)
Edge12 Dec 2025
Running on Clouds: The Story of On
The story of how a Swiss runner's pursuit of a new running sensation became On, aiming to be the most premium global sportswear brand worldwide.
Cognyte Software (CGNT) investor relations material
Cognyte Software Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary9 Dec, 2025
Executive summary
Q3 FYE26 revenue grew 13.2% year-over-year to $100.7 million, with strong demand for AI-powered solutions and major customer wins, including a $5 million follow-on subscription with a tier-one military intelligence organization in EMEA.
Adjusted EBITDA for Q3 was $11.9 million, up 81.4% year-over-year, and GAAP operating income reached $3.2 million, reversing a prior-year loss.
Cash flow from operations was $25.0 million for the quarter, with a strong cash position of $106.6 million and no debt.
Continued execution of a share repurchase program, with 152,000 shares repurchased for $1.3 million in Q3.
Expanded U.S. market presence through new partnerships and increased engagement with federal, state, and local agencies.
Financial highlights
Q3 revenue was $100.7 million, up 13.2% year-over-year; software revenue grew 39.6% to $41.9 million.
Non-GAAP gross margin expanded to 73.1%, with non-GAAP gross profit of $73.6 million; adjusted EBITDA margin for Q3 was 11.8%.
Non-GAAP operating income nearly tripled to $9.0 million; GAAP net loss for Q3 was $3.4 million (EPS loss $0.07).
Billings for Q3 were $104.7 million to $107.7 million, and recurring revenue was $47.5 million (47.1% of total revenue).
For the first nine months, revenue was $293.8 million (up 14.7%), non-GAAP operating income $24.6 million, and adjusted EBITDA $33.2 million (up 67%).
Outlook and guidance
Raised FY26 guidance: revenue of ~$400 million (14% growth), adjusted EBITDA of ~$47 million (60% growth), and non-GAAP EPS of $0.24.
Expect annual non-GAAP gross margin of 72.3% (up 130 bps) and operating cash flow of $45 million.
Long-term targets for FY28: revenue ~$500 million, gross margin ~73%, adjusted EBITDA margin >20%.
Software vs recurring revenue growth divergence
Future capital allocation given strong cash flow
Reconcile Q3 billings growth with revenue and RPO
How does Cognyte differentiate vs. US competitors?
How does perpetual license reoccurring behavior drive visibility?
What sustains gross margin above 73% long-term?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Cognyte Software earnings date
Q4 20262 Apr, 2026
Next Cognyte Software earnings date
Q4 20262 Apr, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Cognyte Software Ltd. specializes in providing investigative analytics software to governments and enterprises globally. Their flagship offering, "Actionable Intelligence for a Safer World," is an open software platform designed to enhance and accelerate the effectiveness of investigations. This platform empowers users to analyze, connect, and manage data for security investigations, aiming to improve decision-making and operational efficiency. By offering solutions that address national security, personal safety, business continuity, and cyber threats, Cognyte stands out in the security analytics software sector. Their technology enables organizations to identify, neutralize, and prevent threats through accelerated security investigations. The company is headquartered in Herzliya, Israel, and its shares are listed on the Nasdaq.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage