Rapid7 Inc (FRA:R7D)
€ 19.5 +0.13 (+0.65%) Market Cap: 1.31 Bil Enterprise Value: 1.75 Bil PE Ratio: 61.18 PB Ratio: 29.06 GF Score: 59/100
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Q4 2024 Rapid7 Inc Earnings Call Transcript

Feb 12, 2025 / 09:30 PM GMT
Release Date Price: €36.45 (-1.03%)

Key Points

Positve
  • Rapid7 Inc (RPD) ended 2024 with $840 million in ARR, growing 4% over the prior year, in line with their outlook.
  • Revenue and operating income exceeded guided ranges, with over $150 million in free cash flow generated for the year.
  • The detection and response business delivered double-digit growth, ending the year with over $400 million in ARR.
  • The company made substantial progress in scaling its partner ecosystem, booking 80-90% of new ARR through the channel.
  • Rapid7 Inc (RPD) achieved significant milestones in cloud security adoption with the release of Exposure Command, driving over 20% year-over-year growth in risk and exposure management pipeline generation.
Negative
  • Rapid7 Inc (RPD) acknowledged that recent growth has not kept pace with broader security demand.
  • The vulnerability management landscape is facing intense competition and cloud migration, leading to secular pressure and increased churn.
  • The company experienced challenges in managing the transition from traditional vulnerability management to integrated security operations.
  • There is uncertainty and disruption with certain state, local, educational, and healthcare customers affecting ARR growth expectations.
  • The managed service component of the business comes with lower gross margins due to its labor-intensive nature.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

RPD.OQ - Rapid7 Inc
Q4 2024 Rapid7 Inc Earnings Call
Feb 12, 2025 / 09:30PM GMT

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Presentation
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Unidentified_1 [1]
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Hello and thank you for standing by. My name is Bella and I will be your conference operator today. At this time, I would like to welcome everyone to RAPID the 7th 4th quarter 2024 earnings call.

All lines have been placed on mute to prevent any background noise.

After the speaker's remarks, there will be a question and answer session.

If you would like to ask a question during this time, simply press star, then the number one on your telephone keypad.

To draw your question, press start one again.

I would now like to turn the conference over to Elizabeth Trot, head of investor relations at Rapid 7. You may begin.

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