CyberArk vs Delinea
Side-by-side comparison of AI visibility scores, market position, and capabilities
$1.001B revenue 2024 (record); Q2 2025 $328M (+46% YoY); $1.274B ARR Q2 2025 (+47% YoY); 10,000+ clients; $221M free cash flow 2024 (22% margin); acquired Zilla adding 125 customers; IAM market $15.93B 2022 to $41.52B 2030
About
CyberArk is a cybersecurity company founded in 1999 and headquartered in Newton, Massachusetts, with R&D operations in Petah Tikva, Israel, that created the privileged access management (PAM) category and remains its global leader. The company was founded by Udi Mokady and Alon Cohen on the insight that attackers who compromise privileged credentials — the administrative accounts that control infrastructure, databases, and applications — can cause catastrophic damage that perimeter security alone cannot prevent. CyberArk's mission is to secure the identities most at risk: the privileged human accounts and machine identities that represent the highest-value targets in any enterprise environment. The company trades on Nasdaq under the ticker CYBR.\n\nCyberArk's Identity Security Platform encompasses privileged access management, secrets management, endpoint privilege security, identity governance, and workforce and customer identity access management. Its PAM portfolio includes the CyberArk Privileged Access Manager (vault-based credential management), Conjur (secrets management for DevOps and cloud-native environments), Endpoint Privilege Manager, and the CyberArk Identity platform for workforce SSO and MFA. Following the 2024 acquisition of Venafi, CyberArk added machine identity management to its portfolio, extending its coverage to TLS certificates, code signing, and workload identities — the fastest-growing attack surface in modern enterprise environments.\n\nCyberArk reported $1.001 billion in revenue for 2024, becoming the first pure-play identity security company to cross the billion-dollar revenue threshold. In Q2 2025, the company reported $328 million in revenue (+46% YoY) and $1.274 billion in annual recurring revenue (+47% YoY), with 10,000+ clients globally. Its privileged access heritage, expanding identity security platform, and the Venafi machine identity acquisition position CyberArk as the broadest and fastest-growing platform in the identity security market — a category that has become central to enterprise cybersecurity strategy following high-profile credential-based breaches.
Delinea is a privileged access management platform delivering secrets management, privilege elevation, and session controls across cloud, on-premise, and hybrid environments.
About
Delinea is a privileged access management (PAM) company headquartered in Redwood City, California, formed in 2021 through the merger of Thycotic and Centrify — two established PAM vendors whose combination created one of the largest independent players in the privileged access security market. The merger was backed by TPG Capital and brought together Thycotic's Secret Server vault and cloud PAM capabilities with Centrify's identity-centric privileged access controls and zero trust architecture, creating a unified platform that addresses the full spectrum of PAM use cases: vaulting and rotating privileged credentials, enforcing just-in-time privilege elevation, recording and auditing privileged sessions, and managing machine and application secrets at scale.
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