CGNT

MKT CAP:$700M

Cognyte Software Ltd.

Market Cap

$700M

Technology·Software - Infrastructure·🇮🇱 Israel·NASDAQ

Technology·Software Infra·🇮🇱·NASDAQ

Stock Price

$10.18+$1.28 (+14.38%)

Apr 22, 2026

Company Details

Cognyte Software Ltd. provides an investigative analytics software to governments and enterprises worldwide. Its Actionable Intelligence for a Safer World, an open software designed to help governments and enterprises accelerate and enhance...

CEO

Ronny Lempel

IPO Date

Feb 8, 2021

Website

www.cognyte.com

Key Metrics TTM

Revenue

$371M

-5.6% YoY

Net Income

-$2M

EPS (Diluted)

-$0.03

Free Cash Flow

$22M

Revenue / Share

$4.93

Gross Margin

71.0%

Operating Margin

1.5%

Net Margin

-0.5%

FCF Margin

6.0%

P/S

1.9x

P/E

—

Earnings Reports

FY 2026

Mar 25, 2026

$400MEPS -$0.01

Q4 2026

Mar 25, 2026

$106MEPS $0.05

Q2 2026

Sep 9, 2025

$98M+15.5%EPS $0.02

Q2 2025

Sep 10, 2024

$84MEPS -$0.03

Q1 2025

Jun 18, 2024

$83M+12.9%EPS -$0.07

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 15	$5M	$845.0K	-$2M
Q2 15	$4M	$1M	-$2M
Q3 15	$4M	$1M	-$1M
Q4 15	$5M	$2M	-$1M
Q2 18	$14M	$9M	$380.0K
Q3 18	$14M	$9M	-$195.0K
Q1 20	$111M	$71M	$6M
Q2 20	$111M	$71M	$6M
Q3 20	$118M	$77M	$5M
Q4 20	$118M	$77M	$5M
Q1 24	$73M	$50M	-$7M
Q4 24	$84M	$57M	-$3M
Q1 25	$83M	$55M	-$2M
Q2 25	$84M	$60M	-$1M
Q2 26	$98M	$70M	$3M
Q4 26	$106M	$79M	$7M

Valuation

Quarter	P/S	P/E
Q1 15	105.6x	—
Q2 15	105.0x	—
Q3 15	104.1x	—
Q4 15	101.7x	—
Q2 18	67.3x	—
Q3 18	49.0x	—
Q1 20	12.6x	—
Q2 20	7.3x	—
Q3 20	5.1x	—
Q4 20	4.0x	89.5x
Q1 24	0.7x	39.0x
Q4 24	1.2x	—
Q1 25	1.4x	—
Q2 25	1.7x	—
Q2 26	1.9x	—
Q4 26	1.7x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 15	-$2M	-$2M
Q1 16	-$689.6K	-$1M
Q1 18	-$2M	-$2M
Q2 18	$1M	$1M
Q3 18	$3M	$2M
Q4 18	$2.3B	$1.4B
Q1 20	$12M	$9M
Q2 20	$12M	$9M
Q3 20	$21M	$17M
Q4 20	$21M	$17M
Q1 24	$19M	$17M
Q4 24	$10M	$7M
Q1 25	$21M	$20M
Q2 25	-$6M	-$8M
Q2 26	-$6M	-$8M
Q4 26	$22M	$19M

Capital Expenditures

Quarter	CapEx
Q4 15	$30.0K
Q1 16	$373.7K
Q1 18	$133.0K
Q2 18	$265.4K
Q3 18	$282.0K
Q4 18	$856M
Q1 20	$3M
Q2 20	$3M
Q3 20	$4M
Q4 20	$4M
Q1 24	$2M
Q4 24	$3M
Q1 25	$2M
Q2 25	$2M
Q2 26	$2M
Q4 26	$3M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 15	+18.6%	+69.5%
Q2 15	+2.7%	-6.8%
Q3 15	+3.6%	+5.7%
Q4 15	+9.2%	+5.0%
Q2 18	+182.4%	+92.3%
Q3 18	+266.9%	+148.0%
Q1 20	+2589.0%	+1780.0%
Q2 20	+2146.3%	+1539.6%
Q3 20	+739.3%	+726.4%
Q4 20	+757.5%	+710.1%
Q1 24	-33.7%	-23.2%
Q4 24	-24.3%	-16.8%
Q1 25	-29.9%	-24.8%
Q2 25	-28.5%	-24.1%
Q2 26	+33.1%	+18.3%
Q4 26	+26.9%	+14.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 15	$0	0.0%
Q1 16	$0	—
Q1 18	$349M	—
Q2 18	$0	0.0%
Q3 18	$0	0.0%
Q4 18	$1.5B	—
Q1 20	$7M	6.2%
Q2 20	$7M	6.2%
Q3 20	$9M	7.3%
Q4 20	$9M	7.3%
Q1 24	$2M	2.6%
Q4 24	$4M	4.7%
Q1 25	$4M	4.7%
Q2 25	$5M	6.0%
Q2 26	$5M	5.2%
Q4 26	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q1 15	$702.0K	$2M	—	—
Q2 15	$536.0K	$2M	—	—
Q3 15	$341.0K	$2M	—	—
Q4 15	$588.0K	$3M	—	—
Q2 18	$1M	$2M	$5M	—
Q3 18	$1M	$2M	$6M	—
Q1 20	$27M	—	—	$37M
Q2 20	$27M	—	—	$37M
Q3 20	$31M	—	—	$43M
Q4 20	$31M	—	—	$43M
Q1 24	$28M	—	—	$29M
Q4 24	$27M	—	—	$33M
Q1 25	$27M	—	—	$34M
Q2 25	$26M	—	—	$35M
Q2 26	$29M	—	—	$38M
Q4 26	$32M	—	—	—

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q1 15	18.6%	-43.8%	-25.2
Q2 15	2.7%	-50.1%	-47.3
Q3 15	3.6%	-35.1%	-31.5
Q4 15	9.2%	-29.4%	-20.2
Q2 18	182.4%	8.9%	191.3
Q3 18	266.9%	-1.4%	265.5
Q1 20	2589.0%	8.8%	2597.8
Q2 20	2146.3%	8.8%	2155.1
Q3 20	739.3%	6.6%	745.9
Q4 20	757.5%	6.6%	764.1
Q1 24	-33.7%	-3.0%	-36.7
Q4 24	-24.3%	-7.0%	-31.3
Q1 25	-29.9%	2.1%	-27.8
Q2 25	-28.5%	3.7%	-24.8
Q2 26	33.1%	4.6%	37.7
Q4 26	26.9%	6.2%	33.2

Rule of 40

Revenue Segments

Quarter

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$92M	$15M	$106M
Q2 23	$33M	$17M	$50M
Q3 23	$43M	$14M	$57M
Q4 23	$35M	$18M	$52M
Q1 24	$44M	$24M	$68M
Q2 24	$48M	$24M	$72M
Q3 24	$50M	$20M	$69M
Q4 24	$74M	$0	$74M
Q1 25	$107M	$0	$107M
Q2 25	$92M	$0	$92M
Q3 25	$102M	$0	$102M
Q4 25	$113M	$0	$113M
Q1 26	$103M	$0	$103M
Q2 26	$84M	$0	$84M
Q3 26	$107M	$0	$107M
Q4 26	$117M	$0	$117M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 15	46M	+0.0%	+0.5%
Q2 15	46M	+0.2%	+0.3%
Q3 15	46M	+0.1%	+0.4%
Q4 15	46M	+0.0%	+0.4%
Q2 18	60M	+29.0%	+29.5%
Q3 18	60M	+0.2%	+29.5%
Q1 20	66M	+9.5%	+41.7%
Q2 20	66M	+0.1%	+41.8%
Q3 20	66M	0.0%	+9.9%
Q4 20	66M	+0.1%	+9.8%
Q1 24	69M	+4.8%	+5.1%
Q4 24	71M	+2.9%	+8.0%
Q1 25	71M	+0.2%	+8.1%
Q2 25	72M	+1.1%	+9.2%
Q2 26	74M	+3.2%	+7.6%
Q4 26	75M	+1.6%	+6.2%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 15	$45.3K	110
Q2 15	$34.1K	110
Q3 15	$37.4K	110
Q4 15	$44.7K	110
Q2 18	$127.9K	110
Q3 18	$125.1K	110
Q1 20	$1M	110
Q2 20	$1M	110
Q3 20	$1M	110
Q4 20	$1M	110
Q1 24	$44.3K	2K
Q4 24	$51.9K	2K
Q1 25	$51.3K	2K
Q2 25	$52.3K	2K
Q2 26	$60.1K	2K
Q4 26	$127.8K	831

Revenue / Employee