Varonis completes $135M buyback as Israel war, tariffs, and cloud risks enter disclosure

Filed April 29, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 7, 2025 · ~1 min read

Key Changes

• high

  Completed $135M share repurchase program in Q1 2026, buying 5.4M shares at avg $25.13. Bulk purchased in February at $24.72, suggesting opportunistic timing during price weakness.

  Item 2: Share Repurchase Activity verify on EDGAR →
• high

  April 2025 tariffs flagged as new economic risk that may tighten IT budgets and lengthen sales cycles. Combined with inflation and higher rates, could reduce enterprise spending on data security.

  Risk Factors: Economic Downturn verify on EDGAR →
• high

  Primary R&D facility in Israel currently operating during active war (began Oct 2023). Employees called to reserve duty; insurance excludes war losses. Regional instability could disrupt operations.

  Risk Factors: Israel Operations verify on EDGAR →