$RPD
Rapid7, Inc.

2016 Q4 Form 10-Q Financial Statement

#000119312516765263 Filed on November 10, 2016

View on sec.gov

Income Statement

Concept 2016 Q4 2016 Q3 2015 Q3
Revenue $45.00M $40.34M $28.31M
YoY Change 36.78% 42.48% 39.27%
Cost Of Revenue $11.70M $10.04M $7.063M
YoY Change 30.0% 42.12% 51.7%
Gross Profit $33.40M $30.30M $21.25M
YoY Change 39.75% 42.6% 35.58%
Gross Profit Margin 74.22% 75.12% 75.05%
Selling, General & Admin $31.70M $28.89M $21.80M
YoY Change 6.02% 32.51% 42.58%
% of Gross Profit 94.91% 95.34% 102.6%
Research & Development $10.90M $11.62M $9.945M
YoY Change -21.58% 16.8% 57.11%
% of Gross Profit 32.63% 38.34% 46.8%
Depreciation & Amortization $1.400M $1.100M $1.100M
YoY Change -15.15% 0.0% 37.5%
% of Gross Profit 4.19% 3.63% 5.18%
Operating Expenses $43.30M $40.51M $31.75M
YoY Change -3.13% 27.59% 46.83%
Operating Profit -$9.900M -$10.20M -$10.50M
YoY Change -52.4% -2.8% 76.5%
Interest Expense -$200.0K $44.00K -$1.067M
YoY Change 100.0% -104.12% 51.78%
% of Operating Profit
Other Income/Expense, Net $36.00K -$49.00K
YoY Change -173.47% -78.41%
Pretax Income -$10.20M -$10.12M -$11.61M
YoY Change -51.43% -12.83% 68.86%
Income Tax -$400.0K $70.00K $211.0K
% Of Pretax Income
Net Earnings -$9.800M -$10.19M -$11.83M
YoY Change -53.55% -13.79% 69.73%
Net Earnings / Revenue -21.78% -25.27% -41.77%
Basic Earnings Per Share -$0.79
Diluted Earnings Per Share -$233.9K -$245.8K -$0.79
COMMON SHARES
Basic Shares Outstanding 42.50M shares 42.07M shares 33.02M shares
Diluted Shares Outstanding 33.02M shares

Balance Sheet

Concept 2016 Q4 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $71.90M $87.70M $124.0M
YoY Change -16.97% -29.27%
Cash & Equivalents $53.15M $87.72M $124.0M
Short-Term Investments $18.80M
Other Short-Term Assets $9.200M $6.700M $4.200M
YoY Change 50.82% 59.52%
Inventory
Prepaid Expenses
Receivables $49.20M $38.30M $32.00M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $130.2M $132.7M $160.1M
YoY Change -4.85% -17.12%
LONG-TERM ASSETS
Property, Plant & Equipment $8.088M $8.009M $7.356M
YoY Change 7.38% 8.88%
Goodwill $75.11M $75.11M $15.85M
YoY Change 0.73% 373.97%
Intangibles $8.946M $2.482M
YoY Change -21.42%
Long-Term Investments $20.20M
YoY Change
Other Assets $800.0K $800.0K $700.0K
YoY Change 300.0% 14.29%
Total Long-Term Assets $113.1M $93.33M $26.42M
YoY Change 20.68% 253.25%
TOTAL ASSETS
Total Short-Term Assets $130.2M $132.7M $160.1M
Total Long-Term Assets $113.1M $93.33M $26.42M
Total Assets $243.3M $226.0M $186.5M
YoY Change 5.53% 21.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.012M $2.675M $2.868M
YoY Change 96.86% -6.73%
Accrued Expenses $23.50M $22.23M $15.73M
YoY Change -4.89% 41.34%
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 $145.6M $130.9M $93.97M
YoY Change 25.78% 39.32%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $3.496M $2.872M $4.305M
YoY Change -19.06% -33.29%
Total Long-Term Liabilities $3.496M $2.872M $4.305M
YoY Change -19.06% -33.29%
TOTAL LIABILITIES
Total Short-Term Liabilities $145.6M $130.9M $93.97M
Total Long-Term Liabilities $3.496M $2.872M $4.305M
Total Liabilities $201.3M $178.4M $134.1M
YoY Change 23.87% 33.05%
SHAREHOLDERS EQUITY
Retained Earnings -$389.3M -$379.6M -$319.2M
YoY Change 14.4% 18.9%
Common Stock $426.0K $425.0K $394.0K
YoY Change 2.65% 7.87%
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.391M $4.154M $3.526M
YoY Change 24.53% 17.81%
Treasury Stock Shares 464.1K shares 448.6K shares 401.6K shares
Shareholders Equity $42.04M $47.65M $52.46M
YoY Change
Total Liabilities & Shareholders Equity $243.3M $226.0M $186.5M
YoY Change 5.53% 21.17%

Cashflow Statement

Concept 2016 Q4 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income -$9.800M -$10.19M -$11.83M
YoY Change -53.55% -13.79% 69.73%
Depreciation, Depletion And Amortization $1.400M $1.100M $1.100M
YoY Change -15.15% 0.0% 37.5%
Cash From Operating Activities $7.050M $1.790M $2.270M
YoY Change 9971.43% -21.15% -341.49%
INVESTING ACTIVITIES
Capital Expenditures -$1.190M -$1.470M -$1.640M
YoY Change -8.46% -10.37% 485.71%
Acquisitions
YoY Change
Other Investing Activities -$38.98M $0.00 $0.00
YoY Change 9.9%
Cash From Investing Activities -$40.17M -$1.470M -$1.640M
YoY Change 9.25% -10.37% 485.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.190M 2.650M 96.40M
YoY Change 77.61% -97.25% -482100.0%
NET CHANGE
Cash From Operating Activities 7.050M 1.790M 2.270M
Cash From Investing Activities -40.17M -1.470M -1.640M
Cash From Financing Activities -1.190M 2.650M 96.40M
Net Change In Cash -34.31M 2.970M 97.03M
YoY Change -8.19% -96.94% -7925.0%
FREE CASH FLOW
Cash From Operating Activities $7.050M $1.790M $2.270M
Capital Expenditures -$1.190M -$1.470M -$1.640M
Free Cash Flow $8.240M $3.260M $3.910M
YoY Change 501.46% -16.62% -692.42%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2016Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
15050000
CY2016Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
42480491 shares
CY2016Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
42929120 shares
CY2016Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
42495607 shares
CY2015Q2 us-gaap Due From Employees Noncurrent
DueFromEmployeesNoncurrent
500000
CY2015Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
123984000
CY2016Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
12790000
CY2016Q3 us-gaap Accounts Receivable Net
AccountsReceivableNet
38286000
CY2016Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2016Q3 us-gaap Assets
Assets
226035000
CY2016Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1886000
CY2016Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1930000
CY2016Q3 us-gaap Assets Current
AssetsCurrent
132706000
CY2016Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2016Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
87715000
CY2016Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1859000
CY2016Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
958000
CY2016Q3 us-gaap Common Stock Value
CommonStockValue
425000
CY2016Q3 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
44601000
CY2016Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
504000
CY2016Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
22226000
CY2016Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2016Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
33624000
CY2016Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
4174837 shares
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
7.51
CY2016Q3 us-gaap Other Assets
OtherAssets
760000
CY2016Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
3340000
CY2016Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
1352000
CY2016Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
2675000
CY2016Q3 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
104663000
CY2016Q3 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
1434000
CY2016Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
1837000
CY2016Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
430939000
CY2016Q3 us-gaap Liabilities
Liabilities
178389000
CY2016Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
226035000
CY2016Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
9450000
CY2016Q3 us-gaap Goodwill
Goodwill
75110000
CY2016Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
2872000
CY2016Q3 us-gaap Liabilities Current
LiabilitiesCurrent
130916000
CY2016Q3 us-gaap Preferred Stock Value
PreferredStockValue
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
44403000
CY2016Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
8009000
CY2016Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
23059000
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
5.35
CY2016Q3 us-gaap Stockholders Equity
StockholdersEquity
47646000
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
7.89
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
2725099 shares
CY2016Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-379564000
CY2016Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
448629 shares
CY2016Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
6705000
CY2016Q3 us-gaap Treasury Stock Value
TreasuryStockValue
4154000
CY2016Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
42556000
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
4520062 shares
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
36823000
CY2015Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
15110000
CY2015Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
44164000
CY2015Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2015Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
11678000
CY2015Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
41540400 shares
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
86553000
CY2015Q4 us-gaap Liabilities Current
LiabilitiesCurrent
115767000
CY2015Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
7532000
CY2015Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
19210000
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
68075000
CY2015Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
41942026 shares
CY2015Q4 us-gaap Assets
Assets
230561000
CY2015Q4 us-gaap Assets Current
AssetsCurrent
136865000
CY2015Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2015Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
730000
CY2015Q4 us-gaap Common Stock Value
CommonStockValue
415000
CY2015Q4 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
42400000
CY2015Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
2038000
CY2015Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
87917000
CY2015Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
411524000
CY2015Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
24707000
CY2015Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2015Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2015Q4 us-gaap Other Assets
OtherAssets
214000
CY2015Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
3725000
CY2015Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
1105000
CY2015Q4 us-gaap Liabilities
Liabilities
162486000
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
230561000
CY2015Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
11385000
CY2015Q4 us-gaap Goodwill
Goodwill
74565000
CY2015Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
4319000
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
5.99
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-340338000
CY2015Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
401626 shares
CY2015Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
6148000
CY2015Q4 us-gaap Treasury Stock Value
TreasuryStockValue
3526000
CY2015Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
4246525 shares
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
1129000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4633255 shares
us-gaap Cost Of Services Maintenance Costs
CostOfServicesMaintenanceCosts
4127000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
87161000
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-3.99
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-140000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2833000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
14638000
us-gaap Depreciation
Depreciation
2900000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3700000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
800000
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-90000
us-gaap Cost Of Services
CostOfServices
11766000
us-gaap Cost Of Revenue
CostOfRevenue
20282000
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-2489000
us-gaap Revenues
Revenues
77673000
us-gaap Interest Paid
InterestPaid
1424000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-191000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
1591000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-58000
us-gaap Gross Profit
GrossProfit
57391000
us-gaap Operating Expenses
OperatingExpenses
83080000
us-gaap Net Income Loss
NetIncomeLoss
-28751000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
576000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-28369000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-6183000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
6649000
us-gaap Maintenance Revenue
MaintenanceRevenue
19054000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
3344000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-1601000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
521000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-77973000
us-gaap Operating Income Loss
OperatingIncomeLoss
-25689000
us-gaap Paid In Kind Interest
PaidInKindInterest
130000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
95464000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
291000
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
25068000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
382000
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-1980000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2839000
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
483000
us-gaap Stock Issued1
StockIssued1
99000
us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
187000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
24490000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1275000
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
14095000
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
43952000
us-gaap Share Based Compensation
ShareBasedCompensation
2833000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
18540000
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
19544759 shares
rpd Initial Public Offering Cost Incurred But Not Yet Paid
InitialPublicOfferingCostIncurredButNotYetPaid
641000
rpd Proceeds From Issuance Of Initial Public Offering And Private Placement
ProceedsFromIssuanceOfInitialPublicOfferingAndPrivatePlacement
112916000
rpd Temporary Equity Increase Decrease To Redemption Value Adjustment
TemporaryEquityIncreaseDecreaseToRedemptionValueAdjustment
35061000
rpd Conversion Charge Relating To Ipo Participation Payment
ConversionChargeRelatingToIpoParticipationPayment
14161000
dei Entity Registrant Name
EntityRegistrantName
RAPID7, INC.
rpd Cost Of Revenue Product
CostOfRevenueProduct
4389000
rpd Product Revenue
ProductRevenue
44524000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
5888763 shares
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001560327
us-gaap Cost Of Services Maintenance Costs
CostOfServicesMaintenanceCosts
5240000
dei Document Period End Date
DocumentPeriodEndDate
2016-09-30
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
1162000
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.96
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
60000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
13337000
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2016
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
20842000
us-gaap Depreciation
Depreciation
3400000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
5330000
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1900000
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
166000
us-gaap Cost Of Services
CostOfServices
14103000
us-gaap Cost Of Revenue
CostOfRevenue
28043000
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
55000
us-gaap Revenues
Revenues
112403000
us-gaap Interest Paid
InterestPaid
1000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
184000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-1607000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
166000
us-gaap Gross Profit
GrossProfit
84360000
us-gaap Operating Expenses
OperatingExpenses
123464000
us-gaap Net Income Loss
NetIncomeLoss
-39226000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
504000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-38865000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-3307000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-5134000
us-gaap Maintenance Revenue
MaintenanceRevenue
27037000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
549000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1076000
us-gaap Operating Income Loss
OperatingIncomeLoss
-39104000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-39226000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
2348000
us-gaap Paid In Kind Interest
PaidInKindInterest
168000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P4Y
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
480000
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
18948000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3826000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
361000
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
2061000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3307000
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
576154 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y4M24D
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
13.12
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y6M
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
10.69
us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
68000
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
47003 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
4.29
dei Trading Symbol
TradingSymbol
RPD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
36890000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2518000
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
2456000
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
20657000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
5791000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1279034 shares
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
65732000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
429343 shares
us-gaap Share Based Compensation
ShareBasedCompensation
13337000
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
41033080 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P7Y3M18D
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 Segment
rpd Proceeds From Issuance Of Employee Stock Purchase Plan
ProceedsFromIssuanceOfEmployeeStockPurchasePlan
3724000
rpd Employee Stock Purchase Plan Purchase Price As Percentage Of Market Value
EmployeeStockPurchasePlanPurchasePriceAsPercentageOfMarketValue
0.85 pure
rpd Cost Of Revenue Product
CostOfRevenueProduct
8700000
rpd Product Revenue
ProductRevenue
64709000
CY2015Q2 us-gaap Related Party Transaction Rate
RelatedPartyTransactionRate
0.017 pure
CY2015Q2 rpd Related Party Transaction Maturity Period
RelatedPartyTransactionMaturityPeriod
P18M
CY2015Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4633255 shares
CY2015Q3 us-gaap Cost Of Services Maintenance Costs
CostOfServicesMaintenanceCosts
1505000
CY2015Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.79
CY2015Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1427000
CY2015Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
5537000
CY2015Q3 us-gaap Depreciation
Depreciation
1100000
CY2015Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
300000
CY2015Q3 us-gaap Cost Of Services
CostOfServices
4054000
CY2015Q3 us-gaap Cost Of Revenue
CostOfRevenue
7063000
CY2015Q3 us-gaap Gross Profit
GrossProfit
21249000
CY2015Q3 us-gaap Operating Expenses
OperatingExpenses
31747000
CY2015Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-49000
CY2015Q3 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-1067000
CY2015Q3 us-gaap Revenues
Revenues
28312000
CY2016Q3 us-gaap Cost Of Services Maintenance Costs
CostOfServicesMaintenanceCosts
1801000
CY2015Q3 rpd Conversion Charge Relating To Ipo Participation Payment
ConversionChargeRelatingToIpoParticipationPayment
14161000
CY2016Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
5888763 shares
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
-11825000
CY2015Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-11614000
CY2015Q3 us-gaap Maintenance Revenue
MaintenanceRevenue
7002000
CY2015Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-25986000
CY2015Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-10498000
CY2015Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
211000
CY2015Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
9945000
CY2015Q3 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
5070000
CY2015Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
16265000
CY2015Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
33020484 shares
CY2015Q3 rpd Cost Of Revenue Product
CostOfRevenueProduct
1504000
CY2015Q3 rpd Product Revenue
ProductRevenue
16240000
CY2016Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.25
CY2016Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4177000
CY2016Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
7605000
CY2016Q3 us-gaap Depreciation
Depreciation
1200000
CY2016Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
800000
CY2016Q3 us-gaap Cost Of Services
CostOfServices
4822000
CY2016Q3 us-gaap Cost Of Revenue
CostOfRevenue
10038000
CY2016Q3 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
44000
CY2016Q3 us-gaap Revenues
Revenues
40339000
CY2016Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
36000
CY2016Q3 us-gaap Gross Profit
GrossProfit
30301000
CY2016Q3 us-gaap Operating Expenses
OperatingExpenses
40505000
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
-10194000
CY2016Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-10124000
CY2016Q3 us-gaap Maintenance Revenue
MaintenanceRevenue
9694000
CY2016Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-10194000
CY2016Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-10204000
CY2016Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
70000
CY2016Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
11616000
CY2016Q3 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
7537000
CY2016Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
21284000
CY2016Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
41482173 shares
CY2016Q3 rpd Cost Of Revenue Product
CostOfRevenueProduct
3415000
CY2016Q3 rpd Product Revenue
ProductRevenue
23108000

Files In Submission

Name View Source Status
0001193125-16-765263-index-headers.html Edgar Link pending
0001193125-16-765263-index.html Edgar Link pending
0001193125-16-765263.txt Edgar Link pending
0001193125-16-765263-xbrl.zip Edgar Link pending
d231265d10q.htm Edgar Link pending
d231265dex311.htm Edgar Link pending
d231265dex312.htm Edgar Link pending
d231265dex321.htm Edgar Link pending
d231265dex322.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
rpd-20160930.xml Edgar Link completed
rpd-20160930.xsd Edgar Link pending
rpd-20160930_cal.xml Edgar Link unprocessable
rpd-20160930_def.xml Edgar Link unprocessable
rpd-20160930_lab.xml Edgar Link unprocessable
rpd-20160930_pre.xml Edgar Link unprocessable
Show.js Edgar Link pending