CyberArk's earnings call reflects a strong start to 2025, with significant growth in ARR, successful integration of acquisitions, and continued innovation in identity security solutions. However, cautiousness about macroeconomic conditions and some tax impacts are noted.

Company Guidance

During the Q1 2025 earnings call, CyberArk Software Ltd. provided several key metrics in their guidance. They reported a total annual recurring revenue (ARR) of $1.215 billion, with net new ARR of $46 million, and subscription ARR growing to $1.028 billion. The total revenue for the quarter was $318 million, and the company achieved an 18% operating margin, generating $96 million in free cash flow. For Q2 2025, CyberArk expects revenue to be between $312 million and $318 million, with non-GAAP operating income ranging from $41.5 million to $46.5 million. The full-year 2025 revenue is projected to be between $1.313 billion and $1.323 billion, representing a 32% year-over-year growth at the midpoint. Additionally, the company anticipates adjusted free cash flow for 2025 to be between $300 million and $310 million, reflecting a 23% margin. These results and projections underscore CyberArk's strong performance and growth trajectory in the cybersecurity space, especially in identity security.

Exceeding Q1 2025 Metrics

CyberArk exceeded all guided metrics for Q1 2025, achieving total ARR of $1.215 billion, revenue of $318 million, an 18% operating margin, and $96 million in free cash flow.

Strong Demand for Identity Security

There is robust demand for CyberArk's identity security solutions, which continue to be a top spending priority for organizations.

Growth in Subscription ARR

Subscription ARR grew to $1.028 billion, with net new ARR of $51 million, showing strong performance in subscription services.

Successful Integration and Performance of Acquisitions

Venafi integration is ahead of expectations, contributing significantly to the machine identity business. The Zilla acquisition also shows early success.

Innovation and New Solutions

CyberArk introduced new solutions and capabilities across human, machine, and AI identities, with strategic partnerships enhancing their offerings.

Increased Full-Year Revenue and Earnings Guidance

Full-year revenue guidance increased to $1.313 billion to $1.323 billion, and non-GAAP operating income guidance raised to $221 million to $229 million.

CyberArk Software (CYBR) Earnings, Revenues Date & History

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CYBR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	0.93 / -	0.94	―	―	―
Jul 30, 2025	2025 (Q2)	0.79 / 0.88	0.54	62.96% (+0.34)	―	―
May 13, 2025	2025 (Q1)	0.79 / 0.98	0.75	30.67% (+0.23)
Feb 13, 2025	2024 (Q4)	0.72 / 0.80	0.81	-1.23% (-0.01)
Nov 13, 2024	2024 (Q3)	0.46 / 0.94	0.42	123.81% (+0.52)
Aug 08, 2024	2024 (Q2)	0.40 / 0.54	0.03	1700.00% (+0.51)
May 02, 2024	2024 (Q1)	0.28 / 0.75	-0.17	541.18% (+0.92)
Feb 08, 2024	2023 (Q4)	0.47 / 0.81	0.16	406.25% (+0.65)
Nov 02, 2023	2023 (Q3)	0.23 / 0.42	-0.06	800.00% (+0.48)
Aug 10, 2023	2023 (Q2)	-0.13 / 0.03	-0.27	111.11% (+0.30)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

CYBR Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 30, 2025	$434.48	$435.19	+0.16%
May 13, 2025	$367.66	$361.29	-1.73%
Feb 13, 2025	$380.86	$414.31	+8.78%
Nov 13, 2024	$300.76	$291.61	-3.04%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.