Rapid7 Q3 revenue falls 2.5% to $212.4 million; GAAP net income $3.5 million
Rapid7 reported third quarter 2026 results with total revenue of $212.4 million, down 2.5% year over year, and ARR of $819.7 million, down 2.2%. GAAP net income fell to $3.5 million, or $0.05 per diluted share, from $9.8 million a year earlier, while non-GAAP net income rose to $47.4 million, or $0.60 per diluted share, and the company set full-year 2026 revenue guidance of $841 million to $843 million.
Key points
- Q3 2026 total revenue was $212.4 million, down 2.5% year over year; product revenue was $206.1 million, down 1.9%.
- GAAP net income was $3.5 million, or $0.05 per diluted share, versus $9.8 million in the prior-year quarter; non-GAAP net income was $47.4 million, or $0.60 per diluted share.
- Q3 restructuring expense was $10.0 million, and the company reported $30.1 million in operating cash flow and $26.5 million in free cash flow.
- Full-year 2026 guidance calls for revenue of $841 million to $843 million, non-GAAP income from operations of $140 million to $142 million, and free cash flow of approximately $130 million.
The filing
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 November 04, 2026.
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