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
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