Rapid7, Inc. filed its quarterly report on Form 10-Q with the U.S. Securities and Exchange Commission on August 10, 2026, covering the three and six months ended June 30, 2026.

Key Highlights

  • Total revenue: $210,883 thousand for Q2 2026, compared to $214,193 thousand in Q2 2025, according to the filing.
  • Net income: $6,073 thousand for the three months ended June 30, 2026, versus $8,338 thousand for the same period in 2025.
  • Cash and cash equivalents: $425,607 thousand as of June 30, 2026, up from $246,664 thousand at December 31, 2025.
  • Total stockholders' equity: $196,704 thousand at June 30, 2026, compared to $154,730 thousand at December 31, 2025.
  • Convertible senior notes, current portion: $598,206 thousand as of June 30, 2026, reclassified from non-current, where none was reported at year-end 2025.
  • Shares outstanding: 67,400,640 shares of common stock as of August 3, 2026, per the filing's cover page.
  • Restructuring charge: $1,675 thousand recognized in operating expenses for both the three and six months ended June 30, 2026, with no comparable charge in the prior-year periods.

Rapid7 Q2 2026: Revenue Declines Slightly as Cash Position Rises

According to the filing, Rapid7 (Nasdaq: RPD) reported total revenue of $210,883 thousand for the second quarter of 2026, a decrease from $214,193 thousand in the second quarter of 2025. Product subscription revenue accounted for $205,051 thousand of Q2 2026 revenue, down from $208,097 thousand in Q2 2025, while professional services revenue was $5,832 thousand versus $6,096 thousand in the prior-year period. For the six months ended June 30, 2026, total revenue was $420,574 thousand, compared to $424,446 thousand for the same period in 2025.

The filing disclosed total gross profit of $145,338 thousand for Q2 2026, compared to $151,134 thousand in Q2 2025. Income from operations was $3,019 thousand for the quarter versus $3,494 thousand in the prior-year period. Net income for Q2 2026 was $6,073 thousand, or $0.09 per diluted share, compared to $8,338 thousand, or $0.13 per diluted share, in Q2 2025. The company reported an accumulated deficit of $957,450 thousand as of June 30, 2026, reduced from $964,653 thousand at December 31, 2025. A restructuring charge of $1,675 thousand appeared in Q2 2026 operating expenses, with no corresponding charge in Q2 2025.

On the balance sheet, the filing showed cash and cash equivalents of $425,607 thousand and short-term investments of $276,972 thousand as of June 30, 2026. Long-term investments of $184,119 thousand reported at December 31, 2025 were reduced to zero by June 30, 2026. Goodwill increased to $593,334 thousand from $575,268 thousand over the same period. Convertible senior notes of $598,206 thousand were classified as current liabilities as of June 30, 2026, compared to $892,284 thousand classified as non-current at December 31, 2025. Total liabilities decreased to $1,546,859 thousand from $1,571,734 thousand at year-end 2025.

What Was Disclosed

Rapid7 disclosed condensed consolidated financial statements for the three and six months ended June 30, 2026, reflecting a slight decline in revenue and net income year-over-year, a reclassification of convertible notes to current liabilities, higher cash balances, and a new restructuring charge.