Varonis Systems (VRNS) Research & Development (2013 - 2026)
Varonis Systems' (VRNS) quarterly Research & Development came in at $69.8 million in Q1 2026, up 28.69% year-on-year from $54.2 million in Q1 2025, and down 45.56% quarter-over-quarter from $128.1 million in Q4 2025.
Varonis Systems (VRNS) Research & Development (2013 - 2026) Analysis & Trends
Varonis Systems' Research & Development history runs 14 years deep, the most recent figure standing at $69.8 million for Q1 2026.
- On a quarterly basis, Research & Development rose 28.69% year-over-year to $69.8 million in Q1 2026; TTM through Mar 2026 was $348.5 million, a 8.82% increase from a year earlier, with the FY2025 full-year figure at $301.3 million, up 4.35% from the prior year.
- Research & Development retreated to $69.8 million in Q1 2026 per VRNS's latest filing, from $128.1 million in the prior quarter.
- Across five years, Research & Development topped out at $142.5 million in Q4 2024 and bottomed at $43.6 million in Q1 2022.
- The 5-year median for Research & Development is $69.8 million (2026), against an average of $74.8 million.
- Biggest YoY gain for Research & Development was 103.27% in 2022; the steepest drop was 45.86% in 2022.
- Year by year, Research & Development stood at $71.8 million in 2022, then jumped by 98.11% to $142.2 million in 2023, then climbed by 0.25% to $142.5 million in 2024, then slipped by 10.1% to $128.1 million in 2025, then plunged by 45.56% to $69.8 million in 2026.
- Per Business Quant, the three latest VRNS Research & Development figures stand at $69.8 million (Q1 2026), $128.1 million (Q4 2025), and $74.0 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,921.46 Bn | 2,797.02 Bn | 56.06 Bn | 6.81 Bn |
| 2 | PagSeguro Digital | 2,686.70 Bn | 2,686.70 Bn | 358.92 Mn | - |
| 3 | Oracle | 344.13 Bn | 312.24 Bn | - | 4.01 Bn |
| 4 | Repay Holdings | 342.29 Bn | 342.15 Bn | - | - |
| 5 | Palantir Technologies | 294.57 Bn | 286.54 Bn | 1.42 Bn | 160.98 Mn |
| 6 | Palo Alto Networks | 224.46 Bn | 219.93 Bn | 1.91 Bn | 823.00 Mn |
| 7 | CrowdStrike Holdings | 182.52 Bn | 179.42 Bn | 993.68 Mn | 802.89 Mn |
| 8 | Fortinet | 111.29 Bn | 107.99 Bn | 1.49 Bn | 636.30 Mn |
| 9 | Cloudflare | 93.63 Bn | 92.68 Bn | 455.60 Mn | 271.60 Mn |
| 10 | Varonis Systems | 5.19 Bn | 4.97 Bn | 131.56 Mn | 69.76 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 69.76 Mn |
| Dec 31, 2025 | 128.15 Mn |
| Sep 30, 2025 | 74.03 Mn |
| Jun 30, 2025 | 76.58 Mn |
| Mar 31, 2025 | 54.21 Mn |
| Dec 31, 2024 | 142.55 Mn |
| Sep 30, 2024 | 53.46 Mn |
| Jun 30, 2024 | 70.04 Mn |
| Mar 31, 2024 | 47.83 Mn |
| Dec 31, 2023 | 142.20 Mn |
| Sep 30, 2023 | 68.61 Mn |
| Jun 30, 2023 | 46.14 Mn |
| Mar 31, 2023 | 44.73 Mn |
| Dec 31, 2022 | 71.78 Mn |
| Sep 30, 2022 | 69.81 Mn |
| Jun 30, 2022 | 68.71 Mn |
| Mar 31, 2022 | 43.57 Mn |
| Dec 31, 2021 | 132.58 Mn |
| Sep 30, 2021 | 34.34 Mn |
| Jun 30, 2021 | 54.92 Mn |