Company / Cost of Revenue
VARONIS SYSTEMS INC Cost of Revenue History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Cost of Revenue
$132.0M
FY2025
5-year range
$59.4M / $132.0M
FY2021-FY2025
Trend
+40.6%
vs FY2024
Sector context
#235 of 276
Information Technology
What the data says
VARONIS SYSTEMS INC's cost of revenue of $132M is lower than 85% of companies in the Information Technology sector (FY2025). Cost of Revenue has increased for 9 consecutive years, from $10M in FY2016 to $132M in FY2025.
Based on SEC 10-K filings.
$132M in FY2025 with a 5-year CAGR of +24.4%.
Increased from $72M to $132M over the past 2 years.
Information Technology sector context is included.
Cost of Revenue over time
Growth rates
- 3-Year CAGR
- +23.6%
- 5-Year CAGR
- +24.4%
- 10-Year CAGR
- -
Sector benchmark
Top 15% in Information TechnologyTop 15% of 276This company $132.0M Sector average $4.0B
▼
-96.7% below sector average
Key checks
Key Insights
- VARONIS SYSTEMS INC's cost of revenue has grown for 9 consecutive years.
- 5-year CAGR of +24.4%, indicating consistent growth.
- In FY2025, cost of revenue increased 40.6% year-over-year.
- Ranks #235 out of 276 companies in the Information Technology sector.
Company context
Key Data Points
- Altman Z-Score 0.21 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Cost of RevenueValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $132.0M | +40.6% |
| FY2024 | $93.8M | +30.8% |
| FY2023 | $71.8M | +2.7% |
| FY2022 | $69.8M | +17.6% |
| FY2021 | $59.4M | +34.2% |
| FY2020 | $44.3M | +25.9% |
| FY2019 | $35.1M | +27.0% |
| FY2018 | $27.7M | +33.6% |
| FY2017 | $20.7M | +109.0% |
| FY2016 | $9.9M | +53.0% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026