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Varonis Systems VRNS Amortization of deferred commissions

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Other financials

Income statement

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Revenue$173.1M+26.9%
Gross profit$131.6M+22.5%
Operating income-$44.5M-1.6%
Net income-$36.9M-3.0%
EPS (diluted)-$0.320.0%

Balance sheet

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Cash & equivalents$179.3M+17.1%
Total debt$69.4M-77.0%
Total equity$453.5M+23.3%
Total assets$1.6B+3.6%

Cash flow

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Operating cash flow$55.0M-19.1%
CapEx$5.0M+113%
Free cash flow$50.1M-23.7%

Valuation

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Market cap$4.02B-44.6%

Profitability

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Gross margin78.1%-4.2pp
Operating margin-22.3%+3.1pp
Net margin-19.7%+6.4pp
FCF margin18.1%-2.5pp

Returns & leverage

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Return on equity-31.8%+24.0pp
Debt / equity0.2×-0.7×
Current ratio1.7×+0.5×

Where this comes from

Reported directly by Varonis Systems in its filing.

Tagged under the XBRL concept us-gaap:AmortizationOfDeferredSalesCommissions.

The official record: Varonis Systems’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Varonis Systems's amortization of deferred commissions?
Varonis Systems (VRNS) reported amortization of deferred commissions of $15.97M in Q1 2026.
How has Varonis Systems's amortization of deferred commissions changed year-over-year?
Varonis Systems's amortization of deferred commissions increased by 40.7% year-over-year, from $11.35M to $15.97M.
What is the long-term trend for Varonis Systems's amortization of deferred commissions?
Over 4 years (2021 to 2025), Varonis Systems's amortization of deferred commissions has grown at a 38.4% compound annual growth rate (CAGR), from $14.15M to $51.92M.
What does amortization of deferred commissions mean?
This represents the non-cash expense recognized as capitalized sales commissions are amortized over the expected period of benefit. It reflects the systematic allocation of acquisition costs for customer contracts in accordance with revenue recognition standards. This metric is critical for understanding the true cash impact of sales force compensation versus reported accounting expenses.