Filing Flows › Technology › Rapid7 (RPD)
Rapid7 (RPD) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 4, 2026 · Rapid7 (RPD) Q3 2026 earnings results →
Q3 2026 Revenue down 2% year over year to $212M · 2¢ of every $1 of revenue kept as net profit · operating margin 4.2%
Rapid7 made $212M in Q3 2026 (-2% Y/Y): Product subscriptions $206M, Professional services $6.3M. Operating margin 4.2%, net earnings $3.5M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 2026.
Drawing the Sankey…
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What changed this quarter
Revenue was $212.4M in Q3 2026, down 3% year over year and up 1% from the previous quarter. Product subscriptions was the largest line at 97% of revenue. Product subscriptions lost $4.1M year over year (down 2%), 73% of the total change.
Gross margin was 69.6%, down 0.6 points from Q3 2025. Operating profit was $8.9M, a 4.2% margin (up 1.5 points year over year). Operating expenses fell 6% while revenue fell 3%. The fastest-growing cost line was General & admin (+13%). Net earnings were $3.5M, down 64% year over year. The effective tax rate was 46.6%.
Operating cash flow was $30.1M (down 23% year over year), 858% of net earnings. Non-cash charges added back $10.5M of depreciation and amortization and $23.2M of share-based compensation. Working capital and other items used $7.1M. After capitalized internal-use software costs ($3.4M) and purchases of property and equipment ($213K), free cash flow as the company reports it was $26.5M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 4, 2026 | $212M | -2% | 4.2% | $3.5M | $30.1M |
| Q2 2026 | 10-Q | Aug 10, 2026 | $211M | -2% | 1.4% | $6.1M | $37.0M |
| Q1 2026 | 10-Q | May 5, 2026 | $210M | -0.3% | -0.3% | $1.1M | $39.8M |
| Q4 2025 | 10-K | Feb 19, 2026 | $217M | +0.5% | 1.0% | $3.1M | $37.6M |
| Q3 2025 | 10-Q | Nov 5, 2025 | $218M | +2% | 2.7% | $9.8M | $39.0M |
| Q2 2025 | 10-Q | Aug 8, 2025 | $214M | +3% | 1.6% | $8.3M | $47.5M |
| Q1 2025 | 10-Q | May 12, 2025 | $210M | +2% | 0.0% | $2.1M | $29.8M |
Charts
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Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Rapid7
Rapid7 is a global cybersecurity operations software and service provider on a mission to create a safer digital world by making cybersecurity simpler and more accessible. For twenty-five years, Rapid7 has partnered with customers across the globe representing a diverse range of industries and sizes to improve the efficacy and productivity of their security operations (“SecOps”). In today's rapidly evolving IT environment, customers are encountering escalating challenges due to the widening spectrum of attackers and techniques, including the proliferation of cyberattacks leveraging AI. We empower security professionals to manage a modern attack surface through our best-in-class AI-driven technology, leading-edge research, and broad, strategic expertise.
In its own words, from its 10-K, filed Feb 19, 2026.
Rapid7 against its Services-Prepackaged Software peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -2% against the peers' median +14%. Operating margin: 4.2% against the peers' median 15.2%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| RPD Rapid7 | Q3 2026 | $212M | -2% | 4.2% |
| MSFT Microsoft | Q1 FY27 | $92.3B | +19% | 49.8% |
| ORCL Oracle | Q1 FY27 | $19.3B | +30% | 34.8% |
| CRM Salesforce | Q2 FY27 | $11.3B | +11% | 20.5% |
| ADBE Adobe | Q3 FY26 | $6.8B | +13% | 34.8% |
| XYZ Block | Q3 2026 | $6.7B | +10% | 6.4% |
| INTU Intuit | Q4 FY26 | $4.4B | +14% | 10.9% |
| NOW ServiceNow | Q3 2026 | $4.1B | +20% | 9.4% |
| SHOP Shopify | Q3 2026 | $3.7B | +32% | 15.2% |
Source: Rapid7 10-Q on SEC EDGAR · CIK 1560327 · Services-Prepackaged Software
Guidance and outlook
13F: who owns RPD and who is buying
More on RPD
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results