Short answer
VARONIS SYSTEMS INC (VRNS) filed its Q2 2026 10-Q quarterly report on Jul 29, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $180M (up 18.3% year over year) with net income of −$47M.
Q2 2026 key financials · XBRL
- Revenue
- $180M
- +18.3% YoY · +4.0% QoQ
- Net income
- −$47M
- −30.7% YoY · −27.0% QoQ
- Operating margin
- -22.6%
- Gross margin
- 75.3%
- EPS (diluted)
- −$0.41
- −28.1% YoY · −28.1% QoQ
Source: XBRL data from the VARONIS SYSTEMS INC (VRNS) Q2 2026 10-Q on SEC EDGAR. USD.
VARONIS SYSTEMS INC Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $180.0M, up 18.3% YoY from $152.2M
- SaaS revenue $171.7M, up 62.2% YoY; term licenses $4.2M, down 87.1%
- Gross margin 75.3% vs 79.5% YoY; operating margin -22.6% vs -24.0%
- Operating loss $40.6M vs $36.6M; net loss $46.8M vs $35.8M
- SaaS ARR $726.0M, up 52% YoY; self-hosted end-of-life expected December 31, 2026
Risk Factors
- Newly updated AI competition risk triggered by AllTrue.ai acquisition, adding direct exposure to AI security, governance, cloud security, and adjacent data-protection vendors
- Most materially updated privacy risk: UK Data (Use and Access) Act 2025 amended UK GDPR requirements, including automated decisions, cookies, regulator powers, and international transfers
- Regulatory compliance risk from evolving GDPR, CCPA, CPRA, and international privacy rules, creating potential fines, litigation, operational changes, and higher compliance costs
- Cloud-service operational risk from third-party provider outages, data loss, or breaches, potentially causing customer credits, refunds, indemnity obligations, and reputational damage
- Competitive market risk from increasing AI-driven applications and automation, intensifying demand for and competition across data-security solutions
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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