Filing Flows › Rapid7 (RPD) › Q3 2026 › vs Q2 2026
Rapid7 (RPD) Q3 2026 vs Q2 2026 (quarter over quarter)
Rapid7's revenue rose $1.5M (+0.7%) from $211M in Q2 2026 to $212M in Q3 2026. The biggest changes: Product subscriptions +$1.0M (+0.5%); Professional services +$486K (+8%). Gross margin 69.6% against 68.9% (+0.7 pts).
Rapid7, Q3 2026: revenue $212M (-2% year over year), operating margin 4.2%, net earnings $3.5M, operating cash flow $30.1M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 69.6% | 68.9% | +0.7 pts |
| Operating margin | 4.2% | 1.4% | +2.8 pts |
| Net margin | 1.7% | 2.9% | -1.2 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Product subscriptions | $206M | $205M | $1.0M | +0.5% |
| Professional services | $6.3M | $5.8M | $486K | +8% |
| Revenue | $212M | $211M | $1.5M | +0.7% |
| Gross profit | $148M | $145M | $2.5M | +2% |
| Cost of revenue | $64.6M | $65.5M | −$992K | -2% |
| Operating profit | $8.9M | $3.0M | $5.9M | +196% |
| Operating expenses | $139M | $142M | −$3.4M | -2% |
| Pre-tax earnings | $6.6M | $5.9M | $708K | +12% |
| Other expense, net | $2.4M | −$2.8M | $5.2M | — |
| Research & development | $39.6M | $47.1M | −$7.4M | -16% |
| Sales & marketing | $65.6M | $76.2M | −$10.5M | -14% |
| General & admin | $23.6M | $17.4M | $6.2M | +36% |
| Other operating costs | $10.0M | $1.7M | $8.3M | +496% |
| Net earnings | $3.5M | $6.1M | −$2.6M | -42% |
| Income tax | $3.1M | −$210K | $3.3M | — |
| Operating cash sources | $37.2M | $37.1M | $83K | +0.2% |
| Depreciation & amortization | $10.5M | $11.2M | −$776K | -7% |
| Share-based compensation | $23.2M | $19.8M | $3.4M | +17% |
| Working capital & other | $7.1M | $141K | $7.0M | 50× |
| Operating cash flow | $30.1M | $37.0M | −$6.9M | -19% |
Questions
How much did Rapid7's revenue grow quarter over quarter in Q3 2026?
Rapid7's revenue rose $1.5M (+0.7%) from $211M in Q2 2026 to $212M in Q3 2026.
What drove Rapid7's revenue change in Q3 2026?
Product subscriptions +$1.0M (+0.5%); Professional services +$486K (+8%).