Observed Signal · Sep 1, 2026 · earnings · Source: SEC API · Impact: 4.2/5
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.
Demonstrates Rubrik's rapid ARR and Cloud ARR expansion following its business transition to a pure SaaS model, alongside narrowing net operating losses and robust positive free cash generation.
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Key Takeaways & Evidence Grounding
- 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.
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10-Q Financial Filing Analysis for SPS Commerce (2026-07-30)
For the second quarter ended June 30, 2026, SPS Commerce reported total revenues of $197.8 million, up 5.6% year-over-year, driven by ongoing expansion across its retail supply chain network and 1P recurring revenue customer base. Recurring revenues reached $190.4 million, representing 96% of total revenue. However, GAAP operating income fell 68.2% to $8.4 million and GAAP net income dropped to $6.9 million ($0.19 per diluted share) due to a $23.5 million pre-tax loss on the divestiture of its third-party (3P) revenue recovery business. Operating cash flows remained strong, surging 68.3% to $121.7 million for the first six months of 2026. The divestiture of the non-core 3P business on June 30, 2026, generated $8.8 million in net cash and reduced recurring customer count to approximately 46,650 while expanding ARPU by 14% to $15,100. Non-GAAP performance remained healthy, with Q2 Adjusted EBITDA expanding 18.9% to $66.6 million (34% margin) and non-GAAP EPS reaching $1.27.
10-Q Financial Filing Analysis for Yelp (2026-08-07)
Yelp reported modest financial performance for Q2 2026, with total net revenue increasing 1% year-over-year to $375.52 million, up from $370.39 million in Q2 2025. Net income attributable to common stockholders declined 28% to $31.65 million ($0.57 per diluted share) compared to $44.09 million ($0.67 per diluted share) in the prior-year period. Revenue expansion was led by a 98% surge in Other revenue to $33.02 million, boosted by data licensing partnerships (including OpenAI) and the February 2026 acquisition of Hatchify Inc. (Hatch), which contributed $8.5 million in quarterly revenue. Conversely, core advertising revenue fell 3% to $342.50 million, pressured by a 10% contraction in the Restaurants, Retail & Other category. Operating expenses rose 5% year-over-year to $331.79 million, driven by higher website infrastructure and AI product investments, marketing initiatives, and Hatch-related integration and amortization costs. Free cash flow for the first six months reached $106.23 million. Management announced a strategic pause on share repurchases for the remainder of 2026 to prioritize debt repayment on its $100.0 million outstanding credit facility borrowings.
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