earnings
confidence high
sentiment positive
materiality 0.75
Varonis Q2 revenue $152.2M (+17% YoY); raises FY ARR guidance, SaaS mix target 82%
VARONIS SYSTEMS INC
2025-Q2 EPS reported
-$0.64
revenue$288,586,000
- Total revenues $152.2M vs $130.3M YoY; SaaS revenues $105.9M ($44.8M YoY).
- Annual recurring revenue (ARR) grew 19% YoY; SaaS ARR ~69% of total ARR.
- GAAP operating loss ($36.6M); non-GAAP operating loss ($1.9M).
- Year-to-date cash from operations $89.3M vs $68.4M; free cash flow $82.7M vs $67.3M.
- Full-year ARR guidance raised; SaaS mix expectation increased to 82% from 80%.