Filing Flows › Rapid7 (RPD) › Q3 2026 › vs Q3 2025
Rapid7 (RPD) Q3 2026 vs Q3 2025 (year over year)
Rapid7's revenue fell $5.6M (-3%) from $218M in Q3 2025 to $212M in Q3 2026. The biggest changes: Product subscriptions −$4.1M (-2%); Professional services −$1.5M (-19%). Gross margin 69.6% against 70.2% (-0.6 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 69.6% | 70.2% | -0.6 pts |
| Operating margin | 4.2% | 2.7% | +1.5 pts |
| Net margin | 1.7% | 4.5% | -2.8 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Product subscriptions | $206M | $210M | −$4.1M | -2% |
| Professional services | $6.3M | $7.8M | −$1.5M | -19% |
| Revenue | $212M | $218M | −$5.6M | -3% |
| Gross profit | $148M | $153M | −$5.1M | -3% |
| Cost of revenue | $64.6M | $65.0M | −$431K | -0.7% |
| Operating profit | $8.9M | $5.9M | $3.0M | +52% |
| Operating expenses | $139M | $147M | −$8.2M | -6% |
| Pre-tax earnings | $6.6M | $9.3M | −$2.7M | -29% |
| Other expense, net | $2.4M | −$3.4M | $5.8M | — |
| Research & development | $39.6M | $46.9M | −$7.3M | -16% |
| Sales & marketing | $65.6M | $79.3M | −$13.7M | -17% |
| General & admin | $23.6M | $20.9M | $2.8M | +13% |
| Net earnings | $3.5M | $9.8M | −$6.3M | -64% |
| Income tax | $3.1M | −$497K | $3.6M | — |
| Operating cash sources | $37.2M | $47.3M | −$10.1M | -21% |
| Depreciation & amortization | $10.5M | $11.2M | −$744K | -7% |
| Share-based compensation | $23.2M | $26.3M | −$3.1M | -12% |
| Working capital & other | $7.1M | $8.4M | −$1.3M | -15% |
| Operating cash flow | $30.1M | $39.0M | −$8.8M | -23% |
Questions
How much did Rapid7's revenue grow year over year in Q3 2026?
Rapid7's revenue fell $5.6M (-3%) from $218M in Q3 2025 to $212M in Q3 2026.
What drove Rapid7's revenue change in Q3 2026?
Product subscriptions −$4.1M (-2%); Professional services −$1.5M (-19%).