Varonis Systems (VRNS) Cost of Revenue (2013 - 2026)
Varonis Systems (VRNS) posted quarterly Cost of Revenue of $44.5 million for Q2 2026, up 42.44% year-over-year from $31.2 million in Q2 2025, and up 7.08% quarter-over-quarter from $41.6 million in Q1 2026.
Varonis Systems (VRNS) Cost of Revenue (2013 - 2026) Analysis & Trends
Varonis Systems' Cost of Revenue history runs 14 years deep, the most recent figure standing at $44.5 million for Q2 2026.
- In Q2 2026, Cost of Revenue rose 42.44% year-over-year to $44.5 million; the TTM figure through Jun 2026 stood at $157.8 million (up 43.02% YoY), while the FY2025 annual figure was $132.0 million, up 40.63% from the prior year.
- Cost of Revenue for Q2 2026 stood at $44.5 million, up from $41.6 million in the prior quarter.
- The five-year high for Cost of Revenue was $44.5 million in Q2 2026, with the low at $17.0 million in Q4 2022.
- The 5-year median for Cost of Revenue is $21.9 million (2024), against an average of $25.2 million.
- The sharpest annual moves came in 2023 and 2025: Cost of Revenue dropped 2.32% in 2023, then jumped 46.41% in 2025.
- Varonis Systems' Cost of Revenue stood at $17.0 million in 2022, then advanced by 13.61% to $19.3 million in 2023, then surged by 34.67% to $26.1 million in 2024, then soared by 40.31% to $36.6 million in 2025, then gained by 21.76% to $44.5 million in 2026.
- Business Quant data shows VRNS's Cost of Revenue at $44.5 million in Q2 2026, $41.6 million in Q1 2026, and $36.6 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 29.53 Bn |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 296.87 Mn |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | - |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 974.00 Mn |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 404.70 Mn |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | 196.54 Mn |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 637.38 Mn |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | 879.00 Mn |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 3.45 Bn |
| 10 | Varonis Systems | 4.99 Bn | 4.33 Bn | 135.51 Mn | 44.51 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 44.51 Mn |
| Jun 30, 2026 | 44.51 Mn |
| Mar 31, 2026 | 41.57 Mn |
| Mar 31, 2026 | 41.57 Mn |
| Dec 31, 2025 | 36.56 Mn |
| Dec 31, 2025 | 36.56 Mn |
| Sep 30, 2025 | 35.15 Mn |
| Sep 30, 2025 | 35.15 Mn |
| Jun 30, 2025 | 31.25 Mn |
| Jun 30, 2025 | 31.25 Mn |
| Mar 31, 2025 | 29.02 Mn |
| Mar 31, 2025 | 29.02 Mn |
| Dec 31, 2024 | 26.06 Mn |
| Dec 31, 2024 | 26.06 Mn |
| Sep 30, 2024 | 24.01 Mn |
| Sep 30, 2024 | 24.01 Mn |
| Jun 30, 2024 | 22.44 Mn |
| Jun 30, 2024 | 22.44 Mn |
| Mar 31, 2024 | 21.35 Mn |
| Mar 31, 2024 | 21.35 Mn |