Varonis Systems, Inc. (VRNS)
NASDAQ: VRNS · Real-Time Price · USD
40.82
-1.46 (-3.45%)
Aug 20, 2026, 11:23 AM EDT - Market open
Varonis Systems Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
| 688.1 | 623.53 | 550.95 | 499.16 | 473.63 | 390.13 | |
Revenue Growth | 15.61% | 13.17% | 10.38% | 5.39% | 21.40% | 33.29% |
Cost of Revenue | 157.79 | 131.97 | 93.85 | 71.75 | 69.84 | 59.4 |
Gross Profit | 530.31 | 491.56 | 457.1 | 427.41 | 403.8 | 330.74 |
Selling, General & Admin | 409.41 | 399.6 | 377.99 | 360.79 | 347.15 | 291.55 |
Research & Development | 270.46 | 237.81 | 196.77 | 183.84 | 177.88 | 137.88 |
Operating Expenses | 679.87 | 637.41 | 574.75 | 544.63 | 525.03 | 429.43 |
Operating Income | -149.56 | -145.85 | -117.65 | -117.22 | -121.23 | -98.69 |
Interest Expense | -9.48 | -11.81 | -6.72 | -4.71 | -4.65 | -10.04 |
Interest & Investment Income | 43.62 | 49.95 | 30.36 | 25.21 | 10.07 | 0.16 |
Currency Exchange Gain (Loss) | -7.15 | -7.15 | -0.83 | 0.92 | 5.15 | -1.7 |
Other Non Operating Income (Expenses) | -8.93 | -0.79 | -0.86 | -0.46 | -0.5 | -0.57 |
EBT Excluding Unusual Items | -131.5 | -115.66 | -95.7 | -96.27 | -111.16 | -110.84 |
Merger & Restructuring Charges | -1.75 | -0.66 | - | - | - | - |
Gain (Loss) on Sale of Investments | -1.1 | - | 12.69 | 9.35 | 0.34 | - |
Pretax Income | -134.35 | -116.32 | -83.01 | -86.92 | -110.82 | -110.84 |
Income Tax Expense | 7.03 | 13 | 12.76 | 14 | 13.7 | 6.02 |
Net Income | -141.38 | -129.32 | -95.77 | -100.92 | -124.52 | -116.86 |
Net Income to Common | -141.38 | -129.32 | -95.77 | -100.92 | -124.52 | -116.86 |
Net Income Growth | - | - | - | - | - | - |
Shares Outstanding (Basic) | 116 | 114 | 112 | 109 | 109 | 105 |
Shares Outstanding (Diluted) | 116 | 114 | 112 | 109 | 109 | 105 |
Shares Change | 3.13% | 2.46% | 2.31% | -0.13% | 3.77% | 11.63% |
EPS (Basic) | -1.22 | -1.13 | -0.86 | -0.92 | -1.14 | -1.11 |
EPS (Diluted) | -1.22 | -1.13 | -0.86 | -0.92 | -1.14 | -1.11 |
EPS Growth | - | - | - | - | - | - |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 121.94 | 134.8 | 108.51 | 54.32 | 0.48 | -3.31 |
Free Cash Flow Per Share | 1.05 | 1.18 | 0.97 | 0.50 | 0.00 | -0.03 |
Gross Margin | 77.07% | 78.83% | 82.97% | 85.63% | 85.26% | 84.78% |
Operating Margin | -21.73% | -23.39% | -21.35% | -23.48% | -25.60% | -25.30% |
Profit Margin | -20.55% | -20.74% | -17.38% | -20.22% | -26.29% | -29.95% |
Free Cash Flow Margin | 17.72% | 21.62% | 19.69% | 10.88% | 0.10% | -0.85% |
EBITDA | -130.7 | -133.54 | -106.53 | -105.52 | -109.05 | -87.81 |
EBITDA Margin | -19.00% | -21.42% | -19.34% | -21.14% | -23.02% | -22.51% |
D&A For EBITDA | 18.86 | 12.31 | 11.13 | 11.7 | 12.18 | 10.89 |
EBIT | -149.56 | -145.85 | -117.65 | -117.22 | -121.23 | -98.69 |
EBIT Margin | -21.73% | -23.39% | -21.35% | -23.48% | -25.60% | -25.30% |
Revenue as Reported | 688.1 | 623.53 | 550.95 | 499.16 | 473.63 | 390.13 |