---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-006530"
form_type: "8-K"
ticker: "VRNS"
cik: "0001361113"
company_name: "VARONIS SYSTEMS INC"
filed_at: "2023-10-30T23:59:59+00:00"
generated_at: "2026-06-09T05:42:48.146432+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Varonis Q3 revenue $122.3M; SaaS mix 59%; GAAP operating loss $29.1M

## Summary
- Total revenues $122.3M vs $123.3M YoY; subscription revenues $97.7M vs $96.1M.
- GAAP operating loss ($29.1M) vs ($25.6M); Non-GAAP operating income $4.9M vs $9.8M.
- Year-to-date cash from operations $49.0M (vs $8.4M); free cash flow $46.0M (vs $0.8M).
- SaaS mix of new business and upsell ARR hit 59% (guidance 45%); ~15% of total ARR is SaaS.

## SEC filing metadata
- accession: 0001171843-23-006530
- form_type: 8-K
- ticker: VRNS
- cik: 0001361113
- company_name: VARONIS SYSTEMS INC
- filed_at: 2023-10-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1361113/000117184323006530/0001171843-23-006530-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1361113/000117184323006530/f8k_103023.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-006530
- JSON: https://secwatch.observer/filing/0001171843-23-006530.json
- Plain text: https://secwatch.observer/filing/0001171843-23-006530.txt

## Key facts
- Earnings Releases
  VARONIS SYSTEMS INC reported third quarter ended September 30, 2023 results: revenue $122.3 million.
  - Period: third quarter ended September 30, 2023
  - Revenue: $122.3 million
  - Result: reported results
  source text: our ARR performance and cash flow generation and positions us for a strong fourth quarter." Financial Summary for the Third Quarter Ended September 30, 2023 Total revenues were $122.3 million, compared with $123.3 million in the third quarter of 2022. Subscription revenues were $97.7 million, compared with $96.1 million in the third quarter of 2022. Maintenance and
  evidence_url: https://www.sec.gov/Archives/edgar/data/1361113/000117184323006530/0001171843-23-006530-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.