VARONIS SYSTEMS, INC. (VRNS) Spending and interest coverage
- R&D / revenue · 12 months: Value (m); Formula and calculation Research and development expense / revenue. Period ending 2026-06-30..
- Stock-based compensation / revenue · 12 months: Value (m); Formula and calculation Share-based compensation / revenue. Period ending 2026-06-30..
- Interest coverage · 12 months: Value (m); Formula and calculation Estimated: average term debt × dated USD coupon proxy + average commercial paper × matching-currency disclosed rate at or before period end. Swaps, foreign-exchange, lease interest and amortization are not quantified..
Spending and interest coverage
Overview →Financial period ending 2026-06-30; current quote (m). Amounts retain their stated periods and units.
| Metric | Value | Formula and calculation |
|---|---|---|
| R&D / revenue · 12 months | (m) | Research and development expense / revenue. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Stock-based compensation / revenue · 12 months | (m) | Share-based compensation / revenue. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Interest coverage · 12 months | (m) | Estimated: average term debt × dated USD coupon proxy + average commercial paper × matching-currency disclosed rate at or before period end. Swaps, foreign-exchange, lease interest and amortization are not quantified. Calculation unavailable: missing inputs remain (m). |
Calculation inputs
| Input | Amount with unit | Raw financial data |
|---|---|---|
| Research and development spending | 270.46M USD | Research and Development Expense |
| Revenue | (m) | |
| Stock-based compensation | 132.49M USD | Share-based Payment Arrangement, Noncash Expense |
| Operating income | -151.31M USD | Operating Income (Loss) |
| Interest expense · reported / estimated | (m) | Interest Expense · Estimated expense assumptions |
Latest interest expense basis: (m). Estimated values carry *; expand each history row’s basis for its dated balances and rate assumptions.
Calculated history
Changes compare with the next older row (previous quarter), unless explicitly labeled otherwise. Rolling 12-month growth compares two successive quarter-end rolling totals; it is not year-over-year growth.
| Period ending | Research and development spending (USD) | Revenue (USD) | Stock-based compensation (USD) | Operating income (USD) | Interest expense · reported / estimated (USD) | R&D / revenue | SBC / revenue | Interest coverage | Interest expense basis |
|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | $270.46M | (m) | $132.49M | $-151.31M | (m) | (m) | (m) | (m) | (m) |
| 2026-03-31 | $253.37M | (m) | $131.73M | $-147.23M | (m) | (m) | (m) | (m) | (m) |
| 2025-12-31 | $237.81M | (m) | $130.24M | $-146.51M | (m) | (m) | (m) | (m) | (m) |
| 2025-09-30 | $223.74M | (m) | $130.23M | $-133.80M | (m) | (m) | (m) | (m) | (m) |
| 2025-06-30 | $214.46M | (m) | $130.61M | $-121.51M | (m) | (m) | (m) | (m) | (m) |
| 2025-03-31 | $203.15M | (m) | $126.84M | $-113.78M | (m) | (m) | (m) | (m) | (m) |
| 2024-12-31 | $196.76M | (m) | $126.68M | $-117.65M | (m) | (m) | (m) | (m) | (m) |
| 2024-09-30 | $194.36M | (m) | $125.76M | $-105.34M | (m) | (m) | (m) | (m) | (m) |
| 2024-06-30 | $185.72M | (m) | $126.81M | $-110.85M | (m) | (m) | (m) | (m) | (m) |
| 2024-03-31 | $186.93M | (m) | $136.10M | $-121.74M | (m) | (m) | (m) | (m) | (m) |
| 2023-12-31 | $183.84M | (m) | $139.82M | $-117.22M | (m) | (m) | (m) | (m) | (m) |
| 2023-09-30 | $180.71M | (m) | $142.98M | $-121.97M | (m) | (m) | (m) | (m) | (m) |
| 2023-06-30 | $180.37M | (m) | $144.30M | $-118.41M | (m) | (m) | (m) | (m) | (m) |
| 2023-03-31 | $179.04M | (m) | $142.68M | $-116.26M | (m) | (m) | (m) | (m) | (m) |
| 2022-12-31 | $177.88M | (m) | $142.86M | $-121.23M | (m) | (m) | (m) | (m) | (m) |
| 2022-09-30 | $173.01M | (m) | $146.17M | $-129.07M | (m) | (m) | (m) | (m) | (m) |
| 2022-06-30 | $162.87M | (m) | $136.29M | $-122.04M | (m) | (m) | (m) | (m) | (m) |
| 2022-03-31 | $151.39M | (m) | $124.40M | $-112.70M | (m) | (m) | (m) | (m) | (m) |
| 2021-12-31 | $137.88M | (m) | $109.78M | $-98.69M | (m) | (m) | (m) | (m) | (m) |
| 2021-09-30 | $125.68M | (m) | $91.07M | $-88.06M | (m) | (m) | (m) | (m) | (m) |
| 2021-06-30 | $116.00M | (m) | $85.33M | $-85.96M | (m) | (m) | (m) | (m) | (m) |
| 2021-03-31 | $106.74M | (m) | $77.08M | $-79.82M | (m) | (m) | (m) | (m) | (m) |
| 2020-12-31 | $99.36M | (m) | $68.58M | $-78.42M | (m) | (m) | (m) | (m) | (m) |
| 2020-09-30 | $93.30M | (m) | $60.54M | $-85.22M | (m) | (m) | (m) | (m) | (m) |
| 2020-06-30 | $89.03M | (m) | $52.89M | $-84.74M | (m) | (m) | (m) | (m) | (m) |
| 2020-03-31 | $84.68M | (m) | $50.06M | $-86.66M | (m) | (m) | (m) | (m) | (m) |
| 2019-12-31 | $80.76M | (m) | $46.14M | $-75.99M | (m) | (m) | (m) | (m) | (m) |
| 2019-09-30 | $78.33M | (m) | $45.57M | $-57.48M | (m) | (m) | (m) | (m) | (m) |
| 2019-06-30 | $75.20M | (m) | $42.94M | $-48.34M | (m) | (m) | (m) | (m) | (m) |
| 2019-03-31 | $73.20M | (m) | $36.99M | $-35.64M | (m) | (m) | (m) | (m) | (m) |
| 2018-12-31 | $69.97M | $270.29M | $34.96M | $-29.14M | (m) | 25.89% | 12.93% | (m) | (m) |
| 2018-09-30 | $64.08M | $257.75M | $29.56M | $-26.07M | (m) | 24.86% | 11.47% | (m) | (m) |
| 2018-06-30 | $58.72M | $244.06M | $25.95M | $-22.36M | (m) | 24.06% | 10.63% | (m) | (m) |
| 2018-03-31 | $52.50M | $231.30M | $22.36M | $-17.16M | (m) | 22.70% | 9.67% | (m) | (m) |
| 2017-12-31 | $47.37M | $217.36M | $19.84M | $-13.60M | (m) | 21.79% | 9.13% | (m) | (m) |
| 2017-09-30 | $43.44M | $198.56M | $17.93M | $-15.01M | (m) | 21.88% | 9.03% | (m) | (m) |
| 2017-06-30 | $40.83M | $185.90M | $16.60M | $-15.69M | (m) | 21.96% | 8.93% | (m) | (m) |
| 2017-03-31 | $38.23M | $174.37M | $14.72M | $-15.93M | (m) | 21.93% | 8.44% | (m) | (m) |
| 2016-12-31 | $36.66M | $164.46M | $12.94M | $-15.69M | (m) | 22.29% | 7.87% | (m) | (m) |
| 2016-09-30 | $35.21M | $153.88M | $11.54M | $-16.75M | (m) | 22.88% | 7.50% | (m) | (m) |
| 2016-06-30 | $34.00M | $144.19M | $10.14M | $-17.36M | (m) | 23.58% | 7.04% | (m) | (m) |
| 2016-03-31 | $32.90M | $134.69M | $8.73M | $-18.31M | (m) | 24.42% | 6.48% | (m) | (m) |
| 2015-12-31 | $31.79M | $127.21M | $7.79M | $-19.07M | (m) | 24.99% | 6.13% | (m) | (m) |
| 2015-09-30 | $31.12M | $117.09M | $7.53M | $-22.34M | (m) | 26.58% | 6.43% | (m) | (m) |
| 2015-06-30 | $30.35M | $111.41M | $6.69M | $-22.91M | (m) | 27.24% | 6.00% | (m) | (m) |
| 2015-03-31 | $29.38M | $106.88M | $5.70M | $-20.93M | (m) | 27.49% | 5.34% | (m) | (m) |
| 2014-12-31 | $28.09M | $101.35M | $4.66M | $-17.31M | (m) | 27.71% | 4.60% | (m) | (m) |
| 2014-09-30 | (m) | (m) | $3.50M | (m) | (m) | (m) | (m) | (m) | (m) |
| 2014-06-30 | (m) | (m) | $2.80M | (m) | (m) | (m) | (m) | (m) | (m) |
| 2014-03-31 | (m) | (m) | $2.24M | (m) | (m) | (m) | (m) | (m) | (m) |
| 2013-12-31 | (m) | (m) | $1.79M | (m) | (m) | (m) | (m) | (m) | (m) |
| 2013-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2013-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2013-03-31 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2012-12-31 | $15.03M | $53.41M | $848.00K | $-1.55M | $86.00K | 28.15% | 1.59% | -18.07× | Reported |
(m) means missing inputs. Historical market-based ratios use the saved close on or immediately before period ending and that period’s reported shares; current quotes are not substituted. Five-year projections repeat historical CAGR, not analyst forecasts.
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