Managed Detection and Response (MDR) and Extended Detection and Response (XDR)
Strategic Profile
Rapid7's Command Platform integrates security data, enriching it with AI, threat intelligence, and 25 years of expertise to reduce risk, supported by industry-leading attack experts who analyze vulnerabilities and deliver insights. The company demonstrates strong profitability momentum with non-GAAP operating income increasing year-over-year and Q1 2026 results pointing to continued margin expansion, reflecting improved operating leverage.
Cyborg Score Rationale
Rapid7 exceeded Q1 2026 guidance expectations across all metrics with revenue of $209.7M, ARR of $832M, non-GAAP net income of $26.6M, and strong free cash flow of $33.4M. However, the company guides to flat-to-declining 2026 revenue ($835–$843M, down 2–3% YoY) while maintaining strong profitability and free cash flow ($125–$135M).
Top Insights
CEO highlighted that as frontier AI models reshape cybersecurity, Rapid7's AI SOC and exposure management capabilities are increasingly critical to customers facing new vulnerabilities and attacks.
March 2026 acquisition of Kenzo Security and ongoing expansion of Exposure Command aim to accelerate AI-powered security operations.
Over 11,500 customers with average ARR per customer of approximately $72,000, indicating strong expansion and retention metrics.
Strong free cash flow guidance of $125–$135M in 2026 supports operational flexibility during a period of muted top-line growth.
Named Competitors
Cisco Security — Enterprise networking and security solutions
CrowdStrike Falcon — Cloud-native endpoint detection and response
Zscaler — Cloud security and zero-trust network access
Mandiant Intelligence — Threat intelligence and incident response
Imperva — Data and application security
Recent Developments
(May 2026) Q1 2026 revenue of $209.7M and ARR of $832M with non-GAAP net income of $26.6M exceeded guidance expectations across all metrics.
(March 2026) Acquired Kenzo Security on March 26, 2026 to accelerate AI-powered capabilities.
(February 2026) Guided 2026 revenue to $835–$843M (down 2–3% YoY) with non-GAAP operating income of $108–$116M and free cash flow of $125–$135M, maintaining strong profitability focus.
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