Varonis Systems Inc

VRNS: XNAS (USA)

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Varonis Earnings: Strong Execution on Cloud Transition Bodes Well for Sales; FVE Up to $47 From $39

Malik Ahmed Khan

Jul 30, 2025

Varonis reported second-quarter revenue of $152 million, up 17% year over year, with adjusted margins of negative 1%, down 280 basis points. The firm's transition to cloud remains on track, with SaaS making up 69% of the firm's annual recurring revenue, up from 36% a year ago and 61% last quarter.

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Varonis Systems Inc

Varonis Earnings: Strong Execution on Cloud Transition Bodes Well for Sales; FVE Up to $47 From $39

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