Rubrik Inc (NYSE: RBRK) is a data security company that sells a cloud-based platform protecting enterprise, cloud, SaaS, and unstructured data against cyberattacks. Revenue comes primarily from SaaS subscriptions to its Rubrik Security Cloud (RSC) platform, invoiced at contract inception and recognized over the subscription term. As of the fiscal year ended January 31, 2026, SaaS subscriptions represented a majority of total revenue, completing a multi-year transition away from perpetual licenses and Rubrik-branded Appliances. The company measures business performance on Subscription ARR rather than GAAP revenue, given ongoing revenue recognition timing differences from legacy CDM licenses and Subscription Credit accounting. Free cash flow reached $237.8 million in FY2026, up from $21.6 million in FY2025, against a net loss of $348.8 million for FY2026. Rubrik went public in April 2024 and is headquartered in the United States.

Revenue model

Subscription-based SaaS revenue from the RSC platform, invoiced at contract inception and deferred over the contract term. Legacy revenue streams included perpetual licenses with maintenance contracts and term-based licenses; both have been substantially wound down as of FY2026. Hardware appliance sales were transitioned to contract manufacturers in FY2025.

Products and services

Rubrik Security Cloud (RSC): Zero Trust Data Security SaaS platform covering enterprise, cloud, SaaS, unstructured data, and identity providers. Legacy Cloud Data Management (CDM) software. Previously sold Rubrik-branded Appliances, now fulfilled through contract manufacturers.

Customers and end markets

Organizations across a wide range of industries and sizes seeking data security and cyberattack recovery capabilities. Customers operate across enterprise IT, cloud, and SaaS environments. No specific customer concentration figures disclosed in the excerpts. Sales cycles have lengthened due to higher cost-consciousness in IT budgets and macroeconomic pressures as of FY2026 filings.

Value-chain role

Platform vendor and SaaS provider sitting between enterprise IT infrastructure and security operations, enabling data protection, recovery, and compliance. Sells through a direct sales force and channel partnerships.

Geographic exposure

Primarily United States-based operations; international exposure referenced in risk factors covering foreign currency fluctuations and geopolitical conditions, but no geographic revenue split disclosed in the excerpts.

Source: SEC 10-K, filed 2026-03-19

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