VARONIS SYSTEMS INC R&D Expense History
VRNS / Information Technology|10 years of SEC 10-K data (FY2016-FY2025)
$238M in FY2025 with a 5-year CAGR of +19.1%.
Improved from $184M to $238M over the past 2 years.
At $238M, VARONIS SYSTEMS INC's r&d expense ranks #105 of 249 in the Information Technology sector. R&D Expense has increased for 9 consecutive years, from $37M in FY2016 to $238M in FY2025.
Based on SEC 10-K filings.
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.
- 3-Year CAGR
- +10.2%
- 5-Year CAGR
- +19.1%
- 10-Year CAGR
- -
R&D Expense Trend
#105 of 249 in Information TechnologyTop 42% of 249This company $237.8M Sector average $950.3M
▼
-75.0% below sector average
Key Insights
- VARONIS SYSTEMS INC's r&d expense has grown for 9 consecutive years.
- 5-year CAGR of +19.1%, indicating consistent growth.
- In FY2025, r&d expense increased 20.9% year-over-year.
- Ranks #105 out of 249 companies in the Information Technology sector.
Annual Data
| Year | R&D Expense | YoY Growth |
|---|---|---|
| FY2025 | $237.8M | +20.9% |
| FY2024 | $196.8M | +7.0% |
| FY2023 | $183.8M | +3.3% |
| FY2022 | $177.9M | +29.0% |
| FY2021 | $137.9M | +38.8% |
| FY2020 | $99.4M | +23.0% |
| FY2019 | $80.8M | +15.4% |
| FY2018 | $70.0M | +47.7% |
| FY2017 | $47.4M | +29.2% |
| FY2016 | $36.7M | +15.3% |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026