Varonis Systems Inc

VRNS

Equity

ISIN null / Valor 22677089

NASDAQ (2025-11-14)

USD 33.69-1.84%

Varonis Systems Inc
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About company

Varonis Systems Inc. is a specialized technology company that focuses on cybersecurity and data protection solutions. With a history of innovation since its inception, Varonis has developed a comprehensive suite of software products aimed at safeguarding sensitive information from cyber threats and insider risks. The company's offerings encompass data security, governance, compliance, and analytics, designed to protect enterprise data across physical, virtual, and cloud environments. Under the leadership of key executives such as Rob Sobers, Sagiv Elmaleh, and Dov Lerner, Varonis has positioned itself as a leader in the cybersecurity space. Sobers, as the Chief Marketing Officer, drives the global marketing strategy and brand development, while Elmaleh, with his extensive engineering background, spearheads the technological vision and execution of Varonis' core products and services. Dov Lerner, joining as General Counsel, brings a wealth of legal expertise, particularly in corporate governance and securities laws, further strengthening the company's operational and strategic framework. Through its focused approach on data protection and cybersecurity, Varonis Systems Inc. addresses the critical needs of businesses in an increasingly digital and threat-prone landscape.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

Total revenues for Q1 2025 reached $136.4 million, up from $114.0 million in the same quarter last year, reflecting a robust increase driven by the expansion of Varonis's SaaS offerings.

SaaS Annual Recurring Revenue

Annual recurring revenues (ARR) grew by 19% year-over-year to $664.3 million. SaaS ARR accounted for approximately 61% of total ARR, highlighting the successful transition to a software-as-a-service model.

Enhanced Cash Flow

Year-to-date cash from operations increased to $68.0 million from $56.7 million last year, while free cash flow rose to $65.3 million compared to $56.4 million in the prior year period, underscoring Varonis's strong cash generation capabilities.

Operational Efficiency

GAAP operating loss narrowed to ($43.8) million in Q1 2025 from ($47.6) million in Q1 2024. Non-GAAP operating loss also improved to ($6.5) million, down from ($10.6) million year-over-year, reflecting better operational leverage.

Strategic Initiatives

Varonis repurchased 1.5 million shares for a total of $61.3 million and acquired Cyral to enhance its Data Security Platform. Additionally, the company launched Varonis for Agentforce and expanded its data centers in India to support its growing customer base.

Summarized from source with an LLMView Source

Key figures

-35.5%1Y

62.5%3Y

-15.2%5Y

Performance

32.9%1Y

44.6%3Y

48.4%5Y

Volatility