Varonis Systems (VRNS) Gross Margin (2013 - 2026)
Varonis Systems' (VRNS) quarterly Gross Margin came in at 75.99% in Q1 2026, down 274.0% year-on-year from 43.67% in Q1 2025, and down 3.71% quarter-over-quarter from 78.91% in Q4 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.
- On a quarterly basis, Gross Margin fell 274.0% year-over-year to 75.99% in Q1 2026; TTM through Mar 2026 was 78.11%, a 418.0% decrease from a year earlier, with the FY2025 full-year figure at 78.83%, down 413.0% from the prior year.
- Gross Margin slipped to 75.99% in Q1 2026 per VRNS's latest filing, from 78.91% in the prior quarter.
- Across five years, Gross Margin topped out at 88.06% in Q4 2022 and bottomed at 75.99% in Q1 2026.
- The 5-year median for Gross Margin is 83.56% (2024), against an average of 82.6%.
- Across the five-year window, Gross Margin soared 207 bps in 2023 and plunged 554 bps in 2025, its largest moves.
- Year by year, Gross Margin 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.
- Per Business Quant, the three latest VRNS Gross Margin figures stand at 75.99% (Q1 2026), 78.91% (Q4 2025), and 78.25% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,895.32 Bn | 2,770.88 Bn | 56.06 Bn | 67.63% |
| 2 | PagSeguro Digital | 2,672.75 Bn | 2,672.75 Bn | 358.92 Mn | 37.74% |
| 3 | Repay Holdings | 344.36 Bn | 344.21 Bn | - | - |
| 4 | Oracle | 339.20 Bn | 307.30 Bn | - | - |
| 5 | Palantir Technologies | 296.91 Bn | 288.89 Bn | 1.42 Bn | 86.78% |
| 6 | Palo Alto Networks | 225.55 Bn | 221.01 Bn | 1.91 Bn | 73.59% |
| 7 | CrowdStrike Holdings | 185.68 Bn | 182.58 Bn | 993.68 Mn | 76.12% |
| 8 | Fortinet | 109.83 Bn | 106.54 Bn | 1.49 Bn | 80.29% |
| 9 | Cloudflare | 95.19 Bn | 94.25 Bn | 455.60 Mn | 71.21% |
| 10 | Varonis Systems | 4.59 Bn | 4.37 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% |