Varonis(VRNS) - 2025 Q1 - Quarterly Results

EXHIBIT 99.1 Total revenues were $136.4 million, compared with $114.0 million in the first quarter of 2024. SaaS revenues were $88.6 million, compared with $34.0 million in the first quarter of 2024. Term license subscription revenues were $31.5 million, compared with $56.0 million in the first quarter of 2024, with the vast majority of the decline driven by customers converting to our SaaS platform. Maintenance and services revenues were $16.4 million, compared with $24.1 million in the first quarter of 20 ...