Filing Flows › Rubrik (RBRK) › Q1 FY26
Rubrik (RBRK) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Jun 9, 2025
Rubrik (RBRK) reported revenue of $278M for the first quarter fiscal 2026 (Q1 FY26), +49% from a year earlier and +8% from the quarter before. Operating margin was -33.4%, net loss $102M (36.7% of revenue).
Rubrik, Q1 FY26: revenue $278M (+49% year over year), operating margin -33.4%, net loss $102M, operating cash flow $39.7M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $278M | +8% | +49% |
| Operating profit | −$93.1M | — | — |
| Net earnings | −$102M | — | — |
| Operating cash flow | $39.7M | -53% | — |
| Free cash flow | $33.3M | — | — |
What changed
Revenue was $278.5M in Q1 FY26, up 49% year over year and up 8% from the previous quarter. Subscription was the largest line at 95% of revenue. Subscription added $93.5M year over year (up 54%), 103% of the total change. Maintenance declined 59%.
Gross margin was 78.3%, up 29.5 points from a year earlier. Operating costs exceeded revenue by $93.1M, an operating margin of -33.4%. Operating expenses fell 62% while revenue rose 49%. The quarter ended with a net loss of $102.1M, narrower than the previous quarter's $114.9M loss.
Operating cash flow was $39.7M. Non-cash charges added back $8.1M of depreciation and amortization and $73.5M of share-based compensation. Working capital and other items added $60.1M. After capitalized internal-use software ($3.5M) and purchases of property and equipment ($2.9M), free cash flow as the company reports it was $33.3M.
Questions
What was Rubrik's revenue in the first quarter fiscal 2026?
Rubrik (RBRK) reported revenue of $278M for the first quarter fiscal 2026 (Q1 FY26), +49% from a year earlier and +8% from the quarter before.
Was Rubrik profitable in the first quarter fiscal 2026?
Operating loss was $93.1M (-33.4% of revenue) and net loss $102M.
Source: Rubrik 10-Q on SEC EDGAR.