RBRK — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-06-05

• We are on a mission to secure and accelerate the world’s AI transformation.

• Cyberattacks are inevitable. Prevention and detection are not enough. Realizing that cyberattacks ultimately target data, we created Zero Trust Data Security to deliver cyber resilience so that organizations can secure their data across the cloud and recover from cyberattacks. As enterprises embrace…

• We built the Rubrik Security Cloud (“RSC”) suite with Zero Trust design principles to secure data across enterprise, cloud, SaaS, unstructured data, and identity providers. RSC delivers a cloud native SaaS platform that detects, analyzes, and remediates data security risks and unauthorized user acti…

• We launched our first enterprise software product, Converged Data Management, in fiscal 2016, which combined data and metadata together into a single layer of software to offer Zero Trust data protection, and sold it as a perpetual license along with associated maintenance contracts. In fiscal 2019,…

• In fiscal 2023, to meet customer demands for data security and a single, unified cloud-based control plane, we launched RSC, a suite built on top of our comprehensive Zero Trust Data Security platform. RSC culminates our early vision of providing one point of control to secure data across enterprise…

Text removed vs the prior filing · source: 10-Q · 2025-12-08

• Cyberattacks are inevitable. Realizing that cyberattacks ultimately target data, we created Zero Trust Data Security to deliver cyber resilience so that organizations can secure their data across the cloud and recover from cyberattacks. We believe that the future of cybersecurity is data security—if…

• We built Rubrik Security Cloud ("RSC") with Zero Trust design principles to secure data across enterprise, cloud, SaaS, unstructured data, and identity providers. RSC delivers a cloud native SaaS platform that detects, analyzes, and remediates data security risks and unauthorized user activities. Ou…

• We launched our first enterprise software product, Converged Data Management, in fiscal 2016, which combined data and metadata together into a single layer of software to offer Zero Trust data protection, and sold it as a perpetual license along with associated maintenance contracts. In fiscal 2019,…

• In fiscal 2023, to meet customer demands for data security and a single, unified cloud-based control plane, we launched RSC, a comprehensive Zero Trust Data Security platform. RSC culminates our early vision of providing one point of control to secure data across enterprise, cloud, SaaS, unstructure…

• We began transitioning customers from our legacy CDM capabilities to RSC, which is offered on a subscription basis, in fiscal 2023. As part of this business transition, we began transitioning the sale of Rubrik-branded Appliances from us to our contract manufacturers and stopped offering the Refresh…

Text added vs the prior filing · source: 10-Q · 2026-06-05

• Our revenue was $387.1 million and $278.5 million for the three months ended April 30, 2026 and 2025, respectively. You should not rely on the revenue growth of any prior period as an indication of our future performance. Even if our revenue continues to increase, we expect that our revenue growth r…

• •navigate macroeconomic headwinds, including those related to inflation, tariffs, and geopolitical conditions, as well as supply chain constraints affecting the availability and pricing of compatible commodity servers needed to deploy our solutions;

• Although we were founded in December 2013, we only began offering our products and services in the fiscal year ended January 31, 2016, and we began offering RSC as a cloud native SaaS solution in fiscal 2023 and introduced the RAC suite in fiscal 2026. As a result of our limited operating history, o…

• of uncertainties, including our ability to plan for and forecast future growth. Our historical revenue growth should not be considered indicative of our future performance. In future periods, our revenue growth may fluctuate, slow or decline due to a number of factors, including changes in product m…

• Furthermore, we have historically sold our products to customers as perpetual licenses with associated maintenance contracts or as subscription term-based licenses with associated support, and with respect to the latter, we recognized a portion of the revenue upfront at the time we transferred contr…

Text removed vs the prior filing · source: 10-Q · 2025-12-08

• Our revenue was $938.5 million and $628.4 million for the nine months ended October 31, 2025 and 2024, respectively. You should not rely on the revenue growth of any prior quarterly or annual period as an indication of our future performance. Even if our revenue continues to increase, we expect that…

• •differentiate our data security products from products offered by others;

• Although we were founded in December 2013, we only began offering our products and services in the fiscal year ended January 31, 2016, and we began offering RSC as a cloud native SaaS solution in fiscal 2023. As a result of our limited operating history, our ability to accurately forecast our future…

• a timely manner. We implemented certain initiatives to accelerate our existing customers’ migration to RSC as part of our business transition to SaaS, including enforcement of migration deadlines. These initiatives may have been, or continue to be, perceived negatively by our customers. For example,…

• Furthermore, we have historically sold our products to customers as perpetual licenses with associated maintenance contracts or as subscription term-based licenses with associated support, and with respect to the latter, we recognized a portion of the revenue upfront at the time we transferred contr…

Text removed vs the prior filing · source: 10-Q · 2025-12-08

• On October 15, 2025, Kiran Choudary, our Chief Financial Officer, adopted a trading arrangement intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). Mr. Choudary’s trading arrangement provides for the sale through January 15, 2027 of up to 60,000 shares of our Class A common sto…

• On October 15, 2025, Arvind Nithrakashyap, our Chief Technology Officer, adopted a trading arrangement intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). Mr. Nithrakashyap’s trading arrangement provides for the sale through January 15, 2027 of up to 500,000 shares of our Class…

• Approval of Amended Participation Agreements under the Severance and Change in Control Plan

• On December 2, 2025, the Compensation Committee of the Board of Directors of the Company approved amended participation agreements under our Severance and Change in Control Plan (the “Severance Plan”) for each of our named executive officers, other than Mr. Sinha (each, an “Amended Participation Agr…

• Pursuant to the Amended Participation Agreements, upon a termination without “cause” (and not as a result of death or disability) or a resignation for “good reason” (each as defined in the Severance Plan) that occurs outside of the period beginning three months prior to, and ending 12 months followi…