Quality Investor

Cognyte Software Ltd.

Rank #64Startup

CGNT · Nasdaq · Technology

Cognyte Software Ltd. (CGNT) — Rank #64 by gross profitability (GP/assets 0.56) · ROE -0.3% · Piotroski F-Score 6 / 9.

As-of 2026-09-15 · CIK 0001824814 · all metrics point-in-time as of the filing date.

About

Cognyte Software Ltd., a software-driven technology company, focuses on investigative analytics solutions worldwide.

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The company offers network intelligence analytics, threat intelligence analytics, decision intelligence analytics, and operational intelligence analytics solutions. It also offers software products, including subscription or perpetual licenses and appliances that include software that is essential to the product's functionality; software services, such as support and cloud-based SaaS subscriptions; and professional services and others comprising installation and integration services, customer specific development work, resale of third-party hardware, and consulting and training services. In addition, the company provides customer support, professional, and integration services. It serves governments agencies, including national, regional, and local government agencies. Cognyte Software Ltd.

was incorporated in 2020 and is headquartered in Herzliya, Israel.

Industry
Software - Infrastructure
Sector
Technology
State
L3
Filer Category
Accelerated filer
Fiscal Year End
January 31

Price History

CGNT-71.0% · -21.9% CAGRSPY+80.5% · +12.5% CAGR

Company Snapshot

P/S is the primary valuation lens for pre-profit companies.

Market Cap

$622.88M

P/E (annual)

P/S (annual)

1.6

P/B

3.0

P/OCF (annual)

15.4

Shareholder Yield

-1.6%

Employees

1,710

Industry

Software - Infrastructure

Exchange

Nasdaq

Signal Flags

1 green
Revenue growth acceleratingGrowth rate increasing year over year

Quality Profile

Profitability

1/1 pass
GP / assets
0.56
Return on equity
-0.3%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
1.28
Current ratio
1.33×
Net cash
$116.88M

Cash Flow

3/3 pass
Positive FCF
PASS
Cash-backed earnings
PASS
Accruals healthy
PASS
SBC / revenue
5.3%

Growth

2/2 pass
Revenue growth
14.1%
Piotroski F-Score
6 / 9
Share dilution
1.6%

Terry Smith quality gate

Passes 1/5 Terry Smith thresholds

2 of 5 thresholds not computable from filed data.

What Growth Is Priced In

Implied revenue growth (10Y)

8.1%

incredible deal

The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).

Dilution drag: 1.6% — per-share value needs a total required return of 9.6% once share-count change is priced in.

vs. own 6-year median revenue growth: 3.7%

priced above its own history

Cost-of-equity sensitivity (implied growth at different discount rates)

r = 8%

3.7%

r = 10% (base)

8.1%

r = 12%

11.8%

Net debt / market cap: -19.0%

Base FCF: $29.9M3Y mean FCF: $31.2M

Valuation History

Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.

P / E

Price / diluted EPS

N/A
85.4xmed 120.4x203.7x

P / S

Price / revenue per share

1.5xFair
0.9xmed 1.8x4.0x

P / B

Price / book value per share

3.0xFair
1.4xmed 3.3x6.8x

P / GP

Price / gross profit per share

2.1xFair
1.4xmed 2.6x6.8x

P / FCF

Price / free cash flow per share

20.6xFair
18.5xmed 25.5x39.8x

Burn rate (cash flow) is the primary read at this stage — TAM and product-market fit aren't metrics this dashboard tracks.

Profitability

Gross profitability (GP / assets)

0.56

Primary signal (Novy-Marx).

84th pctl of 38 SIC 7372 peers

Return on equity

-0.3%

Gross margin

72.4%

57th pctl of 38 SIC 7372 peers

Revenue growth (YoY)

14.1%

RPO growth (YoY)

2.1%

Remaining performance obligations growth — RPO > revenue = forward demand building.

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2023202420252026
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

8.6%

Revenue CAGR (5Y)

-2.0%

Earnings CAGR (3Y)

FCF CAGR (3Y)

Anti-fragile safety

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

1.28

16th pctl of 33 SIC 7372 peers (best = lowest)

Current ratio

1.33×

19th pctl of 38 SIC 7372 peers

Quick ratio

1.07×

Net cash

$116.88M

Cash & equivalents minus total debt.

Cash-flow health

Free cash flow

$29.93M

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF / net income

47.92

Cash-backing of earnings.

FCF/NI divergence

Unfavorable divergence (yellow flag).

PASS

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

5.3%

Stock-based comp intensity.

Piotroski F-Score

F-Score

6 / 9

Fundamental-strength score (0-9).

Lifecycle Phase History

20212026
Value
Startup
Decline