Varonis Systems (VRNS) Research & Development (2013 - 2026)
Varonis Systems (VRNS) posted Research & Development of $79.0 million for Q2 2026, down 1.69% on a QoQ basis from $80.3 million in Q1 2026, and up 3.13% year-over-year from $76.6 million in Q2 2025.
Analysis
Varonis Systems (VRNS) Research & Development (2013 - 2026) Analysis & Trends
Varonis Systems has reported Research & Development for 14 years, with the latest figure at $79.0 million in Q2 2026.
- On a quarterly basis, Research & Development rose 3.13% year-over-year to $79.0 million in Q2 2026; TTM through Jun 2026 was $311.3 million, a 4.88% increase from a year earlier, with the FY2025 full-year figure at $301.3 million, up 4.35% from the prior year.
- Research & Development was $79.0 million for Q2 2026 at Varonis Systems, down from $80.3 million in the prior quarter.
- The five-year high for Research & Development was $80.3 million in Q1 2026, with the low at $64.8 million in Q1 2022.
- Average Research & Development over 5 years is $72.4 million, with a median of $71.3 million recorded in 2024.
- The sharpest annual moves came in 2022 and 2023: Research & Development increased 25.82% in 2022, then retreated 1.72% in 2023.
- Over 5 years, Research & Development stood at $71.8 million in 2022, then dropped by 1.69% to $70.6 million in 2023, then gained by 7.87% to $76.1 million in 2024, then rose by 2.43% to $78.0 million in 2025, then rose by 1.29% to $79.0 million in 2026.
- The last three Research & Development figures came in at $79.0 million (Q2 2026), $80.3 million (Q1 2026), and $78.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 270.63 Bn | 267.51 Bn | 2.03 Bn | 1.16 Bn |
| 2 | CrowdStrike Holdings | 214.77 Bn | 209.76 Bn | 1.10 Bn | 509.97 Mn |
| 3 | Fortinet | 114.97 Bn | 110.90 Bn | 1.64 Bn | 669.10 Mn |
| 4 | Axon Enterprise | 40.72 Bn | 40.05 Bn | 546.45 Mn | 208.69 Mn |
| 5 | Zscaler | 26.09 Bn | 22.61 Bn | - | - |
| 6 | F5 | 22.18 Bn | 20.57 Bn | 711.51 Mn | 238.03 Mn |
| 7 | Rubrik | 18.91 Bn | 17.16 Bn | 335.12 Mn | 224.45 Mn |
| 8 | Gen Digital | 17.81 Bn | 17.24 Bn | 1.03 Bn | 300.00 Mn |
| 9 | Check Point Software Technologies | 14.28 Bn | 12.00 Bn | 574.10 Mn | 239.00 Mn |
| 10 | Varonis Systems | 5.21 Bn | 4.55 Bn | 135.51 Mn | 78.98 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 78.98 Mn |
| Mar 31, 2026 | 80.34 Mn |
| Dec 31, 2025 | 77.98 Mn |
| Sep 30, 2025 | 74.03 Mn |
| Jun 30, 2025 | 76.58 Mn |
| Mar 31, 2025 | 72.76 Mn |
| Dec 31, 2024 | 76.12 Mn |
| Sep 30, 2024 | 71.38 Mn |
| Jun 30, 2024 | 70.04 Mn |
| Mar 31, 2024 | 71.23 Mn |
| Dec 31, 2023 | 70.57 Mn |
| Sep 30, 2023 | 68.61 Mn |
| Jun 30, 2023 | 70.32 Mn |
| Mar 31, 2023 | 68.39 Mn |
| Dec 31, 2022 | 71.78 Mn |
| Sep 30, 2022 | 69.81 Mn |
| Jun 30, 2022 | 68.71 Mn |
| Mar 31, 2022 | 64.79 Mn |
| Dec 31, 2021 | 67.67 Mn |
| Sep 30, 2021 | 56.23 Mn |