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AI brief of an SEC Form 8-K · Rapid7, Inc. (RPD)

Rapid7 Q2 revenue falls 1.5% to $210.9 million; plans to cut 12% of workforce

Negative Impact 4 of 5 earnings Written later

Rapid7 reported second-quarter 2026 total revenue of $210.9 million, down 1.5% from a year earlier, and annualized recurring revenue of $824.0 million, down 2.0%. GAAP net income was $6.1 million, or $0.09 per diluted share, versus $8.3 million, or $0.13, a year earlier. The board also approved a restructuring plan to cut about 12% of the workforce, with $10 million to $11 million in charges expected mostly in the third and fourth quarters of 2026, and the company guided to third-quarter and full-year revenue that is below the prior year.

Key points

  • Q2 2026 total revenue $210.9 million, down 1.5% year over year; GAAP income from operations $3.0 million versus $3.5 million a year earlier
  • Non-GAAP income from operations $28.9 million, down from $36.3 million; non-GAAP diluted EPS $0.44 versus $0.58
  • Restructuring plan approved August 7, 2026, reduces workforce by about 12%, with $10 million to $11 million in charges
  • Third-quarter 2026 revenue guidance $208 million to $210 million (down 5% to 4%); full-year 2026 revenue guidance $837 million to $841 million (down 3% to 2%)

The filing

CompanyRapid7, Inc. (RPD)
Form8-K, current report
Filed with the SECAug 10, 2026, 4:09 PM ET
Accession number0001560327-26-000043

Items reported: 2.02 Results of Operations2.05 Exit / Restructuring Costs

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 10, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.