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.
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Item 1. Condensed Consolidated Statements of Operations
Condensed Consolidated Statements of Operations (Unaudited)
(in thousands, except share and per share data)
| Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Revenue: | ||
| Product subscriptions | $203,935 | $196,918 |
| Professional services | 6,318 | 8,183 |
| Total revenue | 210,253 | 205,101 |
| Cost of revenue: | ||
| Product subscriptions | 54,368 | 54,734 |
| Professional services | 5,112 | 6,260 |
| Total cost of revenue | 59,480 | 60,994 |
| Total gross profit | 150,773 | 144,107 |
| Operating expenses: | ||
| Research and development | 47,888 | 41,368 |
| Sales and marketing | 79,400 | 73,095 |
| General and administrative | 23,586 | 19,928 |
| Total operating expenses | 150,874 | 134,391 |
| Income (loss) from operations | (101) | 9,716 |
| Other (income) expense, net: | ||
| Interest income | 5,758 | 4,720 |
| Interest expense | (2,654) | (2,670) |
| Other income (expense), net | 1,802 | (1,435) |
| Income before income taxes | 4,805 | 10,331 |
| Provision for income taxes | 2,700 | 8,925 |
| Net income | $2,105 | $1,406 |
| Net income per share, basic | $0.03 | $0.02 |
| Net income per share, diluted | $0.03 | $0.02 |
| Weighted-average common shares outstanding, basic | 63,835,945 | 61,907,808 |
| Weighted-average common shares outstanding, diluted | 64,224,415 | 74,021,704 |
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