Varonis Systems Inc

VRNS: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Varonis Earnings: Guidance Revision Spooks Investors Despite Solid Quarterly Results

Malik Ahmed Khan

Oct 29, 2025

Varonis reported mixed third-quarter results, which included sales of $162 million, up 9%, and adjusted operating margin of 0%, down 600 basis points. The firm reduced its annual recurring revenue outlook for 2025 by $17 million at the midpoint, leading to a sharp selloff in shares.

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Varonis Systems Inc

Varonis Earnings: Guidance Revision Spooks Investors Despite Solid Quarterly Results

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