Rubrik Inc (NYSE:RBRK) stock rose 0.020% (As on June 6, 11:25:10 AM UTC-4, Source: Google Finance) after the company’s result came in ahead of expectations for its fiscal 2026 first quarter. Subscription ARR was up 38% year-over-year, growing to $1.18 billion as of April 30, 2025. Subscription revenue was $265.7 million, a 54% increase, compared to $172.2 million in the first quarter of fiscal 2025. Non-GAAP gross margin was 80.5%, compared to 75.4% in the first quarter of fiscal 2025. Subscription ARR Contribution Margin was 8.0% compared to (10.6)% in the first quarter of fiscal 2025, reflecting the strong net new subscription ARR in the quarter and an improvement in operating leverage in the business. Cash flow from operations was $39.7 million, compared to $(31.4) million in the first quarter of fiscal 2025. Free cash flow was $33.3 million, compared to $(37.1) million in the first quarter of fiscal 2025. Cash, cash equivalents, and short-term investments were $762.1 million as of April 30, 2025. As of April 30, 2025, Rubrik had 2,381 customers with Subscription ARR of $100,000 or more, up 28% year-over-year.

Moreover, the company has partnered with Google Cloud and Mandiant to develop a cloud-based isolated recovery solution on Google Cloud, featuring secure backup and replication to Google Cloud via Rubrik’s Secure Vault. Upcoming capabilities include new threat analytics and expanded protection for Google Cloud Engine, Google Cloud SQL, and Google Workspace. The company has announced Rubrik Annapurna will integrate with Google Agentspace, allowing customers to securely access, mobilize, govern, and protect AI data on Google Cloud. The company has announced a strategic alliance with Deloitte to deliver advanced data security and management solutions.

RBRK in the first quarter of FY26 has reported the adjusted loss per share of 15 cents, beating the analysts’ estimates for the adjusted loss per share of 32 cents. The company had reported the adjusted revenue growth of 49 percent to $278.5 million in the first quarter of FY26, beating the analysts’ estimates for revenue of $260.4 million.

For its fiscal 2026 second quarter, Rubrik expects an adjusted earnings per share loss of 33 to 35 cents on revenue of $281 million to $283 million. Both outlooks were ahead of the 36-cent loss and revenue of $273 million expected by analysts.

For the full year, the company expects and adjusted earnings per share loss of 98 cents to $1.02 on revenue of $1.179 billion to $1.388 billion.