NASDAQ$CYBR

CyberArk · Q1 2025 earnings

Q1 2025 earnings · · Investor relations

Briefing

CyberArk reported strong Q1 2025 results with robust ARR growth and significant cash flow generation.

CyberArk started 2025 with strong momentum, achieving record recurring revenue and ARR growth, driven by its identity security platform and recent acquisitions. Profitability improved on a non-GAAP basis, and the company demonstrated healthy cash flow.

  • Total revenue reached $317,601,000 in Q1 2025.
  • Annual Recurring Revenue (ARR) hit $1.215 billion, with $1.028 billion from subscriptions.
  • Free cash flow was $95,522,000, representing a 30% margin.
  • Non-GAAP EPS increased to $0.98, driven by operating leverage and acquisition impact.

Headline financials

Total Revenue

$318M

Previous: $222M+43.4%
EPS (adj)

$0.98

Previous: $0.75+30.7%
Free Cash Flow

$95.5M

No prior period
Net Income

$11.5M

Previous: $5.47M+109.6%
Operating Income

-$20.7M

Previous: -$6.38M-225.1%
Gross Profit

$241M

Previous: $179M+34.8%

Revenue & EPS history

CyberArk · Revenue · Quarterly

$318M

Q1 2025+43.4%vs Q1 2024
Beat estimate in 8 of 11 quarters(73%)
ActualEstimate

Forward guidance

CyberArk anticipates continued revenue and profitability growth in Q2 and FY25, incorporating expected contributions from Venafi and Zilla acquisitions.

Tailwinds

  • Q2 revenue guidance between $312M–$318M.
  • Full-year 2025 revenue projected at $1.313B–$1.323B.
  • Non-GAAP EPS for full year expected at $3.73–$3.85.
  • ARR projected to reach $1.41B–$1.42B by year-end.
  • Free cash flow expected between $300M–$310M (excluding one-time items).

Headwinds

  • Includes one-time $42M tax cost for IP migration (excluded from FCF guidance).
  • Estimated $15M in capex for new U.S. headquarters.
  • GAAP operating loss still reported despite top-line growth.
  • Decline in deferred revenue sequentially from December to March.
  • Impact of acquisition-related expenses on short-term profitability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 15 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

+2.8%

Avg return

Earnings day

+5.8%

Avg return

5 days after

+6.2%

Avg return

30 days after

57%

27 / 47 earnings

Positive

+31.7%

Q3 2014

Best reaction

-14.7%

Q4 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025-3.5%+0.6%+0.6%
Q3 2025-0.8%+2.2%-5.4%
Q2 2025+0.1%-6.0%+4.2%
Q1 2025-1.7%-3.4%+6.7%
Q4 2024+8.8%+7.6%-10.8%
Q3 2024+0.2%+1.7%+4.2%
Q2 2024+12.4%+11.7%+8.8%
Q1 2024-4.1%+0.3%-3.1%
Q4 2023+15.7%+8.5%+8.5%
Q3 2023+11.4%+13.0%+23.3%
Q2 2023+9.1%+10.3%+17.4%
Q1 2023+2.9%+5.2%+9.2%
Q4 2022-2.8%+0.1%-6.4%
Q3 2022+5.9%+7.7%+8.7%
Q2 2022+5.2%+8.4%+10.7%
Q1 2022+24.4%+22.0%+23.8%
Q4 2021+8.0%+7.9%+5.0%
Q3 2021+6.9%
Q2 2021+16.1%
Q1 2021-14.1%
Q4 2020+0.6%
Q3 2020-1.7%
Q2 2020-4.0%
Q1 2020-10.9%
Q4 2019-14.7%
Q3 2019+2.6%
Q2 2019-3.2%
Q1 2019+4.0%
Q4 2018+17.0%
Q3 2018+15.0%
Q2 2018+9.1%
Q1 2018+3.6%
Q4 2017+5.6%
Q3 2017+7.6%
Q2 2017-1.0%
Q1 2017-12.6%
Q4 2016-1.7%
Q3 2016+6.2%
Q2 2016-7.0%
Q1 2016+2.7%
Q4 2015-8.9%
Q3 2015-8.5%
Q2 2015-8.3%
Q4 2013-8.5%
Q4 2012-8.5%
Q4 2014+25.7%
Q3 2014+31.7%
Q2 2014
Q1 2014
Q3 2013
Q2 2013
Q1 2013

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