Rubrik (RBRK) Operating Expenses (2023 - 2026)
Rubrik (RBRK) recorded quarterly Operating Expenses of $364.4 million in Q2 2026, down 6.65% quarter-over-quarter from $390.4 million in Q1 2026, and up 17.14% year-on-year from $311.1 million in Q2 2025.
Rubrik (RBRK) Operating Expenses (2023 - 2026) Analysis & Trends
Rubrik has disclosed Operating Expenses across 4 years of filings, most recently posting $364.4 million for Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses rose 17.14% year-over-year to $364.4 million; the trailing twelve-month figure through Apr 2026 stood at $1.5 billion (up 16.27% YoY), and the FY2026 full-year result was $1.4 billion, down 20.24% from the prior year.
- Operating Expenses was $364.4 million for Q2 2026 at Rubrik, down from $390.4 million in the prior quarter.
- Over five years, Operating Expenses peaked at $816.2 million in Q2 2024 and troughed at $184.4 million in Q2 2023.
- The 4-year median for Operating Expenses is $315.8 million (2025), against an average of $331.4 million.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses jumped 342.5% in 2024, then plunged 61.88% in 2025.
- Year by year, Operating Expenses stood at $197.2 million in 2023, then soared by 54.59% to $304.8 million in 2024, then gained by 17.29% to $357.5 million in 2025, then rose 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 | 2,998.30 Bn | 2,920.03 Bn | 56.06 Bn | 10.85 Bn |
| 2 | Alarum Technologies | 1,040.72 Bn | 1,026.57 Bn | 7.23 Mn | 6.42 Mn |
| 3 | Oracle | 590.32 Bn | 551.74 Bn | 15.14 Bn | 11.73 Bn |
| 4 | Palantir Technologies | 316.31 Bn | 308.39 Bn | 1.42 Bn | 662.79 Mn |
| 5 | Palo Alto Networks | 181.17 Bn | 176.63 Bn | 1.91 Bn | 1.51 Bn |
| 6 | CrowdStrike Holdings | 161.69 Bn | 158.63 Bn | 993.68 Mn | 979.89 Mn |
| 7 | Fortinet | 102.35 Bn | 99.06 Bn | 1.49 Bn | 905.10 Mn |
| 8 | Synopsys | 88.25 Bn | 88.13 Bn | 1.77 Bn | 1.57 Bn |
| 9 | Cloudflare | 83.26 Bn | 82.32 Bn | 455.60 Mn | 517.59 Mn |
| 10 | Rubrik | 14.63 Bn | 12.88 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 |