VARONIS SYSTEMS INC — Form 8-K
Filed November 3, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 78/100
What the filing says
Varonis reported Q3 2026 total revenues of $189.5M (up 17% YoY), with SaaS revenues reaching $185.1M (up 47% YoY). SaaS ARR grew to $774.6M (up 42% YoY, or 24% excluding conversions). However, GAAP operating loss widened to $47.7M vs. $35.9M YoY; non-GAAP operating income improved to $7.6M from $0.2M. On October 15, 2026, Varonis agreed to be acquired by Proofpoint (Thoma Bravo portfolio company) at an undisclosed price. The company holds $937.8M in cash/equivalents/securities and generated $108.3M operating cash flow YTD. No forward guidance issued pending deal completion.
Why this rating
Acquisition announcement is material (M&A event), though price undisclosed. Business momentum strong (SaaS +42% ARR), but deal uncertainty and halted guidance create near-term limbo. Relative to $5.6B market cap, strategic milestone but not yet valuation-defining.
Price action (we called it neutral)
before filing · preread $48.96 | at our read pending | +10 min pending | +30 min pending | +1 hr pending | +4 hrs pending |
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