Varonis Systems (VRNS) Cost of Revenue (2013 - 2026)

Varonis Systems (VRNS) has reported Cost of Revenue for 14 consecutive years, with $41.6 million the latest figure, recorded in Q1 2026.

• In Q1 2026, Cost of Revenue rose 43.26% year-over-year to $41.6 million; the TTM figure through Mar 2026 stood at $313.9 million (down 8.76% YoY), while the FY2025 annual figure was $301.3 million, up 4.35% from the prior year.
• Cost of Revenue came in at $41.6 million for Q1 2026 at Varonis Systems, down from $205.9 million in the prior quarter.
• The five-year high for Cost of Revenue was $222.3 million in Q4 2022, with the low at -$135.6 million in Q4 2023.
• Average Cost of Revenue over 5 years is $63.4 million, with a median of $41.6 million recorded in 2026.
• Across the five-year window, Cost of Revenue plunged 160.99% in 2023 and surged 303.85% in 2024, its largest moves.
• Year by year, Cost of Revenue stood at $222.3 million in 2022, then plunged by 160.99% to -$135.6 million in 2023, then soared by 262.99% to $221.0 million in 2024, then dropped by 6.81% to $205.9 million in 2025, then slumped by 79.81% to $41.6 million in 2026.
• According to Business Quant data, Cost of Revenue over the past three periods registered $41.6 million, $205.9 million, and $35.1 million for Q1 2026, Q4 2025, and Q3 2025 respectively.