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Varonis Systems VRNS Q3 2025 earnings

Reported October 28, 2025 · After market close

Revenue$161.6MMiss by $4.9M
EPS$0.06Beat by $0.01
Revenue estimate$166.5M
EPS estimate$0.05

Next report

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

Financials

Q3 2025

Income statement

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Revenue$161.6M+9.1%
Gross profit$126.4M+1.9%
Operating income-$35.9M-52.0%
Net income-$29.9M-63.3%
EPS (diluted)-$0.26-62.5%

Balance sheet

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Cash & equivalents$157.4M-44.2%
Total debt$68.9M-77.5%
Total equity$604.8M+41.1%
Total assets$1.7B+9.5%

Cash flow

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Operating cash flow$33.4M+48.6%
CapEx$3.0M+142%
Free cash flow$30.4M+43.2%

Valuation & ratios

Valuation

as of 09/30/25
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Market cap$6.44B+1.9%
Enterprise value$6.35B+0.1%
P/S10.6×-1.0×

Profitability

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Gross margin80%-4.0pp
Operating margin-22%+3.6pp
Net margin-18.8%+5.6pp
FCF margin22%+4.3pp

Returns & leverage

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Return on equity-22.2%+4.1pp
Debt / equity0.1×-0.6×
Current ratio1.8×0.0×

Segments

By product

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SaaS$125.8M+118%
Term license subscriptions$24.8M-63.9%
Maintenance and services$10.9M-49.1%

By geography

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EMEA$31.3M+11.8%
Rest of the World$12.1M+149%

By segment

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Term License Subscriptions, SaaS Revenues and Maintenance and Services Fees$161.6M+9.1%

FAQ

When did Varonis Systems report Q3 2025 earnings?
Varonis Systems (VRNS) reported Q3 2025 earnings on October 28, 2025 after market close.
What were Varonis Systems's Q3 2025 revenue and EPS?
Varonis Systems reported revenue of $161.6M and eps of $0.06 for Q3 2025.
Did Varonis Systems beat estimates in Q3 2025?
Revenue missed the consensus estimate of $166.5M by $4.9M. EPS beat the consensus estimate of $0.05 by $0.01.
How did Varonis Systems's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 9.1% from $148.1M a year earlier and eps declined 40.0% from $0.10.
Where can I find Varonis Systems's Q3 2025 SEC filings?
You can read the 8-K earnings release (0001171843-25-006721) and the 10-Q periodic report (0001628280-25-047145) directly on SEC EDGAR. The filing index links above go to sec.gov.