Rubrik (RBRK) Operating Expenses (2023 - 2026)
Rubrik (RBRK) posted quarterly Operating Expenses of $364.4 million for Q2 2026, up 17.14% year-over-year from $311.1 million in Q2 2025, and down 6.65% quarter-over-quarter from $390.4 million in Q1 2026.
Rubrik (RBRK) Operating Expenses (2023 - 2026) Analysis & Trends
Rubrik (RBRK) has reported Operating Expenses for 4 consecutive years, with $364.4 million the latest figure, recorded in Q2 2026.
- In Q2 2026, Operating Expenses rose 17.14% year-over-year to $364.4 million; the TTM figure through Apr 2026 stood at $1.5 billion (up 16.27% YoY), while the FY2026 annual figure was $1.4 billion, down 20.24% from the prior year.
- Operating Expenses eased to $364.4 million in Q2 2026 per RBRK's latest filing, from $390.4 million in the prior quarter.
- Across five years, Operating Expenses topped out at $816.2 million in Q2 2024 and bottomed at $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.
- Annual changes were most pronounced in 2024 — Operating Expenses jumped 342.5% — and 2025, when it sank 61.88%.
- Rubrik's Operating Expenses stood at $197.2 million in 2023, then jumped by 54.59% to $304.8 million in 2024, then advanced by 17.29% to $357.5 million in 2025, then gained by 1.93% to $364.4 million in 2026.
- Business Quant data shows RBRK's Operating Expenses at $364.4 million in Q2 2026, $390.4 million in Q1 2026, and $357.5 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 12.28 Bn |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 726.59 Mn |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | 13.05 Bn |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 2.21 Bn |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 953.90 Mn |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | 705.21 Mn |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 1.57 Bn |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | 2.62 Bn |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 2.72 Bn |
| 10 | Rubrik | 20.45 Bn | 18.70 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 |