CyberArk Software Ltd. (CYBR) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 |
|---|
| Cash from Operations | 132.72M | 50.68M | 4.73M | 98.53M | 64.74M | 54.17M | 44.34M | 68.64M | 46.9M | 14.35M | -10.87M | 5.82M | 20.5M | 18.48M | -14.25M | 24.98M | 20.44M | 4.8M | 15.53M | 33.98M |
| Operating CF Margin % | 35.61% | 14.78% | 1.44% | 31.02% | 20.59% | 22.56% | 19.73% | 30.98% | 21.02% | 7.51% | -6.18% | 3.6% | 12.12% | 12.11% | -10.02% | 19.59% | 13.51% | 3.95% | 13.24% | 30.13% |
| Operating CF Growth % | 105.02% | -6.46% | -89.33% | 43.55% | 38.04% | 277.43% | 508.01% | 1079.09% | 128.8% | -22.34% | 23.75% | -76.7% | 0.29% | 284.94% | -191.8% | -26.46% | -47.53% | -66.96% | -20.22% | 0.44% |
| Net Income | -17.11M | -50.44M | -90.83M | 11.46M | -97.12M | 11.11M | -12.92M | 5.47M | 8.91M | -14.61M | -25.78M | -35.03M | -22.2M | -32.73M | -37.63M | -37.81M | -16.89M | -29.11M | -22.76M | -15.2M |
| Depreciation & Amortization | 32.65M | 32.78M | 32.73M | 31.62M | 30M | 3.94M | 4.03M | 4.02M | 4.15M | 6.31M | 4.34M | 4.45M | 4.32M | 4.15M | 3.85M | 3.88M | 3.71M | 3.63M | 3.52M | 3.37M |
| Stock-Based Compensation | 67.41M | 63.53M | 55.27M | 48.2M | 47.34M | 43.39M | 40.53M | 37.5M | 37.54M | 38.6M | 32.37M | 31.6M | 32.23M | 31.74M | 29.57M | 27.28M | 26.66M | 26.34M | 23.14M | 19.3M |
| Deferred Taxes | 0 | 257K | 47.86M | -45.55M | 63.53M | 3.08M | 738K | -1.05M | 2.88M | -2.33M | -2.96M | -5.47M | -1.36M | -3.91M | -6.12M | -4.24M | -44K | -2.75M | -4.06M | -5.12M |
| Other Non-Cash Items | -14.9M | -1.27M | -389K | -26K | -1.57M | -4.47M | 1.66M | -1.11M | -1.09M | -501K | -218K | 240K | 664K | 1.4M | 2.19M | 2.62M | 6.45M | 6.44M | 6.26M | 6.18M |
| Working Capital Changes | 64.66M | 5.81M | -39.92M | 52.81M | 22.55M | -2.87M | 10.31M | 23.81M | -5.49M | -13.11M | -18.62M | 10.03M | 6.85M | 17.82M | -6.11M | 33.25M | 555K | 246K | 9.42M | 25.45M |
| Change in Receivables | -98.06M | -27.82M | -17.92M | 100.34M | -113.62M | -10.11M | -16.73M | 47.16M | -67.49M | -13.49M | -17.97M | 33.29M | -31.47M | -1.51M | -11.46M | 36.84M | -31.76M | -5.49M | -9.24M | 26.41M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | -4.07M | -2.86M | 4.86M | -4.82M | 17.08M | -1.46M | 2.7M | -7.32M | -1.69M | -1.35M | 733K | -363K | 3.54M | -873K | 84K | 1.3M | -129K | 2.24M | 1.17M | -1.78M |
| Cash from Investing | -35.72M | -405.86M | -668.79M | -213.96M | -1.05B | 534.93M | 152.48M | 16.9M | -84.14M | -42.79M | 35.82M | 5.28M | -247K | -72.38M | 37.78M | -33.55M | -96.34M | -2.07M | -104.63M | -25.16M |
| Capital Expenditures | -7.73M | -4.57M | -2.79M | -1.7M | -3.97M | -2.6M | -2.15M | -1.36M | -695K | -731K | -1.75M | -1.77M | -3.74M | -4.62M | -2.15M | -2.01M | -1.74M | -2.86M | -1.66M | -2.67M |
| CapEx % of Revenue | 2.07% | 1.33% | 0.85% | 0.53% | 1.26% | 1.08% | 0.96% | 0.61% | 0.31% | 0.38% | 0.99% | 1.1% | 2.21% | 3.02% | 1.51% | 1.58% | 1.15% | 2.35% | 1.42% | 2.36% |
| Acquisitions | 0 | 0 | 0 | -164.38M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -28.3M | 0 | -12.99M | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -27.99M | -3.75M | -2.31M | -1.31M | -984.67M | 0 | -469K | -509K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | 2.91M | -7.15M | 1.13B | 629K | 276.36M | 6.2M | 4.38M | 1.88M | 18.89M | 5.51M | 8.47M | 5.22M | 563K | -1.6M | 12.78M | 480K | -3.16M | 6.65M | 1.09M | 6.37M |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | -542K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | -1000K | 537K | 1000K | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 178K | 599K | 239K | 519K | 110K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -332K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 1.24B | -7.69M | -103.6M | -6.4M | 254.43M | 4.8M | 8.74M | -6.33M | 12.03M | 2.08M | 8.29M | 4.62M | 324K | -2.12M | 12.67M | -620K | -5.29M | 3.38M | -233K | 1.57M |
| Net Change in Cash | 99.65M | -362.82M | 472.83M | -112.91M | -712M | 597.46M | 200.49M | 84.59M | -16.26M | -23.99M | 32.52M | 16.32M | 22.8M | -56.99M | 33.67M | -9M | -78.96M | 8.92M | -88.34M | 15.19M |
| Free Cash Flow | 121.74M | 42.35M | -363K | 95.52M | 60.77M | 51.57M | 41.72M | 66.77M | 46.2M | 13.62M | -12.62M | 4.05M | 16.76M | 13.86M | -16.4M | 22.97M | 18.7M | 1.94M | 13.87M | 31.31M |
| FCF Margin % | 32.67% | 12.35% | -0.11% | 30.08% | 19.33% | 21.48% | 18.57% | 30.14% | 20.71% | 7.12% | -7.17% | 2.5% | 9.91% | 9.08% | -11.52% | 18.01% | 12.36% | 1.59% | 11.83% | 27.77% |
| FCF Growth % | 100.35% | -17.88% | -100.87% | 43.06% | 31.52% | 278.56% | 430.74% | 1550.27% | 175.71% | -1.74% | 23.08% | -82.39% | -10.37% | 614.96% | -218.27% | -26.63% | -49.07% | -84.45% | -22.6% | -3.66% |
| FCF per Share | 2.41 | 0.84 | -0.01 | 1.87 | 1.26 | 1.07 | 0.97 | 1.40 | 0.98 | 0.33 | -0.30 | 0.10 | 0.41 | 0.34 | -0.40 | 0.57 | 0.47 | 0.05 | 0.35 | 0.80 |
| FCF Conversion (FCF/Net Income) | -7.76x | -1.00x | -0.05x | 8.60x | -0.67x | 4.88x | -3.43x | 12.55x | 5.26x | -0.98x | 0.42x | -0.17x | -0.92x | -0.56x | 0.38x | -0.66x | -1.21x | -0.16x | -0.68x | -2.24x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 7.7M | 2.31M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |