix it before it matters.The Vancouver-based company designed QPA v2 around the idea that most large organizations already know quantum computing poses a threat to current encryption. What they lack is a practical way to act on it. The platform delivers a planning wizard covering governance, budgets, and migration timelines, AI-enhanced modules that score an organization's cryptographic readiness, and inventory tools that scan software, hardware, and encryption components to surface what needs upgrading. A centralized executive dashboard gives leadership a real-time view of risk exposure and migration progress across the entire organization. QSE says the platform is already live and in use with both existing and prospective clients."Organizations are now moving from understanding quantum risk to actively planning for it," said Ted Carefoot, CEO of QSE. "QPA v2 is designed to support that transition by providing a structured, repeatable framework that enables enterprises and public-sector organizations to assess their current state, prioritize risk, and plan their migration toward post-quantum cryptographic standards."The company's public-sector push is already producing results. QSE recently landed its first municipal government pilot through its membership in MISA (Municipal Information Systems Association), a national network connecting Canadian municipalities with new technology. That pilot municipality is now using QPA to identify which systems depend on encryption that quantum computers could eventually crack, and to begin planning replacements. QSE says conversations with additional municipalities are already underway.The commercial footprint has grown just as quickly. Since November 2025, QSE has expanded from four to thirteen operational markets worldwide, with eleven value-added distributors active and two more partnerships expected to close shortly. The company also joined CADSI (Canadian Association of Defence and Security Industries), creating new pathways into Canadian defence and public-sector procurement.QPA v2 integrates with QSE's broader product suite, including its quantum-resilient key infrastructure, QAuth identity platform, and encrypted storage solutions. QSE is a Canadian post-quantum security company helping organizations protect sensitive data from the more powerful cyberattacks quantum computing is expected to enable, serving commercial, enterprise, and government clients ahead of a generational shift in encryption.CONTINUED… Read this and more on QSE at: https://usanewsgroup.com/2024/04/26/the-currency-of-tomorrow-why-investing-in-cutting-edge-ai-recognition-tech-could-mean-big-money/Other industry developments and happenings in the market include:Microsoft (NASDAQ: MSFT) and Rubrik (NYSE: RBRK) announced a new integration at RSAC 2026, combining Microsoft Defender's real-time identity threat detection with Rubrik's automated identity rollback and recovery capabilities. The partnership addresses a critical gap in enterprise cybersecurity, as Rubrik Zero Labs research found that 90% of IT and security leaders cite identity-driven cyberattacks as their organization's top concern."Detection is only half of the battle," said Anneka Gupta, Chief Product Officer at Rubrik. "Organizations need the ability to quickly and surgically reverse malicious identity changes and completely restore their infrastructure. By combining Microsoft Defender's threat detection with Rubrik Identity Resilience, we give security and IAM teams the power to move from a detected compromise to a trusted, recovered state in hours, instead of days."Joint customers can now correlate threat alerts with identity changes to understand attack impact faster, reverse malicious identity modifications without performing full domain restores, and restore trusted identity states using immutable recovery points across hybrid environments including Active Directory and Entra ID. The integration extends Rubrik's rapid expansion over the past 15 months, which included recovery support for Active Directory and Entra ID, expanded protection across multi-identity provider environments such as Okta, and ecosystem integrations with CrowdStrike Falcon Identity Protection.Rubrik, trusted by more than 6,600 customers globally including major enterprises and government organizations, has been recognized as a Leader in the Gartner Magic Quadrant for Enterprise Backup and Recovery Software Solutions for two consecutive years, reinforcing its position as a central platform in enterprise identity security.SailPoint (NASDAQ: SAIL) and Amazon Web Services (NASDAQ: AMZN) recently signed a multi-year strategic collaboration agreement to build a unified identity governance layer for agentic AI, establishing SailPoint as a preferred identity governance solution for AI builds on Amazon Web Services. The agreement expands their existing Agent Identity Security partnership to manage all human and non-human identities interacting with Amazon Web Services environments."The proliferation of AI agents is creating a new class of non-human identities, and each one represents a new attack surface," said Mark McClain, CEO & Founder of SailPoint. "For AI to be a true business accelerant, it must be built on a foundation of security. Our collaboration with Amazon Web Services is about providing that foundation."Together, the companies plan to deliver lifecycle governance for all identities, continuous least-privilege access enforcement via Amazon Web Services CloudTrail, and a unified identity graph offering 360-degree visibility across workloads. SailPoint's Machine Identity Security and Agent Identity Security solutions are now available for purchase in Amazon Web Services Marketplace, creating new routes to market as enterprises scale AI adoption across increasingly complex digital environments.FURTHER READING: https://usanewsgroup.com/2024/04/26/the-currency-of-tomorrow-why-investing-in-cutting-edge-ai-recognition-tech-could-mean-big-money/CONTACT:
USA NEWS GROUP
info @acblanke1DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is a wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). MIQ has previously been paid a fee for QSE - Quantum Secure Encryption Corp. advertising and digital media from the company directly which has since expired. There may be 3rd parties who may have shares QSE - Quantum Secure Encryption Corp., and may liquidate their shares which could have a negative effect on the price of the stock. Previous compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of QSE - Quantum Secure Encryption Corp. which were purchased as a part of a private placement, and in the open market. MIQ reserves the right to buy and sell, and will buy and sell shares of QSE - Quantum Secure Encryption Corp. at any time hereafter without any further notice. We also expect further compensation in the future as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by the above mentioned company; we own shares of the mentioned company that we will sell, and we also reserve the right to buy shares of the company in the open market, or through further private placements and/or investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.SOURCES:https://globalriskinstitute.org/publication/quantum-threat-timeline-report-2025b/ https://www.ibm.com/think/insights/more-2026-cyberthreat-trends https://www.bbntimes.com/technology/post-quantum-cryptography-the-enterprise-guide-for-2026 https://www.appviewx.com/blogs/pqc-readiness-2026/Logo: https://mma.prnewswire.com/media/2838876/5919929/USA_News_Group_Logo.jpg 



View original content:https://www.prnewswire.com/news-releases/the-clock-is-running-out-on-legacy-encryption-these-5-stocks-know-this-fact-302744486.html

Original: The Clock is Running Out on Legacy Encryption: These 5 Stocks Know This Fact

Rubrik chosen as preferred cybersecurity partner by American Hospital AssociationApril 8, 2026 9:51 AM
IH Market News
Rubrik (NYSE:RBRK) said it has been designated a preferred cybersecurity provider by the American Hospital Association, a move that gives the data protection firm access to nearly 5,000 member hospitals across the United States.Through the designation, Rubrik will be able to offer cyber resilience solutions, data protection services, ransomware preparedness training and financial risk analysis tools to organizations within the AHA network. The association represents roughly 90% of hospitals and health systems nationwide and includes more than 420,000 healthcare professionals.“Ransomware attacks that knock critical care systems offline threaten patient and community safety,” said John Riggi, National Advisor for Cybersecurity and Risk at the AHA. “As an AHA preferred provider for cyber resiliency, we can confidently recommend Rubrik as a reliable source to defend against and recover from sophisticated cyberthreats and ransomware attacks for our hospitals and healthcare system.”The AHA’s Preferred Cybersecurity & Risk Provider Program highlights vetted service providers capable of helping hospitals safeguard operations from cyberattacks and other security risks. Healthcare institutions have increasingly faced ransomware incidents that can disrupt services and even force facilities to temporarily shut down.As part of the initiative, Rubrik will make available a Cyber Resilience Bundle to AHA members, including Identity Recovery capabilities and protection for Microsoft 365 environments. The offering also includes a ransomware response workshop and a five-year financial risk assessment designed to help healthcare providers evaluate and mitigate cyber threats.“Cyber resilience is essential now that frequent cyberattacks jeopardize the financial stability of healthcare systems and the safety of their patients,” said Josh Howell, Healthcare Chief Technology Officer at Rubrik.According to the company, the services aim to help healthcare providers maintain what Rubrik describes as a “Minimum Viable Hospital” during cyber incidents by safeguarding critical applications and enabling the rapid restoration of essential systems.Rubrik stock price

Original: Rubrik chosen as preferred cybersecurity partner by American Hospital Association

Rubrik adds integration with Microsoft Defender to strengthen identity attack recoveryMarch 23, 2026 10:28 AM
IH Market News
Rubrik (NYSE:RBRK) said it has integrated its platform with Microsoft Defender (NASDAQ:MSFT), linking real-time identity threat detection with automated tools for identity rollback and system recovery. The collaboration was unveiled at the RSAC 2026 conference.The integration enables organizations to feed Microsoft Defender alerts directly into Rubrik’s identity recovery workflows. This allows security teams to investigate incidents, undo malicious identity changes and restore affected systems across hybrid environments.Research from Rubrik Zero Labs shows that 90% of IT and security leaders consider identity-based cyberattacks their top concern. The new integration is designed to bridge the gap between detecting a threat and restoring operations, helping organizations move from a compromised state to recovery within hours instead of days.“Detection is only half of the battle,” said Anneka Gupta, Chief Product Officer at Rubrik. “Organizations need the ability to quickly and surgically reverse malicious identity changes and completely restore their infrastructure.”The joint solution allows customers to match threat alerts with identity modifications, reverse malicious identity changes without requiring full domain restoration, restore verified identity states using immutable recovery points and maintain visibility across hybrid identity environments such as Active Directory and Entra ID.Over the past 15 months, Rubrik has expanded its identity protection offerings, adding recovery tools for Active Directory and Entra ID, support for environments using multiple identity providers including Okta, and integrations with security platforms such as CrowdStrike Falcon Identity Protection.According to the company, the integration supports Rubrik’s broader Identity Resilience strategy, which focuses on ensuring identity systems remain secure, accessible and recoverable during cyberattacks, operational disruptions and compliance events.Rubrik stock priceMicrosoft stock price

Original: Rubrik adds integration with Microsoft Defender to strengthen identity attack recovery

New Microsoft and Rubrik Integration Delivers Complete Identity Attack ResponseMarch 23, 2026 8:05 AM
Business Wire
Microsoft Defender and Rubrik Identity Resilience create a unified detection-to-recovery offering; customers achieve trusted recovery in hours instead of days


Rubrik (NYSE: RBRK), the security and AI operations company, today announced a new integration with Microsoft Defender at RSAC 2026, enabling organizations to move from identity threat detection to rapid remediation and trusted recovery. The integration connects Microsoft’s real-time identity threat detection with Rubrik’s automated identity rollback and recovery capabilities, helping organizations respond faster to identity-based attacks.


Identity has become the primary target for modern cyberattacks. According to Rubrik Zero Labs research, 90% of IT and security leaders say identity-driven cyberattacks are their organization’s top concern. Yet most security tools stop at detection, leaving organizations to manually investigate malicious changes and restore compromised identity systems.


“Detection is only half of the battle,” said Anneka Gupta, Chief Product Officer at Rubrik. “Organizations need the ability to quickly and surgically reverse malicious identity changes and completely restore their infrastructure. By combining Microsoft Defender’s threat detection with Rubrik Identity Resilience, we give security and IAM teams the power to move from a detected compromise to a trusted, recovered state in hours, instead of days.”


With this integration, organizations can extend Microsoft Defender detections directly into Rubrik’s identity recovery workflows, allowing teams to investigate incidents, reverse malicious identity changes, and restore trust across hybrid environments.


Joint Rubrik and Microsoft Defender customers can now:



Understand attack impact faster by correlating threat alerts with identity changes.



Reverse malicious identity modifications without performing full domain restores.



Restore trusted identity states using immutable recovery points.



Maintain visibility across hybrid identity environments, including Active Directory and Entra ID.



The integration builds on Rubrik’s continued investment and broader vision for Identity Resilience, focused on ensuring identity systems remain trusted, available, and recoverable in the face of cyberattacks, operational disruptions, and evolving compliance requirements.


Over the past 15 months, Rubrik has rapidly expanded its identity capabilities, introducing recovery for Active Directory and Entra ID, expanding protection to multi-identity provider environments including Okta, and launching Identity Resilience capabilities that help organizations investigate incidents and reverse malicious changes. The company has also expanded ecosystem integrations with leading security platforms including CrowdStrike Falcon Identity Protection and now Microsoft Defender, connecting threat detection with automated remediation and trusted recovery.


For more on how Rubrik is redefining identity security, read more here.


About Rubrik


Rubrik (NYSE: RBRK) is the Security and AI Operations Company. The company's data security platform secures and recovers data from cyber threats and operational disruptions. Rubrik has been recognized as a Leader in the Gartner® Magic Quadrant™ for Enterprise Backup and Recovery Software Solutions for two consecutive years and is trusted by over 6,600+ customers across the globe, including world-renowned enterprises and government organizations. For more information, visit www.rubrik.com and follow @rubrikInc on X (formerly Twitter).

View source version on businesswire.com: https://www.businesswire.com/news/home/20260323132456/en/
Media Contact

Meghan Fintland

Head of Global PR

925.785.9192

press@rubrik.com


Original: New Microsoft and Rubrik Integration Delivers Complete Identity Attack Response

Rubrik Introduces Data Protection Platform for Google WorkspaceMarch 19, 2026 10:00 AM
IH Market News
Rubrik (NYSE:RBRK) has launched a new data protection solution designed for organizations using Google Workspace, targeting the more than 11 million businesses that rely on services such as Google Drive and Gmail.The new platform, Rubrik Data Protection for Google Workspace, is designed to strengthen data security and improve recovery capabilities for companies operating within Google’s cloud-based productivity ecosystem.The service offers immutable and logically air-gapped backups for Gmail and Google Drive, along with automated policy-based service level agreements and advanced recovery tools. Rubrik said the technology can reduce recovery times from days to minutes while preserving original data structures and system permissions.“Organizations can’t protect data in isolation. Modern resilience requires us to see the entire estate at once,” said Anneka Gupta, Chief Product Officer at Rubrik. “Rubrik is built on three pillars of resilience – data, identity, and AI – because an attack or error in one is a direct threat to the entire ecosystem.”According to the company, the platform uses immutable backup technology combined with logical air-gap protection to help safeguard data. It also provides high-fidelity recovery capabilities designed to restore systems quickly while meeting recovery point objective (RPO) and recovery time objective (RTO) requirements.Rubrik said the new offering is intended to address the growing need for stronger data protection among organizations that store critical information within Google Workspace applications.The company added that the solution is designed to minimize the risks of data loss and operational disruption for businesses heavily reliant on Google’s cloud services.The announcement comes ahead of Rubrik’s participation in Google Cloud Next 2026, which will take place from April 22 to 24 in Las Vegas. Rubrik describes itself as a security and AI operations company focused on delivering data security platforms that help organizations recover from cyberattacks and operational outages.Rubrik stock price

Original: Rubrik Introduces Data Protection Platform for Google Workspace

Rubrik Data Protection for Google Workspace Helps Enterprise Customers Achieve End-to-End Cyber ResilienceMarch 19, 2026 8:00 AM
Business Wire

One of the first unified cyber resilience platforms for Google Workspace; provides customers with comprehensive protection across data, identity, and AI



Accelerates recovery of operations to minutes, from days; keeps original data and systems intact



As adoption for Google Workspace continues to grow, Rubrik (NYSE: RBRK), the Security and AI Operations Company, today announced the launch of Rubrik Data Protection for Google Workspace. More than 11 million enterprises using Google Drive and Gmail can now use Rubrik features to help them achieve end-to-end cyber resilience.


Google Workspace is a suite of AI productivity tools that empowers teams to collaborate from anywhere. It holds mission-critical data for millions in organizations worldwide who cannot lose access to these tools or their data. Rubrik Data Protection can now help Google Workspace customers reduce the risk of significant data and business losses, or suspended operations.


Anneka Gupta, Chief Product Officer at Rubrik, says: “Organizations can’t protect data in isolation. Modern resilience requires us to see the entire estate at once. Rubrik is built on three pillars of resilience – data, identity, and AI – because an attack or error in one is a direct threat to the entire ecosystem. With our deep collaboration with Google Cloud, our core mission is to empower today’s organizations with a unified platform that offers trust and complete cyber resilience.”


Now, Google Workspace customers can benefit from these Rubrik features:



Logical Air-Gap Protection: Immutable, air-gapped backups for Gmail and Google Drive



High-Fidelity, Rapid Recovery: Instead of manual, destructive restores that strip away permissions



Automated, Policy-Driven SLAs: Organizations gain additional layers of protection to meet strict RPO and RTO requirements



Seamless Continuity: Rubrik’s “point-and-click” experience slashes recovery times from days of manual reconstruction to just minutes



Millions of Google Workspace users globally can now embrace the future of secure, scalable AI with end-to-end cyber resilience. Learn how to achieve active operational recovery for your Google Workspace ecosystem here. Visit the Rubrik booth (#7509) at Google Cloud Next 2026, April 22 – 24 in Las Vegas.


SAFE HARBOR STATEMENT: Any unreleased services or features referenced in this document are not currently available and may not be made generally available on time or at all, as may be determined in our sole discretion. Any such referenced services or features do not represent promises to deliver, commitments, or obligations of Rubrik, Inc. and may not be incorporated into any contract. Customers should make their purchase decisions based upon services and features that are currently generally available.


About Rubrik


Rubrik (NYSE: RBRK) is the Security and AI Operations Company. The company's data security platform secures and recovers data from cyber threats and operational disruptions. Rubrik has been recognized as a Leader in the Gartner® Magic Quadrant™ for Enterprise Backup and Recovery Software Solutions for two consecutive years and is trusted by over 6,600+ customers across the globe, including world-renowned enterprises and government organizations. For more information, visit www.rubrik.com and follow @rubrikInc on X (formerly Twitter).

View source version on businesswire.com: https://www.businesswire.com/news/home/20260319480208/en/
Media Contact

Meghan Fintland

Head of Global PR

925.785.9192

press@rubrik.com


Original: Rubrik Data Protection for Google Workspace Helps Enterprise Customers Achieve End-to-End Cyber Resilience

Rubrik Reports Fourth Quarter and Fiscal Year 2026 Financial ResultsMarch 12, 2026 4:05 PM
Business Wire

Results exceeded all guided metrics



Fourth quarter subscription ARR grew 34% year-over-year to $1.46 billion



Fourth quarter revenue grew 46% year-over-year to $377.7 million



2,805 customers with $100K or more in subscription ARR, up 25% year-over-year



Rubrik, Inc. (NYSE: RBRK), the Security and AI Operations company, today announced financial results for the fourth quarter and fiscal year 2026, ended January 31, 2026.


"The acceleration in net new subscription ARR growth in Q4 at our scale demonstrates that Rubrik is an increasingly critical platform for the AI era. We are moving beyond traditional data security to 'mission control' for the AI enterprise—delivering risk and recovery critical to safely scale AI transformations,” said Bipul Sinha, Rubrik’s Chief Executive Officer, Chairman, and Co-Founder.


Commenting on the company’s financial results, Kiran Choudary, Rubrik’s Chief Financial Officer, added, “We concluded fiscal 2026 with an exceptionally strong performance, highlighted by a record $115 million in net new subscription ARR and significant free cash flow. We look forward to continuing to execute in our large and growing market opportunity in fiscal 2027 and beyond.”


Fourth Quarter Fiscal 2026 Financial Highlights



Subscription Annual Recurring Revenue (ARR): Subscription ARR was up 34% year-over-year, growing to $1.46 billion as of January 31, 2026.



Revenue: Subscription revenue was $364.9 million, a 50% increase compared to $243.7 million in the fourth quarter of fiscal 2025. Total revenue was $377.7 million, a 46% increase compared to $258.1 million in the fourth quarter of fiscal 2025. This includes $18 million in revenue from material rights. Revenue excluding material rights increased 43% year-over-year in the fourth quarter of fiscal 2026.



Gross Margin: GAAP gross margin was 81.5%, compared to 77.4% in the fourth quarter of fiscal 2025. This includes $4.4 million in stock-based compensation expense, compared to $5.1 million in the fourth quarter of fiscal 2025. Non-GAAP gross margin was 83.7%, compared to 79.7% in the fourth quarter of fiscal 2025.



Subscription ARR Contribution Margin: Subscription ARR contribution margin was 11.6% compared to 2.1% in the fourth quarter of fiscal 2025, reflecting the strong net new subscription ARR in the quarter and an improvement in operating leverage in the business.



Net Loss per Share: GAAP net loss per share was $(0.43), compared to $(0.61) in the fourth quarter of fiscal 2025. GAAP net loss includes $84.9 million in stock-based compensation expense, compared to $86.0 million in the fourth quarter of fiscal 2025. Non-GAAP net income per share, diluted, was $0.04, compared to non-GAAP net loss per share, diluted, of $(0.18) in the fourth quarter of fiscal 2025.



Cash Flow from Operations: Cash flow from operations was $93.0 million, compared to $83.6 million in the fourth quarter of fiscal 2025. Free cash flow was $70.1 million, compared to $75.2 million in the fourth quarter of fiscal 2025.



Cash, Cash Equivalents, and Short-Term Investments: Cash, cash equivalents, and short-term investments were $1.68 billion as of January 31, 2026.



Fiscal 2026 Financial Highlights



Revenue: Subscription revenue was $1.26 billion, a 53% increase compared to $828.7 million in fiscal 2025. Total revenue was $1.32 billion, a 48% increase compared to $886.5 million in fiscal 2025.



Gross Margin: GAAP gross margin was 80.1%, compared to 70.0% in fiscal 2025. This includes $18.9 million in stock-based compensation expense, compared to $67.0 million in fiscal 2025. Non-GAAP gross margin was 82.3%, compared to 78.0% in fiscal 2025.



Net Loss per Share: GAAP net loss per share was $(1.78), compared to $(7.48) in fiscal 2025. GAAP net loss includes $329.4 million in stock-based compensation expense, compared to $913.9 million in fiscal 2025. Non-GAAP net loss per share was $(0.01), compared to $(1.57) in fiscal 2025.



Cash Flow from Operations: Cash flow from operations was $282.9 million, compared to $48.2 million in fiscal 2025. Free cash flow was $237.8 million, compared to $21.6 million in fiscal 2025.



Recent Business Highlights



As of January 31, 2026, Rubrik had 2,805 customers with Subscription ARR of $100,000 or more, up 25% year-over-year.



Announced the promotion of Jesse Green to Chief Revenue Officer. Mr. Green, who successfully served as President, Rubrik Americas, will now lead Rubrik’s global revenue organization and continue to scale and accelerate our rapid growth and industry leadership.



Announced the general availability of Rubrik Agent Cloud or RAC to manage risk and accelerate Enterprise AI Agent adoption. RAC now integrates with Amazon Bedrock AgentCore and Microsoft Copilot Studio for unified visibility, governance, and surgical rollback across agents.



Introduced Rubrik Security Cloud Sovereign, designed to enable customers to retain control over their data's location and access in response to evolving regulatory landscapes.



Announced Intelligent Business Recovery for Microsoft 365 offering automated, business-aware recovery for critical users and data across Exchange, OneDrive, SharePoint, and Teams. This new solution intelligently defines the recovery scope for rapid business restoration and reduced downtime.



Announced Rubrik DevOps Protection to protect Azure DevOps and GitHub repositories and pipelines with a single, policy-driven SLA engine.



Entered into a multi-year technology partnership with McLaren Racing in which Rubrik became an Official Partner of the McLaren Mastercard Formula 1 Team and the Arrow McLaren IndyCar Team. Rubrik’s technology portfolio will help secure McLaren Racing’s data to power critical technical development processes and operations.



Introduced Rubrik CXO Visionaries, a community designed for C-level IT and security leaders focused on cyber resilience. Rubrik CXO Visionaries offers global executives peer insights, strategic influence, and brand amplification within a trusted network.



First Quarter and Fiscal Year 2027 Outlook


Rubrik is providing the following guidance for the first quarter of fiscal year 2027 and the full fiscal year 2027:



First Quarter Fiscal 2027 Outlook:


Revenue of $365 million to $367 million.



Non-GAAP subscription ARR contribution margin of 10%-11%.



Non-GAAP net loss per share of $(0.04) to $(0.02).



Weighted-average shares outstanding of approximately 204 million.







Full Year 2027 Outlook:


Subscription ARR between $1,829 million and $1,839 million.



Revenue of $1,597 million to $1,607 million.



Non-GAAP subscription ARR contribution margin of approximately 13%.



Non-GAAP net income per share of $0.07 to $0.27.



Weighted-average shares outstanding of approximately 232 million.



Free cash flow of $265 million to $275 million.






Additional information on Rubrik’s reported results, including a reconciliation of the non-GAAP results to their most comparable GAAP measures, is included in the financial tables below. A reconciliation of non-GAAP guidance measures to corresponding GAAP measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty of expenses that may be incurred in the future, although it is important to note that these factors could be material to Rubrik’s results computed in accordance with GAAP. For example, stock-based compensation-related charges, including employer payroll tax-related items on employee stock transactions, are impacted by the timing of employee stock transactions, the future fair market value of Rubrik’s Class A common stock, and Rubrik’s future hiring and retention needs, all of which are difficult to predict and subject to constant change.


Conference Call Information


Rubrik will host a conference call to discuss results for the fourth quarter and full fiscal year 2026, as well as its financial outlook for the first quarter and full fiscal year 2027 today at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time. Open to the public, analysts and investors may access the webcast, results press release, and investor presentation on Rubrik’s investor relations website at https://ir.rubrik.com. A replay of the webcast will also be accessible from Rubrik’s investor relations website a few hours after the conclusion of the live event.


Rubrik uses its investor relations website and may use certain social media accounts including X (formerly Twitter) (@rubrikInc and @bipulsinha) and LinkedIn (www.linkedin.com/company/rubrik-inc and www.linkedin.com/in/bipulsinha) as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD.


Forward-Looking Statements


This press release and the related conference call contain express and implied “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding Rubrik’s financial outlook for the first quarter of fiscal year 2027 and full fiscal year 2027, changes to Rubrik’s global revenue organization and the impact on continued growth, Rubrik’s market position, market opportunities, and growth strategy, product initiatives, go-to-market motions and market trends. In some cases, you can identify forward-looking statements by terms such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “project,” “will,” “would,” “should,” “could,” “can,” “predict,” “potential,” “target,” “explore,” “continue,” “outlook,” “guidance,” or the negative of these terms, where applicable, and similar expressions intended to identify forward-looking statements. By their nature, these statements are subject to numerous uncertainties and risks, including factors beyond Rubrik’s control, that could cause actual results, performance or achievement to differ materially and adversely from those anticipated or implied in the statements. Risks include but are not limited to Rubrik’s limited operating history, the growth rate of the market in which Rubrik competes, Rubrik’s ability to effectively manage and sustain its growth, Rubrik’s ability to introduce new products on top of its platform, Rubrik’s ability to compete with existing competitors and new market entrants, Rubrik’s ability to effectively manage the leadership transition in its global revenue organization, Rubrik’s ability to expand internationally, its ability to utilize AI successfully in its current and future products, Rubrik’s ability to successfully integrate acquisitions into its business and operations, and international conflict, global security concerns and their potential impact on regional and global economies and supply chains. Additional risks and uncertainties that could cause actual outcomes and results to differ materially from those contemplated by the forward-looking statements are included under the caption “Risk Factors” and elsewhere in our most recent filings with the Securities and Exchange Commission, including in our Quarterly Report on Form 10-Q for the quarter ended October 31, 2025. Forward-looking statements speak only as of the date the statements are made and are based on information available to Rubrik at the time those statements are made and/or management’s good faith belief as of that time with respect to future events. Rubrik assumes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made, except as required by law.


Non-GAAP Financial Measures


Rubrik has provided in this press release financial information that has not been prepared in accordance with GAAP. Rubrik uses these non-GAAP financial measures internally in analyzing its financial results and believes that use of these non-GAAP financial measures is useful to investors as an additional tool to evaluate ongoing operating results and trends and in comparing Rubrik’s financial results with other companies in its industry, many of which present similar non-GAAP financial measures.


Non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP financial measures and should be read only in conjunction with Rubrik’s condensed consolidated financial statements prepared in accordance with GAAP. A reconciliation of Rubrik’s historical non-GAAP financial measures to the most directly comparable GAAP measures has been provided in the financial statement tables included in this press release, and investors are encouraged to review the reconciliation.


Free Cash Flow and Free Cash Flow Margin. Rubrik defines free cash flow as net cash provided by (used in) operating activities less cash used for purchases of property and equipment and capitalized internal-use software. Rubrik believes free cash flow is a helpful indicator of liquidity that provides information to management and investors about the amount of cash generated or used by Rubrik’s operations that, after the investments in property and equipment and capitalized internal-use software, can be used for strategic initiatives, including investing in Rubrik’s business and strengthening its financial position. One limitation of free cash flow is that it does not reflect Rubrik’s future contractual commitments. Additionally, free cash flow is not a substitute for cash provided by (used in) operating activities and the utility of free cash flow as a measure of Rubrik’s liquidity is further limited as it does not represent the total increase or decrease in Rubrik’s cash balance for a given period. Free cash flow margin is calculated as free cash flow divided by total revenue.


Non-GAAP Subscription Cost of Revenue. Rubrik defines non-GAAP subscription cost of revenue as subscription cost of revenue, adjusted for amortization of acquired intangibles, stock-based compensation expense, stock-based compensation included in amortization of capitalized internal-use software, and other non-recurring items.


Non-GAAP Operating Expenses (Research and Development, Sales and Marketing, General and Administrative). Rubrik defines non-GAAP operating expenses as operating expenses (research and development, sales and marketing, general and administrative), adjusted for, as applicable, stock-based compensation expense, and other non-recurring items.


Non-GAAP Gross Profit, Non-GAAP Operating Income (Loss), and Non-GAAP Net Income (Loss). Rubrik defines non-GAAP gross profit, non-GAAP operating income (loss), and non-GAAP net income (loss) as the respective GAAP measure, excluding, as applicable, the effect of amortization of acquired intangibles, stock-based compensation expense, stock-based compensation included in amortization of capitalized internal-use software, amortization of debt issuance costs, other non-recurring items, and the related income tax effect of these adjustments.


Non-GAAP Gross Margin. Rubrik defines non-GAAP gross margin as non-GAAP gross profit as a percentage of total revenue.


Non-GAAP Net Income (Loss) Per Share, Basic and Diluted. Rubrik defines non-GAAP net income (loss) per share, basic as non-GAAP net income (loss) divided by the weighted-average number of shares of common stock outstanding during the period. Our non-GAAP net income per share, diluted is defined as non-GAAP net income divided by the non-GAAP weighted-average number of diluted shares outstanding, which includes (a) the effect of all potentially dilutive common stock equivalents (stock options, restricted stock units, restricted stocks, employee stock purchase rights under our 2024 Employee Stock Purchase Plan), and (b) the potential dilutive effect of the shares issuable upon conversion of our convertible senior notes using the if-converted method.


Subscription Annual Recurring Revenue (“ARR”) Contribution Margin. Rubrik defines Subscription ARR Contribution Margin as Subscription ARR contribution divided by Subscription ARR at the end of the period. Rubrik defines Subscription ARR Contribution as Subscription ARR at the end of the period less: (i) non-GAAP subscription cost of revenue and (ii) non-GAAP operating expenses for the prior 12-month period ending on that date. Rubrik believes that Subscription ARR Contribution Margin is a helpful indicator of operating leverage. One limitation of Subscription ARR Contribution Margin is that the factors that impact Subscription ARR will vary from those that impact subscription revenue and, as such, may not provide an accurate indication of Rubrik’s actual or future GAAP results. Additionally, the historical expenses in this calculation may not accurately reflect the costs associated with future commitments.


Key Business Metrics


Subscription ARR. Rubrik calculates Subscription ARR as the annualized value of our active subscriptions as of the measurement date, based on our customers’ total contract value, and assuming any contract that expires during the next 12 months is renewed on existing terms. Subscriptions include offerings for our RSC platform and related data security SaaS solutions, term-based licenses for our RSC-Private platform and related products, prior sales of CDM sold as a subscription term-based license with associated support and related SaaS products, and standalone sales of our SaaS subscription products like Anomaly Detection and Sensitive Data Monitoring. Net new Subscription ARR refers to the difference between Subscription ARR in the reported period and Subscription ARR in the prior quarter, and captures new logos and expansions, offset by contraction and attrition since the prior quarter.


Cloud ARR. Rubrik calculates Cloud ARR as the annualized value of our active cloud-based subscriptions as of the measurement date, based on our customers’ total contract value, and assuming any contract that expires during the next 12 months is renewed on existing terms. Our cloud-based subscriptions include RSC and RSC-Government (excluding RSC-Private). Cloud ARR also includes SaaS subscription products like Anomaly Detection and Sensitive Data Monitoring, which are sold standalone or with prior sales of term-based license offerings of CDM.


Average Subscription Dollar-Based Net Retention Rate. Rubrik calculates Average Subscription Dollar-Based Net Retention Rate by first identifying subscription customers (“Prior Period Subscription Customers”) which were subscription customers at the end of a particular quarter (the “Prior Period”). Rubrik then calculates the Subscription ARR from these Prior Period Subscription Customers at the end of the same quarter of the subsequent year (the “Current Period”). This calculation captures upsells, contraction, and attrition since the Prior Period. Rubrik then divides total Current Period Subscription ARR by the total Prior Period Subscription ARR for Prior Period Subscription Customers. Rubrik’s Average Subscription Dollar-Based Net Retention Rate in a particular quarter is obtained by averaging the result from that particular quarter with the corresponding results from each of the prior three quarters.


Customers with $100K or More in Subscription ARR. Customers with $100K or more in Subscription ARR represent the number of customers that contributed $100,000 or more in Subscription ARR as of period end.


About Rubrik


Rubrik (NYSE: RBRK), the Security and AI Operations Company, leads at the intersection of data protection, cyber resilience, and enterprise AI acceleration. Rubrik Security Cloud delivers complete cyber resilience by securing, monitoring, and recovering data, identities, and workloads across clouds. Rubrik Agent Cloud accelerates trusted AI agent deployments at scale by monitoring and auditing agentic actions, enforcing real-time guardrails, fine-tuning for accuracy and undoing agentic mistakes.




Rubrik, Inc.




CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS




(in thousands, except per share amounts)




(unaudited)











 



 







Three Months Ended January 31,






 






Year Ended January 31,








 







2026






 






2025






 






2026






 






2025








Revenue







 






 






 






 






 






 






 








Subscription







$






364,919






 






 






$






243,719






 






 






$






1,263,927






 






 






$






828,740






 








Other







 






12,765






 






 






 






14,381






 






 






 






52,264






 






 






 






57,804






 








Total revenue







 






377,684






 






 






 






258,100






 






 






 






1,316,191






 






 






 






886,544






 








 







 






 






 






 






 






 






 








Cost of revenue







 






 






 






 






 






 






 








Subscription







 






61,963






 






 






 






49,030






 






 






 






229,741






 






 






 






215,036






 








Other







 






7,735






 






 






 






9,425






 






 






 






32,136






 






 






 






50,712






 








Total cost of revenue







 






69,698






 






 






 






58,455






 






 






 






261,877






 






 






 






265,748






 








 







 






 






 






 






 






 






 








Gross profit







 






307,986






 






 






 






199,645






 






 






 






1,054,314






 






 






 






620,796






 








Operating expenses







 






 






 






 






 






 






 








Research and development







 






102,179






 






 






 






79,958






 






 






 






373,682






 






 






 






531,615






 








Sales and marketing







 






223,890






 






 






 






161,355






 






 






 






769,019






 






 






 






867,518






 








General and administrative







 






64,296






 






 






 






74,447






 






 






 






257,029






 






 






 






355,695






 








Total operating expenses







 






390,365






 






 






 






315,760






 






 






 






1,399,730






 






 






 






1,754,828






 








 







 






 






 






 






 






 






 








Loss from operations







 






(82,379






)






 






 






(116,115






)






 






 






(345,416






)






 






 






(1,134,032






)








Interest income







 






15,677






 






 






 






7,665






 






 






 






52,157






 






 






 






25,353






 








Interest expense







 






(1,093






)






 






 






(10,074






)






 






 






(17,227






)






 






 






(41,253






)








Loss on debt extinguishment







 






—






 






 






 






—






 






 






 






(6,653






)






 






 






—






 








Other income (expense), net







 






(2,819






)






 






 






4,886






 






 






 






(9,334






)






 






 






1,480






 








Loss before income taxes







 






(70,614






)






 






 






(113,638






)






 






 






(326,473






)






 






 






(1,148,452






)








Income tax expense







 






16,352






 






 






 






1,251






 






 






 






22,355






 






 






 






6,368






 








Net loss







$






(86,966






)






 






$






(114,889






)






 






$






(348,828






)






 






$






(1,154,820






)








Net loss per share, basic and diluted







$






(0.43






)






 






$






(0.61






)






 






$






(1.78






)






 






$






(7.48






)








Weighted-average shares used in computing net loss per share, basic and diluted







 






200,820






 






 






 






188,048






 






 






 






196,468






 






 







154,294






 









Rubrik, Inc.




CONDENSED CONSOLIDATED BALANCE SHEETS




(in thousands)




(unaudited)











 



 







January 31,






 






January 31,








 







2026






 






2025








Assets







 






 






 








Current assets







 






 






 








Cash and cash equivalents







$






380,196






 






 






$






186,331






 








Short-term investments







 






1,295,579






 






 






 






518,813






 








Accounts receivable, net of allowances







 






256,773






 






 






 






177,627






 








Deferred commissions







 






110,651






 






 






 






91,919






 








Prepaid expenses and other current assets







 






180,365






 






 






 






102,951






 








Total current assets







 






2,223,564






 






 






 






1,077,641






 








Property and equipment, net







 






83,830






 






 






 






53,194






 








Deferred commissions, noncurrent







 






157,592






 






 






 






132,465






 








Goodwill







 






199,606






 






 






 






100,343






 








Other assets, noncurrent







 






101,944






 






 






 






59,331






 








Total assets







$






2,766,536






 






 






$






1,422,974






 








Liabilities and stockholders’ deficit







 






 






 








Current liabilities







 






 






 








Accounts payable







$






15,329






 






 






$






10,439






 








Accrued expenses and other current liabilities







 






229,976






 






 






 






162,602






 








Deferred revenue







 






1,068,754






 






 






 






777,135






 








Total current liabilities







 






1,314,059






 






 






 






950,176






 








Deferred revenue, noncurrent







 






776,547






 






 






 






642,370






 








Other liabilities, noncurrent







 






64,771






 






 






 






61,821






 








Convertible senior notes, net







 






1,130,721






 






 






 






—






 








Debt, noncurrent







 






—






 






 






 






322,341






 








Total liabilities







 






3,286,098






 






 






 






1,976,708






 








 







 






 






 








Stockholders’ deficit







 






 






 








Preferred stock







 






—






 






 






 






—






 








Class A common stock







 






4






 






 






 






3






 








Class B common stock







 






1






 






 






 






2






 








Additional paid-in capital







 






2,662,861






 






 






 






2,291,829






 








Accumulated other comprehensive income (loss)







 






3,733






 






 






 






(8,235






)








Accumulated deficit







 






(3,186,161






)






 






 






(2,837,333






)








Total stockholders’ deficit







 






(519,562






)






 






 






(553,734






)








Total liabilities and stockholders’ deficit







$






2,766,536






 






 






$






1,422,974






 









Rubrik, Inc.




CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS




(in thousands)




(unaudited)









 



 







Year Ended January 31,








 







2026






 






2025








Cash flows from operating activities:







 






 






 








Net loss







$






(348,828






)






 






$






(1,154,820






)








Adjustments to reconcile net loss to net cash provided by operating activities:







 






 






 








Depreciation and amortization







 






37,115






 






 






 






28,868






 








Stock-based compensation







 






329,374






 






 






 






913,913






 








Amortization of deferred commissions







 






109,951






 






 






 






90,303






 








Non-cash interest







 






—






 






 






 






34,256






 








Loss on debt extinguishment







 






6,653






 






 






 






—






 








Deferred income taxes







 






4,008






 






 






 






1,241






 








Other







 






(3,542






)






 






 






(7,249






)








Changes in operating assets and liabilities:







 






 






 








Accounts receivable







 






(79,786






)






 






 






(44,255






)








Deferred commissions







 






(153,810






)






 






 






(128,816






)








Prepaid expenses and other assets







 






(111,727






)






 






 






(48,818






)








Accounts payable







 






4,479






 






 






 






4,479






 








Accrued expenses and other liabilities







 






63,225






 






 






 






45,882






 








Deferred revenue







 






425,796






 






 






 






313,244






 








Net cash provided by operating activities







 






282,908






 






 






 






48,228






 








Cash flows from investing activities:







 






 






 








Purchases of property and equipment







 






(29,631






)






 






 






(16,885






)








Capitalized internal-use software







 






(15,437






)






 






 






(9,714






)








Purchases of investments







 






(1,471,916






)






 






 






(797,084






)








Sale of investments







 






—






 






 






 






32,977






 








Maturities of investments







 






708,154






 






 






 






407,264






 








Payments for business combinations, net of cash acquired







 






(21,259






)






 






 






—






 








Net cash used in investing activities







 






(830,089






)






 






 






(383,442






)








Cash flows from financing activities:







 






 






 








Proceeds from initial public offering and underwriters' exercise of over-allotment option, net of underwriting discounts and commissions







 






—






 






 






 






815,209






 








Taxes paid related to net share settlement of equity awards







 






(6,339






)






 






 






(432,512






)








Proceeds from exercise of stock options







 






4,078






 






 






 






8,515






 








Proceeds from issuance of common stock under employee stock purchase plan







 






28,986






 






 






 






11,064






 








Payments for deferred offering costs, net







 






—






 






 






 






(3,545






)








Proceeds from issuance of convertible senior notes, net of discount







 






1,129,875






 






 






 






—






 








Repayment of debt and related costs







 






(329,646






)






 






 






—






 








Payments for debt issuance and discount costs







 






(1,903






)






 






 






(708






)








Purchase of capped calls related to convertible senior notes







 






(88,550






)






 






 






—






 








Net cash provided by financing activities







 






736,501






 






 






 






398,023






 








Effect of exchange rate on cash, cash equivalents, and restricted cash







 






9,826






 






 






 






(6,274






)








Net increase in cash, cash equivalents, and restricted cash







 






199,146






 






 






 






56,535






 








Cash, cash equivalents, and restricted cash, beginning of year







 






193,594






 






 






 






137,059






 








Cash, cash equivalents, and restricted cash, end of year







$






392,740






 






 






$






193,594






 









Rubrik, Inc.




GAAP to Non-GAAP Reconciliations




(in thousands, except percentages and per share data)




(unaudited)











 



 







Three Months Ended January 31,






 






Year Ended January 31,








 







2026






 






2025






 






2026






 






2025








Reconciliation of GAAP total gross profit to non-GAAP total gross profit:







 






 






 






 






 






 






 








Total gross profit on a GAAP basis







$






307,986






 






 






$






199,645






 






 






$






1,054,314






 






 






$






620,796






 








Add: Stock-based compensation expense







 






4,441






 






 






 






5,141






 






 






 






18,930






 






 






 






67,041






 








Add: Stock-based compensation included in amortization of capitalized internal-use software







 






701






 






 






 






124






 






 






 






2,156






 






 






 






273






 








Add: Amortization of acquired intangibles







 






2,907






 






 






 






924






 






 






 






7,488






 






 






 






3,673






 








Non-GAAP total gross profit







$






316,035






 






 






$






205,834






 






 






$






1,082,888






 






 






$






691,783






 








GAAP total gross margin







 






81.5






%






 






 






77.4






%






 






 






80.1






%






 






 






70.0






%








Non-GAAP total gross margin







 






83.7






%






 






 






79.7






%






 






 






82.3






%






 






 






78.0






%








 







 






 






 






 






 






 






 








Reconciliation of GAAP operating expenses to non-GAAP operating expenses:







 






 






 






 






 






 






 








Research and development operating expense on a GAAP basis







$






102,179






 






 






$






79,958






 






 






$






373,682






 






 






$






531,615






 








Less: Stock-based compensation expense







 






29,049






 






 






 






21,489






 






 






 






102,730






 






 






 






297,051






 








Non-GAAP research and development operating expense







$






73,130






 






 






$






58,469






 






 






$






270,952






 






 






$






234,564






 








 







 






 






 






 






 






 






 








Sales and marketing operating expense on a GAAP basis







$






223,890






 






 






$






161,355






 






 






$






769,019






 






 






$






867,518






 








Less: Stock-based compensation expense







 






32,252






 






 






 






28,832






 






 






 






115,852






 






 






 






330,443






 








Non-GAAP sales and marketing operating expense







$






191,638






 






 






$






132,523






 






 






$






653,167






 






 






$






537,075






 








 







 






 






 






 






 






 






 








General and administrative operating expense on a GAAP basis







$






64,296






 






 






$






74,447






 






 






$






257,029






 






 






$






355,695






 








Less: Stock-based compensation expense







 






19,168






 






 






 






30,576






 






 






 






91,862






 






 






 






219,378






 








Non-GAAP general and administrative operating expense







$






45,128






 






 






$






43,871






 






 






$






165,167






 






 






$






136,317






 








 







 






 






 






 






 






 






 








Reconciliation of GAAP operating loss to non-GAAP operating income (loss):







 






 






 






 






 






 






 








Operating loss on a GAAP basis







$






(82,379






)






 






$






(116,115






)






 






$






(345,416






)






 






$






(1,134,032






)








Add: Stock-based compensation expense







 






84,910






 






 






 






86,038






 






 






 






329,374






 






 






 






913,913






 








Add: Stock-based compensation included in amortization of capitalized internal-use software







 






701






 






 






 






124






 






 






 






2,156






 






 






 






273






 








Add: Amortization of acquired intangibles







 






2,907






 






 






 






924






 






 






 






7,488






 






 






 






3,673






 








Non-GAAP operating income (loss)







$






6,139






 






 






$






(29,029






)






 






$






(6,398






)






 






$






(216,173






)








 







 






 






 






 






 






 






 








Reconciliation of GAAP net loss to non-GAAP net income (loss):







 






 






 






 






 






 






 








Net loss on a GAAP basis







$






(86,966






)






 






$






(114,889






)






 






$






(348,828






)






 






$






(1,154,820






)








Add: Stock-based compensation expense







 






84,910






 






 






 






86,038






 






 






 






329,374






 






 






 






913,913






 








Add: Stock-based compensation included in amortization of capitalized internal-use software







 






701






 






 






 






124






 






 






 






2,156






 






 






 






273






 








Add: Amortization of acquired intangibles







 






2,907






 






 






 






924






 






 






 






7,488






 






 






 






3,673






 








Add: Amortization of debt issuance costs







 






1,094






 






 






—






 






 






 






2,749






 






 






—






 








Income tax expenses effect related to the above adjustments







 






7,416






 






 






 






(5,289






)






 






 






5,402






 






 






 






(5,953






)








Non-GAAP net income (loss)







$






10,062






 






 






$






(33,092






)






 






$






(1,659






)






 






$






(242,914






)








 







 






 






 






 






 






 






 








 







 






 






 






 






 






 






 








 







Three Months Ended January 31,






 






Year Ended January 31,








 







2026






 






2025






 






 






2026






 






 






2025






 








Net income (loss) per share - basic and diluted:







 






 






 






 






 






 






 








GAAP net loss per share, basic and diluted







$






(0.43






)






 






$






(0.61






)






 






$






(1.78






)






 






$






(7.48






)








Weighted-average shares used to compute GAAP net loss per share, basic and diluted







 






200,820






 






 






 






188,048






 






 






 






196,468






 






 






 






154,294






 








 







 






 






 






 






 






 






 








Non-GAAP net income (loss) per share, basic







$






0.05






 






 






$






(0.18






)






 






$






(0.01






)






 






$






(1.57






)








Weighted-average shares used to compute non-GAAP net income (loss) per share, basic







 






200,820






 






 






 






188,048






 






 






 






196,468






 






 






 






154,294






 








 







 






 






 






 






 






 






 








Non-GAAP net income (loss) per share, diluted







$






0.04






 






 






$






(0.18






)






 






$






(0.01






)






 






$






(1.57






)








 







 






 






 






 






 






 






 








Weighted-average shares used to compute GAAP net loss per share, basic and diluted







 






200,820






 






 






 






188,048






 






 






 






196,468






 






 






 






154,294






 








Add: Effect of potentially dilutive common stock equivalents







 






13,571






 






 






—






 






 






—






 






 






—






 








Add: Effect of convertible senior notes







 






9,218






 






 






—






 






 






—






 






 






—






 








Weighted-average shares used to compute non-GAAP net income (loss) per share, diluted(1)







 






223,609






 






 






 






188,048






 






 






 






196,468






 






 






 






154,294






 









(1)







For the periods in which we had non-GAAP net income, the non-GAAP weighted-average shares used in computing non-GAAP net income per share, diluted included (a) the effect of all potentially dilutive common stock equivalents (stock options, restricted stock units, restricted stocks and employee stock purchase rights under our 2024 Employee Stock Purchase Plan, to the extent they are dilutive) and (b) the potential dilutive effect of shares issuable upon conversion of the convertible senior notes using the if-converted method. The capped call transactions entered into in connection with the convertible senior notes had no dilutive impact for any of the periods presented.







The following table presents a reconciliation of free cash flow to net cash provided by operating activities, the most directly comparable GAAP measure, for each of the periods indicated (unaudited, in thousands, except percentages):




 







Three Months Ended January 31,






 






Year Ended January 31,








 







2026






 






2025






 






2026






 






2025








Net cash provided by operating activities







$






93,045






 






 






$






83,597






 






 






$






282,908






 






 






$






48,228






 








Less: Purchases of property and equipment







 






(18,544






)






 






 






(5,589






)






 






 






(29,631






)






 






 






(16,885






)








Less: Capitalized internal-use software







 






(4,433






)






 






 






(2,812






)






 






 






(15,437






)






 






 






(9,714






)








Free cash flow







$






70,068






 






 






$






75,196






 






 






$






237,840






 






 






$






21,629






 








Operating cash flow margin







 






25






%






 






 






32






%






 






 






21






%






 






 






5






%








Free cash flow margin







 






19






%






 






 






29






%






 






 






18






%






 






 






2






%








Net cash provided by (used in) investing activities







$






(18,617






)






 






$






4,158






 






 






$






(830,089






)






 






$






(383,442






)








Net cash provided by financing activities







$






489






 






 






$






1,923






 






 






$






736,501






 






 






$






398,023






 







The following table presents the calculation of Subscription ARR Contribution Margin for the periods presented as well as a reconciliation of (i) non-GAAP subscription cost of revenue to subscription cost of revenue and (ii) non-GAAP operating expenses to operating expenses (in thousands, except percentages):




 






 






Twelve Months Ended January 31,








 






 






2026






 






2025








Subscription cost of revenue






 






$






229,741






 






 






$






215,036






 








Stock-based compensation expense






 






 






(16,374






)






 






 






(49,514






)








Stock-based compensation included in amortization of capitalized internal-use software






 






 






(2,156






)






 






 






(273






)








Amortization of acquired intangibles






 






 






(7,488






)






 






 






(3,673






)








Non-GAAP subscription cost of revenue






 






$






203,723






 






 






$






161,576






 








 






 






 






 






 








Operating expenses






 






$






1,399,730






 






 






$






1,754,828






 








Stock-based compensation expense






 






 






(310,444






)






 






 






(846,872






)








Non-GAAP operating expenses






 






$






1,089,286






 






 






$






907,956






 








 






 






 






 






 








Subscription ARR






 






$






1,462,092






 






 






$






1,092,584






 








Non-GAAP subscription cost of revenue






 






 






(203,723






)






 






 






(161,576






)








Non-GAAP operating expenses






 






 






(1,089,286






)






 






 






(907,956






)








Subscription ARR Contribution






 






$






169,083






 






 






$






23,052






 








Subscription ARR Contribution Margin






 






 






11.6






%






 






 






2.1






%







 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260312698535/en/
Investor Relations Contact

Melissa Franchi

VP, Head of Investor Relations, Rubrik

781.367.0733

IR@rubrik.com


Public Relations Contact

Jessica Moore

VP, Global Communications, Rubrik

415.244.6565

jessica.moore@rubrik.com


Original: Rubrik Reports Fourth Quarter and Fiscal Year 2026 Financial Results