Varonis Systems Inc
NASDAQ:VRNS
Income Statement
Earnings Waterfall
Varonis Systems Inc
Revenue
|
499.2m
USD
|
Cost of Revenue
|
-71.8m
USD
|
Gross Profit
|
427.4m
USD
|
Operating Expenses
|
-544.6m
USD
|
Operating Income
|
-117.2m
USD
|
Other Expenses
|
16.3m
USD
|
Net Income
|
-100.9m
USD
|
Income Statement
Varonis Systems Inc
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
75
N/A
|
80
+7%
|
86
+9%
|
93
+8%
|
101
+8%
|
107
+6%
|
112
+4%
|
117
+5%
|
127
+9%
|
135
+6%
|
144
+7%
|
154
+7%
|
166
+8%
|
175
+5%
|
186
+6%
|
198
+7%
|
215
+9%
|
229
+6%
|
242
+6%
|
256
+6%
|
270
+6%
|
273
+1%
|
271
-1%
|
269
-1%
|
254
-6%
|
252
-1%
|
259
+3%
|
270
+4%
|
293
+8%
|
313
+7%
|
335
+7%
|
359
+7%
|
390
+9%
|
412
+6%
|
435
+6%
|
458
+5%
|
474
+3%
|
485
+2%
|
489
+1%
|
488
0%
|
499
+2%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(7)
|
(7)
|
(8)
|
(9)
|
(10)
|
(11)
|
(11)
|
(12)
|
(12)
|
(13)
|
(14)
|
(15)
|
(16)
|
(17)
|
(18)
|
(19)
|
(21)
|
(22)
|
(24)
|
(26)
|
(28)
|
(30)
|
(32)
|
(33)
|
(35)
|
(37)
|
(39)
|
(42)
|
(44)
|
(48)
|
(52)
|
(55)
|
(59)
|
(64)
|
(67)
|
(70)
|
(70)
|
(70)
|
(69)
|
(69)
|
(72)
|
|
Gross Profit |
68
N/A
|
72
+6%
|
78
+8%
|
84
+8%
|
91
+9%
|
96
+5%
|
100
+4%
|
106
+5%
|
115
+9%
|
122
+6%
|
131
+7%
|
139
+7%
|
150
+8%
|
158
+5%
|
168
+6%
|
179
+7%
|
195
+9%
|
207
+6%
|
218
+5%
|
230
+6%
|
243
+5%
|
244
+0%
|
239
-2%
|
236
-1%
|
219
-7%
|
215
-2%
|
220
+2%
|
229
+4%
|
248
+9%
|
266
+7%
|
284
+7%
|
304
+7%
|
331
+9%
|
348
+5%
|
367
+6%
|
387
+5%
|
404
+4%
|
415
+3%
|
419
+1%
|
418
0%
|
427
+2%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(74)
|
(82)
|
(91)
|
(100)
|
(109)
|
(117)
|
(123)
|
(128)
|
(134)
|
(140)
|
(148)
|
(156)
|
(162)
|
(171)
|
(181)
|
(192)
|
(208)
|
(224)
|
(240)
|
(256)
|
(272)
|
(279)
|
(287)
|
(293)
|
(295)
|
(302)
|
(305)
|
(314)
|
(327)
|
(346)
|
(370)
|
(392)
|
(429)
|
(461)
|
(489)
|
(516)
|
(525)
|
(531)
|
(538)
|
(540)
|
(545)
|
|
Selling, General & Administrative |
(53)
|
(59)
|
(66)
|
(74)
|
(81)
|
(88)
|
(93)
|
(97)
|
(103)
|
(107)
|
(114)
|
(121)
|
(126)
|
(133)
|
(141)
|
(148)
|
(161)
|
(171)
|
(182)
|
(192)
|
(202)
|
(206)
|
(212)
|
(215)
|
(214)
|
(217)
|
(216)
|
(221)
|
(228)
|
(239)
|
(254)
|
(267)
|
(292)
|
(309)
|
(327)
|
(344)
|
(347)
|
(352)
|
(358)
|
(360)
|
(361)
|
|
Research & Development |
(21)
|
(23)
|
(25)
|
(26)
|
(28)
|
(29)
|
(30)
|
(31)
|
(32)
|
(33)
|
(34)
|
(35)
|
(37)
|
(38)
|
(41)
|
(43)
|
(47)
|
(53)
|
(59)
|
(64)
|
(70)
|
(73)
|
(75)
|
(78)
|
(81)
|
(85)
|
(89)
|
(93)
|
(99)
|
(107)
|
(116)
|
(126)
|
(138)
|
(151)
|
(163)
|
(173)
|
(178)
|
(179)
|
(180)
|
(181)
|
(184)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
|
Operating Income |
(6)
N/A
|
(10)
-67%
|
(13)
-34%
|
(16)
-23%
|
(17)
-8%
|
(21)
-21%
|
(23)
-9%
|
(22)
+3%
|
(19)
+14%
|
(18)
+5%
|
(17)
+5%
|
(17)
+3%
|
(12)
+28%
|
(13)
-9%
|
(14)
-4%
|
(13)
+6%
|
(13)
-5%
|
(17)
-27%
|
(22)
-31%
|
(26)
-17%
|
(29)
-12%
|
(36)
-22%
|
(48)
-36%
|
(58)
-19%
|
(76)
-32%
|
(87)
-14%
|
(85)
+2%
|
(85)
-1%
|
(78)
+8%
|
(80)
-2%
|
(86)
-8%
|
(88)
-2%
|
(99)
-12%
|
(113)
-14%
|
(122)
-8%
|
(129)
-6%
|
(121)
+6%
|
(116)
+4%
|
(118)
-2%
|
(122)
-3%
|
(117)
+4%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(1)
|
(1)
|
(0)
|
(1)
|
(1)
|
(3)
|
(2)
|
(2)
|
(1)
|
0
|
(1)
|
(1)
|
(1)
|
(1)
|
1
|
1
|
1
|
3
|
1
|
1
|
1
|
(0)
|
1
|
0
|
(0)
|
1
|
(1)
|
(3)
|
(7)
|
(10)
|
(12)
|
(13)
|
(12)
|
(10)
|
(4)
|
2
|
11
|
18
|
23
|
29
|
31
|
|
Total Other Income |
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(0)
|
|
Pre-Tax Income |
(7)
N/A
|
(10)
-46%
|
(13)
-28%
|
(17)
-27%
|
(19)
-12%
|
(24)
-25%
|
(25)
-7%
|
(24)
+6%
|
(21)
+13%
|
(18)
+13%
|
(18)
-1%
|
(18)
+3%
|
(13)
+27%
|
(14)
-10%
|
(13)
+7%
|
(12)
+12%
|
(11)
+4%
|
(14)
-27%
|
(21)
-49%
|
(25)
-20%
|
(28)
-12%
|
(36)
-27%
|
(48)
-33%
|
(57)
-21%
|
(76)
-33%
|
(85)
-12%
|
(85)
N/A
|
(88)
-3%
|
(86)
+2%
|
(90)
-4%
|
(98)
-9%
|
(101)
-3%
|
(111)
-10%
|
(123)
-11%
|
(126)
-2%
|
(127)
-1%
|
(111)
+13%
|
(99)
+11%
|
(96)
+3%
|
(93)
+3%
|
(87)
+6%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(0)
|
(0)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(0)
|
(0)
|
(0)
|
(0)
|
(2)
|
(2)
|
(2)
|
(2)
|
(8)
|
(9)
|
(9)
|
(10)
|
(6)
|
(7)
|
(8)
|
(12)
|
(14)
|
(15)
|
(21)
|
(18)
|
(14)
|
|
Income from Continuing Operations |
(8)
|
(11)
|
(14)
|
(18)
|
(19)
|
(24)
|
(26)
|
(24)
|
(21)
|
(19)
|
(19)
|
(19)
|
(14)
|
(16)
|
(15)
|
(14)
|
(14)
|
(17)
|
(24)
|
(28)
|
(29)
|
(36)
|
(48)
|
(58)
|
(79)
|
(88)
|
(87)
|
(90)
|
(94)
|
(98)
|
(107)
|
(111)
|
(117)
|
(130)
|
(133)
|
(139)
|
(125)
|
(114)
|
(116)
|
(111)
|
(101)
|
|
Net Income (Common) |
(8)
N/A
|
(11)
-44%
|
(14)
-28%
|
(18)
-28%
|
(19)
-10%
|
(24)
-24%
|
(26)
-7%
|
(24)
+6%
|
(21)
+12%
|
(19)
+11%
|
(19)
-1%
|
(19)
+3%
|
(14)
+24%
|
(16)
-10%
|
(15)
+5%
|
(14)
+7%
|
(14)
-1%
|
(17)
-25%
|
(24)
-41%
|
(28)
-17%
|
(29)
-1%
|
(36)
-26%
|
(48)
-33%
|
(58)
-20%
|
(79)
-37%
|
(88)
-11%
|
(87)
+0%
|
(90)
-3%
|
(94)
-5%
|
(98)
-4%
|
(107)
-9%
|
(111)
-4%
|
(117)
-5%
|
(130)
-11%
|
(133)
-3%
|
(139)
-4%
|
(125)
+10%
|
(114)
+8%
|
(116)
-2%
|
(111)
+5%
|
(101)
+9%
|
|
EPS (Diluted) |
-0.11
N/A
|
-0.32
-191%
|
-0.18
+44%
|
-0.23
-28%
|
-0.3
-30%
|
-0.32
-7%
|
-0.34
-6%
|
-0.31
+9%
|
-0.28
+10%
|
-0.24
+14%
|
-0.24
N/A
|
-0.24
N/A
|
-0.18
+25%
|
-0.19
-6%
|
-0.18
+5%
|
-0.16
+11%
|
-0.17
-6%
|
-0.21
-24%
|
-0.29
-38%
|
-0.33
-14%
|
-0.33
N/A
|
-0.41
-24%
|
-0.53
-29%
|
-0.64
-21%
|
-0.87
-36%
|
-0.96
-10%
|
-0.92
+4%
|
-0.96
-4%
|
-1
-4%
|
-0.98
+2%
|
-1
-2%
|
-1.03
-3%
|
-1.11
-8%
|
-1.21
-9%
|
-1.23
-2%
|
-1.27
-3%
|
-1.14
+10%
|
-1.04
+9%
|
-1.06
-2%
|
-1.01
+5%
|
-0.92
+9%
|