Company Quick10K Filing
CyberArk Software
20-F 2019-12-31 Filed 2020-03-05
20-F 2018-12-31 Filed 2019-03-14
20-F 2017-12-31 Filed 2018-03-15
20-F 2016-12-31 Filed 2017-03-16
20-F 2015-12-31 Filed 2016-03-10
20-F 2014-12-31 Filed 2015-02-27

CyberArk Software Financials

CYBR Metrics, Comps, Filings

Quarterly | Annual

Business

CyberArk Software Ltd. was founded in 1999 with the vision of protecting high-value business data and pioneered our Digital Vault technology, which is the foundation of our primary platform. That same year, we began offering our first product, the Sensitive Information Management Solution (previously called the Sensitive Document Vault), which provides a secure platform through which our customers' employees can share sensitive files. We believe our early innovation in vaulting technology enabled us to evolve into a company that provides a comprehensive security solution built for privileged access management. In 2005, we introduced our Privileged Access Security Solution, which has become our leading offering and reflects our emphasis on protecting privileged access across an organization. In September 2014, we listed our ordinary shares on NASDAQ. In 2015, we acquired Viewfinity, a provider of Windows least privilege management and application control software, as well as Cybertinel, a cybersecurity company specializing in cyber threat detection technology. In May 2017, we acquired Conjur Inc., a provider of DevOps security software, and in March 2018, we acquired Vaultive, Ltd., a cloud security provider. Based on our continued innovation, today we are the leader in privileged access security, a critical layer of IT security to protect data, infrastructure and assets across the enterprise, in the cloud and throughout the DevOps pipeline.

We are a company limited by shares organized under the laws of the State of Israel. We are registered with the Israeli Registrar of Companies. Our registration number is 51-229164-2. Our principal executive offices are located at 9 Hapsagot St., Park Ofer B, POB 3143, Petach-Tikva, 4951040, Israel, and our telephone number is +972 (3) 918-0000. Our website address is www.cyberark.com. Information contained on, or that can be accessed through, our website is not part of this annual report and is not incorporated by reference herein. We have included our website address in this annual report solely for informational purposes. Our SEC filings are available to you on the SEC's website at http://www.sec.gov. This site contains reports, proxy and information statements, and other information regarding issuers that file electronically with the SEC. The information on that website is not part of this annual report and is not incorporated by reference herein. Our agent for service of process in the United States is CyberArk Software, Inc., located at 60 Wells Avenue, Newton, MA 02459, and our telephone number is (617) 965-1544.

Our cash capital expenditures for fiscal years 2016, 2017 and 2018 amounted to $2.8 million, $6.8 million and $8.6 million, respectively. Capital expenditures consist primarily of investments in leasehold improvements for our office space and the purchase of furniture, computers and related equipment. We anticipate our capital expenditures in fiscal year 2019 to be in a range of $6 million to $8 million. We anticipate our capital expenditures in 2019 will be financed with cash on hand and cash provided by operating activities.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Teradata (TDC) 3,644 50% 23.7 1% 1,979 1,651 1,993 996 14 152 3,600
LogMeIn (LOGM) 3,619 75% 14.6 0% 3,859 1,084 1,248 935 15 254 3,698
Cornerstone OnDemand (CSOD) 3,314 74% 92.2 -2% 869 738 565 419 -17 34 3,096
Appian (APPN) 3,306 64% -63.3 -17% 319 166 256 163 -53 -50 3,140
AppFolio (APPF) 3,299 60% 157.3 14% 234 108 189 113 32 21 3,327
Qualys (QLYS) 3,094 59% 31.2 10% 626 265 311 185 63 97 3,017
CyberArk Software (CYBR) 2,742 0% 674 207 0 0 0 0 2,480
BlackLine (BL) 2,630 79% -208.4 -3% 976 575 271 213 -30 -10 2,102
Box (BOX) 2,595 69% -35.2 -14% 844 823 513 354 -114 -69 2,434
LivePerson (LPSN) 2,538 73% -43.7 -14% 492 329 213 156 -69 -53 2,333
Altair Engineering (ALTR) 2,468 71% 109.0 -1% 717 371 335 239 -6 22 2,452
Alarm.com (ALRM) 2,336 64% 33.0 10% 501 165 473 303 48 68 2,235
Tenable Holdings (TENB) 2,324 84% -29.6 -15% 532 409 333 278 -80 -73 2,152
Everbridge (EVBG) 2,256 69% -71.7 -8% 480 269 144 99 -39 -29 2,057
Ellie Mae (ELLI) 2,251 58% 39.6 3% 912 108 482 280 24 52 2,070
Mimecast (MIME) 2,234 74% 84.2 -1% 679 476 382 283 -6 25 2,130
Rapid7 (RPD) 2,204 72% -118.2 -6% 627 540 235 170 -39 -18 2,089
Workiva (WK) 2,088 72% -51.9 -6% 627 557 282 203 -40 -33 1,699
Commvault Systems (CVLT) 2,013 82% 118.3 -0% 802 430 695 573 -3 14 1,636
Varonis Systems (VRNS) 1,891 86% -30.4 -22% 298 200 182 156 -64 -60 1,838

Balance Sheet ($MM)2015-12-312016-12-312017-12-312018-12-31
Cash235173161262
Accounts Receivable20334548
Inventory
PP&E691523
Assets334403503674
Accounts Payable3325
Long-Term Debt
Liabilities88107149207
Stockholders' Equity247296354467
Income Statement ($MM)2015-12-312016-12-312017-12-312018-12-31
Revenue
Cost of Revenue
Gross Profit
R&D
SG&A
Tax
Net Income
Cash Flow ($MM)2015-12-312016-12-312017-12-312018-12-31
Cash Operating
Cash Investing
Cash Financing