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Varonis Systems VRNS Maintenance and services — Revenue

Other product segments

SaaS
$171.73M+62.2%
Term license subscriptions
$4.16M-87.1%

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Other financials

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

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Market cap$4.87B-21.9%
Enterprise value$4.78B-24.6%
P/S7.1×-3.4×

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×

Where this comes from

Reported directly by Varonis Systems in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax.

The source filing: Varonis Systems’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 4:20 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-050630
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Revenues:
SaaS$171,727$105,895$332,792$194,455
Term license subscriptions4,16232,37411,05863,862
Maintenance and services4,13413,8949,29930,269
Total revenues180,023152,163353,149288,586
Cost of revenues44,51231,24986,08260,267
Gross profit135,511120,914267,067228,319
Operating expenses:

Item 1. Financial Statements

FAQ

What is Varonis Systems's maintenance and services — revenue?
Varonis Systems (VRNS) reported maintenance and services — revenue of $4.13M in Q2 2026.
How has Varonis Systems's maintenance and services — revenue changed year-over-year?
Varonis Systems's maintenance and services — revenue decreased by 70.2% year-over-year, from $13.89M to $4.13M.
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.

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