So there have been just 5 SaaS IPOs since 2021, but more are coming. SaaS Security leader Rubrik has performed the best of all of them, with a market cap of a stunning $14 Billion (!)
The numbers are epic:
- $1.1 Billion ARR
- 39% growth. (!)
- 120% NRR
- 80 NPS
That’s close to as good as it gets, folks.
And come meet Co-founder and CTO Arvind Nithrakashyap at 2025 SaaSrtr Annual, May 13-15 in SF Bay!!
5 Interesting Learnings:
#1. From $152m ARR in 2022 to $1.1B Today
Now these numbers are flattered by Rubrik’s transition to a SaaS model. But still — breathtaking.
#2. CyberSecurity Remains a High Growth Segment, With Zero Downturns
You may have noticed Wiz’s $32 Billion acquisition by Google. Rubrik’s 39% growth at $1.1 Billion in ARR is equally as impressive. CIOs can’t risk big breaches, so more and more IT budget just keeps going to cybersecurity. Especially as attacks surge.
#3. $100k Customers Fuel The Growth
While Rubrik only hsa 23 $100k+ customers in 2019, today it has 2,246 (!)
#4. More Efficient. And Free Cash Flow Positive, But Just Barely.
Rubrik has gotten much more efficient, but it’s also growing at a jaw-dropping rate of 39% at $1.1 Billion ARR. So it’s not super efficient like some more slow growing peers. Growth trumps efficiency, even in the public markets. But Rubrik has at least crossed the line into non-GAAP profitability.
#5. CEO Bipul Sinha Took 400 Customer Meetings Last Year!
Get out there more folks!! đŸ™‚
Wow what a rocketship! And learn more from founder and CTO at 2025 SaaStr Annual on May 13-15 in SF Bay!!
And a related deep dive on AI and SaaS with Rubrik’s CPO Arvind Nithrakashyap from last year’s SaaStr Annual here:
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
- PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
- PlatoESG. Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
- PlatoHealth. Biotech and Clinical Trials Intelligence. Access Here.
- Source: https://www.saastr.com/5-interesting-learnings-from-rubrik-at11billion/
