Filing Flows › Rapid7 (RPD) › Q2 2026
Rapid7 (RPD) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 10, 2026
Rapid7 (RPD) reported revenue of $211M for the second quarter 2026 (Q2 2026), -2% from a year earlier and +0.6% from the quarter before. Operating margin was 1.4%, net earnings $6.1M (2.9% of revenue).
Rapid7, Q2 2026: revenue $211M (-2% year over year), operating margin 1.4%, net earnings $6.1M, operating cash flow $37.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $211M | +0.6% | -2% |
| Gross profit | $145M | +0.3% | -4% |
| Operating profit | $3.0M | — | -14% |
| Net earnings | $6.1M | +437% | -27% |
| Operating cash flow | $37.0M | -7% | -22% |
| Free cash flow | $31.9M | — | -24% |
What changed
Revenue was $210.9M in Q2 2026, down 2% year over year and up 1% from the previous quarter. Product subscriptions was the largest line at 97% of revenue. Product subscriptions lost $3.0M year over year (down 1%), 92% of the total change.
Gross margin was 68.9%, down 1.6 points from Q2 2025. Operating profit was $3.0M, a 1.4% margin (down 0.2 points year over year). Operating expenses fell 4% while revenue fell 2%. Net earnings were $6.1M, down 27% year over year. The effective tax rate was -3.6%. Non-operating items added $2.8M, 49% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $37.0M (down 22% year over year), 609% of net earnings. Non-cash charges added back $11.2M of depreciation and amortization and $19.8M of share-based compensation. After capitalized internal-use software costs ($3.9M) and purchases of property and equipment ($1.2M), free cash flow as the company reports it was $31.9M.
Questions
What was Rapid7's revenue in the second quarter 2026?
Rapid7 (RPD) reported revenue of $211M for the second quarter 2026 (Q2 2026), -2% from a year earlier and +0.6% from the quarter before.
Was Rapid7 profitable in the second quarter 2026?
Operating profit was $3.0M (1.4% of revenue) and net earnings $6.1M.
Source: Rapid7 10-Q on SEC EDGAR.