Varonis Systems (VRNS) Gross Margin (2013 - 2026)
Varonis Systems (VRNS) recorded quarterly Gross Margin of 75.99% in Q1 2026, down 3.71% quarter-over-quarter from 78.91% in Q4 2025, and down 274.0% on a YoY basis from 43.67% in Q1 2025.
Varonis Systems (VRNS) Gross Margin (2013 - 2026) Analysis & Trends
Varonis Systems' Gross Margin history runs 14 years deep, the most recent figure standing at 75.99% for Q1 2026.
- In Q1 2026, Gross Margin fell 274.0% year-over-year to 75.99%; the TTM figure through Mar 2026 stood at 78.11% (down 418.0% YoY), while the FY2025 annual figure was 78.83%, down 413.0% from the prior year.
- Gross Margin was 75.99% for Q1 2026 at Varonis Systems, down from 78.91% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 88.06% in Q4 2022 to a low of 75.99% in Q1 2026.
- Historically, Gross Margin has averaged 82.6% across 5 years, with a median of 83.56% in 2024.
- The sharpest annual moves came in 2023 and 2025: Gross Margin jumped 207 bps in 2023, then plunged 554 bps in 2025.
- A 5-year view of Gross Margin shows it stood at 88.06% in 2022, then fell by 1 bps to 87.45% in 2023, then declined by 4 bps to 83.56% in 2024, then declined by 6 bps to 78.91% in 2025, then dropped by 4 bps to 75.99% in 2026.
- The last three Gross Margin figures came in at 75.99% (Q1 2026), 78.91% (Q4 2025), and 78.25% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,998.30 Bn | 2,920.03 Bn | 56.06 Bn | 67.63% |
| 2 | Alarum Technologies | 1,040.72 Bn | 1,026.57 Bn | 7.23 Mn | 61.73% |
| 3 | Oracle | 590.32 Bn | 551.74 Bn | 15.14 Bn | 88.06% |
| 4 | Palantir Technologies | 316.31 Bn | 308.39 Bn | 1.42 Bn | 86.78% |
| 5 | Palo Alto Networks | 181.17 Bn | 176.63 Bn | 1.91 Bn | 73.59% |
| 6 | CrowdStrike Holdings | 161.69 Bn | 158.63 Bn | 993.68 Mn | 76.12% |
| 7 | Fortinet | 102.35 Bn | 99.06 Bn | 1.49 Bn | 80.29% |
| 8 | Synopsys | 88.25 Bn | 88.13 Bn | 1.77 Bn | 73.54% |
| 9 | Cloudflare | 83.26 Bn | 82.32 Bn | 455.60 Mn | 71.21% |
| 10 | Varonis Systems | 3.77 Bn | 3.55 Bn | 131.56 Mn | 75.99% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 75.99% |
| Dec 31, 2025 | 78.91% |
| Sep 30, 2025 | 78.25% |
| Jun 30, 2025 | 79.46% |
| Mar 31, 2025 | 78.73% |
| Dec 31, 2024 | 83.56% |
| Sep 30, 2024 | 83.79% |
| Jun 30, 2024 | 82.79% |
| Mar 31, 2024 | 81.28% |
| Dec 31, 2023 | 87.45% |
| Sep 30, 2023 | 85.79% |
| Jun 30, 2023 | 84.94% |
| Mar 31, 2023 | 83.57% |
| Dec 31, 2022 | 88.06% |
| Sep 30, 2022 | 86.05% |
| Jun 30, 2022 | 84.03% |
| Mar 31, 2022 | 81.50% |
| Dec 31, 2021 | 86.27% |
| Sep 30, 2021 | 85.71% |
| Jun 30, 2021 | 83.94% |