Rubrik Inc. (RBRK) shares soared 26.67% in the pre-market trading session on Friday, following the company's impressive fiscal third-quarter 2025 results and raised full-year guidance. The cybersecurity firm's stock surge was fueled by the following key factors:
In its Q3 earnings report, Rubrik reported a narrower-than-expected adjusted loss per share of $0.21, beating analysts' estimates of a $0.40 loss. The company's revenue rose 43% year-over-year to $236.2 million, surpassing expectations of $217.52 million. Furthermore, Rubrik achieved a significant milestone, surpassing $1 billion in subscription annual recurring revenue (ARR), which grew 38% year-over-year.
Encouraged by the strong quarterly performance, Rubrik raised its full-year fiscal 2025 guidance, projecting revenue between $860 million and $862 million, up from its previous guidance of $830 million to $838 million. The company also narrowed its adjusted loss per share guidance to a range of $1.82 to $1.86, compared to the prior outlook of $2.06 to $2.12.
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