Rapid7, Inc. reported a total revenue of $859.8 million for the fiscal year ending December 31, 2025, marking a 1.9% increase from $844.0 million in 2024. The growth was primarily driven by product subscriptions, which rose to $831.3 million, up from $808.9 million the previous year. However, revenue from professional services declined by 18.9% to $28.5 million, down from $35.1 million in 2024. The company achieved a net income of $23.4 million in 2025, a decrease from $25.5 million in 2024, following a significant net loss of $152.8 million in 2023 as the company continued to invest in long-term growth.
In terms of operational metrics, Rapid7's customer base slightly decreased to 11,674 from 11,727 in 2024, while the annualized recurring revenue (ARR) per customer increased by 2.5% to $71.9 thousand. The company maintained a high recurring revenue rate, with 96% of total revenue coming from recurring sources in both 2025 and 2024. The firm also reported a total employee headcount of 2,613 as of December 31, 2025, reflecting a strategic focus on enhancing its workforce to support growth initiatives.
Strategically, Rapid7 has been active in expanding its product offerings and capabilities. In July 2024, the company acquired Noetic Cyber, Inc. for $51.2 million, aiming to enhance its security operations platform. The acquisition included a contingent consideration of up to $20 million based on performance targets. Additionally, the company has been focusing on consolidating its security operations offerings, responding to a market trend where organizations seek integrated security solutions. This shift is reflected in the launch of new products, including the Incident Command, which integrates various security functions into a single platform.
Looking ahead, Rapid7 anticipates continued growth driven by its focus on product innovation and customer satisfaction. The company plans to invest in research and development, sales and marketing, and international expansion to capture new market opportunities. However, it also acknowledges potential risks, including economic uncertainties and competitive pressures, which could impact its ability to maintain profitability and revenue growth. The firm remains committed to enhancing its operational efficiencies and aligning its workforce with strategic priorities as part of its ongoing restructuring efforts initiated in 2023.
About Rapid7, Inc.
Rapid7 is a global cybersecurity software provider specializing in security information and event management, vulnerability management, threat detection, and response solutions. Its cloud-based Command Platform integrates exposure, threat, and risk management across on-premise and cloud environments. Serving diverse industries worldwide, Rapid7 offers SaaS, managed, and professional services to help organizations proactively secure their attack surfaces and improve security operations.
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