Rapid7, Inc.
rapid7.comWhat Do They Do?
Sells cybersecurity software, managed security services, and professional security services to businesses, nonprofits, and government agencies.
10-K for FY2025, filed Feb 19, 2026Rapid7 is a global cybersecurity operations software and service provider on a mission to create a safer digital world by making…View ↗
Offerings are consumed via our platform and delivered as either Software-as-a-Service (“SaaS”) solutions, managed services or professional…View ↗
We market and sell our products and professional services to organizations of all sizes globally, including mid-market businesses…View ↗
How Do They Make Money?
Most money comes from product subscriptions: customers pay in advance for cloud access and managed services over annual or multi-year terms; term software licenses include support and content for the license term. Professional-services revenue is earned as work is performed.
10-K for FY2025, filed Feb 19, 2026Cloud-based subscriptions, which provide our software capabilities to our customers through cloud access and on a subscription basis. Our…View ↗
We generate cloud-based subscription revenue primarily from sales of subscriptions to access our cloud platform, together with related…View ↗
service is made available to the customer. Our managed services offerings generally have annual or multi-year contractual terms which are…View ↗
For our term software licenses where the utility to the customer is dependent on the continued delivery of content subscriptions, we…View ↗
All of our professional services are considered distinct performance obligations when sold stand alone or with other products. These…View ↗
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10-K for FY2025, filed Feb 19, 2026
FY2025 revenue by product or service ↗
$859.8M
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10-K for FY2025, filed Feb 19, 2026
$859.8M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Product subscriptions
Mix
10-K for FY2025, filed Feb 19, 2026 |
97%
FY2022: 95%
|
Product subscriptions, FY2025
$831.3M Sources
|
Mix |
|
Professional services
Sold outright
|
3.3%
FY2022: 5.5%
|
Professional services, FY2025
$28.5M Sources
|
Sold outright |
Who Are Their Customers?
Buyers include businesses, nonprofits, educational institutions and government agencies of different sizes, across industries. The company sells through its sales organization and through distributors and resellers.
10-K for FY2025, filed Feb 19, 2026We market and sell our products and professional services to organizations of all sizes globally, including mid-market businesses…View ↗
Sales through our channel network of distributors and resellers are generally discounted as compared to the price that we would sell to an…View ↗
Continued investments in product development: We intend to continue to invest in our product development to enhance our platform and…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 3 cents of every revenue dollar as net income in FY2025 and turned 17 cents into free cash flow.
10-K for FY2025, filed Feb 19, 2026
$11.6MView ↗
10-K for FY2025, filed Feb 19, 2026
$23.4MView ↗
10-K for FY2025, filed Feb 19, 2026
$146.2MView ↗
How Are They Changing?
10-Q for Q2 FY2026, filed Aug 10, 2026
Open tableView ↗
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Aug 10, 2026
Issues 2026 guidance and plans to reduce its workforce
The plan covers approximately 12% of the workforce; expected charges are approximately $10-$11 million.
Sources
8-K, filed Aug 10, 2026
The Company estimates that it will incur approximately $10-$11 million in charges in connection with the 2026 Restructuring Plan…View ↗
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Jun 1, 2026
Names a new CEO and reports acquiring AI security platform Kenzo
Wael Mohamed became CEO, while Corey Thomas became Executive Chairman; Kenzo is described as an AI security platform.
Sources
8-K, filed Jun 1, 2026
On May 26, 2026, the Board of Directors (the “Board”) of Rapid7, Inc. (the “Company”) appointed Wael Mohamed as Chief Executive Officer of…View ↗
Growing. Revenue grew 61% in 4 years, from $535.4M in FY2021 to $859.8M in FY2025, about 13% a year.
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