Rapid7 Announces Fourth Quarter and Full-Year 2023 Financial Results

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Overig advies 12/02/2024 16:35
Annualized recurring revenue (“ARR”) of $806 million, an increase of 13% year-over-year
Full-year revenue of $778 million, up 14% year-over-year; Products revenue of $740 million, up 14% year-over-year
Full-year GAAP operating loss of $81 million; Full-year non-GAAP operating income of $102 million
Full-year net cash provided by operating activities of $104 million; Free cash flow of $84 million
BOSTON, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Rapid7, Inc. (Nasdaq: RPD), a leader in extended risk and threat detection, today announced its financial results for the fourth quarter and full-year 2023.

“Rapid7 delivered solid results to end the year, exceeding our guided ranges on ARR, revenue, non-GAAP operating income, and free cash flow. Mainstream enterprise customers continue to choose Rapid7 for the strength of our consolidated security operations platform, our integrated expertise, and our compelling value proposition,” said Corey Thomas, Chairman and CEO of Rapid7.

“As we enter 2024, we are focused on making platform and services investments that enhance our customers’ experience and position us to drive durable, long-term growth. Our sustained focus on driving efficient, profitable growth is reflected in our free cash flow outlook, which we expect to be at least $160 million for the full-year.”

Fourth Quarter 2023 Financial Results and Other Metrics
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