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Varonis Systems VRNS Q1 2026 earnings

Reported April 28, 2026 · After market close

Revenue$173.1MBeat by $7.6M
EPS$0.06Beat by $0.11
Revenue estimate$165.5M
EPS estimate-$0.05

Next report

Oct 27, 2026 (In 3 weeks)
Revenue estimate$186.8M
EPS estimate$0.03

Financials

Q1 2026

Income statement

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Revenue$173.1M+26.9%
Gross profit$131.6M+22.5%
Operating income-$44.5M-1.6%
Net income-$36.9M-3.0%
EPS (diluted)-$0.320.0%

Balance sheet

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Cash & equivalents$179.3M+17.1%
Total debt$69.4M-77.0%
Total equity$453.5M+23.3%
Total assets$1.6B+3.6%

Cash flow

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Operating cash flow$55.0M-19.1%
CapEx$5.0M+113%
Free cash flow$50.1M-23.7%

Valuation & ratios

Valuation

as of 03/31/26
See full
Market cap$2.52B-44.6%
Enterprise value$2.41B-48.7%
P/S3.8×-4.1×

Profitability

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Gross margin78.1%-4.2pp
Operating margin-22.3%+3.1pp
Net margin-19.7%+6.4pp
FCF margin18.1%-2.5pp

Returns & leverage

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Return on equity-31.8%+24.0pp
Debt / equity0.2×-0.7×
Current ratio1.7×+0.5×

Segments

By product

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SaaS$161.1M+81.9%
Term license subscriptions$6.9M-78.1%
Maintenance and services$5.2M-68.5%

By geography

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EMEA$35.8M+26.0%
Rest of the World$13.3M+7.6%

By segment

See full
Term License Subscriptions, SaaS Revenues and Maintenance and Services Fees$173.1M+26.9%

FAQ

When did Varonis Systems report Q1 2026 earnings?
Varonis Systems (VRNS) reported Q1 2026 earnings on April 28, 2026 after market close.
What were Varonis Systems's Q1 2026 revenue and EPS?
Varonis Systems reported revenue of $173.1M and eps of $0.06 for Q1 2026.
Did Varonis Systems beat estimates in Q1 2026?
Revenue beat the consensus estimate of $165.5M by $7.6M. EPS beat the consensus estimate of $-0.05 by $0.11.
How did Varonis Systems's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 26.9% from $136.4M a year earlier.
Where can I find Varonis Systems's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001171843-26-002774) and the 10-Q periodic report (0001628280-26-028411) directly on SEC EDGAR. The filing index links above go to sec.gov.