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Rubrik RBRK Subscription — Adjusted subscription cost of revenue

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Other financials

Income statement

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Revenue$387.1M+39.0%
Gross profit$311.8M+43.0%
Operating income-$52.6M+43.5%
Net income-$41.9M+59.0%
EPS (diluted)-$0.21+60.4%

Balance sheet

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Cash & equivalents$446.0M+53.0%
Total debt$14.6M-96.0%
Total equity-$481.3M+13.5%
Total assets$2.8B+87.7%

Cash flow

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Operating cash flow$81.7M+106%
CapEx$4.3M+50.1%
Free cash flow$77.4M+110%

Valuation

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Market cap$17.46B-1.7%
Enterprise value$17.02B-2.5%
P/S12.3×-4.1×

Profitability

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Gross margin80.6%+4.1pp
Operating margin-21.4%-7.9pp
Net margin-20.3%-7.8pp
FCF margin20.6%+10.1pp

Returns & leverage

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Return on equity55.6%
Debt / equity-0×
Current ratio1.7×+0.6×

Where this comes from

Reported directly by Rubrik in its filing.

Tagged under the XBRL concept rbrk:CostOfRevenueAdjusted.

The source filing: Rubrik’s 10-Q, filed June 5, 2026.

Filed
Jun 5, 2026, 4:04 PM EDT
Fiscal quarter
Q1 FY2027
Calendar quarter
Q2 2026
Accession
0001943896-26-000047
Line itemThree Months Ended April 30, 20262025
Total revenue$387,068$278,481
Less:
Adjusted subscription cost of revenue (1)58,19446,635
Remaining cost of revenue4,4405,124
Remaining research and development expenses78,87559,883
Remaining sales and marketing expenses175,278144,404
Remaining general and administrative expenses36,73433,208
Stock-based compensation expense (2)73,36873,540

Item 1. Financial Statements (unaudited)

FAQ

What is Rubrik's subscription — adjusted subscription cost of revenue?
Rubrik (RBRK) reported subscription — adjusted subscription cost of revenue of $58.19M in Q1 2026.
How has Rubrik's subscription — adjusted subscription cost of revenue changed year-over-year?
Rubrik's subscription — adjusted subscription cost of revenue increased by 24.8% year-over-year, from $46.64M to $58.19M.
What is the long-term trend for Rubrik's subscription — adjusted subscription cost of revenue?
Over 3 years (2023 to 2026), Rubrik's subscription — adjusted subscription cost of revenue has grown at a 49.4% compound annual growth rate (CAGR), from $61.13M to $203.72M.
What does subscription — adjusted subscription cost of revenue mean?
This metric represents the cost of revenue for the subscription segment after excluding non-cash or non-recurring items such as stock-based compensation or amortization of acquired intangibles. It provides a normalized view of the underlying operational costs required to support the subscription platform. Investors use this to evaluate the true cash-based cost efficiency of the core service delivery.

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