Varonis Systems (VRNS) reported Q4 non-GAAP net income late Tuesday of $0.18 per diluted share, down from $0.27 a year earlier.

Analysts polled by FactSet expected $0.14.

Revenue in the three months ended Dec. 31 rose to $158.5 million from $154.1 million a year earlier.

Analysts surveyed by FactSet expected $165.6 million.

In Q1, the company expects a non-GAAP net loss of $0.04 to $0.06 per diluted share on revenue of $130 million to $135 million. Analysts expect a non-GAAP loss of $0.02 on revenue of $129.9 million.

In 2025, Varonis expects non-GAAP net income of $0.13 to $0.17 per diluted share on revenue of $610 million to $625 million. Analysts expect non-GAAP EPS of $0.32 on revenue of $626.7 million.

Shares of Varonis Systems fell 6.1% in after-hours activity.