Rapid7 Inc
For the period ended Mar 31, 2024. Filed May 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 8, 2024
RPD$14.49-3.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (Unaudited)
(in thousands, except share and per share data)
| March 31, 2024 | December 31, 2023 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $198,716 | $213,629 |
| Short-term investments | 213,001 | 169,544 |
| Accounts receivable, net of allowance for credit losses of $970 and $951 at March 31, 2024 and December 31, 2023, respectively | 124,595 | 164,862 |
| Deferred contract acquisition and fulfillment costs, current portion | 47,003 | 45,008 |
| Prepaid expenses and other current assets | 42,552 | 41,407 |
| Total current assets | 625,867 | 634,450 |
| Long-term investments | 52,454 | 56,171 |
| Property and equipment, net | 37,266 | 39,642 |
| Operating lease right-of-use assets | 53,036 | 54,693 |
| Deferred contract acquisition and fulfillment costs, non-current portion | 75,287 | 76,601 |
| Goodwill | 536,351 | 536,351 |
| Intangible assets, net | 88,844 | 94,546 |
| Other assets | 19,368 | 12,894 |
| Total assets | $1,488,473 | $1,505,348 |
| Liabilities and Stockholders’ Deficit | ||
| Current liabilities: | ||
| Accounts payable | $11,516 | $15,812 |
| Accrued expenses and other current liabilities | 60,605 | 85,025 |
| Operating lease liabilities, current portion | 14,257 | 13,452 |
| Deferred revenue, current portion | 437,687 | 455,503 |
| Total current liabilities | 524,065 | 569,792 |
| Convertible senior notes, net | 931,001 | 929,996 |
| Operating lease liabilities, non-current portion | 77,069 | 81,130 |
| Deferred revenue, non-current portion | 29,207 | 32,577 |
| Other long-term liabilities | 13,580 | 10,032 |
| Total liabilities | $1,574,922 | $1,623,527 |
| Stockholders’ deficit: | ||
| Preferred stock, $0.01 par value per share; 100,000,000 shares authorized at March 31, 2024 and December 31, 2023; 0 shares issued and outstanding at March 31, 2024 and December 31, 2023 | $— | $— |
| Common stock, $0.01 par value per share; 100,000,000 shares authorized at March 31, 2024 and December 31, 2023; 62,838,127 and 62,283,630 shares issued at March 31, 2024 and December 31, 2023, respectively; 62,268,548 and 61,714,051 shares outstanding at March 31, 2024 and December 31, 2023, respectively | 623 | 617 |
| Treasury stock, at cost, 569,579 shares at March 31, 2024 and December 31, 2023 | (4,765) | (4,765) |
| Additional paid-in-capital | 925,661 | 894,630 |
| Accumulated other comprehensive (loss) income | (221) | 1,344 |
| Accumulated deficit | (1,007,747) | (1,010,005) |
| Total stockholders’ deficit | (86,449) | (118,179) |
| Total liabilities and stockholders’ deficit | $1,488,473 | $1,505,348 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.