Varonis Systems
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Varonis Systems's past years’ income statements indicate that its last revenue has increased compared to the previous period by 5% to $499,160,000. The net income raised on -$100,916,000 and profit margin reached -20%. Total operating expenses were $544,632,000.
Profit Margin
| 2014 | 101.34M | -19.39M | -19.14% |
|---|---|---|---|
| 2015 | 127.21M | -21.28M | -16.73% |
| 2016 | 164.45M | -17.71M | -10.77% |
| 2017 | 217.36M | -13.69M | -6.3% |
| 2018 | 270.28M | -28.57M | -10.57% |
| 2019 | 254.19M | -78.76M | -30.99% |
| 2020 | 292.68M | -94.01M | -32.12% |
| 2021 | 390.13M | -116.86M | -29.95% |
| 2022 | 473.63M | -124.51M | -26.29% |
| 2023 | 499.16M | -100.91M | -20.22% |
VRNS Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 499.16M | 473.63M | 390.13M | 292.68M | 254.19M | 270.28M | 217.36M | 164.45M | 127.21M | 101.34M |
Cost of revenue | 71.75M | 69.83M | 59.39M | 44.26M | 35.14M | 27.68M | 20.87M | 15.84M | 12.01M | 9.91M |
Gross profit | 427.40M | 403.79M | 330.73M | 248.42M | 219.04M | 242.60M | 196.49M | 148.61M | 115.19M | 91.43M |
Operating exp. | ||||||||||
Research and development | 183.83M | 177.88M | 137.88M | 99.36M | 80.76M | 69.97M | 47.36M | 36.66M | 31.79M | 28.08M |
Selling and marketing | 277.89M | 275.09M | 230.31M | 179.90M | 169.89M | 168.30M | 135.89M | 107.82M | 86.36M | 68.78M |
Total operating expenses | 544.63M | 525.02M | 429.42M | 326.84M | 295.03M | 271.74M | 210.08M | 164.30M | 134.26M | 108.74M |
Operating income | -117.22M | -121.22M | -98.69M | -78.41M | -75.98M | -29.13M | -13.59M | -15.69M | -19.07M | -17.30M |
Other income (expenses), net | 30.30M | 10.41M | -12.14M | -7.48M | -389K | -574K | 2.36M | -1.22M | -1.52M | -1.71M |
Income before tax | -86.91M | -110.81M | -110.83M | -85.89M | -76.37M | -28.16M | -11.23M | -16.57M | -20.59M | -19.02M |
Income tax expense | 13.99M | 13.70M | 6.02M | 8.11M | 2.38M | 413K | 2.45M | 1.13M | 686K | 376K |
Net income | -100.91M | -124.51M | -116.86M | -94.01M | -78.76M | -28.57M | -13.69M | -17.71M | -21.28M | -19.39M |
Earnings per share | ||||||||||
Basic EPS | -0.92 | -1.14 | -1.11 | -1 | -0.87 | -0.33 | -0.17 | -0.22 | -0.28 | -0.3 |
Diluted EPS | -0.92 | -1.14 | -1.11 | -1 | -0.87 | -0.33 | -0.17 | -0.22 | -0.28 | -0.3 |
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