Varonis Systems (VRNS) Revenue & Revenue Breakdown

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Varonis Systems Revenue Highlights

Latest Revenue (Y)

$499.16M

Latest Revenue (Q)

$148.07M

Main Segment (Y)

Subscription and Circulation

Main Geography (Y)

North America

Varonis Systems Revenue by Period

Varonis Systems Revenue by Year

Date	Revenue	Change
2023-12-31	$499.16M	5.39%
2022-12-31	$473.63M	21.40%
2021-12-31	$390.13M	33.29%
2020-12-31	$292.69M	15.15%
2019-12-31	$254.19M	-5.96%
2018-12-31	$270.29M	24.35%
2017-12-31	$217.36M	32.17%
2016-12-31	$164.46M	29.28%
2015-12-31	$127.21M	25.52%
2014-12-31	$101.35M	35.83%
2013-12-31	$74.62M	39.70%
2012-12-31	$53.41M	34.27%
2011-12-31	$39.78M	37.81%
2010-12-31	$28.86M	-93.91%
2001-12-31	$473.63M	-

Varonis Systems generated $499.16M in revenue during NA 2023, up 5.39% compared to the previous quarter, and up 184.68% compared to the same period a year ago.

Varonis Systems Revenue by Quarter

Date	Revenue	Change
2024-09-30	$148.07M	13.60%
2024-06-30	$130.35M	14.32%
2024-03-31	$114.02M	-26.01%
2023-12-31	$154.10M	25.99%
2023-09-30	$122.31M	5.97%
2023-06-30	$115.42M	7.53%
2023-03-31	$107.33M	-24.74%
2022-12-31	$142.62M	15.66%
2022-09-30	$123.31M	10.64%
2022-06-30	$111.45M	15.78%
2022-03-31	$96.26M	-23.95%
2021-12-31	$126.58M	26.13%
2021-09-30	$100.35M	13.50%
2021-06-30	$88.42M	18.23%
2021-03-31	$74.78M	-21.44%
2020-12-31	$95.20M	24.03%
2020-09-30	$76.75M	15.30%
2020-06-30	$66.56M	22.87%
2020-03-31	$54.18M	-25.34%
2019-12-31	$72.56M	10.53%
2019-09-30	$65.65M	10.11%
2019-06-30	$59.62M	5.79%
2019-03-31	$56.36M	-35.60%
2018-12-31	$87.52M	30.52%
2018-09-30	$67.05M	7.82%
2018-06-30	$62.19M	16.18%
2018-03-31	$53.53M	-26.88%
2017-12-31	$73.21M	36.58%
2017-09-30	$53.60M	6.83%
2017-06-30	$50.17M	24.25%
2017-03-31	$40.38M	-25.78%
2016-12-31	$54.41M	32.91%
2016-09-30	$40.94M	5.94%
2016-06-30	$38.64M	26.82%
2016-03-31	$30.47M	-30.49%
2015-12-31	$43.84M	40.34%
2015-09-30	$31.24M	7.16%
2015-06-30	$29.15M	26.82%
2015-03-31	$22.99M	-31.82%
2014-12-31	$33.71M	31.89%
2014-09-30	$25.56M	3.85%
2014-06-30	$24.62M	41.03%
2014-03-31	$17.45M	-32.05%
2013-12-31	$25.69M	38.78%
2013-09-30	$18.51M	3.77%
2013-06-30	$17.84M	41.79%
2013-03-31	$12.58M	-32.21%
2012-12-31	$18.56M	-

Varonis Systems generated $148.07M in revenue during Q3 2024, up 13.60% compared to the previous quarter, and up 128.29% compared to the same period a year ago.

Varonis Systems Revenue Breakdown

Varonis Systems Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Maintenance	$98.25M	$107.49M	$119.30M	$130.03M	$135.37M
Subscription and Circulation	$400.91M	$366.14M	$268.94M	$161.19M	$76.73M
License	-	-	$1.89M	$1.47M	$42.09M

Varonis Systems's latest annual revenue breakdown by segment (product or service), as of Dec 23: Subscription and Circulation (80.32%), and Maintenance (19.68%).

Quarterly Revenue by Product

Product/Service	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19
Software as a Service	$57.80M	$44.78M	$33.98M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Subscription and Circulation	$68.75M	$62.73M	$55.98M	$129.16M	$97.68M	$91.09M	$82.97M	$116.73M	$96.05M	$84.38M	$68.98M	$96.03M	$70.03M	$58.06M	$44.83M	$62.65M	$44.08M	$34.09M	$20.36M	$31.56M
Maintenance	$21.51M	$22.83M	$24.06M	$24.93M	$24.63M	$24.33M	$24.36M	$25.89M	$27.26M	$27.07M	$27.28M	$29.61M	$30.00M	$30.02M	$29.67M	$32.07M	$32.29M	$32.24M	$33.42M	$34.21M
License	-	-	-	-	-	-	-	-	-	-	-	$940.00K	$324.00K	$340.00K	$286.00K	$472.00K	$373.00K	$240.00K	$388.00K	$6.79M

Varonis Systems's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Subscription and Circulation (46.43%), Software as a Service (39.04%), and Maintenance (14.53%).

Varonis Systems Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
North America	$373.81M	$352.30M	$279.10M	$207.49M	$174.61M
EMEA	$109.59M	$107.85M	$101.69M	$77.09M	$70.21M
Rest of World	$15.77M	$13.49M	$9.34M	$8.11M	$9.38M

Varonis Systems's latest annual revenue breakdown by geography, as of Dec 23: North America (74.89%), EMEA (21.95%), and Rest of World (3.16%).

Quarterly Revenue by Country

Country	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19
EMEA	$27.99M	$29.07M	$24.15M	$35.42M	$24.02M	$27.23M	$22.92M	$34.37M	$22.12M	$27.15M	$24.21M	$34.19M	$22.80M	$24.47M	$20.23M	$25.93M	$17.83M	$18.72M	$14.61M	$19.54M
North America	$115.22M	$95.57M	$86.16M	$113.38M	$94.66M	$84.51M	$81.25M	$104.30M	$98.02M	$80.83M	$69.14M	$89.09M	$75.61M	$61.60M	$52.81M	$66.66M	$57.14M	$45.81M	$37.87M	$49.36M
Rest of World	$4.85M	$5.71M	$3.71M	$5.30M	$3.62M	$3.68M	$3.17M	$3.94M	$3.17M	$3.46M	$2.91M	$3.30M	$1.94M	$2.35M	$1.75M	$2.60M	$1.78M	$2.03M	$1.69M	$3.66M

Varonis Systems's latest quarterly revenue breakdown by geography, as of Sep 24: North America (77.82%), EMEA (18.90%), and Rest of World (3.28%).

Varonis Systems Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
EVTC	EVERTEC	$694.71B	$628.67B
CHKP	Check Point Software	$2.41B	$598.80M
WIX	Wix	$1.56B	$419.78M
CSGS	CSG Systems	$1.17B	$295.14M
NEWR	New Relic	$925.63M	$242.76M
TENB	Tenable	$798.71M	$227.09M
RPD	Rapid7	$777.71M	$214.65M
CYBR	CyberArk Software	$751.89M	$221.55M
S	SentinelOne	$621.15M	$198.94M
QLYS	Qualys	$554.46M	$153.87M
VRNS	Varonis Systems	$499.16M	$148.07M
GB	Global Blue Group	$422.30M	$105.24M
CCSI	Consensus Cloud Solutions	$362.56M	$87.75M
CGNT	Cognyte Software	$313.40M	$82.71M
ESMT	EngageSmart	$303.92M	$97.73M
RDWR	Radware	$261.29M	$65.08M
LVOX	LiveVox	$136.03M	$35.35M
OKTA	Okta	$2.26M	$646.00K

VRNS Revenue FAQ

What is Varonis Systems’s yearly revenue?

Varonis Systems's yearly revenue for 2023 was $499.16M, representing an increase of 5.39% compared to 2022. The company's yearly revenue for 2022 was $473.63M, representing an increase of 21.40% compared to 2021. VRNS's yearly revenue for 2021 was $390.13M, representing an increase of 33.29% compared to 2020.

What is Varonis Systems’s quarterly revenue?

Varonis Systems's quarterly revenue for Q3 2024 was $148.07M, a 13.60% increase from the previous quarter (Q2 2024), and a 21.06% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $130.35M, a 14.32% increase from the previous quarter (Q1 2024), and a 12.93% increase year-over-year (Q2 2023). VRNS's quarterly revenue for Q1 2024 was $114.02M, a -26.01% decrease from the previous quarter (Q4 2023), and a 6.23% increase year-over-year (Q1 2023).

What is Varonis Systems’s revenue growth rate?

Varonis Systems's revenue growth rate for the last 3 years (2021-2023) was 27.95%, and for the last 5 years (2019-2023) was 96.37%.

What are Varonis Systems’s revenue streams?

Varonis Systems's revenue streams in c 23 are Maintenance, and Subscription and Circulation. Maintenance generated $98.25M in revenue, accounting 19.68% of the company's total revenue, down -8.59% year-over-year. Subscription and Circulation generated $400.91M in revenue, accounting 80.32% of the company's total revenue, up 9.49% year-over-year.

What is Varonis Systems’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Varonis Systems was Subscription and Circulation. This segment made a revenue of $400.91M, representing 80.32% of the company's total revenue.