Rapid7 sets sharper focus under new CEO, targeting higher margins
Rapid7’s first earnings call with new CEO Wael Mohamed emphasized a leaner strategy after results mixed with a business pivot. Core detection and response now drives over 80% of $824M ARR, while operating income and free cash flow beat guidance. A restructuring cut about 12% of staff to target ~20% non-GAAP margins, as ARR and revenue guidance remain pressured by declines in non-core products.