Rubrik (RBRK) Operating Expenses (2023 - 2026)
Rubrik (RBRK) posted quarterly Operating Expenses of $364.4 million for Q2 2026, up 17.14% YoY from $311.1 million in Q2 2025, and down 6.65% sequentially from $390.4 million in Q1 2026.
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.
- 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 slipped to $364.4 million in Q2 2026, 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.
- The 4-year median for Operating Expenses is $315.8 million (2025), against an average of $331.4 million.
- Annual changes were most pronounced in 2024 — Operating Expenses jumped 342.5% — and 2025, when it tumbled 61.88%.
- A 4-year view of Operating Expenses shows it 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.
- According to Business Quant data, Operating Expenses over the past three periods registered $364.4 million, $390.4 million, and $357.5 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,853.66 Bn | 2,775.39 Bn | 56.06 Bn | 10.85 Bn |
| 2 | Oracle | 408.21 Bn | 376.86 Bn | 17.12 Bn | 13.05 Bn |
| 3 | Palantir Technologies | 300.98 Bn | 293.06 Bn | 1.42 Bn | 662.79 Mn |
| 4 | Palo Alto Networks | 247.84 Bn | 243.30 Bn | 1.91 Bn | 1.51 Bn |
| 5 | CrowdStrike Holdings | 193.63 Bn | 190.57 Bn | 993.68 Mn | 979.89 Mn |
| 6 | Fortinet | 117.45 Bn | 114.16 Bn | 1.49 Bn | 905.10 Mn |
| 7 | Cloudflare | 86.88 Bn | 85.93 Bn | 455.60 Mn | 517.59 Mn |
| 8 | Synopsys | 86.18 Bn | 86.06 Bn | 1.77 Bn | 1.57 Bn |
| 9 | Block | 46.10 Bn | 39.21 Bn | 2.91 Bn | 3.08 Bn |
| 10 | Rubrik | 16.69 Bn | 14.95 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 |