Check Point Q4 Billings Rise 8% to $1.039B, Acquires Three AI Security Firms

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Check Point’s Q4 2025 calculated billings reached $1,039M (+8% YoY) and revenues rose 6% to $745M, with non-GAAP EPS of $3.40 (+26%). Full-year 2025 saw $2,906M billings (+9%), $2,725M revenue (+6%) and non-GAAP EPS of $11.89 (+30%), backed by a $4.342B cash position.

1. Q4 2025 Performance

In Q4 2025, Check Point achieved calculated billings of $1,039 million (up 8% YoY), total revenues of $745 million (up 6%), and security subscription revenues of $325 million (up 11%). GAAP operating income was $233 million (31% margin) and non-GAAP operating income was $302 million (41% margin), driving GAAP EPS of $2.81 (+22%) and non-GAAP EPS of $3.40 (+26%).

2. Full-Year 2025 Results

For the full year, calculated billings reached $2,906 million (+9%), total revenues were $2,725 million (+6%) and security subscription revenues hit $1,219 million (+10%). GAAP EPS was $9.62 (+29%) and non-GAAP EPS was $11.89 (+30%). Cash, marketable securities and short-term deposits climbed to $4,342 million, up from $2,784 million, following $1.8 billion net proceeds from a convertible notes offering; the company repurchased 6.8 million shares for $1.4 billion in 2025.

3. Strategic Acquisitions for Q1 2026

Check Point announced three acquisitions to expand its AI security and exposure management capabilities: Cyyata for end-to-end AI agent security, Cyclops to enhance its Cyber Asset Attack Surface Management offering, and Rotate to accelerate managed service provider platform growth, underpinning its Hybrid Mesh, Workspace and AI-driven security strategy.

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