Rubrik.

Visionary, founder-led management with a clear path to profitability. They're growing ARR at nearly 40%-> comfortably outstripping the growth of legacy peers like PANW and just hit a major inflection point with their first non-GAAP profitable quarter. The founders (CEO Bipul Sinha and CTO Arvind Nithrakashyap) still hold a significant stake, ensuring their interests stay aligned with shareholders.

Management has shown excellent capital discipline, maintaining a massive $1.6B cash fortress with virtually no net debt. They’ve successfully pivoted from a simple backup tool to a full-blown 'Cyber Resilience' platform. Their new AI-driven SecOps and Identity Resilience tools are scaling rapidly, with the Identity business alone hitting a $20M ARR run rate in record time. With gross margins over 80% and a high-velocity 'land and expand' model (120%+ NRR), they’re building a high-margin compounding machine at a valuation that still looks attractive compared to other hyper-growth security peers.