NASDAQ$VRNS

Varonis Systems Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Varonis announced early availability of its Data Security Platform as a SaaS offering and reported a 26% year-over-year growth in annual recurring revenues.

Varonis Systems, Inc. announced the early availability of the Varonis Data Security Platform as a SaaS delivery model. ARR grew 26% year-over-year and total revenues grew 23% year-over-year. The company is adjusting its full year guidance to reflect near-term headwinds from macroeconomic uncertainty and continued foreign currency weakness.

  • Varonis announced the early availability of the Varonis Data Security Platform as a SaaS delivery model.
  • Annual recurring revenues grew 26% year-over-year.
  • Total revenues grew 23% year-over-year.
  • Company announces $100.0 million share repurchase authorization.

Headline financials

Total Revenue

$123M

Previous: $100M+22.9%
EPS (adj)

$0.05

Previous: $0.05+0.0%
Annual Recurring Revenue

$0.00

Previous: $354M-100.0%
Capital Expenditures

-$7.63M

Previous: -$4.12M-85.3%
Free Cash Flow

-$36.4M

Previous: -$27.4M-32.5%
Net Income

-$28.7M

Previous: -$23.3M-23.2%
Operating Income

-$25.6M

Previous: -$18.6M-37.9%
Gross Profit

$106M

Previous: $86M+23.4%
Cash & Equivalents

$754M

Previous: $803M-6.1%
Total Assets

$1.06B

Previous: $1.06B+0.0%
Stock-Based Comp

$34.3M

Previous: $24.4M+40.4%

Revenue & EPS history

Varonis · Revenue · Quarterly

$123M

Q3 2022+22.9%vs Q3 2021
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Forward guidance

The Company is adjusting its previous full-year outlook to reflect near-term headwinds from macroeconomic uncertainty and continued foreign currency weakness.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2022

Historical avgQ3 2022

-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

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro