CyberArk Software Ltd.

cyberark.com

No Longer Reporting

The company has not filed an annual or quarterly report since its FY2024 20-F, filed Mar 12, 2025. Its latest SEC filing is a SCHEDULE 13G/A from May 15, 2026.

The sections below describe the company as of the FY2024 annual report.

What Did They Do?

Sells identity-security software to organizations to control access for human and machine identities.

How Did They Make Money?

Customers buy SaaS and self-hosted subscriptions, perpetual software licenses, maintenance and support, and professional services; invoices are typically due within 30 to 90 calendar days. Subscription and support services run over contract terms, perpetual licenses are made available for download, and professional services are performed as the work is done.

FY2024 revenue

Who Were Their Customers?

Organizations across industries, including businesses and government agencies, buy through a hybrid model of direct sales and channel partners such as resellers, service providers and distributors.

Did Revenues Turn Into Profits?

Not on paper. It lost $93.5M in FY2024, but brought in more cash than it spent: $220.8M of free cash flow.

Operating income, FY2024

−7% of revenue

▼ −37% (Loss) vs FY2023 (−$116.5M, −15%)

Net income, FY2024

−9% of revenue

▲ +41% (Loss) vs FY2023 (−$66.5M, −9%)

Free cash flow, FY2024

22% of revenue

▲ +331% vs FY2023 ($51.3M, 7%)

How Were They Changing?

Broader identity platform The earlier report described Identity Security as centered on privileged access management; the latest describes a broader platform for workforce, IT, developer and machine identities.

Who Did They Compete With?

Competes with Delinea, BeyondTrust, Okta, Microsoft, Hashi, Keyfactor, SailPoint, Saviynt, CrowdStrike, and Palo Alto Networks

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