Varonis Systems, Inc.
VRNSFinancial Statements
Income Statement (Annual)
Amounts in millions
2024
12/31/2024
Revenue
551
Cost of Revenue
94
Gross Profit
457
Gross Margin
83.0%
Operating Income
-107
Operating Margin
-19.4%
Net Income
-96
Net Margin
-17.4%
EPS (Basic)
$-0.86
EPS (Diluted)
$-0.86
EBITDA
-64
EBITDA Margin
-11.5%
2023
12/31/2023
Revenue
499
Cost of Revenue
72
Gross Profit
427
Gross Margin
85.6%
Operating Income
-131
Operating Margin
-26.3%
Net Income
-101
Net Margin
-20.2%
EPS (Basic)
$-0.92
EPS (Diluted)
$-0.92
EBITDA
-71
EBITDA Margin
-14.1%
2022
12/31/2022
Revenue
474
Cost of Revenue
70
Gross Profit
404
Gross Margin
85.3%
Operating Income
-117
Operating Margin
-24.8%
Net Income
-125
Net Margin
-26.3%
EPS (Basic)
$-1.14
EPS (Diluted)
$-1.14
EBITDA
-82
EBITDA Margin
-17.3%
2021
12/31/2021
Revenue
390
Cost of Revenue
59
Gross Profit
331
Gross Margin
84.8%
Operating Income
-108
Operating Margin
-27.6%
Net Income
-117
Net Margin
-30.0%
EPS (Basic)
$-1.11
EPS (Diluted)
$-1.11
EBITDA
-80
EBITDA Margin
-20.5%
2020
12/31/2020
Revenue
293
Cost of Revenue
44
Gross Profit
248
Gross Margin
84.9%
Operating Income
-78
Operating Margin
-26.8%
Net Income
-94
Net Margin
-32.1%
EPS (Basic)
$-1.00
EPS (Diluted)
$-1.00
EBITDA
-62
EBITDA Margin
-21.1%