Inferra AI / Company / VRNS
Varonis Systems Inc.
VRNS · Information Technology
Last earnings Oct 15, 2026
Key results
RevenueQ3 2025
18%
htm PRESS RELEASE EdgarFiling EXHIBIT 99.1 Varonis Announces Third Quarter 2025 Financial Results Annual recurring revenues increased 18% year-over-year SaaS ARR as a percentage of total ARR was approximately 76% Year-to-date cash from operations generated $122.7 million vs.
SEC original ↗Varonis Systems Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025
Revenueytd
76%
htm PRESS RELEASE EdgarFiling EXHIBIT 99.1 Varonis Announces Third Quarter 2025 Financial Results Annual recurring revenues increased 18% year-over-year SaaS ARR as a percentage of total ARR was approximately 76% Year-to-date cash from operations generated $122.7 million vs.
SEC original ↗Varonis Systems Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025
Year-to-date free cash flowytd
$90.9 million
$90.9 million last year Year-to-date free cash flow generated $111.6 million vs.
SEC original ↗Varonis Systems Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025
Total revenuequarter
$161.6 million
Financial Summary for the Third Quarter Ended September 30, 2025 Total revenues were $161.6 million, compared with $148.1 million in the third quarter of 2024.
SEC original ↗Varonis Systems Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025
SaaS revenuequarter
$125.8 million
SaaS revenues were $125.8 million, compared with $57.8 million in the third quarter of 2024.
SEC original ↗Varonis Systems Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025
Revenuequarter
$24.8 million
Term license subscription revenues were $24.8 million, compared with $68.8 million in the third quarter of 2024, with the vast majority of the decline driven by customers converting to our SaaS platform.
SEC original ↗Varonis Systems Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025
Maintenance and services revenues were $10.9 million, compared with $21.5 million in the third quarter of 2024, with the vast majority of the decline driven by customers converting to our SaaS platform.
SEC original ↗Varonis Systems Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025
Non-GAAP operating incomequarter
$0.2 million
Non-GAAP operating income was $0.2 million, compared to non-GAAP operating income of $9.1 million in the third quarter of 2024.
SEC original ↗Varonis Systems Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025
Growthquarter
up 18%
" Key Performance Indicators and Recent Business Highlights Annual recurring revenues, or ARR, was $718.6 million as of the end of the third quarter, up 18% year-over-year.
SEC original ↗Varonis Systems Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025
Research and developmentquarter
$2,358 thousand
Research and development 2,358 4,053
SEC original ↗Varonis Systems Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025
AI analysis
Q3 2025 · reported Oct 28, 2025
Based on: Earnings release + parent 8-K — transcript not held
The quarter in charts
Headline figures
| Metric | Q3 2025 | Prior qtr | Year ago |
|---|---|---|---|
| Revenue | 18% | — | — |
| Total revenue | $161.6 million | — | $148.1 million |
| SaaS revenue | $125.8 million | — | $57.8 million |
| Non-GAAP operating income | $0.2 million | — | — |
| Growth | up 18% | — | — |
| Research and development | $2,358 thousand | — | — |
Guidance · company-stated
Direction: Lowered
“" Financial Outlook We are reducing our full-year ARR guidance to account for the underperformance of our on-prem subscription business in the final weeks of the third quarter.”
Classified from the release's primary full-year outlook statement.
Cash flow & capex
Capital allocation
$88.6 million last year Company announces $150.0 million share repurchase authorization MIAMI, Oct.
Announces share repurchase program authorization allowing repurchases of up to $150.0 million expected to be completed over the next 12 months.
Event summary
$88.6 million last year Company announces $150.0 million share repurchase authorization
Based on: Earnings release + parent 8-K — transcript not held
Guidance & outlook
Direction: Lowered
Company outlook — Lowered (“reducing”)
“" Financial Outlook We are reducing our full-year ARR guidance to account for the underperformance of our on-prem subscription business in the final weeks of the third quarter.”
Classified from the release's primary full-year outlook statement.
Capital allocation
$88.6 million last year Company announces $150.0 million share repurchase authorization MIAMI, Oct.
SEC original ↗Varonis Systems Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025
Announces share repurchase program authorization allowing repurchases of up to $150.0 million expected to be completed over the next 12 months.
SEC original ↗Varonis Systems Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025
Non-GAAP net income (loss) is calculated as net income (loss) excluding (i) stock-based compensation expense, (ii) payroll tax expense related to stock-based compensation, (iii) amortization of acquired intangible assets and acquisition-related expenses, (iv) foreign exchange gains (losses) which include exchange rate differences on lease contracts as a result of the implementation of ASC 842, (v) amortization of debt issuance costs and (vi) acquisition-related taxes.
SEC original ↗Varonis Systems Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025
dollars, which may vary from period to period; Amortization of debt issuance costs, which relate to the Company s convertible senior notes issued in 2020 and 2024, are a non-cash item; and Acquisition-related taxes are unrelated to current operations and neither are comparable to the prior period nor predictive of future results.
SEC original ↗Varonis Systems Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025
Finally, the amortization of debt issuance costs are expected recurring expenses until the maturity of the convertible senior notes in 2029.
SEC original ↗Varonis Systems Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025
Strategy & priorities
This adoption is driven by the automated outcomes that it provides as well as customer interest in deploying AI initiatives and securing data in the cloud.
SEC original ↗Varonis Systems Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025
We believe that free cash flow is a useful indicator of liquidity that provides information to management and investors about the amount of cash provided by or used in our operations that, after the investments in property and equipment and capitalized internal-use software, can be used for strategic initiatives.
SEC original ↗Varonis Systems Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025
Risks & headwinds
As these are forward-looking statements, such reconciliation is not available without unreasonable effort due to the high variability, complexity, uncertainty and difficulty of estimating certain items such as stock-based compensation and currency fluctuations, which have an impact on our consolidated results.
SEC original ↗Varonis Systems Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025
These statements are not guarantees of future performance but are based on management's expectations as of the date of this press release and assumptions that are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict.
SEC original ↗Varonis Systems Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements.
SEC original ↗Varonis Systems Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
33 documents- Q3 2026
- 8-KVRNS
Oct 15, 2026
- Q2 2026
- 10-QVRNS
Jul 29, 2026
- 8-KVRNS
Jul 28, 2026
- EX-99VRNS
Jul 28, 2026
- Q1 2026
- 8-KVRNS
Jun 2, 2026
- 10-QVRNS
Apr 29, 2026
- 8-KVRNS
Apr 28, 2026
- EX-99VRNS
Apr 28, 2026
- Q4 2025
- 10-KVRNS
Feb 4, 2026
- 8-KVRNS
Feb 3, 2026
- Q3 2025
- 10-QVRNS
Oct 29, 2025
- 8-KVRNS
Oct 28, 2025
- EX-99VRNS
Oct 28, 2025
- Q2 2025
- 8-KVRNS
Sep 2, 2025
- 10-QVRNS
Jul 30, 2025
- 8-KVRNS
Jul 29, 2025
- Q1 2025
- 8-KVRNS
Jun 6, 2025
- 10-QVRNS
May 7, 2025
- 8-KVRNS
May 6, 2025
- Q4 2024
- 8-KVRNS
Feb 14, 2025
- 10-KVRNS
Feb 6, 2025
- 8-KVRNS
Feb 4, 2025
- Q3 2024
- 10-QVRNS
Oct 31, 2024
- 8-KVRNS
Oct 29, 2024
- Q2 2024
- 8-KVRNS
Sep 10, 2024
- 10-QVRNS
Jul 30, 2024
- 8-KVRNS
Jul 29, 2024
- Q1 2024
- 8-KVRNS
Jun 5, 2024
- 10-QVRNS
May 7, 2024
- 8-KVRNS
May 6, 2024
- Q4 2023
- 8-KVRNS
Feb 26, 2024
- 10-KVRNS
Feb 6, 2024
- 8-KVRNS
Feb 5, 2024
Earnings releases
10 documentsPresentations
0 documentsNo presentations for Varonis Systems Inc. are held in this edition of the library.
Transcripts
0 documentsNo transcripts for Varonis Systems Inc. are held in this edition of the library.
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