Check Point Software Reports Fourth Quarter and 2025 Full Year Results

TEL AVIV, Israel, Feb. 12, 2026 (GLOBE NEWSWIRE) -- Check Point® Software Technologies Ltd. (NASDAQ: CHKP), today announced its financial results for the fourth quarter and full year ended December 31, 2025.

Fourth Quarter 2025 Highlights

Full Year 2025 Highlights

“We delivered solid fourth quarter and full year 2025 results, with revenue landing above the midpoint of our outlook and EPS exceeding expectations. Our performance remained resilient throughout the year, driven by continued customer adoption across our Hybrid Mesh Network and Workspace platforms,” said Nadav Zafrir, Chief Executive Officer. “In 2026, our strategy is centered on securing our customers’ AI transformation across the enterprise. We are focused on executing against our four strategic pillars, Hybrid Mesh, Workspace, and Exposure Management, while embedding AI driven security throughout our portfolio. Today’s announced acquisition of Cyata further expands our AI security stack, enabling full discovery, governance, and control of AI agents as organizations accelerate their AI journeys.”

Announcing Three First Quarter 2026 Acquisitions

* Calculated Billings is a measure that we defined as total revenues recognized in accordance with GAAP plus the change in Total Deferred Revenues during the period.

** Remaining Performance Obligation (RPO) measure that represents the total value of non-cancellable contracted products and/or services yet to be recognized as Revenue as of the period.

*** GAAP & Non-GAAP EPS in fourth quarter and full year 2025 benefitted from a tax rate reduction, updated tax provisions and a tax settlement that resulted in a benefit to GAAP and Non-GAAP EPS. A more detailed explanation is provided in the Financial Highlights Commentary.

Financial Highlights Commentary

For information regarding the non-GAAP financial measures discussed in this release, as well as a reconciliation of such non-GAAP financial measures to the most directly comparable GAAP financial measures, please see “Use of Non-GAAP Financial Information” and “Reconciliation of GAAP to Non-GAAP Financial Information.”

Conference Call and Webcast Information

Check Point will host a conference call with the investment community on February 12, 2026, at 8:30 AM ET/5:30 AM PT. To listen to the live webcast or replay, please visit the website www.checkpoint.com/ir.

First Quarter 2026 Investor Conference Participation Schedule

Members of Check Point's management team are expected to meet with investors and selectively present at these conferences to discuss the latest company strategies and initiatives. Check Point’s conference presentations are expected to be available via webcast. To hear these presentations and access the most updated information please visit the company's web site at www.checkpoint.com/ir. The schedule is subject to change.

Follow Check Point via:

Twitter: http://www.twitter.com/checkpointsw

Facebook: https://www.facebook.com/checkpointsoftware

Blog: http://blog.checkpoint.com

YouTube: http://www.youtube.com/user/CPGlobal

LinkedIn: https://www.linkedin.com/company/check-point-software-technologies

About Check Point Software Technologies Ltd.

Check Point Software Technologies Ltd. ( http://www.checkpoint.com) is a leading protector of digital trust, utilizing AI-powered cyber security solutions to safeguard over 100,000 organizations globally. Through its Infinity Platform and an open garden ecosystem, Check Point’s prevention-first approach delivers industry-leading security efficacy while reducing risk. Employing a hybrid mesh network architecture with SASE at its core, the Infinity Platform unifies the management of on-premises, cloud, and workspace environments to offer flexibility, simplicity and scale for enterprises and service providers.

Legal Notice Regarding Forward-Looking Statements

This press release contains forward-looking statements, which generally relate to future events or to our future financial or operating performance. Forward-looking statements in this press release include, but are not limited to, expectations regarding our products and solutions; our ability to acquire or complete acquisitions of targeted companies; and the anticipated benefits of such transactions and other partnerships; and our planned participation in investor conferences and other events during the first quarter of 2026. These expectations and beliefs may not materialize. Actual results or events could differ materially from those expressed or implied due to various risks and uncertainties, including: our ability to continue developing platform capabilities and solutions; customer adoption of our existing and new offerings; the continued development of the IT security market; competition from other products and services; our ability to recognize the benefits of any acquisition or partnership; changes in our executive leadership; changes to laws and regulations affecting tax rates and credits and other activities; our ability to successfully integrate our completed acquisitions; and general market, political, economic, and business conditions, including acts of terrorism or war.

Additional risks and uncertainties are described in our filings with the Securities and Exchange Commission, including our Annual Report on Form 20-F filed on March 17, 2025. The forward-looking statements in this press release are based on information available to Check Point as of the date of this release, and we assume no obligation to update such statements except as required by law.

Use of Non-GAAP Financial Information

In addition to reporting financial results in accordance with generally accepted accounting principles, or GAAP, Check Point uses non-GAAP measures of operating income, net income and earnings per diluted share, which are adjustments from results based on GAAP to exclude, as applicable, stock-based compensation expenses, amortization of intangible assets and acquisition related expenses, amortization of debt discount and issuance costs and the related tax affects. Check Point’s management believes the non-GAAP financial information provided in this release is useful to investors’ understanding and assessment of Check Point’s ongoing core operations and prospects for the future. Historically, Check Point has also publicly presented these supplemental non-GAAP financial measures to assist the investment community to see the company “through the eyes of management,” and thereby enhance understanding of its operating performance. The presentation of this non-GAAP financial information is not intended to be considered in isolation or as a substitute for results prepared in accordance with GAAP. A reconciliation of the non-GAAP financial measures discussed in this press release to the most directly comparable GAAP financial measures is included with the financial statements contained in this press release. Management uses both GAAP and non-GAAP information in evaluating and operating business internally and as such has determined that it is important to provide this information to investors.

CHECK POINT SOFTWARE TECHNOLOGIES LTD.

CONSOLIDATED STATEMENT OF INCOME

(Unaudited, in millions, except per share amounts)

Three Months Ended

Year Ended

December 31,

2025

2024

2025

2024

Revenues:

Products and licenses

171.8

170.6

548.2

507.9

Security subscriptions

325.1

292.2

1,219.0

1,104.2

Total revenues from products and security subscriptions

496.9

462.8

1,767.2

1,612.1

Software updates and maintenance

248.0

240.9

958.2

952.9

Total revenues

744.9

703.7

2,725.4

2,565.0

Operating expenses:

Cost of products and licenses

32.0

29.6

105.8

97.8

Cost of security subscriptions

23.8

19.7

90.9

72.6

Total cost of products and security subscriptions

55.8

49.3

196.7

170.4

Cost of Software updates and

maintenance

33.4

132.6

123.9

Amortization of technology

8.8

7.6

32.5

25.0

Total cost of revenues

98.0

90.3

361.8

319.3

Research and development

124.3

101.1

456.7

394.9

Selling and marketing

255.8

232.1

947.0

862.9

General and administrative

33.9

25.9

128.8

111.9

Total operating expenses

512.0

449.4

1,894.3

1,689.0

Operating income

232.9

254.3

831.1

876.0

Financial income, net

29.5

24.5

114.0

96.1

Income before taxes on income

262.4

278.8

945.1

972.1

Taxes on income (tax benefit)

(42.1

)

21.3

(111.8

)

126.4

Net income

304.5

257.5

1,056.9

845.7

Basic earnings per share

2.85

2.36

9.85

7.65

Number of shares used in computing basic earnings per share

106.7

109.2

107.3

110.6

Diluted earnings per share

2.81

2.30

9.62

7.46

Number of shares used in computing diluted earnings per share

108.4

112.1

109.9

113.4

CHECK POINT SOFTWARE TECHNOLOGIES LTD.

SELECTED FINANCIAL METRICS

(Unaudited, in millions, except per share amounts)

Three Months Ended

Year Ended

December 31,

2025

2024

2025

2024

Revenues

744.9

703.7

2,725.4

2,565.0

Non-GAAP operating income

302.3

306.4

1,113.9

1,097.5

Non-GAAP net income

368.2

303.2

1,307.2

1,039.1

Diluted Non-GAAP Earnings per share

3.40

2.70

11.89

9.16

Number of shares used in computing diluted Non-GAAP Earnings per share

108.4

112.1

109.9

113.4

CHECK POINT SOFTWARE TECHNOLOGIES LTD.

RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL INFORMATION

(Unaudited, in millions, except per share amounts)

Three Months Ended

Year Ended

December 31,

2025

2024

2025

2024

GAAP operating income

232.9

254.3

831.1

876.0

Stock-based compensation (1)

56.4

29.8

205.6

149.7

Amortization of intangible assets and acquisition related expenses (2)

13.0

22.3

77.2

71.8

Non-GAAP operating income

302.3

306.4

1,113.9

1,097.5

GAAP net income

304.5

257.5

1,056.9

845.7

Stock-based compensation (1)

56.4

29.8

205.6

149.7

Amortization of intangible assets and acquisition related expenses (2)

13.0

22.3

77.2

71.8

Amortization of debt discount and issuance costs (3)

0.4

Taxes on the above items (4)

(6.1

)

(6.4

)

(32.9

)

(28.1

)

Non-GAAP net income

368.2

303.2

1,307.2

1,039.1

Diluted GAAP Earnings per share

2.81

2.30

9.62

7.46

Stock-based compensation (1)

0.52

0.26

1.87

1.32

Amortization of intangible assets and acquisition related expenses (2)

0.12

0.20

0.70

0.63

Amortization of debt discount and issuance costs (3)

Taxes on the above items (4)

(0.05

)

(0.06

)

(0.30

)

(0.25

)

Diluted Non-GAAP Earnings per share

3.40

2.70

11.89

9.16

Number of shares used in computing diluted Non-GAAP Earnings per share

108.4

112.1

109.9

113.4

(1) Stock-based compensation:

Cost of products and licenses

0.3

0.1

0.6

0.4

Cost of software updates and maintenance

3.8

2.0

13.5

8.2

Research and development

20.6

10.8

76.3

53.1

Selling and marketing

22.7

12.0

79.8

58.2

General and administrative

9.0

4.9

35.4

29.8

56.4

29.8

205.6

149.7

(2) Amortization of intangible assets and acquisition related expenses:

Amortization of technology-cost of revenues

8.8

7.6

32.5

25.0

Research and development

1.9

1.7

4.6

6.5

Selling and marketing

2.3

13.0

40.1

40.3

13.0

22.3

77.2

71.8

(3) Amortization of debt discount and issuance costs

0.4

(4) Taxes on the above items

(6.1

)

(6.4

)

(32.9

)

(28.1

)

Total, net

63.7

45.7

250.3

193.4

CHECK POINT SOFTWARE TECHNOLOGIES LTD.

CONDENSED CONSOLIDATED BALANCE SHEET DATA

(In millions)

ASSETS

December 31,

2025

(Unaudited)

2024

(Audited)

Current assets:

Cash and cash equivalents

1,800.0

506.2

Marketable securities and short-term deposits

1,214.9

865.7

Trade receivables, net

769.1

728.8

Prepaid expenses and other current assets

180.0

92.7

Total current assets

3,964.0

2,193.4

Long-term assets:

Marketable securities

1,326.8

1,411.9

Property and equipment, net

82.9

80.8

Deferred tax asset, net

68.3

74.7

Goodwill and other intangible assets, net

2,118.5

1,897.1

Other assets

245.9

96.6

Total long-term assets

3,842.4

3,561.1

Total assets

7,806.4

5,754.5

LIABILITIES AND

SHAREHOLDERS’ EQUITY

Current liabilities:

Deferred revenues

1,530.1

1,471.3

Trade payables and other accrued liabilities

406.6

472.9

Total current liabilities

1,936.7

1,944.2

Long-term liabilities:

Convertible senior notes, net

1,972.1

Long-term deferred revenues

650.3

529.0

Income tax accrual

329.7

459.6

Other long-term liabilities

35.5

32.3

2,987.6

1,020.9

Total liabilities

4,924.3

2,965.1

Shareholders’ equity:

Share capital

0.8

Additional paid-in capital

3,331.6

3,049.5

Treasury shares at cost

(15,555.8

)

(14,264.4

)

Accumulated other comprehensive gain (loss)

34.8

(10.3

)

Retained earnings

15,070.7

14,013.8

Total shareholders’ equity

2,882.1

2,789.4

Total liabilities and shareholders’ equity

7,806.4

5,754.5

Total cash and cash equivalents, marketable securities, and short-term deposits

4,341.7

2,783.8

CHECK POINT SOFTWARE TECHNOLOGIES LTD.

SELECTED CONSOLIDATED CASH FLOW DATA

(Unaudited, in millions)

Three Months Ended

Year Ended

December 31,

2025

2024

2025

2024

Cash flow from operating activities:

Net income

304.5

257.5

1,056.9

845.7

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation of property and equipment

7.6

6.3

24.8

24.0

Amortization of intangible assets

10.2

19.2

68.1

59.6

Stock-based compensation

56.4

29.8

205.6

149.7

Realized gain on marketable securities

(0.1

)

Increase in trade and other receivables, net

(382.7

)

(337.1

)

(82.9

)

(78.9

)

Increase (decrease) in deferred revenues, trade payables and other accrued liabilities

327.5

273.0

(14.2

)

59.7

Amortization of debt discount and issuance costs

0.4

Deferred income taxes, net

(13.4

)

0.3

(24.5

)

(1.0

)

Net cash provided by operating activities

310.4

249.0

1,234.2

1,058.8

Cash flow from investing activities:

Payment in conjunction with acquisitions, net of acquired cash

(189.4

)

(273.1

)

(185.8

)

Lease prepayment

(159.9

)

Investment in property and equipment

(7.2

)

(6.5

)

(26.6

)

(24.2

)

Net cash used in investing activities

(196.6

)

(6.5

)

(459.6

)

(210.0

)

Cash flow from financing activities:

Proceeds from issuance of shares upon exercise of options

54.7

9.0

393.2

258.6

Proceeds from issuance of convertible senior notes, net of issuance costs

1,971.7

Purchase of capped calls

(192.0

)

(192.0

)

Purchase of treasury shares

(425.0

)

(325.0

)

(1,400.0

)

(1,299.9

)

Payments related to shares withheld for taxes

(1.3

)

(1.5

)

(20.9

)

(18.6

)

Net cash provided by (used in) financing activities

1,408.1

(317.5

)

752.0

(1,059.9

)

Unrealized gain (loss) on marketable securities, net

2.6

(14.0

)

31.3

35.2

Increase (decrease) in cash and cash equivalents, marketable securities, and short-term deposits

1,524.5

(89.0

)

1,557.9

(175.9

)

Cash and cash equivalents, marketable securities, and short-term deposits at the beginning of the period

2,817.2

2,872.8

2,783.8

2,959.7

Cash and cash equivalents, marketable securities, and

short-term deposits at the end of the period

4,341.7

2,783.8

4,341.7

2,783.8

Investors: Kip E. Meintzer

Check Point Software Technologies, Ltd.

+1.650.628.2040

ir@checkpoint.com

Media: Gil Messing

Check Point Software Technologies, Ltd.

+1.650.628.2260

press@checkpoint.com