Rapid7 (Rapid7) EBIT : $-48.6 Mil (TTM As of Mar. 2024)

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What is Rapid7 EBIT?

Rapid7's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $13.9 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-48.6 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Rapid7's annualized ROC % for the quarter that ended in Mar. 2024 was 0.64%. Rapid7's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 60.02%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Rapid7's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -1.63%.

Rapid7 EBIT Historical Data

The historical data trend for Rapid7's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Rapid7 EBIT Chart

Rapid7 Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-40.41

-72.73

-121.62

-111.32

-85.08

Rapid7 Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial															-22.60	-63.14	-18.01	18.68	13.85

Competitive Comparison of Rapid7's EBIT

For the Software - Infrastructure subindustry, Rapid7's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Rapid7's EV-to-EBIT Distribution in the Software Industry

For the Software industry and Technology sector, Rapid7's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Rapid7's EV-to-EBIT falls into.

Rapid7 EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-48.6 Mil.

Rapid7 (NAS:RPD) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Rapid7's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	42.272 * ( 1 - 79.81% )	/	( (1340.389	+	1314.55)	/ 2 )
=	8.5347168	/	1327.4695
=	0.64 %

where

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	1505.348	-	100.301	-	( 383.173	-	max(0, 569.792	-	634.45	+	383.173	))
=	1340.389

	Invested Capital		(Q: Mar. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	1488.473	-	72.121	-	( 411.717	-	max(0, 524.065	-	625.867	+	411.717	))
=	1314.55

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Rapid7's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	55.412	/	( ( (94.335 + max(-305.063, 0))	+	(90.302 + max(-295.658, 0)) )	/	2 )
=	55.412	/	( ( 94.335	+	90.302 )	/	2 )
=	55.412	/	92.3185
=	60.02 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(164.862	+	0	+	86.415)	-	(100.301	+	455.503	+	0.53600000000006)
=	-305.063

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(124.595	+	0	+	89.555)	-	(72.121	+	437.687	+	0)
=	-295.658

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Rapid7's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-48.621	/	2980.189
	=	-1.63 %

Rapid7 EBIT Related Terms

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Rapid7 (Rapid7) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Rapid7 Inc (NAS:RPD) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

R7D:Germany R7D:Germany

Address

120 Causeway Street, Boston, MA, USA, 02114

Website

https://www.rapid7.com

Founded in 2000, Rapid7 is a cybersecurity company that began providing vulnerability management solutions. It has, however, expanded its portfolio to provide extended detection and response, or XDR; security information and event management, or SIEM; cloud security, threat intelligence, and application security; and security orchestration, automation, and response, or SOAR. The Boston-based company went public in 2015.

Executives

Andrew F. Burton	officer: Chief Operating Officer	500 UNICORN PARK DRIVE, WOBURN MA 01801
Marc Evan Brown	director	C/O RAPID7, INC., 100 SUMMER STREET, BOSTON MA 02110
Thomas Corey E.	director, officer: President and CEO	C/O RAPID7, INC., 100 SUMMER STREET, BOSTON MA 02110
Timothy M Adams	officer: Chief Financial Officer	311 ARSENAL STREET, WATERTOWN MA 02472
Thomas E Schodorf	director	C/O SPLUNK INC, 250 BRANNAN STREET, SAN FRANCISCO CA 94107
Christina Luconi	officer: Chief People Officer	C/O RAPID7, INC., 100 SUMMER STREET, BOSTON MA 02110
Peter Kaes	officer: SVP, General Counsel	C/O RAPID7, INC., 100 SUMMER STREET, BOSTON MA 02110
Benjamin Holzman	director, 10 percent owner	C/O BAIN CAPITAL VENTURES, 335 BRYANT STREET, PALO ALTO CA 94301
Jeffrey Kalowski	officer: Chief Financial Officer	10 MAGUIRE ROAD, BUILDING 1, SUITE 125, LEXINGTON MA 02421
Lee David Weiner	officer: Chief Product Officer	C/O RAPID7, INC., 100 SUMMER STREET, BOSTON MA 02110
Michael J Berry	director	C/O INFORMATICA CORPORATION, 2100 SEAPORT BOULEVARD, REDWOOD CITY CA 94063
Judy Bruner	director	C/O SANDISK CORPORATION, 601 MCCARTHY BLVD., MILPITAS CA 95035
Reeny Sondhi	director	C/O RAPID7, INC., 120 CAUSEWAY STREET, BOSTON MA 02114
Christina Kosmowski	director	C/O RAPID7, INC., 120 CAUSEWAY STREET, BOSTON MA 02114
Timothy P Mcadam	director, 10 percent owner, other: May be part of a 13(d) group	250 MIDDLEFIELD RD, MENLO PARK CA 94025