Rubrik Inc. (RBRK), the Zero Trust Data Security company, saw its stock soar 22.87% in the 24 hours leading up to the after-market close on Friday. The surge came after the company reported impressive third-quarter fiscal 2025 results and raised its guidance for the full year.

In its Q3 earnings report released after the market close on Thursday, Rubrik announced that its subscription annual recurring revenue (ARR) grew 38% year-over-year to $1.002 billion, surpassing the $1 billion mark. The company also reported revenue of $236.2 million, a 43% increase from the same period last year, beating analysts' expectations of $217.52 million.

Moreover, Rubrik's adjusted loss per share of $0.21 came in narrower than analysts' estimates of a $0.40 loss. The company attributed its strong performance to its growing customer base, with 2,085 customers contributing $100,000 or more in subscription ARR, up 32% year-over-year.

Encouraged by the Q3 results, Rubrik raised its full-year fiscal 2025 guidance. The company now expects revenue between $860 million and $862 million, up from its previous guidance of $830 million to $838 million, and above the consensus estimate of $834.9 million. Rubrik also narrowed its adjusted loss per share guidance to a range of $1.82 to $1.86, compared to the prior outlook of $2.06 to $2.12.

In the earnings call, Bipul Sinha, Rubrik's CEO, Chairman, and Co-Founder, expressed confidence in the company's position in the cyber resilience market, stating, "Our strong growth at scale shows that we're winning the cyber resilience market and we're excited to continue to execute on this new vision to define the future of the cybersecurity industry."