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| Date | Value |
|---|---|
| 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 |