Rapid7, Inc.
For the period ended Sep 30, 2025. Filed Nov 5, 2025.
View on SEC.govAbout this filing
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, 2025 · Filed Nov 5, 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
Item 1. Condensed Consolidated Statements of Operations
Condensed Consolidated Statements of Operations (Unaudited)
(in thousands, except share and per share data)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenue: | ||||
| Product subscriptions | $210,146 | $205,593 | $622,178 | $602,578 |
| Professional services | 7,814 | 9,061 | 20,228 | 25,168 |
| Total revenue | 217,960 | 214,654 | 642,406 | 627,746 |
| Cost of revenue: | ||||
| Product subscriptions | 58,263 | 56,774 | 169,867 | 166,615 |
| Professional services | 6,721 | 6,383 | 17,656 | 18,528 |
| Total cost of revenue | 64,984 | 63,157 | 187,523 | 185,143 |
| Total gross profit | 152,976 | 151,497 | 454,883 | 442,603 |
| Operating expenses: | ||||
| Research and development | 46,914 | 44,976 | 142,029 | 126,792 |
| Sales and marketing | 79,296 | 74,821 | 237,943 | 226,042 |
| General and administrative | 20,863 | 18,883 | 65,615 | 62,013 |
| Total operating expenses | 147,073 | 138,680 | 445,587 | 414,847 |
| Income from operations | 5,903 | 12,817 | 9,296 | 27,756 |
| Other income (expense), net: | ||||
| Interest income | 6,167 | 5,571 | 17,439 | 15,512 |
| Interest expense | (2,585) | (2,837) | (7,866) | (8,180) |
| Other (expense) income, net | (173) | 2,811 | 5,586 | 681 |
| Income before income taxes | 9,312 | 18,362 | 24,455 | 35,769 |
| (Benefit) provision for income taxes | (497) | 2,952 | 4,203 | 12,415 |
| Net income | $9,809 | $15,410 | $20,252 | $23,354 |
| Net income per share, basic | $0.15 | $0.24 | $0.31 | $0.37 |
| Net income per share, diluted | $0.15 | $0.21 | $0.31 | $0.31 |
| Weighted-average common shares outstanding, basic | 64,967,114 | 62,898,078 | 64,404,649 | 62,389,482 |
| Weighted-average common shares outstanding, diluted | 65,181,941 | 74,537,085 | 64,691,079 | 74,225,110 |
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