VRNS
Varonis Systems, Inc.
Stock
$47.57+0.12 (+0.25%)Close Oct 2, 2026
Income statement
| Line | Last 12 months | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $688M | $624M | $551M | $499M | $474M | $390M | $293M | $254M | $270M | $215M | $166M | $127M | $101M | $75M | $53M |
| Cost of revenue | $158M | $132M | $94M | $72M | $70M | $59M | $44M | $35M | $28M | $21M | $16M | $12M | $9.9M | $6.5M | $4.9M |
| Gross profit | $530M | $492M | $457M | $427M | $404M | $331M | $248M | $219M | $243M | $195M | $150M | $115M | $91M | $68M | $48M |
| R&D | $270M | $238M | $197M | $184M | $178M | $138M | $99M | $81M | $70M | $47M | $37M | $32M | $28M | $21M | $15M |
| SG&A | $411M | $400M | $378M | $361M | $347M | $292M | $227M | $214M | $202M | $161M | $125M | $102M | $81M | $53M | $35M |
| Operating income | −$151M | −$147M | −$118M | −$117M | −$121M | −$99M | −$78M | −$76M | −$29M | −$13M | −$12M | −$19M | −$17M | −$5.8M | −$1.6M |
| Non-operating income | $17M | $30M | $35M | $30M | $10M | −$12M | −$7.5M | −$389K | $970K | $2.4M | −$885K | −$1.5M | −$1.7M | −$1.3M | −$3.0M |
| Pretax income | −$134M | −$116M | −$83M | −$87M | −$111M | −$111M | −$86M | −$76M | −$28M | −$11M | −$13M | −$21M | −$19M | −$7.1M | −$4.6M |
| Taxes | $7.0M | $13M | $13M | $14M | $14M | $6.0M | $8.1M | $2.4M | $413K | $2.8M | $1.3M | $686K | $376K | $356K | $247K |
| Net income | −$141M | −$129M | −$96M | −$101M | −$125M | −$117M | −$94M | −$79M | −$29M | −$14M | −$14M | −$21M | −$19M | −$7.5M | −$4.8M |
| Diluted EPS | −$1.23 | −$1.13 | −$0.86 | −$0.92 | −$1.14 | −$1.11 | −$1.00 | −$0.87 | −$0.33 | −$0.17 | −$0.18 | −$0.28 | −$0.30 | −$0.64 | −$0.43 |
| Diluted shares | — | 114.4M | 111.7M | 109.1M | 109.3M | 105.3M | 94.3M | 90.8M | 87.1M | 82.4M | 79.2M | 75.6M | 63.7M | 11.6M | 11.3M |
| Revenue growth | — | +13.2% | +10.4% | +5.4% | +21.4% | +33.3% | +15.1% | −6.0% | +25.5% | +29.9% | +30.4% | +25.5% | +35.8% | +39.7% | — |
| Gross margin | 77.1% | 78.8% | 83.0% | 85.6% | 85.3% | 84.8% | 84.9% | 86.2% | 89.8% | 90.4% | 90.5% | 90.6% | 90.2% | 91.3% | 90.8% |
| Operating margin | −22.0% | −23.5% | −21.4% | −23.5% | −25.6% | −25.3% | −26.8% | −29.9% | −10.8% | −6.2% | −7.2% | −15.0% | −17.1% | −7.8% | −2.9% |
| Net margin | −20.5% | −20.7% | −17.4% | −20.2% | −26.3% | −30.0% | −32.1% | −31.0% | −10.6% | −6.4% | −8.6% | −16.7% | −19.1% | −10.0% | −9.1% |