Rubrik, Inc. (RBRK) Stock Price & How to Invest

Rubrik (RBRK) is a data security and cyber-resilience company that went public in 2024. Its platform protects, backs up, and recovers an organization's data across on-premises systems, public clouds, and SaaS applications, with a particular emphasis on defending against ransomware. Rather than positioning itself only as backup, Rubrik markets a Zero Trust Data Security approach: immutable backups, continuous monitoring for sensitive data and threats, and rapid recovery so companies can restore operations after an attack.

Rubrik sells primarily through subscriptions, and it has shifted heavily toward cloud-delivered, recurring revenue measured by subscription annual recurring revenue (ARR). Customers are mostly mid-size and large enterprises plus government agencies that treat data protection as a security problem, not just IT housekeeping. Founded in 2014 and headquartered in Palo Alto, California, Rubrik competes at the intersection of two large markets, data backup and cybersecurity, riding the surge in ransomware and the regulatory push for resilient, recoverable data.

The numbers have scaled quickly. Revenue for the fiscal year ended January 2026 was ~$1.32 billion, up from ~$887 million the year before, and trailing twelve-month revenue reached ~$1.54 billion by July 2026. In the fiscal second quarter ended July 31, 2026, revenue rose ~38% year over year to ~$427.3 million, the GAAP net loss was ~$61.8 million, and adjusted EPS of ~$0.20 compared with a ~$0.04 consensus, the fourth straight quarter of beating estimates. Gross margin is about ~80%, and trailing free cash flow is roughly ~$480 million even though the trailing GAAP net loss is still ~$254 million. Rubrik is also pushing into AI security: in October 2026 it expanded its Project Hourglass effort with Rubrik Code Guardian, a product built on Anthropic's Claude models.

Rubrik is still unprofitable on a GAAP basis as it invests for growth (a trailing net loss of ~$254 million and an operating margin near ~-17%), and stock-based compensation is significant following its IPO. Valuation risk has risen with the share price: at ~$109.57 on October 16, 2026 the stock trades near ~15x trailing sales and ~143x forward earnings, after a ~45% gain in 2026, and insiders have continued to sell, including a ~$4.8 million sale disclosed in October. It competes against deep-pocketed incumbents (Cohesity-Veritas, Commvault, Dell, Veeam) and cloud providers' native backup, plus broad security platforms expanding into data protection. As a recently public company, it carries elevated valuation sensitivity and lock-up and dilution dynamics. Growth could decelerate if enterprise IT budgets tighten or if larger platforms bundle comparable cyber-resilience capabilities. Execution on the path to sustained profitability, while defending share in a crowded backup-plus-security market, is the central uncertainty for the stock.

27 analysts publish price targets on RBRK, averaging $120.15 against a $112.41 price as of October 2026, or +6.9%. The published targets run from $110.00 to $139.00, a narrow spread, and the ratings split 28 buy, 0 hold, 0 sell. Over the last six months there have been 11 raises and 0 cuts among the published actions. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market.

Read the full RBRK forecast and price target for the target table, the recent rating actions by firm, and how the consensus has shifted.

We give no verdict on Rubrik, Inc.. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.

The case for buying. Cyber resilience demand. Ransomware and data-breach threats have made recoverable, tamper-proof backups a board-level priority. The most optimistic published target, $139.00, assumes this works close to its best case.

The case against. Rubrik is still unprofitable on a GAAP basis as it invests for growth (a trailing net loss of ~$254 million and an operating margin near ~-17%), and stock-based compensation is significant following its IPO. The most pessimistic target, $110.00, is roughly what RBRK is worth if this bites instead.

Read the full bull and bear case on RBRK, including what would have to change to break either one. Walnut is not an investment adviser.

No. Rubrik, Inc. (RBRK) has not split its stock in the last 10 years. That is a statement about the window we check rather than about the company’s entire history, so an older split is possible. It also matters less than it once did: fractional shares mean a high price per share no longer keeps smaller investors out, which removed most of the practical reason to split.

A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Rubrik, Inc.'s investor relations page or your broker.

• Revenue (TTM): ~$1.54 billion; FY ended January 2026 ~$1.32 billion
• Revenue growth: ~38% year over year in the quarter ended July 31, 2026 (~$427.3 million)
• Margins (TTM): Gross ~80%, operating ~-17%, net ~-16.5%
• Earnings: TTM GAAP net loss ~$254 million; July 2026 quarter adjusted EPS ~$0.20 versus ~$0.04 expected
• Free cash flow (TTM): ~$480 million
• Valuation: ~14.6x trailing sales; forward P/E ~143; no trailing P/E (GAAP loss)
• Market cap: ~$22.6 billion at ~$109.57 per share (October 16, 2026); 52-week range ~$42.25 to ~$127.90
• Dividend yield: None

Rubrik is valued on subscription growth and cash flow rather than GAAP earnings, and the ~45% rise in 2026 has pushed price-to-sales to roughly ~15x. That multiple rests on growth near the high 30s percent and continued estimate beats, which the last four quarters delivered. Figures are approximate, drawn from October 16, 2026 market data and the July 2026 quarter.

If you want RBRK exposure as part of a larger bundle rather than directly, these ETFs hold it meaningfully. Weights are approximate and refresh quarterly.

Other names that sit close to RBRK: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.

There are three common ways to get RBRK exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it (CIBR, BUG, HACK), which spreads the position across many companies. Or build it into a focused thematic portfolio, so RBRK sits alongside other stocks that express the same thesis.

Walnut takes the portfolio route. Describe a thesis where RBRK fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.

New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.

Rubrik (RBRK) sits at the intersection of data backup and cybersecurity, riding the ransomware and data-resilience tailwind with fast subscription-ARR growth and land-and-expand economics, against GAAP losses, post-IPO dilution, and incumbents like Cohesity-Veritas, Commvault, Veeam, and Dell. In a portfolio it behaves as a high-multiple, recently public cyber-resilience growth position sensitive to its growth rate and path to profitability. The most recent quarter (to July 31, 2026) delivered ~38% revenue growth and an adjusted profit well above estimates, and the stock now trades near ~15x trailing sales, so expectations are high going into the next report.

Whether RBRK is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is RBRK a buy or a sell?, and where the stock could go from here in the RBRK stock forecast.

For income investors, whether RBRK pays a dividend and how the payout looks is covered in does RBRK pay a dividend? And to weigh RBRK against a peer, read the full side-by-side comparisons: RBRK vs CVLT and RBRK vs DELL.