Guy Melamed

“Our first quarter performance represents a strong start to 2026, and we are excited by the momentum we are seeing in the business. Demand was healthy across both new logos and existing customers, and we are excited to raise our full year guidance after our strong start to the year.”

“We are excited by the momentum we are seeing in our SaaS business, which now accounts for the vast majority of our ARR.”

“As Yaki mentioned, we see Varonis as 2 companies: our healthy SaaS business, which now represents 76% of our total ARR or approximately $545 million, and our on-prem business, whose weaker performance is masking the underlying growth of SaaS in total company results.”

“Our second quarter performance represents a continuation of our solid start to the year. We again saw strong ARR growth and free cash flow generation as well as continued progress towards the completion of our SaaS transition.”

“Our first quarter performance represents a solid start to the year, highlighted by an acceleration in ARR growth, sustained improvement in free cash flow, and continued progress towards the completion of our SaaS transition.”