Rubrik Sees Q2 EPS $(0.50)-$(0.48) Vs $(0.50)w Est.; Revenue $195M-$197M Vs $194.89M Est.; FY25 EPS $(2.35)-$(2.25) Vs $(2.41) Est.; Revenue $810M-$824M Vs $806.73M Est.

Author: Benzinga Newsdesk | June 11, 2024 04:09pm

Second Quarter and Fiscal Year 2025 Outlook

Rubrik is providing the following guidance for the second quarter of fiscal year 2025 and the full fiscal year 2025:

Second Quarter Fiscal 2025 Outlook:
- Revenue of $195 million to $197 million.
- Non-GAAP Subscription ARR contribution margin of approximately (13.5)% to (12.5)%.
- Non-GAAP EPS of $(0.50) to $(0.48).
- Weighted-average shares outstanding of approximately 179 million.
Full Year 2025 Outlook:
- Subscription ARR between $983 million and $997 million.
- Revenue of $810 million to $824 million.
- Non-GAAP Subscription ARR contribution margin of approximately (12.5)% to (11.5)%.
- Non-GAAP EPS of $(2.35) to $(2.25).
- Weighted-average shares outstanding of approximately 154 million.
- Free cash flow of $(115) million to $(95) million, including $23 million of one-time payroll taxes related to the public offering.

Additional information on Rubrik's reported results, including a reconciliation of the non-GAAP results to their most comparable GAAP measures, is included in the financial tables below. A reconciliation of non-GAAP guidance measures to corresponding GAAP measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty of expenses that may be incurred in the future, although it is important to note that these factors could be material to Rubrik's results computed in accordance with GAAP. For example, stock-based compensation-related charges, including employer payroll tax-related items on employee stock transactions, are impacted by the timing of employee stock transactions, the future fair market value of Rubrik's Class A common stock, and Rubrik's future hiring and retention needs, all of which are difficult to predict and subject to constant change.

Posted In: RBRK