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
DateValue
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