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Varonis Systems (VRNS) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

TECHNOLOGY · SOFTWARE - INFRASTRUCTURE · DATA UPDATED 2026-08-22

Varonis Systems (VRNS) operates in the SOFTWARE - INFRASTRUCTURE industry and is headquartered in Miami, United States with about 2,658 employees. Its market capitalization is roughly $5 billion. In the fiscal year ended 2025-12-31, VRNS reported $624M in revenue and ($129M) in net income.

Varonis Systems, Inc. provides software products and services that continuously discover and classify critical data, remediate exposures, and detect advanced threats with AI-powered technology in North America, Europe, APAC, and rest of worlds.

Interactive charts & full statements → Open the VRNS valuation workbench →

VRNS Revenue & Earnings History — Annual Income Statement

Income statement	TTM → 2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31
Total Revenue	$688M	$624M	$551M	$499M	$474M	$390M	$293M	$254M	$270M	$217M	$164M	$127M	$101M	$75M	$53M	$40M	$29M
Gross Profit	$530M	$493M	$457M	$427M	$404M	$331M	$248M	$219M	$243M	$196M	$149M	$115M	$91M	$68M	$48M	$36M	$26M
Gross Margin %	77.1%	79.1%	83.0%	85.6%	85.3%	84.8%	84.9%	86.2%	89.8%	90.4%	90.4%	90.5%	90.2%	91.3%	90.8%	91.1%	91.7%
Operating Income (EBIT)	($151M)	($147M)	($107M)	($117M)	($121M)	($108M)	($78M)	($76M)	($29M)	($13M)	($16M)	($19M)	($17M)	($6M)	($2M)	($3M)	($1M)
Operating Margin %	-22.0%	-23.5%	-19.4%	-23.5%	-25.6%	-27.6%	-26.8%	-29.9%	-10.8%	-6.2%	-9.5%	-15.0%	-17.1%	-7.8%	-2.9%	-8.6%	-4.1%
Net Income	($141M)	($129M)	($96M)	($101M)	($125M)	($117M)	($94M)	($79M)	($29M)	($14M)	($18M)	($21M)	($19M)	($7M)	($5M)	($4M)	($3M)
Net Margin %	-20.5%	-20.7%	-17.4%	-20.2%	-26.3%	-29.9%	-32.1%	-31.0%	-10.6%	-6.4%	-10.8%	-16.7%	-19.1%	-10.0%	-9.1%	-9.6%	-9.6%
EBITDA	($115M)	($104M)	($64M)	($117M)	($109M)	($80M)	($62M)	($61M)	($24M)	($8M)	($14M)	($19M)	($17M)	($6M)	($4M)	($2M)	($2M)
Earnings Per Share (EPS)	$-1.20	$-1.00	$-0.86	$-0.92	$-1.14	$-1.11	$-1.00	$-0.87	$-0.33	$-0.17	$-0.22	$-0.28	$-0.30	$-0.10	$-0.09	$-0.07	$-0.05
Shares Outstanding (M)	115M	129M	112M	109M	109M	105M	94M	91M	87M	82M	79M	76M	64M	72M	57M	57M	57M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

VRNS Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30
Total Revenue	$180M	$173M	$173M	$162M	$152M	$136M	$159M	$148M
Gross Profit	$136M	$132M	$137M	$126M	$121M	$107M	$132M	$124M
Gross Margin %	75.3%	76.0%	78.9%	78.2%	79.5%	78.7%	83.6%	83.8%
Operating Income (EBIT)	($41M)	($44M)	($30M)	($36M)	($37M)	($44M)	($14M)	($25M)
Operating Margin %	-22.6%	-25.7%	-17.5%	-22.2%	-24.0%	-32.1%	-8.9%	-16.7%
Net Income	($47M)	($37M)	($28M)	($30M)	($36M)	($36M)	($13M)	($18M)
Net Margin %	-26.0%	-21.3%	-16.0%	-18.5%	-23.5%	-26.2%	-8.2%	-12.4%
EBITDA	($33M)	($36M)	($20M)	($25M)	($29M)	($29M)	($7M)	($11M)
Earnings Per Share (EPS)	$-0.41	$-0.32	$-0.22	$-0.26	$-0.32	$-0.32	$-0.12	$-0.16
Shares Outstanding (M)	115M	116M	129M	115M	112M	113M	112M	112M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

VRNS Free Cash Flow History

Cash flow	TTM → 2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31
Cash from Operations (CFO)	$138M	$147M	$115M	$59M	$12M	$7M	($6M)	($11M)	$24M	$16M	$7M	($3M)	($7M)	$0M	$2M	$1M	$2M
Capital Expenditures (CapEx)	$16M	$13M	$7M	$5M	$11M	$10M	$10M	$25M	$10M	$5M	$4M	$5M	$2M	$1M	$1M	$1M	$1M
Free Cash Flow (FCF)	$122M	$135M	$109M	$54M	$0M	($3M)	($16M)	($36M)	$14M	$11M	$4M	($7M)	($9M)	($1M)	$1M	$1M	$1M
FCF Margin %	17.7%	21.6%	19.7%	10.9%	0.1%	-0.9%	-5.5%	-14.2%	5.2%	5.1%	2.1%	-5.7%	-9.3%	-1.7%	1.5%	1.8%	3.0%
Dividends Paid	—	—	—	—	—	—	$255M	—	—	$0M	$0M	$0M	$0M	—	—	—	—

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

VRNS Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30
Cash from Operations (CFO)	$25M	$55M	$25M	$33M	$21M	$68M	$24M	$22M
Capital Expenditures (CapEx)	$4M	$5M	$4M	$3M	$3M	$3M	$4M	$1M
Free Cash Flow (FCF)	$21M	$50M	$21M	$30M	$18M	$65M	$20M	$21M
FCF Margin %	11.5%	28.9%	12.0%	18.8%	12.0%	47.9%	12.6%	14.3%

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

VRNS Balance Sheet History

Balance sheet	2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31
Total Assets	$1.7B	$1.8B	$1.7B	$1.1B	$1.0B	$1.1B	$555M	$318M	$285M	$245M	$182M	$165M	$157M	$47M	$38M	$31M
Cash & Cash Equivalents	$234M	$202M	$186M	$231M	$368M	$806M	$234M	$69M	$49M	$57M	$48M	$49M	$77M	$10M	$15M	$13M
Total Liabilities	$1.2B	$1.2B	$1.2B	$614M	$542M	$512M	$461M	$225M	$160M	$131M	$99M	$82M	$62M	$46M	$37M	$27M
Total Debt (Short + Long-Term)	$453M	$452M	$712M	$261M	$259M	$327M	$218M	$62M	$51M	$41M	$27M	$22M	$17M	$0M	$0M	$0M
Total Shareholders' Equity	$444M	$599M	$456M	$490M	$502M	$597M	$94M	$94M	$125M	$102M	$83M	$84M	$95M	$4M	($37M)	($34M)

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive VRNS viewer.

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