SuperworthVaronis Systems profit margin VRNS
Gross, operating and net profit as a share of revenue over the last twelve months, from 2013.
- Net margin, 12 months
- −20.5%
- Operating margin, 12 months
- −22.0%
- Net margin on a year earlier
- −3.3 pts
- Peer median
- 10.9%
Over the twelve months to Jun 30, 2026, Varonis Systems kept −20.5% of its revenue as net profit, with an operating margin of −22.0% and a gross margin of 77.1%.
Five years earlier its net margin was −31.9%.
The median for 10 infrastructure software stocks of a similar size is 10.9%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | −20.7% | −23.5% | 78.8% |
| FY2024 | −17.4% | −21.4% | 83.0% |
| FY2023 | −20.2% | −23.5% | 85.6% |
| FY2022 | −26.3% | −25.6% | 85.3% |
| FY2021 | −30.0% | −25.3% | 84.8% |
| FY2020 | −32.1% | −26.8% | 84.9% |
| FY2019 | −31.0% | −29.9% | 86.2% |
| FY2018 | −10.6% | −10.8% | 89.8% |
| FY2017 | −6.4% | −6.2% | 90.4% |
| FY2016 | −10.8% | −9.5% | 90.4% |
| FY2015 | −16.7% | −15.0% | 90.6% |
| FY2014 | −19.1% | −17.1% | 90.2% |
| FY2013 | −10.0% | −7.8% | 91.3% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | −20.5% | −3.3 pts | −22.0% | |
| Q1 FY26 | −19.7% | −3.9 pts | −22.3% | |
| Q4 FY25 | −20.7% | −3.4 pts | −23.5% | |
| Q3 FY25 | −18.8% | −3.5 pts | −22.0% | |
| Q2 FY25 | −17.3% | −0.3 pts | −20.4% | |
| Q1 FY25 | −15.9% | +4.5 pts | −19.8% | |
| Q4 FY24 | −17.4% | +2.8 pts | −21.4% | |
| Q3 FY24 | −15.3% | +7.4 pts | −19.3% | |
| Q2 FY24 | −17.0% | +6.9 pts | −21.3% | |
| Q1 FY24 | −20.4% | +3.1 pts | −24.1% | |
| Q4 FY23 | −20.2% | +6.1 pts | −23.5% | |
| Q3 FY23 | −22.7% | +7.6 pts | −25.0% |
Against its peers
Companies in Software - Infrastructure nearest Varonis Systems' size, closest first, today.
| Company | Profit margin |
|---|---|
| VRNSVaronis Systems | −20.5% |
| ACIWACI Worldwide | 12.4% |
| WAYWaystar | 11.2% |
| BOXBox | 10.6% |
| PSNParsons | 2.5% |
| BBBLACKBERRY | 13.1% |
| SAICScience Applications International | 5.1% |
| YOUClear Secure | 14.8% |
| WKWorkiva | 4.9% |
| OTEXOpen Text | 12.3% |
| CCCCCC Intelligent Solutions | 3.8% |
| Peer median | 10.9% |
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Varonis Systems
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.