Varonis Systems VRNS
NASDAQ VRNS
$45.24 -0.85 (-1.84%)
As of: Sep 8, 2026 · 3:23 PM EDT

Varonis Systems (VRNS) Operating Expenses (2013 - 2026)

Varonis Systems (VRNS) posted Operating Expenses of $176.1 million for Q2 2026, little changed on a QoQ basis from $176.0 million in Q1 2026, and up 11.86% year-over-year from $157.5 million in Q2 2025.

Analysis

Varonis Systems (VRNS) Operating Expenses (2013 - 2026) Analysis & Trends

Varonis Systems has reported Operating Expenses for 14 years, with the latest figure at $176.1 million in Q2 2026.

  • On a quarterly basis, Operating Expenses rose 11.86% year-over-year to $176.1 million in Q2 2026; TTM through Jun 2026 was $681.6 million, a 12.41% increase from a year earlier, with the FY2025 full-year figure at $638.1 million, up 11.02% from the prior year.
  • Operating Expenses was $176.1 million for Q2 2026 at Varonis Systems, roughly flat from $176.0 million in the prior quarter.
  • The five-year high for Operating Expenses was $176.1 million in Q2 2026, with the low at $126.5 million in Q1 2022.
  • Average Operating Expenses over 5 years is $146.4 million, with a median of $140.2 million recorded in 2023.
  • The sharpest annual moves came in 2022 and 2024: Operating Expenses surged 32.67% in 2022, then fell 0.73% in 2024.
  • Over 5 years, Operating Expenses stood at $135.6 million in 2022, then rose by 3.26% to $140.0 million in 2023, then increased by 7.15% to $150.0 million in 2024, then gained by 11.37% to $167.1 million in 2025, then increased by 5.43% to $176.1 million in 2026.
  • The last three Operating Expenses figures came in at $176.1 million (Q2 2026), $176.0 million (Q1 2026), and $167.1 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Palo Alto Networks 269.80 Bn 266.69 Bn 2.03 Bn 2.21 Bn
2 CrowdStrike Holdings 213.58 Bn 208.57 Bn 1.10 Bn 1.13 Bn
3 Fortinet 115.34 Bn 111.27 Bn 1.64 Bn 953.90 Mn
4 Axon Enterprise 40.83 Bn 40.15 Bn 546.45 Mn 499.67 Mn
5 Zscaler 26.15 Bn 22.68 Bn - -
6 F5 22.17 Bn 20.57 Bn 711.51 Mn 498.25 Mn
7 Rubrik 18.93 Bn 17.18 Bn 335.12 Mn 407.03 Mn
8 Gen Digital 17.81 Bn 17.25 Bn 1.03 Bn 586.00 Mn
9 Check Point Software Technologies 14.29 Bn 12.01 Bn 574.10 Mn 488.50 Mn
10 Varonis Systems 5.20 Bn 4.54 Bn 135.51 Mn 176.14 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 176.14 Mn
Mar 31, 2026 176.04 Mn
Dec 31, 2025 167.07 Mn
Sep 30, 2025 162.36 Mn
Jun 30, 2025 157.47 Mn
Mar 31, 2025 151.17 Mn
Dec 31, 2024 150.01 Mn
Sep 30, 2024 147.70 Mn
Jun 30, 2024 136.74 Mn
Mar 31, 2024 140.31 Mn
Dec 31, 2023 140.00 Mn
Sep 30, 2023 134.07 Mn
Jun 30, 2023 137.75 Mn
Mar 31, 2023 132.81 Mn
Dec 31, 2022 135.58 Mn
Sep 30, 2022 131.69 Mn
Jun 30, 2022 131.22 Mn
Mar 31, 2022 126.54 Mn
Dec 31, 2021 127.03 Mn
Sep 30, 2021 104.57 Mn