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Varonis Systems VRNS Q2 2026 earnings

Reported July 28, 2026 · After market close

Revenue$180.0MBeat by $3.2M
Adjusted EPS$0.04Beat by $0.03
Revenue estimate$176.8M
EPS estimate$0.01
“Our Q2 results were highlighted by SaaS ARR excluding conversions growth of 25%, SaaS ARR from new logos growing more than 20% and increasing momentum from our newer products, including Atlas, Interceptor, and Database Activity Monitoring. Organizations are prioritizing data and AI security, and we are uniquely positioned to help customers secure sensitive data, govern AI and automate risk reduction.”
Varonis Systems

Next report

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

Financials

Q2 2026

Income statement

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Revenue$180.0M+18.3%
Gross profit$135.5M+12.1%
Operating income-$40.6M-11.2%
Net income-$46.8M-30.7%
EPS (diluted)-$0.41-28.1%

Balance sheet

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Cash & equivalents$165.9M-16.7%
Total debt$75.1M-75.2%
Total equity$444.5M+30.2%
Total assets$1.7B+2.4%

Cash flow

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Operating cash flow$25.1M+17.5%
CapEx$4.4M+29.7%
Free cash flow$20.7M+15.2%

Valuation & ratios

Valuation

as of 10/02/26
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Market cap$5.45B-18.2%
Enterprise value$5.36B-18.5%
P/S7.9×-3.0×

Profitability

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Gross margin77.1%-4.4pp
Operating margin-22%+1.8pp
Net margin-20.5%+4.8pp
FCF margin17.7%-3.2pp

Returns & leverage

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Return on equity-36%+23.8pp
Debt / equity0.2×-0.7×
Current ratio1.6×+0.3×

Segments

By product

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SaaS$171.7M+62.2%
Term license subscriptions$4.2M-87.1%
Maintenance and services$4.1M-70.2%

By geography

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EMEA$36.4M+14.5%
Rest of the World$14.6M+24.6%

By segment

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Term License Subscriptions, SaaS Revenues and Maintenance and Services Fees$180.0M+18.3%

FAQ

When did Varonis Systems report Q2 2026 earnings?
Varonis Systems (VRNS) reported Q2 2026 earnings on July 28, 2026 after market close.
What were Varonis Systems's Q2 2026 revenue and EPS?
Varonis Systems reported revenue of $180.0M and adjusted eps of $0.04 for Q2 2026.
Did Varonis Systems beat estimates in Q2 2026?
Revenue beat the consensus estimate of $176.8M by $3.2M. EPS beat the consensus estimate of $0.01 by $0.03.
How did Varonis Systems's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 18.3% from $152.2M a year earlier.
Where can I find Varonis Systems's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001171843-26-004948) and the 10-Q periodic report (0001628280-26-050630) directly on SEC EDGAR. The filing index links above go to sec.gov.