Rapid7, Inc.
For the period ended Mar 31, 2025. Filed May 12, 2025.
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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, 2025 · Filed May 12, 2025
RPD$14.49-3.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows
Condensed Consolidated Statements of Cash Flows (Unaudited)
| Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities: | ||
| Net income | $2,105 | $1,406 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 11,665 | 11,348 |
| Amortization of debt issuance costs | 1,019 | 1,053 |
| Stock-based compensation expense | 27,151 | 25,745 |
| Deferred income taxes | — | 1,840 |
| Other | (1,153) | (203) |
| Changes in assets and liabilities: | ||
| Accounts receivable | 27,668 | 39,529 |
| Deferred contract acquisition and fulfillment costs | 5,295 | (679) |
| Prepaid expenses and other assets | (1,995) | (1,223) |
| Accounts payable | (6,555) | (4,190) |
| Accrued expenses | (20,325) | (24,890) |
| Deferred revenue | (12,874) | (21,186) |
| Other liabilities | (2,244) | 2,520 |
| Net cash provided by operating activities | 29,757 | 31,070 |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (1,361) | (620) |
| Capitalization of internal-use software | (3,719) | (2,916) |
| Purchases of investments | (144,461) | (93,158) |
| Sales and maturities of investments | 69,000 | 55,000 |
| Other investing activities | 1,328 | — |
| Net cash used in investing activities | (79,213) | (41,694) |
| Cash flows from financing activities: | ||
| Taxes paid related to net share settlement of equity awards | (1,303) | (1,764) |
| Proceeds from employee stock purchase plan | 4,446 | 5,046 |
| Proceeds from stock option exercises | 1,589 | 1,080 |
| Net cash provided by financing activities | 4,732 | 4,362 |
| Effect of exchange rate changes on cash ,cash equivalents and restricted cash | 1,334 | (1,493) |
| Net decrease in cash, cash equivalents and restricted cash | (43,390) | (7,755) |
| Cash, cash equivalents and restricted cash, beginning of period | 342,101 | 214,130 |
| Cash, cash equivalents and restricted cash, end of period | $298,711 | $206,375 |
| Supplemental cash flow information: | ||
| Cash paid for interest on convertible senior notes | $1,571 | $2,698 |
| Cash paid for income taxes, net of refund | 992 | 2,352 |
| Reconciliation of cash, cash equivalents and restricted cash: | ||
| Cash and cash equivalents | $291,462 | $198,716 |
| Restricted cash included in other assets and prepaid expenses and other current assets | 7,249 | 7,659 |
| Total cash, cash equivalents and restricted cash | $298,711 | $206,375 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.