Filing Flows › Rapid7 (RPD) › Q4 2025
Rapid7 (RPD) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 19, 2026
Rapid7 (RPD) reported revenue of $217M for the fourth quarter 2025 (Q4 2025), +0.5% from a year earlier and -0.3% from the quarter before. Operating margin was 1.0%, net earnings $3.1M (1.4% of revenue).
Rapid7, Q4 2025: revenue $217M (+0.5% year over year), operating margin 1.0%, net earnings $3.1M, operating cash flow $37.6M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $217M | -0.3% | +0.5% |
| Gross profit | $150M | -2% | -0.3% |
| Operating profit | $2.3M | -62% | -69% |
| Net earnings | $3.1M | -68% | +44% |
| Operating cash flow | $37.6M | -4% | -41% |
| Free cash flow | $32.3M | — | -45% |
What changed
Revenue was $217.4M in Q4 2025, up 1% year over year and roughly flat from the previous quarter. Product subscriptions was the largest line at 96% of revenue.
Gross margin was 68.9%, down 0.6 points from a year earlier. Operating profit was $2.3M, a 1.0% margin (down 2.3 points year over year). Operating profit fell $5.0M even though revenue rose $1.1M versus a year earlier, so costs grew faster than sales. Operating expenses grew 3% against revenue growth of 1%. Net earnings were $3.1M, up 44% year over year. The effective tax rate was 45.4%. Non-operating items added $3.5M, 60% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $37.6M (down 41% year over year), 1201% of net earnings. Non-cash charges added back $11.2M of depreciation and amortization and $23.3M of share-based compensation. After capitalized internal-use software costs ($4.1M) and purchases of property and equipment ($1.2M), free cash flow as the company reports it was $32.3M.
Questions
What was Rapid7's revenue in the fourth quarter 2025?
Rapid7 (RPD) reported revenue of $217M for the fourth quarter 2025 (Q4 2025), +0.5% from a year earlier and -0.3% from the quarter before.
Was Rapid7 profitable in the fourth quarter 2025?
Operating profit was $2.3M (1.0% of revenue) and net earnings $3.1M.
Source: Rapid7 10-K on SEC EDGAR.