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Revenue by Segment
Analyzes revenue from different business units or product lines, showing which areas drive growth and where there might be potential for expansion or need for improvement.
Varonis is unmistakably shifting from legacy maintenance/services toward a subscription-first model: subscription revenue has accelerated sharply since 2023 while maintenance & services has declined steadily. That mix shift improves revenue quality and supports margin expansion and higher recurring ARR visibility, but it also concentrates growth on subscription retention and upsells—so monitor ARR growth, churn and deferred revenue composition for sustainability and any recognition/timing risks as legacy revenue fades.
VRNS Revenue by Segment
| Date | Subscriptions | Maintenance and Services |
|---|---|---|
| Jun 30, 2026 | $175.89M | $4.13M |
| Mar 31, 2026 | $167.96M | $5.17M |
| Dec 31, 2025 | $163.28M | $10.09M |
| Sep 30, 2025 | $150.64M | $10.94M |
| Jun 30, 2025 | $138.27M | $13.89M |
| Mar 31, 2025 | $120.05M | $16.38M |
| Dec 31, 2024 | $138.99M | $19.53M |
| Sep 30, 2024 | $126.56M | $21.51M |
| Jun 30, 2024 | $107.51M | $22.83M |
| Mar 31, 2024 | $89.97M | $24.06M |
| Dec 31, 2023 | $129.16M | $24.93M |
| Sep 30, 2023 | $97.68M | $24.63M |
| Jun 30, 2023 | $91.09M | $24.33M |
| Mar 31, 2023 | $82.97M | $24.36M |
| Dec 31, 2022 | $116.73M | $25.89M |
| Sep 30, 2022 | $96.05M | $27.26M |
| Jun 30, 2022 | $84.38M | $27.07M |
| Mar 31, 2022 | $68.98M | $27.28M |
| Dec 31, 2021 | $96.97M | $29.61M |
| Sep 30, 2021 | $70.35M | $30.00M |
| Jun 30, 2021 | $58.40M | $30.02M |
| Mar 31, 2021 | $45.11M | $29.67M |
| Dec 31, 2020 | $63.13M | $32.07M |
| Sep 30, 2020 | $44.46M | $32.29M |
| Jun 30, 2020 | $34.33M | $32.24M |
| Mar 31, 2020 | $20.75M | $33.42M |
| Dec 31, 2019 | $38.35M | $34.21M |
| Sep 30, 2019 | $31.60M | $34.05M |
| Jun 30, 2019 | $26.35M | $33.27M |
| Mar 31, 2019 | $22.53M | $33.83M |
