Check Point Software Technologies Ltd.

What they do

Check Point develops and sells cybersecurity products and services, including network security gateways, cloud security, and threat prevention, delivered both as products and as subscription services. It sells predominantly through a channel of distributors, resellers and managed security service providers, supported by its own sales force. The company is incorporated in Israel with principal executive offices in Tel Aviv and is listed on the NASDAQ Global Select Market under the symbol CHKP. Its financial statements are prepared under U.S. GAAP and audited by Kost Forer Gabbay & Kasierer, a member of Ernst & Young Global.

Revenue drivers

• Security subscriptions and support — Recurring revenue from security subscriptions, software updates and technical support attached to its installed base; the company's filings describe subscription and support revenue as a component of total revenue, but the excerpts provided do not break out its dollar size.
• Products and licenses — Sales of security gateways, appliances and software licenses, transacted largely through distributors, resellers and channel partners; no product-level revenue split is given in the excerpts provided.
• Cloud and AI-related security offerings — The filing's forward-looking statements reference products incorporating AI and cloud security as areas of investment and expected demand, but no separate revenue figure for these lines is provided.

Recent performance

Revenue rose each year from $2.17B in 2021 to $2.73B in 2025. Net income was $815.6M in 2021, $796.9M in 2022, $840.3M in 2023, $845.7M in 2024 and $1.06B in 2025. Diluted EPS increased from $6.08 in 2021 to $9.62 in 2025. Operating cash flow was $1.20B in 2021, $1.10B in 2022, $1.04B in 2023, $1.05B in 2024 and $1.20B in 2025. At December 31, 2025, total assets were $7.81B, total liabilities $4.92B, shareholder equity $2.88B and cash and equivalents $1.80B.

Strategy

The company's stated forward-looking priorities include scaling and adapting its technology and infrastructure to current and future market demands. It says it intends to develop or acquire new, more technologically advanced products, including products incorporating AI, and to commercialize them successfully. It also cites maintaining or increasing market share, protecting its proprietary technology and intellectual property, and protecting its IT systems, networks and products from security threats. The filing references expectations regarding company leadership transition and continued share repurchases and dividend payments, and it flags evolving export/import controls and U.S. tax regulations as factors affecting the business.

Risks

• Competition, including from AI solutions — The company cites increased competition in its market, including from artificial intelligence solutions, as a risk to its business.
• Geopolitical and regional conflict — The filing specifically references the war between Israel, the U.S. and Iran and ongoing hostilities between Israel and Hezbollah, Hamas and Yemen as factors that could affect the business, alongside the military action against Ukraine launched by Russia.
• Convertible notes obligations — The company flags its ability to repay indebtedness, including repurchasing outstanding convertible notes when required or paying cash upon conversion, and the impact of those notes on financial results.
• Macroeconomic and supply chain conditions — The company cites uncertain macro-economic and industry trends, such as inflation and fluctuations in supply chains, which may impact demand for and supply of its products.

Outlook

Management's forward-looking statements cover expectations for the business and the markets it sells into, future revenue amounts and sources, and future costs and expenses. The company also states expectations about providing security for all organizations, about share repurchases and dividend payments, and about the adequacy of its capital resources. It does not provide specific numerical guidance in the excerpts provided, and it disclaims any obligation to update forward-looking statements except as required by law.