Rapid7 Targets $130 Million Free Cash Flow by 2026 and Autonomous SOC Release in 2027
Rapid7 (RPD) management reported that the company met its Q3 Annual Recurring Revenue (ARR) guidance, noting that core ARR remained flat compared to the previous quarter. CEO Wael Mohamed characterized the current period as part of a multi-quarter strategic reset, emphasizing that the company is delivering on its stated objectives. Looking ahead, Rapid7 has outlined significant long-term financial and product milestones. The company aims to achieve approximately $130 million in free cash flow by 2026. Additionally, management plans to release its first generally available autonomous Security Operations Center (SOC) solution around the time of the RSAC conference in 2027.
Tickers: $RPD
Topics: ARR guidance earnings quarterly results