RPD
Rapid7 Inc.
Is RPD Halal?
Cybersecurity solutions — permissible.
What You Should Know
Rapid7 provides vulnerability management and incident response. Its March 2026 Form 10-Q reports $1,719.643 million of assets, $893.240 million of convertible-note debt, $343.291 million of cash, $326.967 million of short-term investments, $135.128 million of receivables and $209.691 million of quarterly revenue. Debt/assets is 51.94%, liquidity/assets is 38.98%, receivables-plus-cash/assets is 27.82%, and disclosed interest income is 2.68% of revenue; the cybersecurity core remains permissible but the financial screens fail.
⚠️ Concerns
- •Convertible-note debt exceeds the examined 33.333% limits
- •Short-term investments are a material liquidity balance
- •Minor interest income
- •Cybersecurity services and government/enterprise contracts require review
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-14.
893.24 / 1,719.643
670.258 / 1,719.643
478.419 / 1,719.643
5.612 / 209.691
- Financial
- Fails
- Overall
- Fails
Debt/assets is 51.94% and liquidity/assets is 38.98%, above the examined 33.333% limits; receivables-plus-cash/assets is 27.82% and disclosed interest income is 2.68% of revenue.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 51.94% and liquidity/assets is 38.98%, above the examined MSCI 33.33% limits; receivables-plus-cash/assets is 27.82%.
- Financial
- Fails
- Overall
- Fails
Debt/assets and liquidity/assets exceed the examined Malaysia 33% limits; this is a calculation against SAC ratios, not an official classification.
- Financial
- Not calculated
- Overall
- Fails
A properly licensed and reproducible historical market-cap series is not stored; the debt and liquidity failures remain independently documented.
Business-activity disclosure
Rapid7 provides vulnerability management, incident response and cybersecurity subscriptions. The core security business is generally permissible, but customer end uses, government contracts and professional services require qualitative review.
Limitation: The filing does not provide a universal prohibited-activity numerator across customers, contracts and service lines.
Purification
Rapid7 discloses $5.612 million of interest income, but does not provide a complete prohibited-activity numerator; no definitive purification percentage is invented.
Inputs, assumptions and primary sources
- Amounts are USD millions from Rapid7's March 31, 2026 Form 10-Q.
- Interest-bearing debt is $597.574 million of current convertible senior notes plus $295.666 million of noncurrent convertible senior notes, net.
- Cash and cash equivalents are $343.291 million. Short-term investments are $326.967 million; long-term investments are zero at March 31, 2026 and are included as interest-bearing securities.
- Accounts receivable, net are $135.128 million.
- Revenue is $209.691 million for the three months ended March 31, 2026; disclosed interest income is $5.612 million.
- Cybersecurity subscriptions, professional services and government/enterprise contracts are not reduced to a universal prohibited-revenue numerator.
This is a reproducible financial screen, not a fatwa. A failed total-assets screen can coexist with a pass under a market-cap methodology. ZakatInvest keeps the qualitative assessment separate so numerical thresholds do not erase material context.
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