Varonis acquires SlashNext, updates FY2025 guidance for AI email security expansion

VARONIS SYSTEMS INC

Acquisition of SlashNext, an AI-native email security provider; financial terms not disclosed.
SlashNext founder Atif Mushtaq joins Varonis; SlashNext had 99% detection accuracy and 100% on BEC/QR code attacks in Tolly test.
Q3 2025 guidance: revenue $163-168M (+10-13% YoY), non-GAAP op income $1-4M, diluted EPS $0.04-0.06.
Full year 2025: ARR $748-754M (+17% YoY), revenue $616-628M, non-GAAP EPS $0.11-0.12; FCF $120-125M reaffirmed.

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