secwatch.observer — SEC 8-K summary
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Issuer:     VARONIS SYSTEMS INC (VRNS)
CIK:        0001361113
Form:       8-K
Filed at:   2022-05-02T23:59:59+00:00
Accession:  0001171843-22-003059
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Varonis Q1 ARR grows 32% to $404.5M, revenue +29% to $96.3M; GAAP loss widens to $48.1M
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- Annual recurring revenue $404.5M, up 32% YoY; subscription revenue $69.0M (+53%).
- Total revenue $96.3M (+29%); GAAP operating loss ($48.1M) vs ($34.1M) in Q1 2021.
- Non-GAAP operating loss ($7.9M) vs ($6.3M); Russia write-off created $3M ARR headwind.
- Full-year 2022 revenue and ARR guidance reaffirmed despite expected $4-5M Russia impact.
- Record quarterly operating cash flow achieved in Q1 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1361113/000117184322003059/0001171843-22-003059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1361113/000117184322003059/f8k_050222.htm
  HTML page:      https://secwatch.observer/filing/0001171843-22-003059

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer