The following is a transcript of the Varonis Systems, Inc. (VRNS) Q1 2026 Earnings Call held on April 28, 2026.

Company Participants

  • Tim Perz - Vice President of Investor Relations
  • Yakov Faitelson - Co-Founder, Chairman, CEO & President
  • Guy Melamed - CFO & COO

Conference Call Participants

  • Saket Kalia - Barclays Bank PLC, Research Division
  • Robbie Owens - Piper Sandler & Co., Research Division
  • Abhishek Murli - Morgan Stanley, Research Division
  • Joshua Tilton - Wolfe Research, LLC
  • Roger Boyd - UBS Investment Bank, Research Division
  • Matthew Hedberg - RBC Capital Markets, Research Division
  • Brian Essex - JPMorgan Chase & Co, Research Division
  • Richard Poland - Wells Fargo Securities, LLC, Research Division
  • Michael Cikos - Needham & Company, LLC, Research Division
  • Joseph Gallo - Jefferies LLC, Research Division
  • Shaul Eyal - TD Cowen, Research Division
  • Rudy Kessinger - D.A. Davidson & Co., Research Division
  • Jason Ader - William Blair & Company L.L.C., Research Division
  • Jonathan Ruykhaver - Cantor Fitzgerald & Co., Research Division
  • Todd Weller - Stephens Inc., Research Division
  • Erik Suppiger - B. Riley Securities, Inc., Research Division
  • Shrenik Kothari - Robert W. Baird & Co. Incorporated, Research Division
  • Junaid Siddiqui - Truist Securities, Inc., Research Division
  • Fatima Boolani - Citigroup Inc., Research Division

Operator: Greetings, and welcome to the Varonis Systems, Inc. First Quarter 2026 Earnings Conference Call. [Operator Instructions] Please note, this conference is being recorded. I will now turn the conference over to your host, Tim Perz. Please go ahead.

Tim Perz: Thank you, operator. Good afternoon. Thank you for joining us today to review Varonis' first quarter 2026 financial results. With me on the call today are Yaki Faitelson, Chief Executive Officer; and Guy Melamed, Chief Financial Officer and Chief Operating Officer of Varonis.

During this call, we may make statements related to our business that would be considered forward-looking statements under federal securities laws, including...