Varonis Systems, Inc. (VRNS) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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VRNS Revenue Growth
Revenue Breakdown (FY 2025)
VRNS's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
VRNS Revenue Analysis (2014–2025)
As of May 8, 2026, Varonis Systems, Inc. (VRNS) generated trailing twelve-month (TTM) revenue of $660.2 million, reflecting exceptional growth of +26.9% year-over-year. The most recent quarter (Q1 2026) recorded $173.1 million in revenue, down 0.1% sequentially.
Looking at the longer-term picture, VRNS's 5-year compound annual growth rate (CAGR) stands at +16.3%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $623.5 million in 2025, representing a new all-time high.
Revenue diversification analysis shows VRNS's business is primarily driven by Software as a Service (74%), Subscription and Circulation (18%), and Maintenance (8%). With over half of revenue concentrated in Software as a Service, the company maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including CYBR (+36.0% YoY), SAIL (+47.9% YoY), and DDOG (+29.5% YoY), VRNS has underperformed the peer group in terms of revenue growth. Compare VRNS vs CYBR →
VRNS Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| VRNSCurrent | $660M | +26.9% | +16.3% | -23.5% | |
 CYBR | $1.4B | +36.0% | +24.0% | -7.7% | |
 SAIL | $862M | +47.9% | +28.2% | -21.9% | |
 DDOG | $3.4B | +29.5% | +41.5% | -1.3% | |
 QLYS | $669M | +10.2% | +13.0% | 33.2% | |
 TENB | $999M | +10.7% | +17.8% | 0.1% |
VRNS Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $623.5M | +13.2% | $493.4M | 79.1% | $-146,514,000 | -23.5% |
| 2024 | $551.0M | +10.4% | $457.1M | 83.0% | $-106,810,000 | -19.4% |
| 2023 | $499.2M | +5.4% | $427.4M | 85.6% | $-131,479,000 | -26.3% |
| 2022 | $473.6M | +21.4% | $403.8M | 85.3% | $-117,410,000 | -24.8% |
| 2021 | $390.1M | +33.3% | $330.7M | 84.8% | $-107,595,000 | -27.6% |
| 2020 | $292.7M | +15.1% | $248.4M | 84.9% | $-78,415,000 | -26.8% |
| 2019 | $254.2M | -6.0% | $219.0M | 86.2% | $-75,987,000 | -29.9% |
| 2018 | $270.3M | +24.3% | $242.6M | 89.8% | $-29,135,000 | -10.8% |
| 2017 | $217.4M | +32.2% | $196.5M | 90.4% | $-13,419,000 | -6.2% |
| 2016 | $164.5M | +29.3% | $148.6M | 90.4% | $-15,694,000 | -9.5% |
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Start ComparisonVRNS — Frequently Asked Questions
Quick answers to the most common questions about buying VRNS stock.
Is VRNS's revenue growth accelerating or slowing?
VRNS revenue is accelerating at +26.9% year-over-year, exceeding the 5-year CAGR of +16.3%. TTM revenue reached $660M. Growth momentum has increased versus prior periods.
What is VRNS's long-term revenue growth rate?
Varonis Systems, Inc.'s 5-year revenue CAGR of +16.3% reflects the sustained expansion pattern. Current YoY growth of +26.9% is above this long-term average.
How is VRNS's revenue distributed by segment?
VRNS reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.