# Check Point Reports Strong Q1 Performance and Upcoming Investor Engagements

## Financial Highlights of Q1

Check Point Software Technologies Ltd. reported its first-quarter results, showcasing notable growth metrics.

– **GAAP EPS**: $1.71, reflecting a 7% increase year over year.
– **Non-GAAP EPS**: $2.21, marking a 9% rise year over year.

CEO Nadav Zafrir commented, “The first quarter results have provided a solid foundation to expand upon as we progress through the year. Strong demand for our Quantum Force appliances, fueled by refresh cycles and new projects, delivered double-digit year-over-year growth in products and licenses revenues.” He also noted that the AI-driven Infinity Platform, utilizing a Hybrid Mesh Architecture, has resonated well with customers, generating another quarter of impressive double-digit growth.

For further details regarding the non-GAAP financial measures in this release and reconciliation to GAAP, please refer to the sections below titled “Use of Non-GAAP Financial Information” and “Reconciliation of GAAP to Non-GAAP Financial Information.”

## Upcoming Conference Call

Check Point plans to host a conference call with the investment community on **April 23, 2025, at 8:30 AM ET / 5:30 AM PT**. Investors can access the live videocast or its replay on the company’s investor relations website at [checkpoint.com/ir](http://www.checkpoint.com/ir).

## Second Quarter 2025 Investor Conference Participation Schedule

Check Point’s management will engage with investors at various conferences during the second quarter. The following is a list of key events:

– **Barclays Americas Select Franchise Conference 2025**
**Date**: May 6, 2025
**Location**: London, UK – Fireside Chat & 1x1s

– **J.P. Morgan 53rd Annual Technology, Media, and Telecom Conference**
**Date**: May 13-15, 2025
**Location**: Boston, MA – Fireside Chat & 1x1s

– **Oppenheimer 26th Annual Israeli Conference**
**Date**: May 18, 2025
**Location**: Tel Aviv, Israel – Fireside Chat & 1x1s

– **TD Cowen 53rd Annual TMT Conference**
**Date**: May 28, 2025
**Location**: New York, NY – Fireside Chat & 1x1s

– **Jefferies Software Summit**
**Date**: May 29, 2025
**Location**: Newport Coast, CA – Fireside Chat & 1x1s

– **Stifel 2025 Cross Sector 1×1 Conference**
**Date**: June 3, 2025
**Location**: Boston, MA – 1x1s

– **Baird 2025 Global Consumer, Technology & Services Conference**
**Date**: June 4, 2025
**Location**: San Francisco, CA – 1x1s

– **Bank of America Merrill Lynch 2025 Global Technology Conference**
**Date**: June 5, 2025
**Location**: San Francisco, CA – Fireside Chat & 1x1s

– **TD Cowen 2nd Annual Corporate Access Day**
**Date**: June 17, 2025
**Location**: Toronto, Canada – 1x1s

Management discussions are anticipated to cover the latest company strategies and initiatives. Conference presentations will be available via webcast on the company’s website.

## Stay Connected with Check Point

Engage with Check Point through various social media platforms:

– **Twitter**: [Check Point Software](http://www.twitter.com/checkpointsw)
– **Facebook**: [Checkpoint Software](https://www.facebook.com/checkpointsoftware)
– **Blog**: [Check Point Blog](http://blog.checkpoint.com)
– **YouTube**: [CPGlobal Channel](http://www.youtube.com/user/CPGlobal)
– **LinkedIn**: [Check Point Software](https://www.linkedin.com/company/check-point-software-technologies)

## About Check Point Software Technologies Ltd.

Check Point Software Technologies Ltd. is a premier AI-powered, cloud-delivered cybersecurity platform provider protecting over 100,000 organizations globally. Their solutions leverage AI to enhance cybersecurity efficiency and accuracy, offering comprehensive protection through the Infinity Platform, featuring Check Point Harmony for workspace security, Check Point CloudGuard for cloud security, Check Point Quantum for network security, and Check Point Infinity Core Services for integrated security operations and services.

## Legal Notice Regarding Forward-Looking Statements

This press release contains forward-looking statements concerning Check Point’s expected future events and financial performance. Variables affecting these outcomes include product and solution performance, market conditions, potential risks from competition, executive changes, and broader economic factors. Comprehensive details on these risks are included in Check Point’s filings with the Securities and Exchange Commission.

## Use of Non-GAAP Financial Information

In addition to GAAP results, Check Point employs non-GAAP measures to provide investors with insight into the company’s performance. These measures adjust GAAP results to exclude stock-based compensation, amortization of intangible assets, and related tax effects. Management believes this information enhances investors’ understanding of Check Point’s ongoing operations and financial health.

Check Point Software Technologies Reports Solid Revenue Growth for 2025

Check Point Software Technologies Ltd. has presented its recent financial results, providing insights into its core operations and future projections. The company continues to release supplemental non-GAAP financial measures to help the investment community gain a clearer picture of its performance from management’s perspective. It’s important to note that this non-GAAP information should not be viewed in isolation or as a substitute for GAAP results. A reconciliation of these non-GAAP measures to the closest GAAP financial metrics is included in the statements shared.

Calculated Billings: This metric represents total revenues recognized in accordance with GAAP, plus any changes in Total Deferred Revenues during the reporting period.

Remaining Performance Obligation (RPO): This figure denotes the total value of contracted non-cancellable products and/or services that have yet to be recognized as revenue as of March 31, 2025.

CHECK POINT SOFTWARE TECHNOLOGIES LTD. CONSOLIDATED STATEMENT OF INCOME
(Unaudited, in millions, except per share amounts)
	Three Months Ended
	March 31,
	2025			2024
Revenues:
Products and licenses	$	114.1		$	100.3
Security subscriptions		290.6			263.4
Total revenues from products and security subscriptions		404.7			363.7
Software updates, maintenance and services		233.1			235.1
Total revenues

Company Financial Overview: Cost Analysis and Budget Allocations

637.8			598.8
Operating expenses:
Cost of products and licenses		23.0			19.9
Cost of security subscriptions		21.4			16.5
Total cost of products and security subscriptions		44.4			36.4
Cost of software updates and maintenance		32.1			28.7
Amortization of technology		7.6			5.8
Total cost of revenues		84.1			70.9
Research and development		102.1			99.2
Selling and marketing		225.4			206.2
General and administrative

Financial Performance Report: Key Income and Expense Figures

“”

	30.7			28.6
Total operating expenses		442.3			404.9
Operating income		195.5			193.9
Financial income, net		27.3			22.6
Income before taxes on income		222.8			216.5
Taxes on income		31.9			32.6
Net income	$	190.9		$	183.9
Basic earnings per share	$	1.77		$	1.64
Number of shares used in computing basic earnings per share		107.9			112.3
Diluted earnings per share	$	1.71		$

# Check Point Software Technologies Reports Strong Q1 Financial Metrics

CHECK POINT SOFTWARE TECHNOLOGIES LTD. SELECTED FINANCIAL METRICS
(Unaudited, in millions, except per share amounts)
		Three Months Ended
		March 31,
		2025			2024
Revenues		$	637.8		$	598.8
Non-GAAP operating income			258.6			252.0
Non-GAAP net income			246.2			234.5
Non-GAAP diluted earnings per share		$	2.21		$	2.04
Number of shares used in computing diluted Non-GAAP earnings per share			111.4			115.2

These metrics illustrate Check Point’s robust performance for the three-month period ending on March 31, with significant revenues and solid income reflecting the company’s operational efficiency. Despite economic fluctuations, Check Point continues to show strong financial health, which may bolster investor confidence moving forward.

Checkpoint Software Technologies’ Financial Reconciliation for GAAP to Non-GAAP

CHECK POINT SOFTWARE TECHNOLOGIES LTD. RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL INFORMATION
(Unaudited, in millions, except per share amounts)
		Three Months Ended
		March 31,
			2025				2024
GAAP operating income		$	195.5			$	193.9
Stock-based compensation (1)			41.2				41.6
Amortization of intangible assets and acquisition related expenses (2) (*)			21.9				16.5
Non-GAAP operating income

# Financial Summary: Earnings Reports and Key Metrics

		258.6				252.0
GAAP net income		$	190.9			$	183.9
Stock-based compensation (1)			41.2				41.6
Amortization of intangible assets and acquisition related expenses (2) (*)			21.9				16.5
Taxes on the above items (3)			(7.8	)			(7.5	)
Non-GAAP net income		$	246.2			$	234.5
GAAP diluted earnings per share

Analysis of Recent Non-GAAP Earnings Report Highlights

$	1.71			$	1.60
Stock-based compensation (1)			0.37				0.36
Amortization of intangible assets and acquisition-related expenses (2) (*)			0.2				0.15
Taxes on the above items (3)			(0.07	)			(0.07	)
Non-GAAP diluted earnings per share		$	2.21			$	2.04
Number of shares used in computing diluted Non-GAAP earnings per share			111.4				115.2
(1) Stock-based compensation:

# Comprehensive Analysis of Company Costs and Financial Statistics

## Overview of Product and License Costs
The report begins with the **Cost of Products and Licenses**, which stands at **$0.1** for the current period. This figure reflects the company’s investment in necessary software and product offerings.

## Software Updates and Maintenance Expenses
Next, we look at the **Cost of Software Updates and Maintenance**. For this cycle, the reported expenses are **$2.1** for the first quarter, rising slightly to **$2.2** in the subsequent quarter. This trend signifies ongoing commitment to keeping software systems functional and up-to-date.

## Research and Development Investments
The company is clearly prioritizing innovation as seen in its **Research and Development** expenditures, totaling **$14.7** in both reported periods. Consistent funding in this area indicates a strategic focus on long-term growth and market competitiveness.

## Selling and Marketing Expenditures
In terms of outreach, the **Selling and Marketing** costs were **$14.6** for the first quarter, with an increase to **$15.9** in the following quarter. This uptick suggests intensified efforts to elevate brand presence and market share.

## General and Administrative Expenses
The **General and Administrative** costs show a slight variance, with expenses reported at **$9.7** in the first period, compared to **$8.7** in the second. This decrease might reflect more efficient operational management or reduced overhead costs.

## Total Costs and Financial Implications
Overall, the sum of total costs amounts to **$41.2** in the first quarter and **$41.6** in the second quarter. This minor increase indicates the company’s stable financial commitments, albeit with a slight rise in expenses that could be indicative of future growth prospects.

## Considerations on Amortization of Intangible Assets
Finally, the report notes that there are ongoing considerations regarding the **Amortization of Intangible Assets and Acquisition-Related Expenses**. These insights will be vital for stakeholders assessing the company’s overall financial health and trajectory.

### Conclusion
In conclusion, the financial data presented illustrates a detailed landscape of operational costs across various sectors of the company. Continuous investment in research, marketing, and software maintenance reflects a strategic approach aimed at sustainable growth and competitive advantage in the market.

Financial Overview: Key Revenue and Expense Insights

Amortization of technology-cost of revenues			7.6				5.8
Research and development			1.5				1.6
Selling and marketing			12.8				9.1
			21.9				16.5
(3) Taxes on the above items			(7.8	)			(7.5	)
Total, net		$	55.3			$	50.6

(*) Although amortization of acquired intangible assets is excluded from these measures, the revenue generated by the acquired companies is included, highlighting their contributions to overall revenue.

Checkpoint Software Technologies Reports Latest Financial Data

CHECK POINT SOFTWARE TECHNOLOGIES LTD. CONDENSED CONSOLIDATED BALANCE SHEET DATA (In millions) ASSETS
			March 31,			December 31,
			2025 (Unaudited)			2024 (Audited)
Current assets:
Cash and cash equivalents			$	450.2		$	506.2
Marketable securities and short-term deposits				1,012.0			865.7
Trade receivables, net				399.7			728.8
Prepaid expenses and other current assets				94.5			92.7
Total current assets				1,956.4			2,193.4
Long-term assets:
Marketable securities				1,469.8

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Company Financials: A Deep Dive into Assets and Liabilities

ASSETS
Total long-term assets	3,601.5	3,561.1
Total assets	$	5,557.9	$	5,754.5

LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Deferred revenues	$	1,389.8		$	1,471.3

“`

This restructuring maintains the integrity of the financial data while providing an engaging and coherent presentation suitable for readers interested in corporate financial insights.

Comprehensive Review of Current and Long-term Liabilities

Trade payables and other accrued liabilities				394.8				472.9
Total current liabilities				1,784.6				1,944.2
Long-term liabilities:
Long-term deferred revenues				525.6				529.0
Income tax accrual				467.4				459.6
Other long-term liabilities				31.8				32.3
Total long-term liabilities				1,024.8				1,020.9

# Detailed Financial Summary: Total Liabilities and Shareholders’ Equity Breakdown

Total liabilities				2,809.4				2,965.1
Shareholders’ equity:
Share capital				0.8				0.8
Additional paid-in capital				3,125.5				3,049.5
Treasury shares at cost				(14,579.6)	)			(14,264.4)	)
Accumulated other comprehensive gain				(2.9)	)			(10.3)	)
Retained earnings				14,204.7				14,013.8
Total shareholders’ equity				2,748.5

Checkpoint Software Technologies Reports Solid Cash Flow Data

In summary, Check Point Software Technologies Ltd. is demonstrating strong financial performance with substantial cash flow generation and sound operational efficiency, reinforcing its market position.

Important Financial Metrics: Operating Cash Flow Insights

CHECK POINT SOFTWARE TECHNOLOGIES LTD. SELECTED CONSOLIDATED CASH FLOW DATA
(Unaudited, in millions)
	Three Months Ended
	March 31,
		2025				2024
Cash flow from operating activities:
Net income	$	190.9			$	183.9
Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation of property and equipment		5.2				7.3
Amortization of intangible assets		19.2				13.5
Stock-based compensation		41.2				41.6
Realized loss on marketable securities		0.1				–
Decrease in trade and other receivables, net		329.4				265.4
Decrease in deferred revenues, trade payables, and other accrued liabilities		(142.1	)			(140.6	)
Deferred income taxes, net		(22.8	)			(10.1	)
Net cash provided by operating activities		421.1				361.0

# Analysis of Cash Flow Statements: Investing and Financing Activities

## Cash Flow from Investing Activities

The segment on cash flow from investing activities details the company’s investment patterns and liquidity.

### Investment in Property and Equipment
The company noted an investment in property and equipment of:

– Current Year: **(7.4)**
– Previous Year: **(6.5)**

This indicates a slight increase in investment, reflecting ongoing or expanding capital expenditures aimed at enhancing operational capacity.

### Net Cash Used in Investing Activities
The total cash utilized in investing activities appeared as:

– Current Year: **(7.4)**
– Previous Year: **(6.5)**

The increase might suggest an intensifying focus on growth through fixed asset purchases or enhancements.

—

## Cash Flow from Financing Activities

Financing activities detail how the company raises capital and manages liquidity risk associated with its financial obligations.

### Proceeds from Issuance of Shares Upon Exercise of Options
The proceeds from share issuance upon the exercise of stock options were recorded as:

– Current Year: **46.0**
– Previous Year: **45.6**

This slight increase may illustrate a positive trend in employee engagement or stock option programs.

### Purchase of Treasury Shares
A notable expense was incurred from the repurchase of treasury shares, reflecting:

– Current Year: **(325.0)**
– Previous Year: **(325.0)**

The consistent level of treasury share buybacks could signal management’s confidence in the company’s valuation or a tactical move to return capital to shareholders.

### Payments Relating to Shares Withheld for Taxes
Payments related to shares withheld for taxes amounted to:

– Current Year: **(1.5)**
– Previous Year: **(1.1)**

This increase shows the company’s growing share-based compensation and employee stock option activities.

### Net Cash Used in Financing Activities
Overall, the net cash used in financing activities totaled:

– Current Year: **(280.5)**
– Previous Year: **(280.5)**

Such stability indicates consistent strategic financing decisions over the past year.

—

In summary, both the investing and financing activities reflect the company’s strategies to maintain growth while managing shareholder returns. The data presents a snapshot of how the firm balances investments in assets with its capital-raising efforts, investing in future growth while navigating liquidity pressures.

Company Reports Financial Gains with Increased Cash Reserves

Unrealized gain on marketable securities, net		15.0				1.6
Increase in cash and cash equivalents, marketable securities, and short-term deposits		148.2				75.6
Cash and cash equivalents, marketable securities, and short-term deposits at the beginning of the period		2,783.8				2,959.7
Cash and cash equivalents, marketable securities, and short-term deposits at the end of the period	$	2,932.0			$	3,035.3

This article was originally published on Quiver News, read the full story.

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