Varonis Systems (VRNS) Research & Development (2013 - 2026)
Varonis Systems' Research & Development came in at $73.34 million for Q2 2026, up 30.4% from $56.25 million a year earlier and up 5.1% from the prior quarter.
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Analysis
Varonis Systems (VRNS) Research & Development (2013 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Varonis Systems reported Research & Development of $270.46 million, up 26.1% year-over-year; for FY2025, it came in at $237.81 million, up 20.9% from FY2024.
- Research & Development has increased in each of the last 13 years, with a five-year compound annual growth rate of 19.1% (FY2020 to FY2025).
- Going back by year, Research & Development was $196.77 million in FY2024 (+7.0%), $183.84 million in FY2023 (+3.3%), $177.88 million in FY2022 (+29.0%) and $137.88 million in FY2021 (+38.8%).
- The Q2 2026 figure represents the highest quarterly Research & Development in data going back to Q1 2013.
- Year-over-year, Research & Development has increased for eight consecutive quarters, with growth averaging 20.9% over the last eight quarters.
- The fastest year-over-year change in Research & Development over five years came in Q1 2022 (growth of 44.9%), and the weakest in Q2 2024 (a decline of 2.6%).
- Business Quant data shows VRNS's Research & Development at $69.76 million (Q1 2026), $64.62 million (Q4 2025) and $62.74 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 319.55 Bn | 304.63 Bn | 2.30 Bn | 779.00 Mn |
| 2 | CrowdStrike Holdings | 265.46 Bn | 245.90 Bn | 1.10 Bn | 444.20 Mn |
| 3 | Fortinet | 129.36 Bn | 115.29 Bn | 1.64 Bn | 225.00 Mn |
| 4 | Snowflake | 115.65 Bn | 102.97 Bn | 1.04 Bn | 567.48 Mn |
| 5 | Datadog | 96.45 Bn | 78.09 Bn | 881.34 Mn | 477.97 Mn |
| 6 | Axon Enterprise | 34.50 Bn | 29.03 Bn | 546.45 Mn | 208.69 Mn |
| 7 | Okta | 33.79 Bn | 23.89 Bn | 641.00 Mn | 163.00 Mn |
| 8 | Zscaler | 32.51 Bn | 18.63 Bn | - | - |
| 9 | Baidu | 29.59 Bn | -44.04 Bn | 1.47 Mn | 679.00 Mn |
| 10 | Varonis Systems | 5.50 Bn | 2.54 Bn | 135.51 Mn | 73.34 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 73.34 Mn |
| Mar 31, 2026 | 69.76 Mn |
| Dec 31, 2025 | 64.62 Mn |
| Sep 30, 2025 | 62.74 Mn |
| Jun 30, 2025 | 56.25 Mn |
| Mar 31, 2025 | 54.21 Mn |
| Dec 31, 2024 | 50.55 Mn |
| Sep 30, 2024 | 53.46 Mn |
| Jun 30, 2024 | 44.93 Mn |
| Mar 31, 2024 | 47.83 Mn |
| Dec 31, 2023 | 48.14 Mn |
| Sep 30, 2023 | 44.82 Mn |
| Jun 30, 2023 | 46.14 Mn |
| Mar 31, 2023 | 44.73 Mn |
| Dec 31, 2022 | 45.02 Mn |
| Sep 30, 2022 | 44.48 Mn |
| Jun 30, 2022 | 44.82 Mn |
| Mar 31, 2022 | 43.57 Mn |
| Dec 31, 2021 | 40.14 Mn |
| Sep 30, 2021 | 34.34 Mn |
API Access
Varonis Systems Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=VRNS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "VRNS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=VRNS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();