Varonis(US:VRNS) Globenewswire·2025-12-14 15:24Core 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] - The company's on-premises subscription business has been identified as a major factor hindering overall ARR growth, attributed to lower renewal rates and sales process issues [2] - Following the announcement of these results, Varonis' stock price plummeted by $30.66, or 48.67%, closing at $32.34 per share on October 29, 2025 [2] Financial Performance - Varonis' Q3 2025 revenue missed consensus estimates, indicating potential challenges in meeting market expectations [2] - The decline in term license subscription revenues is a critical concern, reflecting broader issues within the company's subscription model [2] Company Response - Varonis acknowledged the underperformance of its on-prem subscription business and its impact on overall growth, highlighting the need for improvements in sales processes and renewal rates [2]