CyberArk Software Ltd. reported strong financial results for the second quarter of 2025, highlighting a total revenue of $328 million. The company's total Annual Recurring Revenue $(ARR)$ reached $1.274 billion, with the subscription portion of ARR accounting for $1.088 billion. Maintenance, professional services, and other revenue were reported at $64.3 million, a slight decrease from $66.3 million in the same quarter of the previous year. The company posted a GAAP net loss of $90.8 million, significantly widened from a GAAP net loss of $12.9 million in the same period last year. This loss includes a $44.1 million one-time tax payment related to the capital gain associated with the intercompany migration of intellectual property from the Venafi acquisition. The GAAP operating loss was $35.8 million compared to a $24.0 million loss in the previous year. However, the non-GAAP operating income saw a substantial increase to $49.4 million, or a 15 percent margin, up from $23.7 million, or an 11 percent margin, in the same period last year. In a significant business update, CyberArk announced its proposed acquisition by Palo Alto Networks, which is expected to enhance the delivery and scale of its identity security platform globally.