Rapid7 Inc
For the period ended Sep 30, 2024. Filed Nov 7, 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.
Sep 30, 2024 · Filed Nov 7, 2024
RPD$14.97+2.0%Stored close · as of Nov 9, 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)
| September 30, 2024 | December 31, 2023 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $222,571 | $213,629 |
| Short-term investments | 221,122 | 169,544 |
| Accounts receivable, net of allowance for credit losses of $1,591 and $951 at September 30, 2024 and December 31, 2023, respectively | 141,891 | 164,862 |
| Deferred contract acquisition and fulfillment costs, current portion | 49,710 | 45,008 |
| Prepaid expenses and other current assets | 37,328 | 41,407 |
| Total current assets | 672,622 | 634,450 |
| Long-term investments | 60,382 | 56,171 |
| Property and equipment, net | 33,936 | 39,642 |
| Operating lease right-of-use assets | 50,756 | 54,693 |
| Deferred contract acquisition and fulfillment costs, non-current portion | 72,392 | 76,601 |
| Goodwill | 575,165 | 536,351 |
| Intangible assets, net | 90,748 | 94,546 |
| Other assets | 18,530 | 12,894 |
| Total assets | $1,574,531 | $1,505,348 |
| Liabilities and Stockholders’ Deficit | ||
| Current liabilities: | ||
| Accounts payable | $6,005 | $15,812 |
| Accrued expenses and other current liabilities | 82,319 | 85,025 |
| Convertible senior notes, current portion, net | 45,816 | — |
| Operating lease liabilities, current portion | 15,849 | 13,452 |
| Deferred revenue, current portion | 423,640 | 455,503 |
| Total current liabilities | 573,629 | 569,792 |
| Convertible senior notes non-current portion, net | 887,362 | 929,996 |
| Operating lease liabilities, non-current portion | 72,555 | 81,130 |
| Deferred revenue, non-current portion | 28,239 | 32,577 |
| Other long-term liabilities | 19,050 | 10,032 |
| Total liabilities | $1,580,835 | $1,623,527 |
| Stockholders’ deficit: | ||
| Preferred stock, $0.01 par value per share; 100,000,000 shares authorized at September 30, 2024 and December 31, 2023; 0 shares issued and outstanding at September 30, 2024 and December 31, 2023 | $— | $— |
| Common stock, $0.01 par value per share; 100,000,000 shares authorized at September 30, 2024 and December 31, 2023; 63,747,524 and 62,283,630 shares issued at September 30, 2024 and December 31, 2023, respectively; 63,177,945 and 61,714,051 shares outstanding at September 30, 2024 and December 31, 2023, respectively | 632 | 617 |
| Treasury stock, at cost, 569,579 shares at September 30, 2024 and December 31, 2023 | (4,765) | (4,765) |
| Additional paid-in-capital | 978,898 | 894,630 |
| Accumulated other comprehensive income | 1,929 | 1,344 |
| Accumulated deficit | (982,998) | (1,010,005) |
| Total stockholders’ deficit | (6,304) | (118,179) |
| Total liabilities and stockholders’ deficit | $1,574,531 | $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.