Varonis Systems, Inc.
32.34-30.66 (-48.7%)
Oct 29, 4:00:00 PM EDT · NasdaqGS · VRNS · USD
Key Stats
Market Cap
3.62BP/E (TTM)
-Basic EPS (TTM)
-1.02Dividend Yield
0%Recent Filings
8-K
8-K
Varonis acquires SlashNext for AI email security
Varonis Systems announced its acquisition of AI-native email security provider SlashNext on September 2, 2025, to bolster defenses against phishing and social engineering attacks across email and collaboration tools. This move extends Varonis's data breach prevention into inboxes, connecting email, identity, and data for consolidated threat detection. The acquisition expands the total addressable market. Updated Q3 2025 guidance projects revenues of $163.0 million to $168.0 million, up 10% to 13% year-over-year, while reiterating full-year free cash flow of $120.0 million to $125.0 million. Integration risks could impact performance.
10-Q
Q2 FY2025 results
Varonis pushed SaaS revenues up 137% year-over-year to $105.9M in Q2 FY2025 ended June 30, 2025, driving total revenues 17% higher to $152.2M despite a 48% drop in term license subscriptions from customer conversions; gross margin dipped to 79.5% from 82.8% amid higher hosting costs. Operating loss widened to $36.6M from $28.8M, with net loss at $35.8M or $(0.32) per diluted share on 112.1M shares, while YTD figures show 18% revenue growth to $288.6M and net loss of $71.6M or $(0.64) per share, reconciled consistently. Cash from operations hit $89.3M YTD, yielding $83.7M free cash flow (derived) after $5.7M capex, bolstering $199.2M cash and $807.4M short-term investments against $711.3M convertible notes due 2025/2029. The March 2025 Cyral acquisition for $25.5M cash added $16.6M goodwill and $6.0M intangibles amortized over 9 years, enhancing database security. Yet competition in data security heats up, pressuring margins.
8-K
Varonis Q2 revenues surge 17%
Varonis Systems reported Q2 2025 revenues of $152.2 million, up 17% year-over-year, driven by surging SaaS revenues of $105.9 million—more than double last year's—while term licenses and maintenance dipped as customers shifted to SaaS, now comprising 69% of $693.2 million ARR, up 19%. Cash generation strengthened, with year-to-date free cash flow hitting $82.7 million versus $67.3 million prior. SaaS transition accelerates growth. The company raised full-year ARR guidance to $748–754 million and eyes 82% SaaS mix, though foreign exchange risks loom.
8-K
Stockholders approve equity plans
Varonis Systems stockholders approved the 2025 Employee Stock Purchase Plan and an additional 1,880,000 shares under the 2023 Omnibus Equity Incentive Plan at the June 5, 2025 annual meeting. These moves bolster equity incentives for employees amid strong support for director elections and executive pay. Shareholder approval signals confidence. Yet dilution risks linger from expanded share pool.
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