VARONIS SYSTEMS INC
For the period ended Dec 31, 2024. Filed Feb 6, 2025.
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FY2024 · Filed Feb 6, 2025
VRNS$48.96+0.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
(in thousands, except share and per share data)
| Year ended | |||
|---|---|---|---|
| December 31, | |||
| 2024 | 2023 | 2022 | |
| Revenues: | |||
| Term license subscriptions | $254,241 | $356,490 | $363,898 |
| SaaS | 208,781 | 44,417 | 2,246 |
| Maintenance and services | 87,928 | 98,253 | 107,490 |
| Total revenues | 550,950 | 499,160 | 473,634 |
| Cost of revenues | 93,847 | 71,751 | 69,836 |
| Gross profit | 457,103 | 427,409 | 403,798 |
| Operating expenses: | |||
| Research and development | 196,765 | 183,838 | 177,881 |
| Sales and marketing | 288,769 | 277,893 | 275,090 |
| General and administrative | 89,220 | 82,901 | 72,055 |
| Total operating expenses | 574,754 | 544,632 | 525,026 |
| Operating loss | (117,651) | (117,223) | (121,228) |
| Financial income, net | 34,644 | 30,305 | 10,413 |
| Loss before income taxes | (83,007) | (86,918) | (110,815) |
| Income taxes | (12,758) | (13,998) | (13,703) |
| Net loss | $(95,765) | $(100,916) | $(124,518) |
| Net loss per share of common stock, basic and diluted | $(0.86) | $(0.92) | $(1.14) |
| Weighted average number of shares used in computing net loss per share of common stock, basic and diluted | 111,660,541 | 109,141,894 | 109,281,368 |
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