CLAIM #66324 · Rapid7 Inc (RPD) · 2025Q4 earnings call · Feb 10, 2026 · due Dec 31, 2026
“We think it can be better. We have a number of major releases coming out to make it easier to do the VM to bond with the vulnerability management. Exposure upgrade until we think we have upside there.”
Corey Thomas · CEO
In context
“Corey Thomas (CEO): Yeah. No. So one Rob went to one that framed it as a churn thing. But, you know, to be clear, I do think that the if you look at the biggest driver, DNR is growing, but it's not enough to compensate for the negative for the rest for the other parts of the business that aren't growing. But I will answer your churn questions too about what we see around churn is we see you know, if you think about DNR, and you think about exposure exposure was stable last year, so it was in line with expectations. We think it can be better. We have a number of major releases coming out to make it easier to do the VM to bond with the vulnerability management. Exposure upgrade until we think we have upside there. But again, was slower last year. And so we're not baking that into the core assumptions and outlook. And it's not that's not a true one thing either. And so that is something that we're actually looking at in the middle of the year. But we actually have good visibility there. The DNR one, we're actually doing great in DNR. I would just say that for customers to say we love what you're doing, we need you to do more, or we want more services, we want more customizations, not set up right now to fully unlock that right now. And so that does cause more complex customers to come out in the near term. That one we have a lot more confidence in clearing and visibility in. Because we've been specifically retooling around that. And that, we actually think, improves both on the addressable market TAM side but our ability to say yes to customers as we go forward. So again, the biggest driver is DNR growth isn't enough to compensate for the other, but I also want to make sure explicitly address your questions on churn dynamics. Did that get to your core questions?”
Verify independently
SEC filings for RPD ↗ · Claim quote is verbatim from the 2025Q4 earnings call.