Rubrik Shares Dip After Q2 Results: Earnings Beat, Revenues Beat, Guidance Above Estimates

Rubrik Inc. (NYSE:RBRK) reported its second-quarter financial results after Monday's closing bell. Here's a look at the details from the report. 

The Details: Rubrik reported quarterly losses of 40 cents per share which beat the analyst consensus estimate of losses of 49 cents. Quarterly sales came in at $204.951 million, which beat the analyst consensus estimate of $196.209 million by 4.46%.

Subscription ARR was up 40% year-over-year, growing to $919.1 million.

Subscription revenue was $191.3 million, a 50% increase, compared to $127.5 million in the second quarter of fiscal 2024.

GAAP gross margin was 73.1%, compared to 76.6% in the second quarter. ...