Rapid7 layoffs: Boston cybersecurity firm cuts 300 jobs

Rapid7 stock surged 13.2% after reporting better-than-expected Q2 2026 results, raising full-year EPS guidance by 15.7% to $1.81. Analysts increased price targets, with Citi at $13 and Susquehanna at $15. The company announced a 12% workforce reduction and expects $130M in free cash flow. The broader market's risk-on sentiment also supported the rise.

Rapid7 (RPD) reported Q2 earnings with a 1% YoY ARR growth to $824M, driven by 5% YoY growth in detection and response. Profitability beat guidance with non-GAAP operating income of $28.9M. The company cut 12% of its workforce to improve margins. However, total ARR and revenue declined, with Q3 ARR guided down to $812M. Management raised full-year non-GAAP operating income guidance to $129M-$133M. The stock trades at a forward P/E of 6.88.

Rapid7 (RPD) reported Q2 FY2026 total ARR of $824 million, down 2% year over year, and revenue of $210.9 million, down 1.5%. Core platform ARR grew 1% and Detection and Response ARR grew 5%. Non-GAAP operating income was $28.9 million, free cash flow $31.9 million. FY2026 revenue guidance is $837–$841 million.

Rapid7, Inc. shares rose 13% to $12.27 after its latest quarterly results. According to the article, revenue was $211m, in line with expectations, while statutory profit was $0.09 per share, 338% above forecast. Analysts now project 2026 revenue of $839.2m and EPS of $0.49, up from prior EPS $0.26, and lifted the consensus price target 43% to $11.71.

Rapid7, Inc. discussed its Q2 2026 earnings call, saying performance is constrained by limited resource focus and it is shifting from standalone tools to integrated security outcomes linking exposure management with detection and response. Core platform ARR grew about 1% YoY, while total ARR was pressured by non-core declines. It plans a 12% workforce reduction, $10 million to $11 million restructuring charges, and expects to exit 2026 with 20% non-GAAP operating margin. Rapid7 also expects to r

Rapid7 (NASDAQ: RPD) shares rose 26.9% after its Q2 2026 results showed an adjusted EPS of $0.44 vs $0.35 expected and adjusted EBITDA of $35.85M vs $31.93M. Revenue was $210.9M, up slightly but down 1.5% YoY. The company raised full-year adjusted EPS guidance to $1.81 midpoint, despite ARR down 2% and billings down 5.7%.