Commentary
This explanation uses an earlier data snapshot or evidence version. Compare its generation date with the current filing figures.
Earlier AI snapshot · Generated Aug 2, 2026. The filing-backed figures above are the current source of truth.
RAPID7, INC. shows steady balance-sheet growth over the five-year period, with total assets rising from about $1.30 billion in 2021 to $1.73 billion in 2025, a gain of roughly 33%. This suggests continued scaling of the business and asset base. Total liabilities also increased over the period, from about $1.42 billion to $1.57 billion, though the path was not linear: liabilities peaked around 2024 before easing slightly in 2025. In practical terms, asset growth has outpaced liability growth since 2021, which is a constructive sign for financial flexibility. The most notable trend is in stockholders’ equity. Rapid7 reported negative equity from 2021 through 2023, with the deficit narrowing modestly from about $(126.0) million in 2021 to $(118.2) million in 2023. The company then made a sharp improvement in 2024, turning nearly breakeven at $17.7 million, and strengthened further in 2025 to $154.7 million. This shift from negative to positive equity is a meaningful inflection point, indicating a much healthier capital structure. In the software and cybersecurity sector, it is not unusual for growth-oriented firms to operate with elevated liabilities and weak or negative equity for periods of time, but the recent improvement suggests Rapid7 has materially improved its balance-sheet resilience.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.
Statement
Assets, liabilities and equity aligned across the annual filing history, in USD millions.
Assets
+4.5% YoYReported for FY 2025
Liabilities
-3.8% YoYReported for FY 2025
Equity
+773.6% YoYReported for FY 2025
Equity mix
+7.9 ppEquity share of the capital base
Table view
Every figure is the balance as filed. Each filing badge opens the SEC index page for that fiscal year.
Structure
Assets plotted against the liabilities and equity stack, so you can see how the balance sheet is financed.
Liabilities and equity stack to the capital base; assets are the dashed reference line.
Composition
The same split read as a share of total capital rather than in absolute dollars.
Percentages are measured against total capital for each fiscal year.
Trend
How assets, liabilities and equity have moved across the annual balance sheet window.
Switching between bar and line keeps the selected year order.