Rapid7, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $859.8M | $844.0M | $777.7M | $685.1M | $535.4M | $411.5M | $326.9M | $244.1M |
| Cost of Revenue | $255.0M | $251.0M | $232.0M | $214.3M | $168.9M | $121.5M | $91.1M | $71.1M |
| Gross Profit | $604.8M | $593.0M | $545.7M | $470.7M | $366.5M | $290.0M | $235.8M | $173.0M |
| Gross Margin | 70.3% | 70.3% | 70.2% | 68.7% | 68.4% | 70.5% | 72.1% | 70.9% |
| Operating Expenses | ||||||||
| Research & Development | $190.7M | $173.1M | $177.9M | $190.0M | $160.8M | $108.6M | $79.4M | $67.7M |
| SG&A Expense | $84.9M | $86.0M | $85.3M | $85.0M | $78.3M | $59.5M | $44.7M | $35.0M |
| Operating Income | $11.6M | $35.0M | $-84.3M | $-111.6M | $-120.1M | $-74.1M | $-46.0M | $-53.0M |
| Operating Margin | 1.3% | 4.2% | -10.8% | -16.3% | -22.4% | -18.0% | -14.1% | -21.7% |
| Interest Expense | — | — | $64.7M | $11.0M | $14.3M | $24.1M | $13.4M | $4.9M |
| Pretax Income | $30.2M | $41.5M | $-153.3M | $-122.3M | $-135.9M | $-96.9M | $-53.8M | $-55.1M |
| Income Tax Expense | $6.8M | $15.9M | $-518.0K | $2.4M | $10.4M | $2.0M | $42.0K | $466.0K |
| Net Income | $23.4M | $25.5M | $-152.8M | $-124.7M | $-146.3M | $-98.8M | $-53.8M | $-55.5M |
| Net Margin | 2.7% | 3.0% | -19.6% | -18.2% | -27.3% | -24.0% | -16.5% | -22.8% |
| EPS (Basic) | $0.36 | $0.41 | $-2.52 | $-2.13 | $-2.65 | $-1.94 | $-1.10 | $-1.20 |
| EPS (Diluted) | $0.36 | $0.40 | $-2.52 | $-2.13 | $-2.65 | $-1.94 | $-1.10 | $-1.20 |
| Shares Outstanding (Basic) | 64.7M | 62.6M | 60.8M | 58.6M | 55.3M | 51.0M | 48.7M | 47.6M |
| Shares Outstanding (Diluted) | 65.0M | 63.2M | 60.8M | 58.6M | 55.3M | 51.0M | 48.7M | 47.6M |
| Dividends Per Share | — | — | — | — | — | — | — | — |