$RPD
Rapid7, Inc.

2016 Q2 Form 10-Q Financial Statement

#000119312516587952 Filed on May 12, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2016 Q1 2015 Q4
Revenue $37.27M $34.80M $32.90M
YoY Change 44.51% 47.62% 50.23%
Cost Of Revenue $9.293M $8.712M $9.000M
YoY Change 38.14% 34.2% 57.89%
Gross Profit $27.98M $26.08M $23.90M
YoY Change 46.75% 52.73% 47.53%
Gross Profit Margin 75.06% 74.96% 72.64%
Selling, General & Admin $28.32M $29.36M $29.90M
YoY Change 45.21% 69.88% 75.88%
% of Gross Profit 101.25% 112.56% 125.1%
Research & Development $12.93M $12.34M $13.90M
YoY Change 59.05% 92.42% 113.85%
% of Gross Profit 46.23% 47.32% 58.16%
Depreciation & Amortization $1.100M $1.711M $1.650M
YoY Change 10.0% 50.88% 50.0%
% of Gross Profit 3.93% 6.56% 6.9%
Operating Expenses $41.26M $41.70M $44.70M
YoY Change 49.28% 75.98% 83.95%
Operating Profit -$13.28M -$15.62M -$20.80M
YoY Change 54.92% 136.01% 156.79%
Interest Expense $26.00K -$15.00K -$100.0K
YoY Change -103.53% -97.81% -87.5%
% of Operating Profit
Other Income/Expense, Net -$48.00K $196.0K
YoY Change -129.45% -164.26%
Pretax Income -$13.30M -$15.44M -$21.00M
YoY Change 45.44% 102.92% 135.96%
Income Tax $149.0K $142.0K $100.0K
% Of Pretax Income
Net Earnings -$13.45M -$15.58M -$21.10M
YoY Change 45.52% 102.81% 134.44%
Net Earnings / Revenue -36.1% -44.78% -64.13%
Basic Earnings Per Share
Diluted Earnings Per Share -$328.5K -$385.2K -$523.6K
COMMON SHARES
Basic Shares Outstanding 41.94M shares 41.61M shares 41.59M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2016 Q2 2016 Q1 2015 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $84.80M $83.50M $86.60M
YoY Change 214.07% 150.75%
Cash & Equivalents $84.76M $83.51M $86.55M
Short-Term Investments
Other Short-Term Assets $7.200M $6.600M $6.100M
YoY Change 14.29% 32.0%
Inventory
Prepaid Expenses
Receivables $38.70M $29.80M $44.20M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $130.6M $119.9M $136.9M
YoY Change 118.91% 101.92% 105.99%
LONG-TERM ASSETS
Property, Plant & Equipment $7.386M $7.611M $7.532M
YoY Change -2.91% 0.14% -4.92%
Goodwill $75.05M $74.94M $74.57M
YoY Change 376.25% 561.92%
Intangibles $10.80M $11.39M
YoY Change 884.86%
Long-Term Investments
YoY Change
Other Assets $600.0K $500.0K $200.0K
YoY Change -14.29% 150.0%
Total Long-Term Assets $93.25M $93.84M $93.70M
YoY Change 247.77% 369.19% 356.56%
TOTAL ASSETS
Total Short-Term Assets $130.6M $119.9M $136.9M
Total Long-Term Assets $93.25M $93.84M $93.70M
Total Assets $223.9M $213.8M $230.6M
YoY Change 158.87% 169.24% 165.12%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.200M $1.657M $2.038M
YoY Change 40.47% -42.86% -42.36%
Accrued Expenses $19.80M $14.42M $24.71M
YoY Change 55.1% 80.3% 107.5%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $124.4M $106.9M $115.8M
YoY Change 43.39% 44.5% 55.92%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% -100.0%
Other Long-Term Liabilities $2.939M $4.460M $4.319M
YoY Change -41.8% -86.11% 2.39%
Total Long-Term Liabilities $2.939M $4.460M $4.319M
YoY Change -83.87% -90.59% -79.52%
TOTAL LIABILITIES
Total Short-Term Liabilities $124.4M $106.9M $115.8M
Total Long-Term Liabilities $2.939M $4.460M $4.319M
Total Liabilities $172.7M $153.2M $162.5M
YoY Change 26.57% 26.27% 32.93%
SHAREHOLDERS EQUITY
Retained Earnings -$369.4M -$355.9M -$340.3M
YoY Change 25.96% 39.79%
Common Stock $421.0K $419.0K $415.0K
YoY Change 218.94% 229.37%
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.154M $3.526M $3.526M
YoY Change 17.81% 0.0%
Treasury Stock Shares 448.6K shares 401.6K shares 401.6K shares
Shareholders Equity $51.15M $60.62M $68.08M
YoY Change
Total Liabilities & Shareholders Equity $223.9M $213.8M $230.6M
YoY Change 158.87% 169.24% 165.12%

Cashflow Statement

Concept 2016 Q2 2016 Q1 2015 Q4
OPERATING ACTIVITIES
Net Income -$13.45M -$15.58M -$21.10M
YoY Change 45.52% 102.81% 134.44%
Depreciation, Depletion And Amortization $1.100M $1.711M $1.650M
YoY Change 10.0% 50.88% 50.0%
Cash From Operating Activities $1.860M -$1.590M $70.00K
YoY Change -250.0% -47.18% -96.5%
INVESTING ACTIVITIES
Capital Expenditures -$750.0K $1.092M -$1.300M
YoY Change 19.05% 90.58% 42.86%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$35.47M
YoY Change -100.0%
Cash From Investing Activities -$750.0K -$1.090M -$36.77M
YoY Change -81.11% 91.23% 3940.66%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 210.0K -510.0K -670.0K
YoY Change -116.28% -245.71% -102.44%
NET CHANGE
Cash From Operating Activities 1.860M -1.590M 70.00K
Cash From Investing Activities -750.0K -1.090M -36.77M
Cash From Financing Activities 210.0K -510.0K -670.0K
Net Change In Cash 1.320M -3.190M -37.37M
YoY Change -120.31% -1.24% -230.76%
FREE CASH FLOW
Cash From Operating Activities $1.860M -$1.590M $70.00K
Capital Expenditures -$750.0K $1.092M -$1.300M
Free Cash Flow $2.610M -$2.682M $1.370M
YoY Change -527.87% -25.15% -52.92%

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CY2016Q1 dei Document Period End Date
DocumentPeriodEndDate
2016-03-31
CY2016Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
122284 shares
CY2016Q1 dei Trading Symbol
TradingSymbol
RPD
CY2016Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
40547669 shares
CY2016Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-14048000
CY2016Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
223000
CY2016Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-15438000
CY2016Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1092000
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
-15580000
CY2016Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3087000
CY2016Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-15580000
CY2016Q1 us-gaap Sales Revenue Net
SalesRevenueNet
34796000
CY2016Q1 us-gaap Revenues
Revenues
34796000
CY2016Q1 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-15000
CY2016Q1 us-gaap Interest Paid
InterestPaid
1000
CY2016Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
716000
CY2016Q1 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
6270000
CY2016Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-15619000
CY2016Q1 us-gaap Gross Profit
GrossProfit
26084000
CY2016Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
196000
CY2016Q1 us-gaap Maintenance Revenue
MaintenanceRevenue
8381000
CY2016Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
274000
CY2016Q1 us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
68000
CY2016Q1 us-gaap Cash Period Increase Decrease
CashPeriodIncreaseDecrease
-3045000
CY2016Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
142000
CY2016Q1 us-gaap Share Based Compensation
ShareBasedCompensation
5519000
CY2016Q1 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
1540000
CY2016Q1 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
22768000
CY2016Q1 us-gaap Operating Expenses
OperatingExpenses
41703000
CY2016Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-1092000
CY2016Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-512000
CY2016Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
12342000
CY2016Q1 us-gaap Cost Of Services
CostOfServices
4433000
CY2016Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-7427000
CY2016Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-166000
CY2016Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
547000
CY2016Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5519000
CY2016Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6593000
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
0
CY2016Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
600000
CY2016Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-500000
CY2016Q1 us-gaap Paid In Kind Interest
PaidInKindInterest
78000
CY2016Q1 us-gaap Cost Of Services Maintenance Costs
CostOfServicesMaintenanceCosts
1681000
CY2016Q1 us-gaap Effect Of Exchange Rate On Cash Continuing Operations
EffectOfExchangeRateOnCashContinuingOperations
151000
CY2016Q1 us-gaap Depreciation
Depreciation
1100000
CY2016Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1711000
CY2016Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
124000
CY2016Q1 us-gaap Cost Of Revenue
CostOfRevenue
8712000
CY2016Q1 rpd Proceeds From Issuance Of Employee Stock Purchase Plan
ProceedsFromIssuanceOfEmployeeStockPurchasePlan
2096000
CY2016Q1 rpd Product Revenue
ProductRevenue
20145000
CY2016Q1 rpd Cost Of Revenue Product
CostOfRevenueProduct
2598000
CY2016Q1 rpd Employee Stock Purchase Plan Purchase Price As Percentage Of Market Value
EmployeeStockPurchasePlanPurchasePriceAsPercentageOfMarketValue
0.85 pure

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0001193125-16-587952.txt Edgar Link pending
0001193125-16-587952-xbrl.zip Edgar Link pending
d132767d10q.htm Edgar Link pending
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