Rubrik (RBRK) Operating Expenses (2023 - 2026)

Rubrik's (RBRK) quarterly Operating Expenses came in at $364.4 million in Q2 2026, up 17.14% year-on-year from $311.1 million in Q2 2025, and down 6.65% on a QoQ basis from $390.4 million in Q1 2026.

Rubrik (RBRK) Operating Expenses (2023 - 2026) Analysis & Trends

Rubrik (RBRK) has 4 years of Operating Expenses data on file, last reported at $364.4 million in Q2 2026.

  • On a quarterly basis, Operating Expenses rose 17.14% year-over-year to $364.4 million in Q2 2026; TTM through Apr 2026 was $1.5 billion, a 16.27% increase from a year earlier, with the FY2026 full-year figure at $1.4 billion, down 20.24% from the prior year.
  • Operating Expenses for Q2 2026 stood at $364.4 million, down from $390.4 million in the prior quarter.
  • Over the last five years, Operating Expenses for RBRK reached as high as $816.2 million in Q2 2024 and fell as low as $184.4 million in Q2 2023.
  • Historically, Operating Expenses has averaged $331.4 million across 4 years, with a median of $315.8 million in 2025.
  • Across the five-year window, Operating Expenses surged 342.5% in 2024 and tumbled 61.88% in 2025, its largest moves.
  • Year by year, Operating Expenses stood at $197.2 million in 2023, then soared by 54.59% to $304.8 million in 2024, then grew by 17.29% to $357.5 million in 2025, then climbed by 1.93% to $364.4 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $364.4 million in Q2 2026, $390.4 million in Q1 2026, and $357.5 million in Q4 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Microsoft 2,921.46 Bn 2,797.02 Bn 56.06 Bn 8.75 Bn
2 PagSeguro Digital 2,686.70 Bn 2,686.70 Bn 358.92 Mn -363.49 Mn
3 Oracle 344.13 Bn 312.24 Bn - 13.05 Bn
4 Repay Holdings 342.29 Bn 342.15 Bn - -
5 Palantir Technologies 294.57 Bn 286.54 Bn 1.42 Bn 662.79 Mn
6 Palo Alto Networks 224.46 Bn 219.93 Bn 1.91 Bn 1.51 Bn
7 CrowdStrike Holdings 182.52 Bn 179.42 Bn 993.68 Mn 979.89 Mn
8 Fortinet 111.29 Bn 107.99 Bn 1.49 Bn 905.10 Mn
9 Cloudflare 93.63 Bn 92.68 Bn 455.60 Mn 517.59 Mn
10 Rubrik 14.59 Bn 12.84 Bn 311.78 Mn 364.42 Mn

Historic Data

Download Data
DateValue
Apr 30, 2026 364.42 Mn
Jan 31, 2026 390.37 Mn
Oct 31, 2025 357.51 Mn
Jul 31, 2025 340.76 Mn
Apr 30, 2025 311.09 Mn
Jan 31, 2025 315.76 Mn
Oct 31, 2024 304.82 Mn
Jul 31, 2024 318.08 Mn
Apr 30, 2024 816.17 Mn
Jan 31, 2024 218.15 Mn
Oct 31, 2023 197.18 Mn
Jul 31, 2023 189.67 Mn
Apr 30, 2023 184.45 Mn