June 5, 2025 | Palo Alto, CA – Rubrik (NYSE: RBRK), the cyber resilience specialist, delivered a strong start to fiscal 2026, reporting revenue of $278.5 million, up 49% year-over-year, and subscription Annual Recurring Revenue (ARR) jumping 38% to $1.18 billion.
📈 Top-line growth anchors performance
- Total revenue reached $278.5M for Q1 FY2026 (ended April 30, 2025), a near 49% increase compared to the same period last year.
- Subscription ARR climbed to $1,181M, up 38% from Q1 FY2025, while Cloud ARR rose to $972M, up 60%.
- The number of customers contributing over $100K in subscription ARR reached 2,381.
🔍 Profitability, margins, and cash flow
Rubrik continues to gain leverage despite ongoing investment:
- Non-GAAP gross margin rose to 81%.
- Its non-GAAP free cash flow swung positive, at $33 million, marking approximately 12% of revenue.
- The business turned a corner on operating efficiency, with subscription ARR contribution margin improving to 8%, up significantly from flat or negative trends in prior periods.
🗣️ CEO comments and strategic positioning
CEO Bipul Sinha hailed the results: “Our outstanding first‑quarter results not only surpassed all guided metrics but also underscore the power of our focused innovation and execution. We are winning the cyber resilience market…”
The company emphasized continued strength in its Rubrik Security Cloud platform, growing customer engagement, and momentum in its shift toward subscription-first offerings.
🔮 Guidance outlook
Rubrik provided forward guidance for Q2 FY2026:
- Subscription ARR expected between $1.38B–$1.388B
- Total revenue projected at $281M–$283M
- Non-GAAP EPS anticipated between –$0.35 and –$0.33
- Free cash flow forecasted at $65M–$75M
✅ Storagenews.ai verdict
Rubrik’s Q1 performance marks a significant milestone: accelerated subscription growth, healthier margins, and positive cash flow reflect increasing maturity in its business model. With cloud ARR ramping and nearly 2,400 customers each generating at least $100K annually, the firm is scaling well. Watch for continued efficiency gains and sustained momentum in its cyber resilience platform.
