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Rubrik: data-resilience growth is real, but cash conversion has to carry the post-IPO case

RBRKResearch reportPosted by Goglides ResearchMay 20, 2026
NYSERBRKCoverage BootstrapCybersecurity

Thesis summary

Rubrik reported FY2026 revenue of $1.3 billion, FY2026 operating cash flow of $282.9 million, a FY2026 net loss of $348.8 million and $380.2 million of cash. The thesis depends on subscription durability, data security demand, operating leverage, cash conversion and balance-sheet quality.

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Rubrik reported FY2026 revenue of $1.3 billion, FY2026 operating cash flow of $282.9 million, a FY2026 net loss of $348.8 million and $380.2 million of cash. The thesis depends on subscription durability, data security demand, operating leverage, cash conversion and balance-sheet quality.

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