Varonis Systems stock holds at USD 52.40 as SaaS growth remains key

Published on 09/22/2026 at 17:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Varonis Systems stock traded at USD 52.40 on September 22, 2026, while its latest quarter showed 19.0 percent revenue growth. SaaS transition remains central.

VRNS, US9222801022, Illustration mit AI erstellt.

Varonis Systems stock (ISIN US9222801022) traded at USD 52.40 on Nasdaq on September 22, 2026, giving the cybersecurity company a dated market reference as investors assess its shift toward subscription software. The latest reported quarter recorded revenue growth of 19.0 percent, keeping recurring sales at the center of the investment case.

Subscription growth shapes the story

Varonis reported revenue of USD 135.3 million for the second quarter of 2026, up 19.0 percent from USD 113.7 million in the second quarter of 2025. The comparison matters because the company is moving customers toward its SaaS platform, making recurring revenue and the pace of migration more important than a single quarter's license mix.

In the same quarter, SaaS revenue reached USD 70.2 million, compared with USD 43.5 million a year earlier. That increase of USD 26.7 million shows how quickly the subscription business has become a larger part of the revenue base, although the transition also changes the timing of reported billings and cash collection.

Cash flow offsets transition costs

Varonis generated USD 39.6 million of free cash flow in the second quarter of 2026, compared with USD 34.1 million in the prior-year period. The USD 5.5 million increase gives the company additional financial capacity while it continues investing in cloud delivery, sales and customer conversion.

For investors, the central comparison is therefore not only revenue growth but also the relationship between subscription expansion and cash generation. A larger SaaS contribution can improve the visibility of future revenue, while the reported free-cash-flow increase provides a measurable counterweight to the costs of the business-model transition.

Stock trades on Nasdaq

At USD 52.40 on September 22, 2026, Varonis Systems stock provides the market's latest visible valuation reference. The price belongs to the Nasdaq listing and is stated in the issuer's original currency, avoiding a comparison with secondary quotations in other venues.