Varonis Systems (VRNS) revenue breakdown
By product, SaaS is the largest at 74% of fiscal 2025 revenue, growing 491% a year over 3 years.
By region, United States is the largest at 71% of fiscal 2025 revenue; Rest of the World grew fastest, 25% a year over 9 years.
Revenue by product
Fiscal years, as Varonis Systems reports them in its 10-K filings; fiscal 2025 total $624M.
| Products | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SaaS | — | — | — | — | — | — | $2M | $44M | $209M | $463M | 74% |
| Term license subscriptions | — | $3M | $9M | $77M | $163M | $271M | $364M | $356M | $254M | $110M | 18% |
| Maintenance and services | $73M | $94M | $122M | $135M | $130M | $119M | $107M | $98M | $88M | $51M | 8% |
| Perpetual licenses | $93M | $119M | $140M | $42M | — | — | — | — | — | — | — |
Revenue by region
Fiscal years, as Varonis Systems reports them in its 10-K filings; fiscal 2025 total $624M.
| Regions | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| United States | — | — | — | — | — | — | $337M | $358M | $401M | $440M | 71% |
| EMEA | $53M | $69M | $94M | $70M | $77M | $102M | $108M | $110M | $114M | $134M | 21% |
| Rest of the World | $7M | $7M | $9M | $9M | $8M | $9M | $29M | $31M | $36M | $49M | 8% |
| North America | $106M | $140M | $167M | $175M | $207M | $279M | — | — | — | — | — |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for VRNS.
Open VRNS in InvestinglyQuestions
Where does Varonis Systems make its money?
In fiscal 2025, by product: SaaS $463M, Term license subscriptions $110M, Maintenance and services $51M.
From Varonis Systems's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.