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Dec 31, 2024
Varonis Q4 2024 Earnings Report
Varonis announced its Q4 2024 and Full-Year 2024 financial results.
Key Takeaways
Varonis reported strong ARR growth, driven by SaaS and customer interest in Generative AI. SaaS ARR now represents a majority of total ARR. The company anticipates continued ARR growth and free cash flow improvement.
Annual recurring revenues grew 18% year-over-year.
SaaS ARR as a percentage of total ARR was approximately 53%.
Year-to-date cash from operations generated $115.2 million vs. $59.4 million last year.
Year-to-date free cash flow generated $108.5 million vs. $54.3 million last year.
Varonis
Varonis
Forward Guidance
The Company expects for the first quarter of 2025 and full year 2025