Covering IPOs, Healthcare and Technology Stocks

Andrei Zakharov

A highly collaborative investment professional and research analyst with 10+ years of international experience in equity research, treasury operations, and trading positions across multiple asset classes at leading multinational banks Citibank and Morgan Stanley, UHNWI-backed family office and European independent equity research firm. A respectable background in equity capital markets, corporate treasury, investment banking operations, equity research analysis and portfolio management.

Rubrik 1QFY26 Update: Huge Opportunity In Identity Resilience Will Drive Growth In The Future

Rubrik 2Q’FY26 Wrap: Subscription NRR, Cash Flow Metrics Remain Robust. Growth Is Slowing Into FY27

Rubrik 3QFY25 Wrap: Solid Outlook, Improving FCF and $1B+ In Subscription ARR

Rubrik: Long Path To Profitability, Massive Stock-Based Comp in Q1 FY25, PT Reduced To $46.00

Rubrik IPO Preview and Valuation Analysis: 2024’s Hottest SaaS Investment Opportunity

Equity Bottom-Up

<ul>
<li>Rubrik, a fast-growing data security company, delivered notable upside in 4QFY25 and management provided stronger than expected FY26 revenue guidance. </li>
<li>At ~12x EV to my FY26 total revenue estimate, I think the stock has an upside potential vs. current levels given ~30% growth rate at scale.</li>
<li>I expect significant cash flow growth once the cloud transformation is complete, supporting continued stock appreciation.</li>
</ul>


Rubrik, a fast-growing data security company, delivered notable upside in 4QFY25 and management provided stronger than expected FY26 revenue guidance. 
At ~12x EV to my FY26 total revenue estimate, I think the stock has an upside potential vs. current levels given ~30% growth rate at scale.
I expect significant cash flow growth once the cloud transformation is complete, supporting continued stock appreciation.


Rubrik 4QFY25 Earnings Recap: Sizable Beat and Cash Flow Growth Acceleration in FY26