CyberArk Software

CYBR Q2 2025 Earnings

Reported Jul 30, 2025 at 8:27 AM ET · SEC Source

Q2 25 EPS

$0.88

BEAT +10.86%

Est. $0.79

Q2 25 Revenue

$328.0M

BEAT +3.69%

Est. $316.4M

vs S&P Since Q2 25

-20.6%

TRAILING MARKET

CYBR -6.5% vs S&P +14.0%

Market Reaction

Did CYBR Beat Earnings? Q2 2025 Results

CyberArk Software delivered a standout second quarter, posting non-GAAP EPS of $0.88 against a consensus estimate of $0.79, a beat of 10.86%, while revenue of $328.03 million cleared the $316.35 million estimate by 3.69% and surged 46.0% year over ye… Read more CyberArk Software delivered a standout second quarter, posting non-GAAP EPS of $0.88 against a consensus estimate of $0.79, a beat of 10.86%, while revenue of $328.03 million cleared the $316.35 million estimate by 3.69% and surged 46.0% year over year. The headline numbers, however, were quickly overshadowed by the quarter's defining development: Palo Alto Networks announced a definitive agreement to acquire CyberArk in a cash-and-stock deal valued at approximately $25.00 billion, with shareholders set to receive $45.00 in cash plus 2.20 Palo Alto shares per CyberArk share, representing a 26% premium. The revenue momentum was fueled in large part by the integration of Venafi and Zilla Security, which helped push total ARR to $1.27 billion, up 47% year over year, while the subscription share of ARR climbed to 85% from 78% a year ago. With the acquisition pending, CyberArk cancelled its earnings call and withdrew all financial guidance, as the deal positions identity security as a central pillar of an integrated cybersecurity platform built for the agentic AI era.

Key Takeaways

  • Strong demand for identity security solutions
  • Successful land and expand platform selling motion
  • Subscription ARR growth of 61% year-over-year to $1.088 billion
  • Total ARR growth of 47% year-over-year to $1.274 billion
  • Contribution from Venafi and Zilla Security acquisitions
  • Subscription revenue growth of 66% year-over-year
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CYBR YoY Financials

Q2 2025 vs Q2 2024, source: SEC Filings

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CYBR Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q4 25
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CYBR Revenue by Geography

Regional revenue distribution

“CyberArk delivered second quarter results that highlight the demand for identity security and the success of our land and expand platform selling motion. We operate in an environment where the pace of change is exponential, and identity is central to major breaches. To meet this challenge, organizations need an identity security platform that delivers both breadth and depth: comprehensive coverage of every identity type – human, machine and AI – delivered on a unified platform with best-in-class privilege controls that only CyberArk can provide. This is why we are very pleased with Palo Alto Networks' proposed acquisition of CyberArk that was announced earlier this morning. Together we can bring our vision for identity security to the world, much faster and at a scale only enabled by the combination of both companies.”

— Matt Cohen, Q2 2025 Earnings Press Release