34 slides from Check Point Software Technologies's earnings presentation, Feb 12, 2026
Slide 1: Fourth Quarter & FY2025 Financial Results
Fourth Quarter & FY2025 Financial Results February 12, 2026 Nadav Zafrir Roei Golan Kip E. Meintzer CEO CFO Global Head of IR ©2026 Check Point Software Technologies Ltd. 1
Slide 2: Forward Looking Statement
Forward Looking Statement This presentation may contain certain forward-looking solutions and new products and solutions; the market for IT statements. These forward-looking statements generally relate security continuing to develop; competition from other products to future events or our future fin
Slide 3: Nadav Zafrir, Chief Executive Officer
Nadav Zafrir Chief Executive Officer
Slide 4: AI is Fundamentally Changing the Threat Landscape
AI is Fundamentally Changing the Threat Landscape
Slide 5: We Secure Your AI Transformation
The Check Point Mission: We Secure Your AI Transformation
Slide 6: Securing Your AI Transformation
Securing Your AI Transformation Continuously update our Secure the new AI attack Leverage AI to simplify and security solutions to defend surfaces with purpose-built automate security management against the full spectrum of security capabilities and operations evolving threats Prevention First Appro
Slide 7: Four Security Pillars to Secure Your AI Transformation
Four Security Pillars to Secure Your AI Transformation Check Point Services
Slide 8: Securing the Infrastructure: Hybrid Mesh Network Security
Securing the Infrastructure: Hybrid Mesh Network Security Secure the Secure the Perimeter Data Center and Branch Offices Secure the Modernize Internet and Hybrid Cloud Private Access with SASE AI-Powered Unified Management
Slide 9: Securing Humans: Workspace Security
Securing Humans Workspace Security Layered Security for Users, Devices, Apps and Access Security Awareness Training Email Mobile Apps Endpoint/EDR SSE Browser
Slide 10: Check Point acquires Rotate
Check Point acquires Rotate Accelerating our strong momentum in the MSP market
Slide 11: Exposure Management: Intelligence-led, Remediation-driven
Exposure Management: Intelligence-led, Remediation-driven A Unified Capability Across the Full CTEM Cycle with 3 Main Elements THREATS VULNERABILITY IDENTIFICATION MANAGEMENT SAFE REMEDIATION
Slide 12: Check Point acquires Cyclops
Check Point acquires Cyclops Expanding Exposure Management Offering to Deliver a Complete CTEM Solution to the Market
Slide 13: The Security Challenges of AI Adoption
The Security Challenges of AI Adoption Data AI-specific Uncontrolled Leakage Threats Autonomy Via prompts, uploads Prompt injection, model From agents acting and integrations inversion, data poisoning, beyond intended scope insecure output handling with unclear accountability
Slide 14: The Check Point AI Defense Plane
The Check Point AI Defense Plane A Unified Security Model for Employees, Applications, and Agents Tool / Unsafe Rogue Privilege Abuse Autonomy Agents Prompt Harmful Data Shadow Al Sensitive Data Injection Outputs Exfiltration Usage Pastes Leakage Protect Govern Discover AI Defense Plane One platform
Slide 15: Check Point acquires Cyata
Check Point acquires Cyata Accelerates our mission to deliver End-to-End AI Security platform for the Agentic World:
Slide 16: Four Security Pillars to Secure Your AI Transformation
Four Security Pillars to Secure Your AI Transformation Check Point Services
Slide 17: Financial Results
1 Financial Results ©2026 Check Point Software Technologies Ltd. 17
Slide 18: Q4-25 Revenues & EPS
Q4-25 Revenues & EPS ** Non-GAAP Revenues EPS** $1 Million Above Exceeded our projections the Midpoint of our projections $745M $3.40* Actual Actual Mid-Point Mid-Point $724M $744M $2.70 $2.80 $764M $2.75 * Including $0.52 tax benefit related to tax rate reduction and updated tax reserves due to tax
Slide 19: FY 2025 Revenues & EPS
FY 2025 Revenues & EPS ** Non-GAAP Revenues EPS** $15 Million Above Exceeded our projections the Midpoint of our Original projections $2,725M $11.89* Actual Actual Mid-Point Mid-Point $2,710M $2,660M $2,760M $9.60 $9.90 $10.20 * Including $1.90 tax benefit related to reduction in the corporate tax r
Slide 20: Q4-25 Results
Q4-25 Results Q4-24 Q4-25 Y/Y % Total Revenues $704M $745M 6% Deferred Revenues $2,000M $2,180M 9% Calculated Billings* $959M $1,039M 8% Current Calculated Billings** $905M $958M 6% Remaining Performance Obligation*** $2,516M $2,728M 8% * Calculated Billings is a measure that we defined as total rev
Slide 21: FY 2025 Results
FY 2025 Results 2024 2025 Y/Y % Total Revenues $2,565M $2,725M 6% Calculated Billings* $2,658M $2,906M 9% Current Calculated Billings** $2,623M $2,784M 6% Recurring Calculated Billings*** $2,144M $2,366M 10% * Calculated Billings is a measure that we defined as total revenues recognized in accordanc
Slide 22: Strong Demand For Our Emerging Technologies
Strong Demand For Our Emerging Technologies* Over 40% Growth Across ARR** Growth Three Pillars SASE Email Protection External Risk Management Q4-24 Q4-25 * Includes SASE, Email Security and External Risk Management. ** ARR - Annualized Recurring Revenue. Annualized allocated revenue of all active co
Slide 23: Q4-25 Global Revenue Distribution
Q4-25 Global Revenue Distribution Growth Across All GEO’s + Americas 40% + EMEA 48% + APAC 12% +5% +6% +9% Q4-24 Q4-25 Q4-24 Q4-25 Q4-24 Q4-25 ©2026 Check Point Software Technologies Ltd. 23
Slide 24: 2025 Global Revenue Distribution
2025 Global Revenue Distribution Growth Across All GEO’s + Americas 42% + EMEA 46% + APAC 12% +5% +7% +11% 2024 2025 2024 2025 2024 2025 ©2026 Check Point Software Technologies Ltd. 24
Slide 25: Q4-25 Operating Performance
Q4-25 Operating Performance Q4-24 Q4-25 Y/Y % Total Revenues $704M $745M +6% Gross Profit* $623M $660M +6% Operating Expenses* ($317M) ($358M) +13% Operating Income* $306M $302M -1% Financial Income* $25M $30M +22% Income Tax Benefit (Expenses)** ($28M) $36M Non-GAAP Net Income** $303M $368M +21% No
Slide 26: 2025 Operating Performance
2025 Operating Performance 2024 2025 Y/Y % Total Revenues $2,565M $2,725M +6% Gross Profit* $2,279M $2,410M +6% Operating Expenses* ($1,182M) ($1,296M) +10% Operating Income* $1,097M $1,114M +1% Financial Income* $96M $114M +19% Income Tax Benefit (Expenses)** ($154M) $79M Non-GAAP Net Income** $1,0
Slide 27: Q4-25 Cash Flow & Cash Position
Q4-25 Cash Flow & Cash Position $310 Million $190 Million Net Cash Consideration for Lakera Acquisition Strong Operating Cash Flow +24% Growth $1.8 Billion Convertible Senior Notes Proceeds* $4.3 Billion $425 Million Cash, Marketable Securities & Short-Term Deposits Q4 Share Repurchase *Net of issua
Slide 28: FY 2025 Cash Flow & Cash Position
FY 2025 Cash Flow & Cash Position $1,234 Million $4.3 Billion Strong Operating Cash Flow +17% Growth Cash, Marketable Securities & Short-Term Deposits $273 Million $1.4 Billion Net Cash Consideration for Acquisitions 2025 Total Share Repurchase $1.8 Billion $160 Million Convertible Senior Notes Proc
Slide 29: Financial Summary
Financial Summary Revenues Above Mid- Strong Demand For Strong Operating Cash Point of Projections & Emerging Technologies Flow & Profitability EPS Exceeded ©2026 Check Point Software Technologies Ltd. 29
Slide 30: Business Outlook
2 Business Outlook ©2026 Check Point Software Technologies Ltd. 30
Slide 31: Business Outlook
Business Outlook* Q1 2026 FY2026 Total Revenues $655M - $685M $2,830M-$2,950M 3% - 7% 4% - 8% Subscription Revenues $318M - $328M $1,345M-$1,385M 9% - 13% 10% - 14% Non-GAAP EPS** $2.35 - $2.45 $10.05 - $10.85 6% - 11% 1% - 9% (ex one-time) GAAP EPS (Expected to be Approximately) 64 Cents Less $2.58
Slide 32: Thank You!
Thank You! ©2026 Check Point Software Technologies Ltd. 32
Slide 33: GAAP to Non-GAAP Consolidated Statement of Income Reconciliation
GAAP to Non-GAAP Consolidated Statement of Income Reconciliation [Internal Use] for Check Point employees ©2026 Check Point Software Technologies Ltd. 33
Slide 34: GAAP to Non-GAAP Consolidated Statement of Income Reconciliation
GAAP to Non-GAAP Consolidated Statement of Income Reconciliation [Internal Use] for Check Point employees ©2026 Check Point Software Technologies Ltd. 34