The company's financial structure reflects aggressive expansion, with total debt rising to $1.1 billion and negative equity of -$481.3 million as of 2027Q1.
| Total Current Assets | 2.22B | 2.22B | 1.08B | 548.71M | 507.27M | 330.96M | 361.11M |
| Cash & Short-Term Investments | 1.75B | 1.68B | 705.14M | 279.25M | 295.91M | 138.81M | 217.31M |
| Cash Only | 429.4M | 380.2M | 186.33M | 130.03M | 135.81M | 71.02M | 120.1M |
| Short-Term Investments | 1.32B | 1.3B | 518.81M | 149.22M | 160.11M | 67.79M | 97.21M |
| Accounts Receivable | 199.34M | 256.77M | 182.16M | 139.9M | 155.85M | 167.49M | 119.63M |
| Days Sales Outstanding | 57.18 | 71.21 | 75 | 81.33 | 94.84 | 120.78 | 112.61 |
| Inventory | 0 | 0 | 4.18M | 4.81M | 9.54M | 4.4M | 3.4M |
| Days Inventory Outstanding | - | - | 5.75 | 7.37 | 12.45 | 6.8 | 7.28 |
| Other Current Assets | 275.28M | 291.02M | 108.29M | 124.75M | 11.28M | 4.14M | 20.76M |
| Total Non-Current Assets | 544.51M | 542.97M | 345.33M | 324.9M | 261.91M | 188.03M | 148.81M |
| Property, Plant & Equipment | 86.5M | 83.83M | 53.19M | 77.71M | 83.01M | 65.79M | 34.11M |
| Fixed Asset Turnover | 19.28x | 15.70x | 16.67x | 8.08x | 7.23x | 7.69x | 11.37x |
| Goodwill | 199.61M | 199.61M | 100.34M | 100.34M | 4.24M | 4.24M | 4.24M |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 10.1M | 5.59M | 8.28M |
| Other Non-Current Assets | 258.4M | 259.54M | 191.8M | 146.85M | 164.57M | 112.42M | 102.19M |
| Total Assets | 2.77B | 2.77B | 1.42B | 873.61M | 769.18M | 518.98M | 509.92M |
| Asset Turnover | 0.54x | 0.48x | 0.62x | 0.72x | 0.78x | 0.98x | 0.76x |
| Asset Growth % | 379.12% | 94.42% | 62.88% | 13.58% | 48.21% | 1.78% | - |
| Total Current Liabilities | 1.28B | 1.31B | 950.18M | 656.28M | 435.4M | 337.35M | 231.74M |
| Accounts Payable | 14.16M | 15.33M | 10.44M | 6.87M | 8.09M | 14.08M | 10.24M |
| Days Payables Outstanding | 18.25 | 21.37 | 14.34 | 10.52 | 10.56 | 21.75 | 21.92 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 4.06B | 1.07B | 777.13M | 526.48M | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 229.98M | 64.88M | 71.53M | 316.49M | 213.59M | 134.89M |
| Current Ratio | 1.74x | 1.69x | 1.13x | 0.84x | 1.17x | 0.98x | 1.56x |
| Quick Ratio | 1.74x | 1.69x | 1.13x | 0.83x | 1.14x | 0.97x | 1.54x |
| Cash Conversion Cycle | 38.93 | - | 66.41 | 78.17 | 96.73 | 105.83 | 97.97 |
| Total Non-Current Liabilities | 1.97B | 1.97B | 1.03B | 921.87M | 706.39M | 286.27M | 198.3M |
| Long-Term Debt | 1.13B | 1.13B | 322.34M | 287.04M | 179.7M | 0 | 0 |
| Capital Lease Obligations | 26.86M | 0 | 18.38M | 22.25M | 26.65M | 26.91M | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 71.33M | 64.77M | 685.81M | 32.8M | 500.05M | 5.2M | 34.76M |
| Total Liabilities | 3.25B | 3.29B | 1.98B | 1.58B | 1.14B | 623.61M | 430.04M |
| Total Debt | 1.13B | 1.13B | 350.81M | 309.29M | 216.04M | 33.21M | 5.97M |
| Net Debt | 702.39M | 750.52M | 164.48M | 179.26M | 80.24M | -37.8M | -114.12M |
| Debt / Equity | -2.35x | - | - | - | - | - | 0.07x |
| Debt / EBITDA | -4.50x | - | - | - | - | - | - |
| Net Debt / EBITDA | -2.79x | - | - | - | - | - | - |
| Interest Coverage | -29.98x | -17.95x | -26.84x | -9.81x | -21.99x | - | - |
| Total Equity | -481.32M | -519.56M | -553.73M | -704.54M | -372.62M | -104.63M | 79.87M |
| Equity Growth % | 6.02% | 6.17% | 21.41% | -89.08% | -256.13% | -231% | - |
| Book Value per Share | -2.36 | -2.64 | -3.59 | -4.00 | -2.12 | -0.59 | 0.45 |
| Total Shareholders' Equity | -481.32M | -519.56M | -553.73M | -704.54M | -372.62M | -104.63M | 79.87M |
| Common Stock | 5K | 5K | 5K | 1K | 1K | 1K | 1K |
| Retained Earnings | -3.23B | -3.19B | -2.84B | -1.68B | -1.33B | -1.05B | -796.21M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -9.22M | 3.73M | -8.23M | -2.24M | -1.3M | -88K | -199K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Negative Equity and Leverage
As reported in recent financial statements, Rubrik has expanded its total assets from $873.6 million in 2024Q4 to $2.8 billion by 2027Q1, signaling a rapid scaling of the business infrastructure that appears to be outpacing the accumulation of liabilities despite persistent negative retained earnings.
The expansion of the asset base suggests that the company is successfully deploying capital to capture market share in the data security sector. However, the persistent negative retained earnings of $3.2 billion indicate that this growth is being funded through external financing rather than internal operational profitability.
Based on the provided quarterly data, Rubrik’s total debt has increased to $1.1 billion as of 2027Q1, representing a significant shift from the $319.8 million reported in 2024Q4, which suggests a reliance on debt capital to fuel aggressive expansion and potential strategic acquisitions.
The jump in debt levels warrants close monitoring as it increases the company's interest burden in a high-rate environment. Investors should consider whether this leverage is being utilized to maintain a competitive moat or if it indicates a necessity-driven approach to funding ongoing operational losses.
According to recent balance sheet filings, Rubrik maintained a current ratio of 1.74 in 2027Q1, a notable improvement from the 0.73 ratio observed in 2024Q4, which suggests that the company has successfully bolstered its short-term liquidity to better manage its ongoing operational cash requirements.
The improvement in the current ratio appears to be driven by a more disciplined management of current assets relative to liabilities. This liquidity buffer is essential for the company to navigate its current phase of negative profitability while continuing to invest in R&D and market expansion.
As indicated by the company's financial disclosures, Rubrik continues to report negative equity, which stood at -$481.3 million in 2027Q1, reflecting the cumulative impact of historical net losses and the ongoing prioritization of growth over immediate balance sheet solvency.
The persistent negative equity position highlights the company's reliance on external capital and suggests that shareholders are currently absorbing the costs of aggressive market penetration. Investors should monitor whether future subscription revenue growth can eventually reverse this trend and move the company toward a positive equity position.
Based on reported figures, Rubrik’s deferred revenue has surged to $1.9 billion in 2027Q1, which represents a significant portion of total liabilities and serves as a critical indicator of future performance obligations that are not yet reflected in the income statement.
While high deferred revenue is a positive signal for future top-line growth, it also represents a substantial service obligation that must be fulfilled. The reliance on this metric as a proxy for health may be misleading if the company faces challenges in delivering on these long-term contracts.
Quick answers to the most common questions about buying RBRK stock.
As of 2026, Rubrik, Inc. (RBRK) had total assets of $2.77B including $2.22B in current assets.
Rubrik, Inc. (RBRK) carries total debt of $1.13B, offset by $1.68B in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Rubrik, Inc. (RBRK) has total shareholders' equity (book value) of $-519.6M ($-2.64 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Rubrik, Inc. (RBRK) reported a current ratio of 1.69x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.