VARONIS SYSTEMS INC Income Statement
VRNS / Information Technology|14 years of annual SEC 10-K data (FY2012-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 14 fiscal years. All figures from audited SEC 10-K filings.
Revenue has grown at a 31.0% compound annual rate over the past 6 years.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score NaN (distress zone, below 1.23 threshold)
- Cash-backed earnings: Operating cash flow exceeds net income
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | $270.3M | $215.4M | $165.9M | $127.2M | $101.3M | $74.6M | $53.4M |
| Cost of Revenue | $132.0M | $93.8M | $71.8M | $69.8M | $59.4M | $44.3M | $35.1M | $27.7M | $20.7M | $15.7M | $12.0M | $9.9M | $6.5M | $4.9M |
| Gross Profit | $491.6M | $457.1M | $427.4M | $403.8M | $330.7M | $248.4M | $219.0M | $242.6M | $194.7M | $150.1M | $115.2M | $91.4M | $68.1M | $48.5M |
| SG&A Expense | $98.9M | $89.2M | $82.9M | $72.1M | $61.2M | $47.6M | $44.4M | $33.5M | $26.8M | $19.8M | $16.1M | $11.9M | $8.9M | $5.0M |
| R&D Expense | $237.8M | $196.8M | $183.8M | $177.9M | $137.9M | $99.4M | $80.8M | $70.0M | $47.4M | $36.7M | $31.8M | $28.1M | $21.0M | $15.0M |
| Operating Income | -$146.5M | -$117.7M | -$117.2M | -$121.2M | -$98.7M | -$78.4M | -$76.0M | -$29.1M | -$13.4M | -$12.0M | -$19.1M | -$17.3M | -$5.8M | -$1.6M |
| Interest Expense | - | - | - | - | $3.2M | $2.0M | $0 | $0 | - | - | - | - | - | $86.0K |
| Income Tax | $13.0M | $12.8M | $14.0M | $13.7M | $6.0M | $8.1M | $2.4M | $413.0K | $2.8M | $1.3M | $686.0K | $376.0K | $356.0K | $247.0K |
| Net Income | -$129.3M | -$95.8M | -$100.9M | -$124.5M | -$116.9M | -$94.0M | -$78.8M | -$28.6M | -$13.8M | -$14.2M | -$21.3M | -$19.4M | -$7.5M | -$4.8M |
| EPS (Basic) | -$1.13 | -$0.86 | -$0.92 | -$1.14 | -$1.11 | -$1.00 | - | - | - | - | - | - | - | - |
| EPS (Diluted) | -$1.13 | -$0.86 | -$0.92 | -$1.14 | -$1.11 | -$1.00 | - | -$0.54 | -$0.84 | -$0.91 | -$1.93 | -$1.29 | - | - |
| Shares Outstanding | 114.4M | 111.7M | 109.1M | 109.3M | 105.3M | 94.3M | 90.8M | 26.8M | 26.8M | 26.1M | 24.7M | 4.0M | 3.9M | 3.8M |
| Gross Margin | - | - | - | - | - | - | - | 89.8% | 90.4% | 90.5% | 90.5% | 90.2% | 91.3% | 90.8% |
| Operating Margin | - | - | - | - | - | - | - | -10.8% | -6.2% | -7.2% | -15.0% | -17.1% | -7.8% | -2.9% |
| Profit Margin | - | - | - | - | - | - | - | -10.6% | -6.4% | -8.6% | -16.7% | -19.1% | -10.0% | -9.1% |