Flagship explainer
How VARONIS SYSTEMS, INC. makes its money
Start with a dollar of revenue and follow what the filing says remains.
Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.
| Filed line | Value | % of revenue | Source |
|---|---|---|---|
| $624M | 100% |
| |
| Cost of revenue | $132M | 21% |
|
| $492M | 79% |
| |
| −$147M | −23% |
| |
| Income before tax | −$116M | −19% |
|
| Income tax | $13M | 2% |
|
| −$129M | −21% |
|
Source:
- SEC filing · FY 2025Filing detailsAccession 0001628280-26-005450