NASDAQ$VRNS
Varonis Systems Inc · Q2 2025 earnings
Q2 2025 earnings · · After market close · Investor relations
Briefing
Varonis reported Q2 2025 total revenues of $152.2 million, up 17% year-over-year, driven by strong SaaS growth amid its delivery model transition.
Varonis Systems delivered Q2 2025 results with total revenues reaching $152.2 million, reflecting a 17% increase from the prior year despite accounting shifts from the SaaS transition. SaaS revenues surged 137% to $105.9 million, now comprising 70% of ARR, while term license and maintenance revenues declined as expected. The company reported a net loss of $35.8 million and continued its focus on high renewal rates above 90% and international expansion.
- Total revenues grew 17% YoY to $152.2 million, with SaaS contributing $105.9 million (up 137%).
- ARR reached $693.2 million, up 19% YoY, with SaaS representing approximately 69% of total ARR.
- Operating loss widened to $36.6 million and net loss to $35.8 million ($0.32 per share) as the company invests in the SaaS transition.
- Renewal rates remained above 90%, supported by strong customer satisfaction and MDDR adoption.
Headline financials
Revenue & EPS history
Varonis · Revenue · Quarterly
$152M
Revenue by segment
Varonis · $152M total across 3 segments · Q2 2025
- SaaS$106M—69.6%
- Term license subscriptions$32.4M—21.3%
- Maintenance and services$13.9M—9.1%
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports
-0.4%
Avg return
Earnings day
-0.2%
Avg return
5 days after
+2.1%
Avg return
30 days after
60%
29 / 48 earnings
Positive
+19.0%
Q3 2014
Best reaction
-48.7%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2025 | — | — | — | |
| Q1 2026 | +0.7% | +7.8% | +34.3% | |
| Q4 2025 | -10.8% | -3.5% | -8.1% | |
| Q3 2025 | -48.7% | -42.7% | -47.5% | |
| Q1 2025 | +2.3% | +3.5% | +14.4% | |
| Q4 2024 | -7.4% | -8.2% | -13.0% | |
| Q3 2024 | -8.5% | -10.7% | -13.6% | |
| Q2 2024 | +14.7% | +6.9% | +16.8% | |
| Q1 2024 | +2.8% | +1.7% | -2.1% | |
| Q4 2023 | +7.0% | +14.5% | +9.6% | |
| Q3 2023 | +6.8% | +9.1% | +31.6% | |
| Q2 2023 | +13.8% | +6.3% | +13.7% | |
| Q1 2023 | +0.4% | -0.6% | +13.5% | |
| Q4 2022 | +8.0% | +4.0% | +1.9% | |
| Q3 2022 | -36.0% | -40.7% | -21.3% | |
| Q2 2022 | +9.5% | +17.8% | +7.6% | |
| Q1 2022 | -11.2% | -20.1% | -24.8% | |
| Q4 2021 | +4.3% | +8.2% | +11.0% | |
| Q3 2021 | -3.6% | -3.9% | -22.5% | |
| Q2 2021 | -3.6% | -4.9% | +13.4% | |
| Q1 2021 | -4.4% | -9.9% | -9.3% | |
| Q4 2020 | +6.2% | +13.0% | -10.9% | |
| Q3 2020 | -1.4% | -7.0% | -4.0% | |
| Q2 2020 | +7.4% | +9.1% | +13.9% | |
| Q1 2020 | +11.4% | +15.3% | +33.9% | |
| Q4 2019 | -1.0% | +3.0% | -23.3% | |
| Q3 2019 | +14.0% | +13.8% | +24.5% | |
| Q2 2019 | +0.1% | -0.1% | -6.8% | |
| Q1 2019 | +4.7% | +6.9% | -6.6% | |
| Q4 2018 | -12.0% | -13.2% | -3.7% | |
| Q3 2018 | -5.7% | -1.4% | -7.2% | |
| Q2 2018 | -21.2% | -17.7% | -4.9% | |
| Q1 2018 | +4.7% | +7.9% | +20.1% | |
| Q4 2017 | +3.3% | +7.4% | +11.0% | |
| Q3 2017 | +13.1% | +7.2% | +21.6% | |
| Q2 2017 | +3.0% | -0.3% | +3.5% | |
| Q1 2017 | +10.1% | +9.5% | +13.9% | |
| Q4 2016 | -7.4% | -9.1% | -11.6% | |
| Q3 2016 | +2.0% | +3.9% | -3.7% | |
| Q2 2016 | +6.3% | +8.9% | +17.0% | |
| Q1 2016 | +8.9% | — | — | |
| Q4 2015 | +16.4% | — | — | |
| Q3 2015 | -0.9% | — | — | |
| Q2 2015 | +11.0% | — | — | |
| Q1 2015 | -26.9% | — | — | |
| Q4 2014 | -18.6% | — | — | |
| Q3 2014 | +19.0% | — | — | |
| Q2 2014 | +7.8% | — | — | |
| Q1 2014 | -10.5% | — | — | |
| Q3 2013 | — | — | — | |
| Q2 2013 | — | — | — | |
| Q1 2013 | — | — | — | |
| Q4 2012 | — | — | — | |
| Q3 2012 | — | — | — |
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