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CYBRCyberArk Software Ltd.
$408.85$20.6B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
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Income StatementBalance SheetCash FlowRatios & Margins
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P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
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CYBR logo

CyberArk Software Ltd.

CYBR
NASDAQ · Infrastructure Software
$408.85
At close - Jun 20, 4:00 PM EDT - USD
Market Cap$20.64B
P/E-139.5x
52W High$526.19
Volume-
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2025Q4

Subscription Transition Strains GAAP Profitability and Margins

CyberArk is currently navigating a complex transition to a subscription-based model, which has driven top-line growth but simultaneously pressured GAAP profitability and operating margins. While the company has successfully scaled revenue to $372.7 million in ...

GrowthMixed
ProfitabilityStrained
ValuationReview
TechnicalsWeak
Explore valuation models
MARKET ACTION

CYBR price & volume

Price trend, volume and key moving averages

Launch Terminal
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Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

11/12 Beats

EPS beat 11 of last 12 quarters

02

Valuation risk

-514% Peers

P/E is 514% below peer median

03

Market leadership

RS 36 · Lag

Laggard (Underperforming 64% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · May 4
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue growth has decelerated to 18.5% in 2025Q4, while gross margins have contracted to 71.7% from historical levels above 80%.

Analyst Consensus-18.8% target
Buy(49 analysts)
43 Buy6 Hold0 Sell

The Bull Case

Upside Catalysts

Comprehensive identity security

CyberArk offers seamless identity security across hybrid, SaaS, and multi-cloud environments, addressing both human and machine identities.

Strategic acquisition by Palo Alto

Palo Alto Networks' $25B acquisition of CyberArk highlights its strategic pivot to identity security, validating CyberArk's market position.

AI-driven identity demand

The rise of AI agents increases the need for securing all identity types, positioning CyberArk as a critical player in this emerging market.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
CYBR-6.08%
S&P 500 (^GSPC)+13.20%
1-Year Return
CYBR-16.75%
S&P 500 (^GSPC)+15.98%
3-Year Return
CYBR+143.84%
S&P 500 (^GSPC)+75.85%
5-Year Return
CYBR+148.63%
S&P 500 (^GSPC)+76.13%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E
-139.5x
Forward P/E
81.9x
EV/EBITDA
908.2x
FCF YieldCash Flow
1.3%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
-139.5x
N/A
N/A
EV/EBITDA
908.2x
N/A
N/A
Price/FCF
79.6x
104.4x
20th· Low
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$19.30-95.3%
Base (Fair)$251.63-38.5%
Bull$38.29-90.6%
$19.30 Bear$251.63 Base$38.29 Bull
Current Market Price: $408.85
Trades at a 62.5% premium to Base DCF ($251.63)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$1.36B+36.0% YoY
Net income
-$147M-57.2% YoY
Free cash flow
$259M+17.4% YoY
Operating margin
-7.7%-0.4 pts YoY
ROIC (TTM)-3.2%
Avg ROIC 5Y-
ROE (TTM)-6.2%
Piotroski Score3 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate11/12 (100%)
Revenue Beat Rate11/12 (100%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q1 2026Latest
Feb 4, 2026
$1.33+17.7%
vs $1.13
$373M+3.1%
vs $362M
Q4 2025
Nov 6, 2025
$1.20+30.0%
vs $0.92
$343M+4.4%
vs $328M
Q3 2025
Jul 30, 2025
$0.88+11.5%
vs $0.79
$328M+3.6%
vs $316M
Q2 2025
May 13, 2025
$0.98+24.4%
vs $0.79
$318M+4.0%
vs $305M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
04

Compare before deciding

Benchmark CYBR against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for CyberArk Software Ltd. (CYBR)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
CYBR logoCYBRCyberArk Software Ltd.Current
$408.85$20.64B-139.5436.01%-10.79%-6.16%—
SAIL logoSAILSailPoint, Inc.
$21.37$12.12B-41.1024.35%-16.92%-2.88%—
OKTA logoOKTAOkta, Inc.
$196.62$32.66B150.0911.84%9.63%4.26%—
WALD logoWALDWaldencast plc
$1.07$126.52M-0.53-0.66%-49.86%-42.87%—
CRWD logoCRWDCrowdStrike Holdings, Inc.
$250.06$254.63B-1562.8821.71%1.08%1.27%—
ZS logoZSZscaler, Inc.
$210.18$33.99B-778.4423.31%-1.88%-2.76%—

Compare CYBR vs Peers

CyberArk Software Ltd. (CYBR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs SAIL

Most directly comparable listed peer for CYBR.

Scale Benchmark

vs MSFT

Larger-name benchmark to compare CYBR against a more recognizable public peer.

Peer Set

Compare Top 5

vs SAIL, OKTA, WALD, CRWD

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CYBR Frequently Asked Questions

CyberArk Software Ltd. (CYBR) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is CyberArk Software Ltd.'s revenue?

CyberArk Software Ltd. (CYBR) reported $1.36B in revenue for fiscal year 2025. This represents a 2783% increase from $47.2M in 2012.

How fast is CyberArk Software Ltd. growing?

CyberArk Software Ltd. (CYBR) grew revenue by 36.0% over the past year. This is strong growth.

Is CYBR profitable?

CyberArk Software Ltd. (CYBR) reported a net loss of $146.9M for fiscal year 2025.

Dividend & Returns
What is CYBR's return on equity?

CyberArk Software Ltd. (CYBR) has a return on equity (ROE) of -6.2%. Negative ROE indicates the company is unprofitable.

What is CyberArk Software Ltd.'s free cash flow?

CyberArk Software Ltd. (CYBR) generated $259.3M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in CYBR back in 2012?

Total return calculator · dividends reinvested · 14+ years of data

See returns →