
• Reported GAAP EPS of -$0.32 • Reported revenue of $173.13M up 26.90% YoY • Varonis raised its full-year 2026 guidance, expecting total SaaS ARR growth of 27% to 32%, revenues of $731.0 million to $737.0 million, and non-GAAP operating income of $7.0 million to $9.0 million.
Bullish
Varonis achieved strong Q1 SaaS ARR and revenue growth, reflecting healthy demand and leading to raised full-year guidance, further bolstered by the strategic launch of Varonis Atlas.
Bearish
Varonis experienced an increased GAAP operating loss and decreased cash flow from operations year-over-year, alongside facing competitive pressures including longer sales cycles and pricing changes.