Rapid7 Inc
For the period ended Dec 31, 2024. Filed Feb 28, 2025.
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FY2024 · Filed Feb 28, 2025
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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Consolidated Statements of Changes Stockholders' Equity
RAPID7, INC.CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY (DEFICIT)
| Common stock · Treasury stock · Additionalpaid-in-capital · Accumulatedothercomprehensiveincome (loss) · Accumulateddeficit · Totalstockholders’equity (deficit) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Shares · Amount · Shares · Amount | ||||||||||
| Balance, December 31, 2021 | 57,695 | $577 | 487 | $(4,764) | $615,032 | $(812) | $(736,028) | $(125,995) | ||
| Stock-based compensation expense | — | — | — | — | 123,441 | — | — | 123,441 | ||
| Issuance of common stock under employee stock purchase plan | 218 | 2 | — | — | 11,941 | — | — | 11,943 | ||
| Vesting of restricted stock units | 1,482 | 15 | — | — | (15) | — | — | — | ||
| Shares withheld for employee taxes | (105) | (1) | — | — | (7,461) | — | — | (7,462) | ||
| Issuance of common stock upon exercise of stock options | 480 | 5 | — | — | 3,313 | — | — | 3,318 | ||
| Issuance of common stock in connection with conversion of convertible senior notes | — | — | — | — | (3) | — | — | (3) | ||
| Issuance of common stock related to acquisition | 33 | — | — | — | — | — | — | — | ||
| Repurchase of common stock issued in relation to acquisition | (83) | (1) | 1 | — | ||||||
| Other comprehensive income (loss) | — | — | — | — | — | (599) | — | (599) | ||
| Net loss | — | — | — | — | — | — | (124,717) | (124,717) | ||
| Balance, December 31, 2022 | 59,720 | $597 | 487 | $(4,764) | $746,249 | $(1,411) | $(860,745) | $(120,074) | ||
| Stock-based compensation expense | — | — | — | — | 110,809 | — | — | 110,809 | ||
| Issuance of common stock under employee stock purchase plan | 330 | 3 | — | — | 11,320 | — | — | 11,323 | ||
| Vesting of restricted stock units | 1,454 | 15 | — | — | (15) | — | — | — | ||
| Shares withheld for employee taxes | (113) | (1) | — | — | (5,569) | — | — | (5,570) | ||
| Issuance of common stock upon exercise of stock options | 216 | 2 | — | — | 3,051 | — | — | 3,053 | ||
| Issuance of common stock related to acquisition | 107 | 1 | — | — | (1) | — | — | — | ||
| Repurchase of common stock issued in related to acquisition | — | — | 83 | (1) | 1 | — | — | — | ||
| Purchase of capped called related to convertible senior notes | — | — | — | — | (36,570) | — | — | (36,570) | ||
| Reclassification of equity to derivative assets related to capped calls | — | — | — | — | 33,029 | — | — | 33,029 | ||
| Repurchase and inducement of convertible senior notes | — | — | — | — | 35,881 | — | — | 35,881 | ||
| Other comprehensive income (loss) | — | — | — | — | — | 2,755 | — | 2,755 | ||
| Net loss | — | — | — | — | — | — | (152,815) | (152,815) | ||
| Balance, December 31, 2023 | 61,714 | $617 | 570 | $(4,765) | $898,185 | $1,344 | $(1,013,560) | $(118,179) | ||
| Stock-based compensation expense | — | — | — | — | 105,179 | — | — | 105,179 | ||
| Issuance of common stock under employee stock purchase plan | 292 | 3 | — | — | 9,243 | — | — | 9,246 | ||
| Vesting of restricted stock units | 1,435 | 15 | — | — | (15) | — | — | — | ||
| Shares withheld for employee taxes | (104) | (1) | — | — | (4,729) | — | — | (4,730) | ||
| Vesting of equity awards previously classified as liabilities | 27 | — | — | — | 1,652 | — | — | 1,652 | ||
| Issuance of common stock upon exercise of stock options | 133 | 1 | — | — | 1,565 | — | — | 1,566 | ||
| Repurchase of common stock issued in relation to acquisition | — | — | 1 | — | — | — | — | — | ||
| Other comprehensive income (loss) | — | — | — | — | — | (2,549) | — | (2,549) | ||
| Net income | — | — | — | — | — | — | 25,526 | 25,526 | ||
| Balance, December 31, 2024 | 63,497 | $635 | 571 | $(4,765) | $1,011,080 | $(1,205) | $(988,034) | $17,711 | ||
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash flows from operating activities: | |||
| Net income (loss) | $25,526 | $(152,815) | $(124,717) |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 44,893 | 45,939 | 41,038 |
| Amortization of debt issuance costs | 4,447 | 4,138 | 4,085 |
| Stock-based compensation expense | 107,961 | 111,636 | 119,902 |
| Impairment of long-lived assets | — | 30,784 | — |
| Change in fair value of derivative assets | — | 15,511 | — |
| Deferred income taxes | 791 | (5,624) | (1,440) |
| Induced conversion expense | — | 53,889 | — |
| Other | (1,503) | 469 | (200) |
| Changes in assets and liabilities: | |||
| Accounts receivable | (5,480) | (14,021) | (9,050) |
| Deferred contract acquisition and fulfillment costs | (4,196) | (18,534) | (15,910) |
| Prepaid expenses and other assets | 2,805 | (4,125) | (2,231) |
| Accounts payable | 2,777 | 5,449 | 7,977 |
| Accrued expenses | (9,829) | 2,422 | 3,741 |
| Deferred revenue | (795) | 30,472 | 52,516 |
| Other liabilities | 4,273 | (1,312) | 2,493 |
| Net cash provided by operating activities | 171,670 | 104,278 | 78,204 |
| Cash flows from investing activities: | |||
| Business acquisitions, net of cash acquired | (37,301) | (34,841) | — |
| Purchases of property and equipment | (3,425) | (4,366) | (20,382) |
| Capitalization of internal-use software | (14,162) | (15,878) | (17,145) |
| Purchases of investments | (242,494) | (276,829) | (122,765) |
| Sales and maturities of investments | 250,500 | 150,450 | 121,304 |
| Other investing activities | 360 | 2,710 | (1,000) |
| Net cash used in investing activities | (46,522) | (178,754) | (39,988) |
| Cash flows from financing activities: | |||
| Proceeds from issuance of convertible senior notes, net of issuance costs paid of $7,909 | — | 292,091 | — |
| Purchase of capped calls related to convertible senior notes | — | (36,570) | — |
| Payment of debt issuance costs | — | — | (71) |
| Payments for repurchase of convertible senior notes | — | (199,998) | (12) |
| Payments related to business acquisitions | (500) | (2,250) | (300) |
| Proceeds from capped call settlement | — | 17,518 | — |
| Taxes paid related to net share settlement of equity awards | (4,730) | (5,570) | (7,462) |
| Proceeds from employee stock purchase plan | 9,246 | 11,323 | 11,943 |
| Proceeds from stock option exercises | 1,566 | 3,053 | 3,318 |
| Net cash provided by financing activities | 5,582 | 79,597 | 7,416 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (2,756) | 1,202 | (2,845) |
| Net increase in cash, cash equivalents and restricted cash | 127,974 | 6,323 | 42,787 |
| Cash, cash equivalents and restricted cash, beginning of period | 214,127 | 207,804 | 165,017 |
| Cash, cash equivalents and restricted cash, end of period | $342,101 | $214,127 | $207,804 |
| Supplemental cash flow information: | |||
| Cash paid for interest on convertible senior notes | $6,358 | $4,605 | $6,675 |
| Cash paid for income taxes, net of refunds | $8,949 | $1,624 | $1,571 |
| Reconciliation of cash, cash equivalents and restricted cash: | |||
| Cash and cash equivalents | $334,686 | $213,629 | $207,287 |
| Restricted cash included in prepaid expenses and other current assets and other assets | 7,415 | 498 | 517 |
| Total cash, cash equivalents and restricted cash | $342,101 | $214,127 | $207,804 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.