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Rapid7 shares drop on mixed fourth quarter results and weak outlook

  • Rapid7 shares drop over 8% in late trading after mixed Q4 results and weak outlook.
  • Q4 adjusted earnings per share of 48 cents, down from 72 cents YoY, and revenue of $216.25 million, up 5% YoY.
  • Rapid7 added 201 new customers, taking the total count to 11,727 and achieved $840 million in annual recurring revenue.
  • Q1 2025 outlook: adjusted EPS of 33-36 cents and revenue of $207-209 million. Full-year outlook: EPS of $1.72-$1.85 and revenue of $860-$870 million.

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