{"schema_version":"secwatch.filing_event.v1","accession":"0001171843-23-004808","form_type":"8-K","ticker":"VRNS","cik":"0001361113","company_name":"VARONIS SYSTEMS INC","filed_at":"2023-07-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.701935+00:00","generated_at":"2026-06-12T21:52:02.966455+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Varonis Q2 revenue $115.4M (+3.6% YoY); SaaS mix hits 58%, guides up full-year ARR/FCF","bullets":["Total revenue $115.4M vs $111.4M YoY; subscription revenue $91.1M (+8% YoY).","ARR grew 17% YoY; SaaS 58% of new/upsell ARR vs 35% guided; ~10% of total ARR now SaaS.","GAAP operating loss ($39.7M); non-GAAP operating income $0.9M (vs $1.7M YoY).","YTD cash from ops $42.6M (vs $10.1M YoY); YTD FCF $40.0M (vs $3.9M YoY).","Raised FY2023 guidance for ARR, SaaS mix, and free cash flow."],"urls":{"canonical":"https://secwatch.observer/filing/0001171843-23-004808","json":"https://secwatch.observer/filing/0001171843-23-004808.json","markdown":"https://secwatch.observer/filing/0001171843-23-004808.md","text":"https://secwatch.observer/filing/0001171843-23-004808.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1361113/000117184323004808/0001171843-23-004808-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1361113/000117184323004808/f8k_073123.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T21:52:02.966455+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"82e7616fe8018ee8074693e7a4b20efba4dd141f","claim":"VARONIS SYSTEMS INC reported the second quarter ended June 30, 2023 results: revenue $115.4 million. Guidance raised.","evidence_excerpt":"gives us the confidence to raise our guidance for full-year ARR, SaaS mix, and free cash flow.\" Financial Summary for the Second Quarter Ended June 30, 2023 Total revenues were $115.4 million, compared with $111.4 million in the second quarter of 2022. Subscription revenues were $91.1 million, compared with $84.4 million in the second quarter of 2022. Maintenance and","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1361113/000117184323004808/0001171843-23-004808-index.htm","confidence":0.98,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the second quarter ended June 30, 2023"},{"label":"Revenue","value":"$115.4 million"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}