Varonis Systems Inc

VRNS

Equity

ISIN null / Valor 22677089

NASDAQ (2026-09-08)

USD 45.46-1.37%

Varonis Systems Inc
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

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

Quarter and full-year revenue

Q4 2025 total revenue was $173.4M (up from $158.5M a year ago). Full-year 2025 revenue was $623.5M, up from $551.0M in 2024.

SaaS revenue surge

Q4 SaaS revenue was $142.3M (vs. $72.2M in Q4 2024). Full-year SaaS revenue was $462.6M (vs. $208.8M in 2024), reflecting the company’s shift to cloud-delivered offerings.

ARR and SaaS mix

ARR at 12/31/2025 was $745.4M, up 16% YoY. SaaS ARR was $638.5M (≈86% of total ARR), up 88% YoY or up 32% YoY excluding conversions from self‑hosted customers.

Profitability (GAAP vs non‑GAAP)

Q4 GAAP operating loss was ($30.3M) vs. ($17.6M) a year ago; Q4 non‑GAAP operating income was $4.6M (vs. $15.3M). Full‑year GAAP operating loss was ($146.5M) vs. ($117.7M); full‑year non‑GAAP operating loss was ($3.6M) vs. non‑GAAP operating income $15.9M in 2024. Q4 GAAP net loss was ($27.8M), EPS ($0.24); FY net loss ($129.3M), EPS ($1.13).

Cash, investments and balance sheet

As of December 31, 2025 the company had roughly $1.1B in cash, cash equivalents, short‑term deposits and marketable securities (cash and cash equivalents $202.5M; marketable securities $681.2M short‑term + $187.2M long‑term reported). Convertible notes remain on the balance sheet.

Operating cash flow and free cash flow

For the twelve months ended 12/31/2025, cash from operations was $147.4M (vs. $115.2M prior year) and free cash flow was $131.9M (vs. $108.5M prior year).

Customer conversions and mix shift

Management said approximately one‑third of remaining self‑hosted customers were converted to SaaS in the quarter, contributing materially to SaaS ARR growth and the decline in term license and maintenance revenue categories.

Outlook and other corporate actions

Q1 2026 guidance: revenue $164.0–$166.0M, SaaS ARR growth 27–28% YoY excluding conversions, non‑GAAP operating loss ($11)–($10)M. Full‑year 2026 guidance: revenue $722–$730M, SaaS ARR $805–$840M (26–32% YoY), free cash flow $100–$105M, and non‑GAAP operating income $0–$4M. Company also agreed to acquire AllTrue.ai and announced product integrations (AWS Security Hub, Microsoft Purview DSPM).

Summarized from source with an LLMView Source

Key figures

-21.0%1Y

48.8%3Y

-36.1%5Y

Performance

85.0%1Y

56.1%3Y

58.5%5Y

Volatility