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 r&d expenses
Research and development expenses are spending on new products and technology.
Varonis Systems's R&D Expenses for the twelve months ending Sep 30, 2026 was $286.39M, up 28.0% year over year. For fiscal 2025 it was $237.81M, up 20.9% from the year before. Over ten years it grew 22.3% a year on average. The highest annual figure on record is $237.81M in fiscal 2025.
Annual r&d expenses
| Period | Period end | Value | Change |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $237.81M | +20.9% |
| FY2024 | Dec 31, 2024 | $196.77M | +7.0% |
| FY2023 | Dec 31, 2023 | $183.84M | +3.3% |
| FY2022 | Dec 31, 2022 | $177.88M | +29.0% |
| FY2021 | Dec 31, 2021 | $137.88M | +38.8% |
| FY2020 | Dec 31, 2020 | $99.36M | +23.0% |
| FY2019 | Dec 31, 2019 | $80.76M | +15.4% |
| FY2018 | Dec 31, 2018 | $69.97M | +47.7% |
| FY2017 | Dec 31, 2017 | $47.37M | +29.2% |
| FY2016 | Dec 31, 2016 | $36.66M | +15.3% |
| FY2015 | Dec 31, 2015 | $31.79M | +13.2% |
| FY2014 | Dec 31, 2014 | $28.09M | +33.9% |
| FY2013 | Dec 31, 2013 | $20.97M | +39.5% |
| FY2012 | Dec 31, 2012 | $15.03M | – |
Quarterly r&d expenses
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | $78.67M | +25.4% |
| Q2 FY2026 | Jun 30, 2026 | $73.34M | +30.4% |
| Q1 FY2026 | Mar 31, 2026 | $69.76M | +28.7% |
| Q4 FY2025 | Dec 31, 2025 | $64.62M | +27.8% |
| Q3 FY2025 | Sep 30, 2025 | $62.74M | +17.4% |
| Q2 FY2025 | Jun 30, 2025 | $56.25M | +25.2% |
| Q1 FY2025 | Mar 31, 2025 | $54.21M | +13.3% |
| Q4 FY2024 | Dec 31, 2024 | $50.55M | +5.0% |
| Q3 FY2024 | Sep 30, 2024 | $53.46M | +19.3% |
| Q2 FY2024 | Jun 30, 2024 | $44.93M | -2.6% |
| Q1 FY2024 | Mar 31, 2024 | $47.83M | +6.9% |
| Q4 FY2023 | Dec 31, 2023 | $48.14M | +6.9% |
| Q3 FY2023 | Sep 30, 2023 | $44.82M | +0.8% |
| Q2 FY2023 | Jun 30, 2023 | $46.14M | +3.0% |
| Q1 FY2023 | Mar 31, 2023 | $44.73M | +2.7% |
| Q4 FY2022 | Dec 31, 2022 | $45.02M | +12.1% |
| Q3 FY2022 | Sep 30, 2022 | $44.48M | +29.5% |
| Q2 FY2022 | Jun 30, 2022 | $44.82M | +34.4% |
| Q1 FY2022 | Mar 31, 2022 | $43.57M | +44.9% |
| Q4 FY2021 | Dec 31, 2021 | $40.14M | +43.7% |
| Q3 FY2021 | Sep 30, 2021 | $34.34M | +39.2% |
| Q2 FY2021 | Jun 30, 2021 | $33.33M | +38.5% |
| Q1 FY2021 | Mar 31, 2021 | $30.06M | +32.5% |
| Q4 FY2020 | Dec 31, 2020 | $27.94M | +27.7% |
| Q3 FY2020 | Sep 30, 2020 | $24.67M | +20.9% |
| Q2 FY2020 | Jun 30, 2020 | $24.07M | +22.0% |
| Q1 FY2020 | Mar 31, 2020 | $22.69M | +20.9% |
| Q4 FY2019 | Dec 31, 2019 | $21.87M | +12.5% |
| Q3 FY2019 | Sep 30, 2019 | $20.40M | +18.1% |
| Q2 FY2019 | Jun 30, 2019 | $19.72M | +11.3% |
| Q1 FY2019 | Mar 31, 2019 | $18.77M | +20.8% |
| Q4 FY2018 | Dec 31, 2018 | $19.45M | +43.4% |
| Q3 FY2018 | Sep 30, 2018 | $17.27M | +45.1% |
| Q2 FY2018 | Jun 30, 2018 | $17.72M | +54.1% |
| Q1 FY2018 | Mar 31, 2018 | $15.54M | +49.3% |
| Q4 FY2017 | Dec 31, 2017 | $13.56M | +40.8% |
| Q3 FY2017 | Sep 30, 2017 | $11.90M | – |
| Q2 FY2017 | Jun 30, 2017 | $11.50M | – |
| Q1 FY2017 | Mar 31, 2017 | $10.41M | – |
| Q4 FY2016 | Dec 31, 2016 | $9.63M | – |
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