Filing Flows › Rubrik (RBRK) › Q2 FY26
Rubrik (RBRK) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Sep 10, 2025
Rubrik (RBRK) reported revenue of $310M for the second quarter fiscal 2026 (Q2 FY26), +51% from a year earlier and +11% from the quarter before. Operating margin was -30.5%, net loss $95.9M (31.0% of revenue).
Rubrik, Q2 FY26: revenue $310M (+51% year over year), operating margin -30.5%, net loss $95.9M, operating cash flow $64.7M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $310M | +11% | +51% |
| Operating profit | −$94.5M | — | — |
| Net earnings | −$95.9M | — | — |
| Operating cash flow | $64.7M | +63% | — |
| Free cash flow | $57.5M | — | — |
What changed
Revenue was $309.9M in Q2 FY26, up 51% year over year and up 11% from the previous quarter. Subscription was the largest line at 96% of revenue. Subscription added $105.6M year over year (up 55%), 101% of the total change. Maintenance declined 61%.
Gross margin was 79.5%, up 6.4 points from a year earlier. Operating costs exceeded revenue by $94.5M, an operating margin of -30.5%. Operating expenses grew 7% against revenue growth of 51%. The quarter ended with a net loss of $95.9M, narrower than the previous quarter's $102.1M loss.
Operating cash flow was $64.7M. Non-cash charges added back $8.4M of depreciation and amortization and $88.5M of share-based compensation. Working capital and other items added $63.8M. After capitalized internal-use software ($3.7M) and purchases of property and equipment ($3.5M), free cash flow as the company reports it was $57.5M.
Questions
What was Rubrik's revenue in the second quarter fiscal 2026?
Rubrik (RBRK) reported revenue of $310M for the second quarter fiscal 2026 (Q2 FY26), +51% from a year earlier and +11% from the quarter before.
Was Rubrik profitable in the second quarter fiscal 2026?
Operating loss was $94.5M (-30.5% of revenue) and net loss $95.9M.
Source: Rubrik 10-Q on SEC EDGAR.