Rubrik (NYSE:RBRK) stock surged over 25% intra-day today after the cloud data management company reported a smaller-than-expected quarterly loss and issued a strong revenue forecast for fiscal 2026.
For the fourth quarter, the company posted a loss per share of $0.18, outperforming analyst expectations of a $0.38 loss. Revenue climbed to $258.1 million, up from $233.1 million a year ago, reflecting steady growth in demand for its cloud-based solutions. Additionally, net new annual recurring revenue (ARR) reached approximately $90 million, exceeding market forecasts.
Looking ahead, Rubrik anticipates fiscal 2026 losses per share between $1.23 and $1.13, slightly better than the expected $1.25 loss per share. The company also projected full-year revenue between $1.145 billion and $1.16 billion, comfortably surpassing Wall Street’s estimate of $1.1 billion.