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Rapid7, Inc. (RPD) 10-Year Financial Performance & Capital Metrics

RPD • • Industrial / General
TechnologyInfrastructure SoftwareCybersecurity & Identity ManagementEndpoint Security & Threat Protection
AboutRapid7, Inc. provides cyber security solutions. The company offers a cloud-native insight platform that enables customers to create and manage analytics-driven cyber security risk management programs. Its platform includes InsightIDR, an incident detection and response solution; InsightCloudSec, a solution that integrates posture management, workload protection, infrastructure entitlements management, infrastructure-as-code security, and Kubernetes protection; InsightVM, a vulnerability risk management solution that is designed to provide a way to collect vulnerability data, prioritize risk, and automate remediation; InsightAppSec, which provides application security testing that analyzes web applications for security vulnerabilities; and InsightConnect, a security orchestration and automation response solution that is used by security professionals. The company's other products include DivvyCloud, a cloud security posture management solution; Nexpose, an on-premises version of company's vulnerability risk management solution; AppSpider, an on-premises version of company's application security testing solution; and Metasploit, a penetration testing software solution, as well as professional services. It offers its products through term or perpetual software licenses, cloud-based subscriptions, and managed services. The company serves customers in a range of industries, including technology, energy, financial services, healthcare and life sciences, manufacturing, media and entertainment, retail, education, real estate, transportation, government, and professional services industries through sales teams, and indirect channel partner relationships, as well as directly in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company was incorporated in 2000 and is headquartered in Boston, Massachusetts.Show more
  • Revenue $844M +8.5%
  • EBITDA $80M +329.7%
  • Net Income $26M +117.1%
  • EPS (Diluted) 0.40 +116.3%
  • Gross Margin 70.26%
  • EBITDA Margin 9.47% +311.7%
  • Operating Margin 4.15% +140.0%
  • Net Margin 3.02% +115.8%
  • ROE 144.13%
  • ROIC 3.77% +139.8%
  • Debt/Equity 57.49
  • Interest Coverage 3.20 +356.1%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Excellent 3Y average ROE of 144.1%
  • ✓Strong Piotroski F-Score: 7/9
  • ✓FCF machine: 19.9% free cash flow margin
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Strong 5Y sales CAGR of 20.9%

✗Weaknesses

  • ✗High debt to equity ratio of 57.5x
  • ✗Weak momentum: RS Rating 13 (bottom 13%)
  • ✗Trading more than 30% below 52-week high
  • ✗Expensive at 47.4x book value

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y27.07%
5Y20.89%
3Y16.38%
TTM3.08%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-57.86%

EPS CAGR

10Y-
5Y-
3Y-
TTM-46.8%

ROCE

10Y Avg-26.05%
5Y Avg-10.44%
3Y Avg-6.35%
Latest3.58%

Peer Comparison

Endpoint Security & Threat Protection
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
RPDRapid7, Inc.870.89M13.3033.258.53%2.19%14.76%19.32%57.49
QLYSQualys, Inc.4.8B133.7928.779.58%28.96%35.73%4.83%0.10
GENGen Digital Inc.16.27B26.3825.613.55%12.74%23.2%7.41%3.66
CISOCISO Global Inc.22.82M0.52-0.26-46.11%-41.01%-69.62%10.72
RBRKRubrik, Inc.10.49B69.05-9.2341.19%-31.48%0.3%
SSentinelOne, Inc.4.69B14.08-15.3032.25%-43.04%-26.54%0.14%0.01
BBBlackBerry Limited2.31B3.92-30.15-29.54%-0.52%-10.59%0.28%0.33
TENBTenable Holdings, Inc.2.7B22.63-7312.68%-3.44%-9.73%7.9%1.06

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+110.53M157.44M200.94M244.09M326.95M411.49M535.4M685.08M777.71M844.01M
Revenue Growth %0.44%0.42%0.28%0.21%0.34%0.26%0.3%0.28%0.14%0.09%
Cost of Goods Sold+29.24M39.73M56.91M71.08M91.15M121.52M168.95M214.35M231.74M251.03M
COGS % of Revenue0.26%0.25%0.28%0.29%0.28%0.3%0.32%0.31%0.3%0.3%
Gross Profit+81.28M117.71M144.03M173.01M235.8M289.97M366.46M470.73M545.97M592.97M
Gross Margin %0.74%0.75%0.72%0.71%0.72%0.7%0.68%0.69%0.7%0.7%
Gross Profit Growth %0.39%0.45%0.22%0.2%0.36%0.23%0.26%0.28%0.16%0.09%
Operating Expenses+127.84M166.76M192.82M226.05M281.8M364.07M486.52M582.35M626.7M557.94M
OpEx % of Revenue1.16%1.06%0.96%0.93%0.86%0.88%0.91%0.85%0.81%0.66%
Selling, General & Admin89.1M118.81M141.89M158.3M202.43M255.5M325.74M392.38M396.91M384.81M
SG&A % of Revenue0.81%0.75%0.71%0.65%0.62%0.62%0.61%0.57%0.51%0.46%
Research & Development38.75M47.95M50.94M67.74M79.36M108.57M160.78M189.97M176.78M173.13M
R&D % of Revenue0.35%0.3%0.25%0.28%0.24%0.26%0.3%0.28%0.23%0.21%
Other Operating Expenses-278K-109K313K-336K000053.01M0
Operating Income+-46.56M-49.05M-48.79M-53.04M-45.99M-74.1M-120.06M-111.61M-80.73M35.03M
Operating Margin %-0.42%-0.31%-0.24%-0.22%-0.14%-0.18%-0.22%-0.16%-0.1%0.04%
Operating Income Growth %-0.6%-0.05%0.01%-0.09%0.13%-0.61%-0.62%0.07%0.28%1.43%
EBITDA+-41.21M-42.32M-41.17M-41.94M-29.47M-51.47M-86.56M-70.58M-34.79M79.93M
EBITDA Margin %-0.37%-0.27%-0.2%-0.17%-0.09%-0.13%-0.16%-0.1%-0.04%0.09%
EBITDA Growth %-0.65%-0.03%0.03%-0.02%0.3%-0.75%-0.68%0.18%0.51%3.3%
D&A (Non-Cash Add-back)5.35M6.72M7.63M11.1M16.53M22.63M33.5M41.04M45.94M44.89M
EBIT-46.84M-49.03M-47.62M-50.15M-40.41M-72.73M-121.62M-111.32M-85.08M52.42M
Net Interest Income+-2.52M131K775K-1.71M-7.38M-22.68M-13.93M-9.17M-54.52M10.1M
Interest Income0003.23M6.01M1.45M365K1.81M10.18M21.06M
Interest Expense2.52M131K775K4.93M13.39M24.14M14.29M10.98M64.7M10.96M
Other Income/Expense-2.8M22K1.09M-2.04M-7.81M-22.76M-15.85M-10.69M-69.05M6.42M
Pretax Income+-49.36M-49.03M-47.71M-55.08M-53.8M-96.86M-135.91M-122.31M-149.78M41.45M
Pretax Margin %-0.45%-0.31%-0.24%-0.23%-0.16%-0.24%-0.25%-0.18%-0.19%0.05%
Income Tax+496K-27K-2.24M466K42K1.99M10.42M2.41M-518K15.93M
Effective Tax Rate %1.01%1%0.95%1.01%1%1.02%1.08%1.02%1%0.62%
Net Income+-49.86M-49M-45.47M-55.55M-53.84M-98.85M-146.33M-124.72M-149.26M25.53M
Net Margin %-0.45%-0.31%-0.23%-0.23%-0.16%-0.24%-0.27%-0.18%-0.19%0.03%
Net Income Growth %-0.53%0.02%0.07%-0.22%0.03%-0.84%-0.48%0.15%-0.2%1.17%
Net Income (Continuing)-49.86M-49M-45.47M-55.55M-53.84M-98.85M-146.33M-124.72M-149.26M25.53M
Discontinued Operations0000000000
Minority Interest0000000000
EPS (Diluted)+-2.02-1.19-1.06-1.20-1.10-1.94-2.65-2.13-2.460.40
EPS Growth %-0.92%0.41%0.11%-0.13%0.08%-0.76%-0.37%0.2%-0.15%1.16%
EPS (Basic)-2.02-1.19-1.06-1.20-1.10-1.94-2.65-2.13-2.460.41
Diluted Shares Outstanding24.74M41.25M42.95M46.46M48.73M51.04M55.27M58.55M60.76M63.18M
Basic Shares Outstanding24.74M41.25M42.9M46.29M48.73M51.04M55.27M58.55M60.76M62.61M
Dividend Payout Ratio----------

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+136.87M130.23M173.28M355.78M364.6M473.44M432.74M510.31M634.45M786.11M
Cash & Short-Term Investments86.55M71.93M90.74M258.77M239.57M312.46M223.43M291.45M383.17M521.71M
Cash Only86.55M53.15M51.56M99.56M123.41M173.62M164.58M207.29M213.63M334.69M
Short-Term Investments018.78M39.18M159.21M116.16M138.84M58.85M84.16M169.54M187.03M
Accounts Receivable44.16M49.15M73.66M74.94M87.93M111.6M146.09M152.04M164.86M168.24M
Days Sales Outstanding145.85113.96133.8112.0598.1698.9999.681.0177.3772.76
Inventory00012.32M000000
Days Inventory Outstanding---63.27------
Other Current Assets6.15M9.15M8.88M12.32M17.05M21.54M29.97M66.81M86.42M96.16M
Total Non-Current Assets+93.7M113.07M110.86M203.59M300.32M439.69M863.27M848.68M870.9M865.92M
Property, Plant & Equipment7.53M8.09M8.59M17.52M111.65M120.29M133.98M137.23M94.33M81.12M
Fixed Asset Turnover14.67x19.47x23.40x13.93x2.93x3.42x4.00x4.99x8.24x10.40x
Goodwill74.56M75.11M83.16M88.42M97.87M213.6M515.26M515.63M536.35M575.27M
Intangible Assets11.38M8.95M16.64M23.95M28.56M44.3M111.59M101.27M94.55M85.72M
Long-Term Investments020.16M1.1M44.89M22.89M10.12M34.07M9.76M56.17M37.27M
Other Non-Current Assets214K764K1.36M1.17M39.35M51.37M68.38M84.8M89.5M86.54M
Total Assets+230.56M243.3M284.14M559.37M664.91M913.12M1.3B1.36B1.51B1.65B
Asset Turnover0.48x0.65x0.71x0.44x0.49x0.45x0.41x0.50x0.52x0.51x
Asset Growth %1.65%0.06%0.17%0.97%0.19%0.37%0.42%0.05%0.11%0.1%
Total Current Liabilities+115.77M145.61M189.49M234.99M286.67M353.73M468.68M531.27M569.79M630.22M
Accounts Payable2.04M4.01M2.24M7.05M6.84M3.86M3.52M10.26M15.81M18.91M
Days Payables Outstanding25.4436.8614.3736.1927.3811.597.6117.4624.927.49
Short-Term Debt00000000045.9M
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Liabilities1.1M1.2M1.71M707K119K0842K1.66M00
Current Ratio1.18x0.89x0.91x1.51x1.27x1.34x0.92x0.96x1.11x1.25x
Quick Ratio1.18x0.89x0.91x1.46x1.27x1.34x0.92x0.96x1.11x1.25x
Cash Conversion Cycle---139.13------
Total Non-Current Liabilities+46.72M55.66M70.5M237.06M295.07M487.85M953.33M947.8M1.05B1B
Long-Term Debt000174.69M185.2M378.59M812.06M815.95M930M888.36M
Capital Lease Obligations000072.29M75.74M90.86M85.95M81.13M68.43M
Deferred Tax Liabilities0000000000
Other Non-Current Liabilities4.32M3.5M1.81M3.66M1.35M2.16M17.34M14.86M10.03M20.24M
Total Liabilities162.49M201.26M259.98M472.05M581.75M841.59M1.42B1.48B1.62B1.63B
Total Debt+000174.69M264.67M463.94M912.56M914.34M1.02B1.02B
Net Debt-86.55M-53.15M-51.56M75.12M141.26M290.32M747.98M707.05M810.95M683.49M
Debt / Equity---2.00x3.18x6.49x---57.49x
Debt / EBITDA---------12.74x
Net Debt / EBITDA---------8.55x
Interest Coverage-18.45x-374.42x-62.96x-10.75x-3.44x-3.07x-8.40x-10.16x-1.25x3.20x
Total Equity+68.08M42.04M24.15M87.32M83.17M71.54M-126M-120.07M-118.18M17.71M
Equity Growth %2.93%-0.38%-0.43%2.62%-0.05%-0.14%-2.76%0.05%0.02%1.15%
Book Value per Share2.751.020.561.881.711.40-2.28-2.05-1.950.28
Total Shareholders' Equity68.08M42.04M24.15M87.32M83.17M71.54M-126M-120.07M-118.18M17.71M
Common Stock415K426K441K476K499K522K577K597K617K635K
Retained Earnings-340.34M-389.34M-434.91M-464.58M-518.43M-617.28M-736.03M-860.75M-1.01B-988.03M
Treasury Stock-3.53M-4.39M-4.76M-4.76M-4.76M-4.76M-4.76M-4.76M-4.76M-4.76M
Accumulated OCI-11.68M-19K-39K-31K213K454K-812K-1.41M1.34M-1.21M
Minority Interest0000000000

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-1.91M9.11M13.29M6.07M-1.42M4.89M53.92M78.2M104.28M171.67M
Operating CF Margin %-0.02%0.06%0.07%0.02%-0%0.01%0.1%0.11%0.13%0.2%
Operating CF Growth %0.43%5.78%0.46%-0.54%-1.23%4.44%10.03%0.45%0.33%0.65%
Net Income-49.86M-49M-45.47M-55.55M-53.84M-98.85M-146.33M-124.72M-149.26M25.53M
Depreciation & Amortization5.35M6.72M7.63M11.1M16.53M22.63M33.5M41.04M45.94M44.89M
Stock-Based Compensation10.69M17.32M19.54M27.59M40.66M63.89M102.58M119.9M108.08M107.96M
Deferred Taxes119K75K-2.86M-69K-645K737K466K332K-5.62M791K
Other Non-Cash Items2.8M1.21M750K4.82M11.12M19.95M8.64M2.11M104.79M2.94M
Working Capital Changes28.99M32.78M33.7M18.17M-15.24M-3.47M55.06M39.54M351K-10.45M
Change in Receivables-18.37M-6.2M-25.22M-1.69M-14.8M-24.38M-25.48M-9.05M-14.02M-5.48M
Change in Inventory4.8M-1.39M5.73M6.1M-7.91M00000
Change in Payables-2.3M1.62M-2.26M3.67M92K-2.39M-2.08M7.98M5.45M2.78M
Cash from Investing+-42.95M-43.48M-22.42M-193.73M16.81M-156.29M-325.38M-39.99M-178.75M-46.52M
Capital Expenditures-4.14M-4.5M-5.99M-16.08M-35.52M-13.8M-9.01M-37.53M-4.37M-3.42M
CapEx % of Revenue0.04%0.03%0.03%0.07%0.11%0.03%0.02%0.05%0.01%0%
Acquisitions----------
Investments----------
Other Investing01.39M-200K00-6.13M-9.85M300K-15.88M-13.8M
Cash from Financing+94.79M1.16M7.27M236.16M8.79M200.93M264.13M7.42M79.6M5.58M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid0000000000
Share Repurchases----------
Other Financing0-5.42M-1.49M-2.2M-6.95M-9.07M-28.16M-7.83M-7.82M-5.23M
Net Change in Cash----------
Free Cash Flow+-6.04M4.61M8.46M-6.75M-30.85M-8.91M44.91M57.82M99.91M168.25M
FCF Margin %-0.05%0.03%0.04%-0.03%-0.09%-0.02%0.08%0.08%0.13%0.2%
FCF Growth %0.42%1.76%0.83%-1.8%-3.57%0.71%6.04%0.29%0.73%0.68%
FCF per Share-0.240.110.20-0.15-0.63-0.170.810.991.642.66
FCF Conversion (FCF/Net Income)0.04x-0.19x-0.29x-0.11x0.03x-0.05x-0.37x-0.63x-0.70x6.73x
Interest Paid1.43M5K002.78M5.46M7.34M6.67M4.61M6.36M
Taxes Paid341K556K801K188K400K312K3.31M1.57M1.62M8.95M

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)-303.9%-89%-137.39%-99.66%-63.17%-127.79%---144.13%
Return on Invested Capital (ROIC)----58.92%-17.83%-18.96%-18.31%-13.85%-9.46%3.77%
Gross Margin73.54%74.77%71.68%70.88%72.12%70.47%68.44%68.71%70.2%70.26%
Net Margin-45.11%-31.12%-22.63%-22.76%-16.47%-24.02%-27.33%-18.2%-19.19%3.02%
Debt / Equity---2.00x3.18x6.49x---57.49x
Interest Coverage-18.45x-374.42x-62.96x-10.75x-3.44x-3.07x-8.40x-10.16x-1.25x3.20x
FCF Conversion0.04x-0.19x-0.29x-0.11x0.03x-0.05x-0.37x-0.63x-0.70x6.73x
Revenue Growth43.76%42.44%27.63%21.47%33.94%25.86%30.11%27.96%13.52%8.53%

Revenue by Segment

2015201620172018201920202021202220232024
Product----261.12M382.92M500.84M647.53M740.17M808.91M
Product Growth-----46.65%30.80%29.29%14.31%9.29%
Service--------37.54M35.1M
Service Growth----------6.49%
Maintenance----36.78M-----
Maintenance Growth----------
Subscription Revenue---129.54M------
Subscription Revenue Growth----------
Maintenance and Support---26.97M------
Maintenance and Support Growth----------
Term And Perpetual License---22.88M------
Term And Perpetual License Growth----------
Professional Services---12M------
Professional Services Growth----------
Timing Of Transfer Of Good Or Service, Other---2.93M------
Timing Of Transfer Of Good Or Service, Other Growth----------

Revenue by Geography

2015201620172018201920202021202220232024
North America96.42M134.99M170.67M------643.4M
North America Growth-40.01%26.43%-------
Non-US---44.24M62.09M81.73M120.55M169.19M-200.6M
Non-US Growth----40.36%31.63%47.49%40.35%--
UNITED STATES---199.85M264.85M329.75M414.86M515.89M579.02M-
UNITED STATES Growth----32.52%24.50%25.81%24.35%12.24%-
Other Country14.11M22.45M30.27M-----198.68M-
Other Country Growth-59.10%34.85%-------

Frequently Asked Questions

Valuation & Price

Rapid7, Inc. (RPD) has a price-to-earnings (P/E) ratio of 33.3x. This suggests investors expect higher future growth.

Growth & Financials

Rapid7, Inc. (RPD) reported $858.7M in revenue for fiscal year 2024. This represents a 1330% increase from $60.0M in 2013.

Rapid7, Inc. (RPD) grew revenue by 8.5% over the past year. This is steady growth.

Yes, Rapid7, Inc. (RPD) is profitable, generating $18.8M in net income for fiscal year 2024 (3.0% net margin).

Dividend & Returns

Rapid7, Inc. (RPD) has a return on equity (ROE) of 144.1%. This is excellent, indicating efficient use of shareholder capital.

Rapid7, Inc. (RPD) generated $167.7M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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