Varonis Systems (VRNS) Revenue & Revenue Breakdown

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Varonis Systems Revenue Highlights

Latest Revenue (Y)

$550.95M

Latest Revenue (Q)

$158.51M

Main Segment (Y)

Subscription and Circulation

Main Geography (Y)

UNITED STATES

Varonis Systems Revenue by Period

Varonis Systems Revenue by Year

Date	Revenue	Change
2024-12-31	$550.95M	10.38%
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 $550.95M in revenue during NA 2024, up 10.38% compared to the previous quarter, and up 216.75% compared to the same period a year ago.

Varonis Systems Revenue by Quarter

Date	Revenue	Change
2024-12-31	$158.51M	7.05%
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 $158.51M in revenue during Q4 2024, up 7.05% compared to the previous quarter, and up 129.60% 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 24	Dec 23	Dec 22	Dec 21	Dec 20
Subscription and Circulation	$254.24M	$400.91M	$366.14M	$268.94M	$161.19M
Maintenance	$87.93M	$98.25M	$107.49M	$119.30M	$130.03M
Software as a Service	$208.78M	-	-	-	-
License	-	-	-	$1.89M	$1.47M

Varonis Systems's latest annual revenue breakdown by segment (product or service), as of Dec 24: Subscription and Circulation (46.15%), Software as a Service (37.89%), and Maintenance (15.96%).

Quarterly Revenue by Product

Product/Service	Mar 25	Dec 24	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
Software as a Service	$88.56M	$72.21M	$57.80M	$44.78M	$33.98M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Subscription and Circulation	$31.49M	$66.78M	$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
Maintenance	$16.38M	$19.53M	$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
License	-	-	-	-	-	-	-	-	-	-	-	-	-	$940.00K	$324.00K	$340.00K	$286.00K	$472.00K	$373.00K	$240.00K

Varonis Systems's latest quarterly revenue breakdown by segment (product or service), as of Mar 25: Software as a Service (64.92%), Subscription and Circulation (23.08%), and Maintenance (12.00%).

Varonis Systems Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 24	Dec 23	Dec 22	Dec 21	Dec 20
Rest of World	$35.82M	$15.77M	$13.49M	$9.34M	$8.11M
UNITED STATES	$400.78M	-	-	-	-
EMEA	$114.36M	$109.59M	$107.85M	$101.69M	$77.09M
North America	-	$373.81M	$352.30M	$279.10M	$207.49M

Varonis Systems's latest annual revenue breakdown by geography, as of Dec 24: UNITED STATES (72.74%), EMEA (20.76%), and Rest of World (6.50%).

Quarterly Revenue by Country

Country	Mar 25	Dec 24	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
Rest of World	$12.40M	$21.54M	$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
North America	$95.63M	$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	-
EMEA	$28.39M	$33.14M	$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

Varonis Systems's latest quarterly revenue breakdown by geography, as of Mar 25: North America (70.10%), EMEA (20.81%), and Rest of World (9.09%).

Varonis Systems Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
EVTC	EVERTEC	$845.49B	$216.40M
OKTA	Okta	$2.61B	$682.00M
CHKP	Check Point Software	$2.41B	$598.80M
WIX	Wix	$1.56B	$419.78M
CSGS	CSG Systems	$1.20B	$316.65M
RPD	Rapid7	$844.01M	$210.25M
S	SentinelOne	$821.46M	$229.03M
TENB	Tenable	$798.71M	$239.14M
CYBR	CyberArk Software	$751.89M	$221.55M
QLYS	Qualys	$607.57M	$159.19M
VRNS	Varonis Systems	$550.95M	$158.51M
GB	Global Blue Group	$422.30M	$105.24M
CCSI	Consensus Cloud Solutions	$350.38M	$86.98M
CGNT	Cognyte Software	$313.40M	$82.71M
RDWR	Radware	$261.29M	$65.08M

VRNS Revenue FAQ

What is Varonis Systems’s yearly revenue?

Varonis Systems's yearly revenue for 2024 was $550.95M, representing an increase of 10.38% compared to 2023. The company's yearly revenue for 2023 was $499.16M, representing an increase of 5.39% compared to 2022. VRNS's yearly revenue for 2022 was $473.63M, representing an increase of 21.40% compared to 2021.

What is Varonis Systems’s quarterly revenue?

Varonis Systems's quarterly revenue for Q4 2024 was $158.51M, a 7.05% increase from the previous quarter (Q3 2024), and a 2.87% increase year-over-year (Q4 2023). The company'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). VRNS'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).

What is Varonis Systems’s revenue growth rate?

Varonis Systems's revenue growth rate for the last 3 years (2022-2024) was 16.32%, and for the last 5 years (2020-2024) was 88.24%.

What are Varonis Systems’s revenue streams?

Varonis Systems's revenue streams in c 24 are Subscription and Circulation, Maintenance, and Software as a Service. Subscription and Circulation generated $254.24M in revenue, accounting 46.15% of the company's total revenue, down -36.58% year-over-year. Maintenance generated $87.93M in revenue, accounting 15.96% of the company's total revenue, down -10.51% year-over-year. Software as a Service generated $208.78M in revenue, accounting 37.89% of the company's total revenue

What is Varonis Systems’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of Varonis Systems was Subscription and Circulation. This segment made a revenue of $254.24M, representing 46.15% of the company's total revenue.