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Varonis Systems VRNS Total Cost of Revenue

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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:CostOfRevenue.

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 total cost of revenue?
Varonis Systems (VRNS) reported total cost of revenue of $41.57M in Q1 2026.
How has Varonis Systems's total cost of revenue changed year-over-year?
Varonis Systems's total cost of revenue increased by 43.3% year-over-year, from $29.02M to $41.57M.
What is the long-term trend for Varonis Systems's total cost of revenue?
Over 4 years (2021 to 2025), Varonis Systems's total cost of revenue has grown at a 22.1% compound annual growth rate (CAGR), from $59.4M to $131.97M.
What does total cost of revenue mean?
The aggregate of all direct costs attributable to producing goods and delivering services that generated the company's revenue, including materials, labor, and overhead.