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Varonis Systems VRNS Total Operating Expenses

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Segments

By segment

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Term License Subscriptions, SaaS Revenues and Maintenance and Services Fees$4.3M+79.3%

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:OperatingExpenses.

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
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)
Provision for income taxes(5,415)(4,239)(2,234)(8,207)

Item 1. Financial Statements

FAQ

What is Varonis Systems's total operating expenses?
Varonis Systems (VRNS) reported total operating expenses of $176.14M in Q2 2026.
How has Varonis Systems's total operating expenses changed year-over-year?
Varonis Systems's total operating expenses increased by 11.9% year-over-year, from $157.47M to $176.14M.
What is the long-term trend for Varonis Systems's total operating expenses?
Over 4 years (2021 to 2025), Varonis Systems's total operating expenses has grown at a 10.4% compound annual growth rate (CAGR), from $429.43M to $638.07M.
What does total operating expenses mean?
The sum of all operating costs including COGS, SG&A, R&D, D&A, and other operating charges. Revenue minus total operating expenses equals operating income.

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