CyberArk Software (NASDAQ:CYBR) posted strong Q1 top-line growth, but a shortfall in earnings per share tempered investor enthusiasm, leading to a modest 1% dip in the stock.
The company reported Q1 revenue of $318 million, comfortably beating expectations and marking a 43% surge from the prior year. However, adjusted earnings came in at $0.75 per share, below the $0.79 consensus.
Annual Recurring Revenue (ARR) continued its upward trajectory, hitting $1.215 billion—up 50% year-over-year. Notably, subscriptions made up $1.028 billion of ARR, now accounting for 85% of the total base, underscoring the company’s successful shift to a subscription-first model. Net new ARR in the quarter reached $46 million, reflecting solid customer expansion and retention.
For Q2, CyberArk expects revenue between $312 million and $318 million and adjusted EPS in the $0.74–$0.81 range, both roughly aligned with market expectations.
Looking ahead, the company projects full-year 2025 revenue between $1.313 billion and $1.323 billion, with year-end ARR expected to land between $1.410 billion and $1.420 billion—representing 21% annual growth.
