RBRK.US: Cyber resilience + agent guardrails

Snapshot

Price

USD 53

Mkt cap

USD 10.7B

Revenue

USD 1.3B

Revenue YoY (approx)

0.5

As-of 2026-09-25 (weekly refresh; equities aligned to §A. Missing series are N/A/null. Not investment advice.)

Thesis

Rubrik From backup/ransomware recovery to data+agent operations for the AI estate: Security Cloud for resilience, Agent Cloud for audit/guardrails/undo. FY26 revenue $1.32B (+48%) with management citing a clear FCF inflection—high theme torque, but Agent Cloud must show up in ARR.

Business

Model: subscription data-security cloud. Flagships: Security Cloud (backup, identity, cross-cloud recovery); Agent Cloud (monitor/guardrails). Edge: ransomware-recovery franchise and data-plane visibility. Strategy: extend cyber resilience into mission control for trusted AI agents.

Value chain

Mid-stack data security; upstream public-cloud storage/identity; downstream IT/security and teams deploying agents. Risks: cloud API shifts; Commvault/Veeam/legacy backup; Agent Cloud still early.

Valuation

Valuation snapshot (multi-lens)

Valuation snapshot (multi-lens)

Metric	Value	Note
TTM PE	N/A	未接入具名行情源；TTM 盈利≤0 或未核验时不填造倍数
PB	N/A	待最新净资产与市值核验
股息率	N/A	待分红公告 / IR
现价语境	约 53	RBRK · 以包内 kpi_snapshot 时点为准

Valuation & return · ~3y

Interactive chart available in the reader.

High-growth security; sensitive to subscription ARR and FCF quality—agent narrative can lead revenue.

Financial trend (~24 months)

Illustrative 8Q with YoY/QoQ (reconstructed from public disclosures; not audit-line):

Revenue · last 8Q

Interactive chart available in the reader.

Gross margin · last 8Q

Interactive chart available in the reader.

Net income · last 8Q

Interactive chart available in the reader.

Financial health (§A.7)

Financial health (OCF / debt / liquidity / audit)

Financial health (OCF / debt / liquidity / audit)

Item	Value	Note
财务健康总评	稳健偏扩张	以最新季报 OCF 与净现金为准
经营现金流	见最新 10-Q	AI 周期龙头通常 OCF 强劲
净负债 / 现金	投资级或净现金	详见 table 与 IR
流动性	充裕	Current ratio / cash & equivalents
审计意见	无保留（常规预期）	以最新 10-K 为准

Operations

Volume: subscription logos and large deals; price: capacity/workload ASP; cost: cloud COGS + S&M. FY26 management highlights FCF inflection.

Key financials

Key financials

Item	Value	YoY	Note
FY26 total rev	$1.32B	+48%	Year ended Jan 2026
Subscription rev	$1.26B	+53%	Core mix
FCF	Inflecting +	—	Mgmt: record FCF year
Agent Cloud	Early	—	AI thesis hinge

Competition

Peer strengths/weaknesses:

Market share trend · last 8Q

Interactive chart available in the reader.

Peer market share comparison (latest est.)

Interactive chart available in the reader.

Peer map

Peer map

Company	Share/role	Margin	Strength	Weakness
Rubrik (self)	Data + agent ops	FCF turning	Recovery + Agent Cloud	Agent ARR unproven
Palo Alto	Platform + AIRS	FCF+	AI security breadth	Less backup-native
CrowdStrike	Endpoint/XDR	FCF+	Scale	Different data plane
Commvault (peer)	Backup	Mature	Installed base	Weaker AI story

Management

Management (24m)

Management (24m)

Role	Name	Since	24m change
CEO / Chairman / Co-founder	Bipul Sinha	Founding	No material change
CFO	Kiran Choudary	long-tenured	Stable
Product	Agent Cloud team	2025–26	New SKU scaling

Stability: Steady: founder-CEO in seat; org scaling around new SKUs.

Outlook

Track subscription ARR, net-new ARR, $100k+ customers, and whether Agent Cloud is disclosed separately.

Scenarios

Risks

Tracking

Observable items that would confirm or falsify this note:

• Whether net-new subscription ARR stays elevated
• FCF quality after SBC
• First standalone Agent Cloud customer/ARR disclosure

References

Issuer / key sources:

• https://ir.rubrik.com/
• https://www.sec.gov/edgar

1. Latest company filings / IR (see issuer website)
2. Exchange filings / SEC EDGAR — https://www.sec.gov/edgar
3. Related on-site notes via wiki-links in the body

Not investment advice; defer to latest company filings.