Varonis Systems, Inc. (BMV:VRNS)
Mexico flag Mexico · Delayed Price · Currency is MXN
424.59
-158.97 (-27.24%)
At close: Feb 17, 2026

Varonis Systems Income Statement

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 2020 - 2016
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21 2020 - 2016
Revenue
623.53550.95499.16473.63390.13
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Revenue Growth (YoY)
13.17%10.38%5.39%21.40%33.29%
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Cost of Revenue
131.9793.8571.7569.8459.4
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Gross Profit
491.56457.1427.41403.8330.74
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Selling, General & Admin
400.26377.99360.79347.15291.55
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Research & Development
237.81196.77183.84177.88137.88
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Operating Expenses
638.07574.75544.63525.03429.43
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Operating Income
-146.51-117.65-117.22-121.23-98.69
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Interest Expense
-11.81-6.72-4.71-4.65-10.04
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Interest & Investment Income
49.9530.3625.2110.070.16
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Currency Exchange Gain (Loss)
-7.15-0.830.925.15-1.7
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Other Non Operating Income (Expenses)
-0.79-0.86-0.46-0.5-0.57
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EBT Excluding Unusual Items
-116.32-95.7-96.27-111.16-110.84
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Gain (Loss) on Sale of Investments
-12.699.350.34-
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Pretax Income
-116.32-83.01-86.92-110.82-110.84
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Income Tax Expense
1312.761413.76.02
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Net Income
-129.32-95.77-100.92-124.52-116.86
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Net Income to Common
-129.32-95.77-100.92-124.52-116.86
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Shares Outstanding (Basic)
114112109109105
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Shares Outstanding (Diluted)
114112109109105
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Shares Change (YoY)
2.46%2.31%-0.13%3.77%11.63%
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EPS (Basic)
-1.13-0.86-0.92-1.14-1.11
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EPS (Diluted)
-1.13-0.86-0.92-1.14-1.11
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Free Cash Flow
134.8108.5154.320.48-3.31
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Free Cash Flow Per Share
1.180.970.500.00-0.03
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Gross Margin
78.83%82.97%85.63%85.26%84.78%
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Operating Margin
-23.50%-21.35%-23.48%-25.60%-25.30%
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Profit Margin
-20.74%-17.38%-20.22%-26.29%-29.95%
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Free Cash Flow Margin
21.62%19.69%10.88%0.10%-0.85%
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EBITDA
-134.21-106.53-105.52-109.05-87.81
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EBITDA Margin
-21.52%-19.34%-21.14%-23.02%-22.51%
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D&A For EBITDA
12.3111.1311.712.1810.89
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EBIT
-146.51-117.65-117.22-121.23-98.69
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EBIT Margin
-23.50%-21.35%-23.48%-25.60%-25.30%
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Revenue as Reported
623.53550.95499.16473.63390.13
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Source: S&P Capital IQ. Standard template. Financial Sources.