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Rapid7

RPD on Nasdaq. Rapid7 sells cybersecurity software and services to businesses and government agencies. Market value $833m.

Watch this stockFree. We tell you when something changes.

Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to December 2025.

We can't read total debt from the filing, so debt is left out.

Should I look at this?

Not a fit for our list right now

Why it could be worth it

What to watch out for

See Technology stocks that passed both tests

This is not advice. Check the numbers below.

Compare with another stock

Cash yield
past 12 months to June 2026
15.5%very high

For every $100 of what the whole company costs, it produced $15.54 of spare cash in the past 12 months. A savings account pays about $4.

Price to profit
past 12 months to June 2026
n/a

The filings do not give us enough to work this out.

Return on capital
five annual reports to December 2025
n/a

The filings do not give us enough to work this out.

Quality score: 60 of 100. Price score: 63 of 100. Our list needs 70 on quality and 60 on price.

$12.27 a share, 147% above its 1-year low

Over the past year the price has ranged from $4.97 to $20.17.

Pays no dividend

Prices from Tuesday’s close (6 October).

Five years of cash, in billions

0.0
0.0
0.1
0.2
0.1
0.1
2021202220232024202512 monthsto Jun '26
Revenue
$535m$685m$778m$844m$860m
Operating margin
-22.4%-16.3%-10.8%4.2%1.3%
Debt to equity
n/an/an/an/an/a
Shares outstanding
0.06bn0.06bn0.06bn0.07bn0.07bn

Health checks

  • Free cash flow positive5 of 5 years
  • Accounting looks honest (Beneish)Not enough data
  • Financial strength (Piotroski)6 of 8 checks we could run
  • Profit backed by cash (accruals)Yes
  • DebtUnknown
  • Revenue growth, five yearsStrong, 15.9% a year
  • Buying back its own sharesNo, 14% more shares since 2021

The quarter to June 2026

How the business did, compared with the same quarter a year earlier.

  • Sales: $211 million last quarter, down 2% on a year ago.
  • Profit: $6 million, down 27% on a year ago.
  • It keeps 1 cents of each $1 of sales as operating profit, down from 3 cents a year earlier.
  • Spare cash over the past 12 months: $129 million, down from $164 million.
  • 5% more shares than a year ago. Each share owns a bit less of the company.
  • Sales grew on a year ago in 2 of the last 4 quarters.
Sales by quarter
Sales by quarter
Quarter toAmount
September 2024$215m
December 2024$216m
March 2025$210m
June 2025$214m
September 2025$218m
December 2025$217m
March 2026$210m
June 2026$211m
Profit by quarter
Profit by quarter
Quarter toAmount
September 2024$15m
December 2024Not reported
March 2025$2m
June 2025$8m
September 2025$10m
December 2025$3m
March 2026$1m
June 2026$6m

From the company's quarterly reports to the SEC.

Dates

Next results (estimated)
n/a
Last annual report (10-K)
19 February 2026
Next quarterly (estimated, 10-Q)
9 November 2026

Who owns it

2 long-term investors we follow own it, unchanged from 2 last quarter. 237 funds in all.

Jun '25
Dec '25
Jun '26
Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

4 investors own more than 5%; 1 of them is pushing for change.

  • JANA Partners
    Activist
    Wants board seats
    10.3%+0.2 pts
    Since 26 March 2026
    What they said

    Item 4 is hereby amended and supplemented as follows: On March 26, 2026, the Reporting Person entered into a Nomination and Support Agreement with the Issuer (the "Nomination and Support Agreement"), pursuant to which, among other things, the Issuer agreed to nominate Kevin…

    Read the filing
  • BlackRock, Inc.
    Passive investor
    9.1%
    Since 30 September 2025
  • 6.6%−1.7 pts
    Since 30 June 2026
  • at least 2.4%
    (filed with 2 related holders)
    Since 31 December 2024
  • FMR LLC
    Passive investor
    Sold down below 5%
    Since 31 March 2025
  • The Vanguard Group
    Passive investor
    Sold down below 5%
    Since 13 March 2026
  • UBS Group AG
    Passive investor
    Sold down below 5%
    Since 30 June 2025
  • MICHAEL JOSEPH BURNS
    Activist
    Sold down below 5%
    Since 11 March 2025
    What they said

    Item 4 is hereby amended and supplemented with the addition of the following: On March 11, 2025, JANA entered into nominee agreements (the "Nominee Agreements") with each of Michael Joseph Burns and Chad Kinzelberg (each, a "Nominee" and collectively, the "Nominees"), which is…

    Read the filing

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

In the last 12 months, 5 insiders bought $4m of shares on the open market. 1 sold $58,118, $58,118 of it under preset trading plans.

  • Murphy Scott M
    Chief Accounting Officer
    Sold
    under a preset trading plan
    Date
    22 April 2026
    Shares
    827
    Price
    $6.35
    Value
    $5,251
  • Murphy Scott M
    Chief Accounting Officer
    Sold
    under a preset trading plan
    Date
    23 February 2026
    Shares
    1,267
    Price
    $6.51
    Value
    $8,248
  • Murphy Scott M
    Chief Accounting Officer
    Sold
    under a preset trading plan
    Date
    22 January 2026
    Shares
    764
    Price
    $12.70
    Value
    $9,703
  • JANA Partners Management, LP
    Director
    Bought
    Date
    28 November 2025
    Shares
    41,545
    Price
    $15.71
    Value
    $652,672
  • Schodorf Thomas E
    Director
    Bought
    Date
    26 November 2025
    Shares
    6,300
    Price
    $15.70
    Value
    $98,910
  • Brown Marc Evan
    Director
    Bought
    Date
    25 November 2025
    Shares
    3,000
    Price
    $15.21
    Value
    $45,630
  • JANA Partners Management, LP
    Director
    Bought
    Date
    25 November 2025
    Shares
    50,000
    Price
    $15.01
    Value
    $750,500
  • Murphy Scott M
    Chief Accounting Officer
    Sold
    under a preset trading plan
    Date
    24 November 2025
    Shares
    1,370
    Price
    $13.97
    Value
    $19,139
  • JANA Partners Management, LP
    Director
    Bought
    Date
    24 November 2025
    Shares
    150,000
    Price
    $14.13
    Value
    $2m
  • Thomas Corey E.
    CEO, Director
    Bought
    Date
    24 November 2025
    Shares
    14,500
    Price
    $13.82
    Value
    $200,390

From Form 4 filings: insiders must report trades in their own company's shares within two days.

What could go wrong

Cheap for a reason is the question the numbers cannot answer.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.