Rubrik (NYSE:RBRK) reported a narrower-than-expected second-quarter loss and raised its annual guidance, though shares slipped more than 4% in premarket trading Wednesday.

The cloud data management company posted a loss of $0.03 per share, compared with forecasts for a $0.34 loss. Revenue climbed to $309.9 million, above consensus of $282 million.

Net new subscription annual recurring revenue came in at $71 million, beating estimates of $44 million but down from $89 million in the prior quarter, raising some concerns about customer attrition and sales momentum.

For fiscal 2026, Rubrik projected a smaller loss of $0.50 to $0.44 per share, compared with expectations for a $0.97 loss, and revenue of $1.23 billion to $1.24 billion, above forecasts of $1.19 billion.