Rubrik (RBRK) Operating Expenses (2023 - 2026)
Rubrik's Operating Expenses was $407.03 million in fiscal Q2 2027 (quarter ended Jul 31, 2026), up 19.4% from $340.76 million a year earlier and up 11.7% from the prior quarter.
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Analysis
Rubrik (RBRK) Operating Expenses (2023 - 2026) Analysis & Trends
On a trailing twelve-month basis, Rubrik's Operating Expenses was $1.52 billion through Jul 31, 2026, up 19.4% year-over-year; for FY2026 (ended Jan 31, 2026), it was $1.4 billion, down 20.2% from FY2025.
- Operating Expenses shows a three-year compound annual growth rate of 27.2% (FY2023 to FY2026).
- In earlier fiscal years, Operating Expenses was $1.75 billion in FY2025 (+122.3%), $789.44 million in FY2024 (+16.2%) and $679.35 million in FY2023.
- The fiscal Q2 2027 figure marks the highest quarterly Operating Expenses since fiscal Q1 2025.
- Compared with a year earlier, Operating Expenses has increased for five straight quarters, with growth averaging 15.3% over the last eight quarters.
- The best year-over-year quarter for Operating Expenses over five years was fiscal Q1 2025 (growth of 342.5%); the worst was fiscal Q1 2026 (a decline of 61.9%).
- Per Business Quant data, RBRK's Operating Expenses in the three fiscal quarters before Q2 2027 was $364.42 million (Q1 2027), $390.37 million (Q4 2026) and $357.51 million (Q3 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 319.55 Bn | 304.63 Bn | 2.30 Bn | 2.13 Bn |
| 2 | CrowdStrike Holdings | 265.46 Bn | 245.90 Bn | 1.10 Bn | 1.13 Bn |
| 3 | Fortinet | 129.36 Bn | 115.29 Bn | 1.64 Bn | 953.90 Mn |
| 4 | Snowflake | 115.65 Bn | 102.97 Bn | 1.04 Bn | 1.30 Bn |
| 5 | Datadog | 96.45 Bn | 78.09 Bn | 881.34 Mn | 875.89 Mn |
| 6 | Axon Enterprise | 34.50 Bn | 29.03 Bn | 546.45 Mn | 499.67 Mn |
| 7 | Okta | 33.79 Bn | 23.89 Bn | 641.00 Mn | 534.00 Mn |
| 8 | Zscaler | 32.51 Bn | 18.63 Bn | - | - |
| 9 | Baidu | 29.59 Bn | -44.04 Bn | 1.47 Mn | 4.17 Bn |
| 10 | Rubrik | 23.42 Bn | 16.65 Bn | 335.12 Mn | 407.03 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 407.03 Mn |
| 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 |
API Access
Rubrik Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=RBRK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "RBRK", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=RBRK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();