Cognyte Software Ltd. key statistics and ratios

In fiscal 2026, Cognyte Software Ltd. had return on equity of -0.3%, an operating margin of 3.3%, debt equal to 0.0% of equity and a current ratio of 1.33. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Cognyte Software Ltd.: financial ratios, annual
Fiscal year	2019Jan 2019	2020Jan 2020	2021Jan 2021	2022Jan 2022	2023Jan 2023	2024Jan 2024	2025Jan 2025	2026Jan 2026
Gross margin	59.2%	64.1%	70.1%	72.1%	61.6%	68.7%	70.4%	72.4%
Operating margin	4.3%	6.0%	4.1%	2.3%	−33.1%	−5.8%	−1.5%	3.3%
Net margin	2.0%	4.4%	3.2%	−3.1%	−36.6%	−5.0%	−3.4%	−0.2%
Free-cash-flow margin	10.1%	11.7%	12.9%	−1.9%	−14.5%	8.8%	10.3%	7.5%
Return on equity	1.8%	4.4%	4.0%	−5.5%	−47.6%	−7.9%	−6.1%	−0.3%
Return on assets	—	2.5%	2.0%	−2.3%	−20.6%	−3.4%	−2.5%	−0.1%
Asset turnover	—	0.57	0.62	0.73	0.56	0.68	0.72	0.79
Current ratio	—	1.83	1.17	1.31	1.30	1.39	1.30	1.33
Debt to equity	0.0%	0.0%	0.0%	35.1%	0.0%	0.0%	0.0%	0.0%
Interest cover (operating income ÷ interest)	37.5x	56.8x	98.8x	55.9x	n/m	n/m	n/m	68.4x
Effective tax rate	38.2%	8.6%	17.9%	—	—	—	—	59.3%
R&D as % of revenue	23.1%	24.3%	29.0%	30.2%	45.0%	34.2%	30.9%	30.6%
SG&A as % of revenue	31.7%	33.7%	36.7%	39.2%	49.5%	40.1%	40.9%	38.4%
Capital spending as % of revenue	2.3%	3.0%	3.2%	2.5%	2.7%	2.2%	3.0%	2.6%
Free cash flow ÷ net income	502.0%	264.9%	402.1%	—	—	—	—	—

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

3 of 3 checks passed · January 31, 2026

What it owns · $521m

Short-term assets $298mLonger-term assets $223m

What it owes, and who funded it · $499m

Short-term liabilities $224mLonger-term liabilities $68mShareholders' equity $207m

Short-term assets cover short-term liabilities $298m of assets due within a year against $224m of liabilities due within a year.
Short-term assets cover long-term liabilities $298m short-term assets against $68m of longer-dated liabilities.
More cash than debt Cash or debt not separately reported. Not assessable.
Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
Operating profit covers interest at least five times over Operating income of $13m against $194,000 of interest.

From Cognyte Software Ltd.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: High.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Cognyte Software Ltd.'s SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Cognyte Software Ltd.