Rubrik (NYSE:RBRK) used its Forward Conference in Las Vegas to roll out a wave of AI-powered products and lay out long-term profitability targets, drawing a positive reception from Wedbush analysts.
The cybersecurity firm launched its Agentic Cyber Suite, a set of AI-focused resilience tools built within a single platform that consolidates data and identity management across enterprise ecosystems.
At the centre of the launch is Rubrik AI, a reasoning and autonomous agent designed to deliver operational insights and recovery solutions, which the company positions within a $45 billion addressable opportunity.
Rubrik AI ships with three new integrations: an agent mode spanning Rubrik Security Cloud and Rubrik Agentic Cloud; agent guardrails with built-in controls to contain risks from autonomous AI actions; and orchestrated workflows capable of executing multi-step recovery sequences.
Customer adoption metrics presented at the conference pointed to growing cross-product engagement. Rubrik said 75% of its customers now use multiple products across new categories, and 70% of new customers are landing with two or more products. The average deal size for that cohort stood at approximately $157,000, representing a 50% compound annual growth rate since the first quarter of fiscal 2025.
On the financial side, management outlined long-term targets including non-GAAP gross margins in the 77% to 82% range and non-GAAP operating income margins above 20%, with AI adoption cited as a driver of further operating leverage at scale.
Wedbush noted the company is targeting a total addressable market exceeding $125 billion with its expanding resilience portfolio.