Cognyte Software Reports Strong Q1 Growth and Profitability

Cognyte Software Ltd. ( (CGNT) ) has released its Q1 earnings. Here is a breakdown of the information Cognyte Software Ltd. presented to its investors.

Cognyte Software Ltd. is a global leader in software-driven technology for investigative analytics, providing solutions that enable customers to generate actionable intelligence from their data, primarily serving law enforcement, national security, and intelligence agencies.

In its first quarter of fiscal year 2026, Cognyte Software Ltd. reported significant financial growth, with a 15.5% increase in revenue compared to the same period last year, marking a notable improvement in profitability. The company also highlighted its strategic acquisition of GroupSense, a cyber threat intelligence firm, as part of its growth strategy.

Key financial metrics for the quarter include a revenue of $95.5 million, a GAAP operating income of $2.2 million compared to a loss last year, and an adjusted EBITDA that more than doubled to $10.3 million. The company executed a share repurchase program, buying back 952,000 shares, and reported a decrease in cash reserves primarily due to these repurchases. Additionally, Cognyte’s acquisition of GroupSense is expected to bolster its U.S. market presence.

Cognyte’s management remains optimistic about the future, projecting a revenue growth of approximately 13% for fiscal year 2026, with an expected adjusted EBITDA growth of 50%. The company aims to leverage its strong balance sheet and innovative solutions to drive long-term growth and profitability.

Looking ahead, Cognyte is focused on capitalizing on its strategic initiatives and maintaining its commitment to innovation in investigative analytics, with a clear revenue visibility and financial flexibility to seize upcoming opportunities.