VARONIS SYSTEMS INCVRNSEarnings & Financial Report
Varonis Systems, Inc. is a software company based in Miami, Florida with R&D offices in Herzliya, Israel. The company’s Data Security Platform analyzes data and data activity using the insights to identify data exposure risks stemming from access permissions and software-as-a-service (SaaS) app configurations, triggering automated remediation capabilities in response.
Revenue
$148.1M
Gross Profit
$124.1M
Operating Profit
$-23.6M
Net Profit
$-18.3M
Gross Margin
83.8%
Operating Margin
-16.0%
Net Margin
-12.4%
YoY Growth
21.1%
EPS
$-0.16
VARONIS SYSTEMS INC Q3 FY2024 Financial Summary
VARONIS SYSTEMS INC reported revenue of $148.1M (up 21.1% YoY) for Q3 FY2024, with a net profit of $-18.3M (up 20.4% YoY) (-12.4% margin). Cost of goods sold was $24.0M, operating expenses totaled $147.7M.
Key Financial Metrics
| Total Revenue | $148.1M |
|---|---|
| Net Profit | $-18.3M |
| Gross Margin | 83.8% |
| Operating Margin | -16.0% |
| Report Period | Q3 FY2024 |
VARONIS SYSTEMS INC Annual Revenue by Year
VARONIS SYSTEMS INC annual revenue history includes year-by-year totals (for example, 2025 revenue was $623.5M).
| Year | Annual Revenue |
|---|---|
| 2025 | $623.5M |
| 2024 | $551.0M |
| 2023 | $499.2M |
| 2022 | $473.6M |
VARONIS SYSTEMS INC Quarterly Revenue & Net Profit History
VARONIS SYSTEMS INC results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $173.1M | +26.9% | N/A | N/A |
| Q4 FY2025 | $173.4M | +9.4% | $-27.8M | -16.0% |
| Q3 FY2025 | $161.6M | +9.1% | $-29.9M | -18.5% |
| Q2 FY2025 | $152.2M | +16.7% | $-35.8M | -23.5% |
| Q1 FY2025 | $136.4M | +19.6% | $-35.8M | -26.2% |
| Q4 FY2024 | $158.5M | +2.9% | $-13.0M | -8.2% |
| Q3 FY2024 | $148.1M | +21.1% | $-18.3M | -12.4% |
| Q2 FY2024 | $130.3M | +12.9% | $-23.9M | -18.4% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $130.3M | $148.1M | $158.5M | $136.4M | $152.2M | $161.6M | $173.4M | $173.1M |
| YoY Growth | 12.9% | 21.1% | 2.9% | 19.6% | 16.7% | 9.1% | 9.4% | 26.9% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $1.09B | $1.52B | $1.66B | $1.58B | $1.62B | $1.67B | $1.79B | $1.63B |
| Liabilities | $636.2M | $1.09B | $1.21B | $1.21B | $1.27B | $1.06B | $1.19B | $1.18B |
| Equity | $458.6M | $428.6M | $455.7M | $367.7M | $341.5M | $604.8M | $598.7M | $453.5M |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $11.7M | $22.5M | $24.3M | $68.0M | $21.3M | $33.4M | $24.7M | $55.0M |