Cyberark ( (CYBR) ) has released its Q4 earnings. Here is a breakdown of the information Cyberark presented to its investors.
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CyberArk, a leader in identity security solutions, specializes in securing human and machine identities across enterprises, distinguished by its AI-powered Identity Security Platform. The company has reported a record-breaking financial year for 2024, with total revenue hitting $1.001 billion and annual recurring revenue (ARR) reaching $1.169 billion, driven by strong demand for its solutions and strategic acquisitions. Key financial achievements include a 15% non-GAAP operating margin and a return to the Rule of 40, a full year ahead of its target. Subscription revenue showed significant growth, with a 62% increase in the fourth quarter compared to the previous year, contributing to a 51% rise in ARR. Despite strong non-GAAP earnings, CyberArk reported a GAAP net loss for the year, influenced by acquisition expenses and share-based compensation. Looking forward, CyberArk is poised for continued growth in 2025, expecting revenue to increase by over 30% as it integrates recent acquisitions and continues to expand its comprehensive identity security platform.
