Rubrik Inc(:RBRK)
Rubrik, Inc. is an American cloud data management and data security company based in Palo Alto, California, founded in January 2014. The company is listed on the New York Stock Exchange after going public in April 2024.
Website: https://www.rubrik.com/
Founded: 2014
Founder: Bipul Sinha, Arvind Jain, Soham Mazumdar, Arvind Nithrakashyap
CEO: Bipul Sinha
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At a glance:
- Cloud & Subscription Mix Drives Revenue Growth: Rubrik’s topline performance is primarily supported by its subscription-led model and ongoing shift toward cloud-delivered data security offerings, which can increase recurring revenue visibility over time.
- Expansion Within Existing Customers Is a Key Growth Lever: Net retention and upsell/cross-sell into the installed base (e.g., expanding workloads protected, adding new modules) are central to scaling efficiency and sustaining growth beyond new logo acquisition.
- Path Toward Improving Profitability Hinges on Operating Leverage: Investors will likely focus on whether sales & marketing and overall operating expenses grow more slowly than revenue, indicating improving margins as the business scales.
- Free Cash Flow and Stock-Based Compensation Are Core Quality Metrics: Progress on free cash flow generation—alongside the level and trend of stock-based compensation—will be important in assessing the durability of Rubrik’s unit economics and shareholder dilution risk.
- Competitive Market Requires Continued Product Differentiation: Rubrik operates in a crowded data protection and cybersecurity landscape; maintaining differentiation (ransomware resilience, cloud workload coverage, integrations) is critical to defend pricing and growth.
Bull Thesis:
- Strong Market Position in Data Security & Management: Rubrik is a leader in the critical and growing market of data security and management, particularly with its Zero Trust Data Security platform. Its SaaS-based approach addresses modern cybersecurity threats and data resilience needs, positioning it well in a high-demand sector.
- High Growth Potential in Cloud & SaaS Adoption: As enterprises accelerate their digital transformation and migration to hybrid and multi-cloud environments, the demand for robust, cloud-native data protection and recovery solutions is surging. Rubrik's platform is well-suited to capture this expanding market opportunity, driving continued revenue growth.
- Predictable Recurring Revenue Model & High Retention: Rubrik operates on a subscription-based model, providing a predictable and recurring revenue stream. High customer retention rates and the ability to expand within existing accounts demonstrate strong product stickiness and customer satisfaction, contributing to long-term financial stability.
- Strategic AI Integration for Enhanced Security: Rubrik is actively integrating artificial intelligence into its platform to enhance threat detection, anomaly analysis, and automated recovery capabilities. This AI-driven innovation can provide a significant competitive advantage, offering more proactive and efficient data protection against sophisticated cyber threats.
Bear Thesis:
- Intense Competition in a Crowded Market: The data security and management market is highly competitive, with established players like Veeam, Commvault, Dell EMC, and Cohesity, alongside numerous niche providers. This intense competition could lead to pricing pressures, increased marketing spend, and challenges in gaining significant market share.
- Continued Profitability Concerns and Negative Free Cash Flow: Despite strong revenue growth, Rubrik has historically reported significant operating losses and negative free cash flow. While common for high-growth tech companies, investors will be closely scrutinizing its path to profitability and positive cash flow, especially in a market increasingly valuing financial discipline.
- High Valuation Post-IPO: As a recently public company, Rubrik's stock may be trading at a premium valuation based on future growth expectations. A high valuation could limit upside potential and make the stock more susceptible to significant corrections if growth rates decelerate or if the company fails to meet market expectations.
- Vulnerability to Macroeconomic Headwinds: Enterprise IT spending, particularly on new software solutions, can be sensitive to broader macroeconomic conditions. Economic slowdowns or uncertainty could lead to delayed purchasing decisions, reduced IT budgets, and longer sales cycles, potentially impacting Rubrik's customer acquisition and expansion rates.
Main Competitors:
- Veeam Software (Veeam Data Platform), Veeam is a leading competitor in data backup, recovery, and ransomware protection. They compete directly with Rubrik across virtualized environments (VMware, Hyper-V), cloud platforms (AWS, Azure, Google Cloud), and SaaS applications (Microsoft 365, Salesforce), often offering similar capabilities for data immutability and rapid recovery.
- Cohesity Inc. (Cohesity Data Cloud), Cohesity is a direct competitor, often seen in the same deals as Rubrik. They offer a hyper-converged data management platform focused on data protection, ransomware recovery, and data insights across on-premises, cloud, and edge environments, with a similar modern architecture and scale-out approach.
- Commvault Systems, Inc. ($CVLT) (Commvault Cloud, Metallic), Commvault is a long-standing enterprise data protection vendor that has modernized its offerings. They compete with Rubrik through their comprehensive data protection suite, including SaaS backup (Metallic), data governance, and robust ransomware recovery capabilities, targeting large enterprises with complex data environments.
- Dell Technologies Inc. ($DELL) (Dell PowerProtect Data Manager, Data Domain), Dell EMC, through its PowerProtect portfolio and Data Domain appliances, competes by offering integrated data protection solutions, especially for organizations with existing Dell infrastructure. They provide backup, recovery, and data security features, evolving to address cloud and ransomware threats, leveraging their vast installed base.
Moat:
Rubrik operates in a highly competitive market for cloud data management and data security. Its core moat lies in its 'Data Security Cloud' vision, integrating immutable backups, rapid ransomware recovery, and data security posture management (DSPM) into a unified, cloud-native platform. Competitors range from established legacy players modernizing their offerings (e.g., Commvault, Dell EMC) to modern, scale-out architecture providers (e.g., Cohesity) and strong virtualization-focused players expanding into cloud and SaaS (e.g., Veeam). The competition is intense, with all players vying to offer comprehensive data protection, ransomware resilience, and simplified data management across hybrid and multi-cloud environments.
Income Statements:
Quarterly
Annual
| Unit: USD | 2026-01-31 | 2025-10-31 | 2025-07-31 | 2025-04-30 | 2025-01-31 | 2024-10-31 | 2024-07-31 | 2024-04-30 |
|---|---|---|---|---|---|---|---|---|
revenue | ||||||||
subscription | 364,919,000 | 336,390,000 | 296,957,000 | 265,661,000 | 243,719,000 | 221,511,000 | 191,315,000 | 172,195,000 |
maintenance | 1,449,500 | 1,508,000 | 1,960,000 | 2,330,000 | 3,381,000 | 4,342,000 | 5,018,000 | 5,667,000 |
other | 18,563,000 | 12,268,000 | 10,943,000 | 10,490,000 | 11,000,000 | 10,325,000 | 8,618,000 | 9,453,000 |
total revenue | 377,684,000 | 350,166,000 | 309,860,000 | 278,481,000 | 258,100,000 | 236,178,000 | 204,951,000 | 187,315,000 |
yoy | 46.33% | 48.26% | 51.19% | 48.67% | ||||
qoq | 7.86% | 13.01% | 11.27% | 7.90% | 9.28% | 15.24% | 9.42% | |
cost of revenue | ||||||||
total cost of revenue | 69,698,000 | 68,137,000 | 63,559,000 | 60,483,000 | 58,455,000 | 56,146,000 | 55,168,000 | 95,979,000 |
gross profit | 307,986,000 | 282,029,000 | 246,301,000 | 217,998,000 | 199,645,000 | 180,032,000 | 149,783,000 | 91,336,000 |
yoy | 54.27% | 56.65% | 64.44% | 138.68% | ||||
qoq | 9.20% | 14.51% | 12.98% | 9.19% | 10.89% | 20.20% | 63.99% | |
gross margin % | 81.55% | 80.54% | 79.49% | 78.28% | 77.35% | 76.23% | 73.08% | 48.76% |
operating expenses | ||||||||
research and development | 102,179,000 | 97,581,000 | 92,107,000 | 81,815,000 | 79,958,000 | 80,050,000 | 86,228,000 | 285,379,000 |
sales and marketing | 223,890,000 | 193,151,000 | 181,985,000 | 169,993,000 | 161,355,000 | 158,907,000 | 167,927,000 | 379,329,000 |
general and administrative | 64,296,000 | 66,780,000 | 66,672,000 | 59,281,000 | 74,447,000 | 65,862,000 | 63,921,000 | 151,465,000 |
total operating expenses | 390,365,000 | 357,512,000 | 340,764,000 | 311,089,000 | 315,760,000 | 304,819,000 | 318,076,000 | 816,173,000 |
income from operations | -82,379,000 | -75,483,000 | -94,463,000 | -93,091,000 | -116,115,000 | -124,787,000 | -168,293,000 | -724,837,000 |
yoy | -29.05% | -39.51% | -43.87% | -87.16% | ||||
qoq | 9.14% | -20.09% | 1.47% | -19.83% | -6.95% | -25.85% | -76.78% | |
operating margin % | -21.81% | -21.56% | -30.49% | -33.43% | -44.99% | -52.84% | -82.11% | -386.96% |
interest income | 15,677,000 | 16,591,000 | 12,193,000 | 7,696,000 | 7,665,000 | 7,468,000 | 7,278,000 | 2,942,000 |
interest expense | -1,093,000 | -1,080,000 | -5,241,000 | -9,813,000 | -10,074,000 | -10,310,000 | -10,245,000 | -10,624,000 |
loss on debt extinguishment | -6,653,000 | |||||||
other income | -2,819,000 | -965,000 | 72,000 | -5,622,000 | 4,886,000 | -1,333,000 | -1,450,000 | -623,000 |
income before income taxes | -70,614,000 | -60,937,000 | -94,092,000 | -100,830,000 | -113,638,000 | -128,962,000 | -172,710,000 | -733,142,000 |
income tax expense | 16,352,000 | 2,892,000 | 1,837,000 | 1,274,000 | 1,251,000 | 1,948,000 | 4,220,000 | -1,051,000 |
net income | -86,966,000 | -63,829,000 | -95,929,000 | -102,104,000 | -114,889,000 | -130,910,000 | -176,930,000 | -732,091,000 |
yoy | -24.30% | -51.24% | -45.78% | -86.05% | ||||
qoq | 36.25% | -33.46% | -6.05% | -11.13% | -12.24% | -26.01% | -75.83% | |
net income margin % | -23.03% | -18.23% | -30.96% | -36.66% | -44.51% | -55.43% | -86.33% | -390.83% |
net income per share | -0.44 | -0.32 | -0.49 | -0.53 | -0.21 | -0.71 | -0.98 | -11.48 |
weighted-average shares used for eps calculation | 196,468 | 198,379 | 194,890 | 191,625 | 154,294 | 183,590 | 179,851 | 63,794 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-01-31 | 2025-10-31 | 2025-07-31 | 2025-04-30 | 2025-01-31 | 2024-10-31 | 2024-07-31 | 2024-04-30 |
|---|---|---|---|---|---|---|---|---|
assets | ||||||||
current assets | ||||||||
cash and cash equivalents | 380,196,000 | 307,100,000 | 322,702,000 | 283,998,000 | 186,331,000 | 103,896,000 | 142,349,000 | 502,614,000 |
short-term investments | 1,295,579,000 | 1,295,907,000 | 1,200,309,000 | 478,059,000 | 518,813,000 | 528,081,000 | 458,992,000 | 103,706,000 |
accounts receivable | 256,773,000 | 219,687,000 | 217,048,000 | 165,596,000 | 177,627,000 | 147,684,000 | 138,201,000 | 97,369,000 |
deferred commissions | 110,651,000 | 100,820,000 | 97,216,000 | 95,352,000 | 91,919,000 | 85,647,000 | 83,520,000 | 74,529,000 |
prepaid expenses and other current assets | 180,365,000 | 143,183,000 | 91,696,000 | 93,890,000 | 102,951,000 | 78,383,000 | 65,928,000 | 74,724,000 |
total current assets | 2,223,564,000 | 2,066,697,000 | 1,928,971,000 | 1,116,895,000 | 1,077,641,000 | 943,691,000 | 888,990,000 | 852,942,000 |
property and equipment | 83,830,000 | 66,989,000 | 58,335,000 | 54,935,000 | 53,194,000 | 49,294,000 | 46,204,000 | 45,983,000 |
deferred commissions, noncurrent | 157,592,000 | 133,624,000 | 125,416,000 | 125,696,000 | 132,465,000 | 124,280,000 | 130,077,000 | 114,166,000 |
goodwill | 199,606,000 | 199,606,000 | 194,531,000 | 101,618,000 | 100,343,000 | 100,343,000 | 100,343,000 | 100,343,000 |
other assets, noncurrent | 101,944,000 | 81,739,000 | 81,454,000 | 75,462,000 | 59,331,000 | 51,083,000 | 52,590,000 | 52,938,000 |
total assets | 2,766,536,000 | 2,548,655,000 | 2,388,707,000 | 1,474,606,000 | 1,422,974,000 | 1,268,691,000 | 1,218,204,000 | 1,166,372,000 |
liabilities and stockholders’ deficit | ||||||||
current liabilities | ||||||||
accounts payable | 15,329,000 | 11,857,000 | 13,983,000 | 9,905,000 | 10,439,000 | 9,382,000 | 10,285,000 | 8,552,000 |
accrued expenses and other current liabilities | 229,976,000 | 182,820,000 | 148,834,000 | 112,512,000 | 162,602,000 | 121,164,000 | 140,299,000 | 160,334,000 |
deferred revenue | 1,068,754,000 | 968,167,000 | 897,676,000 | 838,872,000 | 777,135,000 | 686,010,000 | 626,131,000 | 569,159,000 |
total current liabilities | 1,314,059,000 | 1,162,844,000 | 1,060,493,000 | 961,289,000 | 950,176,000 | 816,556,000 | 776,715,000 | 738,045,000 |
deferred revenue, noncurrent | 776,547,000 | 718,380,000 | 687,757,000 | 670,307,000 | 642,370,000 | 597,233,000 | 575,404,000 | 590,595,000 |
other liabilities, noncurrent | 64,771,000 | 62,213,000 | 76,254,000 | 76,719,000 | 61,821,000 | 58,998,000 | 58,575,000 | 55,226,000 |
convertible senior notes | 1,130,721,000 | 1,129,627,000 | 1,128,547,000 | |||||
debt, noncurrent | 322,821,000 | 322,341,000 | 316,991,000 | 306,804,000 | 297,104,000 | |||
total liabilities | 3,286,098,000 | 3,073,064,000 | 2,953,051,000 | 2,031,136,000 | 1,976,708,000 | 1,789,778,000 | 1,717,498,000 | 1,680,970,000 |
commitments and contingencies | ||||||||
stockholders’ deficit | ||||||||
preferred stock, 0.000025 par value – 20,000,000 shares authorized as of january 31, 2026 and 2025, respectively; zero shares issued and outstanding as of january 31, 2026 and 2025, respectively | ||||||||
class a common stock | 4,000 | 4,000 | 4,000 | 3,000 | 3,000 | 2,000 | 1,000 | 1,000 |
class b common stock | 1,000 | 1,000 | 1,000 | 2,000 | 2,000 | 2,000 | 3,000 | 3,000 |
additional paid-in capital | 2,662,861,000 | 2,574,825,000 | 2,473,597,000 | 2,382,345,000 | 2,291,829,000 | 2,202,169,000 | 2,093,874,000 | 1,902,906,000 |
accumulated other comprehensive income | 3,733,000 | 557,000 | ||||||
accumulated deficit | -3,186,161,000 | -3,099,195,000 | -3,035,366,000 | -2,939,437,000 | -2,837,333,000 | -2,722,444,000 | -2,591,534,000 | -2,414,604,000 |
total stockholders’ deficit | -519,562,000 | -524,409,000 | -564,344,000 | -556,530,000 | -553,734,000 | -521,087,000 | -499,294,000 | -514,598,000 |
total liabilities and stockholders’ deficit | 2,766,536,000 | 2,548,655,000 | 2,388,707,000 | 1,474,606,000 | ||||
preferred stock, 0.000025 par value – 20,000,000 shares authorized as of october 31, 2025 and january 31, 2025; zero shares issued and outstanding as of october 31, 2025 and january 31, 2025 | ||||||||
accumulated other comprehensive loss | -44,000 | -2,580,000 | -8,235,000 | -816,000 | -1,638,000 | -2,904,000 | ||
preferred stock, 0.000025 par value – 20,000,000 shares authorized as of july 31, 2025 and january 31, 2025; zero shares issued and outstanding as of july 31, 2025 and january 31, 2025 | ||||||||
preferred stock, 0.000025 par value – 20,000,000 shares authorized as of april 30, 2025 and january 31, 2025; zero shares issued and outstanding as of april 30, 2025 and january 31, 2025 | ||||||||
liabilities, redeemable convertible preferred stock and stockholders’ deficit | ||||||||
redeemable convertible preferred stock | ||||||||
preferred stock, 0.000025 par value – 20,000,000 and zero shares authorized as of january 31, 2025 and 2024, respectively; zero shares issued and outstanding as of january 31, 2025 and 2024, respectively | ||||||||
common stock | ||||||||
convertible founders stock, 0.000125 par value – zero and 5,400,000 shares authorized as of january 31, 2025 and 2024, respectively; zero and 5,400,000 shares issued and outstanding as of january 31, 2025 and 2024, respectively | ||||||||
total liabilities, redeemable convertible preferred stock and stockholders’ deficit | 1,422,974,000 | 1,268,691,000 | 1,218,204,000 | 1,166,372,000 | ||||
preferred stock, 0.000025 par value – 20,000,000 and zero shares authorized as of october 31, 2024 and january 31, 2024, respectively; zero shares issued and outstanding as of october 31, 2024 and january 31, 2024, respectively | ||||||||
convertible founders stock, 0.000125 par value – zero and 5,400,000 shares authorized as of october 31, 2024 and january 31, 2024, respectively; zero and 5,400,000 shares issued and outstanding as of october 31, 2024 and january 31, 2024, respectively | ||||||||
preferred stock, 0.000025 par value – 20,000,000 and zero shares authorized as of july 31, 2024 and january 31, 2024, respectively; zero shares issued and outstanding as of july 31, 2024 and january 31, 2024, respectively | ||||||||
convertible founders stock, 0.000125 par value – zero and 5,400,000 shares authorized as of july 31, 2024 and january 31, 2024, respectively; zero and 5,400,000 shares issued and outstanding as of july 31, 2024 and january 31, 2024, respectively | ||||||||
preferred stock, 0.000025 par value – 20,000,000 and zero shares authorized as of april 30, 2024 and january 31, 2024, respectively; zero shares issued and outstanding as of april 30, 2024 and january 31, 2024, respectively | ||||||||
convertible founders stock, 0.000125 par value – zero and 5,400,000 shares authorized as of april 30, 2024 and january 31, 2024, respectively; zero and 5,400,000 shares issued and outstanding as of april 30, 2024 and january 31, 2024, respectively |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-01-31 | 2025-10-31 | 2025-07-31 | 2025-04-30 | 2025-01-31 | 2024-10-31 | 2024-07-31 | 2024-04-30 |
|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | ||||||||
net loss | -86,966,000 | -63,829,000 | -95,929,000 | -102,104,000 | -114,889,000 | -130,910,000 | -176,930,000 | -732,091,000 |
adjustments to reconcile net loss to net cash from operating activities: | ||||||||
depreciation and amortization | 10,692,000 | 9,929,000 | 8,419,000 | 8,075,000 | 7,326,000 | 7,398,000 | 6,954,000 | 7,190,000 |
stock-based compensation | 84,910,000 | 82,467,000 | 88,457,000 | 73,540,000 | 86,038,000 | 92,527,000 | 105,018,000 | 630,330,000 |
amortization of deferred commissions | 30,607,000 | 28,399,000 | 26,160,000 | 24,785,000 | 23,931,000 | 23,939,000 | 22,056,000 | 20,377,000 |
non-cash interest | 5,129,000 | 9,972,000 | 9,455,000 | 9,700,000 | ||||
loss on debt extinguishment | 0 | 0 | ||||||
deferred income taxes | 1,417,000 | 1,866,000 | 121,000 | 604,000 | -286,000 | 118,000 | 2,399,000 | -990,000 |
other | -2,080,000 | -189,000 | -898,000 | -375,000 | -2,579,000 | -3,178,000 | -2,355,000 | 863,000 |
changes in operating assets and liabilities: | ||||||||
accounts receivable | -37,086,000 | -2,639,000 | -52,092,000 | 12,031,000 | -29,943,000 | -9,483,000 | -41,004,000 | 36,175,000 |
deferred commissions | -64,406,000 | -40,211,000 | -27,744,000 | -21,449,000 | -38,388,000 | -20,269,000 | -46,958,000 | -23,201,000 |
prepaid expenses and other assets | -51,979,000 | -55,056,000 | 3,132,000 | -7,824,000 | -34,527,000 | -10,944,000 | 10,573,000 | -13,920,000 |
accounts payable | 3,092,000 | -1,484,000 | 3,360,000 | -489,000 | 591,000 | -985,000 | 2,125,000 | 2,748,000 |
accrued expenses and other liabilities | 46,090,000 | 25,117,000 | 28,831,000 | -36,813,000 | 44,932,000 | -16,798,000 | 39,803,000 | -22,055,000 |
deferred revenue | 158,754,000 | 101,114,000 | 76,254,000 | 89,674,000 | 136,262,000 | 81,708,000 | 41,781,000 | 53,493,000 |
net cash from operating activities | 93,045,000 | 85,484,000 | 64,724,000 | 39,655,000 | 83,597,000 | 23,095,000 | -27,083,000 | -31,381,000 |
capital expenditures | -22,977,000 | -8,595,000 | -7,181,000 | -6,315,000 | -8,401,000 | -7,527,000 | -4,929,000 | -5,742,000 |
free cash flows | 70,068,000 | 76,889,000 | 57,543,000 | 33,340,000 | 75,196,000 | 15,568,000 | -32,012,000 | -37,123,000 |
cash flows from investing activities: | ||||||||
purchases of property and equipment | -18,544,000 | -4,739,000 | -3,498,000 | -2,850,000 | -5,589,000 | -5,069,000 | -2,588,000 | -3,639,000 |
capitalized internal-use software | -4,433,000 | -3,856,000 | -3,683,000 | -3,465,000 | -2,812,000 | -2,458,000 | -2,341,000 | -2,103,000 |
purchases of investments | -182,525,000 | -291,410,000 | -877,819,000 | -120,162,000 | -155,792,000 | -191,969,000 | -406,635,000 | -42,688,000 |
sale of investments | 4,999,000 | 0 | 0 | 27,978,000 | ||||
maturities of investments | 187,241,000 | 200,995,000 | 157,301,000 | 162,617,000 | 163,352,000 | 127,357,000 | 55,366,000 | 61,189,000 |
payments for business combinations, net of cash acquired | -356,000 | -10,750,000 | ||||||
net cash from investing activities | -18,617,000 | -109,760,000 | -735,877,000 | 34,165,000 | 4,158,000 | -72,139,000 | -356,198,000 | 40,737,000 |
cash flows from financing activities: | ||||||||
proceeds from initial public offering and underwriters' exercise of over-allotment option, net of underwriting discounts and commissions | 0 | 0 | ||||||
taxes paid related to net share settlement of equity awards | 0 | 0 | -2,212,000 | -79,856,000 | -350,444,000 | |||
proceeds from exercise of stock options | 489,000 | 481,000 | 1,259,000 | 1,849,000 | 1,923,000 | 2,874,000 | 100,000 | 3,618,000 |
proceeds from issuance of common stock under employee stock purchase plan | 0 | 15,494,000 | 0 | 13,492,000 | 0 | |||
payments for deferred offering costs | 0 | 0 | -2,770,000 | -775,000 | ||||
proceeds from issuance of debt, net of discount | ||||||||
proceeds from issuance of convertible senior notes, net of discount | 0 | 0 | ||||||
repayment of debt and related costs | 0 | 0 | ||||||
payments for debt issuance and discount costs | ||||||||
purchase of capped calls related to convertible senior notes | 0 | 0 | ||||||
net cash from financing activities | 489,000 | 8,914,000 | 711,757,000 | 15,341,000 | 1,923,000 | 11,726,000 | 22,192,000 | 362,182,000 |
effect of exchange rate on cash, cash equivalents, and restricted cash | 3,276,000 | -394,000 | -1,807,000 | 8,751,000 | -7,172,000 | 501,000 | 886,000 | -489,000 |
net increase in cash, cash equivalents, and restricted cash | 78,193,000 | -15,756,000 | 38,797,000 | 97,912,000 | -360,203,000 | 371,049,000 | ||
cash, cash equivalents, and restricted cash, beginning of year | 193,594,000 | 0 | 0 | 0 | 137,059,000 | |||
cash, cash equivalents, and restricted cash, end of year | 291,506,000 | 82,506,000 | -36,817,000 | -360,203,000 | 508,108,000 | |||
payments for debt discount costs | 0 | 0 | 0 | -475,000 | ||||
payments for debt issuance costs | -722,000 | 0 | 0 | -227,000 | -6,000 | |||
cash, cash equivalents, and restricted cash, beginning of period | 0 | |||||||
cash, cash equivalents, and restricted cash, end of period | -15,756,000 | |||||||
supplemental cash flow information: | ||||||||
cash paid for income taxes, net of refunds | 3,603,000 | 2,551,000 | 1,531,000 | 3,169,000 | 4,063,000 | 2,925,000 | 1,781,000 | |
cash paid for interest | 0 | 2,508,000 | 9,299,000 | 9,779,000 | 5,000,000 | 0 | 247,000 | |
non-cash investing and financing activities: | ||||||||
transfers of inventory to property and equipment | 0 | 36,000 | 24,000 | 42,000 | ||||
property and equipment received, included in payables and accrued but not paid | -11,000 | -773,000 | 1,788,000 | 279,000 | 263,000 | -285,000 | 559,000 | |
stock-based compensation capitalized in internal-use software | 2,752,000 | 1,846,000 | 1,567,000 | 1,625,000 | 1,739,000 | 1,602,000 | 261,000 | |
fair value of common stock issued as consideration for business combination | 0 | |||||||
unpaid taxes related to business combination included in accrued expenses and other current liabilities | ||||||||
acquisition holdback accrued not paid in accrued expenses and other current liabilities | 748,000 | |||||||
leasehold improvements funded directly by lessor included in property and equipment | ||||||||
proceeds from initial public offering, net of underwriting discounts and commissions | 710,264,000 | |||||||
debt issuance costs accrued but not paid, included in accounts payable | ||||||||
cash consideration for business combination accrued not paid, included in accrued expenses and other current liabilities | ||||||||
unpaid taxes related to business combination, including net share settlement, included in accrued expenses and other current liabilities | ||||||||
payment for business combination | -1,975,000 | |||||||
deferred offering costs accrued but not paid | 3,019,000 | |||||||
payment for business combination, net of cash acquired | ||||||||
repurchases of unvested common stock | ||||||||
vesting of early exercised common stock options | ||||||||
net decrease in cash, cash equivalents, and restricted cash |