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Varonis Systems VRNS Q1 2025 earnings

Reported May 6, 2025 · After market close

Revenue$136.4MMiss by $11.4M
EPS-$0.31Miss by $0.26
Revenue estimate$147.8M
EPS estimate-$0.05

Next report

Oct 27, 2026 (In 3 weeks)
Revenue estimate$186.8M
EPS estimate$0.03

Financials

Q1 2025

Income statement

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Revenue$136.4M+19.6%
Gross profit$107.4M+15.9%
Operating income-$43.8M+8.1%
Net income-$35.8M+11.6%
EPS (diluted)-$0.32+13.5%

Balance sheet

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Cash & equivalents$153.1M+4.1%
Total debt$302.3M+420%
Total equity$367.7M-18.7%
Total assets$1.6B+49.7%

Cash flow

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Operating cash flow$68.0M+19.9%
CapEx$2.3M+688%
Free cash flow$65.7M+16.4%

Valuation & ratios

Valuation

as of 03/31/25
See full
Market cap$4.55B-12.3%
Enterprise value$4.7B-7.8%
P/S7.9×-2.3×

Profitability

See full
Gross margin82.3%-2.8pp
Operating margin-19.8%-3.0pp
Net margin-15.9%-2.9pp
FCF margin20.5%+5.7pp

Returns & leverage

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Return on equity-22.2%+0.1pp
Debt / equity0.8×+0.7×
Current ratio1.2×-1.2×

Segments

By product

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SaaS$88.6M+161%
Term license subscriptions$31.5M-43.8%
Maintenance and services$16.4M-31.9%

By geography

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EMEA$28.4M+17.6%
Rest of the World$12.4M+234%

By segment

See full
Term License Subscriptions, SaaS Revenues and Maintenance and Services Fees$136.4M+19.6%

FAQ

When did Varonis Systems report Q1 2025 earnings?
Varonis Systems (VRNS) reported Q1 2025 earnings on May 6, 2025 after market close.
What were Varonis Systems's Q1 2025 revenue and EPS?
Varonis Systems reported revenue of $136.4M and eps of $-0.31 for Q1 2025.
Did Varonis Systems beat estimates in Q1 2025?
Revenue missed the consensus estimate of $147.8M by $11.4M. EPS missed the consensus estimate of $-0.05 by $0.26.
How did Varonis Systems's Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 19.6% from $114.0M a year earlier and eps declined 933.3% from $-0.03.
Where can I find Varonis Systems's Q1 2025 SEC filings?
You can read the 8-K earnings release (0001171843-25-002821) and the 10-Q periodic report (0001628280-25-023196) directly on SEC EDGAR. The filing index links above go to sec.gov.