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Rapid7 (RPD) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

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Rapid7 (RPD - Free Report) reported $210.88 million in revenue for the quarter ended June 2026, representing a year-over-year decline of 1.5%. EPS of $0.44 for the same period compares to $0.58 a year ago.

The reported revenue represents a surprise of +1.34% over the Zacks Consensus Estimate of $208.1 million. With the consensus EPS estimate being $0.35, the EPS surprise was +25.71%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Rapid7 performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Annualized recurring revenue: $824.02 billion versus $819.93 billion estimated by six analysts on average.
  • Number of customers: 11,772 versus the two-analyst average estimate of 11,461.
  • ARR per customer: $70,000.00 versus the two-analyst average estimate of $71,374.45.
  • Revenue- Professional services: $5.83 million compared to the $5.45 million average estimate based on seven analysts. The reported number represents a change of -4.3% year over year.
  • Revenue- Product subscriptions: $205.05 million versus $202.64 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a -1.5% change.
  • Non-Gaap Gross Profit- Professional services: $0.52 million versus $0.45 million estimated by six analysts on average.
  • Non-Gaap Gross Profit- Product subscriptions: $150.65 million versus the six-analyst average estimate of $150.84 million.

View all Key Company Metrics for Rapid7 here>>>

Shares of Rapid7 have returned +3.6% over the past month versus the Zacks S&P 500 composite's +3.4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

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