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

Varonis Systems' Cost of Revenue history runs 14 years deep, the most recent figure standing at $41.6 million for 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 was $41.6 million for Q1 2026 at Varonis Systems, down from $205.9 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $222.3 million in Q4 2022 to a low of -$135.6 million in Q4 2023.
• Historically, Cost of Revenue has averaged $63.4 million across 5 years, with a median of $41.6 million in 2026.
• The sharpest annual moves came in 2023 and 2024: Cost of Revenue tumbled 160.99% in 2023, then surged 303.85% in 2024.
• A 5-year view of Cost of Revenue shows it stood at $222.3 million in 2022, then tumbled by 160.99% to -$135.6 million in 2023, then soared by 262.99% to $221.0 million in 2024, then retreated by 6.81% to $205.9 million in 2025, then sank by 79.81% to $41.6 million in 2026.
• The last three Cost of Revenue figures came in at $41.6 million (Q1 2026), $205.9 million (Q4 2025), and $35.1 million (Q3 2025), per Business Quant data.