Rapid7, Inc. (RPD) · 10+ Years of Financial Ratios

Profitability	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Return on Common Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	- -	-63.06	-44.44	-31.4	-20.68	-17.24	-13.17	-8.8	-12.53	-13.25	-9.39	-10.42
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	82.14	78.55	75.97	73.54	74.77	71.68	70.88	72.12	70.47	68.44	68.71	70.2
EBITDA Margin (%)	-24.29	-26.64	-32.52	-37.28	-26.88	-20.49	-17.18	-9.01	-12.51	-16.17	-10.3	2.34
Operating Margin (%)	-27.61	-31.02	-37.9	-42.13	-31.15	-24.28	-21.73	-14.07	-18.01	-22.43	-16.29	-3.56
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	-27.83	-31.16	-41.95	-44.66	-31.14	-23.74	-22.56	-16.46	-23.54	-25.39	-17.85	-19.26
Profit Margin (%)	-26.92	-31.44	-42.44	-45.11	-31.12	-22.63	-22.76	-16.47	-24.02	-27.33	-18.2	-19.19
Net Income to Common Margin (%)	-26.92	-31.44	-42.44	-45.11	-31.12	-22.63	-22.76	-16.47	-24.02	-27.33	-18.2	-19.19
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Credit	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Total Debt	- -	16	17	- -	- -	- -	175	265	464	913	914	1,025
ST Debt	- -	- -	- -	- -	- -	- -	- -	7	10	10	12	13
LT Debt	- -	16	17	- -	- -	- -	175	257	454	903	902	1,011
Total Debt/EBITDA	- -	-1.02	-0.67	- -	- -	- -	-4.17	-8.98	-9.01	-10.54	-12.96	56.24
Net Debt/EBITDA	- -	0.27	0.8	2.1	1.26	1.25	-1.79	-2.1	-3.98	-7.48	-8.62	39.32
Total Debt/EBIT	- -	-0.88	-0.58	- -	- -	- -	-3.29	-5.75	-6.26	-7.6	-8.19	-36.96
Net Debt/EBIT	- -	0.23	0.68	1.86	1.08	1.06	-1.42	-1.34	-2.77	-5.39	-5.45	-25.84
EBITDA to Interest Expense	157.51	131.09	8.92	16.33	200.59	473.17	-8.5	-2.2	-2.13	-6.06	-6.43	0.28
EBITDA-CapEx/Interest Expense	187.55	153.86	11.45	17.97	221.91	528.62	-11.1	-4.4	-2.7	-6.69	-8.28	0.21
EBIT to Interest Expense	179.04	152.66	10.4	18.45	232.46	560.85	-10.75	-3.44	-3.07	-8.4	-10.16	-0.43
Interest Expense	- -	- -	-3	-3	- -	- -	5	13	24	14	11	65
Common Equity/Total Assets	- -	-269.02	-279.81	-147.43	-159.85	-152.91	-82.97	-77.89	-67.54	-56.75	-63.29	-67.05
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	200.06	309.61	635.1	- -	- -	- -
Long-Term Debt/Capital (%)	- -	-100.36	-113.48	- -	- -	- -	-60.36	-101.67	-297.29	509.82	1,664.32	6,656.52
Long-Term Debt/Total Assets (%)	- -	27.26	19.4	- -	- -	- -	31.23	38.73	49.75	69.67	66.36	67.17
Total Debt/Equity (%)	- -	-50.09	-47.84	- -	- -	- -	200.06	318.24	648.53	-724.28	-761.48	-866.97
Total Debt/Capital (%)	- -	-100.36	-113.48	- -	- -	- -	-60.36	-104.51	-303.58	515.26	1,687.28	6,745.08
Total Debt/Total Assets (%)	- -	27.26	19.4	- -	- -	- -	31.23	39.81	50.81	70.41	67.28	68.06
Net Debt to Equity	- -	13.18	56.58	-127.14	-126.43	-213.48	86.03	74.29	286.53	-513.89	-506.9	-606.17
Net Debt/Capital (%)	- -	11.65	38.6	20.29	12.02	10.61	-19.31	-16.4	-62.79	5,169.51	-397.57	-361
EBITDA	-11	-16	-25	-41	-42	-41	-42	-29	-51	-87	-71	18
EBITDA-CapEx	-13	-19	-32	-45	-47	-46	-55	-59	-65	-96	-91	14
Operating Income (Loss)	-13	-19	-29	-47	-49	-49	-53	-46	-74	-120	-112	-28

Liquidity	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Cash Ratio	- -	0.38	0.5	0.75	0.49	0.48	1.1	0.84	0.88	0.48	0.55	0.67
Current Ratio	- -	0.77	0.89	1.18	0.89	0.91	1.51	1.27	1.34	0.92	0.96	1.11
Quick Ratio	- -	0.73	0.84	1.13	0.83	0.87	1.42	1.14	1.2	0.79	0.83	0.96
CFO/Avg Current Liab	- -	-0.02	-0.05	-0.02	0.07	0.08	0.03	-0.01	0.02	0.13	0.16	0.19
Common Equity/Total Assets	- -	-269.02	-279.81	-147.43	-159.85	-152.91	-82.97	-77.89	-67.54	-56.75	-63.29	-67.05
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	200.06	309.61	635.1	- -	- -	- -
Long-Term Debt/Capital (%)	- -	-100.36	-113.48	- -	- -	- -	-60.36	-101.67	-297.29	509.82	1,664.32	6,656.52
Long-Term Debt/Total Assets (%)	- -	27.26	19.4	- -	- -	- -	31.23	38.73	49.75	69.67	66.36	67.17
Total Debt/Equity (%)	- -	-50.09	-47.84	- -	- -	- -	200.06	318.24	648.53	-724.28	-761.48	-866.97
Total Debt/Capital (%)	- -	-100.36	-113.48	- -	- -	- -	-60.36	-104.51	-303.58	515.26	1,687.28	6,745.08
Total Debt/Total Assets (%)	- -	27.26	19.4	- -	- -	- -	31.23	39.81	50.81	70.41	67.28	68.06
CFO/Total Liabilities	- -	-0.66	-2.75	-1.17	4.53	5.11	1.29	-0.24	0.58	3.79	5.29	6.42
CFO/CapEx	-0.32	-0.22	-0.47	-0.46	2.03	2.75	0.47	-0.05	0.35	5.98	3.84	23.88
Altman's Z-Score	- -	-5.2	-4.96	-1.14	-1.99	-1.27	0.91	2.03	2.54	1.52	-0.42	0.58

Working Capital	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Accounts Receivable Turnover	- -	6.16	3.43	3.18	3.37	3.27	3.29	4.02	4.12	4.16	4.6	4.91
Days Sales Outstanding	- -	59.21	106.55	114.88	108.17	111.54	111.1	90.91	88.49	87.84	79.42	74.37
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	8.67	5.68	10.49	13.13	18.21	15.31	13.13	22.72	45.78	31.12	17.78
Accounts Payable Turnover Days	- -	42.08	64.27	34.79	27.79	20.05	23.85	27.8	16.06	7.97	11.73	20.53
Cash Conversion Cycle	- -	17.13	42.29	80.1	80.38	91.5	87.25	63.11	72.43	79.87	67.69	53.84
Inventory to Cash Days	- -	59.21	106.55	114.88	108.17	111.54	111.1	90.91	88.49	87.84	79.42	74.37
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Market Capitalization	- -	- -	- -	618	528	835	1,485	2,796	4,752	6,916	1,996	3,576
- Cash & Cash Equivalents	- -	21	37	87	53	52	100	123	174	165	207	214
+ Preferred Equity and Hybrid Capital	- -	128	212	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	16	17	- -	- -	- -	175	265	464	913	914	1,025
Enterprise Value	- -	124	192	532	456	744	1,401	2,821	4,904	7,606	2,619	4,218
Total Capital	- -	-16	-15	-340	-389	-434	-289	-253	-153	177	54	15
Total Debt/Capital (%)	- -	-100.36	-113.48	- -	- -	- -	-60.36	-104.51	-303.58	515.26	1,687.28	6,745.08
Total Debt / EV	- -	0.13	0.09	- -	- -	- -	0.12	0.09	0.09	0.12	0.35	0.24
EV/Sales	- -	2.07	2.49	4.81	2.9	3.7	5.74	8.63	11.92	14.21	3.82	5.42
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	231.53
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	51.25	56.36	126.89	235.45	166.13	109.74	29.3	24.99
EV/Free Cash Flow to Firm	- -	60.8	215.07	- -	34.04	41.28	58.73	68.12	113.2	97.12	23.86	24.36
Diluted Market Cap	- -	- -	- -	368	512	814	1,449	2,729	4,644	6,626	1,957	3,521
Diluted Enterprise Value	- -	124	192	282	459	762	1,525	2,871	4,935	7,374	2,664	4,332
EV per Share	- -	4.01	6.19	12.8	10.72	16.89	29.43	56.51	93.9	131.82	43.86	68.34
TTM Sales	46	60	77	111	157	201	244	327	411	535	685	778
TTM EBITDA	-11	-16	-25	-41	-42	-41	-42	-29	-51	-87	-71	18
TTM Operating Income	-13	-19	-29	-47	-49	-49	-53	-46	-74	-120	-112	-28
TTM Cash Flow to Firm	-1	-1	-6	-4	9	13	11	12	30	69	89	169
TTM Free Cash Flow to Firm	1	2	1	- -	13	18	24	41	43	78	110	173

Multiples	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	- -	- -	-10.18	-11.6	-15.66	-25.14	-46.15	-29.67	-38.29	-32.9	-19.05
Price/Earnings High	- -	- -	- -	-12.09	-16	-18.07	-31.72	-58.19	-46.54	-52.11	-53.52	-23.85
Price/Earnings Low	- -	- -	- -	-7.43	-7.96	-11.67	-15.9	-26.71	-17.24	-27.39	-12.58	-13.19
Price/Book Value	- -	- -	- -	-1.82	-1.36	-1.92	-3.2	-5.4	-7.71	-9.4	-2.32	-3.54
Price/Book Value Average	- -	- -	- -	-2.51	-1.51	-1.68	-3.08	-4.91	-4.87	-7.95	-4.87	-2.86
Price/Book Value High	- -	- -	- -	-2.98	-2.08	-1.94	-3.89	-6.2	-7.63	-10.82	-7.91	-3.58
Price/Book Value Low	- -	- -	- -	-1.83	-1.04	-1.25	-1.95	-2.84	-2.83	-5.69	-1.86	-1.98
Price/Tangible Book Value	- -	- -	- -	-34.58	-12.57	-11.04	-59.27	-64.62	-25.5	-9.19	-2.71	-4.77
Price/Tangible Book Value Average	- -	- -	- -	-47.65	-13.95	-9.66	-57.11	-58.84	-16.1	-7.77	-5.68	-3.86
Price/Tangible Book Value High	- -	- -	- -	-56.61	-19.25	-11.14	-72.06	-74.19	-25.26	-10.57	-9.24	-4.83
Price/Tangible Book Value Low	- -	- -	- -	-34.79	-9.58	-7.19	-36.11	-34.05	-9.36	-5.56	-2.17	-2.67
Price/Sales	- -	- -	- -	3.33	3.25	4.05	5.94	8.35	11.29	12.38	2.86	4.53
Price/Sales Average	- -	- -	- -	4.59	3.61	3.54	5.72	7.6	7.13	10.47	5.99	3.66
Price/Sales High	- -	- -	- -	5.45	4.98	4.09	7.22	9.58	11.18	14.24	9.74	4.58
Price/Sales Low	- -	- -	- -	3.35	2.48	2.64	3.62	4.4	4.14	7.49	2.29	2.53
Price/Cash Flow	- -	- -	- -	-193.04	56.18	61.26	238.95	-1,922.17	950.35	122.89	25.03	33.76
Price/Cash Flow Average	- -	- -	- -	-266.03	62.36	53.6	230.24	-1,750.14	600.1	103.92	52.47	27.27
Price/Cash Flow High	- -	- -	- -	-316.03	86.05	61.85	290.49	-2,206.67	941.37	141.43	85.35	34.14
Price/Cash Flow Low	- -	- -	- -	-194.21	42.82	39.93	145.59	-1,012.73	348.81	74.34	20.07	18.88
Price/Free Cash Flow	- -	- -	- -	165.16	37.61	44.95	76.78	97.45	248.51	105.29	19.85	32.41
Price/Free Cash Flow Average	- -	- -	- -	227.6	41.75	39.32	73.98	88.73	156.92	89.04	41.62	26.17
Price/Free Cash Flow High	- -	- -	- -	270.38	57.61	45.37	93.34	111.88	246.16	121.18	67.7	32.77
Price/Free Cash Flow Low	- -	- -	- -	166.15	28.67	29.29	46.78	51.35	91.21	63.7	15.92	18.12
EV/Sales	- -	2.07	2.49	4.81	2.9	3.7	5.74	8.63	11.92	14.21	3.82	5.42
EV/Sales Average	- -	2.07	2.49	6.92	3.39	3.38	6.17	8.22	8	12.32	7.14	4.76
EV/Sales High	- -	2.07	2.49	8.37	4.8	3.94	7.7	10.25	12.15	16.26	10.97	5.69
EV/Sales Low	- -	2.07	2.49	4.84	2.22	2.45	4.01	4.94	4.94	9.21	3.37	3.61
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	231.53
EV/EBITDA Average	- -	-7.76	-7.67	-18.57	-12.6	-16.49	-35.91	-91.17	-63.95	-76.21	-69.32	203.06
EV/EBITDA High	- -	-7.76	-7.67	-22.46	-17.86	-19.22	-44.84	-113.7	-97.11	-100.6	-106.47	243.04
EV/EBITDA Low	- -	-7.76	-7.67	-12.99	-8.26	-11.96	-23.37	-54.78	-39.53	-56.98	-32.7	154.28
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Average	- -	-6.67	-6.58	-16.44	-10.87	-13.91	-28.4	-58.41	-44.42	-54.94	-43.83	-133.44
EV/EBIT High	- -	-6.67	-6.58	-19.87	-15.41	-16.21	-35.46	-72.85	-67.45	-72.53	-67.33	-159.71
EV/EBIT Low	- -	-6.67	-6.58	-11.5	-7.12	-10.09	-18.48	-35.09	-27.46	-41.08	-20.67	-101.38
Last Price	- -	- -	- -	14.88	12.41	18.95	31.2	56.01	91	119.88	33.43	57.95
High Price	- -	- -	- -	24.36	19.01	19.13	37.93	64.3	90.14	137.97	113.99	58.6
Low Price	- -	- -	- -	14.97	9.46	12.35	19.01	29.51	33.4	72.52	26.8	32.4
Enterprise Value	- -	124	192	532	456	744	1,401	2,821	4,904	7,606	2,619	4,218
Enterprise Value Average	- -	124	192	765	533	679	1,506	2,687	3,291	6,597	4,892	3,699
Enterprise Value High	- -	124	192	925	756	791	1,881	3,351	4,998	8,708	7,514	4,427
Enterprise Value Low	- -	124	192	535	349	493	980	1,614	2,035	4,932	2,308	2,810

Per Share Data Items	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Shares Outstanding	27	31	31	42	43	44	48	50	52	58	60	62
Diluted Weighted Avg Shares	27	31	31	25	41	43	46	49	51	55	59	61
Basic Weighted Avg Shares	27	31	31	25	41	43	46	49	51	55	59	61
Revenue per Share	1.72	1.94	2.48	4.47	3.82	4.68	5.25	6.71	8.06	9.69	11.7	12.8
EBITDA per Share	-0.42	-0.52	-0.81	-1.67	-1.03	-0.96	-0.9	-0.6	-1.01	-1.57	-1.21	0.3
Operating Income per Share	-0.48	-0.6	-0.94	-1.88	-1.19	-1.14	-1.14	-0.94	-1.45	-2.17	-1.91	-0.46
Basic EPS, GAAP	-0.46	-0.61	-1.05	-2.02	-1.19	-1.06	-1.2	-1.1	-1.94	-2.65	-2.13	-2.46
Basic EPS from Cont Ops	-0.46	-0.61	-1.05	-2.02	-1.19	-1.06	-1.2	-1.1	-1.94	-2.65	-2.13	-2.46
Diluted EPS, GAAP	-0.46	-0.61	-1.05	-2.02	-1.19	-1.06	-1.2	-1.1	-1.94	-2.65	-2.13	-2.46
Diluted EPS from Cont Ops	-0.46	-0.61	-1.05	-2.02	-1.19	-1.06	-1.2	-1.1	-1.94	-2.65	-2.13	-2.46
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	-0.03	-0.02	-0.11	-0.08	0.22	0.31	0.13	-0.03	0.1	0.98	1.34	1.72
Free Cash Flow per Basic Share	-0.11	-0.11	-0.34	-0.24	0.11	0.2	-0.15	-0.63	-0.17	0.81	0.99	1.64
Cash & Equivalents per Share	- -	0.67	1.19	2.08	1.69	2.06	5.44	4.8	5.98	3.87	4.88	6.21
Book Value per Share	- -	-5.2	-7.86	-8.18	-9.14	-9.86	-9.75	-10.38	-11.81	-12.75	-14.4	-16.36
Tangible Book Value per Share	- -	-5.63	-8.37	-0.43	-0.99	-1.72	-0.53	-0.87	-3.57	-13.05	-12.34	-12.14

Rapid7, Inc.

RPD US

37.72

37.72