capital · May 21, 2026

Rapid7 reports Q1 2026 revenue of $209.7 million with non-GAAP operating income of $24.4 million and free cash flow of $33.4 million

Rapid7 reported Q1 2026 total revenue of $209.7 million flat year over year and non-GAAP operating income of $24.4 million for an 11.7 percent margin. Free cash flow reached $33.4 million with full year guidance of $125 million to $135 million and cash position at $670 million. The company acquired Kensile Security to advance its AI-powered security operations center and autonomous incident handling for MDR efficiency. Gross margins stood at 72 percent down 280 basis points year over year from SOC staffing investments.