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RBRK FY3Q26: Business Fundamentals and Competitive Landscape Remain Healthy; Identity Resilience Emerges as a Highlight
FUNDA
Q3 beat and raised Q4/ARR guide; Identity Resilience taps net-new CISO budgets, driving share gains.
Preview: Our previous channel checks suggested a softer Q3 followed by improvement in Q4, with a generally optimistic outlook for next year. We also noted that risks related to customer budgets and competition appeared manageable.
Results Overview: Q3 execution was strong, resulting in a full-year guidance raise and an optimistic tone regarding the outlook for the upcoming year.
Financial Metrics
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Q3 Revenue: $350M vs. consensus $320.5M (Company guidance: $319–321M). This represents a 9% beat against consensus and a 9% beat against the high end of guidance (comparable to the 9.7% beat against the high end last quarter).
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Q3 Subscription ARR: $1.35B vs. consensus $1.32B, a 2% beat.
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Q4 Revenue Guidance: $341–343M vs. consensus $325M, exceeding expectations by roughly 6%.
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Q4 Subscription ARR Guidance: Raised by 2% compared to the prior quarter’s guidance.
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