Varonis Varonis reports Q3 adjusted EPS 6c , consensus 5c

Reports Q3 revenue $161.6M, consensus $166.2M. Annual recurring revenues, or ARR, was $718.6 million as of the end of the third quarter, up 18% year-over-year. As of September 30, 2025, the Company had $1.1 billion in cash and cash equivalents, short-term deposits and short-term and long-term marketable securities. Yaki Faitelson, Varonis (VRNS) CEO, said, “We continued to see healthy demand for our SaaS platform, which now represents 76% of total company ARR. This adoption is driven by the automated outcomes that it provides as well as customer interest in deploying AI initiatives and securing data in the cloud. At the same time, in the final weeks of the quarter, we experienced lower renewals in the Federal vertical and in our non-Federal on-prem subscription business, which led to a shortfall relative to our expectations.”