CyberArk, the global leader in Identity Security, announced strong financial results for the fourth quarter and full year ended December 31, 2022. The company’s subscription portion of Annual Recurring Revenue (ARR) was $364 million, an increase of 99% YoY, and total ARR of $570 million, an increase of 45%. Its subscription revenue for the full year 2022 was $280.6 million, an increase of 108% YoY, and total revenue was $591.7 million, an increase of 18%. Net cash provided by operating activities was $49.7 million for the full year 2022. CyberArk’s Annual Recurring Revenue was $570 million, an increase of 45% from $393 million at December 31, 2021. The company generated 90% of its bookings from subscriptions in Q4, and the subscription bookings mix reached a new record, driven by the demand for its identity security platform. The company’s financial performance for the full year 2022 was strong, with CyberArk’s competitive position stronger than ever.
