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CYBR

CyberArk Software Ltd.

CYBR

CyberArk Software Ltd. • NASDAQ
$458.59 ▲ 2.92% (+12.99)
Market Cap $23.15 B
52w High $526.19
52w Low $288.63
Dividend Yield 0%
P/E -95.14
Volume 557.05K
Outstanding Shares 50.48M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $342.836M ▲ $282.835M ▲ $-50.438M ▲ -14.712% ▲ $-1 ▲ $3.438M ▼
Q2-2025 $328.03M ▲ $275.211M ▲ $-90.828M ▼ -27.689% ▼ $-1.81 ▼ $10.639M ▼
Q1-2025 $317.601M ▲ $262.073M ▼ $11.463M ▲ 3.609% ▲ $0.23 ▲ $10.891M ▼
Q4-2024 $314.384M ▲ $271.978M ▲ $-97.118M ▼ -30.892% ▼ $-2.02 ▼ $58.138M ▲
Q3-2024 $240.102M $204.007M $11.11M 4.627% $0.26 $-7.153M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $1.468B ▼ $4.602B ▲ $2.267B ▲ $2.335B ▲
Q2-2025 $1.539B ▲ $4.531B ▲ $2.212B ▲ $2.319B ▼
Q1-2025 $722.39M ▼ $3.338B ▼ $910.261M ▼ $2.428B ▲
Q4-2024 $819.776M ▼ $3.348B ▲ $978.591M ▼ $2.37B ▲
Q3-2024 $1.475B $2.462B $1.231B $1.231B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $-90.828M ▼ $4.731M ▼ $-668.788M ▼ $1.133B ▲ $472.83M ▲ $-363K ▼
Q1-2025 $11.463M ▲ $98.528M ▲ $-213.957M ▲ $629K ▼ $-112.913M ▲ $95.522M ▲
Q4-2024 $-97.118M ▼ $64.736M ▲ $-1.051B ▼ $276.355M ▲ $-712.005M ▼ $60.767M ▲
Q3-2024 $11.11M ▲ $54.173M ▲ $534.926M ▲ $6.196M ▲ $597.458M ▲ $51.568M ▲
Q2-2024 $-12.923M $44.343M $152.476M $4.376M $200.49M $41.723M

Five-Year Company Overview

Income Statement

Income Statement Revenue has been growing steadily for several years, with particularly strong acceleration recently, showing that demand for CyberArk’s security offerings is rising. The company consistently earns high gross margins, which means its core products are priced well relative to their direct costs. However, CyberArk is still reporting operating and net losses, reflecting heavy spending on sales, marketing, and product development. These losses have been narrowing over time, and underlying profit measures before certain costs have recently turned positive, suggesting the business model is moving toward scale and potential future profitability but is not there yet.

Balance Sheet

Balance Sheet The balance sheet looks generally solid and conservative. Total assets and shareholders’ equity have risen sharply, likely reflecting acquisitions and the accumulation of past capital raises. Cash balances are healthy, giving the company flexibility to keep investing and absorbing bumps in results. Debt levels are relatively modest compared with the equity base, indicating low financial leverage. One nuance is that recent acquisitions probably increased intangible assets, which are less tangible than cash or property, but overall the capital structure appears robust and supportive of long-term growth plans.

Cash Flow

Cash Flow Cash generation is a key strength. CyberArk has produced positive operating cash flow in each of the past several years, and this figure has improved meaningfully more recently as the subscription and SaaS model matures. Free cash flow has also been consistently positive, helped by very light capital spending needs. In simple terms, the company is already behaving like a cash-generative software business even though it still shows accounting losses. This gives management room to keep funding R&D, sales capacity, and acquisitions without depending heavily on new borrowing.

Competitive Edge

Competitive Edge CyberArk holds a leading position in privileged access management, a critical and highly sensitive slice of cybersecurity. Its tools are deeply integrated into customers’ core systems, which makes switching providers difficult, costly, and risky—this creates strong customer stickiness. The firm is well known among large enterprises and governments and is often viewed as a reference standard in its niche. Competition remains intense, with large identity and security vendors circling the same budgets, but CyberArk’s depth in privileged access, broad identity security platform, and focus on high-value, complex environments together form a meaningful competitive moat.

Innovation and R&D

Innovation and R&D Innovation is central to CyberArk’s strategy. The company evolved from its original digital vault technology into a broad identity security platform covering human users, machines, cloud workloads, and DevOps environments. It has used both internal development and targeted acquisitions—such as Viewfinity, Conjur, and Venafi—to expand into endpoint privilege, secrets management, and machine identity. CyberArk is also leaning into artificial intelligence to enhance threat detection, automate security decisions, and manage the emerging world of AI agents. Overall, R&D efforts are aimed at staying ahead of new attack surfaces while simplifying operations for stretched security teams.

Summary

CyberArk combines strong revenue growth, rich gross margins, and solid cash generation with a still-loss-making income statement. The business is clearly in a scale-up phase: it is prioritizing growth, product breadth, and market leadership over near-term accounting profits, but underlying cash flows are already healthy. The balance sheet provides a comfortable cushion, and the company’s entrenched role in privileged access management gives it a defensible competitive position in a mission-critical area of cybersecurity. Key watchpoints include the pace of margin improvement, effective integration of acquisitions like Venafi, and the ability to maintain its edge as identity, machine, and AI security markets converge. Overall, CyberArk looks like a maturing, strategically important player in infrastructure software, transitioning from high-growth specialist toward a broader, platform-based identity security provider.

NEWS

November 19, 2025 · 8:30 AM UTC

CyberArk Unveils Free Tool and Powerful TLS Certificate Scan to Help Organizations Tackle Soaring Labor Costs and Disruptive System Outages

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November 13, 2025 · 4:05 PM UTC

CyberArk Shareholders Approve the Company's Acquisition by Palo Alto Networks

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November 6, 2025 · 7:00 AM UTC

CyberArk Announces Strong Third Quarter 2025 Results

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November 4, 2025 · 8:30 AM UTC

CyberArk Introduces First Identity Security Solution Purpose-Built to Protect AI Agents with Privilege Controls

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October 16, 2025 · 11:06 AM UTC

CyberArk Named a Leader in the 2025 Gartner® Magic Quadrant™ for Privileged Access Management

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