VARONIS SYSTEMS, INC. (VRNS)

Technology · Software · Price $43.92
Updated: Aug 30, 2026
Gross Profit (TTM)
$530.3M
Trailing 12 Months
Growth Rate
7.50%
Log-Linear Regression (16Q)
Gross Margin
77.07%
Pricing Power
Revenue
$688.1M
Top Line Sales
Operating Income
$-151.3M
After OpEx

📈 Gross Profit History (16 Quarters)

🧮 VRNS Gross Profit Breakdown

Gross Profit = Revenue - Cost of Revenue
Revenue (Total Sales) $688.1M
Less: Cost of Revenue (COGS) $157.8M
Equals: Gross Profit $530.3M

Understanding Gross Profit

Gross Profit is Revenue minus Cost of Revenue (also called Cost of Goods Sold or COGS). It measures how much a company earns from selling its products before subtracting operating expenses. For VRNS, the trailing twelve month gross profit is $530.3M.

Why Gross Profit Matters

Gross margin (Gross Profit / Revenue) is one of the most important indicators of pricing power and competitive advantage. Companies with high and stable gross margins typically have differentiated products, strong brands, or unique capabilities.

VRNS's gross profit growth rate of 7.50% (based on log-linear regression of 16 quarters) indicates modest positive growth in gross profit.

Gross Margin: The Key Metric

VRNS's gross margin of 77.07% shows what percentage of each sales dollar remains after paying direct production costs. Gross margins above 60% are excellent and often indicate software, pharmaceuticals, luxury goods, or other high-value products.

Gross Profit vs Other Profitability Metrics

Operating Income: $-151.3M →

Gross Profit minus operating expenses (SG&A, R&D). Shows profitability after all operating costs but before interest and taxes.

Net Income: $-141.4M →

The bottom line after all expenses including interest and taxes. The final measure of accounting profit.

Free Cash Flow: $119.2M →

Actual cash generated after capital expenditures. Can differ significantly from gross profit due to working capital and capex.

Revenue: $688.1M →

The top line that gross profit is derived from. Gross margin shows what percentage becomes gross profit.

Summary: VRNS Gross Profit Trend

VARONIS SYSTEMS, INC. (VRNS) has a gross margin of 77.07%, which Zyberno classifies as excellent for a Technology company — above the 55% threshold Zyberno applies to technology businesses where gross margin reflects software economics, IP value, or hardware pricing power. Gross profit grew at 7.50% annually — positive but below the 10% level Zyberno considers strong growth. For complete financial analysis, view the full VRNS stock report on Zyberno.

Frequently Asked Questions

What is VRNS's current gross profit?

VARONIS SYSTEMS, INC.'s trailing twelve month (TTM) gross profit is $530.3M, growing at 7.50% annually — positive but below the 10% level Zyberno considers strong growth.

Is VRNS's gross profit growing?

VARONIS SYSTEMS, INC. (VRNS) has a gross margin of 77.07%, which Zyberno classifies as excellent for a Technology company — above the 55% threshold Zyberno applies to technology businesses where gross margin reflects software economics, IP value, or hardware pricing power. Gross profit grew at 7.50% annually — positive but below the 10% level Zyberno considers strong growth.

What is VRNS's gross margin?

VARONIS SYSTEMS, INC. (VRNS) has a gross margin of 77.07%, which Zyberno classifies as excellent for a Technology company — above the 55% threshold Zyberno applies to technology businesses where gross margin reflects software economics, IP value, or hardware pricing power. Gross profit grew at 7.50% annually — positive but below the 10% level Zyberno considers strong growth.

What is the difference between gross profit and net income?

Gross profit is Revenue minus Cost of Revenue only. Net income also subtracts operating expenses, interest, and taxes. VRNS's gross profit is $530.3M versus net income of $-141.4M.

📊 Valuation Trilogy
Three interconnected metrics built on Owner Earnings
💎
Intrinsic Value
DCF Fair Value
$32.69
🛡️
Margin of Safety
Valuation Gap
-34.3%
🎯
Expected Return
Projected Annual
13.1%
Click any metric for full methodology and detailed analysis

📊 Full VRNS Stock Report

See VRNS's intrinsic value, margin of safety, DCF valuation, and complete financial analysis with 250+ metrics.

💵 VRNS Free Cash Flow

Compare to Free Cash Flow which subtracts all capital expenditures, not just maintenance CapEx.

💰 VRNS Owner Earnings

Compare to Buffett's Owner Earnings metric which uses maintenance CapEx instead of total capital expenditures.

📈 VRNS Earnings Per Share

Analyze EPS trends, P/E ratio, earnings yield, and per-share profitability metrics.

🎯 VRNS Earnings Surprise (SUE)

See whether VRNS is beating or missing its own earnings trend — Standardized Unexpected Earnings and post-earnings drift.

📊 VRNS Revenue

Analyze revenue trends, growth rate, P/S ratio, and top-line sales performance.

💰 VRNS Net Income

Analyze the bottom-line profit, P/E ratio, and net profit margin trends.

🔶 VRNS Operating Income

Analyze EBIT, operating margin, and core business profitability before interest and taxes.

💜 VRNS Gross Profit

Analyze gross margin, pricing power, and profitability before operating expenses.

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