Rapid7 Q4 Revenue Edges Up 0.5% to $217.4M with 8.8% EPS Surprise
Rapid7 reported Q4 revenue of $217.39 million, up 0.5% year-over-year, surpassing estimates by 1.14% while non-GAAP EPS of $0.44 beat forecasts by 8.8%. Annualized recurring revenue reached $840 billion and product subscriptions grew 1.4% to $209.15 million, offsetting a 17% decline in professional services.
1. Q4 Financial Performance
Rapid7 generated revenue of $217.39 million in Q4, up 0.5% year-over-year, and delivered non-GAAP EPS of $0.44, surpassing consensus by 1.14% on revenue and 8.8% on earnings.
2. Key Metrics
Annualized recurring revenue climbed to $840 billion versus estimates of $837.94 billion; the customer base stood at 11,500 with ARR per customer of $72,000, slightly above analyst projections.
3. Segment Trends and Market Reaction
Product subscriptions revenue rose 1.4% to $209.15 million, while professional services revenue fell 17% to $8.24 million; shares have declined 22.7% over the past month and the stock holds a Sell ranking.