VRNS — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-07-29

• Since inception, we have continued to scale our business and execute on strategic initiatives which we believe have positioned us for durable long-term growth. During the three and six months ended June 30, 2026, we have continued to grow our revenues despite revenue recognition accounting treatment…

• The following tables are a summary of our condensed consolidated statements of operations for the three months ended June 30, 2026 and 2025 in dollars and as a percentage of our total revenues.

• For the three months ended June 30, 2026, our revenues increased 18% compared to the three months ended June 30, 2025 despite existing customer conversions to SaaS which cause variations due to accounting treatment differences in revenue recognition for sales within the respective periods. SaaS reve…

• The increase in cost of revenues was primarily related to a $6.4 million increase in third-party hosting costs associated with our transition to a SaaS delivery model, a $3.0 million increase in salaries, benefits and stock-based compensation expense due to increased headcount for customer success p…

• The increase in research and development expenses was primarily related to a $14.7 million increase in salaries, benefits and stock-based compensation expense primarily due to increased headcount and conditional consideration related to the business acquisitions, an increase of $1.6 million in facil…

Text removed vs the prior filing · source: 10-Q · 2026-04-29

• Since inception, we have continued to scale our business and execute on strategic initiatives which we believe have positioned us for durable long-term growth. During the three months ended March 31, 2026, we have continued to grow our revenues despite revenue recognition accounting treatment variat…

• Comparison of the Three Months Ended March 31, 2026 and 2025

• The following tables are a summary of our condensed consolidated statements of operations for the three months ended March 31, 2026 and 2025 in dollars and as a percentage of our total revenues.

• For the three months ended March 31, 2026, our revenues increased 27% compared to the three months ended March 31, 2025 despite existing customer conversions to SaaS which cause variations due to accounting treatment differences in revenue recognition for sales within the respective periods. SaaS re…

• The increase in cost of revenues was primarily related to a $6.1 million increase in third-party hosting costs associated with our transition to a SaaS delivery model. The increase is also due to a $3.7 million increase in salaries, benefits and stock-based compensation expense due to increased head…

Text added vs the prior filing · source: 10-Q · 2026-07-29

• limitations imposed by the jurisdictions in which we operate. Similar events and restrictions in the future could negatively affect our business.

• Uncertainty in the global economy makes it extremely difficult for our customers and us to forecast and plan future business activities accurately. This could cause our customers to reevaluate decisions to purchase our product or to delay their purchasing decisions, which could lengthen our sales cy…

• Privacy and data protection laws in the United States and internationally are rapidly evolving and remain subject to uncertainty. U.S. federal, state, and foreign authorities have enacted, and continue to consider, laws governing the collection, use, disclosure, storage, and security of personal inf…

• Cross‑border data transfers from the European Economic Area and the UK to the United States rely on mechanisms such as standard contractual clauses, the UK’s International Data Transfer Agreement (or Addendum), and the EU–U.S. Data Privacy Framework (including its UK extension). In September 2025, t…

• attacks. Inadequate account security practices may also result in unauthorized access to confidential and/or sensitive data or loss of SaaS platform availability.

Text removed vs the prior filing · source: 10-Q · 2026-04-29

• Uncertainty in the global economy makes it extremely difficult for our customers and us to forecast and plan future business activities accurately. This could cause our customers to reevaluate decisions to purchase our product or to delay their purchasing decisions, which could lengthen our sales cy…

• Privacy and data protection laws in the United States and internationally are rapidly evolving and remain subject to uncertainty. U.S. federal, state, and foreign authorities have enacted, and continue to consider, laws governing the collection, use, disclosure, storage, and security of personal inf…

• Cross‑border data transfers from the European Economic Area and the UK to the United States rely on mechanisms such as standard contractual clauses, the UK’s International Data Transfer Agreement (or Addendum), and the EU–U.S. Data Privacy Framework (including its UK extension). In September 2025, t…

• Data Privacy Framework, providing near‑term stability for organizations that self‑certify to the framework; however, challenges and appeals remain possible, and the transfer landscape continues to evolve. Compliance with GDPR, the UK regime as amended by the Data (Use and Access) Act 2025, and other…

• Although our solutions are designed to increase the number of customers that purchase our products and the number of products purchased by existing and new customers to create a recurring revenue stream that increases and is more predictable over time, our customers are not required to renew their s…

Text added vs the prior filing · source: 10-Q · 2026-07-29

• During the fiscal quarter ended June 30, 2026, no director or officer adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.

Text removed vs the prior filing · source: 10-Q · 2026-04-29

• On February 11, 2026, Guy Melamed, our Chief Financial Officer and Chief Operating Officer, terminated a Rule 10b5–1 trading arrangement that was previously adopted on September 15, 2025. Mr. Melamed’s terminated Rule 10b5–1 trading arrangement would have expired on September 10, 2026, if not earlie…

• Except as described above, during the fiscal quarter ended March 31, 2026, no director or officer adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.