VRNS · XBRL financial data

Varonis Systems financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (VRNS's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cost of revenue	44	59	70	72	94	132
Gross profit	248	331	404	427	457	492
Research and development	99	138	178	184	197	238
General and administrative	48	61	72	83	89	99
Total operating expenses	327	429	525	545	575	638
Operating income (loss)	(78)	(99)	(121)	(117)	(118)	(147)
Interest expense	2	3	—	—	—	—
Income tax expense (benefit)	8	6	14	14	13	13
Net income (loss)	(94)	(117)	(125)	(101)	(96)	(129)
Earnings per share, basic USD per share	(1.00)	(1.11)	(1.14)	(0.92)	(0.86)	(1.13)
Earnings per share, diluted USD per share	(1.00)	(1.11)	(1.14)	(0.92)	(0.86)	(1.13)
Weighted average shares, basic millions of shares	94	105	109	109	112	114
Weighted average shares, diluted millions of shares	94	105	109	109	112	114

Fiscal years (VRNS's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	234	806	368	231	186	202
Marketable securities	34	0	236	253	343	681
Marketable securities, non-current	—	—	0	211	659	187
Accounts receivable	94	117	136	169	193	243
Prepaid and other current assets	27	34	37	64	117	135
Total current assets	420	959	906	767	878	1,299
Property and equipment, net	37	38	39	34	31	36
Right-of-use asset	48	64	57	52	46	58
Goodwill	23	23	23	23	23	135
Total assets	555	1,109	1,044	1,104	1,664	1,792
Accounts payable	1	5	3	1	4	6
Total current liabilities	183	212	229	307	710	659
Lease liability, non-current	55	69	58	51	43	60
Accumulated deficit	(311)	(428)	(543)	(644)	(740)	(869)
Total stockholders' equity	94	597	502	490	456	599
Total liabilities and equity	555	1,109	1,044	1,104	1,664	1,792
Common shares outstanding (cover page)‡ millions of shares	95	108	108	109	113	117

‡ Per-share figures and share counts are adjusted for the 3-for-1 stock split (March 2021); filings made before it reported them unadjusted.

Fiscal years (VRNS's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	(94)	(117)	(125)	(101)	(96)	(129)
Stock-based compensation	69	110	143	140	127	130
Depreciation and amortization	10	11	12	12	11	12
Net cash from operating activities	(6)	7	12	59	115	147
Purchases of property and equipment	10	10	11	5	7	13
Net cash from investing activities	(55)	54	(374)	(143)	(532)	(1)
Proceeds from issuing common stock	0	500	0	0	—	—
Share repurchases	0	0	56	44	0	115
Net cash from financing activities	226	510	(76)	(53)	372	(130)
Net change in cash	165	572	(438)	(137)	(45)	17

SIC 7372 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 7372 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
Varonis Systems	234	not reported	25*	114.9M	—	Q2 FY26 10-QJun 30, 2026
Jamf Holding	547	183	66*	133.2M	—	Q3 FY25 10-QSep 30, 2025
Aurora Innovation	141	3	(170)*	not reported	0.7 quarters	Q3 FY26 10-QSep 30, 2026
Q2 Holdings	116	226	65*	61.8M	—	Q3 FY26 10-QSep 30, 2026
CCC Intelligent Solutions Holdings	203	294	100*	591.0M	—	Q3 FY26 10-QSep 30, 2026
SPS Commerce	154	198	64*	35.4M	—	Q3 FY26 10-QSep 30, 2026
ServiceTitan	480	293	58*	not reported	—	Q2 FY26 10-QJul 31, 2026
SentinelOne	201	292	(6.5)*	not reported	—	Q2 FY27 10-QJul 31, 2026
Pegasystems	202	393	6.1*	163.7M	—	Q3 FY26 10-QSep 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.