The financials
Varonis Systems, Inc. by the numbers
Varonis Systems, Inc. (VRNS) reported revenue of $180M in Q2 2026 (quarter ended Jun 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 Q2 2026 was United States at $129M, 72% of the disclosed total, well ahead of EMEA at 20%.
| 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 |
|---|---|---|
| United States | $129M | 72% |
| EMEA | $36M | 20% |
| Rest Of World | $15M | 8.1% |
Business Segments
Revenue split by geographic segment, from SEC XBRL filings.
Latest period: Q2 2026Total $180.0M (+4.0%)
Rest Of World grew +25% year on yearEMEA +15% year on year
Segment Latestquarter on quarteryear on year
- United States$129.0M$129.0MQoQ +4.0%year on year +19%+4.0%+19%
- EMEA$36.4M$36.4MQoQ +1.6%year on year +15%+1.6%+15%
- Rest Of World$14.6M$14.6MQoQ +9.8%year on year +25%+9.8%+25%
Software - Infrastructure
Ranks #54 of 64 by Smart Score