Varonis Systems, Inc. (VRNS) — Financial statements
Income statement, balance sheet, and cash flow for Varonis Systems, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 624↑13.2% | 551↑10.4% | 499↑5.4% | 474↑21.4% | 390 | |
| Cost of Revenue | 130↑38.6% | 94↑30.8% | 72↑2.7% | 70↑17.6% | 59 | |
| Gross Profit | 493↑8.0% | 457↑6.9% | 427↑5.8% | 404↑22.1% | 331 | |
| Operating Expenses | ||||||
| R&D Expenses | 238↑20.9% | 197↑7.0% | 184↑3.3% | 178↑29.0% | 138 | |
| General & Administrative Expenses | 99 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 301 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 400↑9.0% | 367↓2.1% | 375↑9.2% | 343↑14.3% | 300 | |
| Other Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Operating Expenses | 638↑13.2% | 564↑0.9% | 559↑7.2% | 521↑18.9% | 438 | |
| Total Costs & Expenses | 770↑17.1% | 658↑4.3% | 631↑6.7% | 591↑18.7% | 498 | |
| Operating Results | ||||||
| Operating Income | -147↓37.2% | -107↑18.8% | -131↓12.0% | -117↓9.1% | -108 | |
| Depreciation & Amortization | 12↑10.6% | 11↓4.9% | 12↓45.5% | 21↑12.3% | 19 | |
| EBITDA | -104↓63.6% | -64↑9.9% | -71↑14.0% | -82↓2.4% | -80 | |
| EBIT | -116↓55.7% | -75↑9.2% | -82↑20.5% | -104↓4.3% | -99 | |
| Interest & Other Income | ||||||
| Net Interest Income | 37↑6.6% | 35↑16.2% | 30↑858.2% | 3↑127.4% | -11 | |
| Interest Income | 50↑16.0% | 43↑24.5% | 35↑231.9% | 10↑6250.0% | 0.16 | |
| Interest Expense | 13↑55.4% | 8↑78.0% | 5↓36.1% | 7↓37.0% | 12 | |
| Non-Operating Income | -30↑6.0% | -32↑34.8% | -49↓254.4% | -14↓66.8% | -8 | |
| Other Income / Expenses | 30↑26.8% | 24↓46.6% | 45↑575.7% | 7↑303.3% | -3 | |
| Income Before Tax | -116↓40.1% | -83↑4.5% | -87↑21.6% | -111↑0.0% | -111 | |
| Income Tax Expense | 13↑1.9% | 13↓8.9% | 14↑2.2% | 14↑127.5% | 6 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -129↓35.0% | -96↑5.1% | -101↑19.0% | -125↓6.6% | -117 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | -129↓35.0% | -96↑5.1% | -101↑19.0% | -125↓6.6% | -117 | |
| Bottom-Line Net Income | -129↓35.0% | -96↑5.1% | -101↑19.0% | -125↓6.6% | -117 | |
| EPS (Basic) | -1.13↓31.4% | -0.86↑6.5% | -0.92↑19.3% | -1.14↓2.7% | -1.11 | |
| EPS (Diluted) | -1.13↓31.4% | -0.86↑6.5% | -0.92↑19.3% | -1.14↓2.7% | -1.11 | |
| Weighted Average Shares | 129↑15.7% | 112↑2.3% | 109↓0.1% | 109↑3.8% | 105 | |
| Weighted Average Diluted Shares | 129↑15.7% | 112↑2.3% | 109↓0.1% | 109↑3.8% | 105 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.