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

Varonis Systems' (VRNS) quarterly Operating Expenses came in at $176.0 million in Q1 2026, up 16.45% year-on-year from $151.2 million in Q1 2025, and up 5.37% quarter-over-quarter from $167.1 million in Q4 2025.

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

Varonis Systems' Operating Expenses history runs 14 years deep, the most recent figure standing at $176.0 million for Q1 2026.

  • On a quarterly basis, Operating Expenses rose 16.45% year-over-year to $176.0 million in Q1 2026; TTM through Mar 2026 was $662.9 million, a 13.2% increase from a year earlier, with the FY2025 full-year figure at $638.1 million, up 11.02% from the prior year.
  • Operating Expenses advanced to $176.0 million in Q1 2026 per VRNS's latest filing, from $167.1 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $176.0 million in Q1 2026 and bottomed at $126.5 million in Q1 2022.
  • The 5-year median for Operating Expenses is $140.0 million (2023), against an average of $144.6 million.
  • Across the five-year window, Operating Expenses soared 32.67% in 2022 and retreated 0.73% in 2024, its largest moves.
  • Year by year, Operating Expenses stood at $135.6 million in 2022, then increased by 3.26% to $140.0 million in 2023, then grew by 7.15% to $150.0 million in 2024, then rose by 11.37% to $167.1 million in 2025, then increased by 5.37% to $176.0 million in 2026.
  • Per Business Quant, the three latest VRNS Operating Expenses figures stand at $176.0 million (Q1 2026), $167.1 million (Q4 2025), and $162.4 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Microsoft 2,921.46 Bn 2,797.02 Bn 56.06 Bn 8.75 Bn
2 PagSeguro Digital 2,686.70 Bn 2,686.70 Bn 358.92 Mn -363.49 Mn
3 Oracle 344.13 Bn 312.24 Bn - 13.05 Bn
4 Repay Holdings 342.29 Bn 342.15 Bn - -
5 Palantir Technologies 294.57 Bn 286.54 Bn 1.42 Bn 662.79 Mn
6 Palo Alto Networks 224.46 Bn 219.93 Bn 1.91 Bn 1.51 Bn
7 CrowdStrike Holdings 182.52 Bn 179.42 Bn 993.68 Mn 979.89 Mn
8 Fortinet 111.29 Bn 107.99 Bn 1.49 Bn 905.10 Mn
9 Cloudflare 93.63 Bn 92.68 Bn 455.60 Mn 517.59 Mn
10 Varonis Systems 5.19 Bn 4.97 Bn 131.56 Mn 176.04 Mn

Historic Data

Download Data
DateValue
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
Jun 30, 2021 102.45 Mn