NASDAQ$VRNS

Varonis Systems Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Varonis's Q4 2021 financial results were announced, showcasing significant growth.

Varonis announced strong Q4 2021 results, with total revenues growing 33% year-over-year to $126.6 million and annual recurring revenues reaching $387.1 million, a 35% increase year-over-year.

  • Total revenues increased by 33% year-over-year in Q4 2021, reaching $126.6 million.
  • Annual recurring revenues (ARR) grew to $387.1 million, a 35% increase year-over-year.
  • The company's technology is well-suited for today's market, driving the global need for the Varonis Data Security Platform.
  • Varonis is focused on protecting enterprise data and detecting cyberthreats through its Data Security Platform.

Headline financials

Total Revenue

$127M

Previous: $95.2M+33.0%
EPS (adj)

$0.16

Previous: $0.11+45.5%
Annual Recurring Revenue

$387M

Previous: $287M+35.0%
Capital Expenditures

$6.37M

Previous: $3.12M+104.5%
Free Cash Flow

-$6.03M

Previous: $4.54M-232.9%
Net Income

-$24.9M

Previous: -$19M-31.1%
Operating Income

-$17.8M

Previous: -$7.2M-147.7%
Gross Profit

$109M

Previous: $82.7M+32.0%
Cash & Equivalents

$806M

Previous: $234M+244.2%
Total Assets

$1.11B

Previous: $555M+99.6%
Stock-Based Comp

$38.1M

Previous: $19.4M+96.4%

Revenue & EPS history

Varonis · Revenue · Quarterly

$127M

Q4 2021+33%vs Q4 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Forward guidance

The company provided financial outlook for the first quarter and full year 2022, including ARR guidance. The company's guidance for non-GAAP operating income (loss) reflects the weakening of the U.S. dollar against the New Israeli Shekel, which the company has mitigated through its hedging program for 2022.

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 Q4 2021

Historical avgQ4 2021

-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

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