Filing Flows › Rubrik (RBRK) › Q3 FY26
Rubrik (RBRK) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Dec 8, 2025
Rubrik (RBRK) reported revenue of $350M for the third quarter fiscal 2026 (Q3 FY26), +48% from a year earlier and +13% from the quarter before. Operating margin was -21.6%, net loss $63.8M (18.2% of revenue).
Rubrik, Q3 FY26: revenue $350M (+48% year over year), operating margin -21.6%, net loss $63.8M, operating cash flow $85.5M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $350M | +13% | +48% |
| Operating profit | −$75.5M | — | — |
| Net earnings | −$63.8M | — | — |
| Operating cash flow | $85.5M | +32% | +270% |
| Free cash flow | $76.9M | — | +394% |
What changed
Revenue was $350.2M in Q3 FY26, up 48% year over year and up 13% from the previous quarter. Subscription was the largest line at 96% of revenue. Subscription added $114.9M year over year (up 52%), 101% of the total change. Maintenance declined 65%.
Gross margin was 80.5%, up 4.3 points from a year earlier. Operating costs exceeded revenue by $75.5M, an operating margin of -21.6%. Operating expenses grew 17% against revenue growth of 48%. The fastest-growing cost line was Research & development (+22%). The quarter ended with a net loss of $63.8M, narrower than the previous quarter's $95.9M loss. Non-operating items added $14.5M, -24% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $85.5M (up 270% year over year). Non-cash charges added back $9.9M of depreciation and amortization and $82.5M of share-based compensation. Working capital and other items added $56.9M. After purchases of property and equipment ($4.7M) and capitalized internal-use software ($3.9M), free cash flow as the company reports it was $76.9M.
Questions
What was Rubrik's revenue in the third quarter fiscal 2026?
Rubrik (RBRK) reported revenue of $350M for the third quarter fiscal 2026 (Q3 FY26), +48% from a year earlier and +13% from the quarter before.
Was Rubrik profitable in the third quarter fiscal 2026?
Operating loss was $75.5M (-21.6% of revenue) and net loss $63.8M.
Source: Rubrik 10-Q on SEC EDGAR.