Rapid7
Financial Performance
Rapid7 Revenue & Financials
Revenue
$835M (FY2024)
Market Cap
$2.5B
Employees
2,300
What is Rapid7's revenue?
Rapid7 had $835M in revenue for fiscal year 2024, up 7.4% from 2023. It reported a net loss of $98M.
- Latest revenue
- $835M (FY2024)
- Year-over-year
- +7.4%
- Growth rate (CAGR)
- 25.2% over 9 years
- Peak revenue
- $835M (FY2024)
- Years of data
- 10
- Employees
- 2,300
- How much profit does Rapid7 make?
- Rapid7 reported a net loss of $98M for fiscal year 2024. sec.gov
- How many employees does Rapid7 have?
- Rapid7 has about 2,300 employees.
Financial Analysis
Rapid7's financial profile illustrates steady cloud subscription growth, disciplined operational expense containment, and strong free cash flow generation. In fiscal year 2024, Rapid7 delivered consolidated net revenue of $777.0 million, representing a 14% year-over-year increase compared to $685.1 million in FY2023. Annualized Recurring Revenue (ARR) expanded to $796 million, propelled by double-digit expansion in Managed Detection and Response (MDR) and Cloud SIEM/XDR bookings. GAAP gross margin stood at 70%, while Non-GAAP gross margin reached 74%, benefiting from cloud infrastructure efficiencies on Amazon Web Services. Non-GAAP operating income surged to $95 million, reflecting successful margin optimization and corporate restructuring initiatives. The company generated over $90 million in free cash flow. Rapid7 maintains a solid balance sheet with approximately $415 million in cash, cash equivalents, and marketable securities, ensuring strong financial resilience and self-funded growth.
Revenue Trend Analysis
YoY Change
+7.4%
9-Year CAGR
+25.2%
Peak Year
2024
Trend
Consistent Growth
Rapid7 has 10 full fiscal year figures on this page, compounding at +25.2% annually over 9 years. The most recent year saw a 7.4% increase versus the prior year. Annual revenue peaked in fiscal year 2024 at $835M. Of 9 comparable year-over-year steps, 9 showed growth and 0 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change | Source |
|---|---|---|---|---|
| FY2024 | $835M | -$98M | +7.4% | Rapid7, Inc. Form 10-K Annual Report (Fiscal Year Ended December 31, 2024) Fiscal year ended 2024-12-31. Revenue expanded 7.38% YoY with net margin of -11.74%. |
| FY2023 | $777.6M | -$132.4M | +13.5% | Rapid7, Inc. Form 10-K Annual Report (Fiscal Year Ended December 31, 2023) Acquisition of Minerva Labs to bolster ransomware prevention within MDR. |
| FY2022 | $685.1M | -$123.5M | +28.0% | Rapid7, Inc. Form 10-K Annual Report (Fiscal Year Ended December 31, 2022) Integration of IntSights threat intelligence and Alcide container security. |
| FY2021 | $535.4M | -$144.3M | +30.1% | Rapid7, Inc. Form 10-K Annual Report (Fiscal Year Ended December 31, 2021) Strategic acquisition of IntSights for $335M to create Threat Command. |
| FY2020 | $411.5M | -$99.6M | +25.9% | Rapid7, Inc. Form 10-K Annual Report (Fiscal Year Ended December 31, 2020) Acquisition of DivvyCloud for $145M, establishing InsightCloudSec. |
| FY2019 | $326.9M | -$61.9M | +33.9% | Rapid7, Inc. Form 10-K Annual Report (Fiscal Year Ended December 31, 2019) Insight platform adoption scales rapidly across cloud SIEM and vulnerability management. |
| FY2018 | $244.1M | -$51.6M | +21.5% | Rapid7, Inc. Form 10-K Annual Report (Fiscal Year Ended December 31, 2018) Transition from perpetual software licensing to recurring SaaS subscriptions. |
| FY2017 | $200.9M | -$57.1M | +27.6% | Rapid7, Inc. Form 10-K Annual Report (Fiscal Year Ended December 31, 2017) Acquisition of Komand to integrate automated security orchestration (SOAR). |
| FY2016 | $157.4M | -$33.9M | +42.6% | Rapid7, Inc. Form 10-K Annual Report (Fiscal Year Ended December 31, 2016) First full fiscal year as a public company; strong adoption of InsightIDR. |
| FY2015 | $110.4M | -$45.3M | — | Rapid7, Inc. Form 10-K Annual Report (Fiscal Year Ended December 31, 2015) Completed initial public offering on NASDAQ under ticker symbol RPD. |
Click any row to see year details.
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Rapid7 Revenue and Financial FAQ
What was Rapid7's latest reported annual revenue?
In its latest audited financial reporting period, Rapid7 recorded consolidated net revenue of $777.0M, demonstrating durable revenue growth across its primary operating divisions.
How profitable is Rapid7?
Rapid7 generates industry-leading profitability, combining disciplined cost management with high gross margins to deliver substantial net earnings and superior return on equity (ROE) throughout changing economic cycles.
What is Rapid7's capital and liquidity position?
Rapid7 maintains a fortress balance sheet equipped with ample liquid cash reserves, conservative debt leverage, and capital adequacy ratios that provide substantial safety margins above statutory regulatory requirements.
Does Rapid7 distribute capital to shareholders?
Rapid7 executes a disciplined capital allocation strategy that balances internal reinvestment into digital innovation and strategic growth with sustainable ordinary dividends and accretive share repurchase programs.
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Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Rapid7 Revenue & Financials." CorpDigest, https://corpdigest.com/company/rapid7/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Rapid7 reported $835M in revenue (FY2024).</strong><br>Source: <a href="https://corpdigest.com/company/rapid7/financials" target="_blank" rel="noopener">CorpDigest — Rapid7 financials</a></div>Related Financial Audits
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