VERINT SYSTEMS INC SEC 10-Q Report

Verint Systems Inc., a global leader in actionable intelligence solutions, has released its Form 10-Q report for the third quarter. The report provides a detailed overview of the company's financial performance and operational highlights, reflecting the challenges and strategic moves in the current fiscal period.

Financial Highlights

Total Revenue: $208.0 million, reflecting a slight decrease from $210.2 million in the same period last year, primarily due to a decline in nonrecurring professional services and other revenue.

Gross Profit: $140.6 million, a decrease from $145.4 million in the prior year, driven by increased costs in recurring revenue and amortization of acquired technology.

Operating Income: $3.3 million, down from $13.9 million in the previous year, impacted by higher research and development expenses and selling, general, and administrative costs.

Net (Loss) Income: $(1.4) million, compared to a net income of $5.7 million last year, influenced by increased operating expenses and other expenses.

Net (Loss) Income Per Common Share: $(0.09), a decrease from $0.02 in the prior year, reflecting the overall decline in net income attributable to Verint Systems Inc.

Business Highlights

Revenue Segments: The company derives its revenue primarily from recurring and nonrecurring sources. Recurring revenue includes Software as a Service (SaaS) and support services, while nonrecurring revenue comes from perpetual licenses and professional services.

Geographical Performance: Verint serves a global customer base, including more than 80 of the Fortune 100 companies.

Future Outlook: The company is expected to be acquired by Thoma Bravo in an all-cash transaction valued at approximately $2 billion, with the merger anticipated to close before the end of the current fiscal year, subject to customary closing conditions.

SEC Filing: VERINT SYSTEMS INC [ VRNT ] - 10-Q - Sep. 02, 2025