Check Point® Software Technologies Ltd. (NASDAQ: CHKP), today announced its financial results for the quarter ended March 31st, 2025.
First Quarter 2025 Financial Highlights:
- Cash Flow from Operations: $421 million, a 17 percent increase year over year
- Calculated Billings* reached $553 million, a 7 percent increase year over year
- Remaining Performance Obligation (RPO)**: $2.4 billion, an 11 percent increase year over year
- Total Revenues: $638 million, a 7 percent increase year over year
- Products & Licenses Revenues: $114 million, a 14 percent increase year over year
- Security Subscriptions Revenues: $291 million, a 10 percent increase year over year
- GAAP Operating Income: $196 million, representing 31 percent of total revenues
- Non-GAAP Operating Income: $259 million, representing 41 percent of total revenues
- GAAP EPS: $1.71, a 7 percent increase year over year
- Non-GAAP EPS: $2.21, a 9 percent increase year over year
“The first quarter results have provided a solid foundation to expand upon as we progress through the year. Strong demand for our Quantum Force appliances, fueled by refresh cycles and new projects delivered double-digit year-over-year growth in products and licenses revenues,” stated CEO Nadav Zafrir. ” The AI-driven Infinity Platform, featuring a Hybrid Mesh Architecture, continues to resonate with customers and delivered another quarter of impressive double-digit year-over-year growth.”
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 below “Use of Non-GAAP Financial Information” and “Reconciliation of GAAP to Non-GAAP Financial Information.”
Conference Call & Video Cast Information
Check Point will host a conference call with the investment community on April 23, 2025, at 8:30 AM ET/5:30 AM PT. To listen to the live videocast or replay, please visit the website www.checkpoint.com/ir.
Second Quarter 2025 Investor Conference Participation Schedule
- Barclays Americas Select Franchise Conference 2025
May 6, 2025, London, UK – Fireside Chat & 1×1’s - P. Morgan 53rd Annual Technology, Media, and Telecom Conference
May 13-15, 2025, Boston, MA – Fireside Chat & 1×1’s - Oppenheimer 26th Annual Israeli Conference
May 18, 2025, Tel Aviv, Israel – Fireside Chat & 1×1’s - TD Cowen 53rd Annual TMT Conference
May 28, 2025, NY, NY – Fireside Chat & 1×1’s - Jefferies Software Summit
May 29, 2025, Newport Coast, CA – Fireside Chat &1×1’s - Stifel 2025 Cross Sector 1×1 Conference
June 3, 2025, Boston, MA – 1×1’s - Baird 2025 Global Consumer, Technology & Services Conference
June 4, 2025, SF, CA – 1×1’s - Bank of America Merrill Lynch 2025 Global Technology Conference
June 5, 2025, SF, CA – Fireside Chat & 1×1’s - TD Cowen 2nd Annual Corporate Access Day
June 17, 2025, Toronto, Canada – 1×1’s
Members of Check Point’s management team are expected to present at these conferences and discuss the latest company strategies and initiatives. Check Point’s conference presentations are expected to be available via webcast on the company’s web site. 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 Software via:
Twitter: https://www.twitter.com/checkpointsw
Facebook: https://www.facebook.com/checkpointsoftware
Blog: https://blog.checkpoint.com
YouTube: https://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. (https://www.checkpoint.com) is a leading AI-powered, cloud-delivered cyber security platform provider protecting over 100,000 organizations worldwide. Check Point leverages the power of AI everywhere to enhance cyber security efficiency and accuracy through its Infinity Platform, with industry-leading catch rates enabling proactive threat anticipation and smarter, faster response times. The comprehensive platform includes cloud-delivered technologies consisting of Check Point Harmony to secure the workspace, Check Point CloudGuard to secure the cloud, Check Point Quantum to secure the network, and Check Point Infinity Core Services for collaborative security operations and services.
Legal Notice Regarding Forward-Looking Statements
This press release contains forward-looking statements. Forward-looking statements generally relate to future events or 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, and our participation in investor conferences and other events during the second quarter of 2025. Our expectations and beliefs regarding these matters may not materialize, and actual results or events in the future are subject to risks and uncertainties that could cause actual results or events to differ materially from those projected. These risks include our ability to continue to develop platform capabilities and solutions; customer acceptance and purchase of our existing solutions and new solutions; the market for IT security continuing to develop; competition from other products and services; appointments and departures of our executive officers; and general market, political, economic, and business conditions, including acts of terrorism or war. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in our filings with the Securities and Exchange Commission, including our Annual Report on Form 20-F filed with the Securities and Exchange Commission on March 17, 2025. The forward-looking statements in this press release are based on information available to Check Point as of the date hereof, and Check Point disclaims any obligation to update any forward-looking 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 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.
* 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) is a measure that represents the total value of non-cancellable contracted products and/or services that are yet to be recognized as Revenue as of March 31, 2025.
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