Rubrik vs WatchGuard

10-Q Financial Filing Analysis for Rubrik (2026-09-01)

For the second fiscal quarter ended July 31, 2026, Rubrik reported robust financial results driven by the ongoing enterprise transition to the Rubrik Security Cloud (RSC) platform and the introduction of its Rubrik Agent Cloud suite. Total quarterly revenue increased 38% year-over-year to $427.3 million, with Subscription revenue expanding 37% to $407.2 million, representing 95% of total revenue. Net loss improved significantly from $95.9 million in the prior-year period to $61.8 million, reflecting operating leverage across sales, marketing, and general administrative functions. Subscription ARR reached $1.66 billion (up 33% YoY), while Cloud ARR increased 39% YoY to $1.48 billion. For the six months ended July 31, 2026, Rubrik generated $158.5 million in operating cash flow and achieved positive Free Cash Flow of $139.3 million, up from $90.9 million in the prior-year period. Remaining performance obligations reached approximately $2.62 billion, highlighting strong forward contract visibility, supported by a subscription net retention rate exceeding 119% and 3,084 large customers with over $100,000 in Subscription ARR.

• Q2 fiscal 2027 revenue grew 38% year-over-year to $427.3 million, driven by a 37% increase in Subscription revenue to $407.2 million.
• Subscription ARR reached $1.661 billion (up 33% YoY) and Cloud ARR reached $1.483 billion (up 39% YoY), with 3,084 customers contributing $100k+ in ARR.
• Generated $139.3 million in Free Cash Flow for the first six months of the fiscal year, with total cash, equivalents, and short-term investments of $1.748 billion as of July 31, 2026.

WisdomAI Launches Live Apps for Governed AI Applications

WisdomAI announced the general availability of Live Apps, a new feature that allows data teams to build and deploy governed AI applications via natural language prompts. These apps connect to live enterprise data and inherit security, governance, and semantic definitions. Live Apps aim to replace traditional dashboards with interactive, self-service analytics, addressing the challenge of ungoverned AI-generated artifacts. A survey by WisdomAI found that only 19% of analytics leaders are fully confident in AI-generated insights. Early usage indicates that Live Apps replaced 15% of dashboards within five weeks for initial customers, with one customer retiring their entire dashboard estate for projected savings of over $500,000. The platform supports MCP and Python toolkit for advanced analytics.

• WisdomAI launched Live Apps for building governed AI applications from prompts.
• Live Apps connect to live enterprise data and inherit governance controls.
• A WisdomAI survey found only 19% of analytics leaders are fully confident in AI-generated insights.

Rubrik Unveils Code Guardian: Attack Your Code Before Attackers Do

Rubrik introduces Rubrik Code Guardian, built with Anthropic, using Claude Mythos 5 to red-team a secure, air-gapped copy of your code, validate exploitable attack paths, prioritize what matters, and accelerate remediation before attackers get there.

WatchGuard Named a 2026 Inc. Power Partner Award Winner

WatchGuard® Technologies, a global leader in unified cybersecurity for managed service providers (MSPs) and small and medium sized businesses (SMBs), today announced it has been named a 2026 Inc. Power Partner Awards winner. The Inc. Power Partner Awards honor the top global B2B organizations that…

WatchGuard CEO on next MSP opportunity; Three Market Shifts from IMPACT Partner Conference 2026

New articles added: 'From Shadow AI to managed AI: WatchGuard CEO on the next MSP opportunity' (Channel Buzz, Oct 15) and 'Three Market Shifts That IMPACT PARTNER CONFERENCE 2026 Made Impossible to Ignore' (MSSP Alert, Oct 13). Removed: 'WatchGuard CEO: MSPs Face Growing Pressure As AI Accelerates Threats' (CRN) and 'WatchGuard unveils MSP-focused agentic digital AI workforce' (Tech Partner News).

Rai Expands: WatchGuard’s Agentic AI Digital Workforce Is Now Available

Following its IMPACT debut, Rai is now generally available, bringing agentic AI to managed security with richer insights and Digital Workforce roles.