Rubrik (RBKR) just pulled off a massive flex. Shares shot up 25% in Friday's morning after the data security company delivered a jaw-dropping Q3 performance. Revenue surged 43% year-over-year to $236.2 million, with subscription revenue stealing the spotlight—up a whopping 55% to $221.5 million. CFO Kiran Choudary didn't mince words, calling it an across-the-board beat. Analysts aren't holding back either. Truist Securities, KeyBanc, and BMO all jacked up their price targets, with highs reaching $75. Guggenheim's take? Rubrik's growth is “uncommon,” and its momentum isn't slowing down.
The company also raised its game for 2025. Revenue guidance climbed to $860–$862 million, up from the previous $830–$838 million range, signaling confidence in its trajectory. Subscription Annual Recurring Revenue (ARR) smashed the $1 billion mark, while free cash flow landed at $15.6 million—blowing past forecasts. Even the adjusted loss per share tightened dramatically to $1.82–$1.86, proving Rubrik's operational strategy is firing on all cylinders. With ransomware threats intensifying and GenAI adoption on the rise, the stars seem aligned for Rubrik's long-term growth.
So, what's the secret sauce? Analysts point to Rubrik's sweet spot at the intersection of cyber resiliency and data management, making it a standout in a crowded cybersecurity market. Truist and KeyBanc see Rubrik as uniquely positioned to ride the wave of heightened demand, while Guggenheim praised the company's knack for innovation. For investors eyeing the next big thing in SaaS and data security, Rubrik is delivering a masterclass in how to crush expectations—and raise the bar.
