VARONIS SYSTEMS INC
For the period ended Dec 31, 2023. Filed Feb 6, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 6, 2024
VRNS$48.96+0.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
(in thousands, except share and per share data)
| Year ended | |||
|---|---|---|---|
| December 31, | |||
| 2023 | 2022 | 2021 | |
| Revenues: | |||
| Subscriptions | $400,907 | $366,144 | $270,832 |
| Maintenance and services | 98,253 | 107,490 | 119,302 |
| Total revenues | 499,160 | 473,634 | 390,134 |
| Cost of revenues | 71,751 | 69,836 | 59,399 |
| Gross profit | 427,409 | 403,798 | 330,735 |
| Operating expenses: | |||
| Research and development | 183,838 | 177,881 | 137,882 |
| Sales and marketing | 277,893 | 275,090 | 230,314 |
| General and administrative | 82,901 | 72,055 | 61,233 |
| Total operating expenses | 544,632 | 525,026 | 429,429 |
| Operating loss | (117,223) | (121,228) | (98,694) |
| Financial income (expense), net | 30,305 | 10,413 | (12,145) |
| Loss before income taxes | (86,918) | (110,815) | (110,839) |
| Income taxes | (13,998) | (13,703) | (6,022) |
| Net loss | $(100,916) | $(124,518) | $(116,861) |
| Net loss per share of common stock, basic and diluted | $(0.92) | $(1.14) | $(1.11) |
| Weighted average number of shares used in computing net loss per share of common stock, basic and diluted | 109,141,894 | 109,281,368 | 105,305,957 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.