Varonis Systems (VRNS) Operating Income (2013 - 2026)
Varonis Systems' (VRNS) quarterly Operating Income came in at -$44.5 million in Q1 2026, down 1.63% year-on-year from -$45.2 million in Q1 2025, and down 46.99% quarter-over-quarter from -$30.3 million in Q4 2025.
Varonis Systems (VRNS) Operating Income (2013 - 2026) Analysis & Trends
Varonis Systems' Operating Income history runs 14 years deep, the most recent figure standing at -$44.5 million for Q1 2026.
- On a quarterly basis, Operating Income fell 1.63% year-over-year to -$44.5 million in Q1 2026; TTM through Mar 2026 was -$147.2 million, a 29.39% decrease from a year earlier, with the FY2025 full-year figure at -$146.5 million, down 24.53% from the prior year.
- Operating Income slipped to -$44.5 million in Q1 2026 per VRNS's latest filing, from -$30.3 million in the prior quarter.
- Across five years, Operating Income topped out at -$5.2 million in Q4 2023 and bottomed at -$48.1 million in Q1 2022.
- The 5-year median for Operating Income is -$35.9 million (2025), against an average of -$32.2 million.
- Across the five-year window, Operating Income soared 47.52% in 2023 and sank 234.71% in 2024, its largest moves.
- Year by year, Operating Income stood at -$10.0 million in 2022, then surged by 47.52% to -$5.2 million in 2023, then sank by 234.71% to -$17.6 million in 2024, then slumped by 72.41% to -$30.3 million in 2025, then tumbled by 46.99% to -$44.5 million in 2026.
- Per Business Quant, the three latest VRNS Operating Income figures stand at -$44.5 million (Q1 2026), -$30.3 million (Q4 2025), and -$35.9 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,921.46 Bn | 2,797.02 Bn | 56.06 Bn | 38.40 Bn |
| 2 | PagSeguro Digital | 2,686.70 Bn | 2,686.70 Bn | 358.92 Mn | 722.41 Mn |
| 3 | Oracle | 344.13 Bn | 312.24 Bn | - | 6.13 Bn |
| 4 | Repay Holdings | 342.29 Bn | 342.15 Bn | - | - |
| 5 | Palantir Technologies | 294.57 Bn | 286.54 Bn | 1.42 Bn | 754.00 Mn |
| 6 | Palo Alto Networks | 224.46 Bn | 219.93 Bn | 1.91 Bn | 397.00 Mn |
| 7 | CrowdStrike Holdings | 182.52 Bn | 179.42 Bn | 993.68 Mn | 13.79 Mn |
| 8 | Fortinet | 111.29 Bn | 107.99 Bn | 1.49 Bn | 580.00 Mn |
| 9 | Cloudflare | 93.63 Bn | 92.68 Bn | 455.60 Mn | -61.99 Mn |
| 10 | Varonis Systems | 5.19 Bn | 4.97 Bn | 131.56 Mn | -44.48 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -44.48 Mn |
| Dec 31, 2025 | -30.26 Mn |
| Sep 30, 2025 | -35.93 Mn |
| Jun 30, 2025 | -36.55 Mn |
| Mar 31, 2025 | -43.77 Mn |
| Dec 31, 2024 | -17.55 Mn |
| Sep 30, 2024 | -23.64 Mn |
| Jun 30, 2024 | -28.83 Mn |
| Mar 31, 2024 | -47.63 Mn |
| Dec 31, 2023 | -5.24 Mn |
| Sep 30, 2023 | -29.15 Mn |
| Jun 30, 2023 | -39.72 Mn |
| Mar 31, 2023 | -43.12 Mn |
| Dec 31, 2022 | -9.99 Mn |
| Sep 30, 2022 | -25.58 Mn |
| Jun 30, 2022 | -37.57 Mn |
| Mar 31, 2022 | -48.09 Mn |
| Dec 31, 2021 | -17.83 Mn |
| Sep 30, 2021 | -18.56 Mn |
| Jun 30, 2021 | -28.23 Mn |