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Varonis Systems VRNS Amortization of deferred commissions

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Other financials

Income statement

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Revenue$180.0M+18.3%
Gross profit$135.5M+12.1%
Operating income-$40.6M-11.2%
Net income-$46.8M-30.7%
EPS (diluted)-$0.41-28.1%

Balance sheet

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Cash & equivalents$165.9M-16.7%
Total debt$75.1M-75.2%
Total equity$444.5M+30.2%
Total assets$1.7B+2.4%

Cash flow

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Operating cash flow$25.1M+17.5%
CapEx$4.4M+29.7%
Free cash flow$20.7M+15.2%

Valuation

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Market cap$4.87B-21.9%
Enterprise value$4.78B-24.6%
P/S7.1×-3.4×

Profitability

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Gross margin77.1%-4.4pp
Operating margin-22%+1.8pp
Net margin-20.5%+4.8pp
FCF margin17.7%-3.2pp

Returns & leverage

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Return on equity-36%+23.8pp
Debt / equity0.2×-0.7×
Current ratio1.6×+0.3×

Where this comes from

Reported directly by Varonis Systems in its filing.

Tagged under the XBRL concept us-gaap:AmortizationOfDeferredSalesCommissions.

The source filing: Varonis Systems’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 4:20 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-050630
Line itemSix Months Ended June 30, 2026Six Months Ended June 30, 2025
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization11,5354,988
Stock-based compensation68,35866,114
Amortization of deferred commissions30,57025,141
Non-cash operating lease costs5,4014,952
Amortization of debt issuance costs1,0191,774
Amortization of premium and accretion of discount on marketable securities, net1,511414
Deferred income taxes, net(9,652)

Item 1. Financial Statements

FAQ

What is Varonis Systems's amortization of deferred commissions?
Varonis Systems (VRNS) reported amortization of deferred commissions of $14.6M in Q2 2026.
How has Varonis Systems's amortization of deferred commissions changed year-over-year?
Varonis Systems's amortization of deferred commissions increased by 5.9% year-over-year, from $13.79M to $14.6M.
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.

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