CyberArk Software Ltd. to be Acquired by Palo Alto Networks

SEC Filing 6-K (0001104659-25-071959)

CyberArk Software Ltd. has entered into a definitive agreement to be acquired by Palo Alto Networks in a cash-and-stock transaction valued at approximately $25 billion. The acquisition will combine CyberArk's leadership in Identity Security with Palo Alto Networks' comprehensive AI-powered security platforms. The transaction is expected to close in the second half of Palo Alto Networks' fiscal 2026, subject to regulatory approvals and shareholder consent. Additionally, CyberArk announced strong second quarter 2025 results, with total revenue reaching $328 million and Annual Recurring Revenue (ARR) hitting $1.274 billion. The acquisition aims to accelerate Palo Alto Networks' platform strategy by establishing Identity Security as a new core platform, extending privileged identity protection to all identity types, including human, machine, and AI agents.