VRNS VARONIS SYSTEMS INC

FY2025 10-K
Filed: Feb 4, 2026
Information Technology
Services-Prepackaged SoftwareSEC EDGAR

VARONIS SYSTEMS INC (VRNS) filed its fiscal year 2025 10-K annual report with the SEC on Feb 4, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.

AI Filing Analysis
FY2025 10-K

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
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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
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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
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Financial Summary
XBRL

Revenue

$624M

Net Income

-$129M

Gross Margin

78.8%

Operating Margin

-23.5%

Net Margin

-20.7%

ROE

-21.6%

Total Assets

$1.8B

EPS (Diluted)

$-1.13

Operating Cash Flow

$147M

Source: XBRL data from VARONIS SYSTEMS INC FY2025 10-K filing on SEC EDGAR. All figures in USD.

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