Earnings ·
Rapid7, Inc. reported second quarter 2026 financial results showing total revenue of $210.9 million, a 1.5%…
RPDRapid7, Inc.
Rapid7, Inc. reported second quarter 2026 financial results showing total revenue of $210.9 million, a 1.5% year-over-year decline, and annualized recurring revenue (ARR) of $824 million, down 2.0%. The company generated GAAP net income of $6.1 million ($0.09 per diluted share) and non-GAAP net income of $33.0 million ($0.44 per diluted share). Concurrently, the board approved a restructuring plan eliminating approximately 12% of the workforce to align resources with its core platform. Rapid7 expects to incur $10-$11 million in restructuring charges, primarily for severance and transition costs, substantially complete by the end of Q4 2026. The company provided third quarter revenue guidance of $208-$210 million and full-year revenue guidance of $837-$841 million. Rapid7 operates in the cybersecurity industry, providing AI-powered managed detection and response services and security operations platforms.