Varonis Q4 SaaS ARR reaches 53% of total ARR; full-year free cash flow doubles to $108.5M

VARONIS SYSTEMS INC

2024-FY EPS reported -$0.86 revenue$550,950,000

Total 2024 revenue $551.0M (+10% YoY); SaaS revenue $208.8M (up from $44.4M).
SaaS ARR now 53% of total ARR; ARR from new customers up ~50% YoY.
Full-year GAAP operating loss $117.7M (vs $117.2M), non-GAAP operating income $15.9M (vs $28.7M).
Year-to-date cash from operations $115.2M (vs $59.4M); free cash flow $108.5M (vs $54.3M).
Q4 total revenues $158.5M (+3% YoY); SaaS revenues $72.2M (up from $23.0M).

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