Q1 2026 Rubrik Inc Earnings Call Transcript
Key Points
- Rubrik Inc (RBRK) reported a strong first-quarter performance, exceeding all guided metrics across top line and profitability.
- Subscription ARR reached approximately $1.2 billion, growing 38% year over year, with net new Subscription ARR at $89 million.
- Subscription revenue was $266 million, growing 54% year over year, and Subscription NRR remained strong above 120%.
- The company reported over $33 million in free cash flow, highlighting strong cash generation.
- Rubrik Inc (RBRK) raised its guidance for the year, reflecting confidence in its market opportunity and growth strategy.
- Despite strong growth, Rubrik Inc (RBRK) reported a non-GAAP earnings per share of negative $0.35 to negative $0.33 for Q2 and negative $1.02 to negative $0.96 for the full year.
- The company anticipates Subscription ARR contribution margins to be seasonally lowest in Q3, indicating potential fluctuations in profitability.
- Rubrik Inc (RBRK) faces competition from legacy and new-gen vendors, requiring continuous innovation to maintain its market position.
- The integration of new identity resilience solutions is still in early stages, posing challenges in achieving immediate market penetration.
- Despite raising guidance, the company remains cautious about macroeconomic uncertainties that could impact future demand.
Good afternoon, ladies and gentlemen. Welcome to the Rubrik first-quarter fiscal year 2026 results conference call.
(Operator Instructions) This call is being recorded on June 5, 2025.
I would now like to turn the conference over to Melissa Franchi, Vice President of Investor Relations. Please go ahead.
Hello, everyone. Welcome to Rubrik's first-quarter fiscal year 2020 financial results conference call.
On the call with me today are Bipul Sinha, CEO, Chairman, and Co-Founder of Rubrik; and Kiran Choudary, Chief Financial Officer.
Our earnings press release was issued today, after the market closed; and may be downloaded from the Investor Relations page, at www.ir.rubrik.com.
Also on this page, you'll be able to find the slide deck with financial highlights that, along with our earnings release, includes a reconciliation of GAAP to non-GAAP financial results. These measures
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