Rubrik, Inc. delivered exceptional results in Q4 and FY 2026, significantly exceeding expectations with record subscription ARR growth and a marked increase in free cash flow, positioning the company for robust long-term profitability.

• Subscription ARR surged to $1.46 billion, marking a 34% year-over-year increase.
• Q4 subscription revenue reached $365 million, up 50% year-over-year, while net new subscription ARR grew to $115 million.
• Free cash flow for the fiscal year was $238 million, over 10 times that of the previous year, with $70 million generated in Q4 alone.
• Customer expansion is evident, with the number of clients contributing over $100,000 in subscription ARR rising 25% to 2,805.
• Rubrik reported an impressive subscription NRR above 120%, with a competitive win rate exceeding 90% in Q4, highlighting strong market positioning.