The financials
Varonis Systems, Inc. by the numbers
Varonis Systems, Inc. (VRNS) reported revenue of $180M in Q2 2026 (quarter ended June 30, 2026), up 18% from the same quarter a year earlier. That came with a gross margin of 75% and net loss of $47M. For the full year FY2025, revenue was $624M (+13% year on year) and net income −$129M. Its largest region in 2026-Q1 was US at $124M, 72% of the disclosed total, just ahead of EMEA at 21%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $180M | $152M | +18% |
| Gross profit | $136M | $121M | +12% |
| Operating income | −$41M | −$37M | n/a |
| Net income | −$47M | −$36M | n/a |
| Diluted EPS | −$0.41 | −$0.32 | n/a |
| Geographic | Revenue | Share |
|---|---|---|
| US | $124M | 72% |
| EMEA | $36M | 21% |
| Rest Of World | $13M | 7.7% |
Business Segments
Revenue split by geographic segment, from SEC XBRL filings.
Latest period: Q1 2026Total $173.1M (+7.1%)
US grew +30% year on yearRest Of World +7.6% year on year
Segment Latestquarter on quarteryear on year
- US$124.0M$124.0MQoQ -year on year +30%-+30%
- EMEA$35.8M$35.8MQoQ +14%year on year +26%+14%+26%
- Rest Of World$13.3M$13.3MQoQ +10%year on year +7.6%+10%+7.6%
- North America--QoQ -year on year ---
Software - Infrastructure
Ranks #35 of 78 by Smart Score