Rubrik (RBRK) Operating Expenses (2023 - 2026)
Rubrik's (RBRK) quarterly Operating Expenses came in at $407.0 million in Q3 2026, up 19.44% year-over-year from $340.8 million in Q3 2025, and up 11.69% quarter-over-quarter from $364.4 million in Q2 2026.
Analysis
Rubrik (RBRK) Operating Expenses (2023 - 2026) Analysis & Trends
Rubrik (RBRK) has reported Operating Expenses for 4 consecutive years, with $407.0 million the latest figure, recorded in Q3 2026.
- On a quarterly basis, Operating Expenses rose 19.44% year-over-year to $407.0 million in Q3 2026; TTM through Jul 2026 was $1.5 billion, a 19.4% increase from a year earlier, with the FY2026 full-year figure at $1.4 billion, down 20.24% from the prior year.
- Operating Expenses was $407.0 million for Q3 2026 at Rubrik, up from $364.4 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.
- A 4-year average of $336.8 million and a median of $316.9 million in 2024 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses soared 342.5% in 2024 and slumped 61.88% in 2025, its largest moves.
- Over 4 years, Operating Expenses stood at $197.2 million in 2023, then surged by 54.59% to $304.8 million in 2024, then rose by 17.29% to $357.5 million in 2025, then climbed by 13.85% to $407.0 million in 2026.
- The last three Operating Expenses figures came in at $407.0 million (Q3 2026), $364.4 million (Q2 2026), and $390.4 million (Q1 2026), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 269.80 Bn | 266.69 Bn | 2.03 Bn | 2.21 Bn |
| 2 | CrowdStrike Holdings | 213.58 Bn | 208.57 Bn | 1.10 Bn | 1.13 Bn |
| 3 | Fortinet | 115.34 Bn | 111.27 Bn | 1.64 Bn | 953.90 Mn |
| 4 | Axon Enterprise | 40.83 Bn | 40.15 Bn | 546.45 Mn | 499.67 Mn |
| 5 | Zscaler | 26.15 Bn | 22.68 Bn | - | - |
| 6 | F5 | 22.17 Bn | 20.57 Bn | 711.51 Mn | 498.25 Mn |
| 7 | Rubrik | 18.93 Bn | 17.18 Bn | 335.12 Mn | 407.03 Mn |
| 8 | Gen Digital | 17.81 Bn | 17.25 Bn | 1.03 Bn | 586.00 Mn |
| 9 | Check Point Software Technologies | 14.29 Bn | 12.01 Bn | 574.10 Mn | 488.50 Mn |
| 10 | SentinelOne | 6.68 Bn | 6.02 Bn | 210.42 Mn | 301.18 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 407.03 Mn |
| 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 |