Earnings Releases·Nov 3, 2026, 4:10 PM ET

Varonis Systems — Third Quarter 2026 Earnings Summary

Total revenue reached $189.5 million for Q3 2026, up 17% year-over-year from $161.6 million, driven by a 47% surge in SaaS revenues to $185.1 million, while term license and maintenance revenues declined due to customer migration to the SaaS platform.
Non-GAAP operating income improved to $7.6 million in Q3 2026 from $0.2 million in the prior year, though GAAP operating loss widened to $47.7 million; for the nine months ended September 30, 2026, non-GAAP net income was $24.6 million versus $12.9 million in 2025.
SaaS ARR grew 42% year-over-year to $774.6 million, while the company reported $135.0 million in common stock repurchases and $113.6 million in acquisition spending during the first nine months of 2026.
Varonis will not provide forward-looking guidance or hold an earnings conference call due to its pending acquisition by Proofpoint, with risks centered on the successful consummation of the transaction and potential regulatory or stockholder approval delays.