VRNS at a glance
VARONIS SYSTEMS INC (VRNS, SEC CIK 1361113) filed its latest 10-K annual report on February 4, 2026, a 10-Q quarterly report on July 29, 2026, an 8-K current report on July 28, 2026 and Form 4 insider filings as recently as June 2, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), VARONIS SYSTEMS INC (VRNS) reported revenue of $623.5 million (up 13.2% from FY2024) and a net loss of $129.3 million. Diluted EPS was -$1.13.
- As of June 30, 2026, 32 institutional investment managers tracked by SignalX reported holding VARONIS SYSTEMS INC (VRNS) shares worth $1.9 billion in 13F-HR filings.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $623.5M
- +13.2% vs prior year
- Insiders · 90 days
- 0 buys · 0 sells
- No open-market trades
- 13F holders
- 32 funds
- $1.9B · +2 vs prior quarter
- Latest 8-K
- Jul 28, 2026
- Item 2.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business: Automated data security platform protecting enterprise data across cloud, SaaS, and on-premises environments
- New emphasis on SaaS delivery model with end-of-life for self-hosted products by Dec 31, 2026, accelerating cloud deployment and automation
- Introduction of Athena AI generative AI layer for enhanced security operations assistance and two acquisitions: Cyral (database monitoring), SlashNext (AI-based email security)
- Renewal rate over 90% in 2025, supporting strong customer retention amid strategic SaaS transition
- Unique focus on AI-driven data access risk (blast radius) and automated least privilege enforcement addressing novel AI adoption challenges
Risk Factors
- Regulatory risk from U.S. tax reform: Impact of the One Big Beautiful Bill Act (OBBBA) enacted July 4, 2025, affecting R&D expensing and foreign profit taxation
- Geopolitical exposure: 71% of revenues from U.S., 21% from EMEA, 8% from Rest of World, with international expansion risks including economic and political conditions
- Operational risk: Increased third-party hosting costs by $19.7M in 2025 due to SaaS delivery transition and increased customer success headcount for SaaS and MDDR support
- Competitive risk: Growing demand driven by generative AI tools integration and automated SaaS security, competing with AI-native email security firms like SlashNext (acquired 2025)
- Financial risk: Operating losses widened to $146.5M in 2025 with growing R&D expenses (+20.9%) and increased sales and marketing spend as SaaS revenues grow rapidly
Management Discussion & Analysis
- Net cash from operating activities increased to $147.4M in 2025 from $115.2M in 2024
- Investing cash use sharply reduced to $0.8M in 2025 vs $532.3M in 2024, driven by acquisition and capital expenditure during 2025
- Financing cash used $129.7M in 2025 mainly due to $115.0M stock repurchases, compared to $371.9M provided in 2024 from convertible notes issuance
- Share repurchase programs authorized $250M total in 2025, with $135M capacity remaining at year-end
- Management expects existing $921M liquidity plus cash flow sufficient for 12+ months operations; cautious on capital needs tied to growth and acquisitions
AI summary of the VRNS 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Revenue $180.0M, up 18.3% YoY from $152.2M
- SaaS revenue $171.7M, up 62.2% YoY; term licenses $4.2M, down 87.1%
- Gross margin 75.3% vs 79.5% YoY; operating margin -22.6% vs -24.0%
- Operating loss $40.6M vs $36.6M; net loss $46.8M vs $35.8M
- SaaS ARR $726.0M, up 52% YoY; self-hosted end-of-life expected December 31, 2026
Risk Factors
- Newly updated AI competition risk triggered by AllTrue.ai acquisition, adding direct exposure to AI security, governance, cloud security, and adjacent data-protection vendors
- Most materially updated privacy risk: UK Data (Use and Access) Act 2025 amended UK GDPR requirements, including automated decisions, cookies, regulator powers, and international transfers
- Regulatory compliance risk from evolving GDPR, CCPA, CPRA, and international privacy rules, creating potential fines, litigation, operational changes, and higher compliance costs
- Cloud-service operational risk from third-party provider outages, data loss, or breaches, potentially causing customer credits, refunds, indemnity obligations, and reputational damage
- Competitive market risk from increasing AI-driven applications and automation, intensifying demand for and competition across data-security solutions
AI summary of the VRNS 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 2.02: Results of Operations and Financial Condition
- Varonis announced Q2 fiscal 2026 results for the quarter ended June 30, 2026
- Full financial results are contained in Exhibit 99.1, requiring review for revenue, profitability, and outlook
Item 5.07: Submission of Matters to a Vote of Security Holders
- All four director nominees elected through the 2029 Annual Meeting, with 5.1–8.1 million withheld votes
- Executive compensation approved: 83.1 million for versus 8.0 million against
Item 5.02: Departure/Appointment of Directors or Principal Officers
- Stockholders approved 6,402,279 additional common shares for the 2023 Omnibus Equity Incentive Plan
- Expanded equity pool supports employee and executive compensation, but increases potential shareholder dilution
Item 2.02: Results of Operations and Financial Condition
- Varonis announced financial results for Q1 fiscal 2026, ended March 31, 2026
- Full results and management commentary available in Exhibit 99.1 press release
AI summaries of VRNS 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for VRNS
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- Fund moves. Which tracked funds opened, added or cut VRNS, by share count.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Gottlieb Dov | F | May 31, 2026 | 9,264 | $34.15 |
| Melamed Guy | F | May 22, 2026 | 104,440 | $23.10 |
| GAVIN JOHN J JR | A | Apr 30, 2026 | 7,224 | - |
| COMOLLI KEVIN E | A | Apr 30, 2026 | 7,224 | - |
| Kess Avrohom J. | A | Apr 30, 2026 | 7,224 | - |
| MENDOZA THOMAS F | A | Apr 30, 2026 | 7,224 | - |
| Aued Carlos | A | Apr 30, 2026 | 7,224 | - |
| VAN DEN BOSCH FRED | A | Apr 30, 2026 | 7,224 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $551.0M | $623.5M |
| Gross Profit | - | $457.1M | $491.6M |
| Operating Income | - | -$117.7M | -$146.5M |
| Net Income | - | -$95.8M | -$129.3M |
| Gross Margin | - | 83.0% | 78.8% |
| Op. Margin | - | -21.4% | -23.5% |
| Net Margin | - | -17.4% | -20.7% |
| Balance Sheet | |||
| Total Assets | $1.1B | $1.7B | $1.8B |
| Equity | - | $455.7M | $598.7M |
| ROE | - | -21.0% | -21.6% |
| Per Share | |||
| EPS | - | $-0.86 | $-1.13 |
| Cash Flow | |||
| Operating CF | - | $115.2M | $147.4M |
| CapEx | $5.1M | $6.7M | $12.6M |
Source: XBRL data in VARONIS SYSTEMS INC (VRNS)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate VRNS share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 32 | $1.88B |
| Q1 2026 | 30 | $941.8M |
| Q4 2025 | 27 | $1.41B |
| Q3 2025 | 28 | $2.58B |
| Q2 2025 | 28 | $2.41B |
| Q1 2025 | 26 | $1.44B |
| Q4 2024 | 22 | $1.29B |
| Q3 2024 | 20 | $717.2M |
- BlackRock+1.48M (+13%)
- Franklin Resources+1.21M (+3819%)
- AQR Capital Management+464.5K (+42%)
- JPMorgan Chase & Co+305.3K (+21%)
- FMR LLC (Fidelity)+167.4K (+15%)
- Citadel Advisors LLC−1.54M (-77%)
- Two Sigma Investments−1.02M (-47%)
- Goldman Sachs Group−311.2K (-14%)
- Morgan Stanley−280.1K (-24%)
- Raymond James Financial−275.3K (-72%)
- Millennium Management+775.3K
- Soros Fund Management+80.0K
- M&T Bank+4.8K
- Blackstone Group−63.4K
Source: 13F-HR filings on SEC EDGAR (aggregated from 213 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
VRNS filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
8-K current reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 10-Q | Jul 29, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Jul 28, 2026 | - | Analysis | - |
| 4 | Jun 2, 2026 | - | - | |
| 8-K | Jun 2, 2026 | - | Analysis | |
| 4 | May 22, 2026 | - | - | |
| 4 | May 1, 2026 | - | - | - |
| 4 | May 1, 2026 | - | - | - |
| 4 | May 1, 2026 | - | - | - |
| 4 | May 1, 2026 | - | - | - |
| 4 | May 1, 2026 | - | - | - |
| 4 | May 1, 2026 | - | - | - |
| 4 | May 1, 2026 | - | - | - |
| 4 | May 1, 2026 | - | - | - |
| 4 | May 1, 2026 | - | - | - |
| 4 | May 1, 2026 | - | - | - |
| SC 13G | Apr 30, 2026 | - | - | |
| SC 13G | Apr 29, 2026 | - | - | |
| 10-Q | Apr 29, 2026 | Mar 31, 2026 | Analysis | |
| 8-K | Apr 28, 2026 | - | Analysis | - |
| 4 | Mar 3, 2026 | - | - | - |
| 4 | Feb 10, 2026 | - | - | |
| 4 | Feb 10, 2026 | - | - | |
| 4 | Feb 10, 2026 | - | - | |
| 4 | Feb 10, 2026 | - | - | |
| 4 | Feb 10, 2026 | - | - |
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VRNS SEC filings: frequently asked questions
Which institutions hold VRNS stock?
As of June 30, 2026, the largest VARONIS SYSTEMS INC (VRNS) holders among the 13F filers tracked by SignalX were BlackRock ($536.6 million), Vanguard Portfolio Management LLC ($317.4 million), Vanguard Capital Management LLC ($209.2 million), State Street Corp ($128.5 million), Goldman Sachs Group ($79.3 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was VRNS's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), VARONIS SYSTEMS INC (VRNS) reported revenue of $623.5 million (up 13.2% from FY2024) and a net loss of $129.3 million. Diluted EPS was -$1.13. The figures come from the XBRL data in the 10-K.
What are the main risks in VRNS's latest 10-K?
In the 10-K filed February 4, 2026, VARONIS SYSTEMS INC (VRNS) flagged: Regulatory risk from U.S. tax reform: Impact of the One Big Beautiful Bill Act (OBBBA) enacted July 4, 2025, affecting R&D expensing and foreign profit taxation. Geopolitical exposure: 71% of revenues from U.S., 21% from EMEA, 8% from Rest of World, with international expansion risks including economic and political conditions. (AI summary of the Risk Factors section.)
What did VRNS report in its latest 8-K?
VARONIS SYSTEMS INC (VRNS) filed an 8-K on July 28, 2026 reporting Item 2.02 (Results of Operations and Financial Condition). Varonis announced Q2 fiscal 2026 results for the quarter ended June 30, 2026.
What are the latest VRNS SEC filings?
VARONIS SYSTEMS INC (VRNS) filed its latest 10-K annual report on February 4, 2026, a 10-Q quarterly report on July 29, 2026, an 8-K current report on July 28, 2026 and a Form 4 insider filing on June 2, 2026.
What is VRNS's SEC CIK number?
VARONIS SYSTEMS INC (VRNS)'s SEC Central Index Key (CIK) is 1361113. EDGAR lists every VRNS filing under that number.
Ask anything about VRNS
The research agent reads VRNS's filings, financials, insider trades and 13F holders, then answers with sources.