VRNS
VARONIS SYSTEMS INC
NASDAQ · Technology · Software - Infrastructure · US
$48.99
+0.05%Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 716.0M | 623.5M | 551.0M | 499.2M | 473.6M |
| Cost of Revenue | 169.5M | 130.1M | 93.8M | 71.8M | 69.8M |
| Gross Profit | 546.4M | 493.4M | 457.1M | 427.4M | 403.8M |
| Operating Expenses | |||||
| R&D Expense | 286.4M | 237.8M | 196.8M | 183.8M | 177.9M |
| SG&A Expense | 422.1M | 400.3M | 367.1M | 375.1M | 343.3M |
| General & Admin Expense | 103.8M | 98.9M | — | — | — |
| Selling & Marketing Expense | 318.2M | 301.3M | — | — | — |
| Other Expenses | 1.1M | — | — | — | — |
| Total Operating Expenses | 709.5M | 638.1M | 563.9M | 558.9M | 521.2M |
| Cost and Expenses | 879.1M | 770.0M | 657.8M | 630.6M | 591.0M |
| Operating Income (EBIT) | (163.1M) | (146.5M) | (106.8M) | (131.5M) | (117.4M) |
| Non-Operating | |||||
| Interest Income | 9.9M | 49.9M | 43.0M | 34.6M | 10.4M |
| Interest Expense | 763.0K | 12.9M | 8.3M | 4.7M | 7.3M |
| Net Interest Income | 9.2M | 37.0M | 34.7M | 29.9M | 3.1M |
| Other Non-Op Income/Expense | 18.3M | 30.2M | 23.8M | 44.6M | 6.6M |
| Non-Operating Income (excl Interest) | (9.9M) | (30.2M) | (32.1M) | (49.2M) | (13.9M) |
| EBT (Pre-Tax Income) | (144.7M) | (116.3M) | (83.0M) | (86.9M) | (110.8M) |
| Income Tax Expense | (8.7M) | 13.0M | 12.8M | 14.0M | 13.7M |
| Bottom Line | |||||
| Net Income | (146.8M) | (129.3M) | (95.8M) | (100.9M) | (124.5M) |
| Earnings from Cont. Ops | (136.0M) | (129.3M) | (95.8M) | (100.9M) | (124.5M) |
| Earnings from Discont. Ops | — | — | — | — | — |
| Bottom Line Net Income | (146.8M) | (129.3M) | (95.8M) | (100.9M) | (124.5M) |
| Per Share | |||||
| Basic EPS | ($1.32) | ($1.13) | ($0.86) | ($0.92) | ($1.14) |
| Diluted EPS | ($1.32) | ($1.13) | ($0.86) | ($0.92) | ($1.14) |
| Revenue Per Share | $6.23 | $4.83 | $4.93 | $4.57 | $4.33 |
| Shares | |||||
| Basic Shares Outstanding | 115.0M | 129.2M | 111.7M | 109.1M | 109.3M |
| Diluted Shares Outstanding | 115.0M | 129.2M | 111.7M | 109.1M | 109.3M |
| Profitability Metrics | |||||
| EBITDA | (137.3M) | (104.0M) | (63.6M) | (70.6M) | (82.0M) |
| D&A | 15.9M | 12.3M | 11.1M | 11.7M | 21.5M |
| EBIT | (105.5M) | (116.3M) | (74.7M) | (82.3M) | (103.5M) |
As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Sep 1, 2026