Operations
As of August 28, 2026
Q2
Total Revenue
$427.3M
Divisions
Subscription
95.3%
Other
4.7%
Key Operating Driver: Rubrik Security Cloud
Rubrik’s Q2 total revenue increased 38% year over year to $427.3 million, while Subscription revenue increased 37% to $407.2 million. Management described Identity Resilience, a Rubrik Security Cloud capability, as one of the company’s fastest-growing product lines. Management reported Cloud ARR growth of 39% year over year to $1.48 billion, with RSC included within the company’s Cloud ARR measure.
Key Operating Metrics¹
METRIC
STATUS
Subscription
🟢 Scaling
Rubrik Security Cloud
🟢 Scaling
Key Financial Metrics
Gross Margin
78.4%
↓
-1.1 pp YoY
Free Cash Flow Conversion
N/A
CapEx Intensity
1.31%
Key Operating Metrics¹: Core operating metrics relevant to revenue, sourced from website and/or SEC filings for Q, with status based on reported data.