Short answer
VARONIS SYSTEMS INC (VRNS) filed its Q1 2026 10-Q quarterly report on Apr 29, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $173M (up 26.9% year over year) with net income of −$37M.
Q1 2026 key financials · XBRL
- Revenue
- $173M
- +26.9% YoY
- Net income
- −$37M
- −3.0% YoY
- Operating margin
- -25.7%
- Gross margin
- 76.0%
- EPS (diluted)
- −$0.32
- +0.0% YoY
Source: XBRL data from the VARONIS SYSTEMS INC (VRNS) Q1 2026 10-Q on SEC EDGAR. USD.
VARONIS SYSTEMS INC Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $173.1M, up 26.9% YoY from $136.4M
- SaaS revenue $161.1M, up 81.9% YoY; term licenses $6.9M, down 78.1%
- Gross margin 76.0% vs 78.7% YoY; operating margin (25.7%) vs (32.1%)
- Operating cash flow $55.0M vs $68.0M; cash and equivalents, securities, deposits $785.9M
- Self-hosted end-of-life December 31, 2026; expected conversion variability and continued term-license declines
Risk Factors
- Newly expanded competitive risk triggered by AllTrue.ai acquisition, adding direct competition in AI security, AI governance and risk management
- Most material regulatory update: UK Data (Use and Access) Act 2025 amended UK GDPR requirements for automated decisions, cookies and international transfers
- Privacy compliance exposure from 2025 laws in Delaware, Iowa, Nebraska, New Hampshire, New Jersey, Tennessee, Minnesota and Maryland
- Cloud service risk from data localization laws potentially restricting market expansion or requiring significant additional costs
- Market risk from 2025 U.S. and international tariffs potentially causing customer budget tightening and longer sales cycles
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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