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Other financials

Income statement

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Revenue$180.0M+18.3%
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:GrossProfit.

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
Maintenance and services4,13413,8949,29930,269
Total revenues180,023152,163353,149288,586
Cost of revenues44,51231,24986,08260,267
Gross profit135,511120,914267,067228,319
Operating expenses:
Research and development73,33956,247143,100110,457
Sales and marketing78,97876,578159,314149,341
General and administrative23,82524,64149,76548,839

Item 1. Financial Statements

FAQ

What is Varonis Systems's gross profit?
Varonis Systems (VRNS) reported gross profit of $135.51M in Q2 2026.
How has Varonis Systems's gross profit changed year-over-year?
Varonis Systems's gross profit increased by 12.1% year-over-year, from $120.91M to $135.51M.
What is the long-term trend for Varonis Systems's gross profit?
Over 4 years (2021 to 2025), Varonis Systems's gross profit has grown at a 10.4% compound annual growth rate (CAGR), from $330.74M to $491.56M.
What does gross profit mean?
Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

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