Rubrik delivered a milestone Q4 2025, underscoring the companyβs ability to convert rapid ARR growth into improving profitability while expanding addressable markets in cyber resilience and AI-enabled data protection. Total revenue rose 47% YoY to $258.1 million, with subscription ARR totaling $1.093 billion (up 39% YoY) and subscription revenue of $244 million (up 54% YoY). Cloud ARR reached $876 million (up 67% YoY), reflecting sustained demand for Rubrik Security Cloud as customers migrate to multi-cloud and SaaS environments. Net retention remained robust above 120%, and large customers (>=$100k ARR) now account for 84% of subscription ARR, signaling deeper enterprise penetration. In profitability terms, the company reported a quarterly free cash flow of $75 million and a yearly free cash flow of $22 million, while subscription ARR contribution margin improved more than 1,400 basis points to a positive 2% (TTM). Management reiterated a disciplined investment stance, emphasizing AI-era data security, a multi-cloud strategy, and expanding product footprints (DSPM integration, AD/Ent raID recovery, and OpenShift/PostgreSQL support). For FY2026, Rubrik guides to roughly 24% ARR growth (to $1.35β$1.36B), ~30% revenue growth, and a sustained positive contribution margin in subscription ARR (4β5.5%), with free cash flow expected in the $45β$65 million range. The management tone is constructive on secular tailwinds (cyber resilience, regulatory requirements like DORA, and Microsoft ecosystem expansion) and selective capex to scale, while acknowledging near-term seasonality in ARR margins and the transition to annual sales comp plans.