Rubrik, Inc.

For the period ended Jul 31, 2025. Filed Sep 10, 2025.

About 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.

Jul 31, 2025 · Filed Sep 10, 2025

RBRK$109.34-1.7%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Cash Flows

(in thousands)

	Six Months Ended July 31,
	2025	2024
Cash flows from operating activities:
Net loss	$(198,033)	$(909,021)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization	16,494	14,144
Stock-based compensation	161,997	735,348
Amortization of deferred commissions	50,945	42,433
Non-cash interest	—	19,155
Loss on debt extinguishment	6,653	—
Deferred income taxes	725	1,409
Other	(1,273)	(1,492)
Changes in operating assets and liabilities:
Accounts receivable	(40,061)	(4,829)
Deferred commissions	(49,193)	(70,159)
Prepaid expenses and other assets	(4,692)	(3,347)
Accounts payable	2,871	4,873
Accrued expenses and other liabilities	(7,982)	17,748
Deferred revenue	165,928	95,274
Net cash provided by (used in) operating activities	104,379	(58,464)
Cash flows from investing activities:
Purchases of property and equipment	(6,348)	(6,227)
Capitalized internal-use software	(7,148)	(4,444)
Purchases of investments	(997,981)	(449,323)
Sale of investments	—	27,978
Maturities of investments	319,918	116,555
Payments for business combinations, net of cash acquired	(10,153)	—
Net cash used in investing activities	(701,712)	(315,461)
Cash flows from financing activities:
Proceeds from initial public offering, net of underwriting discounts and commissions	—	815,209
Taxes paid related to net share settlement of equity awards	—	(430,300)
Proceeds from exercise of stock options	3,108	3,718
Proceeds from issuance of common stock under employee stock purchase plan	13,492	—
Payments for deferred offering costs, net	—	(3,545)
Proceeds from issuance of convertible senior notes, net of discount	1,129,875	—
Repayment of debt and related costs	(329,646)	—
Payments for debt discount costs	—	(475)
Payments for debt issuance costs	(1,181)	(233)
Purchase of capped calls related to convertible senior notes	(88,550)	—
Net cash provided by financing activities	727,098	384,374
Effect of exchange rate on cash, cash equivalents, and restricted cash	6,944	397
Net increase in cash, cash equivalents, and restricted cash	136,709	10,846
Cash, cash equivalents, and restricted cash, beginning of period	193,594	137,059
Cash, cash equivalents, and restricted cash, end of period	$330,303	$147,905
Supplemental cash flow information:
Cash paid for income taxes, net of refunds	$4,082	$4,706
Cash paid for interest	11,807	247
Non-cash investing and financing activities:
Transfers of inventory to property and equipment	$—	$66
Property and equipment received, included in payables and accrued but not paid	$1,015	$274
Stock-based compensation capitalized in internal-use software	$3,413	$1,863
Debt issuance costs accrued but not paid, included in accounts payable	$722	$—
Fair value of common stock issued as consideration for business combination	$93,849	$—
Cash consideration for business combination accrued not paid, included in accrued expenses and other current liabilities	$645	$—
Unpaid taxes related to business combination, including net share settlement, included in accrued expenses and other current liabilities	$918	$—
Acquisition holdback accrued not paid in accrued expenses and other current liabilities	$12	$—

Rubrik, Inc.

Q2 2026 Form 10-Q

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.