Rubrik, Inc. reported significant financial performance improvements in its latest quarterly filing, with total revenue reaching $350.2 million for the three months ended October 31, 2025, a 48% increase from $236.2 million in the same period last year. Subscription revenue, which constitutes the bulk of the company's income, surged by 52% to $336.4 million, up from $221.5 million. For the nine months ending October 31, 2025, total revenue was $938.5 million, compared to $628.4 million in the prior year, reflecting a 49% year-over-year growth. Despite these gains, the company reported a net loss of $63.8 million for the quarter, an improvement from a loss of $130.9 million in the previous year.
The company’s financial results were bolstered by a notable increase in Subscription Annual Recurring Revenue (ARR), which grew to $1.35 billion, representing a 34% increase year-over-year. This growth was attributed to the successful transition of existing maintenance customers to subscription models and the acquisition of new customers. Additionally, the number of customers with $100,000 or more in Subscription ARR rose by 27% to 2,638, indicating strong market demand for Rubrik's offerings.
Strategically, Rubrik has made significant moves to enhance its product offerings and market position. In July 2025, the company acquired Predibase, a developer platform focused on operationalizing open-source AI models, for $109.1 million. This acquisition is expected to accelerate Rubrik's capabilities in AI and data security. Furthermore, the company has been transitioning customers from its legacy Cloud Data Management (CDM) capabilities to the Rubrik Security Cloud (RSC), which is primarily offered as a cloud-native, fully managed SaaS solution. This transition is anticipated to continue driving revenue growth as more customers adopt the RSC platform.
Operationally, Rubrik has seen an increase in its cash reserves, with cash and cash equivalents totaling $307.1 million as of October 31, 2025, up from $186.3 million at the beginning of the fiscal year. The company also reported a significant increase in deferred revenue, which rose to $968.2 million, reflecting strong customer commitments. However, the company continues to face challenges, including a history of operating losses and the need to manage its growth effectively in a competitive market.
Looking ahead, Rubrik anticipates continued growth in its subscription revenue as it expands its customer base and enhances its product offerings. The company expects to maintain its focus on innovation and customer satisfaction to drive further adoption of its data security solutions. However, it also acknowledges potential fluctuations in revenue due to the timing of customer transitions and the exercise of subscription credits. Overall, Rubrik remains optimistic about its long-term growth prospects in the evolving data security landscape.
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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