Rapid7, Inc. provides cybersecurity software and services under the Rapid7, Nexpose, and Metasploit brand names. It offers Rapid7 Agent, a software-based agent that is used on assets across on-premises and cloud environments to centralize and monitor data on company's platform; Rapid7 Network Sensor that analyzes raw end-to-end network traffic to increase visibility into user activity, pinpoint real threats, and investigations; Rapid7 Cloud Event Data Harvesting that offers visibility into changes made to cloud resources; and third-party integrations and ecosystem, as well as orchestration and automation solutions. It also offers various platforms, including Rapid7 managed threat complete consisting of managed detection response that delivers end-to-end threat detection and response; Incident Command, a security information and event management, and extended detection and response solution; Incident Response Services to prepare and respond to potential breaches; Threat Intelligence; Managed Digital Risk Protection; Exposure Command, an exposure management to provide attack surface visibility; and Command Essentials to provide strong security for workloads leveraging real-time visibility, identity analysis, and automated remediation. In addition, it provides Surface Command, a Cyber Asset Attack Service Management solution to detect and prioritize security issues from endpoint to cloud; Vector Command, a continuous red-teaming service that validates the external attack surface exposures and tests defenses; Rapid7 Cloud Security, a cloud risk and compliance management solution; Rapid7 Application Security, a dynamic application security testing tool; and Rapid7 Vulnerability Management, a vulnerability management solution that provides visibility across on-premise and remote endpoints for security. Further, it offers offloads day-to-day, advisory, and professional services. The company was incorporated in 2000 and is headquartered in Boston, Massachusetts.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $860M | $86M | $23M | $130M | 15.1% | 1.9% | -8.4% |
| 2024 | $844M | $97M | $26M | $154M | 144.1% | 8.5% | - |
| 2023 | $778M | $-43M | $-153M | $84M | 129.3% | 13.5% | - |
| 2022 | $685M | $-70M | $-125M | $41M | 103.9% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 685.08 | 777.71 | 844.01 | 859.79 |
| Cost Of Revenue | 214.35 | 232.05 | 251.03 | 255.04 |
| Gross Profit | 470.73 | 545.66 | 592.97 | 604.75 |
| Operating Expense | 582.35 | 576.94 | 557.94 | 593.19 |
| Operating Income | -111.61 | -31.28 | 35.03 | 11.57 |
| EBITDA | -70.28 | -42.69 | 97.31 | 86.05 |
| EBIT | -111.32 | -88.63 | 52.42 | 40.62 |
| Pretax Income | -122.31 | -153.33 | 41.45 | 30.18 |
| Tax Provision | 2.41 | -0.52 | 15.93 | 6.80 |
| Net Income | -124.72 | -152.81 | 25.53 | 23.38 |
| Net Income Common Stockholders | -124.72 | -152.81 | 25.53 | 23.38 |
| Total Expenses | 796.70 | 808.98 | 808.97 | 848.23 |
| Interest Expense | 10.98 | 64.70 | 10.96 | 10.44 |
| Interest Income | 1.81 | 10.18 | 21.06 | 23.02 |
| Research And Development | 189.97 | 177.94 | 173.13 | 190.66 |
| Selling General And Administration | 392.38 | 399 | 384.81 | 402.53 |
| Normalized EBITDA | -70.28 | 10.32 | 97.31 | 86.05 |
| Normalized Income | -124.72 | -99.96 | 25.53 | 23.38 |
| Basic EPS | -2.13 | -2.46 | 0.41 | 0.36 |
| Diluted EPS | -2.13 | -2.46 | 0.40 | 0.36 |
| Tax Effect Of Unusual Items | 0 | -0.16 | 0 | 0 |
| Tax Rate For Calcs | 0.21 | 0 | 0.38 | 0.23 |
| Total Unusual Items | 0 | -53.01 | 0 | 0 |
| Total Unusual Items Excluding Goodwill | 0 | -53.01 | 0 | 0 |
| Net Income From Continuing Operation Net Minority Interest | -124.72 | -152.81 | 25.53 | 23.38 |
| Reconciled Depreciation | 41.04 | 45.94 | 44.89 | 45.44 |
| Reconciled Cost Of Revenue | 214.35 | 232.05 | 251.03 | 255.04 |
| Net Interest Income | -9.17 | -54.52 | 10.10 | 12.58 |
| Net Income From Continuing And Discontinued Operation | -124.72 | -152.81 | 25.53 | 23.38 |
| Total Operating Income As Reported | -111.61 | -84.29 | 35.03 | 11.57 |
| Diluted Average Shares | 58.55 | 60.76 | 63.18 | 65 |
| Basic Average Shares | 58.55 | 60.76 | 62.61 | 64.73 |
| Diluted NI Availto Com Stockholders | -124.72 | -152.81 | 25.53 | 23.38 |
| Net Income Including Noncontrolling Interests | -124.72 | -152.81 | 25.53 | 23.38 |
| Net Income Continuous Operations | -124.72 | -152.81 | 25.53 | 23.38 |
| Other Income Expense | -1.52 | -67.53 | -3.68 | 6.03 |
| Other Non Operating Income Expenses | -1.52 | -14.52 | -3.68 | 6.03 |
| Special Income Charges | 0 | -53.01 | 0 | 0 |
| Impairment Of Capital Assets | 0 | 30.78 | 0 | 0 |
| Restructuring And Mergern Acquisition | 0 | 22.23 | 0 | 0 |
| Net Non Operating Interest Income Expense | -9.17 | -54.52 | 10.10 | 12.58 |
| Interest Expense Non Operating | 10.98 | 64.70 | 10.96 | 10.44 |
| Interest Income Non Operating | 1.81 | 10.18 | 21.06 | 23.02 |
| Selling And Marketing Expense | 307.41 | 313.66 | 298.81 | 317.67 |
| General And Administrative Expense | 84.97 | 85.34 | 86 | 84.86 |
| Other Gand A | 84.97 | 85.34 | 86 | 84.86 |
| Operating Revenue | 685.08 | 777.71 | 844.01 | 859.79 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Rapid7, Inc.this co. | RPD | $391M | 16.25β discount | 2.49 | 15.1% | 15.28 |
| PowerFleet, Inc. | AIOT | $409M | - | 0.84 | -11.4% | 8.19 |
| Digital Turbine, Inc. | APPS | $404M | - | 2.07 | -59.8% | 7.97 |
| Climb Global Solutions, Inc. | CLMB | $393M | 18.34 | 3.32 | 18.3% | 9.32 |
| Clearfield, Inc. | CLFD | $386M | 62.02 |
| 1.55 |
| -3.1% |
| 34.29 |
| Cerence Inc. | CRNC | $384M | 427.00 | 2.56 | -12.4% | 7.54 |
| Yext, Inc. | YEXT | $379M | 54.14 | 2.92 | 23.8% | 20.26 |
| IBEX Limited | IBEX | $376M | 9.28 | 2.43 | 27.4% | 5.70 |
| NVE Corporation | NVEC | $376M | 26.61 | 6.45 | 24.2% | 22.56 |
| Peer Median | - | 40.37 | 2.49 | 7.6% | 8.76 | |