---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-24-000594"
form_type: "8-K"
ticker: "VRNS"
cik: "0001361113"
company_name: "VARONIS SYSTEMS INC"
filed_at: "2024-02-05T23:59:59+00:00"
generated_at: "2026-06-06T09:00:59.473719+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Varonis Q4 revenue up 8% YoY to $154.1M; SaaS ARR hits ~23% of total ARR

## Summary
- Q4 total revenue $154.1M (+8% YoY); subscription revenue $129.2M (+11% YoY).
- GAAP operating loss improved to ($5.2M) from ($10.0M) in Q4'22; non-GAAP op income $27.2M.
- FY 2023 cash from operations $59.4M vs $11.9M; free cash flow $54.3M vs $0.5M.
- SaaS ARR now ~23% of total ARR; management targets full SaaS transition by end of 2026, a year earlier.
- Q4 SaaS mix 66% vs guidance of 60%, driven by strong demand and customer conversions.

## SEC filing metadata
- accession: 0001171843-24-000594
- form_type: 8-K
- ticker: VRNS
- cik: 0001361113
- company_name: VARONIS SYSTEMS INC
- filed_at: 2024-02-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1361113/000117184324000594/0001171843-24-000594-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1361113/000117184324000594/f8k_020524.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-24-000594
- JSON: https://secwatch.observer/filing/0001171843-24-000594.json
- Plain text: https://secwatch.observer/filing/0001171843-24-000594.txt

## Key facts
- Earnings Releases
  VARONIS SYSTEMS INC reported financial results for the fourth quarter and full year ended December 31, 2023.
  - Period: the fourth quarter and full year ended December 31, 2023
  - Result: reported results
  source text: On February 5, 2024, Varonis Systems, Inc. issued a press release announcing its financial results for the fourth quarter and full year ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1361113/000117184324000594/0001171843-24-000594-index.htm

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