Rubrik Inc. (NYSE: RBRK) surged more than 20% intra-day on Friday after posting quarterly results that far exceeded expectations and raising its full-year outlook, buoyed by accelerating subscription growth and improving profitability.
For its fiscal third quarter ended October 31, Rubrik reported adjusted earnings of $0.10 per share—beating analyst expectations by $0.27. Revenue rose 48% year over year to $350.2 million, also topping estimates, driven by strong demand for the company’s subscription-based cybersecurity and data resilience solutions.
Subscription ARR grew 34% year over year to $1.35 billion. Subscription revenue totaled $336.4 million, up 52% from the prior-year period. Rubrik added 2,638 customers contributing $100,000 or more in ARR, a 27% increase versus last year. Subscription net new ARR reached $95 million.
Rubrik also showed significant margin improvement, with subscription ARR contribution margin rising to 10.3%, up from -3.3% a year earlier. Non-GAAP gross margin climbed to 82.8%, compared with 79.2% last year. Free cash flow increased to $76.9 million from $15.6 million.
The company raised its fiscal 2026 revenue outlook to as high as $1.282 billion and guided to a narrower full-year loss per share, signaling increased confidence in its growth trajectory and expanding operating leverage.
