Rapid7 Inc. has announced its financial results for the first quarter of 2025. The company reported an annualized recurring revenue $(ARR)$ of $837 million, marking a 4% increase compared to the same period last year. Total revenue reached $210 million, reflecting a 3% year-over-year growth, with product subscriptions revenue contributing $204 million, up 4% from the previous year. The financial report indicated a GAAP operating loss of $0.1 million, while the non-GAAP operating income was reported at $32 million. Rapid7's net cash provided by operating activities amounted to $30 million, and free cash flow was recorded at $25 million. For the second quarter of 2025, Rapid7 has provided guidance with expected revenue ranging between $211 million and $213 million, indicating a year-over-year growth of 1% to 2%. For the full year 2025, the company projects revenue to be between $853 million and $863 million, with a similar growth rate of 1% to 2%. Non-GAAP net income per share is forecasted to range from $0.43 to $0.46 for the second quarter and from $1.78 to $1.91 for the full year. The company anticipates free cash flow for the full year to be between $125 million and $135 million. The guidance does not account for potential impacts from foreign exchange gains or losses. Corey Thomas, Chairman and CEO of Rapid7, acknowledged the slower start to the year but expressed confidence in the company's long-term strategy and focus on navigating the uncertain macroeconomic environment.