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Varonis Systems VRNS Maintenance and services — Revenue

Other product segments

SaaS
$161.07M+81.9%
Term license subscriptions
$6.9M-78.1%

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Other financials

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

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Market cap$3.83B-44.6%
Enterprise value$3.72B-48.7%
P/S5.8×-6.3×

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×

Where this comes from

Reported directly by Varonis Systems in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax.

The official record: Varonis Systems’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Varonis Systems's maintenance and services — revenue?
Varonis Systems (VRNS) reported maintenance and services — revenue of $5.17M in Q1 2026.
How has Varonis Systems's maintenance and services — revenue changed year-over-year?
Varonis Systems's maintenance and services — revenue decreased by 68.5% year-over-year, from $16.38M to $5.17M.
What is the long-term trend for Varonis Systems's maintenance and services — revenue?
Over 4 years (2021 to 2025), Varonis Systems's maintenance and services — revenue has grown at a -19.0% compound annual growth rate (CAGR), from $119.3M to $51.3M.
What does maintenance and services — revenue mean?
This metric represents the revenue generated from legacy support contracts, maintenance agreements, and professional services associated with on-premises software deployments. As the company shifts toward a cloud-first subscription model, this revenue stream typically reflects the declining tail of traditional perpetual license support. Monitoring this segment is critical for assessing the pace of the company's transition from legacy infrastructure to modern software-as-a-service offerings.