Earnings Releases·Nov 4, 2026, 4:08 PM ET

Rapid7 — Third Quarter 2026 Earnings Summary

Total revenue declined 2.5% year-over-year to $212.4 million, with product subscriptions down 1.9% and Annualized Recurring Revenue (ARR) falling 2.2% to $819.7 million; GAAP net income was $3.5 million ($0.05/share) versus $47.4 million ($0.60/share) Non-GAAP.
Full-year 2026 revenue guidance was set at $841–$843 million (down 2% year-over-year), with Q4 revenue guided to $208–$210 million (down 3–4% year-over-year) and Q4 Non-GAAP net income per share projected at $0.53–$0.55.
Management highlighted a multi-quarter journey to stabilize the core business, citing $9.99 million in restructuring expenses and a $5.5 million impairment, while noting the company remains on track for full-year cash generation.
Strategic initiatives include the October launch of Rapid7 Intelligence and previews of Autonomous SOC and AI-Accelerated Exposure Discovery, positioning the firm toward an AI-first service model despite macroeconomic uncertainties.