Highest-materiality recent filing
Varonis Q2 SaaS ARR ex-conversions up 25% YoY; raises FY SaaS ARR guidance to $769-775M
Total revenues $180.0M vs $152.2M YoY; SaaS revenues $171.7M (up 62% YoY).
Varonis stockholders approve 6.4M share increase in 2023 equity plan at annual meeting
Four directors reelected: Faitelson, Mendoza, Kess, Korkus with majorities ~84M-86M votes.
Varonis Q1 revenue $173.1M (+27% YoY); SaaS ARR ex-conversions +29%; guides FY higher
Total revenue $173.1M vs $136.4M YoY; SaaS revenue $161.1M (+82%).
Varonis Q4 rev $173.4M (+9% YoY); SaaS ARR $638.5M, 86% of total ARR
Total Q4 revenue $173.4M vs $158.5M; SaaS revenue $142.3M (+97% YoY) from $72.2M.
Varonis Q3 rev $161.6M (+9% YoY); GAAP op loss $35.9M; cites Federal/on-prem shortfall
Total revenue $161.6M (Q3 2024: $148.1M); SaaS revenue $125.8M vs $57.8M, up 118%.
Varonis acquires SlashNext, updates FY2025 guidance for AI email security expansion
Acquisition of SlashNext, an AI-native email security provider; financial terms not disclosed.
Varonis Q2 revenue $152.2M (+17% YoY); raises FY ARR guidance, SaaS mix target 82%
Total revenues $152.2M vs $130.3M YoY; SaaS revenues $105.9M ($44.8M YoY).
Varonis stockholders approve 2025 ESPP and 1.88M share increase under 2023 equity plan
Four director nominees elected: Carlos Aued, Kevin Comolli, John J. Gavin Jr., Fred van den Bosch.
Varonis Q1 revenues $136.4M (+20% YoY); SaaS ARR 61% of total; FY ARR guidance raised
Total revenues $136.4M vs $114.0M YoY; SaaS rev $88.6M up from $34.0M.
Varonis elects physical settlement for 1.250% convertible notes due 2025
On Feb 14, 2025, Varonis notified trustee and holders it changed default settlement method to Physical Settlement.
Varonis Q4 SaaS ARR reaches 53% of total ARR; full-year free cash flow doubles to $108.5M
Total 2024 revenue $551.0M (+10% YoY); SaaS revenue $208.8M (up from $44.4M).
Varonis reports Q3 2024: ARR up 18% YoY; SaaS now 43% of total ARR; operating income improves
ARR grew 18% YoY; SaaS ARR reached ~43% of total ARR, reflecting continued platform adoption.
Varonis issues $460M of 1.00% convertible notes due 2029; net proceeds $449.6M
$460M aggregate principal of 1.00% Convertible Senior Notes due Sept 2029; initial conversion price $67.83 per share.
Varonis Q2 revenue $130.3M (+13% YoY); SaaS ARR 36% of total; raises FY guidance
Total revenues $130.3M vs $115.4M YoY; SaaS revenues $44.8M vs $5.7M YoY.
Varonis shareholders elect directors, ratify auditor, approve equity plan at 2024 meeting
All director nominees elected: Gili Iohan (78.6M for), Rachel Prishkolnik (93.9M for), Ofer Segev (92.8M for), with broker non-votes of ~4.8M each.
Varonis Q1 revenue $114M (+6% YoY); SaaS ARR hits 30% of total ARR
Total ARR grew 17% YoY; SaaS ARR now 30% of total ARR, up from ~2% in Q1 2023.
Varonis appoints James O'Boyle Vice Chairman - Sales; Greg Pomeroy SVP Worldwide Sales
James O'Boyle appointed Vice Chairman - Sales, responsible for strategic customer accounts, partnerships, and channel development.
Varonis Q4 revenue up 8% YoY to $154.1M; SaaS ARR hits ~23% of total ARR
Q4 total revenue $154.1M (+8% YoY); subscription revenue $129.2M (+11% YoY).
Varonis Q3 revenue $122.3M; SaaS mix 59%; GAAP operating loss $29.1M
Total revenues $122.3M vs $123.3M YoY; subscription revenues $97.7M vs $96.1M.
Varonis Q2 revenue $115.4M (+3.6% YoY); SaaS mix hits 58%, guides up full-year ARR/FCF
Total revenue $115.4M vs $111.4M YoY; subscription revenue $91.1M (+8% YoY).
Varonis stockholders elect all four director nominees and approve 2023 equity plan at annual meeting
Yakov Faitelson, Avrohom J. Kess, Ohad Korkus, and Thomas Mendoza each elected with >82M votes for.
Varonis Q1 revenue up 12% to $107.3M; SaaS mix beats guidance, raises FY outlook
Total revenue $107.3M (+12% YoY); subscription revenue $83.0M vs $69.0M in Q1 2022.
Varonis reaffirms Q1 and FY 2023 guidance at Investor Day
Reaffirms Q1 2023 revenue of $106-$108M (10-12% YoY growth) and non-GAAP net loss per share ($0.05)-($0.04).
Varonis Q4 revenue $142.6M (+13% YoY), ARR up 20% YoY
Q4 total revenues $142.6M (+13% YoY); subscription revenue $116.7M (+20% YoY).
Total revenue $123.3M (+23% YoY); subscription revenue $96.1M (+37% YoY).
Varonis Q2 revenue $111.4M (+26% YoY), ARR $426.3M (+30% YoY); raises op income guidance
Revenue $111.4M (+26% YoY); subscription revenue $84.4M (+44%); ARR $426.3M (+30% YoY).
Four director nominees elected: Carlos Aued (88.7M for), Kevin Comolli (81.7M), John J. Gavin Jr. (85.0M), Fred van den Bosch (86.8M).
Varonis Q1 ARR grows 32% to $404.5M, revenue +29% to $96.3M; GAAP loss widens to $48.1M
Annual recurring revenue $404.5M, up 32% YoY; subscription revenue $69.0M (+53%).
Varonis Q4 revenue up 33% to $126.6M; ARR grows 35% to $387.1M
Total Q4 revenue $126.6M (+33% YoY); subscription revenue $96.0M (+53% YoY).
Varonis expands board to 11, elects Carlos Aued and Avrohom J. Kess as directors
Board size increased from 9 to 11; Aued (Class II) and Kess (Class III) elected effective Jan 19, 2022.
Varonis Q3 2021 revenue exceeds $100M for first time, up 31% YoY
Total revenue $100.4M (+31% YoY); subscription revenue $70.0M (+59% YoY).
Varonis Q2 revenue up 33% to $88.4M; ARR reaches $328.2M
Total revenue $88.4M (+33% YoY); subscription revenue $58.1M (+70% YoY).
Greg Pomeroy, the current Vice President of Sales - North America, was appointed as Senior Vice President - Worldwide Sales
James O'Boyle was appointed as Vice Chairman - Sales
On January 19, 2022, the Board of Directors (the “Board”) of Varonis Systems, Inc. (the “Company”) increased the number of directors on the Board from 9 to 11 and elected Carlos Aued as a Class II director and Avrohom J. Kess as a Class III director to serve until their respective successor is elected and has qualified .
On January 19, 2022, the Board of Directors (the “Board”) of Varonis Systems, Inc. (the “Company”) increased the number of directors on the Board from 9 to 11 and elected Carlos Aued as a Class II director and Avrohom J. Kess as a Class III director to serve until their respective successor is elected and has qualified .
Max materiality 0.80 · Median 0.70 · Most common event earnings