Rubrik Reports Strong Q2 FY27 Earnings & Appoints New Director

Rubrik, Inc. filed a Form 8-K to report its financial results for the second quarter of fiscal year 2027 and to announce a new director appointment.

Item 2.02: Results of Operations and Financial Condition

The company issued a press release for its second quarter ended July 31, 2026, reporting results that exceeded all guided metrics and leading to an increased outlook for the full fiscal year.

Q2 FY2027 Financial Highlights:

• Total Revenue: $427.3 million, an increase of 38% year-over-year.
• Subscription Revenue: $407.2 million, an increase of 37% year-over-year.
• Subscription Annual Recurring Revenue (ARR): $1.66 billion, an increase of 33% year-over-year.
• GAAP Net Loss per Share: $(0.30), an improvement from $(0.49) in Q2 FY2026.
• Non-GAAP Net Income per Share: $0.20, a significant improvement from a loss of $(0.03) in Q2 FY2026.
• Cash Flow: Operating cash flow was $76.8 million, and free cash flow was $65.7 million.

Fiscal Year 2027 Outlook (Raised):

• Subscription ARR: Projected to be between $1.880 billion and $1.885 billion.
• Revenue: Projected to be between $1.685 billion and $1.693 billion.
• Non-GAAP Net Income per Share: Projected to be between $0.47 and $0.53.

Item 5.02: Director Appointment

Effective August 26, 2026, Rubrik's Board of Directors increased its size from eight to nine members and appointed Rakefet Russak-Aminoach to the board. Ms. Russak-Aminoach, a financial services leader and venture investor, will serve as a Class I director with a term expiring at the 2028 annual stockholders' meeting.