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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:GeneralAndAdministrativeExpense.

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 itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Operating expenses:
Research and development73,33956,247143,100110,457
Sales and marketing78,97876,578159,314149,341
General and administrative23,82524,64149,76548,839
Total operating expenses176,142157,466352,179308,637
Operating loss(40,631)(36,552)(85,112)(80,318)
Financial income (expense), net(763)4,9673,68316,918
Loss before income taxes(41,394)(31,585)(81,429)(63,400)

Item 1. Financial Statements

FAQ

What is Varonis Systems's G&A?
Varonis Systems (VRNS) reported G&A of $23.83M in Q2 2026.
How has Varonis Systems's G&A changed year-over-year?
Varonis Systems's G&A decreased by 3.3% year-over-year, from $24.64M to $23.83M.
What is the long-term trend for Varonis Systems's G&A?
Over 4 years (2021 to 2025), Varonis Systems's G&A has grown at a 12.7% compound annual growth rate (CAGR), from $61.23M to $98.92M.
What does G&A mean?
Overhead costs not directly tied to production or sales — corporate management, legal, accounting, office rent, insurance, and other administrative functions.

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