Rapid7, Inc.

RPDUS

Rapid7, Inc. specializes in delivering cutting-edge cybersecurity solutions. Central to its offerings is a sophisticated, cloud-native platform designed to equip organizations with analytics-driven programs for managing and mitigating cyber risks. This integrated platform comprises several critical components: InsightIDR for comprehensive incident detection and response; InsightCloudSec, which provides extensive cloud security across posture management, workload protection, infrastructure entitlements, infrastructure-as-code, and Kubernetes environments; InsightVM for streamlining vulnerability risk management by facilitating data collection, prioritization, and automated remediation; InsightAppSec, a tool for meticulously analyzing web applications to identify security flaws; and InsightConnect, empowering security professionals with orchestration and automation capabilities. Beyond its core platform, Rapid7's product suite includes DivvyCloud for specialized cloud security posture management, Nexpose and AppSpider as on-premises counterparts for vulnerability risk management and application security testing, respectively, and Metasploit, a renowned penetration testing software. The company also offers professional services to its clientele. Rapid7's solutions are accessible through flexible engagement models, including perpetual software licenses, cloud-based subscriptions, and managed services. The company caters to a broad spectrum of industries, such as technology, financial services, healthcare, manufacturing, retail, and government. Its global reach extends across the Americas, Europe, the Middle East, Africa, and Asia Pacific, serving customers directly through its sales teams and via an extensive network of channel partners. Founded in 2000, Rapid7 is headquartered in Boston, Massachusetts.

Founded2000IPO year2015As of2026-08-04
Market Cap
$701M
Enterprise Value
$996M
EV / LTM Revenue
1.2x
EV / NTM Revenue
1.2x
Trading multiples

Enterprise value over trailing (LTM) vs. forward (NTM) fundamentals. Click an LTM cell to chart it.

LTM
trailing
NTM
forward
Revenue
1.2x
Gross Profit
1.7x
EBITDA
3.2x
Classification
Sector
Cybersecurity
Sub-sector
Security (General)
Listing
RPD
Country
US
Historical valuation & fundamentals

EV / LTM Revenue

Annual financials & analyst forecasts

$MCY2021CY2022CY2023CY2024CY2025CY2026ECY2027E
Revenue YoY28%14%9%2%-3%-0%
Revenue$535M$685M$778M$844M$860M$838M$836M
Gross Profit$366M$471M$546M$593M$605M
Gross Profit Margin68.4%68.7%70.2%70.2%70.3%
EBITDA($88M)($70M)($39M)$95M$86M$316M$315M
EBITDA Margin-16.5%-10.3%-5.0%11.2%10.0%37.7%37.7%
EBIT($120M)($112M)($81M)$33M$12M$281M$281M
Net Income($146M)($125M)($149M)$23M$23M$101M$101M
Free Cash Flow$45M$53M$100M$168M$137M
FCF Margin8.4%7.8%12.8%19.9%16.0%
Short-Term Debt$0M$0M$0M$46M$16M
Long-Term Debt$812M$816M$930M$888M$952M
Cash & Cash Equivalents$165M$207M$214M$335M$247M
Net Debt$647M$609M$716M$600M$722M
Net Debt / EBITDA6.3x8.4x
Rule of 4035.7%26.4%28.5%17.8%
Figures in $M. True calendar years (Jan–Dec) built from quarterly data — income & cash-flow lines summed across the four quarters, balance sheet as of year-end. E columns are calendarized analyst consensus — gross profit, cash flow and balance-sheet lines are not estimated. Net debt = short-term debt + long-term debt − cash & cash equivalents; Rule of 40 = YoY revenue growth + FCF margin.