secwatch.observer — SEC 8-K summary
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Issuer:     VARONIS SYSTEMS INC (VRNS)
CIK:        0001361113
Form:       8-K
Filed at:   2025-02-04T23:59:59+00:00
Accession:  0001171843-25-000613
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1361113/000117184325000613/0001171843-25-000613-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1361113/000117184325000613/f8k_020425.htm
  HTML page:      https://secwatch.observer/filing/0001171843-25-000613

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