Varonis Systems (VRNS) Margins & Profitability 2020-2026

Gross, EBITDA, operating, and net margin trends

Margins

Profit margins across the income statement

Gross Margin: 76.0%
EBITDA Margin: -23.2%
Op. Margin: -25.7%
Net Margin: -21.3%

Op. margin of -25.7% is up 6.4% YoY — cost efficiency is improving. Net margin at -21.3% and gross margin of 76.0% — earnings take a bigger bite when COGS stays lean..

Gross Margin (%)

Revenue left after direct cost of goods sold

EBITDA Margin (%)

Operating profitability independent of capital structure

Operating & Net Margins (%)

How much of each dollar becomes profit