Rapid7, Inc.

United States · owned by Independent (United States) · www.rapid7.com · 35 vendors

Rapid7 is a global leader in AI-powered managed cybersecurity operations, offering the Rapid7 Command Platform that integrates security data with AI, threat intelligence, and expert analysis to reduce risk and disrupt attackers. The company provides managed detection and response (MDR), exposure management, vulnerability management, and incident response services to more than 11,500 customers worldwide. Rapid7 also fosters major open-source security communities including Metasploit and Velociraptor.

Resilience scores

Disruption prediction

Rapid7, Inc. has an estimated 11% probability of disruption in the next 6 months.

17 of Rapid7, Inc.'s 35 vendors monitored for disruptions.

Technology vendors

Services catalogue

6 services in catalogue across 2 categories; runs on 35 sub-vendors.

Insights

Last updated 2026-09-13 · revision 8

35 direct vendors, 299 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Migration Readiness: 9/10

Assessed by AI based on technology stack characteristics (cloud-native vs legacy, containerization, microservices), regulatory environment, data residency requirements, financial stability, and vendor lock-in risks. The score ranges from 0-10, where higher scores indicate better readiness for technology migration.

Rapid7 demonstrates very high migration readiness, primarily driven by its advanced technological foundation and mature operational practices. The internal tech stack is extensively cloud-native, utilizing AWS, Kubernetes, and Docker for containerization, and employs modern frameworks and multiple programming languages (Scala, Java, Go, Python, Ruby). This architecture is highly conducive to agile migration and further cloud adoption. The company's regulatory environment is well-managed, with established compliance for GDPR, SOC2, ISO 27001, and SOX, and explicit data residency controls across various regions (EU-U.S. DPF, Swiss-U.S. DPF, UK Extension, DESC CSP, IRAP). This maturity in compliance and data governance significantly reduces potential hurdles during migration. Financially, Rapid7's strong and consistent revenue growth provides ample capacity to fund significant migration initiatives. Regarding vendor relationships, while the 'Total Vendors: 0' data is contradictory, the presence of 'Total Services: 41' and vendor HQ countries across 7 unique nations suggests a diverse vendor landscape. This diversity, coupled with the likely large number of underlying vendors implied by 41 services, indicates a lower overall vendor lock-in risk compared to a highly concentrated vendor base. The 'Vendor Lock-in Risk' is explicitly stated as unknown, which is the primary area lacking specific detail, but the other indicators suggest that vendor dependencies are unlikely to be a major impediment to migration.

Compliance

9 in-scope frameworks identified; showing 3.

DESC CSP — Compliant

Rapid7 has achieved Dubai Electronic Security Center Cloud Service Provider certification, enabling services to Dubai government entities. This certification is based on ISO 27001 and local security requirements. Low risk due to successful certification achievement.

Evidence: https://www.rapid7.com/trust/compliance/

ISO 27001 (source) — Compliant

Rapid7 has achieved ISO 27001 certification through Schellman, demonstrating a mature Information Security Management System (ISMS). The certification requires annual audits to maintain compliance, indicating ongoing commitment. Low risk due to established certification and regular audit cycle.

Evidence: https://www.rapid7.com/trust/compliance/

BSI C5 — Compliant

Rapid7 has successfully completed BSI C5:2020 Type 2 examination for their Command Platform and Threat Command, demonstrating compliance with German cloud security requirements. This is a rigorous certification that covers 17 security domains. Low risk due to successful certification and ongoing operational effectiveness verification.

Evidence: https://www.rapid7.com/trust/compliance/

Financials

Three-year financials

Financial Resilience Score: 6/10

Rapid7 demonstrated a significant financial inflection in 2024, achieving GAAP profitability for the first time with $25.5M net income and $35.0M operating income, reversing losses of $152.8M and $124.7M in 2023 and 2022 respectively. The company's recurring revenue model (96% of FY2024 revenue) provides strong visibility and predictability, with $839.8M in ARR across 11,727 customers in 147 countries. Liquidity is robust with $334.7M in cash and equivalents plus $224.3M in investments, totaling approximately $559M. Free cash flow nearly doubled to $154.1M in 2024, and operating cash flow grew to $171.7M. However, the company carries a substantial debt load of approximately $946M in convertible senior notes (2025, 2027, and 2029 maturities), which significantly exceeds total equity of just $17.7M. The accumulated deficit stands at $(988.0M), reflecting historical losses, and total liabilities of $1.63B vastly outweigh total assets attributable to equity holders. Revenue growth has decelerated meaningfully from 28% (2022) to 8.5% (2024), and ARR growth slowed to 4.2% in 2024 from 12.8% in 2023, raising concerns about competitive positioning against larger platforms like Microsoft, Palo Alto Networks, and CrowdStrike. Additional risks include an unresolved Israeli tax assessment of ~$88M related to the Minerva acquisition, an activist investor (JANA Partners) with a 5.8% stake potentially pressuring strategy, and a new $660M cloud spend commitment over 5 years increasing fixed obligations. The combination of profitability improvement and strong cash generation offsets concerns about leverage and growth deceleration, resulting in a moderate resilience score.

Key strengths: 96% recurring revenue providing predictable cash flows, Achieved GAAP profitability in 2024 for the first time, Strong liquidity of ~$559M in cash and investments, Free cash flow nearly doubled to $154.1M in 2024, Diversified customer base of 11,727 across 147 countries with no customer >1% of revenue, Completed restructuring (16% workforce reduction) reducing cost base, 5-year revenue CAGR of ~20% (2020-2024)

Risk factors: High debt load of ~$946M in convertible senior notes vs. only $17.7M equity, Accumulated deficit of $(988.0M), Revenue growth deceleration from 28% (2022) to 8.5% (2024), ARR growth slowed to 4.2% in 2024, Unresolved Israeli tax assessment of ~$88M, Activist investor (JANA Partners 5.8% stake) pressure, New $660M cloud commitment over 5 years increasing fixed obligations, Intense competition from Microsoft, Palo Alto, CrowdStrike and other large platforms

Revenue by geography

Revenue by product/service

Workforce by country

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