Cyberark Software Ltd Financials

CYBR

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2024 Currency USD FYE December

This page shows Cyberark Software Ltd (CYBR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 13 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 67/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Cyberark Software Ltd has an operating margin of -7.3%, meaning the company retains $-7 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -15.5% the prior year.

Growth

100

Cyberark Software Ltd's revenue surged 33.1% year-over-year to $1.0B, reflecting rapid business expansion. This strong growth earns a score of 100/100.

Leverage

Cyberark Software Ltd carries a low D/E ratio of 0.41, meaning only $0.41 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 96/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Cyberark Software Ltd's current ratio of 1.48 indicates adequate short-term liquidity, earning a score of 39/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

100

Cyberark Software Ltd converts 22.1% of revenue into free cash flow ($220.8M). This strong cash generation earns a score of 100/100.

Piotroski F-Score Neutral

4/9

Cyberark Software Ltd passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Mixed

-2.48x

For every $1 of reported earnings, Cyberark Software Ltd generates $-2.48 in operating cash flow ($231.9M OCF vs -$93.5M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Revenue

$1.0B

YoY+33.1%

5Y CAGR+18.2%

10Y CAGR+25.5%

Cyberark Software Ltd generated $1.0B in revenue in fiscal year 2024. This represents an increase of 33.1% from the prior year.

EBITDA

-$30.8M

YoY+68.3%

Cyberark Software Ltd's EBITDA was -$30.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 68.3% from the prior year.

Free Cash Flow

$220.8M

YoY+330.8%

5Y CAGR+10.4%

10Y CAGR+26.1%

Cyberark Software Ltd generated $220.8M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 330.8% from the prior year.

Net Income

-$93.5M

YoY-40.5%

Cyberark Software Ltd reported -$93.5M in net income in fiscal year 2024. This represents a decrease of 40.5% from the prior year.

EPS (Diluted)

$-2.12

YoY-32.5%

Cyberark Software Ltd earned $-2.12 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 32.5% from the prior year.

Cash & Debt

$526.5M

YoY+47.9%

5Y CAGR-7.9%

10Y CAGR+15.5%

Cyberark Software Ltd held $526.5M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

49M

YoY+17.0%

5Y CAGR+5.4%

10Y CAGR+4.9%

Cyberark Software Ltd had 49M shares outstanding in fiscal year 2024. This represents an increase of 17.0% from the prior year.

Gross Margin

79.2%

YoY-0.1pp

5Y CAGR-6.4pp

10Y CAGR-6.5pp

Cyberark Software Ltd's gross margin was 79.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 0.1 percentage points from the prior year.

Operating Margin

-7.3%

YoY+8.2pp

5Y CAGR-21.6pp

10Y CAGR-27.1pp

Cyberark Software Ltd's operating margin was -7.3% in fiscal year 2024, reflecting core business profitability. This is up 8.2 percentage points from the prior year.

Net Margin

-9.3%

YoY-0.5pp

5Y CAGR-23.9pp

10Y CAGR-19.0pp

Cyberark Software Ltd's net profit margin was -9.3% in fiscal year 2024, showing the share of revenue converted to profit. This is down 0.5 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

$243.1M

YoY+15.0%

5Y CAGR+27.4%

10Y CAGR+32.7%

Cyberark Software Ltd invested $243.1M in research and development in fiscal year 2024. This represents an increase of 15.0% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$11.1M

YoY+123.5%

5Y CAGR+9.5%

10Y CAGR+22.9%

Cyberark Software Ltd invested $11.1M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 123.5% from the prior year.

CYBR Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$1.0B+33.1%	$751.9M+27.1%	$591.7M+17.7%	$502.9M+8.3%	$464.4M+7.0%	$433.9M
Cost of Revenue	$208.4M+33.5%	$156.1M+23.9%	$126.0M+35.1%	$93.3M+13.0%	$82.6M+31.9%	$62.6M
Gross Profit	$792.4M+33.0%	$595.8M+27.9%	$465.7M+13.7%	$409.6M+7.3%	$381.9M+2.8%	$371.3M
R&D Expenses	$243.1M+15.0%	$211.4M+11.1%	$190.3M+33.9%	$142.1M+48.9%	$95.4M+31.6%	$72.5M
SG&A Expenses	$141.1M+48.9%	$94.8M+14.9%	$82.5M+15.5%	$71.4M+18.2%	$60.4M+15.5%	$52.3M
Operating Income	-$72.8M+37.5%	-$116.5M+23.6%	-$152.4M-94.6%	-$78.3M-1404.3%	$6.0M-90.4%	$62.3M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$77.5M+2287.4%	$3.2M+148.8%	-$6.7M+9.9%	-$7.4M-237.5%	$5.4M-23.5%	$7.0M
Net Income	-$93.5M-40.5%	-$66.5M+49.0%	-$130.4M-55.3%	-$83.9M-1357.9%	-$5.8M-109.1%	$63.1M
EPS (Diluted)	$-2.12-32.5%	$-1.60+50.2%	$-3.21-51.4%	$-2.12-1313.3%	$-0.15-109.3%	$1.62

Metric	Q4'24	Q2'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

CYBR Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$3.3B+65.6%	$2.0B+11.1%	$1.8B+7.5%	$1.7B+8.4%	$1.6B+11.2%	$1.4B
Current Assets	$1.2B-1.5%	$1.2B+10.4%	$1.1B+3.4%	$1.1B0.0%	$1.1B-7.4%	$1.1B
Cash & Equivalents	$526.5M+47.9%	$355.9M+2.5%	$347.3M-2.7%	$356.9M-28.6%	$500.0M-36.9%	$792.4M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$328.5M+76.1%	$186.5M+54.3%	$120.8M+6.7%	$113.2M+21.6%	$93.1M+27.7%	$73.0M
Goodwill	$1.3B+759.7%	$153.2M0.0%	$153.2M+23.9%	$123.7M0.0%	$123.7M+50.1%	$82.4M
Total Liabilities	$978.6M-20.4%	$1.2B+7.8%	$1.1B+18.1%	$966.7M+13.1%	$855.1M+9.5%	$781.0M
Current Liabilities	$807.4M-28.2%	$1.1B+148.6%	$452.5M+33.1%	$340.0M+37.6%	$247.0M+28.2%	$192.7M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$2.4B+199.1%	$792.3M+16.8%	$678.1M-6.7%	$726.5M+2.7%	$707.3M+13.3%	$624.1M
Retained Earnings	-$126.7M-281.5%	-$33.2M-199.7%	$33.3M-75.7%	$137.1M-38.0%	$221.0M-2.5%	$226.8M

Metric	Q4'24	Q2'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
Total Assets	$3.3B+57.9%	$2.1B+4.9%	$2.0B+11.1%	$1.8B+7.5%	$1.7B+8.4%	$1.6B+11.2%	$1.4B+108.6%	$673.6M
Current Assets	$1.2B-25.0%	$1.6B+31.3%	$1.2B+10.4%	$1.1B+3.4%	$1.1B0.0%	$1.1B-7.4%	$1.1B+137.9%	$481.8M
Cash & Equivalents	$526.5M-17.9%	$641.0M+80.1%	$355.9M+2.5%	$347.3M-2.7%	$356.9M-28.6%	$500.0M-36.9%	$792.4M+204.0%	$260.6M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$328.5M+110.5%	$156.0M-16.3%	$186.5M+54.3%	$120.8M+6.7%	$113.2M+21.6%	$93.1M+27.7%	$73.0M+50.6%	$48.4M
Goodwill	$1.3B+759.7%	$153.2M0.0%	$153.2M0.0%	$153.2M+23.9%	$123.7M0.0%	$123.7M+50.1%	$82.4M0.0%	$82.4M
Total Liabilities	$978.6M-21.3%	$1.2B+1.1%	$1.2B+7.8%	$1.1B+18.1%	$966.7M+13.1%	$855.1M+9.5%	$781.0M+277.6%	$206.8M
Current Liabilities	$807.4M-28.9%	$1.1B+1.0%	$1.1B+148.6%	$452.5M+33.1%	$340.0M+37.6%	$247.0M+28.2%	$192.7M+34.3%	$143.4M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$2.4B+170.2%	$877.0M+10.7%	$792.3M+16.8%	$678.1M-6.7%	$726.5M+2.7%	$707.3M+13.3%	$624.1M+33.7%	$466.8M
Retained Earnings	-$126.7M-211.6%	-$40.6M-22.5%	-$33.2M-199.7%	$33.3M-75.7%	$137.1M-38.0%	$221.0M-2.5%	$226.8M+38.5%	$163.7M

CYBR Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$231.9M+312.6%	$56.2M+13.1%	$49.7M-33.5%	$74.7M-30.0%	$106.8M-24.7%	$141.7M
Capital Expenditures	$11.1M+123.5%	$4.9M-60.5%	$12.5M+40.2%	$8.9M+24.4%	$7.2M+2.0%	$7.0M
Free Cash Flow	$220.8M+330.8%	$51.3M+37.8%	$37.2M-43.5%	$65.8M-33.9%	$99.6M-26.0%	$134.7M
Investing Cash Flow	-$346.3M-303.4%	-$85.8M-25.5%	-$68.4M+70.0%	-$228.2M+44.7%	-$412.4M-187.9%	-$143.2M
Financing Cash Flow	$288.8M+658.3%	$38.1M+211.5%	$12.2M+11.7%	$10.9M-17.4%	$13.2M-97.5%	$532.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'24	Q2'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

CYBR Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	79.2%-0.1pp	79.2%+0.5pp	78.7%-2.7pp	81.5%-0.8pp	82.2%-3.3pp	85.6%
Operating Margin	-7.3%+8.2pp	-15.5%+10.3pp	-25.8%-10.2pp	-15.6%-16.9pp	1.3%-13.1pp	14.3%
Net Margin	-9.3%-0.5pp	-8.8%+13.2pp	-22.0%-5.3pp	-16.7%-15.4pp	-1.2%-15.8pp	14.5%
Return on Equity	N/A	N/A	N/A	N/A	N/A	10.1%
Return on Assets	-2.8%+0.5pp	-3.3%+3.9pp	-7.2%-2.2pp	-5.0%-4.6pp	-0.4%-4.9pp	4.5%
Current Ratio	1.48+0.4	1.08-1.3	2.43-0.7	3.12-1.2	4.30-1.7	5.95
Debt-to-Equity	0.41-1.1	1.55-0.1	1.68+0.4	1.33+0.1	1.21-0.0	1.25
FCF Margin	22.1%+15.3pp	6.8%+0.5pp	6.3%-6.8pp	13.1%-8.4pp	21.4%-9.6pp	31.0%

Metric	Q4'24	Q2'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	1.48+0.1	1.40+0.3	1.08-1.3	2.43-0.7	3.12-1.2	4.30-1.7	5.95+2.6	3.36
Debt-to-Equity	0.41-1.0	1.42-0.1	1.55-0.1	1.68+0.4	1.33+0.1	1.21-0.0	1.25+0.8	0.44
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Cyberark Software Ltd's annual revenue?

Cyberark Software Ltd (CYBR) reported $1.0B in total revenue for fiscal year 2024. This represents a 33.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Cyberark Software Ltd's revenue growing?

Cyberark Software Ltd (CYBR) revenue grew by 33.1% year-over-year, from $751.9M to $1.0B in fiscal year 2024.

Is Cyberark Software Ltd profitable?

No, Cyberark Software Ltd (CYBR) reported a net income of -$93.5M in fiscal year 2024, with a net profit margin of -9.3%.

What is Cyberark Software Ltd's earnings per share (EPS)?

Cyberark Software Ltd (CYBR) reported diluted earnings per share of $-2.12 for fiscal year 2024. This represents a -32.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Cyberark Software Ltd's EBITDA?

Cyberark Software Ltd (CYBR) had EBITDA of -$30.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is Cyberark Software Ltd's gross margin?

Cyberark Software Ltd (CYBR) had a gross margin of 79.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Cyberark Software Ltd's operating margin?

Cyberark Software Ltd (CYBR) had an operating margin of -7.3% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Cyberark Software Ltd's net profit margin?

Cyberark Software Ltd (CYBR) had a net profit margin of -9.3% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Cyberark Software Ltd's free cash flow?

Cyberark Software Ltd (CYBR) generated $220.8M in free cash flow during fiscal year 2024. This represents a 330.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Cyberark Software Ltd's operating cash flow?

Cyberark Software Ltd (CYBR) generated $231.9M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Cyberark Software Ltd's total assets?

Cyberark Software Ltd (CYBR) had $3.3B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Cyberark Software Ltd's capital expenditures?

Cyberark Software Ltd (CYBR) invested $11.1M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does Cyberark Software Ltd spend on research and development?

Cyberark Software Ltd (CYBR) invested $243.1M in research and development during fiscal year 2024.

How many shares does Cyberark Software Ltd have outstanding?

Cyberark Software Ltd (CYBR) had 49M shares outstanding as of fiscal year 2024.

What is Cyberark Software Ltd's current ratio?

Cyberark Software Ltd (CYBR) had a current ratio of 1.48 as of fiscal year 2024, which is considered adequate.

What is Cyberark Software Ltd's debt-to-equity ratio?

Cyberark Software Ltd (CYBR) had a debt-to-equity ratio of 0.41 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Cyberark Software Ltd's return on assets (ROA)?

Cyberark Software Ltd (CYBR) had a return on assets of -2.8% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Cyberark Software Ltd's Piotroski F-Score?

Cyberark Software Ltd (CYBR) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Cyberark Software Ltd's earnings high quality?

Cyberark Software Ltd (CYBR) has an earnings quality ratio of -2.48x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Cyberark Software Ltd?

Cyberark Software Ltd (CYBR) scores 67 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.