Quarterly ResultJul 28, 2026, 04:18 PM
Varonis Q2 SaaS ARR up 52% to $726M; Revenue $180M
AI Summary
Varonis Systems, Inc. reported strong second-quarter 2026 financial results, with total SaaS Annual Recurring Revenue (ARR) increasing 52% year-over-year to $726.0 million. Total revenues reached $180.0 million, an 18.3% increase from the prior year. The company also achieved non-GAAP operating income of $3.7 million, a significant improvement from a loss in Q2 2025, and raised its full-year 2026 outlook for SaaS ARR growth.
Key Highlights
- Total SaaS ARR increased 52% year-over-year to $726.0 million.
- SaaS ARR, excluding conversions, grew 25% year-over-year.
- Total revenues for Q2 2026 were $180.0 million, up 18.3% YoY.
- Non-GAAP operating income was $3.7 million, compared to a $1.9 million loss in Q2 2025.
- Raised full-year 2026 SaaS ARR (ex-conversions) growth outlook to 20-21%.
- Full-year 2026 revenue outlook is $735.0 million to $739.0 million.
- Full-year 2026 non-GAAP operating income outlook is $11.0 million to $13.0 million.
- Cash and cash equivalents were $911.5 million as of June 30, 2026.
Price Impact
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