How did Cognyte Software (NASDAQ:CGNT) perform in Q1 FY27?

Cognyte Software reported 10.4% revenue growth year-over-year, reaching $105.5 million. GAAP operating income doubled to $4.4 million, and non-GAAP operating income rose 41.5% to $10.7 million, reflecting strong operational leverage from its security and analytics software platforms.

Is Cognyte profitable now?

On a GAAP basis, Cognyte still posted a net loss of $3 million, widening from $1 million in Q1 FY26. Non-GAAP operating income and EBITDA are positive, showing the core business remains profitable operationally, but foreign exchange losses affected the bottom line.

How did Cognyte's EBITDA change in Q1 FY27?

Adjusted EBITDA expanded 31.5% year-over-year to $13.6 million, up from $10.3 million. This growth outpaced revenue, highlighting improved efficiency and operating leverage.

What drove the GAAP net loss at Cognyte in Q1 FY27?

Management attributed the widened net loss primarily to foreign exchange losses, not weakening business fundamentals. Core operations remain profitable and growing.

How does Q1 FY27 compare to Q1 FY26 for Cognyte?

Revenue grew 10.4%, GAAP operating income doubled from $2.2M to $4.4M, non-GAAP operating income rose 41.5%, and adjusted EBITDA jumped 31.5%, showing strong operational improvement despite a slightly larger net loss.

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Cognyte operating profit rallies on resilient analytics software demand

Written by Brie CarterPublished Jun. 3 2026Last Updated Jun. 3 2026

Cognyte Software (NASDAQ:CGNT) delivered double-digit revenue growth and a sharp improvement in core operational profitability for the first quarter of fiscal 2027, capitalising on sustained global demand for its security and investigative analytics software platforms.

Total revenue for the three months ended April 30, 2026, rose 10.4% year over year to $105.5 million, up from the prior-year period.

The top-line growth translated into significant operating leverage for the company.

Cognyte's GAAP operating income doubled to $4.4 million for the quarter, compared to $2.2 million in the same period last year.

On a non-GAAP basis, which adjusts for stock-based compensation and non-recurring items, operating income climbed 41.5% to $10.7 million, representing an absolute increase of $3.1 million over the previous year's $7.6 million baseline.

Adjusted EBITDA also expanded significantly faster than revenue, climbing 31.5% year over year to $13.6 million from $10.3 million.

Unfavorable macroeconomic factors weighed on the company's bottom-line calculations.

Cognyte reported a GAAP net loss attributable to the company of $3 million, widening from a net loss of $1 million in the first quarter of the prior year.

Management noted that this net loss contraction was primarily driven by foreign exchange losses rather than an erosion in core business fundamentals.