Varonis Systems, Inc. (VRNS) financial statements (2021 and earlier)

Company profile

Business Address 1250 BROADWAY, 31ST FLOOR
NEW YORK, NY 10001
State of Incorp. DE
Fiscal Year End December 31
SIC 7372 - Prepackaged Software (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments268110119137114106112
Cash and cash equivalents234694957484977
Short-term investments34427080655735
Receivables96768576544838
Prepaid expense8876311
Deferred costs    002
Derivative instruments and hedges, assets3  0   
Deposits current assets3010     
Other undisclosed current assets154480000
Total current assets:420209259219171156153
Noncurrent Assets
Operating lease, right-of-use asset4855
Property, plant and equipment373617121084
Intangible assets, net (including goodwill)29      
Goodwill23      
Intangible assets, net (excluding goodwill)6      
Restricted cash and investments      0
Other noncurrent assets221891100
Other undisclosed noncurrent assets      (0)
Total noncurrent assets:13611026131194
TOTAL ASSETS:555318285232182165157
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities47383528201915
Accounts payable1131133
Accrued liabilities13141310764
Employee-related liabilities3323201812108
Deferred revenue9996
Debt 811110
Deferred rent credit  0
Derivative instruments and hedges, liabilities 04 00 
Deferred revenue and credits75594634
Other undisclosed current liabilities371610613865
Total current liabilities:183160146117887153
Noncurrent Liabilities
Long-term debt and lease obligation27357     
Long-term debt, excluding current maturities218      
Operating lease, liability5557
Liabilities, other than long-term debt68714111012
Deferred revenue and credits7437
Deferred revenue35
Deferred rent credit  0
Liability, pension and other postretirement and postemployment benefits    221
Other liabilities3377664
Other undisclosed noncurrent liabilities  6   (4)
Total noncurrent liabilities:27965131411109
Total liabilities:461225160131998262
Stockholders' equity
Stockholders' equity attributable to parent9494125102838495
Common stock0000000
Additional paid in capital395311267224189172162
Accumulated other comprehensive income (loss)9(0)(4)0(0)(0)(0)
Accumulated deficit(311)(217)(138)(122)(106)(88)(67)
Total stockholders' equity:9494125102838495
TOTAL LIABILITIES AND EQUITY:555318285232182165157

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues293254270217164127101
Revenue, net217164127101
Cost of revenue(44)(35)(28)(21)(16)(12)(10)
Gross profit:24821924319614911591
Operating expenses(327)(295)(272)(210)(164)(134)(109)
Operating loss:(78)(76)(29)(14)(16)(19)(17)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(7)(0)12(1)(2)(2)
Interest and debt expense(2)     (0)
Loss from continuing operations before equity method investments, income taxes:(88)(76)(28)(11)(17)(21)(19)
Other undisclosed income from continuing operations before income taxes2     0
Loss from continuing operations before income taxes:(86)(76)(28)(11)(17)(21)(19)
Income tax expense(8)(2)(0)(2)(1)(1)(0)
Net loss available to common stockholders, diluted:(94)(79)(29)(14)(18)(21)(19)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net loss:(94)(79)(29)(14)(18)(21)(19)
Other comprehensive loss     (0)(0)
Comprehensive loss:(94)(79)(29)(14)(18)(21)(20)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent103(4)1(0)  
Comprehensive loss, net of tax, attributable to parent:(84)(76)(32)(13)(18)(21)(20)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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