Rapid7, inc. (RPD)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Sep'14Jun'14
Revenue:
Total revenue

94,340

91,648

83,155

78,959

73,185

68,770

62,365

58,441

54,515

57,731

50,521

47,443

45,245

45,034

40,339

37,268

34,796

32,853

28,312

25,790

23,571

20,329

17,880

Cost of revenue:
Total cost of revenue

27,714

25,362

23,630

22,181

19,973

19,286

17,810

17,393

16,594

17,200

14,367

13,079

12,264

11,682

10,038

9,293

8,712

8,962

7,063

6,727

6,492

4,656

4,210

Total gross profit

66,626

66,286

59,525

56,778

53,212

49,484

44,555

41,048

37,921

40,531

36,154

34,364

32,981

33,352

30,301

27,975

26,084

23,891

21,249

19,063

17,079

15,673

13,670

Operating expenses:
Research and development

24,202

21,719

20,154

19,626

17,865

17,828

17,111

16,082

16,722

14,102

13,570

11,873

11,393

11,065

11,616

12,932

12,342

14,256

9,945

8,131

6,414

6,330

6,328

Sales and marketing

48,145

44,508

39,904

38,172

35,138

32,531

30,570

31,157

29,052

31,427

28,224

27,132

24,810

24,792

21,284

21,680

22,768

23,413

16,265

14,457

13,230

12,155

11,561

General and administrative

14,099

12,374

11,223

11,160

9,953

9,937

8,175

8,149

8,732

8,387

7,402

7,256

7,248

7,440

7,605

6,644

6,593

7,093

5,537

5,048

4,053

3,136

3,174

Total operating expenses

86,446

78,601

71,281

68,958

62,956

60,296

55,856

55,388

54,506

53,916

49,196

46,261

43,451

43,297

40,505

41,256

41,703

44,762

31,747

27,636

23,697

21,621

21,063

Loss from operations

-19,820

-12,315

-11,756

-12,180

-9,744

-10,812

-11,301

-14,340

-16,585

-13,385

-13,042

-11,897

-10,470

-9,945

-10,204

-13,281

-15,619

-20,871

-10,498

-8,573

-6,618

-5,948

-7,393

Other income (expense), net:
Interest income

1,048

1,253

1,448

1,582

1,731

1,709

813

464

243

-

209

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense

3,462

3,449

3,399

3,312

3,229

3,253

1,679

0

2

-

11

-

-

-

-

-

-

-

-

-

-

-

-

Interest income (expense), net

-

-

-

-

-

-

-

-

-

-

-

218

169

-

44

26

-15

-34

-1,067

-737

-685

-703

-703

Other income (expense), net

-447

294

-492

-29

-206

-269

181

-326

78

-36

235

229

-115

-293

36

-48

196

-87

-49

163

-305

-227

4

Loss before income taxes

-22,681

-14,217

-14,199

-13,939

-11,448

-12,625

-11,986

-14,202

-16,266

-13,231

-12,609

-11,450

-10,416

-10,162

-10,124

-13,303

-15,438

-20,992

-11,614

-9,147

-7,608

-6,878

-8,092

Provision for income taxes

243

129

207

-519

225

395

-155

131

95

-227

-2,325

187

129

-388

70

149

142

114

211

97

74

89

95

Net loss

-22,924

-14,346

-14,406

-13,420

-11,673

-13,020

-11,831

-14,333

-16,361

-13,004

-10,284

-11,637

-10,545

-9,774

-10,194

-13,452

-15,580

-21,106

-11,825

-9,244

-7,682

-6,967

-8,187

Accretion of preferred stock to redemption value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

23,788

11,273

-12,436

15,464

Beneficial conversion charge relating to IPO participation payment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,161

-

-

-

-

Net loss attributable to common stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-21,106

-25,986

-33,032

-18,955

5,469

-

Net loss attributable to common stockholders, basic and diluted (note 6)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-23,651

Net loss per share, basic and diluted (in dollars per share)

-0.46

-0.29

-0.29

-0.28

-0.24

-0.28

-0.25

-0.31

-0.36

-0.30

-0.24

-0.27

-0.25

-0.23

-0.25

-0.33

-0.38

0.88

-0.79

-2.59

-1.50

-

-1.85

Weighted-average common shares outstanding, basic and diluted (in shares)

50,127

49,627

49,020

48,451

47,827

47,423

46,914

46,279

45,210

43,834

43,279

42,681

42,016

41,900

41,482

41,063

40,547

40,554

33,020

12,745

12,642

-

12,762

Net (loss) income per share attributable to common stockholders, basic (note 7)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.43

-

Net loss per share attributable to common stockholders, diluted (note 7)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.25

-

Weighted-average common shares outstanding, basic (note 7)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,790

-

Weighted-average common shares outstanding, diluted (note 7)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

27,651

-

Products [Member]
Total revenue

87,549

64,769

67,298

63,207

65,845

50,420

43,829

39,043

35,279

34,012

29,626

27,168

25,942

24,695

23,108

21,456

20,145

18,883

16,240

14,639

13,645

12,428

11,013

Total cost of revenue

21,256

15,132

15,627

14,556

14,369

11,430

10,294

9,650

8,436

8,428

6,888

5,557

4,710

3,747

3,415

2,687

2,598

2,532

1,504

1,339

1,546

1,105

1,022

Maintenance [Member]
Total revenue

-

-

9,178

9,372

-

10,246

10,614

10,610

10,753

12,474

11,654

11,338

10,802

10,366

9,694

8,962

8,381

7,849

7,002

6,253

5,799

5,011

4,474

Total cost of revenue

-

-

2,076

2,081

-

1,921

1,901

2,007

1,849

2,024

1,739

1,850

1,878

1,865

1,801

1,758

1,681

1,875

1,505

1,412

1,210

1,118

1,152

Professional Services [Member]
Total revenue

6,791

8,651

6,679

6,380

7,340

8,104

7,922

8,788

8,483

11,245

9,241

8,937

8,501

9,973

7,537

6,850

6,270

6,121

5,070

4,898

4,127

2,890

2,393

Total cost of revenue

6,458

5,892

5,927

5,544

5,604

5,935

5,615

5,736

6,309

6,748

5,740

5,672

5,676

6,070

4,822

4,848

4,433

4,555

4,054

3,976

3,736

2,433

2,036