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Provides enterprise data backup and cyber-resilience software that helps organizations recover data after ransomware attacks.
Provides enterprise data backup and cyber-resilience software that helps organizations recover data after ransomware attacks.
Sells subscriptions to its backup and recovery software, priced by the data or workloads protected, so renewals and added modules are the main source of growth. It moved customers off one-time licences to subscriptions, and Microsoft is both an investor and a partner. It listed in 2024.
Moat: narrow (switching costs, installed base, IP / patents). Backup/recovery systems are deeply embedded in customer IT infrastructure, making migration disruptive and risky.
Headquarters: Palo Alto, California, US · Founded: 2014 · Employees: 3,797
Size Rubrik (RBRK) is a United States Information Technology company (Information Technology Services) with a market value of $21.9B, the 469th largest of 3,117 United States companies the cockpit tracks. Shares closed at $105.75 on 6 Nov 2026.
Performance Over six months the shares gained 69.6%, against +26.3% for the median peer and -1.1% for the United States market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue grew 42.5% over the last twelve months (peer median +10.5%); the operating margin is -18.3% (peer median 10.9%).
Valuation It trades at 215.0× forward earnings against a peer median of 19.0× (most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 36% a year for seven years (Req g). Recent delivered growth is +28%, so the hurdle is +8 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Backlog Backlog (remaining performance obligations) was $2.62B at 31 Jul 2026, up 30% on a year earlier — 1.7 years of trailing revenue. Backlog detail →
Credit Rubrik has 1 bond outstanding ($1.15B).
Short interest Short interest is 7.9% of the free float (15 Oct 2026).
Next results Next results expected around 3 Dec 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.54B | $1.32B | $887M | $628M | $600M |
| Revenue growth | — | +48% | +41% | +5% | — |
| Gross profit | $1.24B | $1.05B | $621M | $466M | $320M |
| EBITDA | -$237M | -$308M | -$1.11B | -$282M | -$158M |
| Net income | -$254M | -$349M | -$1.15B | -$354M | -$278M |
| Free cash flow | $287M | $238M | $21.4M | -$16.9M | -$5.73M |
| Capital expenditure | $50.8M | $45.1M | $26.6M | $20.0M | $34.3M |
| Total debt | $1.15B | $1.17B | $332M | $320M | $216M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Rubrik RBRK | $21.9B | +70% | +42% | -18% | 215.0× | 36.2% |
| Commvault Systems CVLT | $6.48B | +51% | +14% | 10% | 27.6× | 26.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | RBRK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -12.5% | +6.6% | 4th lowest of 21 |
| 6-month return | +69.6% | +26.3% | highest of 21 |
| Distance from 52-week high | -24.4% | -20.3% | 10th lowest of 21 |
| Revenue growth (TTM) | +42.5% | +10.5% | 2nd highest of 21 |
| Operating margin | -18.3% | 10.9% | lowest of 21 |
| Forward P/E | 215.0× | 19.0× | most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 36.2% | 5.0% | 3rd most demanding of 19 |
| Growth delivered (Del g) | +27.7% | +8.3% | 2nd highest of 19 |
| Hurdle (Req g minus delivered) | +8.5 pp | -1.9 pp | 4th most demanding of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Rubrik RBRK | United States | $21.9B | +70% | +42% | -18% | 215.0× | 36.2% | +27.7% |
| Credo Technology CRDO | United States | $22.7B | -36% | +165% | 32% | 16.5× | 47.4% | +86.8% |
| Wipro WIPRO.NS | India | $20.7B | 0% | +8% | 16% | 14.9× | 9.0% | +8.4% |
| Nomura Research Institute 4307.T | Japan | $20.2B | +40% | +8% | 19% | 26.4× | 0.7% | +8.2% |
| Capgemini CAP.PA | France | $24.1B | +31% | +6% | 11% | 10.4× | -0.1% | +7.2% |
| CDW CDW | United States | $19.6B | +51% | +11% | 7% | 12.9× | 2.6% | +4.0% |
| Tech Mahindra TECHM.NS | India | $19.0B | +26% | +14% | 14% | 23.9× | 20.3% | +8.5% |
| HP Inc. HPQ | United States | $25.7B | +27% | +9% | 7% | 9.5× | -7.0% | -0.4% |
| CGI GIB-A.TO | Canada | $17.2B | +27% | +6% | 17% | 12.2× | -12.0% | +5.5% |
| Cognizant CTSH | United States | $28.9B | +26% | +5% | -1% | 10.5× | 0.8% | +4.9% |
| OBIC 4684.T | Japan | $16.6B | +46% | +13% | 67% | 30.3× | 4.6% | +10.0% |
| CACI International CACI | United States | $13.6B | +27% | +10% | 10% | 17.6× | 7.3% | +9.6% |
| Fujitsu 6702.T | Japan | $35.4B | +1% | +4% | 10% | 18.0× | 4.1% | -0.5% |
| Bentley Systems BSY | United States | $13.5B | +36% | +13% | 24% | 31.4× | 22.8% | +13.4% |
| Guidewire Software GWRE | United States | $13.3B | +17% | +23% | 10% | 38.5× | 39.4% | +14.7% |
| Nec 6701.T | Japan | $36.3B | +5% | +7% | 12% | 18.6× | 5.5% | +3.7% |
| iflytek 002230.SZ | China | $13.2B | -20% | +11% | -4% | 106.3× | n/a | n/a |
| Samsung Sds 018260.KS | South Korea | $12.4B | +31% | +2% | 5% | 24.9× | 13.0% | +4.8% |
| Ruijie Networks 301165.SZ | China | $11.7B | +6% | +30% | 5% | 48.3× | n/a | n/a |
| HCL Technologies HCLTECH.NS | India | $41.4B | +22% | +13% | 18% | 19.5× | 11.8% | +11.5% |
| Indra Sistemas IDR.MC | Spain | $11.2B | +12% | +28% | 10% | 19.7× | 4.2% | +12.4% |
Rubrik has 1 bond outstanding with $1.15B face value.
Rubrik reported $2.62B of remaining performance obligations at 31 Jul 2026, up 30% from a year earlier and up 7% from the previous quarter. That is 1.7 years of trailing revenue already under contract. Book-to-bill last quarter: 1.42.