VARONIS SYSTEMS INC

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Total Revenue $164.5m $217.4m $270.3m $254.2m $292.7m $390.1m $473.6m $499.2m $551.0m $623.5m
Revenue from Contract with Customer, Including Assessed Tax $164.5m $217.4m $270.3m $254.2m $292.7m $390.1m $473.6m $499.2m $551.0m $623.5m
Cost of Revenue $15.8m $20.9m $27.7m $35.1m $44.3m $59.4m $69.8m $71.8m $93.8m $132.0m
Gross Profit $148.6m $196.5m $242.6m $219.0m $248.4m $330.7m $403.8m $427.4m $457.1m $491.6m
Operating Expenses $164.3m $210.1m $271.7m $295.0m $326.8m $429.4m $525.0m $544.6m $574.8m $638.1m
Operating Income (Loss) ($15.7m) ($13.6m) ($29.1m) ($76.0m) ($78.4m) ($98.7m) ($121.2m) ($117.2m) ($117.7m) ($146.5m)
Additional Financial Items
Amortization of Intangible Assets $264k $1.5m $1.5m $1.5m $1.3m $1.1m
Goodwill, Impairment Loss $0
Income (Loss) from Continuing Operations before Income Taxes, Domestic ($16.9m) ($18.2m) ($25.6m) ($82.0m) ($80.1m) ($101.2m) ($75.4m) ($21.5m) ($19.8m) ($69.0m)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest ($16.6m) ($11.2m) ($28.2m) ($76.4m) ($85.9m) ($110.8m) ($110.8m) ($86.9m) ($83.0m) ($116.3m)
Net Income (Loss) Attributable to Parent ($17.7m) ($13.7m) ($28.6m) ($78.8m) ($94.0m) ($116.9m) ($124.5m) ($100.9m) ($95.8m) ($129.3m)
Earnings Per Share, Basic ($1.11) ($1.14) ($0.92) ($0.86) ($1.13)
Earnings Per Share, Diluted ($1.11) ($1.14) ($0.92) ($0.86) ($1.13)
Weighted Average Number of Shares Outstanding, Basic 105.3m 109.3m 109.1m 111.7m 114.4m
Weighted Average Number of Shares Outstanding, Diluted 105.3m 109.3m 109.1m 111.7m 114.4m
Other income (expense):
Research and Development Expense $36.7m $47.4m $70.0m $80.8m $99.4m $137.9m $177.9m $183.8m $196.8m $237.8m
Selling and Marketing Expense $107.8m $135.9m $168.3m $169.9m $179.9m $230.3m $275.1m $277.9m $288.8m $301.3m
General and Administrative Expense $19.8m $26.8m $33.5m $44.4m $47.6m $61.2m $72.1m $82.9m $89.2m $98.9m
Current Income Tax Expense (Benefit) $2.6m $1.7m $2.3m $9.1m $4.8m $13.4m $13.9m $12.7m $12.8m
Interest Expense, Debt $2.0m $3.2m
Operating Lease, Expense $12.2m $6.9m $9.6m $9.8m $9.8m $9.9m
Income Tax Expense (Benefit) $1.1m $2.5m $413k $2.4m $8.1m $6.0m $13.7m $14.0m $12.8m $13.0m
Nonoperating Income (Expense) ($885k) $2.4m $970k ($389k) ($7.5m) ($12.1m) $10.4m $30.3m $34.6m $30.2m