NASDAQ$CYBR

CyberArk · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

CyberArk reported strong revenue growth in Q4 2024, with total revenue increasing by 41% year-over-year, driven by robust subscription growth. The company achieved record ARR and maintained a strong free cash flow margin. However, GAAP net loss widened due to acquisition-related costs.

Headline financials

Total Revenue

$314M

Previous: $223M+40.9%
EPS (adj)

$0.80

Previous: $0.81-1.2%
Capital Expenditures

-$3.97M

Previous: -$695K-471.1%
Net Income

-$97.1M

Previous: $8.91M-1189.9%
Operating Income

-$16M

Previous: -$4.71M-239.3%
Gross Profit

$261M

Previous: $185M+41.1%
R&D Expense

$73.3M

Previous: $53.8M+36.2%

Revenue & EPS history

CyberArk · Revenue · Quarterly

$314M

Q4 2024+40.9%vs Q4 2023
Beat estimate in 8 of 11 quarters(73%)
ActualEstimate

Forward guidance

CyberArk expects strong revenue growth in 2025, with ARR surpassing $1.41 billion and an increased focus on identity security expansion. However, integration costs from recent acquisitions may impact short-term profitability.

Tailwinds

  • Revenue guidance of $1.308B - $1.318B (+31% to +32% YoY)
  • Expected ARR of $1.41B - $1.42B (+21% YoY)
  • Q1 2025 revenue guidance of $301M - $307M (+36% to +39%)
  • Strong momentum in subscription revenue growth
  • Increased investments in AI-driven security innovations

Headwinds

  • Integration costs from the Zilla Security acquisition
  • Potential short-term profitability pressure due to investment in growth
  • Market volatility could impact enterprise cybersecurity spending
  • Continued high operating expenses from expansion efforts
  • Potential foreign exchange headwinds impacting international revenues

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 Q4 2024

Historical avgQ4 2024

+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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