Filing Flows › Rapid7 (RPD) › Q3 2026
Rapid7 (RPD) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 4, 2026
Rapid7 (RPD) reported revenue of $212M for the third quarter 2026 (Q3 2026), -3% from a year earlier and +0.7% from the quarter before. Operating margin was 4.2%, net earnings $3.5M (1.7% of revenue).
Rapid7, Q3 2026: revenue $212M (-2% year over year), operating margin 4.2%, net earnings $3.5M, operating cash flow $30.1M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $212M | +0.7% | -3% |
| Gross profit | $148M | +2% | -3% |
| Operating profit | $8.9M | +196% | +52% |
| Net earnings | $3.5M | -42% | -64% |
| Operating cash flow | $30.1M | -19% | -23% |
| Free cash flow | $26.5M | — | — |
What changed
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.
Questions
What was Rapid7's revenue in the third quarter 2026?
Rapid7 (RPD) reported revenue of $212M for the third quarter 2026 (Q3 2026), -3% from a year earlier and +0.7% from the quarter before.
Was Rapid7 profitable in the third quarter 2026?
Operating profit was $8.9M (4.2% of revenue) and net earnings $3.5M.
Source: Rapid7 10-Q on SEC EDGAR.