CyberArk Software Ltd

Strong Financial Performance: CyberArk reported a record Q4 revenue of $314.4 million, which exceeded guidance and represented a 33% year-over-year growth for the full year 2024. The company achieved over $1 billion in ARR, including $166 million from the acquisition of Venafi, demonstrating substantial growth in their subscription ARR, which reached $977 million.

Operational Efficiency: CyberArk expanded its operating margin significantly to 15% for 2024, up from previous years, and generated record free cash flow of $221 million, showcasing their strong financial health. The business became a Rule of 40 company a year ahead of expectations, indicating a balance between growth and profitability.

Strategic Acquisitions and Market Expansion: The acquisition of Zilla Security is expected to enhance CyberArk's identity governance capabilities, providing automated lifecycle management and addressing inefficiencies of legacy systems. This acquisition builds a modern IGA solution in conjunction with Venafi's machine identity security, positioning CyberArk strongly in the growing Identity Security market.