Rubrik Inc. reported total revenue of $1.32 billion for the fiscal year ended January 31, 2026, representing a 48% increase compared to $886.5 million in the previous fiscal year. Subscription revenue, which constitutes the majority of the company's income, reached $1.26 billion, a 53% increase from $828.7 million in fiscal year 2025. However, other revenue, including fees from professional services and Rubrik-branded appliance maintenance, decreased by 10% to $52.3 million. The company's net loss was $(348.8) million, a significant improvement compared to the $(1.15) billion loss in the prior fiscal year.
The company's financial performance was influenced by several factors, including the transition of customers to its Rubrik Security Cloud (RSC) platform and the exercise or forfeiture of Subscription Credits. Subscription ARR grew by 34% to $1.46 billion, while Cloud ARR increased by 48% to $1.29 billion. The average subscription dollar-based net retention rate remained above 120%, indicating strong customer loyalty and expansion. The number of customers with $100,000 or more in Subscription ARR increased by 25% to 2,805.
Strategic developments included the launch of Rubrik Agent Cloud (RAC) in February 2026, designed to accelerate enterprise AI transformation. The company also acquired Predibase, a developer platform, for $109.1 million, aiming to enhance its AI capabilities. These strategic moves reflect Rubrik's focus on expanding its product offerings and strengthening its position in the data security and AI markets. The company's operating expenses decreased from $1.75 billion to $1.40 billion, primarily due to a reduction in stock-based compensation expense.
Operationally, Rubrik continued to expand its global footprint, with international revenue increasing from $250.4 million in fiscal year 2025 to $364.5 million in fiscal year 2026. The company's employee headcount was approximately 3,797 as of January 31, 2026. Looking ahead, Rubrik plans to continue investing in its SaaS solutions, expanding its customer base, innovating its product offerings, growing its partner ecosystem, and pursuing strategic acquisitions to drive future growth. The company anticipates that subscription revenue will continue to benefit from customers exercising or forfeiting their Subscription Credits through fiscal 2027, although the benefits are expected to diminish sequentially.
About Rubrik, Inc.
Rubrik, Inc. provides data security and cyber resilience solutions through its cloud-native SaaS platform, Rubrik Security Cloud. The company offers data protection, threat analytics, security posture management, and cyber recovery across enterprise, cloud, and SaaS applications. Its innovative Zero Trust architecture, AI-driven threat detection, and automation enable organizations to secure, govern, and recover data, ensuring business continuity and regulatory compliance.
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