Rubrik Sees Exceptional Growth in Q1 2026, Raises Guidance with Subscription ARR Reaching $1.2 Billion
Rubrik, a leading cybersecurity company, has reported exceptional growth in its first quarter of fiscal year 2026, exceeding all guided metrics across top line and profitability.
The company's subscription Annual Recurring Revenue (ARR) reached approximately $1.2 billion, growing 38% year-over-year, with net new subscription ARR reaching $89 million in the first quarter. This is a significant milestone for Rubrik, demonstrating its continued momentum in the market.
Rubrik's subscription revenue also saw impressive growth, increasing by 54% year-over-year to $266 million. Furthermore, the company's subscription Net Retention Rate (NRR) remained strong, above 120%, indicating a high level of customer satisfaction and retention.
Customers with $100,000 or more in subscription ARR reached 2,381, growing 28% year-over-year. This expansion of Rubrik's large enterprise customer base is a testament to the company's ability to scale its business while maintaining high levels of profitability.
On cash generation, Rubrik reported over $33 million in free cash flow this quarter, highlighting its strong financial discipline and ability to manage its growth effectively.
In a statement on the conference call, Bipul Sinha, CEO and Chairman of Rubrik, attributed the company's success to several key factors. Firstly, he highlighted the company's differentiated product and comprehensive offering for cyber resilience, which sets it apart from competitors. Secondly, he emphasized the importance of multiproduct leverage, allowing customers to maximize their investment in Rubrik's platform.
Thirdly, Sinha underscored the role of innovation in driving growth, citing the company's unique innovation engine that delivers a steady stream of new products and solutions leading the future of cybersecurity. Finally, he noted the company's culture of long-term thinking, which enables it to conceive yet unproven ideas to unlock new markets.
With its market opportunity for cyber resilience growing rapidly, Rubrik is confident in its ability to continue delivering strong growth. Sinha emphasized that customers are turning to Rubrik for uniform and consistent data policy controls as well as rapid and accurate recovery from cyberattacks.
The company's preemptive recovery engine, a natively integrated platform continuously scanning all protected data and identities across a customer's entire IT ecosystem, is at the center of its unique architecture. This proactive capability allows Rubrik to precalculate clean recovery points and unlock necessary data context and tooling needed to recover quickly from cyberattacks.
Legacy backup vendors cannot match this level of proactivity, as their solutions were not natively built for it and often rely on bolted-on capabilities from acquisitions or third-party tools. As a result, Rubrik wins the vast majority of deals in head-to-head competition.
