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RAPIDA Rapid7 Announces Second Quarter 2021 Financial Results • Annualized recurring revenue ( ARR ) of $ 488.9 million , an increase of 29 % year - over - year • Revenue of $ 126.4 million , up 28 % year - over - year ; Products revenue of $ 119.1 million , up 29 % year - over - year • Total customer growth of 13 % year - over - year Total ARR per customer growth of 14 % year - over - year Exhibit 99.1 Boston , MA - August 4 , 2021 - Rapid7 , Inc. ( Nasdaq : RPD ) , a leading provider of security analytics and automation , today announced its financial results for the second quarter of 2021 . " Strong demand across Rapid7's Insight Platform drove second quarter ending ARR of approximately $ 489 million , growth of 29 % year - over - year , validating both our strategy and execution as we continue on our journey to make the best in security operations accessible and achievable for all , " said Corey Thomas , Chairman and CEO of Rapid7 . " Companies of all sizes are being met by a shifting attacker landscape as they dramatically increase their focus on delivering world - class digital and remote experiences to keep up with the pace of innovation . It is clear that our ability to meet customers where they are in their SecOps journey with leading capabilities across detection & response , vulnerability risk management , and cloud security is resonating . With the recent addition of IntSights leading threat intelligence capabilities , Rapid7 is even better positioned to lead the charge in enabling customers to drive security transformation alongside their digital investments . " CFO Future Retirement The company also announced that Jeffrey Kalowski , who has served as Rapid7's Chief Financial Officer since January 2017 , has informed the company of his intent to retire from his position in 2022. Kalowski will remain in his current position until a successor is named in order to facilitate a smooth transition . Rapid7 is initiating a search for a new Chief Financial Officer and will consider internal and external candidates . " On behalf of the entire Rapid7 organization I want to thank Jeff for his leadership in helping to guide Rapid7 through a period of tremendous growth , ” said Corey Thomas . " Jeff has been instrumental in transitioning and scaling our recurring revenue business over the past 5 years while helping to build a world class culture at Rapid7 , and I look forward to his continued partnership into next year . " Second Quarter 2021 Financial Results and Other Metrics Three Months Ended June 30 , 2021 Annualized recurring revenue Number of customers ( 1 ) $ ARR per customer ( 1 ) $ 488,860 $ 9,315 52.5 $ 2020 ( dollars in thousands ) 379,891 % Change 8,223 29 % 13 % 46.2 14 % ( 1 ) Number of customers and ARR per customer are based on our new customer count methodology provided at our virtual investor day on March 10 , 2021. Prior period amounts have been revised to conform with the modified definitions provided in the Non - GAAP Financial Measures and Other Metrics section below . rapid7.com