Rapid7 Inc
For the period ended Dec 31, 2024. Filed Feb 28, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 28, 2025
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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Item 8. Consolidated Statements of Operations
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except share and per share data)
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Revenue: | |||
| Product subscriptions | $808,906 | $740,168 | $647,535 |
| Professional services | 35,101 | 37,539 | 37,548 |
| Total revenue | 844,007 | 777,707 | 685,083 |
| Cost of revenue: | |||
| Product subscriptions | 225,547 | 203,140 | 182,212 |
| Professional services | 25,488 | 28,906 | 32,137 |
| Total cost of revenue | 251,035 | 232,046 | 214,349 |
| Total gross profit | 592,972 | 545,661 | 470,734 |
| Operating expenses: | |||
| Research and development | 173,126 | 177,937 | 189,970 |
| Sales and marketing | 298,809 | 313,661 | 307,409 |
| General and administrative | 86,002 | 85,340 | 84,969 |
| Impairment of long-lived assets | — | 30,784 | — |
| Restructuring | — | 22,227 | — |
| Total operating expenses | 557,937 | 629,949 | 582,348 |
| Income (loss) from operations | 35,035 | (84,288) | (111,614) |
| Other income (expense), net: | |||
| Interest income | 21,063 | 10,177 | 1,813 |
| Interest expense | (10,963) | (64,700) | (10,982) |
| Other expense, net | (3,680) | (14,522) | (1,522) |
| Income (loss) before income taxes | 41,455 | (153,333) | (122,305) |
| Provision for (benefit from) income taxes | 15,929 | (518) | 2,412 |
| Net income (loss) | $25,526 | $(152,815) | $(124,717) |
| Net income (loss) per share, basic | $0.41 | $(2.52) | $(2.13) |
| Net income (loss) per share, diluted | $0.40 | $(2.52) | $(2.13) |
| Numerator used to calculate earnings per share (Note 15) | |||
| Basic | $25,526 | $(152,815) | $(124,717) |
| Diluted | $25,526 | $(152,815) | $(124,717) |
| Weighted-average common shares outstanding, basic | 62,607,583 | 60,756,087 | 58,552,065 |
| Weighted-average common shares outstanding, diluted | 63,183,651 | 60,756,087 | 58,552,065 |
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