Varonis Announces Third Quarter 2026 Financial Results

MIAMI, Nov. 03, 2026 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (Nasdaq: VRNS), the data and AI security leader, today announced financial results for the third quarter ended September 30, 2026.

Financial Summary for the Third Quarter Ended September 30, 2026 * Total revenues were $189.5 million, compared with $161.6 million in the third quarter of 2025. * SaaS revenues were $185.1 million, compared with $125.8 million in the third quarter of 2025. * Term license subscription revenues were $1.2 million, compared with $24.8 million in the third quarter of 2025, with the vast majority of the decline driven by customers converting to our SaaS platform. * Maintenance and services revenues were $3.1 million, compared with $10.9 million in the third quarter of 2025, with the vast majority of the decline driven by customers converting to our SaaS platform. * GAAP operating loss was ($47.7) million, compared to GAAP operating loss of ($35.9) million in the third quarter of 2025. * Non-GAAP operating income was $7.6 million, compared to non-GAAP operating income of $0.2 million in the third 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 and nine months ended September 30, 2026 and 2025. An explanation of these measures is included below under the heading "Non-GAAP Financial Measures and Key Performance Indicators."