OverviewSuggest Edit

Rapid7 is a company providing vulnerability risk management solutions. It offers Rapid Insight, a cloud platform that helps security teams reduce vulnerabilities, monitor for malicious behavior, investigate and shut down attacks, and automate routine tasks. The company also provides security and product consulting, training, certification, support, and managed services. Rapid7 serves energy, financial services, government, education, retail, and healthcare industries.

TypePublic
Founded2000
HQBoston, MA, US
Websiterapid7.com
Employee Ratings4.3
Overall CultureA+

Latest Updates

Employees (est.) (Dec 2019)1,544(+24%)
Job Openings173
Revenue (FY, 2020)$411.5 M(+26%)
Share Price (Apr 2021)$77.3(+4%)
Cybersecurity ratingAMore

Key People/Management at Rapid7

Corey E. Thomas

Corey E. Thomas

Chairman & Chief Executive Officer, Director
Andrew Burton

Andrew Burton

President & Chief Operating Officer
Tas Giakouminakis

Tas Giakouminakis

Co-Founder & Chief Technology Officer
Christina Luconi

Christina Luconi

Chief People Officer
Peter Kaes

Peter Kaes

General Counsel & Secretary
Jeff Kalowski

Jeff Kalowski

Chief Financial Officer
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Rapid7 Office Locations

Rapid7 has offices in Boston, Arlington, Austin, El Segundo and in 9 other locations
Boston, MA, US (HQ)
120 Causeway St #400
Arlington, VA, US
901 N Glebe Rd #400
Austin, TX, US
401 Congress Ave #1900
El Segundo, CA, US
777 Aviation Blvd #210
Melbourne, AU
level 6/607 Bourke St
Toronto, CA
1 Toronto St #700Toronto
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Rapid7 Financials and Metrics

Rapid7 Revenue

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Rapid7's revenue was reported to be $411.49 m in FY, 2020
USD

Revenue (FY, 2020)

411.5m

Gross profit (FY, 2020)

290.0m

Gross profit margin (FY, 2020), %

70.5%

Net income (FY, 2020)

(98.8m)

EBIT (FY, 2020)

(74.1m)

Market capitalization (1-Apr-2021)

4.1b

Closing stock price (1-Apr-2021)

77.3

Cash (31-Dec-2020)

173.6m

EV

4.4b
Rapid7's current market capitalization is $4.1 b.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

200.9m244.1m326.9m411.5m

Revenue growth, %

28%21%34%

Cost of goods sold

56.9m71.1m91.1m121.5m

Gross profit

144.0m173.0m235.8m290.0m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

54.5m58.4m62.4m73.2m79.0m83.2m94.3m92.4m98.6m

Cost of goods sold

16.6m17.4m17.8m20.0m22.2m23.6m27.7m23.1m25.2m

Gross profit

37.9m41.0m44.6m53.2m56.8m59.5m66.6m69.3m73.4m

Gross profit Margin, %

70%70%71%73%72%72%71%75%74%
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Cash

51.6m99.6m123.4m173.6m

Accounts Receivable

73.7m74.9m87.9m111.6m

Prepaid Expenses

27.8m

Current Assets

173.3m355.8m364.6m473.4m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

99.6m100.7m131.2m89.9m126.6m114.9m204.4m279.3m239.4m

Accounts Receivable

38.7m48.5m53.8m59.7m69.3m62.4m64.4m76.8m73.6m

Prepaid Expenses

19.6m20.7m20.5m

Current Assets

188.8m185.9m347.6m339.9m344.3m339.9m342.3m431.6m434.0m
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

(45.5m)(55.5m)(53.8m)(98.8m)

Depreciation and Amortization

7.6m11.1m16.5m22.6m

Accounts Payable

(2.3m)3.7m92.0k(2.4m)

Cash From Operating Activities

13.3m6.1m(1.4m)4.9m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

(16.4m)(30.7m)(42.5m)(11.7m)(25.1m)(39.5m)(22.9m)(44.4m)(69.9m)

Depreciation and Amortization

2.4m5.1m7.7m3.4m7.4m12.0m4.8m10.4m16.3m

Accounts Payable

3.2m2.4m565.0k66.0k2.2m1.1m4.0m137.0k1.9m

Cash From Operating Activities

7.3m(1.8m)(5.9m)(13.6m)(11.1m)(9.2m)(7.2m)(6.8m)4.3m
USDFY, 2017

Revenue/Employee

186.2k

Financial Leverage

11.8 x
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Rapid7 Operating Metrics

Rapid7's Customers was reported to be 9 k in FY, 2019.
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Rapid7 Acquisitions / Subsidiaries

Company NameDateDeal Size
AlcideFebruary 01, 2021$50 m
NetFortApril 02, 2019
tCellOctober 15, 2018
KomandJuly 18, 2017$50 m
LogentriesOctober 13, 2015$68 m
NTObjectivesMay 04, 2015
MobilisafeOctober 09, 2012
MetasploitOctober 20, 2009
Komand Inc.
Rapid7 Australia Pty Ltd.
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Rapid7 Revenue Breakdown

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Rapid7 revenue breakdown by business segment: 11.9% from Term and Perpetual Software Licenses, 67.5% from Subscription, 8.9% from Professional Services, 11.2% from Maintenance and Support and 0.5% from Other

Rapid7 revenue breakdown by geographic segment: 81.0% from United States and 19.0% from Other

Rapid7 Cybersecurity Score

Cybersecurity ratingPremium dataset

A

96/100

SecurityScorecard logo

Rapid7 Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Rapid7 Online and Social Media Presence

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Rapid7 Company Culture

  • Overall Culture

    A+

    85/100

  • CEO Rating

    A+

    93/100

  • Compensation

    A+

    90/100

  • Diversity

    A-

    81/100

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Rapid7 News and Updates

Rapid7 Named a Strong Performer in Managed Detection and Response Report

BOSTON, March 24, 2021 (GLOBE NEWSWIRE) -- Rapid7, Inc. (NASDAQ: RPD), a leading provider of security analytics and automation, today announced it has been positioned as a Strong Performer in "The Forrester Wave™: Managed Detection and Response Providers, Q1 2021," a report published by Forrester …

Rapid7 Announces Upsized Pricing of $525 Million Convertible Senior Notes Offering

BOSTON, March 17, 2021 (GLOBE NEWSWIRE) -- Rapid7, Inc. (“Rapid7”) (Nasdaq: RPD) today announced the pricing of $525.0 million aggregate principal amount of 0.25% convertible senior notes due 2027 (the “notes”) in a private placement to persons reasonably believed to be qualified institutional buy…

Rapid7 to Host Virtual Investor Day on March 10, 2021

BOSTON, March 02, 2021 (GLOBE NEWSWIRE) -- Rapid7, Inc. (NASDAQ: RPD), a leading provider of security analytics and automation, today announced that it will be hosting a Virtual Investor Day on Wednesday, March 10, 2021. Members of Rapid7’s executive team will give presentations regarding the comp…

Rapid7 Aiming To Grow 20% In 2021

With a 20% growth forecast and market-beating stock performance, can Rapid7 keep exceeding investor expectations?

Rapid7 to Present at Upcoming Investor Conference

BOSTON, Feb. 10, 2021 (GLOBE NEWSWIRE) -- Rapid7, Inc. (NASDAQ: RPD), a leading provider of security analytics and automation, today announced that management will be presenting at the following virtual conference.

Rapid7 acquires Alcide for $50 million to meet growing cloud security demand

Rapid7 has acquired Alcide, a security startup that specializes in Kubernetes and container-based architectures.
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Rapid7 Blogs

MDR Must-Haves, Part 6: Threat Validation and Detailed Reporting

Engaging a managed security service provider—either a traditional MSSP or MDR provider—should never involve wasting your time.

MDR Vendor Must-Haves, Part 5: Multiple Threat Detection Methodologies, Including Deep Attacker Behavior Analysis

The best Managed Detection and Response (MDR) providers use a combination of threat intelligence, User Behavior Analytics (UBA), Attacker Behavior Analytics (ABA), and human threat hunts to provide detection for threats and attackers.

What’s New in InsightIDR: Q1 2021 in Review

Back at the start of the year, we reflected on some of our 2020 InsightIDR product investments and took a look at what was ahead in 2021. As the first quarter of the year comes to a close, we wanted to offer a closer look at some of the recent updates and releases in InsightIDR.

Attackers Targeting Fortinet Devices and SAP Applications

CISA and the FBI published a joint alert to warn users that APT threat actors were likely exploiting unpatched Fortinet FortiOS devices to gain initial access to government, commercial, technology, and other organizations’ networks.

Kubernetes Namespaces Are Not as Secure as You Think

A common misconception around namespaces is that they are truly separated. However, it is more likely to think of it as a police tape—you know it is there, but it is fairly easy to bypass it.

Looking Back and Moving Forward With Rapid7’s Cloud Security Solution

The DivvyCloud by Rapid7 team has had a busy and productive start to 2021, and we anticipate that the rest of this year will be equally exciting for our valued customers.
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Rapid7 Frequently Asked Questions

  • When was Rapid7 founded?

    Rapid7 was founded in 2000.

  • Who are Rapid7 key executives?

    Rapid7's key executives are Corey E. Thomas, Andrew Burton and Tas Giakouminakis.

  • How many employees does Rapid7 have?

    Rapid7 has 1,544 employees.

  • What is Rapid7 revenue?

    Latest Rapid7 annual revenue is $411.5 m.

  • What is Rapid7 revenue per employee?

    Latest Rapid7 revenue per employee is $266.5 k.

  • Who are Rapid7 competitors?

    Competitors of Rapid7 include Trustwave, Cybereason and Skybox Security.

  • Where is Rapid7 headquarters?

    Rapid7 headquarters is located at 120 Causeway St #400, Boston.

  • Where are Rapid7 offices?

    Rapid7 has offices in Boston, Arlington, Austin, El Segundo and in 9 other locations.

  • How many offices does Rapid7 have?

    Rapid7 has 13 offices.