(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
(Address of principal executive offices), including zip code |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934: | ||||||||
Title of each class | Trading symbol(s) | Name of each exchange on which registered | ||||||
Item 2.02 | Results of Operations and Financial Condition. |
Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Item 9.01 | Financial Statements and Exhibits. |
Exhibit No. | Description | |||||||
99.1 | ||||||||
104 | Cover Page Interactive Data File (embedded within the inline XBRL document) |
Rapid7, Inc. | ||||||||||||||||||||
Dated: August 4, 2021 | By: | /s/ Jeff Kalowski | ||||||||||||||||||
Jeff Kalowski | ||||||||||||||||||||
Chief Financial Officer |
Three Months Ended June 30, | |||||||||||||||||
2021 | 2020 | % Change | |||||||||||||||
(dollars in thousands) | |||||||||||||||||
Annualized recurring revenue | $ | 488,860 | $ | 379,891 | 29 | % | |||||||||||
Number of customers (1) | 9,315 | 8,223 | 13 | % | |||||||||||||
ARR per customer (1) | $ | 52.5 | $ | 46.2 | 14 | % | |||||||||||
(1) Number of customers and ARR per customer are based on our new customer count methodology provided at our virtual investor day on March 10, 2021. Prior period amounts have been revised to conform with the modified definitions provided in the Non-GAAP Financial Measures and Other Metrics section below. |
Three Months Ended June 30, | |||||||||||||||||
2021 | 2020 | % Change | |||||||||||||||
(in thousands, except per share data) | |||||||||||||||||
Products revenue | $ | 119,147 | $ | 92,430 | 29 | % | |||||||||||
Professional services revenue | 7,274 | 6,482 | 12 | % | |||||||||||||
Total revenue | $ | 126,421 | $ | 98,912 | 28 | % | |||||||||||
North America revenue | $ | 103,485 | $ | 82,557 | 25 | % | |||||||||||
Rest of world revenue | 22,936 | 16,355 | 40 | % | |||||||||||||
Total revenue | $ | 126,421 | $ | 98,912 | 28 | % | |||||||||||
GAAP gross profit | $ | 87,113 | $ | 69,831 | |||||||||||||
GAAP gross margin | 69 | % | 71 | % | |||||||||||||
Non-GAAP gross profit | $ | 91,845 | $ | 73,137 | |||||||||||||
Non-GAAP gross margin | 73 | % | 74 | % | |||||||||||||
GAAP loss from operations | $ | (21,926) | $ | (15,732) | |||||||||||||
GAAP operating margin | (17) | % | (16) | % | |||||||||||||
Non-GAAP income from operations | $ | 6,070 | $ | 4,265 | |||||||||||||
Non-GAAP operating margin | 5 | % | 4 | % | |||||||||||||
GAAP net loss | $ | (34,164) | $ | (21,466) | |||||||||||||
GAAP net loss per share, basic and diluted | $ | (0.62) | $ | (0.42) | |||||||||||||
Non-GAAP net income | $ | 3,930 | $ | 2,795 | |||||||||||||
Non-GAAP net income per share, basic | $ | 0.07 | $ | 0.06 | |||||||||||||
Non-GAAP net income per share, diluted | $ | 0.07 | $ | 0.05 | |||||||||||||
Adjusted EBITDA | $ | 10,030 | $ | 7,556 | |||||||||||||
Net cash provided by operating activities | $ | 9,186 | $ | 442 | |||||||||||||
Free cash flow | $ | 5,040 | $ | (2,231) |
Third Quarter and Full-Year 2021 Guidance (in millions, except per share data) | |||||||||||||||||||||||
Third Quarter 2021 | Full-Year 2021 | ||||||||||||||||||||||
Annualized recurring revenue | Approximately $576.0 | ||||||||||||||||||||||
Revenue | $ | 133.4 | to | $ | 135.0 | $ | 520.0 | to | $ | 524.0 | |||||||||||||
Year-over-year growth | 27 | % | to | 28 | % | 26 | % | to | 27 | % | |||||||||||||
Non-GAAP (loss) income from operations | $ | (0.5) | $ | 7.0 | |||||||||||||||||||
Non-GAAP net loss per share | $ | (0.07) | $ | (0.09) | |||||||||||||||||||
Weighted average shares outstanding, basic and diluted | 56.1 | 55.3 | |||||||||||||||||||||
Free cash flow | Approximately $20.0 |
June 30, 2021 | December 31, 2020 | |||||||||||||
Assets | ||||||||||||||
Current assets: | ||||||||||||||
Cash and cash equivalents | $ | 493,568 | $ | 173,617 | ||||||||||
Short-term investments | 114,284 | 138,839 | ||||||||||||
Accounts receivable, net | 98,483 | 111,599 | ||||||||||||
Deferred contract acquisition and fulfillment costs, current portion | 23,960 | 21,536 | ||||||||||||
Prepaid expenses and other current assets | 27,555 | 27,844 | ||||||||||||
Total current assets | 757,850 | 473,435 | ||||||||||||
Long-term investments | 5,377 | 10,124 | ||||||||||||
Property and equipment, net | 49,431 | 53,114 | ||||||||||||
Operating lease right-of-use assets | 63,472 | 67,178 | ||||||||||||
Deferred contract acquisition and fulfillment costs, non-current portion | 46,132 | 43,103 | ||||||||||||
Goodwill | 254,418 | 213,601 | ||||||||||||
Intangible assets, net | 54,179 | 44,296 | ||||||||||||
Other assets | 9,450 | 8,271 | ||||||||||||
Total assets | $ | 1,240,309 | $ | 913,122 | ||||||||||
Liabilities and Stockholders’ Equity (Deficit) | ||||||||||||||
Current liabilities: | ||||||||||||||
Accounts payable | $ | 2,063 | $ | 3,860 | ||||||||||
Accrued expenses | 55,633 | 61,677 | ||||||||||||
Operating lease liabilities, current portion | 9,285 | 9,612 | ||||||||||||
Deferred revenue, current portion | 302,186 | 278,585 | ||||||||||||
Convertible senior notes, current portion, net | 44,730 | — | ||||||||||||
Other current liabilities | 303 | — | ||||||||||||
Total current liabilities | 414,200 | 353,734 | ||||||||||||
Convertible senior notes, non-current portion, net | 810,093 | 378,586 | ||||||||||||
Operating lease liabilities, non-current portion | 71,691 | 75,737 | ||||||||||||
Deferred revenue, non-current portion | 30,124 | 31,365 | ||||||||||||
Other long-term liabilities | 9,596 | 2,164 | ||||||||||||
Total liabilities | 1,335,704 | 841,586 | ||||||||||||
Stockholders’ equity (deficit): | ||||||||||||||
Common stock | 557 | 522 | ||||||||||||
Treasury stock | (4,764) | (4,764) | ||||||||||||
Additional paid-in-capital | 562,652 | 692,603 | ||||||||||||
Accumulated other comprehensive (loss) income | (137) | 454 | ||||||||||||
Accumulated deficit | (653,703) | (617,279) | ||||||||||||
Total stockholders’ equity (deficit) | (95,395) | 71,536 | ||||||||||||
Total liabilities and stockholders’ equity (deficit) | $ | 1,240,309 | $ | 913,122 |
Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | ||||||||||||||||||||
Revenue: | |||||||||||||||||||||||
Products | $ | 119,147 | $ | 92,430 | $ | 228,432 | $ | 179,979 | |||||||||||||||
Professional services | 7,274 | 6,482 | 15,440 | 13,273 | |||||||||||||||||||
Total revenue | 126,421 | 98,912 | 243,872 | 193,252 | |||||||||||||||||||
Cost of revenue: | |||||||||||||||||||||||
Products | 33,169 | 23,118 | 62,819 | 44,373 | |||||||||||||||||||
Professional services | 6,139 | 5,963 | 12,778 | 12,422 | |||||||||||||||||||
Total cost of revenue | 39,308 | 29,081 | 75,597 | 56,795 | |||||||||||||||||||
Total gross profit | 87,113 | 69,831 | 168,275 | 136,457 | |||||||||||||||||||
Operating expenses: | |||||||||||||||||||||||
Research and development | 35,305 | 26,120 | 68,385 | 50,322 | |||||||||||||||||||
Sales and marketing | 56,246 | 44,959 | 111,224 | 93,104 | |||||||||||||||||||
General and administrative | 17,488 | 14,484 | 33,708 | 28,583 | |||||||||||||||||||
Total operating expenses | 109,039 | 85,563 | 213,317 | 172,009 | |||||||||||||||||||
Loss from operations | (21,926) | (15,732) | (45,042) | (35,552) | |||||||||||||||||||
Other income (expense), net: | |||||||||||||||||||||||
Interest income | 122 | 208 | 218 | 1,256 | |||||||||||||||||||
Interest expense | (3,059) | (5,917) | (8,453) | (9,379) | |||||||||||||||||||
Other income (expense), net | 148 | 210 | (919) | (237) | |||||||||||||||||||
Loss before income taxes | (24,715) | (21,231) | (54,196) | (43,912) | |||||||||||||||||||
Provision for income taxes | 9,449 | 235 | 9,813 | 478 | |||||||||||||||||||
Net loss | $ | (34,164) | $ | (21,466) | $ | (64,009) | $ | (44,390) | |||||||||||||||
Net loss per share, basic and diluted | $ | (0.62) | $ | (0.42) | $ | (1.18) | $ | (0.88) | |||||||||||||||
Weighted-average common shares outstanding, basic and diluted | 55,392,383 | 50,695,706 | 54,169,464 | 50,411,508 |
Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | ||||||||||||||||||||
Cash flows from operating activities: | |||||||||||||||||||||||
Net loss | $ | (34,164) | $ | (21,466) | $ | (64,009) | $ | (44,390) | |||||||||||||||
Adjustments to reconcile net loss to cash provided by (used in) operating activities: | |||||||||||||||||||||||
Depreciation and amortization | 7,028 | 5,576 | 13,768 | 10,419 | |||||||||||||||||||
Amortization of debt discount and issuance costs | 1,133 | 4,264 | 1,791 | 7,007 | |||||||||||||||||||
Stock-based compensation expense | 23,814 | 16,446 | 44,676 | 29,793 | |||||||||||||||||||
Deferred income taxes | 3,924 | — | 3,924 | — | |||||||||||||||||||
Induced conversion expense | — | — | 2,740 | — | |||||||||||||||||||
Other | 42 | 224 | 1,446 | 1,060 | |||||||||||||||||||
Change in operating assets and liabilities: | |||||||||||||||||||||||
Accounts receivable | (21,598) | (11,773) | 12,816 | 10,835 | |||||||||||||||||||
Deferred contract acquisition and fulfillment costs | (3,497) | (2,478) | (5,453) | (2,994) | |||||||||||||||||||
Prepaid expenses and other assets | 530 | 1,638 | 394 | 1,773 | |||||||||||||||||||
Accounts payable | (1,879) | (3,873) | (1,329) | 137 | |||||||||||||||||||
Accrued expenses | 7,837 | 7,126 | (7,592) | (7,437) | |||||||||||||||||||
Deferred revenue | 21,233 | 4,675 | 22,220 | (11,996) | |||||||||||||||||||
Other liabilities | 4,783 | 83 | 4,389 | (980) | |||||||||||||||||||
Net cash provided by (used in) operating activities | 9,186 | 442 | 29,781 | (6,773) | |||||||||||||||||||
Cash flows from investing activities: | |||||||||||||||||||||||
Business acquisition, net of cash acquired | (2,700) | (125,771) | (52,420) | (125,771) | |||||||||||||||||||
Purchases of property and equipment | (1,699) | (1,199) | (2,671) | (3,955) | |||||||||||||||||||
Capitalization of internal-use software costs | (2,447) | (1,474) | (4,205) | (2,948) | |||||||||||||||||||
Purchases of investments | (52,914) | (24,987) | (59,308) | (49,259) | |||||||||||||||||||
Sales/maturities of investments | 46,038 | 32,675 | 87,938 | 146,599 | |||||||||||||||||||
Other | — | — | (1,500) | — | |||||||||||||||||||
Net cash used in investing activities | (13,722) | (120,756) | (32,166) | (35,334) | |||||||||||||||||||
Cash flows from financing activities: | |||||||||||||||||||||||
Proceeds from issuance of convertible senior notes, net of issuance costs paid | (1,660) | 223,500 | 585,440 | 223,500 | |||||||||||||||||||
Purchase of capped calls related to convertible senior notes | — | (27,255) | (76,020) | (27,255) | |||||||||||||||||||
Payments of debt issuance costs | — | (248) | — | (248) | |||||||||||||||||||
Payments for repurchase of convertible senior notes | (2,002) | — | (184,649) | — | |||||||||||||||||||
Payments related to business acquisition | — | — | (2,431) | — | |||||||||||||||||||
Taxes paid related to net share settlement of equity awards | (3,347) | (1,917) | (6,671) | (3,450) | |||||||||||||||||||
Proceeds from employee stock purchase plan | — | — | 4,467 | 3,346 | |||||||||||||||||||
Proceeds from stock option exercises | 1,103 | 2,167 | 2,530 | 3,728 | |||||||||||||||||||
Net cash (used in) provided by financing activities | (5,906) | 196,247 | 322,666 | 199,621 | |||||||||||||||||||
Effects of exchange rates on cash, cash equivalents and restricted cash | 207 | 259 | (293) | (301) | |||||||||||||||||||
Net (decrease) increase in cash, cash equivalents and restricted cash | (10,235) | 76,192 | 319,988 | 157,213 | |||||||||||||||||||
Cash, cash equivalents and restricted cash, beginning of period | 503,840 | 204,434 | 173,617 | 123,413 | |||||||||||||||||||
Cash, cash equivalents and restricted cash, end of period | $ | 493,605 | $ | 280,626 | $ | 493,605 | $ | 280,626 |
Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | ||||||||||||||||||||
GAAP gross profit | $ | 87,113 | $ | 69,831 | $ | 168,275 | $ | 136,457 | |||||||||||||||
Add: Stock-based compensation expense1 | 1,812 | 1,131 | 3,366 | 2,062 | |||||||||||||||||||
Add: Amortization of acquired intangible assets2 | 2,920 | 2,175 | 5,661 | 3,833 | |||||||||||||||||||
Non-GAAP gross profit | $ | 91,845 | $ | 73,137 | $ | 177,302 | $ | 142,352 | |||||||||||||||
Non-GAAP gross margin | 72.7 | % | 73.9 | % | 72.7 | % | 73.7 | % | |||||||||||||||
GAAP gross profit - Products | $ | 85,978 | $ | 69,312 | $ | 165,613 | $ | 135,606 | |||||||||||||||
Add: Stock-based compensation expense | 1,200 | 710 | 2,218 | 1,283 | |||||||||||||||||||
Add: Amortization of acquired intangible assets | 2,920 | 2,175 | 5,661 | 3,833 | |||||||||||||||||||
Non-GAAP gross profit - Products | $ | 90,098 | $ | 72,197 | $ | 173,492 | $ | 140,722 | |||||||||||||||
Non-GAAP gross margin - Products | 75.6 | % | 78.1 | % | 75.9 | % | 78.2 | % | |||||||||||||||
GAAP gross profit - Professional services | $ | 1,135 | $ | 519 | $ | 2,662 | $ | 851 | |||||||||||||||
Add: Stock-based compensation expense | 612 | 421 | 1,148 | 779 | |||||||||||||||||||
Non-GAAP gross profit - Professional services | $ | 1,747 | $ | 940 | $ | 3,810 | $ | 1,630 | |||||||||||||||
Non-GAAP gross margin - Professional services | 24.0 | % | 14.5 | % | 24.7 | % | 12.3 | % | |||||||||||||||
GAAP loss from operations | $ | (21,926) | $ | (15,732) | $ | (45,042) | $ | (35,552) | |||||||||||||||
Add: Stock-based compensation expense1 | 23,814 | 16,446 | 44,676 | 29,793 | |||||||||||||||||||
Add: Amortization of acquired intangible assets2 | 3,068 | 2,285 | 5,957 | 3,975 | |||||||||||||||||||
Add: Acquisition-related expenses3 | 863 | 831 | 2,031 | 1,138 | |||||||||||||||||||
Add: Litigation-related expenses4 | 251 | 435 | 354 | 978 | |||||||||||||||||||
Non-GAAP income from operations | $ | 6,070 | $ | 4,265 | $ | 7,976 | $ | 332 | |||||||||||||||
GAAP net loss | $ | (34,164) | $ | (21,466) | $ | (64,009) | $ | (44,390) | |||||||||||||||
Add: Stock-based compensation expense1 | 23,814 | 16,446 | 44,676 | 29,793 | |||||||||||||||||||
Add: Amortization of acquired intangible assets2 | 3,068 | 2,285 | 5,957 | 3,975 | |||||||||||||||||||
Add: Acquisition-related expenses3 | 9,828 | 831 | 10,996 | 1,138 | |||||||||||||||||||
Add: Litigation-related expenses4 | 251 | 435 | 354 | 978 | |||||||||||||||||||
Add: Amortization of debt discount and issuance costs | 1,133 | 4,264 | 1,791 | 7,007 | |||||||||||||||||||
Add: Induced conversion expense | — | — | 2,740 | — | |||||||||||||||||||
Non-GAAP net income (loss) | $ | 3,930 | $ | 2,795 | $ | 2,505 | $ | (1,499) | |||||||||||||||
Reconciliation of net income (loss) per share, basic | |||||||||||||||||||||||
GAAP net loss per share, basic | $ | (0.62) | $ | (0.42) | $ | (1.18) | $ | (0.88) | |||||||||||||||
Non-GAAP adjustments to net loss | 0.69 | 0.48 | 1.23 | 0.85 | |||||||||||||||||||
Non-GAAP net income (loss) per share, basic | $ | 0.07 | $ | 0.06 | $ | 0.05 | $ | (0.03) | |||||||||||||||
Reconciliation of net income (loss) per share, diluted | |||||||||||||||||||||||
GAAP net loss per share, diluted | $ | (0.62) | $ | (0.42) | $ | (1.18) | $ | (0.88) | |||||||||||||||
Non-GAAP adjustments to net loss | 0.69 | 0.47 | 1.22 | 0.85 | |||||||||||||||||||
Non-GAAP net income (loss) per share, diluted | $ | 0.07 | $ | 0.05 | $ | 0.04 | $ | (0.03) |
Weighted average shares used in GAAP and non-GAAP per share calculation, basic and diluted | 55,392,383 | 50,695,706 | 54,169,464 | 50,411,508 | |||||||||||||||||||
Weighted average shares used in GAAP and non-GAAP per share calculation: | |||||||||||||||||||||||
Basic | 55,392,383 | 50,695,706 | 54,169,464 | 50,411,508 | |||||||||||||||||||
Diluted | 57,731,694 | 53,063,261 | 56,626,465 | 50,411,508 | |||||||||||||||||||
1 Includes stock-based compensation expense as follows: | |||||||||||||||||||||||
Cost of revenue | $ | 1,812 | $ | 1,131 | $ | 3,366 | $ | 2,062 | |||||||||||||||
Research and development | 9,420 | 6,389 | 17,235 | 11,034 | |||||||||||||||||||
Sales and marketing | 6,038 | 4,345 | 11,784 | 8,023 | |||||||||||||||||||
General and administrative | 6,544 | 4,581 | 12,291 | 8,674 | |||||||||||||||||||
2 Includes amortization of acquired intangible assets as follows: | |||||||||||||||||||||||
Cost of revenue | $ | 2,920 | $ | 2,175 | $ | 5,661 | $ | 3,833 | |||||||||||||||
Sales and marketing | 103 | 80 | 206 | 112 | |||||||||||||||||||
General and administrative | 45 | 30 | 90 | 30 | |||||||||||||||||||
3 Includes acquisition-related expenses as follows: | |||||||||||||||||||||||
Sales and marketing | $ | — | $ | — | $ | 122 | $ | — | |||||||||||||||
General and administrative | 863 | 831 | 1,909 | 1,138 | |||||||||||||||||||
Provision for income taxes | 8,965 | — | 8,965 | — | |||||||||||||||||||
4 Includes litigation-related expenses as follows: | |||||||||||||||||||||||
General and administrative | $ | 251 | $ | 435 | $ | 354 | $ | 978 |
Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | ||||||||||||||||||||
GAAP net loss | $ | (34,164) | $ | (21,466) | $ | (64,009) | $ | (44,390) | |||||||||||||||
Interest income | (122) | (208) | (218) | (1,256) | |||||||||||||||||||
Interest expense | 3,059 | 5,917 | 8,453 | 9,379 | |||||||||||||||||||
Other (income) expense, net | (148) | (210) | 919 | 237 | |||||||||||||||||||
Provision for income taxes | 9,449 | 235 | 9,813 | 478 | |||||||||||||||||||
Depreciation expense | 3,053 | 2,740 | 6,047 | 5,415 | |||||||||||||||||||
Amortization of intangible assets | 3,975 | 2,836 | 7,721 | 5,004 | |||||||||||||||||||
Stock-based compensation expense | 23,814 | 16,446 | 44,676 | 29,793 | |||||||||||||||||||
Acquisition-related expenses | 863 | 831 | 2,031 | 1,138 | |||||||||||||||||||
Litigation-related expenses | 251 | 435 | 354 | 978 | |||||||||||||||||||
Adjusted EBITDA | $ | 10,030 | $ | 7,556 | $ | 15,787 | $ | 6,776 |
Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | ||||||||||||||||||||
Net cash provided by (used in) operating activities | $ | 9,186 | $ | 442 | $ | 29,781 | $ | (6,773) | |||||||||||||||
Less: Purchases of property and equipment | (1,699) | (1,199) | (2,671) | (3,955) | |||||||||||||||||||
Less: Capitalized internal-use software costs | (2,447) | (1,474) | (4,205) | (2,948) | |||||||||||||||||||
Free cash flow | $ | 5,040 | $ | (2,231) | $ | 22,905 | $ | (13,676) |
Third Quarter | Full-Year | ||||||||||
2021 | 2021 | ||||||||||
Reconciliation of GAAP to non-GAAP loss from operations: | |||||||||||
Anticipated GAAP loss from operations | $ | (37.8) | $ | (117.8) | |||||||
Add: Anticipated stock-based compensation expense | 28.7 | 103.6 | |||||||||
Add: Anticipated amortization of acquired intangible assets | 3.1 | 11.9 | |||||||||
Add: Anticipated acquisition-related expenses | 5.5 | 8.9 | |||||||||
Add: Anticipated litigation-related expenses | — | 0.4 | |||||||||
Anticipated non-GAAP (loss) income from operations | $ | (0.5) | $ | 7.0 | |||||||
Reconciliation of GAAP to non-GAAP net loss: | |||||||||||
Anticipated GAAP net loss | $ | (42.3) | $ | (145.7) | |||||||
Add: Anticipated stock-based compensation expense | 28.7 | 103.6 | |||||||||
Add: Anticipated amortization of acquired intangible assets | 3.1 | 11.9 | |||||||||
Add: Anticipated acquisition-related expenses | 5.5 | 17.9 | |||||||||
Add: Anticipated litigation-related expenses | — | 0.4 | |||||||||
Add: Anticipated amortization of debt issuance costs | 1.2 | 4.1 | |||||||||
Add: Anticipated induced conversion expense | — | 2.7 | |||||||||
Anticipated non-GAAP net loss | $ | (3.8) | $ | (5.1) | |||||||
Anticipated GAAP net loss per share, basic and diluted | $ | (0.75) | $ | (2.63) | |||||||
Anticipated non-GAAP net loss per share, basic and diluted | $ | (0.07) | $ | (0.09) | |||||||
Weighted average shares used in GAAP per share calculation, basic and diluted | 56.1 | 55.3 |
Full-Year 2021 | |||||
Reconciliation of net cash provided by operating activities to free cash flow: | |||||
Net cash provided by operating activities | $ | 37.0 | |||
Purchases of property and equipment | (8.5) | ||||
Capitalized internal-use software costs | (8.5) | ||||
Free cash flow | $ | 20.0 |
Cover Page Document |
Jul. 29, 2021 |
---|---|
Cover [Abstract] | |
Document Type | 8-K |
Document Period End Date | Jul. 29, 2021 |
Entity Registrant Name | Rapid7, Inc. |
Entity Incorporation, State or Country Code | DE |
Entity File Number | 001-37496 |
Entity Tax Identification Number | 35-2423994 |
Entity Address, City or Town | Boston, |
Entity Address, State or Province | MA |
Entity Address, Postal Zip Code | 02114 |
City Area Code | 617 |
Local Phone Number | 247-1717 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Title of 12(b) Security | Common Stock, $0.01 par value per share |
Trading Symbol | RPD |
Security Exchange Name | NASDAQ |
Entity Emerging Growth Company | false |
Entity Central Index Key | 0001560327 |
Amendment Flag | false |
Entity Address, Address Line One | 120 Causeway Street, |
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