Core Insights - Varonis Systems reported revenue of $161.58 million for the quarter ended September 2025, reflecting a year-over-year increase of 9.1% [1] - The earnings per share (EPS) was $0.06, down from $0.10 in the same quarter last year [1] - The reported revenue fell short of the Zacks Consensus Estimate of $166.08 million, resulting in a surprise of -2.71% [1] - The company did not deliver an EPS surprise, as the consensus EPS estimate was also $0.06 [1] Financial Metrics - Annual Recurring Revenues (ARR) were reported at $718.6 million, slightly below the estimated $721.1 million [4] - Maintenance and Services revenues were $10.94 million, significantly lower than the estimated $13.8 million, marking a year-over-year decline of -49.1% [4] - Term license subscriptions generated $24.81 million, compared to the average estimate of $28.88 million, representing a year-over-year decrease of -63.9% [4] - SaaS revenues were reported at $125.82 million, matching the three-analyst average estimate, with a substantial year-over-year increase of +117.7% [4] Stock Performance - Varonis shares have returned +5.7% over the past month, outperforming the Zacks S&P 500 composite's +3.6% change [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]