VRNS
Income statement / Annual
Last year (2023), Varonis Systems, Inc.'s total revenue was $499.16 M,
an increase of 5.39% from the previous year.
In 2023, Varonis Systems, Inc.'s net income was -$100.92 M.
See Varonis Systems, Inc.’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
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 |
| Operating Revenue |
$499.16 M
|
$473.63 M
|
$390.13 M
|
$292.69 M
|
$254.19 M
|
$270.29 M
|
$217.36 M
|
$164.46 M
|
$127.21 M
|
$101.35 M
|
| Cost of Revenue |
$71.75 M |
$69.84 M |
$59.40 M |
$44.26 M |
$35.14 M |
$27.68 M |
$20.87 M |
$15.84 M |
$12.02 M |
$9.91 M |
| Gross Profit |
$427.41 M |
$403.80 M |
$330.74 M |
$248.43 M |
$219.05 M |
$242.61 M |
$196.49 M |
$148.61 M |
$115.19 M |
$91.44 M |
| Gross Profit Ratio |
0.86 |
0.85 |
0.85 |
0.85 |
0.86 |
0.9 |
0.9 |
0.9 |
0.91 |
0.9 |
| Research and Development
Expenses |
$183.84 M
|
$177.88 M
|
$137.88 M
|
$99.36 M
|
$80.76 M
|
$69.97 M
|
$47.37 M
|
$36.66 M
|
$31.79 M
|
$28.09 M
|
| General & Administrative
Expenses |
$82.90 M
|
$72.06 M
|
$61.23 M
|
$47.58 M
|
$44.37 M
|
$33.46 M
|
$26.82 M
|
$19.82 M
|
$16.11 M
|
$11.87 M
|
| Selling & Marketing
Expenses |
$277.89 M
|
$275.09 M
|
$230.31 M
|
$179.90 M
|
$169.90 M
|
$168.31 M
|
$135.90 M
|
$107.83 M
|
$86.37 M
|
$68.79 M
|
| Selling, General &
Administrative Expenses |
$360.79 M
|
$347.15 M
|
$291.55 M
|
$227.48 M
|
$214.27 M
|
$201.77 M
|
$162.72 M
|
$127.65 M
|
$102.47 M
|
$80.66 M
|
| Other Expenses |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Operating Expenses |
$544.63 M |
$525.03 M |
$429.43 M |
$326.84 M |
$295.03 M |
$271.74 M |
$210.09 M |
$164.31 M |
$134.27 M |
$108.75 M |
| Cost And Expenses |
$616.38 M |
$594.86 M |
$488.83 M |
$371.10 M |
$330.18 M |
$299.42 M |
$230.96 M |
$180.15 M |
$146.28 M |
$118.66 M |
| Interest Income |
$34.56 M |
$10.41 M |
$164,000.00 |
$674,000.00 |
$2.03 M |
$1.74 M |
$747,000.00 |
$520,000.00 |
$330,000.00 |
$188,000.00 |
| Interest Expense |
$4.66 M |
$3.17 M |
$12.15 M |
$6.11 M |
$205,000.00 |
$197,000.00 |
$158,000.00 |
$181,000.00 |
$142,000.00 |
$311,000.00 |
| Depreciation &
Amortization |
$11.70 M
|
$21.48 M
|
$19.12 M
|
$18.90 M
|
$15.34 M
|
$4.16 M
|
$3.33 M
|
$2.18 M
|
$1.62 M
|
$1.29 M
|
| EBITDA |
-$70.55 M
|
-$82.04 M
|
-$98.69 M
|
-$68.51 M
|
-$70.06 M
|
-$24.98 M
|
-$10.09 M
|
-$9.82 M
|
-$17.46 M
|
-$16.02 M
|
| EBITDA Ratio |
-0.14 |
-0.23 |
-0.23 |
-0.23 |
-0.24 |
-0.09 |
-0.05 |
-0.08 |
-0.14 |
-0.16 |
| Operating Income Ratio
|
-0.23
|
-0.26
|
-0.25
|
-0.27
|
-0.3
|
-0.11
|
-0.06
|
-0.1
|
-0.15
|
-0.17
|
| Total Other
Income/Expenses Net |
$30.31 M
|
$10.41 M
|
-$12.15 M
|
-$7.48 M
|
-$389,000.00
|
$970,000.00
|
$2.36 M
|
-$885,000.00
|
-$1.52 M
|
-$1.71 M
|
| Income Before Tax |
-$86.92 M |
-$110.82 M |
-$110.84 M |
-$85.90 M |
-$76.38 M |
-$28.17 M |
-$11.24 M |
-$16.58 M |
-$20.60 M |
-$19.02 M |
| Income Before Tax Ratio
|
-0.17
|
-0.23
|
-0.28
|
-0.29
|
-0.3
|
-0.1
|
-0.05
|
-0.1
|
-0.16
|
-0.19
|
| Income Tax Expense |
$14.00 M |
$13.70 M |
$6.02 M |
$8.11 M |
$2.39 M |
$413,000.00 |
$2.46 M |
$1.13 M |
$686,000.00 |
$376,000.00 |
| Net Income |
-$100.92 M |
-$124.52 M |
-$116.86 M |
-$94.01 M |
-$78.76 M |
-$28.58 M |
-$13.69 M |
-$17.71 M |
-$21.28 M |
-$19.40 M |
| Net Income Ratio |
-0.2 |
-0.26 |
-0.3 |
-0.32 |
-0.31 |
-0.11 |
-0.06 |
-0.11 |
-0.17 |
-0.19 |
| EPS |
-0.92 |
-1.14 |
-1.11 |
-1 |
-0.87 |
-0.33 |
-0.17 |
-0.22 |
-0.28 |
-0.3 |
| EPS Diluted |
-0.92 |
-1.14 |
-1.11 |
-1 |
-0.87 |
-0.33 |
-0.17 |
-0.22 |
-0.28 |
-0.3 |
| Weighted Average Shares
Out |
$109.14 M
|
$109.28 M
|
$105.31 M
|
$94.34 M
|
$90.77 M
|
$87.06 M
|
$82.40 M
|
$79.22 M
|
$75.60 M
|
$63.73 M
|
| Weighted Average Shares
Out Diluted |
$109.14 M
|
$109.28 M
|
$105.31 M
|
$94.34 M
|
$90.77 M
|
$87.06 M
|
$82.40 M
|
$79.22 M
|
$75.60 M
|
$63.73 M
|
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