Company name:

Rapid7 Inc

  • IPO SHARE PRICE:
    $16.00
  • IPO DATE:
    17 July 2015
  • TICKER:
    RPD
  • MAIN STOCK EXCHANGE:
    NASDAQ
  • CURRENT HQ LOCATION:
    120 Causeway Street Boston MA 02114
  • FISCAL YEAR END:
    December 31
  • INCORPORATION JURISDICTION:
    DE
  • ORGANIZED AS THE FOLLOWING LEGAL TYPE:
    Corporation
  • Investor Relations Webpage:
    Coming soon!
  • TAX RATE:
    USA federal corporate nominal income tax rate is 21%

Short Description

Rapid7 Inc

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Balance Sheet

Quarterly Annual
(USD in thousand)
19.0% 15.2% 12.2% 3.0%
Selected Year:
31-Dec
2020
Current Assets
Most valuable part of Current Assets is Cash and Marketable Securities which should be watched carefully; at the same time high and growing level of Accounts Receivables is very dangerous sign
51.8%
19.0% —

Cash and cash equivalents

15.2% —

Short-term passive investments

12.2% —

Accounts Receivable

3.0% —

Prepaid expenses and other current assets

2.4% —

Deferred contract acquisition and fulfillment costs current portion

Liquidity
Selected Year:
The most liquid asset, however, most companies don't keep much of it and invest excess cash into marketable securities such as Government bonds - in the US - Treasuries
Cash and cash equivalents
$45,679
$45,679
$45,679
 $51,562 $113,401 $123,413 $173,617
Short-term passive investments
-
$45,679
$45,679
 39,178 - 116,158 138,839
Accounts Receivable
$45,679
$45,679
$45,679
 73,661 43,753 87,927 111,599
Inventory
-
-
-
 - 33,019 29,180 -
Prepaid expenses and other current assets
$45,679
$45,679
$45,679
 8,877 - 20,051 27,844
Deferred contract acquisition and fulfillment costs current portion
-
-
-
 - - 17,047 21,536
Other short-term assets
-
-
-
 - 5,242 7,283 -
Total current assets
$45,679
$45,679
$45,679
 $173,278 $195,415 $364,596 $473,435
5.8% 7.4% 4.7% 4.9% 23.4%
Selected Year:
31-Dec
2020
Non-Current Assets
Non-current assets characterize company's business: high Property, Plant, and Equipment means that company is in capital-intensive industry which typically is very cyclical (earnings fluctuate a lot); watch out for high level of Goodwill and other non-intangibles which is bad sign as they typically worth very low relative to their value shown on the balance sheet
48.2%
23.4% —

Goodwill

7.4% —

Operating lease - right-of-use assets

5.8% —

Property and equipment net

4.9% —

Intangible assets

4.7% —

Deferred contract acquisition and fulfillment costs

1.1% —

Long-term passive investments

0.9% —

Other assets non-current
Selected Year:
Long-term passive investments
-
45,679
45,679
 1,102 - 22,887 10,124
Property plant and equipment net
-
-
-
 - 107,888 116,497 -
Property and equipment net
45,679
45,679
45,679
 8,589 - 50,670 53,114
Operating lease - right-of-use assets
-
-
-
 - - 60,984 67,178
Deferred tax assets
-
-
-
 - 81,449 71,834 -
Deferred contract acquisition and fulfillment costs
-
-
-
 - - 34,213 43,103
Intangible assets
45,679
45,679
45,679
 16,640 9,133 28,561 44,296
Goodwill
45,679
45,679
45,679
 83,164 15,714 97,866 213,601
Other assets non-current
-
-
-
 - - 5,136 8,271
Other non-current assets
45,679
45,679
45,679
 1,363 - 5,136 -
Other long-term assets
-
-
-
 - 30,232 21,627 -
Total non-current assets
45,679
45,679
45,679
 110,858 244,416 233,008 439,687
Total assets
45,679
45,679
45,679
 $284,136 $439,831 $664,913 $913,122
30.5% 6.8% 3.4% 41.5% 8.3% 75.8%
Selected Year:
31-Dec
2020
Current Liabilities
Current Liabilities represent company's short-term dues to others. The most important part to watch for is short-term debt and accounts payables
38.7%
30.5% —

Current portion of deferred revenue

6.8% —

Accrued expenses

1.1% —

Current portion of Operating leases

0.4% —

Accounts payable
Selected Year:
Accounts payable
$45,679
$45,679
$45,679
 $2,240 $17,955 $6,836 $3,860
Accrued expenses
$45,679
$45,679
$45,679
 29,728 - 41,021 61,677
Accrued expenses and other current liabilities
-
-
-
 - 32,050 37,360 -
Current portion of deferred revenue
$45,679
$45,679
$45,679
 155,811 - 231,518 278,585
Current maturities of long-term debt
-
-
-
 - 2,750 10,143 -
Current portion of Operating leases
-
-
-
 - - 7,179 9,612
Other current liabilities
$45,679
$45,679
$45,679
 1,706 - 119 -
Total current liabilities
$45,679
$45,679
$45,679
 $189,485 $52,755 $286,673 $353,734
Selected Year:
31-Dec
2020
Non-Current Liabilities
The most critical items are revolving credit facility, term loans, and then notes - any forms of debt; in addition, pay attention to items like pension liabilites and leases- hidden debt
53.4%
41.5% —

Senior convertible notes

8.3% —

Operating leases

3.4% —

Deferred revenue

0.2% —

Other non-current liabilities
Selected Year:
Deferred revenue
$45,679
$45,679
$45,679
 68,689 - 36,226 31,365
Asset retirement obligation
-
-
-
 - 11,572 12,883 -
Term loan payable net of unamortized debt discount
$45,679
-
-
 - - - -
Senior convertible notes
-
-
-
 - - 185,200 378,586
Long-term debt
-
-
-
 - 263,709 183,927 -
Operating leases
-
-
-
 - - 72,294 75,737
Other non-current liabilities
$45,679
$45,679
$45,679
 1,809 40,793 1,352 2,164
Total long-term liabilities
$45,679
$45,679
$45,679
 $70,498 $316,074 $225,207 $487,852
Total Liabilities
$45,679
$45,679
$45,679
 $259,983 $368,829 $581,745 $841,586
Selected Year:
31-Dec
2020
Equity
It's residue that is owned by shareholders after satisfying all of the liabilities with all of the assets; the larger the amount, the better the business is
7.8%
75.8% —

Additional paid-in capital

0.1% —

Common stock

0.0% —

Accumulated other comprehensive loss
Selected Year:
Redeemable convertible preferred stock Series A
$45,679
-
-
 - - - -
Redeemable convertible preferred stock Series B
$45,679
-
-
 - - - -
Redeemable convertible preferred stock Series C
$45,679
-
-
 - - - -
Redeemable convertible preferred stock Series D
$45,679
-
-
 - - - -
Preferred Stock
$45,679
$45,679
$45,679
 - - - -
Common stock
$45,679
$45,679
$45,679
 441 385 499 522
Treasury Stock
-
-
-
 - - (4,764) -
Treasury Stock at cost
$45,679
$45,679
$45,679
 (4,764) - (4,764) (4,764)
Accumulated deficit
$45,679
$45,679
$45,679
 (434,913) (168,140) (518,430) (617,279)
Additional paid-in capital
$45,679
$45,679
$45,679
 463,428 239,865 605,650 692,603
Accumulated other comprehensive income
-
-
-
 - - 213 -
Accumulated other comprehensive (loss) income
-
-
-
 - - 213 -
Accumulated other comprehensive loss
-
$45,679
$45,679
 (39) (1,108) 213 454
Total Equity
$45,679
$45,679
$45,679
 $24,153 $71,002 $83,168 $71,536
Total Liabilities and Equity
$45,679
$45,679
$45,679
 $284,136 $439,831 $664,913 $913,122