Filing Flows › Rubrik (RBRK) › Q1 FY27
Rubrik (RBRK) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Jun 5, 2026
Rubrik (RBRK) reported revenue of $387M for the first quarter fiscal 2027 (Q1 FY27), +39% from a year earlier and +2% from the quarter before. Operating margin was -13.6%, net loss $41.9M (10.8% of revenue).
Rubrik, Q1 FY27: revenue $387M (+39% year over year), operating margin -13.6%, net loss $41.9M, operating cash flow $81.7M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $387M | +2% | +39% |
| Operating profit | −$52.6M | — | — |
| Net earnings | −$41.9M | — | — |
| Operating cash flow | $81.7M | -12% | +106% |
| Free cash flow | $73.6M | — | — |
What changed
Revenue was $387.1M in Q1 FY27, up 39% year over year and up 2% from the previous quarter. Subscription was the largest line at 97% of revenue. Subscription added $108.5M year over year (up 41%), 100% of the total change.
Gross margin was 80.5%, up 2.3 points from Q1 FY26. Operating costs exceeded revenue by $52.6M, an operating margin of -13.6%. Operating expenses grew 17% against revenue growth of 39%. The fastest-growing cost line was Research & development (+40%). The quarter ended with a net loss of $41.9M, narrower than the previous quarter's $87.0M loss. Non-operating items added $15.4M, -41% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $81.7M (up 106% year over year). Non-cash charges added back $12.1M of depreciation and amortization and $73.4M of share-based compensation. Working capital and other items added $38.1M. After purchases of property and equipment ($4.3M) and capitalized internal-use software ($3.8M), free cash flow as the company reports it was $73.6M.
Questions
What was Rubrik's revenue in the first quarter fiscal 2027?
Rubrik (RBRK) reported revenue of $387M for the first quarter fiscal 2027 (Q1 FY27), +39% from a year earlier and +2% from the quarter before.
Was Rubrik profitable in the first quarter fiscal 2027?
Operating loss was $52.6M (-13.6% of revenue) and net loss $41.9M.
Source: Rubrik 10-Q on SEC EDGAR.