Cognyte Software Ltd.

Latest Results (05.11.2025):

Cognyte Software Ltd.'s Q1 FYE26 (three months ended April 30, 2025) financial results showcased strong momentum with double-digit revenue growth, improved profitability, and robust EBITDA performance. The Company delivered a revenue of $95.5 million (up 15.5% year-over-year), transitioned to GAAP operating income of $2.2 million (compared to a loss last year), and achieved significant gains in adjusted EBITDA to $10.3 million, while continuing strategic initiatives such as share repurchases and strengthening their balance sheet.

Revenue Growth

In Q1 FYE26, Cognyte Software Ltd. reported revenue of $95.5 million, reflecting an approximate 15.5% year-over-year increase. This growth highlights the Company’s effective strategy, especially in software-driven investigative analytics, with notable increases in both software and professional services revenue.

Improved Profitability

For the quarter, the Company recorded a GAAP operating income of $2.2 million, a turnaround from a $2.3 million operating loss in the same period last year. GAAP net income also improved to $0.1 million from a net loss of $3.6 million, while non-GAAP operating income surged to $7.6 million, underscoring improved cost management and value delivery to customers.

Strong EBITDA Performance

The adjusted EBITDA more than doubled to $10.3 million, compared to $5.0 million in Q1 FYE26 of the previous fiscal year. This robust improvement demonstrates the efficiency of Cognyte’s financial model and its capability to leverage its growth for enhanced operational performance.

Balance Sheet and Share Repurchase Activity

Despite a decline in cash, cash equivalents, and restricted cash to $102.9 million (from $113.1 million at January 31, 2025), the Company maintained a strong balance sheet. The decrease was primarily driven by executing the share repurchase program, acquiring approximately 952,000 ordinary shares for about $9 million, while net cash provided by operating activities was $1.7 million.