Rubrik stock popped after the data storage and security software firm reported a narrower-than-expected fourth quarter loss and revenue topped expectations. The company's fiscal 2026 outlook came in above expectations.
Rubrik reported earnings after the market close on Thursday. On the stock market today, Rubrik stock popped more than 19% to near 66 in early trading.
"The top-line outperformance was driven by consistent share gains in the data protection/cyber-resilience market, as Rubrik works to strategically align itself within CIO budgets through its best-in-class, security-centric platform," said William Blair analyst Jason Ader, in a report.
He added: "The upbeat guide was attributed to expected tailwinds from the continued cloud transition, with management calling out stronger seasonality in the back half of fiscal 2026 due to a shift from semi-annual to annual sales compensation plans."
In the quarter ending Jan. 31, lost 18 cents per share versus a $1.52 per share loss a year earlier. Wall Street analysts that follow Rubrik stock earlier estimated a loss of 39 cents per share.
Also, Rubrik said revenue rose 47% to $258.1 million, topping estimates of $233.1 million.
Rubrik sells a cloud-computing-based data backup and recovery platform aimed at protecting companies from ransomware attacks. About 85% of Rubrik's revenue comes from subscription software sales.
Rubrik Stock: ARR Key Metric
For Rubrik, Wall Street views subscription-based annual recurring revenue as a key financial metric.
In Q4, Rubrik reported subscription-based annual recurring revenue of $1.092 billion, up 39%, topping consensus of $1.059 billion.
For fiscal 2026, Rubrik forecast revenue in a range of $1.145 billion to $1.161 billion versus estimates of $1.106 billion. The company said it expects subscription ARR between $1.35 billion and $1.36 billion, topping estimates of $1.309 billion.
"We believe that demand is broad-based, helped by new logo growth, more large customers, and a strong product cross-sell motion," said Keith Bachman, analyst at BMO Capital Markets. "We expect strong new product momentum to continue into fiscal 2026."
Heading into the Rubrik earnings report, RBRK stock was down 14% in 2025.
Rubrik's initial public offering in late April raised over $750 million, with shares priced at 32.
Founded in 2014, Rubrik's investors include Microsoft.
Follow Reinhardt Krause on Twitter @reinhardtk_tech for updates on artificial intelligence, cybersecurity and cloud computing.
