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Varonis Systems VRNS Total Cost of Revenue

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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:CostOfRevenue.

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
Term license subscriptions4,16232,37411,05863,862
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

Item 1. Financial Statements

FAQ

What is Varonis Systems's total cost of revenue?
Varonis Systems (VRNS) reported total cost of revenue of $44.51M in Q2 2026.
How has Varonis Systems's total cost of revenue changed year-over-year?
Varonis Systems's total cost of revenue increased by 42.4% year-over-year, from $31.25M to $44.51M.
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.

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