Company Overview
Rubrik, Inc. operates as a provider of data security solutions designed to safeguard information for individuals and businesses globally. The enterprise focuses on delivering enterprise data protection, unstructured data protection, cloud data protection, SaaS data protection solutions, and identity provider services protection, alongside data threat analytics and data security platforms. This technology company functions within the Technology sector and specifically within the Software - Infrastructure industry, positioning it as a critical player in the digital infrastructure market. The company commands a market capitalization of $10.19B and reported annual revenue of $1.32B over the trailing twelve months. These figures indicate that Rubrik has established itself as a significant entity in the software infrastructure space, reflecting a substantial valuation despite the absence of reported employee count data in current filings.
Financial Health
The company reported revenue of $1.32B, net income of $-348,828,000, and EBITDA of $-308,300,992 for the trailing twelve months. The substantial gap between the $1.32B revenue and the negative net income reveals a cost structure where operating expenses significantly outpace pre-tax profits, a common characteristic for high-growth technology firms investing heavily in R&D and sales. However, the company maintains strong financial flexibility with free cash flow of $405.55M, which allows it to fund operations and strategic initiatives without relying on external capital or debt servicing. This positive free cash flow stands in stark contrast to the negative net income, suggesting that non-cash expenses or timing differences in revenue recognition are impacting reported earnings more than actual cash generation. The gross margin stands at 80.1%, indicating high efficiency in production and delivery of software solutions, while the operating margin is -21.8% and profit margin is -26.5%, highlighting the current inability to convert total revenue into bottom-line profit. In terms of liquidity and leverage, the company holds $1.68B in cash against $1.13B in debt, resulting in a debt-to-equity ratio that is not available due to the lack of equity data, yet the absolute cash position exceeds total debt obligations. The current ratio of 1.69 indicates that the company possesses sufficient current assets to cover its short-term liabilities, demonstrating a conservative approach to short-term liquidity management. Furthermore, the return on equity is not available and the return on assets is -10.3%, revealing that management has not yet generated positive returns on the asset base, a metric that often precedes profitability in the early stages of a technology company's lifecycle.
Valuation Assessment
The trailing P/E ratio is not available, while the forward P/E is 86.44, implying that the market expects earnings to turn positive and grow significantly to justify the current price multiple in the future. The price-to-book ratio is -19.68, a negative figure that indicates the market values the company well above its book value, likely due to intangible assets and growth potential that are not captured on the balance sheet. Alternatively, the price-to-sales ratio of 7.74 and the EV/EBITDA of -31.40 suggest that the valuation is being driven by revenue growth expectations rather than current earnings or book value multiples. The stock has traded between a 52-week high of $103.00 and a 52-week low of $46.36, meaning the current price sits somewhere within this historical range, reflecting the market's fluctuating confidence in the company's turnaround potential. The beta value is not available, preventing a direct comparison of price volatility relative to the broader market, though the high forward P/E suggests the market is pricing in significant future stability and growth to offset current earnings deficits.
Growth & Income
Revenue growth year-over-year is 46.3%, while earnings growth year-over-year is not available due to the negative net income position. This disparity indicates that earnings are currently lagging revenue expansion, which is typical for companies in the software infrastructure sector that prioritize market share acquisition and product development over immediate profitability. The company does not pay dividends, evidenced by a dividend yield of N/A and a payout ratio of 0.0%, which means the company reinvests all available earnings and cash flow back into the business to fuel further growth rather than distributing income to shareholders. Consequently, the overall growth and income profile is characterized by aggressive revenue expansion funded by strong cash generation, with income metrics still maturing to reflect the scale of operations.