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Varonis Systems VRNS Q2 2025 earnings

Reported July 29, 2025 · After market close

Revenue$152.2MMiss by $11.4M
EPS$0.03Beat by $0.02
Revenue estimate$163.6M
EPS estimate$0.01

Next report

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

Financials

Q2 2025

Income statement

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Revenue$152.2M+16.7%
Gross profit$120.9M+12.1%
Operating income-$36.6M-26.8%
Net income-$35.8M-49.6%
EPS (diluted)-$0.32-52.4%

Balance sheet

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Cash & equivalents$199.2M+28.2%
Total debt$302.4M+445%
Total equity$341.5M-25.5%
Total assets$1.6B+47.5%

Cash flow

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Operating cash flow$21.3M+82.1%
CapEx$3.4M+312%
Free cash flow$18.0M+64.8%

Valuation & ratios

Valuation

as of 06/30/25
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Market cap$5.61B+6.3%
Enterprise value$5.71B+10.3%
P/S9.4×-0.7×

Profitability

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Gross margin81.5%-3.1pp
Operating margin-20.4%-0.8pp
Net margin-17.3%+0.3pp
FCF margin21%+5.3pp

Returns & leverage

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Return on equity-25.7%+14.0pp
Debt / equity0.9×+0.8×
Current ratio1.4×-1.1×

Segments

By product

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SaaS$105.9M+136%
Term license subscriptions$32.4M-48.4%
Maintenance and services$13.9M-39.1%

By geography

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EMEA$31.8M+9.2%
Rest of the World$11.8M+106%

By segment

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Term License Subscriptions, SaaS Revenues and Maintenance and Services Fees$152.2M+16.7%

FAQ

When did Varonis Systems report Q2 2025 earnings?
Varonis Systems (VRNS) reported Q2 2025 earnings on July 29, 2025 after market close.
What were Varonis Systems's Q2 2025 revenue and EPS?
Varonis Systems reported revenue of $152.2M and eps of $0.03 for Q2 2025.
Did Varonis Systems beat estimates in Q2 2025?
Revenue missed the consensus estimate of $163.6M by $11.4M. EPS beat the consensus estimate of $0.01 by $0.02.
How did Varonis Systems's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 16.7% from $130.3M a year earlier and eps declined 40.0% from $0.05.
Where can I find Varonis Systems's Q2 2025 SEC filings?
You can read the 8-K earnings release (0001171843-25-004781) and the 10-Q periodic report (0001628280-25-036728) directly on SEC EDGAR. The filing index links above go to sec.gov.