Rapid7 (RPD) Q3 2026 Earnings Call Transcript
Rapid7 (RPD) reported Q3 2026 results with ARR of $820M, down 2.2% YoY, and revenue of $212.4M, down 2.5% YoY. Core platform solutions ARR grew 1%, while noncore declined 19%. Management reaffirmed full-year free cash flow guidance of $130M and plans to repay $600M in convertible notes due in 2027. Q4 revenue guidance is $208M-$210M, a 3-4% YoY decline. Non-GAAP operating margin was 21.7%, with restructuring charges of $11M expected.
How this was made
The 30-second read
Why it matters
The earnings miss and lowered guidance suggest near‑term downside, but the cash position and AI initiatives provide a nuanced view.
Market read
Mid‑cap cybersecurity stock with new earnings data that could move the ticker and sector peers.
What to watch
Strong cash balance and note repayment capacity may support longer‑term stability.
Background
Rapid7 disclosed its Q3 2026 earnings call transcript, including financial metrics and forward guidance.
Ticker impact
Rapid7 reported Q3 2026 results with revenue down 2.5% YoY and lowered full-year guidance.
likely pressure as the market prices in the revenue decline and lower guidance
Both top-line and guidance fell, and management highlighted ongoing non‑core drag.
Market effects
Cybersecurity sector may see modest pullback as a mid‑cap peer shows slowing growth.
U.S. tech stocks could face slight weakness in after‑hours trading.
Limited; impact confined to U.S. listed cybersecurity names.
Counterpoint
If the AI‑first strategy gains traction, the short‑term miss could be a buying opportunity.
Key entities
- companyRapid7, Inc.
Cybersecurity firm reporting Q3 2026 results.
