VARONIS SYSTEMS INC — Form 8-K
Filed July 28, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 68/100
What the filing says
Varonis reported Q2 2026 SaaS ARR of $726.0 million, up 52% year-over-year (25% excluding conversions). Total revenues reached $180.0 million vs. $152.2 million in Q2 2025; SaaS revenues grew to $171.7 million from $105.9 million. The company raised full-year 2026 guidance: SaaS ARR expected $819.0–$850.0 million (28–33% growth) vs. prior $814.0–$825.0 million; free cash flow guidance raised to $105.0–$110.0 million. GAAP operating loss was ($40.6) million; non-GAAP operating income turned positive at $3.7 million. Cash position: $911.5 million (cash, deposits, securities combined).
Why this rating
Strong ARR growth (25% organic) and guidance raise are material for a $5.6B company; SaaS ARR (~$726M) represents ~13% of market cap. Inflection to non-GAAP profitability and FCF generation matter, though GAAP losses persist. Meaningful but not transformational.
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