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MIAMI, July 14, 2026 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (NASDAQ: VRNS), the data and AI security leader, today announced that Varonis Atlas extended its AI security coverage to Claude Code and Claude Cowork. With the announcement, Varonis helps support enterprises that rely on Anthropic’s Claude suite, whether they use agentic AI for software development or file-based knowledge work.

As enterprises adopt AI agents that can access files, write code, and take autonomous action, security must evolve. Varonis Atlas gives security teams unified visibility and control, helping organizations embrace agentic AI while reducing the risk of data exposure, prompt manipulation, and unchecked agent activity.

“Security has to meet agents where they operate, and that means runtime enforcement,” said Ron Bennatan, VP of AI and Data Security Strategy at Varonis. “Whether it’s Claude Code committing to a repository or Claude Cowork rewriting files on someone’s desktop, the risk shows up when an agent gets access, not after the fact. Coverage that stops at one surface leaves you with a big blind spot.”

With Atlas, security teams can secure and govern the entire Claude enterprise suite with data context, permissions, and risk signals.

Varonis for Claude Code includes:

AI Runtime Guardrails: Stop malicious and non-compliant prompts before they reach code, dependencies, or regulated repositories.AI Activity Monitoring: Detect and prevent exposure of source code, credentials, API keys, and regulated data across all agent activity, including unusual token usage.AI Security Posture Management (AI-SPM): Identify skills, memory files, and MCP configurations that may introduce persistent instructions, manipulate agent behavior, or exfiltrate data across sessions.AI Inventory: Represents agents, tools, and supporting resources in a unified view, including code artifacts that land in governed repositories after local development. Varonis for Claude Cowork includes:

AI Runtime Guardrails: Evaluates Cowork activity with runtime guardrails to block, modify, or alert on risky or malicious activity in real time as an agent reads, edits, or creates files.AI Activity Monitoring and Investigations: Every evaluated event carries user, project, and resource context, giving teams an audit trail by user and source application, and the ability to catch a redirected agent mid-session. This announcement follows Varonis’ integration with the Claude Compliance API. Together, these integrations give security teams a continuous view across the full Claude enterprise stack.

Varonis Atlas is available today. Request a free trial to see Atlas’ AI inventory, posture management, security testing, runtime guardrails, and compliance reporting in action.

Additional Resources:

Read more on the Varonis blog.Learn more on the Varonis website.Request your Varonis Atlas demo.Visit our blog, and join the conversation on LinkedIn and YouTube. About Varonis
Varonis (Nasdaq: VRNS) secures AI and the data that powers it. The Varonis platform gives organizations automated visibility and control over their critical data wherever it lives and helps ensure safe and trustworthy AI from code to runtime. Backed by 24x7x365 managed detection and response, Varonis gives thousands of organizations worldwide the confidence to adopt AI, reduce data exposure, and stop AI-powered threats.

Investor Relations Contact:
Tim Perz
Varonis Systems, Inc.
646-640-2112
[email protected]

News Media Contact:
Rachel Hunt
Varonis Systems, Inc.
877-292-8767 (ext. 1598)
[email protected]

MIAMI, July 08, 2026 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (NASDAQ: VRNS), the data and AI security leader, today announced support for Cursor, the AI-native coding tool. Varonis Atlas provides runtime enforcement, threat detection, and full session forensics for Cursor, delivering visibility and control across the agentic development lifecycle.

Cursor's agents read, write, and execute inside your codebase — running terminal commands, installing dependencies, and calling MCP-connected tools. That gives Cursor access to crown-jewel data: source code, .env files, credentials, API keys, and customer data. Built-in safeguards are important, but stopping agents that go off-script and securing sensitive data requires runtime enforcement and threat detection.

"The agents may change, but the security requirements don't," said Ron Bennatan, VP of AI and Data Security Strategy at Varonis. "Developers move between integrated development environments (IDEs) and other tools as they work, and each one has its own guardrails. Atlas gives security teams one place to secure data access, monitor agent activity for risky actions, and enforce policy."

By extending support to Cursor, Varonis continues to deepen its coverage of agentic IDEs, like Claude Code, GitHub Copilot, and VS Code. With Varonis Atlas, organizations can more safely adopt and use AI agents, no matter which tools and vendors they work with.

Varonis Atlas supports the full coding agent lifecycle:

Runtime enforcement: Monitor, block, modify, or alert on agent activity directly inside supported coding agent workflows.Session forensics and threat detection: Reconstruct exactly what happened during a Cursor session, including prompts, tool usage, MCP server activity, command execution, and agent actions.Sensitive data and secrets protection: Detect and prevent exposure of source code, credentials, API keys, and regulated data across all agent activity.Shadow AI discovery: Identify unsanctioned coding agent usage and repository-level artifacts, including skills, rules, and MCP configurations. The integration builds on Varonis' growing support for agentic AI security. Recent releases include an integration with the Claude Compliance API, which enhances security for Claude Enterprise and Claude Platform and enables organizations to capture and review AI interactions for audit, compliance, and investigation.

Additional Resources

Read more on the Varonis blog.See Varonis in action: schedule a 30-minute demo.For more information on Varonis' solutions, visit https://www.varonis.com.Visit our blog and join the conversation on LinkedIn and YouTube. About Varonis
Varonis (Nasdaq: VRNS) secures AI and the data that powers it. The Varonis platform gives organizations automated visibility and control over their critical data wherever it lives and helps ensure safe and trustworthy AI from code to runtime. Backed by 24x7x365 managed detection and response, Varonis gives thousands of organizations worldwide the confidence to adopt AI, reduce data exposure, and stop AI-powered threats.

Investor Relations Contact:
Tim Perz
Varonis Systems, Inc.
646-640-2112
[email protected]

News Media Contact:
Rachel Hunt
Varonis Systems, Inc.
877-292-8767 (ext. 1598)
[email protected]

Varonis Systems stock advances on a report the security software provider is mulling a possible sale after receiving takeover interest.

Varonis (VRNS) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.

SaaS ARR, excluding conversions increased 29% year-over-year
Total SaaS ARR was $683.2 million, up 69% year-over-year
Launched Varonis Atlas, powered by the acquisition of AllTrue.ai

MIAMI, April 28, 2026 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (Nasdaq: VRNS), the data and AI security leader, today announced financial results for the first quarter ended March 31, 2026.

Yaki Faitelson, Varonis CEO, said, “Our Q1 results reflect strong execution across our business, and SaaS ARR, excluding conversions increased 29%. AI is forcing companies to prioritize data and AI security, and Varonis is uniquely positioned to help customers put the right guardrails in place so they can achieve automated outcomes and safely deploy AI with minimal effort. We believe we are well-positioned to capitalize on the favorable tailwinds in our business and this significant AI market opportunity.”

Guy Melamed, Varonis CFO & COO, added, “We are excited by the healthy demand we saw in Q1 from both accelerating new logos and expansion with existing customers. Our Q1 results coupled with the underlying drivers of our business give us the confidence to raise our full-year guidance for total SaaS ARR growth to 27% to 32%. In addition, we increased our guidance for SaaS ARR growth excluding conversions to 20% to 21% and we believe we can sustain this level of growth as a fully SaaS company.”

Financial Summary for the First Quarter Ended March 31, 2026

Total revenues were $173.1 million, compared with $136.4 million in the first quarter of 2025.SaaS revenues were $161.1 million, compared with $88.6 million in the first quarter of 2025.Term license subscription revenues were $6.9 million, compared with $31.5 million in the first quarter of 2025, with the vast majority of the decline driven by customers converting to our SaaS platform.Maintenance and services revenues were $5.2 million, compared with $16.4 million in the first quarter of 2025, with the vast majority of the decline driven by customers converting to our SaaS platform.GAAP operating loss was ($44.5) million, compared to GAAP operating loss of ($43.8) million in the first quarter of 2025.Non-GAAP operating loss was ($1.4) million, compared to non-GAAP operating loss of ($6.5) million in the first quarter of 2025. The tables at the end of this press release include a reconciliation of GAAP operating income (loss) to non-GAAP operating income (loss) and GAAP net income (loss) to non-GAAP net income (loss) for the three months ended March 31, 2026 and 2025. An explanation of these measures is included below under the heading "Non-GAAP Financial Measures and Key Performance Indicators."

Key Performance Indicators and Recent Business Highlights

SaaS ARR, was $683.2 million as of the end of the first quarter, up 69% year-over-year or up 29% year-over-year, excluding conversions.As of March 31, 2026, the Company had $899.5 million in cash and cash equivalents, short-term deposits and short-term and long-term marketable securities.During the three months ended March 31, 2026, the Company generated $55.0 million of cash from operations, compared to $68.0 million generated in the prior year period.During the three months ended March 31, 2026, the Company generated $49.0 million of free cash flow, compared to $65.3 million generated in the prior year period.During the three months ended March 31, 2026, the Company generated $61.6 million of adjusted free cash flow, compared to $67.0 million generated in the prior year period.During the three months ended March, 31, 2026, the Company repurchased 5,355,445 shares at an average purchase price of $24.67 for a net total of $132.1 million.Launched Varonis Atlas, powered by the acquisition of AllTrue.ai, that provides organizations with end-to-end visibility, security and control over all AI systems in their environment. An explanation of SaaS ARR is included below under the heading "Non-GAAP Financial Measures and Key Performance Indicators." In addition, the tables at the end of this press release include a reconciliation of net cash provided by operating activities to non-GAAP free cash flow and non-GAAP adjusted free cash flow. An explanation of these measures is also included below under the heading "Non-GAAP Financial Measures and Key Performance Indicators."

Financial Outlook

For the second quarter of 2026, the Company expects:

SaaS ARR year-over-year growth of 24% to 25%, excluding conversions.Revenues of $175.0 million to $178.0 million, or year-over-year growth of 15% to 17%.Non-GAAP operating loss of ($1.0) million to breakeven.Non-GAAP net income per diluted share in the range of $0.00 to $0.01, based on 131.1 million diluted shares outstanding. For full year 2026, the Company now expects:

SaaS ARR of $814.0 million to $845.0 million, or year-over-year growth of 27% to 32%.SaaS ARR year-over-year growth of 20% to 21%, excluding conversions.Free cash flow of $100.0 million to $105.0 million.Revenues of $731.0 million to $737.0 million, or year-over-year growth of 17% to 18%.Non-GAAP operating income of $7.0 to $9.0 million.Non-GAAP net income per diluted share in the range of $0.11 to $0.12, based on 132.1 million diluted shares outstanding. Actual results may differ materially from the Company’s Financial Outlook as a result of, among other things, the factors described below under “Forward-Looking Statements”.

Conference Call and Webcast
Varonis will host a conference call today, Tuesday, April 28, 2026, at 4:30 p.m. Eastern Time, to discuss the Company's first quarter 2026 financial results. To access this call, dial 877-425-9470 (domestic) or 201-389-0878 (international). The passcode is 13759886. A replay of this conference call will be available through May 12, 2026 at 844-512-2921 (domestic) or 412-317-6671 (international). The replay passcode is 13759886. A live webcast of this conference call will be available on the "Investors" page of the Company's website (www.varonis.com), and a replay will be archived on the website as well.

Non-GAAP Financial Measures and Key Performance Indicators
Varonis believes that the use of non-GAAP operating income (loss) and non-GAAP net income (loss) is helpful to our investors. These measures, which the Company refers to as our non-GAAP financial measures, are not prepared in accordance with GAAP.

Non-GAAP operating income (loss) is calculated as operating income (loss) excluding (i) stock-based compensation expense, (ii) payroll tax expense related to stock-based compensation, and (iii) amortization of acquired intangible assets and acquisition-related expenses.

Non-GAAP net income (loss) is calculated as net income (loss) excluding (i) stock-based compensation expense, (ii) payroll tax expense related to stock-based compensation, (iii) amortization of acquired intangible assets and acquisition-related expenses, (iv) foreign exchange gains (losses) which include exchange rate differences on lease contracts as a result of the implementation of ASC 842, (v) amortization of debt issuance costs and (vi) acquisition-related taxes.

The Company believes that the exclusion of these expenses provides a more meaningful comparison of our operational performance from period to period and offers investors and management greater visibility to the underlying performance of our business. Specifically:

Stock-based compensation expenses utilize varying available valuation methodologies, subjective assumptions and a variety of equity instruments that can impact a company's non-cash expenses;Payroll taxes are tied to the exercise or vesting of underlying equity awards and the price of our common stock at the time of vesting or exercise, factors which may vary from period to period;Acquired intangible assets are valued at the time of acquisition and are amortized over an estimated useful life after the acquisition, and acquisition-related expenses are unrelated to current operations and neither are comparable to the prior period nor predictive of future results;The Company incurs foreign exchange gains or losses from the revaluation of its significant operating lease liabilities in foreign currencies as well as other assets and liabilities denominated in non-U.S. dollars, which may vary from period to period;Amortization of debt issuance costs, which relate to the Company’s convertible senior notes issued in 2020 and 2024, are a non-cash item; andAcquisition-related taxes are unrelated to current operations and neither are comparable to the prior period nor predictive of future results. Free cash flow is calculated as net cash provided by or used in operating activities less purchases of property and equipment and capitalized internal-use software. Adjusted free cash flow is calculated as free cash flow excluding cash paid for acquisition-related costs. We believe that free cash flow and adjusted free cash flow are useful indicators of liquidity that provide information to management and investors about the amount of cash provided by or used in our operations that, after adjusting for the investments in property and equipment, capitalized internal-use software and acquisition-related costs, can be used for strategic initiatives.

Each of our non-GAAP financial measures is an important tool for financial and operational decision making and for evaluating our own operating results over different periods of time. The non-GAAP financial measures do not represent our financial performance under U.S. GAAP and should not be considered as alternatives to operating income (loss) or net income (loss) or any other performance measures derived in accordance with GAAP. Non-GAAP financial measures may not provide information that is directly comparable to that provided by other companies in our industry, as other companies in our industry may calculate non-GAAP financial results differently, particularly related to non-recurring, unusual items. In addition, there are limitations in using non-GAAP financial measures because the non-GAAP financial measures are not prepared in accordance with GAAP, and exclude expenses that may have a material impact on our reported financial results. Further, stock-based compensation expense and payroll tax expense related to stock-based compensation have been, and will continue to be for the foreseeable future, significant recurring expenses in our business and an important part of the compensation provided to our employees. Also, the amortization of intangible assets are expected recurring expenses over the estimated useful life of the underlying intangible asset and acquisition-related expenses will be incurred to the extent acquisitions are made in the future and acquisition-related taxes may be incurred to the extent acquisitions are made in the future. Additionally, foreign exchange rates may fluctuate from one period to another, and the Company does not estimate movements in foreign currencies. Finally, the amortization of debt issuance costs are expected recurring expenses until the maturity of the convertible senior notes in 2029.

The presentation of non-GAAP financial information is not meant to be considered in isolation or as a substitute for the directly comparable financial measures prepared in accordance with GAAP. Varonis urges investors to review the reconciliation of our historical non-GAAP financial measures to the comparable GAAP financial measures included below, and not to rely on any single financial measures to evaluate our business.

A reconciliation for non-GAAP operating income (loss), non-GAAP net income (loss), and free cash flow referred to in our “Financial Outlook” is not provided because we do not guide on their most directly comparable GAAP financial measures. As these are forward-looking statements, such reconciliation is not available without unreasonable effort due to the high variability, complexity, uncertainty and difficulty of estimating certain items such as stock-based compensation and currency fluctuations, which have an impact on our consolidated results. The actual amounts of such reconciling items will have a significant impact on the Company’s most directly comparable GAAP financial measures. The Company believes the information provided is useful to investors because it can be considered in the context of the Company’s historical disclosures of this measure.

SaaS ARR is a key performance indicator defined as the annualized value of active SaaS contracts in effect at the end of that period. Similarly, SaaS ARR excluding conversions is the annualized value of active SaaS contracts excluding the impact of conversions. The contracts are annualized by dividing the total contract value by the number of days in the term and multiplying the result by 365. The annualized value of contracts is a legal and contractual determination made by assessing the contractual terms with our customers. The annualized value of such contracts is not determined by reference to historical revenues, deferred revenues or any other GAAP financial measure over any period. SaaS ARR is not a forecast of future revenues, which can be impacted by contract start and end dates and renewal rates.

Forward-Looking Statements

This press release contains, and statements made during the above referenced conference call will contain, "forward-looking" statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including regarding the Company's growth rate and its expectations regarding future revenues, operating income or loss or earnings or loss per share. These statements are not guarantees of future performance but are based on management's expectations as of the date of this press release and assumptions that are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements. Important factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements include the following: the impact of potential information technology, cybersecurity or data security breaches; risks associated with anticipated growth in Varonis’ addressable market; general economic and industry conditions, such as foreign currency exchange rate fluctuations and expenditure trends for data and cybersecurity solutions; Varonis’ ability to predict the timing and rate of subscription renewals and their impact on the Company’s future revenues and operating results; risks associated with international operations; the impact of global conflicts on the budgets of our clients and on economic conditions generally; competitive factors, including increased sales cycle time, changes in the competitive environment, pricing changes and increased competition; the risk that Varonis may not be able to attract or retain employees, including sales personnel and engineers; Varonis’ ability to build and expand its direct sales efforts and reseller distribution channels; risks associated with the closing of large transactions, including Varonis’ ability to close large transactions consistently on a quarterly basis; new product introductions and Varonis’ ability to develop and deliver innovative products; Varonis’ ability to provide high-quality service and support offerings; the expansion of cloud-delivered services; and risks associated with our convertible notes and capped-call transactions. These and other important risk factors are described more fully in Varonis’ reports and other documents filed with the Securities and Exchange Commission and could cause actual results to vary from expectations. All information provided in this press release and in the conference call is as of the date hereof, and Varonis undertakes no duty to update or revise this information, whether as a result of new information, new developments or otherwise, except as required by law.

About Varonis

Varonis (Nasdaq: VRNS) secures AI and the data that powers it. The Varonis platform gives organizations automated visibility and control over their critical data wherever it lives and ensures safe and trustworthy AI from code to runtime. Backed by 24x7x365 managed detection and response, Varonis gives thousands of organizations worldwide the confidence to adopt AI, reduce data exposure, and stop AI-powered threats.

Investor Relations Contact:
Tim Perz
Varonis Systems, Inc.
646-640-2112
[email protected]

News Media Contact:
Rachel Hunt
Varonis Systems, Inc.
877-292-8767 (ext. 1598)
[email protected]

 Varonis Systems, Inc.Condensed Consolidated Statements of Operations(in thousands, except for share and per share data) Three Months Ended
March 31, 2026
 2025
 UnauditedRevenues:   SaaS$161,065  $88,560 Term license subscriptions 6,896   31,488 Maintenance and services 5,165   16,375 Total revenues 173,126   136,423     Cost of revenues 41,570   29,018     Gross profit 131,556   107,405     Operating expenses:   Research and development 69,761   54,210 Sales and marketing 80,336   72,763 General and administrative 25,940   24,198 Total operating expenses 176,037   151,171     Operating loss (44,481)  (43,766)Financial income, net 4,446   11,951     Loss before income taxes (40,035)  (31,815)Benefit (provision) for income taxes 3,181   (3,968)    Net loss$(36,854) $(35,783)    Net loss per share of common stock, basic and diluted$(0.32) $(0.32)    Weighted average number of shares used in computing net loss per share of common stock, basic and diluted 115,788,061   112,651,178      Stock-based compensation expense for the three months ended March 31, 2026 and 2025 is included in the Condensed Consolidated Statements of Operations as follows (in thousands):
       Three Months Ended
March 31,
 2026
 2025
 Unaudited
Cost of revenues$1,439  $1,504 Research and development 12,726   10,576 Sales and marketing 9,855   10,476 General and administrative 9,719   9,699  $33,739  $32,255          Payroll tax expense related to stock-based compensation for the three months ended March 31, 2026 and 2025 is included in the Condensed Consolidated Statements of Operations as follows (in thousands):
       Three Months Ended
March 31,
 2026
 2025
 Unaudited
Cost of revenues$258  $490 Research and development 145   237 Sales and marketing 1,016   1,917 General and administrative 484   423  $1,903  $3,067          Amortization of acquired intangibles and acquisition-related expenses for the three months ended March 31, 2026 and 2025 is included in the Condensed Consolidated Statements of Operations as follows (in thousands):
       Three Months Ended
March 31,
 2026
 2025
 Unaudited
Cost of revenues$1,675  $26 Research and development 4,574   1,357 Sales and marketing 136   — General and administrative 1,076   603  $7,461  $1,986           Varonis Systems, Inc.Condensed Consolidated Balance Sheets(in thousands) March 31, 2026 December 31, 2025 Unaudited  Assets   Current assets:   Cash and cash equivalents$179,339  $202,482 Marketable securities 568,190   681,225 Short-term deposits 38,380   37,259 Accounts receivable, net 156,617   242,822 Prepaid expenses and other short-term assets 138,511   134,767 Total current assets 1,081,037   1,298,555 Long-term assets:   Long-term marketable securities 113,614   187,202 Operating lease right-of-use assets 57,008   57,677 Property and equipment, net 39,566   36,032 Intangible assets, net 56,596   16,687 Goodwill 216,801   135,276 Other assets 69,955   60,183 Total long-term assets 553,540   493,057 Total assets$1,634,577  $1,791,612     Liabilities and stockholders’ equity   Current liabilities:   Trade payables$10,762  $5,735 Accrued expenses and other short-term liabilities 211,469   225,411 Deferred revenues 416,383   427,811 Total current liabilities 638,614   658,957 Long-term liabilities:   Convertible senior notes, net 452,769   452,259 Operating lease liabilities 58,431   59,749 Deferred revenues 23,067   14,406 Other liabilities 8,183   7,585 Total long-term liabilities 542,450   533,999     Stockholders’ equity:   Share capital   Common stock 115   118 Accumulated other comprehensive income 20,529   23,132 Additional paid-in capital 1,339,202   1,444,885 Accumulated deficit (906,333)  (869,479)Total stockholders’ equity 453,513   598,656 Total liabilities and stockholders’ equity$1,634,577  $1,791,612           Varonis Systems, Inc.Condensed Consolidated Statements of Cash Flows(in thousands) Three Months Ended
March 31, 2026
 2025
 UnauditedCash flows from operating activities:   Net loss$(36,854) $(35,783)Adjustments to reconcile net loss to net cash provided by operating activities:   Depreciation and amortization 4,354   2,419 Stock-based compensation 33,739   32,255 Amortization of deferred commissions 15,971   11,353 Non-cash operating lease costs 2,482   2,476 Amortization of debt issuance costs 510   887 Amortization of premium and accretion of discount on marketable securities, net 882   99 Deferred income taxes, net (9,134)  — Remeasurement of options to repurchase common stock 2,091   —     Changes in assets and liabilities:   Accounts receivable 86,206   65,129 Prepaid expenses and other short-term assets (2,547)  11,077 Deferred commissions (19,748)  (13,603)Other long-term assets (11,253)  12 Trade payables 5,026   1,961 Accrued expenses and other short-term liabilities (14,081)  (16,728)Deferred revenues (2,785)  5,988 Other long-term liabilities 183   458 Net cash provided by operating activities 55,042   68,000     Cash flows from investing activities:   Proceeds from maturities of marketable securities 93,840   56,000 Proceeds from sales of marketable securities 90,250   — Investment in marketable securities —   (57,654)Proceeds from short-term and long-term deposits 62,570   34,174 Investment in short-term and long-term deposits (63,691)  (36,289)Acquisitions, net of cash acquired (113,619)  (18,584)Purchases of property and equipment (4,971)  (2,339)Capitalized internal-use software (1,048)  (325)Net cash provided by (used in) investing activities 63,331   (25,017)    Cash flows from financing activities:   Repurchase of common stock (135,000)  (61,264)Proceeds from options to repurchase common stock 2,900   — Proceeds from employee stock plans 7,970   7,163 Taxes paid related to net share settlement of equity awards (17,386)  (21,360)Net cash used in financing activities (141,516)  (75,461)Decrease in cash and cash equivalents (23,143)  (32,478)Cash and cash equivalents at beginning of period 202,482   185,585 Cash and cash equivalents at end of period$179,339  $153,107           Varonis Systems, Inc.Reconciliation of GAAP Measures to non-GAAP(in thousands, except share and per share data) Three Months Ended March 31, 2026
 2025
 UnauditedReconciliation to non-GAAP operating loss:       GAAP operating loss$(44,481) $(43,766)    Add back:   Stock-based compensation expense 33,739   32,255 Payroll tax expenses related to stock-based compensation 1,903   3,067 Amortization of acquired intangible assets and acquisition-related expenses 7,461   1,986 Non-GAAP operating loss$(1,378) $(6,458)    Reconciliation to non-GAAP net income:       GAAP net loss$(36,854) $(35,783)    Add back:   Stock-based compensation expense 33,739   32,255 Payroll tax expenses related to stock-based compensation 1,903   3,067 Amortization of acquired intangible assets and acquisition-related expenses 7,461   1,986 Foreign exchange rate differences, net 780   (2,135)Amortization of debt issuance costs 510   887 Acquisition-related taxes —   391 Non-GAAP net income$7,539  $668     GAAP weighted average number of shares used in computing net loss per share of common stock - basic and diluted 115,788,061   112,651,178 Non-GAAP weighted average number of shares used in computing net income per share of common stock - basic 115,788,061   112,651,178 Non-GAAP weighted average number of shares used in computing net income per share of common stock - diluted 132,842,868   136,738,899     GAAP net loss per share of common stock - basic and diluted$(0.32) $(0.32)Non-GAAP net income per share of common stock - basic$0.07  $0.01 Non-GAAP net income per share of common stock - diluted$0.06  $—           Varonis Systems, Inc.Reconciliation of GAAP Measures to non-GAAP(in thousands)     Three Months Ended
March 31, 2026
 2025
 UnauditedReconciliation to non-GAAP free and adjusted free cash flow:   Net cash provided by operating activities$55,042  $68,000 Purchases of property and equipment (4,971)  (2,339)Capitalized internal-use software (1,048)  (325)Free cash flow$49,023  $65,336 Cash paid for acquisition-related costs$12,555  $1,651 Adjusted free cash flow$61,578  $66,987         

Varonis Systems (VRNS - Free Report) reported $173.13 million in revenue for the quarter ended March 2026, representing a year-over-year increase of 26.9%. EPS of $0.06 for the same period compares to $0 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $165.61 million, representing a surprise of +4.54%. The company delivered an EPS surprise of +213.42%, with the consensus EPS estimate being -$0.05.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Varonis performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Revenues- Maintenance and Services: $5.17 million versus $7.22 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -68.5% change.Revenues- Term license subscriptions: $6.9 million versus the three-analyst average estimate of $5.7 million. The reported number represents a year-over-year change of -78.1%.Revenues- SaaS: $161.07 million versus $154.89 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +81.9% change.View all Key Company Metrics for Varonis here>>>

Shares of Varonis have returned +18.3% over the past month versus the Zacks S&P 500 composite's +12.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

April 29, 2026 Tuesday's MarketsS&P 500
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Source: Image created by Jester AI.

1. Enphase Falls After Earnings Slump Enphase Energy (ENPH +8.70%) dropped more than 10% in pre-market trading, after posting a 31% fall in non-GAAP earnings per share for its fiscal first quarter, year over year (YoY). Recommended in Stock Advisor by Team Rule Breakers, the maker of solar energy technology saw U.S. revenue fall sharply – against a backdrop of tariff costs and oil-focused energy priorities. Tougher domestic trading was offset in part by international expansion.

"Europe is increasingly becoming a battery-critical market": CEO Badrinarayanan Kothandaraman spoke of "solar and battery activations up healthy double digits across multiple European markets." But due to competition, he said "we are reducing our distributor list prices for batteries by approximately 10% in May, which follows a 20% reduction for microinverters already implemented from December." Management expects $280 to $310 million revenue in Q2: Following Q1 revenue of $282.9 million, we should see non-GAAP gross margins stable between 44% and 47% – as Enphase targets commercialization of next-generation products. 2. Up 23% Tuesday, Kiniksa Is More Than a One-Drug Story Kiniksa (KNSA +4.69%) is now a profitable, fast-growing biotech with a clear compounding path. ARCALYST is driving 50%+ growth w/ rising adoption, expanding prescribers, and multi-year patient use. This creates durable, recurring-like revenue. Penetration is still early, with meaningful upside as usage moves earlier in treatment. The company is reinvesting smartly. They're driving AI-powered marketing w/ targeted outreach. This should continue to accelerate growth. Its pipeline (KPL-387, KPL-1161) is designed to extend rather than disrupt the franchise with better dosing and convenience. Lots of cash generation oncoming and a large remaining market, Kiniksa is evolving into a long-term pharma franchise. It really is not a one-drug story.

3. Tuesday After-Market Earnings Roundup Booking Holdings (BKNG +1.92%) reported a 16% first-quarter revenue rise YoY, with 338 million room nights sold. Recommended by both Team Hidden Gems and Team Rule Breakers, the stock dipped 4% after hours on the back of slower growth expected in Q2 due to travel disruption from Middle East conflicts. T-Mobile (TMUS +0.33%) ticked up 2% in pre-market trading, after mixed Q1 results saw growth in customer numbers, but a net income fall due to integration costs. Management upped its targets, and now expects 950,000 to 1.05 million new accounts for the full year. T-Mobile is a longtime SA rec by Team Rule Breakers. Varonis (VRNS +1.70%) – recommended in SA by Team Hidden Gems – popped around 15% before the market opened. Q1 Software-as-a-Service (SaaS) revenue smashed through the company's own expectations, with an 82% jump YoY – as total revenue grew 27%. The company lifted full-year SaaS Annual Recurring Revenue guidance, now expecting growth of 27% to 32%. 4. Today's Notable Fool Favorite Results Fiverr (FVRR 2.08%) reported a 1.6% YoY revenue dip in Q1 this morning, though it did beat management expectations. Founder and CEO Micha Kaufman spoke of "early momentum of our AI-led transformation," as the company shifts "from a transactional marketplace to a sophisticated work platform." The SA rec by Team Hidden Gems jumped over 10% in early trading. EMCOR (EME +4.63%) is poised to reveal Q1 earnings before today's opening bell, after posting a 20% YoY rise in revenue in Q4 of fiscal 2025. The stock is 54% ahead of the S&P 500 since November 2024's SA rec by Team Hidden Gems. eBay (EBAY +3.01%) is due to unveil Q1 figures this afternoon, after the online marketplace pioneer saw revenue jump 15% YoY in its previous quarter. The Dividend Investor rec has raised its annual dividend for 7 years in a row. 5. Your Take Which two of the Magnificent Seven do you think will be the best performers over the next 5 years, and why?

Debate with friends and family, or become a member to hear what your fellow Fools are saying!

This image and article was created using Large Language Models (LLMs) based on The Motley Fool's insights and investing approach. It has been reviewed by our AI quality control systems. Since LLMs cannot (currently) own stocks, it has no positions in any of the stocks mentioned. The Motley Fool has positions in and recommends Booking Holdings, EMCOR Group, Fiverr International, Kiniksa Pharmaceuticals International, Plc, Varonis Systems, and eBay. The Motley Fool recommends Enphase Energy and T-Mobile US. The Motley Fool has a disclosure policy.

, /PRNewswire/ -- Kuehn Law, PLLC, a shareholder litigation law firm, is investigating whether certain officers and directors of Varonis Systems, Inc. (NASDAQ: VRNS) breached their fiduciary duties to shareholders.

According to a federal securities lawsuit, Insiders at Varonis caused the company to misrepresent or fail to disclose the true state of Varonis' ability to convert its existing customer base; notably, that it was not truly equipped to convince existing users of the benefits of converting to the SaaS offering or otherwise maintain those customers on its platform, resulting in significantly reduced ARR growth potential in the near-term.

If you currently own VRNS and purchased prior to February 4, 2025 please contact Justin Kuehn, Esq. by email at [email protected] or call (833) 672-0814. Kuehn Law pays all case costs and does not charge its investor clients. Shareholders should contact the firm immediately as there may be limited time to enforce your rights.

Why Your Participation Matters:

As a shareholder your voice matters, and by getting involved, you contribute to the integrity and fairness of the financial markets. Your investment. Your voice. Your future.™

For additional information, please visit Shareholder Derivative Litigation - Kuehn Law.

Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts:
Kuehn Law, PLLC
Justin Kuehn, Esq.
53 Hill Street, Suite 605
Southampton, NY 11968
[email protected]
(833) 672-0814

SOURCE Kuehn Law, PLLC

Philadelphia, Pennsylvania--(Newsfile Corp. - May 3, 2026) - Grabar Law Office is investigating claims on behalf of shareholders of Varonis Systems, Inc. (NASDAQ: VRNS). The investigation concerns whether certain officers and directors breached the fiduciary duties they owed to the company.

If you purchased Varonis Systems, Inc. (NASDAQ: VRNS), prior to February 4, 2025, and still hold shares today, you can seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to you whatsoever. You are encouraged to visit https://grabarlaw.com/the-latest/varonis-shareholder-investigation/, contact Joshua Grabar at [email protected], or call 267-507-6085.

WHY? As alleged in an underlying securities fraud class action complaint, Varonis Systems, Inc. (NASDAQ: VRNS), through certain of its officers, provided investors with materially false or misleading information concerning Varonis' expected annual recurring revenue ("ARR") for the fiscal year 2025. Defendants' statements included, among other things, confidence in the Company's ability to maintain ARR projections while converting both its federal and non-federal existing on-prem customers to the software-asa-service ("SaaS") alternative offering. Such statements were made while failing to disclose material adverse facts concerning the true state of Varonis' ability to convert its existing customer base; notably, that it was not truly equipped to convince existing users of the benefits of converting to the SaaS offering or otherwise maintain those customers on its platform, resulting in significantly reduced ARR growth potential in the near-term. When Varonis announced its financial results for the third quarter of fiscal 2025, disclosing a significant miss to ARR and reducing its projections for the full fiscal year 2025, the stock suffered a massive single-day decline of over 48%.

WHAT YOU CAN DO NOW: If you purchased Varonis Systems, Inc. (NASDAQ: VRNS), prior to February 4, 2025, and still hold shares today, you are encouraged to visit https://grabarlaw.com/the-latest/varonis-shareholder-investigation/, contact Joshua Grabar at [email protected], or call 267-507-6085. You can seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to you whatsoever.

#Varonis #VRNS $VRNS

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Joshua H. Grabar, Esq.
Grabar Law Office
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Philadelphia, PA 19103
Tel: 267-507-6085
Email: [email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/295678

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MIAMI, May 06, 2026 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (Nasdaq: VRNS), the data and AI security leader, today announced the winners of its annual Partners in Excellence awards.

The program recognizes channel partners who worked diligently to deliver Varonis’ top-ranked security solutions to customers worldwide. Varonis leadership selected the winners based on their accomplishments during the previous year.

“AI is changing the enterprise stack, with agents accessing data directly, at machine speed — and security must evolve with it,” said Patrick Fleming, VP of Global Channel at Varonis. “Our Partners in Excellence winners understand and embrace this shift, and they are helping customers modernize security while enabling safe AI use. Congratulations to this year’s winners!”

Varonis Partners in Excellence Award Winners

Global Award Winners
Partner of the Year – CDW
Growth Partner of the Year – World Wide Technology
Marketplace Partner of the Year – Optiv

NAM Award Winners
Partner of the Year, North America – GuidePoint Security
Regional Excellence Partner of the Year, North America – Alchemy Technology Group

EMEA Award Winners
Partner of the Year, EMEA – Softcat
Regional Excellence Partner of the Year, EMEA – SCC

APAC Award Winners
Partner of the Year, APAC – Altisec Technologies 
Regional Excellence Partner of the Year, APAC – CyberCX 

About the Varonis Partners in Excellence Awards
The annual awards recognize outstanding partners that delivered exceptional business results and demonstrated a deep commitment to customers throughout 2025. Award recipients stood out by excelling in three key areas: delivering outstanding customer outcomes, achieving sustained business growth, and maintaining strategic alignment with Varonis.

Additional Resources

Find a Varonis partner on the Varonis Partner Locator.See Varonis in action: schedule a 30-minute demo.For more information on Varonis' solution portfolio, please visit www.varonis.com.Visit our blog and join the conversation on LinkedIn and YouTube.  About Varonis
Varonis (Nasdaq: VRNS) secures AI and the data that powers it. The Varonis platform gives organizations automated visibility and control over their critical data wherever it lives and ensures safe and trustworthy AI from code to runtime. Backed by 24x7x365 managed detection and response, Varonis gives thousands of organizations worldwide the confidence to adopt AI, reduce data exposure, and stop AI-powered threats.

Investor Relations Contact:
Tim Perz
Varonis Systems, Inc.
646-640-2112
[email protected]

News Media Contact:
Rachel Hunt
Varonis Systems, Inc.
877-292-8767 (ext. 1598)
[email protected]

May 12, 2026 16:05 ET  | Source: Varonis Systems, Inc.

MIAMI, May 12, 2026 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (Nasdaq: VRNS), the data and AI security leader, announced its participation at the following upcoming conferences:

J.P. Morgan 2026 Global Technology, Media and Communications Conference, May 18 – 20, in Boston. The presentation is scheduled for May 19 at 10:05 a.m. ET.TD Cowen 54th Annual Technology, Media & Telecom Conference, May 27 – 28, in New York. The presentation is scheduled for May 28 at 10:50 a.m. ET.William Blair 46th Annual Growth Stock Conference, June 2 – 4, in Chicago. The presentation is scheduled for June 2 at 12:00 p.m. CT.
The audio presentations will be webcast live and available by visiting the "Investor Relations" section of Varonis' website at ir.varonis.com. The webcasts will be archived on the website for a limited time following the conferences.

Additional Resources

For more information on Varonis' solution portfolio, please visit www.varonis.com.Visit our blog, and join us on LinkedIn and YouTube. About Varonis

Varonis (Nasdaq: VRNS) secures AI and the data that powers it. The Varonis platform gives organizations automated visibility and control over their critical data wherever it lives and ensures safe and trustworthy AI from code to runtime. Backed by 24x7x365 managed detection and response, Varonis gives thousands of organizations worldwide the confidence to adopt AI, reduce data exposure, and stop AI-powered threats.

Investor Relations Contact:
Tim Perz
Varonis Systems, Inc.
646-640-2112
[email protected]

News Media Contact:
Rachel Hunt
Varonis Systems, Inc.
877-292-8767 (ext. 1598)
[email protected]

The data and AI security leader extends visibility and alerting with deeper integration with Claude Enterprise and Claude Platform May 21, 2026 13:00 ET  | Source: Varonis Systems, Inc.

MIAMI, May 21, 2026 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (Nasdaq: VRNS), today announced an integration with the Claude Compliance API. The integration brings Anthropic’s Claude Enterprise and Claude Platform activity into Varonis' Atlas AI Security Platform.

Security and governance teams use Atlas to monitor AI usage across their organizations and alert on misuse — whether employees are using Claude Enterprise for knowledge work and analysis, or development teams are using Claude Platform to build AI-powered applications and agents.

As AI systems become deeply embedded in enterprise workflows, the security stack must keep pace. When AI agents are involved, data is accessed directly, at machine speed, at a scale that outpaces human oversight. Visibility into what those systems are doing, and what data they can reach, is no longer optional.

“Every AI system you deploy is a direct path to your data — no application layer, no built-in security controls, no speed limit. You can’t secure what you can’t see,” said Ron Bennatan, VP of AI and Data Security Strategy at Varonis. “Our integration with the Claude Compliance API gives security teams visibility into Claude usage across the enterprise: what’s being used, by whom, and whether it’s aligned with policy.”

Extending Visibility and Oversight to Claude Enterprise
Claude Enterprise gives every employee access to chat, Claude Code, and Claude Cowork — empowering teams across the organization to work faster, produce better outcomes, and tackle more complex challenges.

Varonis Atlas ingests Claude Enterprise activity and administrative events, enabling security and governance teams to:

Monitor conversational content, including chats, uploaded files, and projectsDetect anomalies and misuse in real timeMaintain audit records to support internal governance and compliance assessments
Supporting Secure Development on Claude Platform
The Claude Platform is a powerful, customizable system to build AI-enabled products, services, and agents — with frontier Claude models, a builder-first developer experience, and connections to your data and systems via MCP and skills.

As development teams scale AI to the application layer, Atlas provides visibility into how those systems are built and how they operate:

Monitor assistants and agents created with Claude PlatformStore audit events and generate real-time alerts on risky behaviorProactively stress-test assistants and agents for vulnerabilities, including prompt injection
AI Security with Data Context
Atlas connects AI activity to the underlying data: what’s sensitive, who has access, and whether that access is appropriate. This integration is part of Varonis’ broader platform approach to securing AI across its lifecycle — from discovery and posture management to runtime protection and governance.

Varonis’ integration with the Claude Compliance API is available today. Organizations can begin with a free trial with full access to Atlas’ AI inventory, posture management, security testing, runtime guardrails, and compliance reporting functionality.

Additional Resources

Learn more about Varonis’ integration with Compliance API.Learn more on the Varonis website.Request your Varonis Atlas demo.Visit our blog, and join the conversation on LinkedIn and YouTube. About Varonis
Varonis (Nasdaq: VRNS) secures AI and the data that powers it. The Varonis platform gives organizations automated visibility and control over their critical data wherever it lives and ensures safe and trustworthy AI from code to runtime. Backed by 24x7x365 managed detection and response, Varonis gives thousands of organizations worldwide the confidence to adopt AI, reduce data exposure, and stop AI-powered threats.

Investor Relations Contact:
Tim Perz
Varonis Systems, Inc.
646-640-2112

[email protected] Media Contact:
Rachel Hunt
Varonis Systems, Inc.
877-292-8767 (ext. 1598)

[email protected]

A month has gone by since the last earnings report for Varonis Systems (VRNS - Free Report) . Shares have added about 10.8% in that time frame, outperforming the S&P 500.

Will the recent positive trend continue leading up to its next earnings release, or is Varonis due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.

VRNS Q1 Earnings Surpass Expectations, Revenues Increase Y/YVaronis Systems came out with first-quarter 2026 earnings of 6 cents per share, in contrast to the Zacks Consensus Estimate of a loss of 5 cents.

VRNS posted revenues of $173.13 million in the first quarter of 2026, beating the Zacks Consensus Estimate by 4.5%. This compares with year-ago revenues of $136.4 million.

Varonis’ strong performance in the first quarter of 2026 can be attributed to SaaS momentum and rising demand for automated compliance products.

VRNS Revenue Mix Skews Further Toward SaaSVaronis continued to benefit from its SaaS transition in the first quarter of 2026. SaaS revenues rose to $161.1 million compared with $88.6 million in the year-ago quarter, highlighting the expanding base of cloud-delivered contracts.

Legacy streams continued to contract as customers shifted to the SaaS platform. Term license subscription revenues declined to $6.9 million from $31.5 million a year ago, while maintenance and services revenues fell to $5.2 million from $16.4 million, with management attributing most of the declines to conversions.

Varonis Tightens Profitability Despite Transition HeadwindsNon-GAAP gross profit for the quarter was $134.9 million, translating to a gross margin of 77.9%, down from 80.2% in the prior-year period. The modest compression aligns with the company’s broader SaaS revenue recognition dynamics and ongoing platform evolution.

On the cost side, non-GAAP operating expenses totaled $136.3 million. That produced a non-GAAP operating loss of $1.4 million compared with a $6.5 million loss a year earlier, with operating margin narrowing to negative 0.8% from negative 4.7%.

VRNS Cash Generation Remains Solid, Buybacks ContinueAs of March 31, 2026, Varonis had $899.5 million in cash, cash equivalents, marketable securities and short-term deposits, down from $921 million at the end of the previous quarter.

Varonis generated $49.0 million of free cash flow in the first quarter compared with $65.3 million a year ago. The company noted that results included acquisition-related costs, and adjusted free cash flow was $61.6 million for the period.

The company also returned capital via repurchases, buying back 5,355,445 shares at an average price of $24.67 for a total of $132.1 million.

Varonis Leans Into AI Security and Expanding Use CasesTotal SaaS ARR in the reported quarter was $683.2 million, up 69% year over year, reflecting both organic subscription expansion and the ongoing conversion of customers to the SaaS platform. Management reported $11.3 million of conversion ARR in the quarter and finished with about $83.7 million of non-SaaS ARR remaining.

Operationally, management emphasized accelerating demand tied to securing enterprise data for AI adoption, pointing to customer traction in managed detection and response capabilities and AI-related offerings. The company also highlighted early customer interest in newer products added through acquisitions, including Atlas, positioning it as a control plane for AI models, agents and pipelines that complements Varonis’ data security platform.

VRNS Raises Full-Year View and Guides Q2 for GrowthFor the second quarter of 2026, Varonis expects revenues to be in the range of $175-$178 million, implying 15-17% year-over-year growth.

The company projects breakeven to earnings of a penny per diluted share for the second quarter of 2026.

It also expects SaaS ARR growth to be in the range of 24-25% year over year, excluding conversions.

For full-year 2026, management raised its outlook and now expects revenues to be between $731 million and $737 million, implying growth of 17-18% year over year.

The company projects total SaaS ARR between $814 million and $845 million and free cash flow to be in the range of $100-$105 million.

VRNS’ non-GAAP operating income is expected to be in the band of $7-$9 million and non-GAAP earnings between 11 cents and 12 cents.

How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a downward trend in fresh estimates.

VGM ScoresCurrently, Varonis has a nice Growth Score of B, though it is lagging a lot on the Momentum Score front with an F. Following the exact same course, the stock was allocated a grade of F on the value side, putting it in the fifth quintile for this investment strategy.

Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Interestingly, Varonis has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.