CYBR Q3 2025 Earnings
Reported Nov 6, 2025 at 7:12 AM ET · SEC Source
Q3 25 EPS
$1.20
BEAT +30.31%
Est. $0.92
Q3 25 Revenue
$342.8M
BEAT +4.36%
Est. $328.5M
vs S&P Since Q3 25
-24.8%
TRAILING MARKET
CYBR -17.4% vs S&P +7.4%
Market Reaction
Did CYBR Beat Earnings? Q3 2025 Results
CyberArk Software delivered a standout third quarter, posting non-GAAP EPS of $1.20 against a consensus estimate of $0.92, a beat of 30.31%, while revenue of $342.84 million topped expectations by 4.36% and climbed 42.8% year-over-year. The headline … Read more CyberArk Software delivered a standout third quarter, posting non-GAAP EPS of $1.20 against a consensus estimate of $0.92, a beat of 30.31%, while revenue of $342.84 million topped expectations by 4.36% and climbed 42.8% year-over-year. The headline numbers were powered by a 60% surge in subscription revenue to $280.13 million, reflecting the company's accelerating transition away from perpetual licensing; total ARR reached $1.34 billion, up 45%, with the subscription portion growing 57% to represent 86% of the total. Contributions from the Venafi and Zilla Security acquisitions added meaningful scale, with intangible amortization and deal-related costs widening the GAAP operating loss to $50.08 million, while non-GAAP operating income nearly doubled to $64.79 million at a 19% margin. The quarter's most consequential development, however, sits beyond the income statement: with Palo Alto Networks having announced a roughly $25.00 billion acquisition of CyberArk on July 30, 2025, the company is providing no forward guidance and will not host an earnings call pending deal closure, expected in the second half of PANW's fiscal 2026.
Key Takeaways
- • Record third quarter net new ARR of $68 million, up 16% year-over-year
- • Total ARR grew 45% year-over-year to $1.341 billion
- • Subscription ARR grew 57% year-over-year to $1.158 billion, representing 86% of total ARR
- • Robust demand across the business as customers address complex identity security challenges
- • Contributions from Venafi and Zilla Security acquisitions
- • Subscription revenue increased 60% year-over-year
- • Recurring revenue grew 46% year-over-year to $326.3 million
CYBR YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
CYBR Revenue by Segment
With YoY comparisons, source: SEC Filings
CYBR Revenue by Geography
Regional revenue distribution
“CyberArk delivered outstanding results, highlighted by record third quarter net new ARR and continued strong execution. We saw robust demand across our business, as customers turn to us to solve their most complex identity security challenges. The proliferation of privilege across human identities, the exponential rise of machine identities, and the emerging need to secure agentic AI create a tremendous opportunity — one that we are uniquely positioned to capture.”
— Matt Cohen, Q3 2025 Earnings Press Release
CYBR Earnings Trends
CYBR vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
CYBR EPS Trend
Earnings per share: estimate vs actual
CYBR Revenue Trend
Quarterly revenue: estimate vs actual
CYBR Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 25 BEAT FY | $-0.23 | $1.33 | +678.26% | $372.7M | +6.14% |
| FY Full Year | $4.01 | $4.40 | +9.84% | $1.36B | +1.61% |
| Q3 25 BEAT | $0.92 | $1.20 | +30.31% | $342.8M | +4.36% |
| Q2 25 BEAT | $0.79 | $0.88 | +10.86% | $328.0M | +3.69% |
| Q1 25 | — | $0.22 | — | $317.6M | — |