When did Varonis Systems report Q1 2024 earnings?

Varonis Systems (VRNS) reported Q1 2024 earnings on May 6, 2024 after market close.

What were Varonis Systems's Q1 2024 revenue and EPS?

Varonis Systems reported revenue of $114.0M and eps of $-0.03 for Q1 2024.

Did Varonis Systems beat estimates in Q1 2024?

Revenue beat the consensus estimate of $113.6M by $402.0K. EPS beat the consensus estimate of $-0.09 by $0.06.

Where can I find Varonis Systems's Q1 2024 SEC filings?

You can read the 10-Q periodic report (0001628280-24-021113) directly on SEC EDGAR. The filing index links above go to sec.gov.

Varonis Systems VRNS Q1 2024 earnings

Reported May 6, 2024 · After market close

Revenue$114.0MBeat by $402.0K

EPS-$0.03Beat by $0.06

Revenue estimate$113.6M

EPS estimate-$0.09

Next report

Oct 27, 2026 (in 3 months)

Revenue estimate$186.1M

EPS estimate$0.02

Financials

Q1 2024

Income statement

See full

Revenue$114.0M+6.2%

Gross profit$92.7M+3.3%

Operating income-$47.6M-10.5%

Net income-$40.5M-5.7%

EPS (diluted)-$0.37-5.7%

Balance sheet

See full

Cash & equivalents$147.1M-40.8%

Total debt$58.1M-11.7%

Total equity$452.3M-6.0%

Total assets$1.1B+4.2%

Cash flow

See full

Operating cash flow$56.7M+54.0%

CapEx$297.0K-73.2%

Free cash flow$56.4M+58.0%

Valuation & ratios

Valuation

as of 03/31/24

See full

Market cap$5.19B+81.8%

Enterprise value$5.1B+90.9%

P/S10.3×+4.4×

Profitability

See full

Gross margin85.1%-0.5pp

Operating margin-24.1%+0.1pp

Net margin-20.4%-2.4pp

FCF margin14.8%—

Returns & leverage

See full

Return on equity-22.1%-0.3pp

Debt / equity0.1×0.0×

Current ratio2.4×-1.6×

Segments

By product

See full

Term license subscriptions$56.0M-32.5%

SaaS$34.0M+1,543%

Maintenance and services$24.1M-1.2%

By geography

See full

EMEA$24.2M+5.4%

Rest of the World$3.7M+17.2%

By segment

See full

Term License Subscriptions, SaaS Revenues and Maintenance and Services Fees$114.0M-8.6%

Versus estimates

Revenue

Q2 2026$180.0MBeat by $3.2M Q1 2026$173.1MBeat by $7.6M Q4 2025$173.4MBeat by $4.9M Q3 2025$161.6MMiss by $4.9M Q2 2025$152.2MMiss by $11.4M Q1 2025$136.4MMiss by $11.4M

Diluted EPS

Q2 2026$0.04Beat by $0.03 Q1 2026$0.06Beat by $0.11 Q4 2025$0.08Beat by $0.05 Q3 2025$0.06Beat by $0.01 Q2 2025$0.03Beat by $0.02 Q1 2025-$0.31Miss by $0.26

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Questions, answered.

When did Varonis Systems report Q1 2024 earnings?: Varonis Systems (VRNS) reported Q1 2024 earnings on May 6, 2024 after market close.
What were Varonis Systems's Q1 2024 revenue and EPS?: Varonis Systems reported revenue of $114.0M and eps of $-0.03 for Q1 2024.
Did Varonis Systems beat estimates in Q1 2024?: Revenue beat the consensus estimate of $113.6M by $402.0K. EPS beat the consensus estimate of $-0.09 by $0.06.
Where can I find Varonis Systems's Q1 2024 SEC filings?: You can read the 10-Q periodic report (0001628280-24-021113) directly on SEC EDGAR. The filing index links above go to sec.gov.