Varonis Systems, Inc. (VRNS) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments110119137114106112
Cash and cash equivalents694957484977
Short-term investments427080655735
Receivables768576544838
Prepaid expense876311
Deferred costs   002
Derivative instruments and hedges, assets  0   
Deposits current assets10     
Other undisclosed current assets4480000
Total current assets:209259219171156153
Noncurrent Assets
Operating lease, right-of-use asset55
Property, plant and equipment3617121084
Restricted cash and investments     0
Other noncurrent assets1891100
Other undisclosed noncurrent assets     (0)
Total noncurrent assets:11026131194
TOTAL ASSETS:318285232182165157
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities383528201915
Accounts payable131133
Accrued liabilities141310764
Employee-related liabilities23201812108
Deferred revenue96
Debt811110
Deferred rent credit 0
Derivative instruments and hedges, liabilities04 00 
Deferred revenue and credits75594634
Other undisclosed current liabilities1610613865
Total current liabilities:160146117887153
Noncurrent Liabilities
Long-term debt and lease obligation57     
Operating lease, liability57
Liabilities, other than long-term debt8714111012
Deferred revenue and credits7437
Deferred revenue5
Deferred rent credit 0
Liability, pension and other postretirement and postemployment benefits   221
Other liabilities377664
Other undisclosed noncurrent liabilities 6   (4)
Total noncurrent liabilities:65131411109
Total liabilities:225160131998262
Stockholders' equity
Stockholders' equity attributable to parent94125102838495
Common stock000000
Additional paid in capital311267224189172162
Accumulated other comprehensive income (loss)(0)(4)0(0)(0)(0)
Accumulated deficit(217)(138)(122)(106)(88)(67)
Total stockholders' equity:94125102838495
TOTAL LIABILITIES AND EQUITY:318285232182165157

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues254270217164127101
Revenue, net217164127101
Cost of revenue(35)(28)(21)(16)(12)(10)
Gross profit:21924319614911591
Operating expenses(295)(272)(210)(164)(134)(109)
Operating loss:(76)(29)(14)(16)(19)(17)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(0)12(1)(2)(2)
Interest and debt expense     (0)
Loss from continuing operations before equity method investments, income taxes:(76)(28)(11)(17)(21)(19)
Other undisclosed income from continuing operations before income taxes     0
Loss from continuing operations before income taxes:(76)(28)(11)(17)(21)(19)
Income tax expense(2)(0)(2)(1)(1)(0)
Net loss available to common stockholders, diluted:(79)(29)(14)(18)(21)(19)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net loss:(79)(29)(14)(18)(21)(19)
Other comprehensive loss    (0)(0)
Comprehensive loss:(79)(29)(14)(18)(21)(20)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent3(4)1(0)  
Comprehensive loss, net of tax, attributable to parent:(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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