CLAIM #65060 · Varonis Systems (VRNS) · 2026Q1 earnings call · Apr 28, 2026 · due Dec 31, 2026
“we're expected to finish the year just under $850 million”
Guy Melamed · CFO
How to check this claim
Look at: Total annual revenue (or ARR run-rate, as referenced) for fiscal year 2026
It came true if: Full-year figure just under $850 million (e.g., between $830 million and $850 million)
Where: Company income statement / annual revenue disclosure (10-K or Q4 earnings release)
In context
“Guy Melamed: The ability to go to new customers with our SaaS offering is very clear to us, and we have seen it throughout the transition. But obviously, where reps had to focus on the conversion, we talked a lot about the cannibalization of time. And as we kind of move past the transition, they can go back and focus on the new customer sell. And we've definitely seen that with the offering we have, we can reach to new customers that we didn't have the opportunity to do it before. If you look longer term, the expectation is that the platform that we have, the majority of the ACV should come from the existing base. We definitely see that opportunity as a significant one with the offering that we have. And when you have such a large base, and when you think about the run rate that we have, we're expected to finish the year just under $850 million, that's a big base of customers, thousands of customers that you can go back and sell them additional products and protect them in a way that will give them the comfort to use AI and be able to address the needs. So if you look longer term, we definitely believe that the contribution from existing SaaS customers should drive our growth. But again, with a focus on new customers and when you look at the comp plan, we made sure that reps would focus on both new customers and existing SaaS customers, and that's how they can make the most amount of money because we believe that, that should drive our trajectory and growth in the years ahead. Operator: And moving next to Junaid Siddiqui with Truist Securities. Junaid Siddiqui: I just wanted to ask, what are you seeing from customers that are ad”
Verify independently
SEC filings for VRNS ↗ · Claim quote is verbatim from the 2026Q1 earnings call.