VARONIS SYSTEMS INC
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 | FY December 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $623.5M | $551.0M | $499.2M | $473.6M | $390.1M |
| Gross profit | $491.6M | $457.1M | $427.4M | $403.8M | $330.7M |
| Operating income | -$146.5M | -$117.7M | -$117.2M | -$121.2M | -$98.7M |
| Operating expenses | $638.1M | $574.8M | $544.6M | $525.0M | $429.4M |
| Cost of revenue | $132.0M | $93.8M | $71.8M | $69.8M | $59.4M |
| Cash from operations | $147.4M | $115.2M | $59.4M | $11.9M | $7.2M |
| Capital expenditure | $12.6M | $6.7M | $5.1M | $11.4M | $10.5M |
| Free cash flow | $134.8M | $108.5M | $54.3M | $475,000 | -$3.3M |
| Share repurchases | $115.0M | $0 | $43.5M | $56.4M | $0 |
| Impairments | $0 | $0 | $0 | — | — |
| Total assets | $1.8B | $1.7B | $1.1B | $1.0B | $1.1B |
Shares outstanding 114.8M · Free float 93.6%
Annual filing data through FY ended December 31, 2025; float as of July 13, 2026.