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Stock Crock's avatar

Real nice and incisive write-up on Rubrik. Its not the most popular stock, so not much written on it. Always good to find someone analysing this company.

With more than 50% sales growth and Price to sales lower than some other comapnies in Cybersecurity, it kept intriguing me, as to whether or not I should invest.

So I did a detailed research, and captured it on this link.

Have a read and let me know if there is anything that I am missing in your opinion.

Wolf of Harcourt Street's avatar

Thanks for the feedback. Please feel free to DM me that link.

Tyler Corderman's avatar

Thank you, always!

Hidden Market Gems's avatar

Impressive top-line acceleration and margin improvement, but with non-recurring material rights adding ~7 points to revenue growth, how do you see Rubrik sustaining >40% growth once that tailwind fades?

Wolf of Harcourt Street's avatar

I don't see it growing >40%, my forward assumptions for FY27 and beyond lower.

TacticzHazel's avatar

Good analysis! Very surprising to see the 20% drop after raising guidance like that

Wolf of Harcourt Street's avatar

Thank you. Indeed, the market can behave irrationally.

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Sep 17Edited
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Wolf of Harcourt Street's avatar

Not sure this is accurate. Rubrik disclosed that the fair value of Predibase at acquisition was $109 million. They also reported $93 million of goodwill recognized from the acquisition, bringing the total to $202 million. Only $15 million was paid in cash, with the remainder settled in shares.