Rapid7 reports flat Q1 revenue, profit beat as AI security demand supports RPD

Rapid7 (RPD) reported flat year-over-year first-quarter revenue and non-GAAP profit above Wall Street expectations, supported by demand for its detection and response products tied to AI-enabled security operations. Management said growth in AI-driven Security Operations Centers and exposure management helped offset weakness elsewhere. CEO Corey Thomas said customers are seeking tools to address faster-moving cyber threats. Key investor focus areas include migration from legacy products to the Exposure Command platform, integration of Kenzo Security, customer retention, non-core product attrition and whether operating efficiencies translate into margin expansion. Rapid7 shares traded at $6.48 after the earnings update, down from $6.68 before the report.