Rubrik shares soar 23% on strong Q4 results, upbeat revenue forecast

Investing.com -- Rubrik posted a smaller-than-expected fourth-quarter and forecast stronger-than-anticipated revenue for fiscal 2026 (FY26), sending its shares up soaring more than 23% in premarket trading Friday. 

The cloud data management company reported a quarterly loss per share of 18 cents, beating analysts' expectations of a loss of 38 cents per share. 

Revenue for the quarter rose to $258.1 million from $233.1 million a year earlier. The company generated net new annual recurring revenue (ARR) of roughly $90 million, ahead of market estimates.

For fiscal 2026, Rubrik expects a loss per share between $1.23 and $1.13, compared with analysts' consensus estimate of per share loss of $1.25.

The company sees full-year revenue in the range of $1.145 billion to $1.16 billion, ahead of expectations of $1.1 billion.

The implied Net New Annual Recurring Revenue (NNARR) guide for the year is at $262 million, which Barclays (LON:BARC) analysts find "conservative." They believe this figure "can continue to march up after doing an estimated $292M in FY25, excluding maintenance conversions." 

One of the main concerns for Rubrik investors has been its path to profitability. Barclays analysts note that this quarter marks an important milestone, with ARR contribution margin reaching breakeven at approximately 2% for fiscal year 2025.

The company guided for this margin to hit 5% in FY26. "We think this is the precursor to EBIT profitability in FY28," analysts said.

Pratyush Thakur contributed to this report.