secwatch.observer — SEC 8-K summary
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Issuer:     VARONIS SYSTEMS INC (VRNS)
CIK:        0001361113
Form:       8-K
Filed at:   2024-10-29T23:59:59+00:00
Accession:  0001171843-24-005856
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Varonis reports Q3 2024: ARR up 18% YoY; SaaS now 43% of total ARR; operating income improves
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- ARR grew 18% YoY; SaaS ARR reached ~43% of total ARR, reflecting continued platform adoption.
- Total revenues $148.1M (+21% YoY vs $122.3M); SaaS revenues $57.8M vs $13.7M a year ago.
- GAAP operating loss narrowed to $23.6M from $29.1M; Non-GAAP operating income was $9.1M ($4.9M).
- YTD cash from operations nearly doubled to $90.9M (prior $49.0M); YTD FCF $88.6M vs $46.0M.
- Term license subscription revenues declined to $68.8M from $84.0M; maintenance & services $21.5M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1361113/000117184324005856/0001171843-24-005856-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1361113/000117184324005856/f8k_102924.htm
  HTML page:      https://secwatch.observer/filing/0001171843-24-005856

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