Varonis Systems (VRNS) Operating Expenses (2013 - 2026)
Varonis Systems (VRNS) posted quarterly Operating Expenses of $176.1 million for Q2 2026, up 11.86% year-over-year from $157.5 million in Q2 2025, and little changed quarter-over-quarter from $176.0 million in Q1 2026.
Varonis Systems (VRNS) Operating Expenses (2013 - 2026) Analysis & Trends
Varonis Systems' Operating Expenses history runs 14 years deep, the most recent figure standing at $176.1 million for Q2 2026.
- In Q2 2026, Operating Expenses rose 11.86% year-over-year to $176.1 million; the TTM figure through Jun 2026 stood at $681.6 million (up 12.41% YoY), while the FY2025 annual figure was $638.1 million, up 11.02% from the prior year.
- Operating Expenses for Q2 2026 stood at $176.1 million, 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.
- The 5-year median for Operating Expenses is $140.2 million (2023), against an average of $146.4 million.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses soared 32.67% in 2022, then dropped 0.73% in 2024.
- Varonis Systems' Operating Expenses stood at $135.6 million in 2022, then grew by 3.26% to $140.0 million in 2023, then climbed by 7.15% to $150.0 million in 2024, then increased by 11.37% to $167.1 million in 2025, then climbed by 5.43% to $176.1 million in 2026.
- Business Quant data shows VRNS's Operating Expenses at $176.1 million in Q2 2026, $176.0 million in Q1 2026, and $167.1 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 12.28 Bn |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 726.59 Mn |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | 13.05 Bn |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 2.21 Bn |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 953.90 Mn |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | 705.21 Mn |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 1.57 Bn |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | 2.62 Bn |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 2.72 Bn |
| 10 | Varonis Systems | 4.99 Bn | 4.33 Bn | 135.51 Mn | 176.14 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |