---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-25-006721"
form_type: "8-K"
ticker: "VRNS"
cik: "0001361113"
company_name: "VARONIS SYSTEMS INC"
filed_at: "2025-10-28T23:59:59+00:00"
generated_at: "2026-05-17T01:54:03.082968+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Varonis Q3 rev $161.6M (+9% YoY); GAAP op loss $35.9M; cites Federal/on-prem shortfall

## Summary
- Total revenue $161.6M (Q3 2024: $148.1M); SaaS revenue $125.8M vs $57.8M, up 118%.
- GAAP operating loss widened to $35.9M from $23.6M; non-GAAP op income $0.2M vs $9.1M.
- Annual recurring revenue (ARR) grew 18% YoY; SaaS ARR now 76% of total ARR.
- Year-to-date cash from operations $122.7M vs $90.9M; FCF $111.6M vs $88.6M.
- Board authorized $150M share repurchase; CEO noted lower renewals in Federal vertical and non-Federal on-prem subscription.

## SEC filing metadata
- accession: 0001171843-25-006721
- form_type: 8-K
- ticker: VRNS
- cik: 0001361113
- company_name: VARONIS SYSTEMS INC
- filed_at: 2025-10-28T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1361113/000117184325006721/0001171843-25-006721-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1361113/000117184325006721/f8k_102825.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-25-006721
- JSON: https://secwatch.observer/filing/0001171843-25-006721.json
- Plain text: https://secwatch.observer/filing/0001171843-25-006721.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.