Financials in USD. Standardized financial statements.
A compact view of how Varonis Systems, Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $623.53M | $550.95M | $499.16M | $473.63M | $390.13M | $292.69M | $254.19M | $270.29M | $217.36M | $164.46M |
| Revenue Growth? | +13.2% | +10.4% | +5.4% | +21.4% | +33.3% | +15.1% | -6.0% | +24.3% | +32.2% | 0.0% |
| Cost of Revenue? | $130.09M | $93.85M | $71.75M | $69.84M | $59.40M | $44.26M | $35.14M | $27.68M | $20.87M | $15.84M |
| Gross Profit? | $493.44M | $457.10M | $427.41M | $403.80M | $330.74M | $248.43M | $219.05M | $242.60M | $196.49M | $148.61M |
| Gross Margin? | +79.1% | +83.0% | +85.6% | +85.3% | +84.8% | +84.9% | +86.2% | +89.8% | +90.4% | +90.4% |
| Operating Expenses? | $638.07M | $563.91M | $558.89M | $521.21M | $438.33M | $326.84M | $295.03M | $271.74M | $208.09M | $164.31M |
| Operating Income? | -$146.51M | -$106.81M | -$131.48M | -$117.41M | -$107.59M | -$78.42M | -$75.99M | -$29.14M | -$13.42M | -$15.69M |
| EBITDA? | -$104.01M | -$63.58M | -$70.55M | -$82.04M | -$80.15M | -$61.71M | -$60.83M | -$23.81M | -$7.54M | -$14.25M |
| Income Before Tax | -$116.32M | -$83.01M | -$86.92M | -$110.81M | -$110.84M | -$85.90M | -$76.38M | -$28.16M | -$11.23M | -$16.58M |
| Income Tax Expense | $13.00M | $12.76M | $14.00M | $13.70M | $6.02M | $8.11M | $2.39M | $413,000 | $2.79M | $1.13M |
| Net Income? | -$129.32M | -$95.77M | -$100.92M | -$124.52M | -$116.86M | -$94.01M | -$78.76M | -$28.58M | -$13.84M | -$17.71M |
| EPS? | $-1.13 | $-0.86 | $-0.92 | $-1.14 | $-1.11 | $-1.00 | $-0.87 | $-0.33 | $-0.17 | $-0.22 |
| Diluted EPS? | $-1.13 | $-0.86 | $-0.92 | $-1.14 | $-1.11 | $-1.00 | $-0.87 | $-0.33 | $-0.17 | $-0.22 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality