Varonis Systems (VRNS) Net Margin (2013 - 2026)
Varonis Systems (VRNS) recorded Net Margin of -21.98% in Q3 2026, down 3.45 percentage points from -18.53% a year earlier but up 4.02 percentage points from the prior quarter.
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Analysis
Varonis Systems (VRNS) Net Margin (2013 - 2026) Analysis & Trends
On a TTM basis, Varonis Systems' Net Margin came in at -21.38% as of Sep 30, 2026, down 2.56 percentage points year-over-year; for FY2025, it was -20.74%, down 3.36 percentage points from FY2024.
- Annual Net Margin has a five-year change of +11.38 percentage points (FY2020 to FY2025).
- Across earlier years, Net Margin came in at -17.38% in FY2024 (+2.84 pp), -20.22% in FY2023 (+6.07 pp), -26.29% in FY2022 (+3.66 pp) and -29.95% in FY2021 (+2.17 pp).
- Quarterly Net Margin has ranged from -50.66% in Q1 2022 to -0.58% in Q4 2023 over the past five years.
- On a year-over-year basis, Net Margin rose in two of the last eight quarters, with an average year-over-year change of -2.31 percentage points.
- Peak year-over-year performance for Net Margin in the last five years was a gain of 15.16 percentage points in Q2 2024, against a drop of 7.82 percentage points in Q4 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at -26.00% (Q2 2026), -21.29% (Q1 2026) and -16.02% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 235.00 Bn | 220.07 Bn | 2.30 Bn | -8.27% |
| 2 | CrowdStrike Holdings | 221.18 Bn | 201.58 Bn | 1.10 Bn | 0.36% |
| 3 | Snowflake | 96.49 Bn | 83.81 Bn | 1.04 Bn | -12.39% |
| 4 | Fortinet | 87.26 Bn | 71.51 Bn | 1.64 Bn | 30.58% |
| 5 | Datadog | 64.27 Bn | 44.82 Bn | 959.92 Mn | 9.88% |
| 6 | Zscaler | 31.67 Bn | 17.82 Bn | 689.22 Mn | -0.38% |
| 7 | Okta | 29.42 Bn | 19.51 Bn | 641.00 Mn | 14.41% |
| 8 | Axon Enterprise | 25.30 Bn | 19.82 Bn | 546.45 Mn | 3.25% |
| 9 | MongoDB | 25.20 Bn | 15.67 Bn | 569.77 Mn | 5.30% |
| 10 | Varonis Systems | 5.61 Bn | 2.73 Bn | 142.57 Mn | -21.98% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -21.98% |
| Jun 30, 2026 | -26.00% |
| Mar 31, 2026 | -21.29% |
| Dec 31, 2025 | -16.02% |
| Sep 30, 2025 | -18.53% |
| Jun 30, 2025 | -23.54% |
| Mar 31, 2025 | -26.23% |
| Dec 31, 2024 | -8.20% |
| Sep 30, 2024 | -12.38% |
| Jun 30, 2024 | -18.37% |
| Mar 31, 2024 | -35.51% |
| Dec 31, 2023 | -0.58% |
| Sep 30, 2023 | -18.82% |
| Jun 30, 2023 | -33.53% |
| Mar 31, 2023 | -35.69% |
| Dec 31, 2022 | -7.54% |
| Sep 30, 2022 | -23.29% |
| Jun 30, 2022 | -32.56% |
| Mar 31, 2022 | -50.66% |
| Dec 31, 2021 | -19.71% |
API Access
Varonis Systems Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=VRNS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "VRNS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=VRNS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();