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September 9, 2026 Quarter-End July 31, 2026 Business Update NASDAQ: CGNT | Confidential and proprietary information of Cognyte. Growing and strengthening the business
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Disclaimers Forward Looking Statements This presentation contains "forward-looking statements, " including statements regarding expectations, predictions, views, opportunities, plans, strategies, beliefs, and statements of similar effect relating to Cognyte Software Ltd. These forward-looking statements are not guarantees of future performance and they are based on management's expectations that involve a number of known and unknown risks, uncertainties, assumptions, and other important factors, any of which could cause our actual results to differ materially from those expressed in or implied by the forward-looking statements. The forward-looking statements contained in this presentation are made as of the date of this presentation and, except as required by law, Cognyte assumes no obligation to update or revise them, or to provide reasons why actual results may differ. For a more detailed discussion of how these and other risks, uncertainties, and assumptions could cause Cognyte’s actual results to differ materially from those indicated in its forward-looking statements, see Cognyte’s filings with the Securities and Exchange Commission. Non-GAAP Financial Measures This presentation includes financial measures which are not prepared in accordance with generally accepted accounting principles (“GAAP”), including certain constant currency measures. For a description of these non-GAAP financial measures, including the reasons management uses each measure, and reconciliations of these non-GAAP financial measures to the most directly comparable financial measures prepared in accordance with GAAP , please see the appendices to this presentation as well as the GAAP to non-GAAP reconciliation found under the Investor Relations tab on Cognyte’s website Cognyte.com. | Confidential and proprietary information of Cognyte.2
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Strong performance Software and recurring revenue both grew meaningfully faster than total revenue, and profitability expanded significantly faster than revenue. 3 | Confidential and proprietary information of Cognyte. Non-GAAP Gross Margin 74% Revenue $109M 12% YoY 21% YoY Total Software Revenue $101M 154 bps YoY GAAP Gross margin for Q2 FYE27 was 72.9% GAAP Operating income for Q2 FYE27 was $4.7M GAAP Net income for Q2 FYE27 was $5.1M Recurring Revenue $56M Non-GAAP Operating Income $12M 18% YoY 50% YoY
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AI they can explain, on sovereign infrastructure A strong fit for fragmented, data-intensive, time-sensitive environments Data growth & complexity → More than any team of analysts can review Control → Their data, their systems, running where they decide Trusted AI → Embedded in the workflow, governed and accountable, never a black box Fragmented environments → Data & capabilities spread across disconnected systems | Confidential and proprietary information of Cognyte.4
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Growth strategy is working | Confidential and proprietary information of Cognyte. Momentum is broad and global. Additional significant agreements signed Expected deals in the US this year New customers in H1 vs 31 last year 40 $20M Post Q2 5
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6 Strong customer engagement | Confidential and proprietary information of Cognyte. Referrals, deployments and market reputation Peer validation Customers engage as they shape future plans Strategic access Customer priorities inform where Cognyte invests Innovation Trust supports growth as missions evolve Expansion NATIA | Columbus, USA ISS World | Prague CYBERSEC | Portugal AOC Europe | Finland Reputation is key Agencies rely on what their peers have already deployed.
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Scaling the commercial organization Expand Grow with existing customers United States Build on the momentum in our priority market Win Add new agencies across geographies Adam Philpott Joined as Chief Revenue Officer to lead our global commercial organization, bringing deep experience building and scaling revenue teams. | Confidential and proprietary information of Cognyte.7 Strong customer momentum and a healthy demand environment present a significant opportunity.
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8 A stronger company | Confidential and proprietary information of Cognyte. Growth Software and recurring revenue growing faster than company Customers Strong global customer base 40 new logos in H1 Profitability Expanding significantly faster than revenue The market Moving toward the capabilities we have built for years $500M Revenue ~20% Adjusted EBITDA Margin FYE28
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© 2026 Cognyte Ltd. All Rights Reserved. Proprietary & Confidential Financial Summary
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92.3% Software mix of Q2 revenue 51.4% Recurring mix of Q2 revenue A higher-quality, more scalable financial model → Mix shift toward software and recurring revenue supports more durable growth 20.9% YoY Total Software Revenue 18.4% YoY Recurring Revenue © 2026 Cognyte Ltd. All Rights Reserved. Proprietary & Confidential
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© 2026 Cognyte Ltd. All Rights Reserved. Proprietary & Confidential Revenue of $109.2 million 12.0% YoY Software Revenue of $100.8M or 92.3% of total revenue 20.9% YoY Recurring Revenue of $56.2M or 51.4% of total revenue 18.4% YoY GAAP operating income of $4.7 million 69.7% YoY Non-GAAP operating income of $12.2 million 52.5% YoY Adjusted EBITDA of $14.9 million 35.7% YoY Q2 FYE27 highlights GAAP Net income for Q2 FYE27 was $5.1M compared to GAAP Net income of $2.7M last year $97.5 $100.7 $106.2 $105.5 $109.2 Q2 FYE26 Q3 FYE26 Q4 FYE26 Q1 FYE27 Q2 FYE 27 Revenue 4.4× Non-GAAP operating income grew more than four times as fast as revenue
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© 2026 Cognyte Ltd. All Rights Reserved. Proprietary & Confidential H1 FYE27 highlights $167.1 $193.1 $214.7 FYE 25 FYE26 FYE27 H1 Revenue 4.2× Non-GAAP operating income grew more than four times as fast as revenue Revenue of $214.7 million 11.2% YoY Total Software Revenue of $198.1M 19.8% YoY Recurring Revenue of $108.1M 14.2% YoY GAAP operating income of $9.1 million 85.1% YoY Non-GAAP operating income of $22.9 million 47.2% YoY
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Consistent strong execution driving results GAAP Gross profit for Q2 FYE27 was $79.6M, Q1 FYE27 was $76.3M, Q4 FYE26 was $78.7M, Q3 FYE26 was $73.0M and Q2 FYE26 was $69.8M. GAAP Operating income for Q2 FYE27 was $4.7M, Q1 FYE27 was $4.4M, Q4 FYE26 was $5.2M, Q3 FYE26 was $3.2M and Q2 FYE26 was $2.7M. GAAP Net income (loss) for Q2 FYE27 was $5.1M, Q1 FYE27 was $(2.0)M, Q4 FYE26 was $5.1M, Q3 FYE26 was $(3.4)M and Q2 FYE26 was $2.7M. $83.3 $88.7 $95.2 $97.3 $100.8 Q2 FYE26 Q3 FYE26 Q4 FYE26 Q1 FYE27 Q2 FYE27 Software Revenue $70.3 $73.6 $79.4 $76.9 $80.5 Q2 FYE26 Q3 FYE26 Q4 FYE26 Q1 FYE27 Q2 FYE27 Non-GAAP Gross Profit $11.0 $11.9 $15.0 $13.6 $14.9 Q2 FYE26 Q3FYE26 Q4 FYE26 Q1 FYE27 Q2 FYE27 Adjusted EBITDA $47.4 $47.5 $50.0 $51.9 $56.2 Q2 FYE26 Q3 FYE26 Q4 FYE26 Q1 FYE27 Q2 FYE27 Recurring Revenue
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© 2026 Cognyte Ltd. All Rights Reserved. Proprietary & Confidential $102.2M Cash quarter-end $0 Debt no debt $1.1M Q2 operating cash flow vs. $(6.3)M last year Capital allocation priorities Invest organically Strategic M&A Share repurchases A strong balance sheet provides significant flexibility © 2026 Cognyte Ltd. All Rights Reserved. Proprietary & Confidential
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$448M Revenue ±2% | ~12% YoY 73.5% Non-GAAP gross margin +50 bps YoY $56M Non-GAAP op. income >50% YoY growth $68M Adjusted EBITDA ~40% YoY growth $0.47 Non-GAAP EPS FYE27 outlook: higher quality revenue Revenue range narrowed around an unchanged midpoint © 2026 Cognyte Ltd. All Rights Reserved. Proprietary & Confidential
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16 © 2026 Cognyte Ltd. All Rights Reserved. Proprietary & Confidential FYE27 annual guidance (ending Jan 2027) ~$500M ~20% FYE28 Targets (ending Jan 2028) Revenue Adjusted EBITDA margin $350.6 $400.0 $448.0 FYE25 FYE26 FYE27* $29.1 $48.2 $68.0 FYE25 FYE26 FYE27 *Plus or minus 2% Revenue Adjusted EBITDA GAAP Operating income (loss) for FYE26 was $13.3M, FYE25 was $(5.1)M. GAAP Net income (loss) for FYE26 was $4.6M, FYE25 was $(7.2)M. ~12% ~40%
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cognyte.com © 2026 Cognyte Ltd. All Rights Reserved. Proprietary & Confidential Thank you
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Appendix