What is Varonis Systems's R&D?

Varonis Systems (VRNS) reported R&D of $69.76M in Q1 2026.

How has Varonis Systems's R&D changed year-over-year?

Varonis Systems's R&D increased by 28.7% year-over-year, from $54.21M to $69.76M.

What is the long-term trend for Varonis Systems's R&D?

Over 4 years (2021 to 2025), Varonis Systems's R&D has grown at a 14.6% compound annual growth rate (CAGR), from $137.88M to $237.81M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Varonis Systems VRNS R&D

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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$3.83B-44.6%

Enterprise value$3.72B-48.7%

P/S5.8×-6.3×

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:ResearchAndDevelopmentExpense.

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 R&D?: Varonis Systems (VRNS) reported R&D of $69.76M in Q1 2026.
How has Varonis Systems's R&D changed year-over-year?: Varonis Systems's R&D increased by 28.7% year-over-year, from $54.21M to $69.76M.
What is the long-term trend for Varonis Systems's R&D?: Over 4 years (2021 to 2025), Varonis Systems's R&D has grown at a 14.6% compound annual growth rate (CAGR), from $137.88M to $237.81M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.