Planet Labs PBC

Shares of Planet Labs (NYSE: PL) tumbled 15% through 11:35 a.m. ET Friday after the company reported last night that it had missed earnings forecasts.
Heading into the report, Wall Street analysts forecast the Earth observation space stock would lose $0.02 per share in the fiscal 2025 fourth quarter on $61.9 million in sales. Instead, the company reported a loss of $0.08 per share, and sales of only $61.6 million.
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Planet Labs' Q4 earnings
The news gets worse. Sales growth for the quarter was only 5% year over year. Also, the $0.08 loss was only an adjusted number. When calculated according to generally accepted accounting principles (GAAP), the company actually lost $0.12 per share, with $0.06 of the loss coming from what it called "impact from the change in fair value of warrant liabilities."
For the full-year fiscal 2025, sales grew 11% to $244.4 million, and losses amounted to $0.42 per share.
On the good news side, sales did grow some, and the gross profit margin on those sales continues to inch higher, reaching 57% for the full year, and topping 62% in the fourth quarter in particular.
The company tried to soften the blow from the poor earnings report this morning, announcing it has won a subcontract on a $95 million California Air Resources Board deal awarded to Carbon Mapper. Planet Labs did not say, however, how much of the $95 million will filter down from Carbon Mapper. Also, the contract is described as multiyear, so the annual revenue will certainly be less than $95 million.
Is Planet Labs stock a sell?
It was pretty much bad news all around. Management also said that its fiscal 2026 first-quarter revenue will be only $62 million, below Wall Street forecasts. And its full-year fiscal 2026 revenue will range from $260 million to $280 million -- which, at the midpoint, is slightly below Wall Street's expected $272 million.
The company did not give earnings guidance, but it seems safe to assume those earnings numbers will miss as well. Planet Labs is probably a sell at this point.
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*Stock Advisor returns as of March 18, 2025
Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Why Planet Labs Stock Crashed on Friday

Planet Labs PBC (PL) came out with a quarterly loss of $0.08 per share versus the Zacks Consensus Estimate of a loss of $0.02. This compares to loss of $0.11 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -300%. A quarter ago, it was expected that this company would post a loss of $0.05 per share when it actually produced a loss of $0.02, delivering a surprise of 60%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Planet Labs PBC, which belongs to the Zacks Satellite and Communication industry, posted revenues of $61.55 million for the quarter ended January 2025, missing the Zacks Consensus Estimate by 0.75%. This compares to year-ago revenues of $58.85 million. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Planet Labs PBC shares have added about 6.9% since the beginning of the year versus the S&P 500's decline of -3.5%.
What's Next for Planet Labs PBC?
While Planet Labs PBC has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Planet Labs PBC: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.02 on $65.27 million in revenues for the coming quarter and -$0.07 on $274.75 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Satellite and Communication is currently in the top 35% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Iridium Communications (IRDM), another stock in the same industry, has yet to report results for the quarter ended March 2025.
This satellite phone company is expected to post quarterly earnings of $0.24 per share in its upcoming report, which represents a year-over-year change of +50%. The consensus EPS estimate for the quarter has been revised 21.9% higher over the last 30 days to the current level.
Iridium Communications' revenues are expected to be $212.87 million, up 4.4% from the year-ago quarter.
Should You Invest in Planet Labs PBC (PL)?
Before you invest in Planet Labs PBC (PL), want to know the best stocks to buy for the next 30 days? Check out Zacks Investment Research for our free report on the 7 best stocks to buy.
Zacks Investment Research has been committed to providing investors with tools and independent research since 1978. For more than a quarter century, the Zacks Rank stock-rating system has more than doubled the S&P 500 with an average gain of +24.08% per year. (These returns cover a period from January 1, 1988 through May 6, 2024.)
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Planet Labs PBC (PL) : Free Stock Analysis Report
Iridium Communications Inc (IRDM) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Planet Labs PBC (PL) Reports Q4 Loss, Lags Revenue Estimates

$PL ($PL) posted quarterly earnings results on Thursday, March 20th. The company reported earnings of -$0.08 per share, missing estimates of -$0.03 by $0.05. The company also reported revenue of $61,550,000, missing estimates of $63,727,954 by $-2,177,954.
You can see Quiver Quantitative's $PL stock page to track data on insider trading, hedge fund activity, congressional trading, and more.
$PL Hedge Fund Activity
We have seen 98 institutional investors add shares of $PL stock to their portfolio, and 86 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
STATE STREET CORP added 3,851,644 shares (+90.1%) to their portfolio in Q4 2024, for an estimated $15,560,641
UBS GROUP AG added 1,628,190 shares (+807.7%) to their portfolio in Q4 2024, for an estimated $6,577,887
BLACKROCK, INC. added 1,316,299 shares (+8.4%) to their portfolio in Q4 2024, for an estimated $5,317,847
VOYA INVESTMENT MANAGEMENT LLC removed 1,056,062 shares (-94.4%) from their portfolio in Q4 2024, for an estimated $4,266,490
DIMENSIONAL FUND ADVISORS LP added 1,013,234 shares (+101.3%) to their portfolio in Q4 2024, for an estimated $4,093,465
JACOBS LEVY EQUITY MANAGEMENT, INC removed 895,109 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $3,616,240
JPMORGAN CHASE & CO added 880,966 shares (+227.0%) to their portfolio in Q4 2024, for an estimated $3,559,102
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$PL Analyst Ratings
Wall Street analysts have issued reports on $PL in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
Cantor Fitzgerald issued a "Overweight" rating on 01/23/2025
To track analyst ratings and price targets for $PL, check out Quiver Quantitative's $PL forecast page.
This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.
This article was originally published on Quiver News, read the full story.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

$PL Earnings Results: $PL Reports Quarterly Earnings

(RTTNews) - Planet Labs PBC (PL) announced Loss for its fourth quarter of -$35.15 million
The company's earnings came in at -$35.15 million, or -$0.12 per share. This compares with -$30.09 million, or -$0.11 per share, last year.
Excluding items, Planet Labs PBC reported adjusted earnings of -$0.08 per share for the period.
The company's revenue for the period rose 4.6% to $61.55 million from $58.85 million last year.
Planet Labs PBC earnings at a glance (GAAP) :
-Earnings: -$35.15 Mln. vs. -$30.09 Mln. last year. -EPS: -$0.12 vs. -$0.11 last year. -Revenue: $61.55 Mln vs. $58.85 Mln last year.
-Guidance: Next quarter revenue guidance: $61-$63 mln
For fiscal year 2026, Planet expects revenue to be in the range of approximately $260 million to $280 million.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Planet Labs PBC Q4 Loss Widens

(RTTNews) - Planet Labs PBC (PL) revealed Loss for its fourth quarter that increased from the same period last year and missed the Street estimates.
The company's earnings totaled -$35.15 million, or -$0.12 per share. This compares with -$30.09 million, or -$0.11 per share, last year.
Excluding items, Planet Labs PBC reported adjusted earnings of -$22.27 million or -$0.08 per share for the period.
Analysts on average had expected the company to earn -$0.02 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 4.6% to $61.554 million from $58.852 million last year.
Planet Labs PBC earnings at a glance (GAAP) :
-Earnings: -$35.15 Mln. vs. -$30.09 Mln. last year. -EPS: -$0.12 vs. -$0.11 last year. -Revenue: $61.554 Mln vs. $58.852 Mln last year.
-Guidance: Next quarter revenue guidance: $61 to $63 million
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Planet Labs PBC Q4 Loss Increases, Misses Estimates

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Planet Labs PBC Q4 25 Earnings Conference Call At 5:00 PM ET

The following companies are expected to report earnings after hours on 03/20/2025. Visit our Earnings Calendar for a full list of expected earnings releases.
Micron Technology, Inc. (MU)is reporting for the quarter ending February 28, 2025. The computer company's consensus earnings per share forecast from the 6 analysts that follow the stock is $1.28. This value represents a 374.07% increase compared to the same quarter last year. In the past year MU has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 1.25%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for MU is 17.01 vs. an industry ratio of 19.20.
Nike, Inc. (NKE)is reporting for the quarter ending February 28, 2025. The shoes & retail apparel company's consensus earnings per share forecast from the 14 analysts that follow the stock is $0.28. This value represents a 71.43% decrease compared to the same quarter last year. In the past year NKE has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 23.81%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for NKE is 35.43 vs. an industry ratio of 16.20, implying that they will have a higher earnings growth than their competitors in the same industry.
FedEx Corporation (FDX)is reporting for the quarter ending February 28, 2025. The transportation company's consensus earnings per share forecast from the 9 analysts that follow the stock is $4.65. This value represents a 20.47% increase compared to the same quarter last year. FDX missed the consensus earnings per share in the 3rd calendar quarter of 2024 by -25.31%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for FDX is 12.83 vs. an industry ratio of 15.90.
Lennar Corporation (LEN)is reporting for the quarter ending February 28, 2025. The building (residential/commercial) company's consensus earnings per share forecast from the 7 analysts that follow the stock is $1.74. This value represents a 32.30% decrease compared to the same quarter last year. LEN missed the consensus earnings per share in the 4th calendar quarter of 2024 by -3.12%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for LEN is 9.80 vs. an industry ratio of 9.10, implying that they will have a higher earnings growth than their competitors in the same industry.
Planet Labs PBC (PL)is reporting for the quarter ending January 31, 2025. The satellite communications company's consensus earnings per share forecast from the 3 analysts that follow the stock is $-0.07. This value represents a 36.36% increase compared to the same quarter last year. PL missed the consensus earnings per share in the 3rd calendar quarter of 2024 by -18.18%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for PL is -11.68 vs. an industry ratio of -18.40, implying that they will have a higher earnings growth than their competitors in the same industry.
Torrid Holdings Inc. (CURV)is reporting for the quarter ending January 31, 2025. The retail (shoe) company's consensus earnings per share forecast from the 4 analysts that follow the stock is $-0.07. This value represents a 75.00% decrease compared to the same quarter last year. CURV missed the consensus earnings per share in the 4th calendar quarter of 2024 by -133.33%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for CURV is 40.00 vs. an industry ratio of 14.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Scholastic Corporation (SCHL)is reporting for the quarter ending February 28, 2025. The book publisher company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.78. This value represents a 2.50% increase compared to the same quarter last year. Zacks Investment Research reports that the 2025 Price to Earnings ratio for SCHL is 22.80 vs. an industry ratio of 17.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Ouster, Inc. (OUST)is reporting for the quarter ending December 31, 2024. The electrical instrument company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.23. This value represents a 75.79% increase compared to the same quarter last year. In the past year OUST Zacks Investment Research reports that the Price to Earnings ratio for OUST is 0.00 vs. an industry ratio of 35.00.
Runway Growth Finance Corp. (RWAY)is reporting for the quarter ending December 31, 2024. The financial services company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.42. This value represents a 6.67% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2024 Price to Earnings ratio for RWAY is 6.44 vs. an industry ratio of 9.20.
Amprius Technologies, Inc. (AMPX)is reporting for the quarter ending December 31, 2024. The technology services company's consensus earnings per share forecast from the 5 analysts that follow the stock is $-0.11. This value represents a no change for the same quarter last year. AMPX missed the consensus earnings per share in the 2nd calendar quarter of 2024 by -18.18%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for AMPX is -5.00 vs. an industry ratio of 16.00.
Luminar Technologies, Inc. (LAZR)is reporting for the quarter ending December 31, 2024. The auto (truck) company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-2.52. This value represents a 47.50% increase compared to the same quarter last year. Zacks Investment Research reports that the 2024 Price to Earnings ratio for LAZR is -0.51 vs. an industry ratio of 29.50.
MacroGenics, Inc. (MGNX)is reporting for the quarter ending December 31, 2024. The medical products company's consensus earnings per share forecast from the 4 analysts that follow the stock is $-0.23. This value represents a 69.33% increase compared to the same quarter last year. Zacks Investment Research reports that the 2024 Price to Earnings ratio for MGNX is -2.06 vs. an industry ratio of -2.80, implying that they will have a higher earnings growth than their competitors in the same industry.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

After-Hours Earnings Report for March 20, 2025 : MU, NKE, FDX, LEN, PL, CURV, SCHL, OUST, RWAY, AMPX, LAZR, MGNX

SentinelOne (S) came out with quarterly earnings of $0.04 per share, beating the Zacks Consensus Estimate of $0.01 per share. This compares to loss of $0.02 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 300%. A quarter ago, it was expected that this cybersecurity provider would post earnings of $0.01 per share when it actually produced break-even earnings, delivering a surprise of -100%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
SentinelOne, which belongs to the Zacks Security industry, posted revenues of $225.52 million for the quarter ended January 2025, surpassing the Zacks Consensus Estimate by 1.57%. This compares to year-ago revenues of $174.18 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
SentinelOne shares have lost about 15.5% since the beginning of the year versus the S&P 500's decline of -5.3%.
What's Next for SentinelOne?
While SentinelOne has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for SentinelOne: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.03 on $236.3 million in revenues for the coming quarter and $0.17 on $1.03 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Security is currently in the top 35% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the broader Zacks Computer and Technology sector, Planet Labs PBC (PL), is yet to report results for the quarter ended January 2025. The results are expected to be released on March 20.
This company is expected to post quarterly loss of $0.02 per share in its upcoming report, which represents a year-over-year change of +81.8%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Planet Labs PBC's revenues are expected to be $62.02 million, up 5.4% from the year-ago quarter.
Should You Invest in SentinelOne, Inc. (S)?
Before you invest in SentinelOne, Inc. (S), want to know the best stocks to buy for the next 30 days? Check out Zacks Investment Research for our free report on the 7 best stocks to buy.
Zacks Investment Research has been committed to providing investors with tools and independent research since 1978. For more than a quarter century, the Zacks Rank stock-rating system has more than doubled the S&P 500 with an average gain of +24.08% per year. (These returns cover a period from January 1, 1988 through May 6, 2024.)
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
SentinelOne, Inc. (S) : Free Stock Analysis Report
Planet Labs PBC (PL) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

SentinelOne (S) Beats Q4 Earnings and Revenue Estimates

I won't sugarcoat this for you: Last week was a pretty depressing time to be a space investor.
In back-to-back developments Thursday, we learned first that an unmanned Nova-C lunar lander tried to touch down on the moon's South Pole. But it toppled over within a crater, fell on its side, and died a quiet death deprived of sunlight for its solar cells.
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A few hours later, the eighth flight test of the SpaceX Starship ended in a fireball when the second stage (now being called just the "Ship" by Elon Musk, head of Space X) lost control on ascent and self-destructed, once again showering the Caribbean in space debris.
Arguably worst of all, both these incidents seemed to be near-identical repeats of past space news. The last Nova-C lander also toppled over on landing. And the previous Starship test flight also ended in a fireball.
Investors aren't thrilled with the back-to-back failures and today are reevaluating precisely how risky space stocks might be for their portfolios. As of 11 a.m. ET on Monday:
And AST SpaceMobile (NASDAQ: ASTS) is doing worst of all: down 9.3%
Wall Street remains bullish
Now, it's not all bad news. Rocket Lab actually got a bit of good news today when analysts at the investment bank Morgan Stanley raised their price target on the small rocket maker by more than 10%, to $20 a share, as TheFly.com reports.
Shares of Rocket Lab are down about 15% -- half of which happened just today -- since the company reported earnings 10 days ago and tweaked its timeline for the first launch of its new Neutron medium-lift vehicle from mid-2025 to the second half of the year.
Morgan Stanley correctly points out, though, that this seems no more than a relatively modest delay in the timeline, echoing comments from Rocket Lab CEO Peter Beck that any delay, if there even is one, will be "not very material."
Accordingly, Morgan Stanley's new price target implies that what went down is going to go right back up, gaining back 15% within the next 12 months.
Space is hard, and space stocks are risky
I agree with Morgan Stanley that the delay Rocket Lab describes seems like nothing to worry about. Building rockets is hard, and getting them to fly right and not explode is even harder, as we saw with SpaceX last week.
What's more, even perfectly designed and perfectly flown rockets don't always fly on time. Customers may be late in getting their payloads ready for launch, issues with fuel lines and other ground support systems can cause last-minute scrubs, and the weather doesn't always cooperate.
If Neutron isn't launched in July (as was hoped), and ends up taking off in August, September, or even October, that's not going to be a big deal in the grand scheme of things.
What does worry me about a lot of space stocks, though, is that their share prices may not reflect the risks of more serious issues with these businesses.
Neither Rocket Lab, AST SpaceMobile, nor Planet Labs are profitable currently, for example. All three are burning cash. Of the three, Rocket Lab looks the closest to being a viable business, with Wall Street analysts forecasting positive free cash flow next year, once the cost of developing the Neutron winds down, and revenue it produces ramps up. And Rocket Lab's first profits under generally accepted accounting principles should arrive in 2027.
Analysts forecast both free cash flow and positive earnings for AST SpaceMobile in 2027 as well. But with the company still in start-up mode, with de minimis revenue, I wonder if they really have enough hard numbers to justify that prediction at present -- especially when you consider the company's massive cash requirements to finish building out and launching its satellite fleet.
Planet Labs stock, meanwhile, looks arguably riskiest of all, with no analysts willing to go on record and predict a date for the company to turn profitable. Despite all these concerns, the stock is up 80% over the past year, Rocket Lab stock has gained 320%, and AST stock is up nearly 1,000%.
The fact that investors are having second thoughts about valuation today, and doing a bit of selling of these three very big winners, seems reasonable to me.
Don’t miss this second chance at a potentially lucrative opportunity
Ever feel like you missed the boat in buying the most successful stocks? Then you’ll want to hear this.
On rare occasions, our expert team of analysts issues a “Double Down” stock recommendation for companies that they think are about to pop. If you’re worried you’ve already missed your chance to invest, now is the best time to buy before it’s too late. And the numbers speak for themselves:
Nvidia: if you invested $1,000 when we doubled down in 2009, you’d have $292,207!*
Apple: if you invested $1,000 when we doubled down in 2008, you’d have $45,326!*
Netflix: if you invested $1,000 when we doubled down in 2004, you’d have $480,568!*
Right now, we’re issuing “Double Down” alerts for three incredible companies, and there may not be another chance like this anytime soon.
Continue »
*Stock Advisor returns as of March 10, 2025
JPMorgan Chase is an advertising partner of Motley Fool Money. Rich Smith has positions in Rocket Lab USA. The Motley Fool has positions in and recommends JPMorgan Chase. The Motley Fool recommends Rocket Lab USA. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Why Space Stocks Are in a Funk Today

CyberArk Software Ltd. CYBR shares closed 8.8% higher on Thursday after the company reported better-than-expected results for fourth-quarter 2024. The company posted fourth-quarter non-GAAP earnings of 80 cents per share, which surpassed the Zacks Consensus Estimate of 71 cents.
Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.
However, the bottom-line figure was slightly lower than the year-ago quarter’s earnings of 81 cents per share. The year-over-year decline was mainly due to some integration costs associated with the Venafi acquisition and increased research & development investments in its machine identity solution, which more than offset the benefit of higher revenues.
CYBR’s earnings beat the Zacks Consensus Estimate in the trailing four quarters, the average surprise being 82.8%.
CyberArk’s fourth-quarter 2024 revenues of $314.4 million exceeded the consensus mark by 4.4%. The top line jumped 41% year over year, primarily driven by the company’s robust dominance in identity security and world-class execution levels at every step. The newly acquired Venafi business also boosted the top line by contributing $47 million to fourth-quarter total revenues.
CyberArk Software Ltd. Price, Consensus and EPS Surprise
CyberArk Software Ltd. price-consensus-eps-surprise-chart | CyberArk Software Ltd. Quote
CyberArk’s Fourth-Quarter Details
CYBR’s strong top-line performance can be attributed to the immense year-over-year rise in its Subscription and Maintenance and Professional revenues, partially offset by a decline in Perpetual Licenses.
Segment-wise, Subscription revenues (77.3% of the total revenues) were $243 million, up 62% from the year-ago quarter. Our estimate for Subscription revenues was pegged at $231.6 million.
Maintenance and professional services revenues (21.1% of the total revenues) were $66.4 million, slightly higher than the year-ago quarter’s $64.8 million. Our estimate for Maintenance and professional services revenues was pegged at $63.3 million.
Perpetual license revenues (1.26% of the total revenues) plunged to $5 million from $8 million in the year-ago quarter. The decline reflects the company’s continued efforts toward shifting the business model to subscription-based from a perpetual license. Our estimate for Perpetual license revenues was pegged at $5.3 million.
CyberArk’s non-GAAP gross profit increased 40.8% year over year to $267.1 million. Moreover, the non-GAAP gross margin remained flat on a year-over-year basis at 85%. The non-GAAP operating income increased 66.2% year over year to $58.7 million, while the operating margin expanded 310 bps to 18.7%.
CyberArk’s Key Business Metrics
As of Dec. 31, 2024, Annual Recurring Revenues (ARR) were $1.17 billion, up 51% year over year. The Subscription portion of ARR was $977 million, or 84% of total ARR, as of Dec. 31, 2024, up 68% year over year.
The Maintenance portion of ARR was $192 million as of Dec. 31, 2024, flat on a year-over-year basis. Recurring revenues in the fourth quarter were $292.2 million, up 45% from the fourth quarter of 2023. For full-year 2024, recurring revenues were $930.3 million, up 37% on a year-over-year basis.
CyberArk’s 2025 Performance in Brief
CyberArk’s 2024 revenues of $1.001 billion exceeded the Zacks Consensus Estimate of $987.47 million. The top line jumped 33% year over year.
The company reported non-GAAP earnings of $3.03 per share, which surpassed the consensus mark of $2.95. The bottom line soared 170.5% on a year-over-year basis.
CyberArk’s Balance Sheet & Cash Flow
CyberArk had cash and cash equivalents, marketable securities and short-term deposits of $841.1 million as of Dec. 30, 2024, compared with $1.5 billion as of Sept. 30, 2024. The decline in cash balance reflects consideration paid for the acquisition of Venafi.
Long-term debt was $76 million as of Dec. 31, significantly lower than $646.3 million as of Sept. 30. The decline reflects the settlement of outstanding senior convertible notes worth $535 million with the company’s ordinary shares.
During the fourth quarter, CyberArk generated operating cash flow and free cash flow of $64.7 million and $60.8 million, respectively. In 2024, it generated operating cash flow and free cash flow of $231.9 million and $220.8 million, respectively.
CyberArk Initiates Q1 & 2025 Guidance
CyberArk initiated guidance for the first quarter and full-year 2025. For the first quarter, it expects revenues to be in the band of $301-$307 million, suggesting year-over-year growth of 36-39%. The Zacks Consensus Estimate for revenues is pegged at $297.9 million, suggesting a year-over-year rise of 34.5%.
Non-GAAP operating income is expected to be in the range of $42.5-$47.5 million. Non-GAAP earnings per share are anticipated between 74 cents and 81 cents. The Zacks Consensus Estimate for earnings is pegged at 78 cents per share, indicating a year-over-year increase of 4%.
For 2025, CyberArk expects revenues in the range of $1.308-$1.318 billion, representing year-over-year growth of 31-32%. The Zacks Consensus Estimate for revenues is pegged at $1.29 billion, suggesting a year-over-year rise of 28.7%.
It expects non-GAAP operating income between $215 million and $225 million for 2025. The company estimates its non-GAAP earnings in the range of $3.55-$3.70 per share. The Zacks Consensus Estimate for earnings is pegged at $3.58 per share, indicating a year-over-year rise of 18.2%.
ARR, as of Dec. 31, 2025, is expected to be in the range of $1.41-$1.42 billion, indicating an increase of 21% year over year. The company expects adjusted free cash flow between $300 million and $310 million.
CyberArk’s Zacks Rank & Other Stocks to Consider
Currently, CyberArk carries a Zacks Rank #2 (Buy).
Atlassian TEAM, Planet Labs PBC PL and Fortinet FTNT are some other stocks that investors can consider in the broader Zacks Computer and Technology sector. TEAM, PL and FTNT carry a Zacks Rank #2 each at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Atlassian shares have soared 45.9% in the past year. The Zacks Consensus Estimate for TEAM’s fiscal 2025 earnings is pegged at $3.45 per share, indicating a 17.8% year-over-year increase.
Planet Labs PBC shares have surged 174.7% in the past year. The Zacks Consensus Estimate for PL’s fiscal 2025 bottom line is pinned at a loss of 15 cents per share. In fiscal 2024, the company had reported a loss of 50 cents per share.
Fortinet shares have gained 55.1% in the past year. The Zacks Consensus Estimate for FTNT’s full-year 2025 earnings is pegged at $2.43 per share, suggesting a year-over-year increase of 2.5%.
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