secwatch.observer — SEC 8-K summary
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Issuer:     VARONIS SYSTEMS INC (VRNS)
CIK:        0001361113
Form:       8-K
Filed at:   2025-10-28T23:59:59+00:00
Accession:  0001171843-25-006721
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1361113/000117184325006721/0001171843-25-006721-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1361113/000117184325006721/f8k_102825.htm
  HTML page:      https://secwatch.observer/filing/0001171843-25-006721

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