Cognyte Software Reported Q1 Total Backlog Of $484.9M, Total RPO Of $597.8M Vs $545.8M QoQ, Billings Of $78.3, Flat YoY

Additional Financial and Operational Data for the First Quarter Ended April 30, 2025

• Q1 FYE26 Total Software revenue increased by $6.2 million, compared to last fiscal year, aligned with our growth strategy.
• Q1 FYE26 Software revenue increased by $5.9 million, compared to the same period last year. The increase was mainly driven by increased sales of software perpetual licenses.
• Q1 FYE26 Software services revenue increased by $0.3 million, compared to the same period last year.
• Q1 FYE26 Professional services and other revenue increased by $6.6 million, compared to the same period last year primarily related to revenue recognition timing and scale of deployments.
• Q1 FYE26 Recurring Revenue(1) increased by 3.2% to $47.2 million, compared to the same period last year.
• Q1 FYE26 Non-GAAP Gross profit and margin were $68.7 million and 71.9%, respectively, an increase of $9.9 million and 80 bps improvement compared to the same period last year. The increases are the result of the significant value customers derive from our innovative solutions, our competitive differentiation and our improved cost structure.
• Q1 FYE26 Billings(2) were $78.3 million, consistent with last year.
• Total Backlog(3) at the end of Q1 FYE26 was $484.9 million and short-term Backlog was $260.1 million.
• Total RPO(4) was $597.8 million at the end of Q1 FYE26, representing an increase of $52 million from $545.8 million at the end of Q4 FYE25.
• Short-term RPO(4) at the end of Q1 FYE26 increased to $346.9 million, providing solid visibility into FYE26 revenue.
• As part of its U.S. growth strategy, the Company recently acquired GroupSense, a cyber threat intelligence company that combines automated and human capabilities to deliver customer-specific intelligence. This acquisition adds a highly experienced team with strong domain expertise and a solid U.S. customer base.