---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-24-002573"
form_type: "8-K"
ticker: "VRNS"
cik: "0001361113"
company_name: "VARONIS SYSTEMS INC"
filed_at: "2024-05-06T23:59:59+00:00"
generated_at: "2026-06-02T21:52:12.584396+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Varonis Q1 revenue $114M (+6% YoY); SaaS ARR hits 30% of total ARR

## Summary
- Total ARR grew 17% YoY; SaaS ARR now 30% of total ARR, up from ~2% in Q1 2023.
- GAAP operating loss widened to $47.6M from $43.1M; non-GAAP op loss $10.6M vs $4.3M.
- Year-to-date cash from operations $56.7M vs $36.8M; free cash flow $56.4M vs $35.7M.
- SaaS revenue surged to $34.0M from $2.1M; term license subscription fell to $56.0M from $80.9M.

## SEC filing metadata
- accession: 0001171843-24-002573
- form_type: 8-K
- ticker: VRNS
- cik: 0001361113
- company_name: VARONIS SYSTEMS INC
- filed_at: 2024-05-06T23:59:59+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/1361113/000117184324002573/0001171843-24-002573-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1361113/000117184324002573/f8k_050624.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-24-002573
- JSON: https://secwatch.observer/filing/0001171843-24-002573.json
- Plain text: https://secwatch.observer/filing/0001171843-24-002573.txt

## Key facts
- Earnings Releases
  VARONIS SYSTEMS INC reported first quarter ended March 31, 2024 results: revenue Total revenues were $114.0 million.
  - Period: first quarter ended March 31, 2024
  - Revenue: Total revenues were $114.0 million
  - Result: reported results
  source text: Total revenues were $114.0 million, compared with $107.3 million in the first quarter of 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1361113/000117184324002573/0001171843-24-002573-index.htm

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