_(1).jpg)
Rubrik, Inc., the Security and AI company, announced robust financial results for the second quarter of fiscal year 2026, ending July 31, 2025, exceeding all guided metrics with strong subscription growth and improved profitability. Subscription Annual Recurring Revenue (ARR) reached $1.25 billion, up 36% year-over-year, while total revenue surged 51% to $309.9 million, driven by customer expansion and AI innovations.
Subscription ARR grows 36% YoY to $1.25 billion.
Total revenue increases 51% YoY to $309.9 million.
2,505 customers with $100K+ subscription ARR, up 27% YoY.
GAAP gross margin at 79.5%; Non-GAAP at 81.6%.
Free cash flow of $57.5 million, with 19% margin.
Raised FY2026 outlook: Revenue $1.227B–$1.237B, Free cash flow $145M–$155M.
Rubrik reported total revenue of $309.9 million for Q2 FY2026, a 51% increase from $205.0 million in the prior year, with subscription revenue leading at $297.0 million, up 55% year-over-year. Subscription ARR expanded 36% to $1.25 billion, reflecting healthy new customer acquisition and robust expansions. The company now serves 2,505 customers with $100,000 or more in subscription ARR, a 27% year-over-year increase, underscoring its position in data security and AI.
"We delivered a strong quarter with exceptional top-line growth and significant cash flow margin. We continue to build towards a highly profitable growth business," said Bipul Sinha, Rubrik’s Chief Executive Officer, Chairman, and Co-Founder.
GAAP gross margin improved to 79.5% from 73.1% in the prior year, while non-GAAP gross margin reached 81.6%, up from 77.0%. Subscription ARR contribution margin turned positive at 9.4%, compared to (8.2)% last year, indicating enhanced operating leverage. GAAP net loss per share narrowed to $(0.49) from $(0.98), and non-GAAP net loss per share was $(0.03), improved from $(0.40). Cash flow from operations was $64.7 million, and free cash flow reached $57.5 million, achieving a 19% margin.
Commenting on the company’s financial results, Kiran Choudary, Rubrik’s Chief Financial Officer, added, “We saw solid results in the second quarter with 36% growth in subscription ARR and a 19% free cash flow margin. This was driven by healthy new customer acquisition, robust expansion and increased efficiencies in the business.”
Rubrik completed the acquisition of Predibase, enhancing its capabilities in secure, efficient GenAI deployment. The company launched Agent Rewind, powered by Predibase’s AI infrastructure, to enable organizations to reverse agentic AI mistakes. Additionally, Rubrik expanded immutability for Amazon RDS for PostgreSQL and comprehensive protection for Amazon DynamoDB, reinforcing its cloud data protection leadership. Rubrik was named a Leader in the 2025 Gartner Magic Quadrant for Enterprise Backup and Recovery Software Solutions for the sixth consecutive year.
Rubrik raised its full-year FY2026 outlook, projecting subscription ARR of $1.408 billion to $1.416 billion and total revenue of $1.227 billion to $1.237 billion. Non-GAAP subscription ARR contribution margin is expected at approximately 7.0%, with non-GAAP net loss per share of $(0.50) to $(0.44). Free cash flow guidance is set at $145 million to $155 million. For Q3 FY2026, revenue is forecasted at $319 million to $321 million.
Rubrik’s Q2 FY2026 results demonstrate accelerated growth in subscription revenue and ARR, bolstered by strategic acquisitions and product innovations in AI and data security. With a strong balance sheet of $1.523 billion in cash and equivalents, Rubrik is well-positioned to capitalize on expanding opportunities in cyber resilience and enterprise AI.
Rubrik (NYSE: RBRK) the Security and AI company, operates at the intersection of data protection, cyber resilience and enterprise AI acceleration. The Rubrik Security Cloud platform is designed to deliver robust cyber resilience and recovery including identity resilience to ensure continuous business operations, all on top of secure metadata and data lake. Rubrik’s offerings also include Predibase to help further secure and deploy GenAI while delivering exceptional accuracy and efficiency for agentic applications.
TechIntelPro empowers B2B technology decision-makers with the latest industry trends, deep insights, leadership perspectives and actionable intelligence to drive both organizational and professional milestones—and thrive on the tech pulse.