Varonis Systems Inc income statement

In fiscal 2025, Varonis Systems Inc reported revenue of $624m, up 13.2% on the year before, operating income of −$147m (a -23.5% margin) and net income of −$129m, or −$1.13 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Varonis Systems Inc: income statement, annual
Fiscal year	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Revenue	53	75	101	127	166	215	270	254	293	390	474	499	551	624	688
Cost of revenue	5	6	10	12	16	21	28	35	44	59	70	72	94	132	158
Gross profit	48	68	91	115	150	195	243	219	248	331	404	427	457	492	530
Research and development	15	21	28	32	37	47	70	81	99	138	178	184	197	238	270
Selling and marketing	30	44	69	86	106	134	168	170	180	230	275	278	289	301	311
General and administrative	5	9	12	16	20	27	33	44	48	61	72	83	89	99	100
Operating income	−2	−6	−17	−19	−12	−13	−29	−76	−78	−99	−121	−117	−118	−147	−151
Interest expense	0	—	—	—	—	—	0	0	2	3	—	—	—	—	—
Income before tax	−5	−7	−19	−21	−13	−11	−28	−76	−86	−111	−111	−87	−83	−116	−134
Income tax	0	0	0	1	1	3	0	2	8	6	14	14	13	13	7
Net income	−5	−7	−19	−21	−14	−14	−29	−79	−94	−117	−125	−101	−96	−129	−141
Diluted EPS	−$0.43	−$0.64	−$0.30	−$0.28	−$0.18	−$0.17	−$0.33	−$2.60	−$1.00	−$1.11	−$1.14	−$0.92	−$0.86	−$1.13	−$1.22
Diluted shares (average)	11m	12m	64m	76m	79m	82m	87m	91m	94m	105m	109m	109m	112m	114m	116m
EBITDA	−1	−5	−16	−17	−10	−10	−25	−70	−68	−88	−109	−106	−107	−134	−132

US$ millions unless shown otherwise. Fiscal quarters.

Varonis Systems Inc: income statement, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Revenue	148	159	136	152	162	173	173	180
Cost of revenue	24	26	29	31	35	37	42	45
Gross profit	124	132	107	121	126	137	132	136
Research and development	53	51	54	56	63	65	70	73
Selling and marketing	71	76	73	77	74	78	80	79
General and administrative	23	23	24	25	26	24	26	24
Operating income	−24	−18	−44	−37	−36	−30	−44	−41
Interest expense	2	—	3	3	2	—	—	—
Income before tax	−13	−10	−32	−32	−28	−25	−40	−41
Income tax	5	3	4	4	2	3	−3	5
Net income	−18	−13	−36	−36	−30	−28	−37	−47
Diluted EPS	−$0.16	−$0.12	−$0.32	−$0.32	−$0.26	−$0.23	−$0.32	−$0.41
EBITDA	−21	−15	−41	−34	−33	−26	−40	−33

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Varonis Systems Inc's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Varonis Systems Inc.