Dollar Amounts
USD (Millions)
Balance sheet data in USD (millions)
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Between 2021 and 2024 RAPID7’s total assets rose from $1,296.0m to $1,652.0m (≈+27.5%), reflecting steady asset growth likely tied to cash, acquisitions or intangible assets common in the cybersecurity/SaaS space. Total liabilities also increased but at a slower pace, from $1,422.0m to $1,634.3m (≈+14.9%). The liabilities line grew most sharply through 2022–2023 and then largely stabilized in 2024, which is consistent with patterns in the industry where deferred revenue and financing for growth can inflate the liability side as companies scale ARR and complete M&A. The most notable balance-sheet development is stockholders’ equity moving from a negative position (–$126.0m in 2021; –$118.2m in 2023) to a small positive balance of $17.7m in 2024. That shift (a ~$143.7m improvement) implies either equity raises, conversion/repayment of debt-like instruments, improvements in retained earnings, or a combination thereof. Despite that improvement, the equity cushion remains very thin (≈1.1% of assets) and the company is still highly leveraged (liabilities ≈99% of assets), which leaves the balance sheet sensitive to asset write-downs or operational setbacks. (The 2025 row appears to be placeholder/missing data.) Overall, the trends show growth accompanied by high leverage but a meaningful move toward solvency in 2024—worth monitoring alongside cash flow, deferred-revenue dynamics, and capital structure details.
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.