Varonis(US:VRNS) Prnewswire·2025-11-28 17:02Core Insights - Varonis Systems, Inc. reported disappointing financial results for Q3 2025, with a significant 63.9% year-over-year decline in term license subscription revenues, leading to a reduction in full-year ARR guidance [2] Financial Performance - The company's revenue missed consensus estimates, primarily due to underperformance in its on-premises subscription business, which was described as a "drag on total company ARR growth" [2] - Varonis' stock price plummeted by $30.66 per share, or 48.67%, closing at $32.34 per share on October 29, 2025, following the announcement of these results [2] Company Challenges - Varonis identified several factors contributing to the lower renewal rates of on-prem subscriptions, including issues within the sales process [2]