Varonis Systems Inc (VRNS) stock
VRNSNasdaqServices-Prepackaged SoftwareFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 4, 2026Score 8/3070% above fair value
$48.94−0.13 (-0.26%)
Close on Nov 13, 2026Market cap $5.62BP/E –Yield –
Varonis Systems gross margin
Gross margin is gross profit as a percentage of revenue.
Varonis Systems's gross margin for the twelve months ending Sep 30, 2026 was 76.3%. For fiscal 2025 it was 78.8%, against 83.0% the year before. The highest annual figure on record is 91.3% in fiscal 2013.
Annual gross margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 78.8% | −4.1 |
| FY2024 | Dec 31, 2024 | 83.0% | −2.7 |
| FY2023 | Dec 31, 2023 | 85.6% | +0.4 |
| FY2022 | Dec 31, 2022 | 85.3% | +0.5 |
| FY2021 | Dec 31, 2021 | 84.8% | −0.1 |
| FY2020 | Dec 31, 2020 | 84.9% | −1.3 |
| FY2019 | Dec 31, 2019 | 86.2% | −3.6 |
| FY2018 | Dec 31, 2018 | 89.8% | −0.6 |
| FY2017 | Dec 31, 2017 | 90.4% | −0.1 |
| FY2016 | Dec 31, 2016 | 90.5% | −0.0 |
| FY2015 | Dec 31, 2015 | 90.6% | +0.3 |
| FY2014 | Dec 31, 2014 | 90.2% | −1.1 |
| FY2013 | Dec 31, 2013 | 91.3% | +0.5 |
| FY2012 | Dec 31, 2012 | 90.8% | – |
Quarterly gross margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 75.3% | −3.0 |
| Q2 FY2026 | Jun 30, 2026 | 75.3% | −4.2 |
| Q1 FY2026 | Mar 31, 2026 | 76.0% | −2.7 |
| Q4 FY2025 | Dec 31, 2025 | 78.9% | −4.6 |
| Q3 FY2025 | Sep 30, 2025 | 78.2% | −5.5 |
| Q2 FY2025 | Jun 30, 2025 | 79.5% | −3.3 |
| Q1 FY2025 | Mar 31, 2025 | 78.7% | −2.5 |
| Q4 FY2024 | Dec 31, 2024 | 83.6% | −3.9 |
| Q3 FY2024 | Sep 30, 2024 | 83.8% | −2.0 |
| Q2 FY2024 | Jun 30, 2024 | 82.8% | −2.1 |
| Q1 FY2024 | Mar 31, 2024 | 81.3% | −2.3 |
| Q4 FY2023 | Dec 31, 2023 | 87.4% | −0.6 |
| Q3 FY2023 | Sep 30, 2023 | 85.8% | −0.3 |
| Q2 FY2023 | Jun 30, 2023 | 84.9% | +0.9 |
| Q1 FY2023 | Mar 31, 2023 | 83.6% | +2.1 |
| Q4 FY2022 | Dec 31, 2022 | 88.1% | +1.8 |
| Q3 FY2022 | Sep 30, 2022 | 86.1% | +0.3 |
| Q2 FY2022 | Jun 30, 2022 | 84.0% | +0.1 |
| Q1 FY2022 | Mar 31, 2022 | 81.5% | −0.5 |
| Q4 FY2021 | Dec 31, 2021 | 86.3% | −0.6 |
| Q3 FY2021 | Sep 30, 2021 | 85.7% | +0.4 |
| Q2 FY2021 | Jun 30, 2021 | 83.9% | −0.5 |
| Q1 FY2021 | Mar 31, 2021 | 82.0% | +0.8 |
| Q4 FY2020 | Dec 31, 2020 | 86.9% | +0.2 |
| Q3 FY2020 | Sep 30, 2020 | 85.3% | −1.3 |
| Q2 FY2020 | Jun 30, 2020 | 84.5% | −1.4 |
| Q1 FY2020 | Mar 31, 2020 | 81.2% | −4.0 |
| Q4 FY2019 | Dec 31, 2019 | 86.7% | −4.4 |
| Q3 FY2019 | Sep 30, 2019 | 86.6% | −2.8 |
| Q2 FY2019 | Jun 30, 2019 | 85.9% | −3.7 |
| Q1 FY2019 | Mar 31, 2019 | 85.2% | −2.7 |
| Q4 FY2018 | Dec 31, 2018 | 91.1% | −1.0 |
| Q3 FY2018 | Sep 30, 2018 | 89.5% | −0.4 |
| Q2 FY2018 | Jun 30, 2018 | 89.6% | −0.5 |
| Q1 FY2018 | Mar 31, 2018 | 88.0% | −0.2 |
| Q4 FY2017 | Dec 31, 2017 | 92.2% | +0.1 |
| Q3 FY2017 | Sep 30, 2017 | 89.8% | – |
| Q2 FY2017 | Jun 30, 2017 | 90.1% | – |
| Q1 FY2017 | Mar 31, 2017 | 88.1% | – |
| Q4 FY2016 | Dec 31, 2016 | 92.1% | – |
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