Rapid7, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on November 4, 2026, reporting net income of $3,511 thousand and a restructuring charge of $9,988 thousand for the three months ended September 30, 2026.

Key Highlights

  • Total revenue: $212,404 thousand for the three months ended September 30, 2026, compared with $217,960 thousand in the same period of 2025, according to the filing.
  • Net income: $3,511 thousand for Q3 2026, versus $9,809 thousand in Q3 2025, as reported in the condensed consolidated statements of operations.
  • Restructuring charge: $9,988 thousand recorded in Q3 2026, with no comparable charge in Q3 2025, the filing disclosed.
  • Cash and cash equivalents: $335,714 thousand as of September 30, 2026, up from $246,664 thousand at December 31, 2025.
  • Total stockholders' equity: $220,747 thousand at September 30, 2026, compared with $154,730 thousand at December 31, 2025.
  • Shares outstanding: 68,409,886 shares of common stock as of September 30, 2026; 68,535,768 shares as of October 26, 2026, per the cover page.

Rapid7's September 2026 Quarter: Revenue Decline and Restructuring Costs

Rapid7, Inc. (NASDAQ:RPD) reported total revenue of $212,404 thousand for the three months ended September 30, 2026, a decrease from $217,960 thousand in the prior-year period, according to the filing. Product subscription revenue, the larger component, declined to $206,086 thousand from $210,146 thousand, while professional services revenue fell to $6,318 thousand from $7,814 thousand. For the nine months ended September 30, 2026, total revenue was $632,978 thousand, compared with $642,406 thousand in the nine months ended September 30, 2025.

The company disclosed a restructuring charge of $9,988 thousand in Q3 2026, with no equivalent charge in the prior-year quarter, contributing to total operating expenses of $138,901 thousand for the three-month period. Despite this charge, income from operations was $8,950 thousand for Q3 2026, compared with $5,903 thousand in Q3 2025. Net income for the quarter was $3,511 thousand, or $0.05 per basic and diluted share, versus $9,809 thousand, or $0.15 per basic and diluted share, in Q3 2025. For the nine months ended September 30, 2026, net income was $10,714 thousand, or $0.16 per basic and diluted share.

On the balance sheet, the filing reported total assets of $1,736,069 thousand and total liabilities of $1,515,322 thousand as of September 30, 2026. Convertible senior notes, current portion, net, stood at $598,849 thousand, while the non-current portion was $296,389 thousand. The accumulated deficit narrowed to $953,939 thousand from $964,653 thousand at December 31, 2025. Short-term investments increased to $395,853 thousand from $228,006 thousand, and long-term investments were zero at September 30, 2026, compared with $184,119 thousand at year-end 2025. The company also reported goodwill of $593,334 thousand, reflecting $575,268 thousand at December 31, 2025.

What Was Disclosed

Rapid7 filed its quarterly report for the period ended September 30, 2026, disclosing a $9,988 thousand restructuring charge, a year-over-year decline in total revenue, net income of $3,511 thousand for the quarter, and an improvement in total stockholders' equity to $220,747 thousand.