VRNS

In October 2025, Varonis' stock plummeted nearly 49% after Q3 2025 financial results revealed a 63.9% year-over-year plunge in term license subscription revenues and a lowered full-year ARR guidance, triggering a securities fraud investigation. In September 2025, Varonis acquired SlashNext for $150 million, and in February 2026, it acquired AI start-up AllTrue.ai (now known as Atlas) for $150 million. Varonis reported strong Q1 2026 earnings on April 28, 2026, surpassing expectations with an EPS of $0.06 and revenue of $173.1 million, driven by a 27% year-over-year revenue increase and a 69% year-over-year growth in SaaS ARR to $683.2 million. Following the Q1 beat, multiple analysts increased their price targets for VRNS, and the company raised its full-year 2026 guidance. In May 2026, Varonis announced its 2026 Partners in Excellence award winners, highlighting momentum in AI data security. A lingering securities class action investigation related to 2025 ARR guidance remains a modest overhang.