Company name:

Rapid7 Inc

  • IPO SHARE PRICE:
    $16.00
  • IPO DATE:
    July 17, 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

We are working hard and as soon as possible to provide company description soon. Feel free to reach out to request it sooner: improve@real-clear-investing.com

Income Statement

Quarterly Annual
(USD in thousand)
Selected Year:
31-Dec
2020
Revenue
Gross receipts in the form of cash (great!) and promises to pay (Account Receivables - not so great as some of them will never be collected but reality of business!) from all its customers
100%
93.1% —

Product revenue

6.9% —

Professional services revenue
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Product revenue
45,679
45,679
45,679
45,679
 116,748 210,794 297,897 382,922 382,922 417,536
Maintenance and support
$45,679
$45,679
$45,679
$45,679
 46,268 42,223 - - - -
Professional services revenue
$45,679
$45,679
$45,679
$45,679
 37,924 33,297 29,050 28,564 28,564 35,100
Total Revenue
$45,679
$45,679
$45,679
$45,679
 $200,940 $244,091 $326,947 $411,486 $411,486 $452,636
Selected Year:
31-Dec
2020
Operating expenses
Cost (labor, materials, depreciation, overhead, etc) for delivering service or manufacturing a product that business sells
118.0%
47.6% —

Sales and marketing

26.4% —

Research and development

23.5% —

Cost of Product

14.5% —

General and administrative

6.0% —

Costs of professional services
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Cost of goods sold
-
-
-
-
 169,243 168,489 172,526 - - -
Cost of Product
45,679
45,679
45,679
45,679
 25,583 47,488 68,179 96,864 96,864 109,180
Maintenance and support
45,679
45,679
45,679
45,679
 7,491 7,678 - - - -
Costs of professional services
45,679
45,679
45,679
45,679
 23,836 23,595 22,967 24,653 24,653 25,596
Total cost of revenue
45,679
45,679
45,679
45,679
 $56,910 $71,083 $91,146 $121,517 $121,517 $134,776
Gross profit
-
-
-
-
 162,135 174,885 174,811 - - -
Total gross profit
45,679
45,679
45,679
45,679
 144,030 173,008 235,801 289,969 289,969 317,860
Sales and marketing
45,679
45,679
45,679
45,679
 42,315 123,310 157,722 195,981 195,981 217,716
Research and development
45,679
45,679
45,679
45,679
 18,125 67,743 79,364 108,568 108,568 118,948
General and administrative
45,679
45,679
45,679
45,679
 49,842 34,993 44,710 59,519 59,519 63,720
Total operating expenses
45,679
45,679
45,679
45,679
 110,282 226,046 281,796 364,068 364,068 400,384
Selected Year:
31-Dec
2020
Operating Income
Income after excluding Operating Expenses from Total Revenue
18.0%
18.0% —

Operating Income

Key metric that shows earnings potential of the company's business model
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Operating income
$45,679
$45,679
$45,679
$45,679
 $51,853 ($53,038) ($45,995) ($74,099) ($74,099) ($82,524)
Selected Year:
31-Dec
2020
Non-operating expenses
Cost usually unrelated to delivering service or manufacturing a product that business sells
0.0%
0.0% —

Other expense or income
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Other expense or income
45,679
45,679
45,679
45,679
 (8,638) (336) (433) (81) (81) 52
Loss on early repayment of debt
-
-
-
-
 2,442 - 3,196 - - -
Total non-operating income (expense)
45,679
45,679
45,679
45,679
 (6,196) (2,465) 9,417 (81) (81) 52
Selected Year:
31-Dec
2020
Earnings before Interest and Taxes (EBIT)
Income after excluding Operating and Non-operating Expenses from Total Revenue
18.0%
18.0% —

EBIT

Another income metric but unlike Operating Income it is closer to the ultimate income metric - Net Income by removing expenses that are not related to earning Revenue as they are supposed to be accidental and transitory
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
EBIT
$45,679
$45,679
$45,679
$45,679
 $45,657 $62,023 $61,078 ($74,180) ($74,180) ($82,472)
Selected Year:
31-Dec
2020
Interest Expense and Income, Taxes
Expenses driven mostly by company management's choices, nature of business (capital intensive vs not) about financing (debt vs equity) and legal structure
6.0%
0.4% —

Interest income

0.5% —

Income tax expense or benefit

5.9% —

Interest expense
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Interest expense and income
45,679
45,679
45,679
-
 - - - - - -
Interest expense
-
-
-
45,679
 18,410 (4,934) (13,389) (24,137) (24,137) (29,720)
Interest income
-
-
-
45,679
 862 3,229 6,014 1,454 1,454 444
Income before income taxes
45,679
45,679
45,679
45,679
 39,639 (55,079) (53,803) (96,863) (96,863) (111,748)
Income tax expense or benefit TEST - ODD
45,679
45,679
45,679
45,679
 (83,746) 466 42 1,986 1,986 3,924
Selected Year:
31-Dec
2020
Net income (loss)
Ultimate measure of Income - Net result after excluding all expenses from Total Revenue
24.0%
24.0% —

Net income (loss)

It is a residue that is left from Total Revenue after paying all kind of expenses and belongs to all equity holders in the company. Some of these shareholders such Non-controlling interest or Preferred equity gets their share before Common shareholders
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net income (loss)
$45,679
$45,679
$45,679
$45,679
 $123,385 ($55,545) ($53,845) ($98,849) ($98,849) ($115,672)
Preferred stock accretion
45,679
45,679
45,679
-
 - - - - - -
Beneficial conversion charge relating to IPO participation payment Beneficial conversion charge relating to IPO participation payment
45,679
45,679
45,679
-
 - - - - - -
Net income (loss) attributable to common stock
45,679
45,679
45,679
-
 - - - - - -

Basic Shares Outstanding
Basic shares outstanding as of certain dates reported by Company on its annual and quarterly filings, these numbers are NOT used calculation of basic EPS. They help to see share issuance by company in perspective
Common
-
-
45,678,795
45,678,795
 46,014,155 47,992,369 50,209,617 52,687,472 52,687,472 52,687,472
Selected Year:
31-Dec
2020
EPS
Net Income / Shares Outstanding = EPS before dilution or Basic EPS; Net Income/ ( Shares Outstanding + potentially available shares from conversion of various option instruments)
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net Income per basic share
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
 $3.31 ($1.20) ($1.10) ($1.94) ($1.94) ($2.24)
Net Income per diluted share
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
 $3.17 ($1.20) ($1.10) ($1.94) ($1.94) ($2.24)