Varonis Systems (VRNS) Revenue & Revenue Breakdown
Varonis Systems Revenue Highlights
Latest Revenue (Y)
$499.16M
Latest Revenue (Q)
$130.35M
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 |
|---|---|---|
| 2024-06-30 | $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 $130.35M in revenue during Q2 2024, up 14.32% compared to the previous quarter, and up 121.44% 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 |
|---|---|---|---|---|---|
| Subscription and Circulation | $400.91M | $366.14M | $268.94M | $161.19M | $76.73M |
| Maintenance | $98.25M | $107.49M | $119.30M | $130.03M | $135.37M |
| 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 | 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 | Sep 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Subscription and Circulation | $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 | $23.33M |
| Maintenance | $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 | $34.05M |
| Software as a Service | $44.78M | $33.98M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| License | - | - | - | - | - | - | - | - | - | - | $940.00K | $324.00K | $340.00K | $286.00K | $472.00K | $373.00K | $240.00K | $388.00K | $6.79M | $8.27M |
Varonis Systems's latest quarterly revenue breakdown by segment (product or service), as of Jun 24: Subscription and Circulation (48.12%), Software as a Service (34.36%), and Maintenance (17.52%).
Varonis Systems Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Rest of World | $15.77M | $13.49M | $9.34M | $8.11M | $9.38M |
| EMEA | $109.59M | $107.85M | $101.69M | $77.09M | $70.21M |
| North America | $373.81M | $352.30M | $279.10M | $207.49M | $174.61M |
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 | 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 | Sep 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | $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 | $47.41M |
| Rest of World | $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 | $1.52M |
| EMEA | $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 | $16.72M |
Varonis Systems's latest quarterly revenue breakdown by geography, as of Jun 24: North America (73.32%), EMEA (22.30%), and Rest of World (4.38%).
Varonis Systems Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| EVTC | EVERTEC | $694.71B | $211.98B |
| CHKP | Check Point Software | $2.41B | $598.80M |
| WIX | Wix | $1.56B | $419.78M |
| CSGS | CSG Systems | $1.17B | $295.13M |
| NEWR | New Relic | $925.63M | $242.76M |
| TENB | Tenable | $798.71M | $221.24M |
| RPD | Rapid7 | $777.71M | $205.10M |
| CYBR | CyberArk Software | $751.89M | $221.55M |
| S | SentinelOne | $621.15M | $198.94M |
| QLYS | Qualys | $554.46M | $148.71M |
| VRNS | Varonis Systems | $499.16M | $130.35M |
| GB | Global Blue Group | $422.30M | $105.24M |
| CCSI | Consensus Cloud Solutions | $362.56M | $87.50M |
| 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 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). The company'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). VRNS's quarterly revenue for Q4 2023 was $154.1M, a 25.99% increase from the previous quarter (Q3 2023), and a 8.05% increase year-over-year (Q4 2022).
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 Subscription and Circulation, and Maintenance. Subscription and Circulation generated $400.91M in revenue, accounting 80.32% of the company's total revenue, up 9.49% year-over-year. Maintenance generated $98.25M in revenue, accounting 19.68% of the company's total revenue, down -8.59% 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.