Cognyte Reports First Quarter Fiscal Year 2027 Financial Results

About this update from Cognyte Software Ltd.

Reports double-digit revenue growth, and profitability growing significantly faster than revenue Reiterates fiscal 2027 outlook HERZLIYA, Israel--(BUSINESS WIRE)-- Cognyte Software Ltd. (NASDAQ: CGNT) (the “Company,” “Cognyte,” “we,” “us” and “our”), a global leader in software-driven technology for investigative analytics, today announced results for the three months ended April 30, 2026 ("Q1 FYE27"). Financial Summary for Three Months Ended April 30, 2026 Q1 FYE27 Revenue was $105.5 million, up approximately 10.4% compared to the same period last year, reflecting a continuing healthy demand environment. Q1 FYE27 GAAP operating income was $4.4 million, doubling from operating income of $2.2 million in the same period last year. Q1 FYE27 Non-GAAP operating income was $10.7 million, an increase of $3.1 million or 41.5% from operating income of $7.6 million in the same period last year. Q1 FYE27 GAAP Net loss attributable to Cognyte Software Ltd was $3.0 million, compared to $1.0 million in the same period last year primarily driven by foreign exchange losses. Q1 FYE27 Adjusted EBITDA was $13.6 million, compared to $10.3 million in the same period last year, up 31.5% and growing significantly faster than revenue. Balance Sheet and Net Cash Provided by Operating Activities The board of directors remains committed to long-term shareholder value creation and has confidence in the Company’s growth prospects. During Q1 FYE27, the company bought approximately one million ordinary shares for an aggregate purchase price of approximately $8.2 million under the share repurchase program approved by the board of directors in July 2025. Since launching its first repurchase program in November 2024, the Company has repurchased approximately $35 million of shares through the end of Q1 FYE27, out of the $60 million authorized across the Company’s repurchase programs. During the first quarter, our cash position remained strong at $109.2 million, with no debt, reflecting disciplined working-capital management. During the three months ended April 30, 2026, net cash used in operating activities was $4.7 million, compared to net cash provided by operating activities of $1.7 million in the same period last year, primarily driven by accelerated adoption of subscription offerings, FX dynamics and inventory buildup to support future software demands. Management Commentary “The agen...

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