$VRNT
VERINT SYSTEMS INC

2022 Q2 Form 10-Q Financial Statement

#000116638822000091 Filed on June 07, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2022 Q1 2021 Q3
Revenue $217.9M $234.2M $214.6M
YoY Change 8.46% 4.04% 5.16%
Cost Of Revenue $76.74M $81.58M $72.57M
YoY Change 6.08% -27.16% 8.47%
Gross Profit $141.2M $152.6M $142.1M
YoY Change 9.81% 2.27% 3.55%
Gross Profit Margin 64.79% 65.16% 66.19%
Selling, General & Admin $102.9M $107.0M $91.38M
YoY Change 17.38% -25.22% 17.54%
% of Gross Profit 72.88% 70.13% 64.33%
Research & Development $30.95M $31.32M $31.79M
YoY Change 6.17% -51.66% 5.45%
% of Gross Profit 21.92% 20.53% 22.38%
Depreciation & Amortization $18.05M $18.54M $18.62M
YoY Change -5.25% -31.08% -21.76%
% of Gross Profit 12.78% 12.15% 13.11%
Operating Expenses $140.7M $145.4M $130.5M
YoY Change 13.33% -32.25% 12.89%
Operating Profit $498.0K $7.196M $11.54M
YoY Change -88.79% -111.0% -46.52%
Interest Expense $1.501M -$1.472M $2.199M
YoY Change -70.09% -80.11% -78.28%
% of Operating Profit 301.41% -20.46% 19.06%
Other Income/Expense, Net $372.0K $1.391M -$2.020M
YoY Change -110.88% -104.12% -91.06%
Pretax Income $900.0K $6.115M $9.517M
YoY Change -10.0% -123.93% -1028.49%
Income Tax $300.0K $10.38M $4.200M
% Of Pretax Income 33.33% 169.66% 44.13%
Net Earnings $286.0K -$4.623M $5.000M
YoY Change -64.21% -76.79% -41.13%
Net Earnings / Revenue 0.13% -1.97% 2.33%
Basic Earnings Per Share -$0.08 -$0.15 $0.00
Diluted Earnings Per Share -$0.08 -$0.15 $0.00
COMMON SHARES
Basic Shares Outstanding 64.95M shares 64.71M shares 65.19M shares
Diluted Shares Outstanding 64.95M shares 65.19M shares

Balance Sheet

Concept 2022 Q2 2022 Q1 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $285.8M $359.6M $321.1M
YoY Change -20.63% -49.7% -60.53%
Cash & Equivalents $285.0M $358.8M $320.4M
Short-Term Investments $745.0K $765.0K $666.0K
Other Short-Term Assets $56.43M $31.11M $57.64M
YoY Change -87.35% 57.99% -46.87%
Inventory $5.225M $5.337M $5.425M
Prepaid Expenses $22.64M
Receivables $149.8M $193.8M $150.2M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $535.2M $655.2M $572.5M
YoY Change -46.4% -48.72% -56.39%
LONG-TERM ASSETS
Property, Plant & Equipment $94.30M $99.52M $67.72M
YoY Change 36.53% 44.05% -40.28%
Goodwill $1.327B $1.353B $1.336B
YoY Change -0.18% 1.96% -9.02%
Intangibles $104.8M $118.3M $123.5M
YoY Change -20.77% -17.73% -28.28%
Long-Term Investments $5.100M
YoY Change
Other Assets $139.3M $134.7M $130.1M
YoY Change 17.82% 38.58% -8.43%
Total Long-Term Assets $1.666B $1.706B $1.706B
YoY Change -2.17% -14.0% -14.3%
TOTAL ASSETS
Total Short-Term Assets $535.2M $655.2M $572.5M
Total Long-Term Assets $1.666B $1.706B $1.706B
Total Assets $2.201B $2.361B $2.278B
YoY Change -18.52% -27.6% -31.03%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $35.48M $39.50M $31.52M
YoY Change -0.88% 11.39% -54.74%
Accrued Expenses $146.3M $168.7M $132.1M
YoY Change -5.35% -20.25% -47.01%
Deferred Revenue $258.1M $271.3M $228.0M
YoY Change 5.38% 3.92% -33.1%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% -100.0%
Total Short-Term Liabilities $439.9M $479.5M $391.6M
YoY Change -46.5% -58.79% -62.34%
LONG-TERM LIABILITIES
Long-Term Debt $407.4M $407.0M $405.9M
YoY Change 0.44% 1.04% -32.79%
Other Long-Term Liabilities $37.19M $39.46M $36.23M
YoY Change -4.01% -7.64% -64.29%
Total Long-Term Liabilities $444.6M $446.4M $442.1M
YoY Change 0.05% 0.2% -37.32%
TOTAL LIABILITIES
Total Short-Term Liabilities $439.9M $479.5M $391.6M
Total Long-Term Liabilities $444.6M $446.4M $442.1M
Total Liabilities $929.3M $970.2M $897.0M
YoY Change -30.41% -45.29% -51.94%
SHAREHOLDERS EQUITY
Retained Earnings -$54.22M -$54.51M -$63.12M
YoY Change -20.4% -52.1% -39.33%
Common Stock $67.00K $66.00K $70.00K
YoY Change -4.29% -5.71% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $105.7M $0.00 $234.5M
YoY Change -54.83% -100.0% 12.69%
Treasury Stock Shares 2.000M shares 0.000 shares 4.990M shares
Shareholders Equity $832.8M $952.2M $942.0M
YoY Change
Total Liabilities & Shareholders Equity $2.201B $2.361B $2.278B
YoY Change -18.52% -27.6% -31.03%

Cashflow Statement

Concept 2022 Q2 2022 Q1 2021 Q3
OPERATING ACTIVITIES
Net Income $286.0K -$4.623M $5.000M
YoY Change -64.21% -76.79% -41.13%
Depreciation, Depletion And Amortization $18.05M $18.54M $18.62M
YoY Change -5.25% -31.08% -21.76%
Cash From Operating Activities $53.93M $64.41M -$15.14M
YoY Change 81.56% -32.91% -124.95%
INVESTING ACTIVITIES
Capital Expenditures $5.224M -$6.982M -$4.937M
YoY Change 19.57% -36.53% -52.07%
Acquisitions $50.20M
YoY Change
Other Investing Activities $20.00K $222.0K -$6.946M
YoY Change -99.96% -99.7% -89.71%
Cash From Investing Activities -$7.207M -$6.760M -$11.88M
YoY Change -118.35% -110.65% -84.73%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $105.2M
YoY Change 40.26%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$118.0M -5.875M -401.9M
YoY Change 488.5% -18.4% -337.5%
NET CHANGE
Cash From Operating Activities $53.93M 64.41M -15.14M
Cash From Investing Activities -$7.207M -6.760M -11.88M
Cash From Financing Activities -$118.0M -5.875M -401.9M
Net Change In Cash -$73.74M 51.77M -428.9M
YoY Change -250.07% -66.01% -381.97%
FREE CASH FLOW
Cash From Operating Activities $53.93M $64.41M -$15.14M
Capital Expenditures $5.224M -$6.982M -$4.937M
Free Cash Flow $48.70M $71.39M -$10.21M
YoY Change 92.25% -33.28% -114.37%

Facts In Submission

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CY2021Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
2608000 USD
CY2022Q2 vrnt Other Comprehensive Income Loss Distribution Related To Spin Off
OtherComprehensiveIncomeLossDistributionRelatedToSpinOff
0 USD
CY2021Q2 vrnt Other Comprehensive Income Loss Distribution Related To Spin Off
OtherComprehensiveIncomeLossDistributionRelatedToSpinOff
17123000 USD
CY2022Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax
-188000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax
-66000 USD
CY2022Q2 vrnt Other Comprehensive Income Loss Change From Derivative Prior To Dedesignation As Hedges
OtherComprehensiveIncomeLossChangeFromDerivativePriorToDedesignationAsHedges
0 USD
CY2021Q2 vrnt Other Comprehensive Income Loss Change From Derivative Prior To Dedesignation As Hedges
OtherComprehensiveIncomeLossChangeFromDerivativePriorToDedesignationAsHedges
1014000 USD
CY2022Q2 vrnt Other Comprehensive Income Loss Settlement Of Derivative
OtherComprehensiveIncomeLossSettlementOfDerivative
0 USD
CY2021Q2 vrnt Other Comprehensive Income Loss Settlement Of Derivative
OtherComprehensiveIncomeLossSettlementOfDerivative
12017000 USD
CY2022Q2 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
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CY2021Q2 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-11000 USD
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
32707000 USD
CY2022Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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-29471000 USD
CY2021Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
33801000 USD
CY2022Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
288000 USD
CY2021Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
295000 USD
CY2022Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-29759000 USD
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
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33506000 USD
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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954579000 USD
CY2022Q2 us-gaap Profit Loss
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574000 USD
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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16011000 USD
CY2022Q2 us-gaap Stock Issued During Period Value Share Based Compensation
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0 USD
CY2022Q2 us-gaap Treasury Stock Value Acquired Cost Method
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105666000 USD
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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835453000 USD
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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1282564000 USD
CY2021Q2 us-gaap Profit Loss
ProfitLoss
1094000 USD
CY2021Q2 vrnt Other Comprehensive Income Loss Net Of Tax Excluding Distribution Related To Spin Off
OtherComprehensiveIncomeLossNetOfTaxExcludingDistributionRelatedToSpinOff
15584000 USD
CY2021Q2 us-gaap Stockholders Equity Note Spinoff Transaction
StockholdersEquityNoteSpinoffTransaction
-277412000 USD
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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14253000 USD
CY2021Q2 us-gaap Stock Issued During Period Value Share Based Compensation
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0 USD
CY2021Q2 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
49581000 USD
CY2021Q2 us-gaap Treasury Stock Value Acquired Cost Method
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25868000 USD
CY2021Q2 vrnt Adjustments To Additional Paid In Capital Purchases Of Capped Calls Net Of Tax
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-32416000 USD
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
929648000 USD
CY2022Q2 us-gaap Profit Loss
ProfitLoss
574000 USD
CY2021Q2 us-gaap Profit Loss
ProfitLoss
1094000 USD
CY2022Q2 us-gaap Depreciation Depletion And Amortization
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18048000 USD
CY2021Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
19049000 USD
CY2022Q2 us-gaap Share Based Compensation
ShareBasedCompensation
18364000 USD
CY2021Q2 us-gaap Share Based Compensation
ShareBasedCompensation
16405000 USD
CY2022Q2 vrnt Change In Fair Value Of Future Tranche Right
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0 USD
CY2021Q2 vrnt Change In Fair Value Of Future Tranche Right
ChangeInFairValueOfFutureTrancheRight
-15810000 USD
CY2022Q2 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
0 USD
CY2021Q2 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-14374000 USD
CY2022Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2021Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-2474000 USD
CY2022Q2 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-2163000 USD
CY2021Q2 us-gaap Other Noncash Income Expense
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2317000 USD
CY2022Q2 us-gaap Increase Decrease In Accounts Receivable
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-41766000 USD
CY2021Q2 us-gaap Increase Decrease In Accounts Receivable
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-58026000 USD
CY2022Q2 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
-4024000 USD
CY2021Q2 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
2184000 USD
CY2022Q2 us-gaap Increase Decrease In Inventories
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-68000 USD
CY2021Q2 us-gaap Increase Decrease In Inventories
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350000 USD
CY2022Q2 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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8686000 USD
CY2021Q2 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
18781000 USD
CY2022Q2 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-5694000 USD
CY2021Q2 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1510000 USD
CY2022Q2 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-9645000 USD
CY2021Q2 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-15524000 USD
CY2022Q2 us-gaap Increase Decrease In Deferred Income Taxes
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1074000 USD
CY2021Q2 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
16977000 USD
CY2022Q2 us-gaap Increase Decrease In Other Operating Capital Net
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5982000 USD
CY2021Q2 us-gaap Increase Decrease In Other Operating Capital Net
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260000 USD
CY2022Q2 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
53926000 USD
CY2021Q2 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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37709000 USD
CY2022Q2 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
0 USD
CY2021Q2 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
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-8007000 USD
CY2022Q2 us-gaap Net Cash Provided By Used In Operating Activities
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53926000 USD
CY2021Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
29702000 USD
CY2022Q2 us-gaap Payments To Acquire Property Plant And Equipment
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5224000 USD
CY2021Q2 us-gaap Payments To Acquire Property Plant And Equipment
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4369000 USD
CY2022Q2 us-gaap Proceeds From Sale Maturity And Collections Of Investments
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250000 USD
CY2021Q2 us-gaap Proceeds From Sale Maturity And Collections Of Investments
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45640000 USD
CY2022Q2 us-gaap Payments To Acquire Investments
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250000 USD
CY2021Q2 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
0 USD
CY2022Q2 us-gaap Payments For Software
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2003000 USD
CY2021Q2 us-gaap Payments For Software
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1966000 USD
CY2022Q2 vrnt Change In Restricted Bank Time Deposits And Other Investing Activities Net
ChangeInRestrictedBankTimeDepositsAndOtherInvestingActivitiesNet
-20000 USD
CY2021Q2 vrnt Change In Restricted Bank Time Deposits And Other Investing Activities Net
ChangeInRestrictedBankTimeDepositsAndOtherInvestingActivitiesNet
32000 USD
CY2022Q2 us-gaap Net Cash Provided By Used In Investing Activities
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CY2021Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
39273000 USD
CY2022Q2 us-gaap Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
0 USD
CY2021Q2 us-gaap Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
200000000 USD
CY2022Q2 us-gaap Proceeds From Issuance Of Long Term Debt And Capital Securities Net
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0 USD
CY2021Q2 us-gaap Proceeds From Issuance Of Long Term Debt And Capital Securities Net
ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet
315000000 USD
CY2022Q2 us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
775000 USD
CY2021Q2 us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
310633000 USD
CY2022Q2 vrnt Payments To Purchase Capped Calls
PaymentsToPurchaseCappedCalls
0 USD
CY2021Q2 vrnt Payments To Purchase Capped Calls
PaymentsToPurchaseCappedCalls
40950000 USD
CY2022Q2 us-gaap Payments Of Debt Issuance Costs
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93000 USD
CY2021Q2 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
9422000 USD
CY2022Q2 us-gaap Payments For Repurchase Of Common Stock
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105213000 USD
CY2021Q2 us-gaap Payments For Repurchase Of Common Stock
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75014000 USD
CY2022Q2 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
10400000 USD
CY2021Q2 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
5200000 USD
CY2022Q2 us-gaap Payments For Derivative Instrument Financing Activities
PaymentsForDerivativeInstrumentFinancingActivities
0 USD
CY2021Q2 us-gaap Payments For Derivative Instrument Financing Activities
PaymentsForDerivativeInstrumentFinancingActivities
16502000 USD
CY2022Q2 vrnt Cash Transferred Out Related To Spin Off
CashTransferredOutRelatedToSpinOff
0 USD
CY2021Q2 vrnt Cash Transferred Out Related To Spin Off
CashTransferredOutRelatedToSpinOff
114657000 USD
CY2022Q2 vrnt Proceeds From Dividend And Other Settlement Related To Spin Off
ProceedsFromDividendAndOtherSettlementRelatedToSpinOff
0 USD
CY2021Q2 vrnt Proceeds From Dividend And Other Settlement Related To Spin Off
ProceedsFromDividendAndOtherSettlementRelatedToSpinOff
40164000 USD
CY2022Q2 vrnt Business Combination Contingent Consideration Arrangements Payment Of Contingent Consideration Financing
BusinessCombinationContingentConsiderationArrangementsPaymentOfContingentConsiderationFinancing
1549000 USD
CY2021Q2 vrnt Business Combination Contingent Consideration Arrangements Payment Of Contingent Consideration Financing
BusinessCombinationContingentConsiderationArrangementsPaymentOfContingentConsiderationFinancing
2842000 USD
CY2022Q2 us-gaap Net Cash Provided By Used In Financing Activities
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-118030000 USD
CY2021Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-20056000 USD
CY2022Q2 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-2431000 USD
CY2021Q2 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
218000 USD
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-73742000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
49137000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
358868000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
700133000 USD
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
285126000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
749270000 USD
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
285046000 USD
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
359418000 USD
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
285126000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
749270000 USD
CY2022Q2 vrnt Percentage Of Fortune100 Companies As Customers
PercentageOfFortune100CompaniesAsCustomers
0.85
CY2022Q2 vrnt Number Of Organizations As Customer
NumberOfOrganizationsAsCustomer
10000 organization
CY2022Q2 vrnt Number Of Countries Customers Located
NumberOfCountriesCustomersLocated
175 country
CY2022Q2 vrnt Number Of Offices
NumberOfOffices
30 office
CY2022Q2 dei Entity Number Of Employees
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4400 professional
CY2021Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2021Q1 vrnt Stockholders Equity Note Spinoff Transaction Number Of Shares Received
StockholdersEquityNoteSpinoffTransactionNumberOfSharesReceived
1 shares
CY2022Q2 us-gaap Use Of Estimates
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<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with GAAP requires our management to make estimates and assumptions, which may affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In light of the currently unknown extent and duration of the COVID-19 pandemic, we face a greater degree of uncertainty than normal in making the judgments and estimates needed to apply to certain of our significant accounting policies. We assessed certain accounting matters that generally require consideration of forecasted financial information in context with the information reasonably available to us and the unknown future impacts of COVID-19 as of April 30, 2022 and through the date of this report. These estimates may change, as new events occur and additional information is obtained. Actual results could differ materially from these estimates under different assumptions or conditions.</span></div>
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
217906000 USD
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
200904000 USD
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AccountsReceivableNetCurrent
149758000 USD
CY2022Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
193831000 USD
CY2022Q2 us-gaap Contract With Customer Asset Net Current
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37993000 USD
CY2022Q1 us-gaap Contract With Customer Asset Net Current
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42688000 USD
CY2022Q2 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
36549000 USD
CY2022Q1 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
30510000 USD
CY2022Q2 us-gaap Contract With Customer Liability Current
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258065000 USD
CY2022Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
271271000 USD
CY2022Q2 us-gaap Contract With Customer Liability Noncurrent
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15704000 USD
CY2022Q1 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
15872000 USD
CY2022Q2 us-gaap Contract With Customer Liability Revenue Recognized
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96900000 USD
CY2021Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
97600000 USD
CY2022Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
433052000 USD
CY2022Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
447428000 USD
CY2022Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
278208000 USD
CY2022Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
274404000 USD
CY2022Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
711260000 USD
CY2022Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
721832000 USD
CY2022Q2 us-gaap Profit Loss
ProfitLoss
574000 USD
CY2021Q2 us-gaap Profit Loss
ProfitLoss
1094000 USD
CY2022Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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288000 USD
CY2021Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
295000 USD
CY2022Q2 us-gaap Net Income Loss
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286000 USD
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
799000 USD
CY2022Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
5200000 USD
CY2021Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
3322000 USD
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-4914000 USD
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2523000 USD
CY2022Q2 us-gaap Dilutive Securities
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0 USD
CY2021Q2 us-gaap Dilutive Securities
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0 USD
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
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-4914000 USD
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-2523000 USD
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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64947000 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65661000 shares
CY2022Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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0 shares
CY2021Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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0 shares
CY2022Q2 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
CY2021Q2 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
CY2022Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
0 shares
CY2021Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
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0 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
64947000 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
65661000 shares
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.08
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.04
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.08
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.04
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
285046000 USD
CY2022Q2 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
285046000 USD
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
358805000 USD
CY2022Q1 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
358805000 USD
CY2022Q2 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
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300000 USD
CY2021Q2 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
45600000 USD
CY2021Q3 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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50200000 USD
CY2022Q2 us-gaap Finite Lived Intangible Assets Gross
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688117000 USD
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
583279000 USD
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
104838000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
705026000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
586772000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
118254000 USD
CY2022Q2 us-gaap Amortization Of Intangible Assets
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10500000 USD
CY2021Q2 us-gaap Amortization Of Intangible Assets
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11700000 USD
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
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CY2022Q1 vrnt Deferred Tax Asset Reclassified Upon Derivative Settlement
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CY2022Q2 vrnt Settlement Of Future Tranche Right Upon Issuance Of Preferred Stock
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CY2021Q2 vrnt Settlement Of Future Tranche Right Upon Issuance Of Preferred Stock
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453000 USD
CY2021Q2 vrnt Accrued But Unpaid Purchase Of Treasury Stock
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0.199
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6900000 USD
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3300000 USD
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1
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CY2021Q2 us-gaap Dividends Common Stock
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CY2021Q2 vrnt Treasury Stock Value Acquired Including Common Stock Repurchased And Retired
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75500000 USD
CY2022Q2 us-gaap Treasury Stock Shares
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CY2022Q2 us-gaap Treasury Stock Value
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CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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900000 USD
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CY2022Q2 us-gaap Unrecognized Tax Benefits
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CY2022Q1 us-gaap Unrecognized Tax Benefits
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CY2022Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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3600000 USD
CY2022Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
3400000 USD
CY2022Q2 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
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400000 USD
CY2022Q2 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
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CY2022Q1 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
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5100000 USD
CY2022Q1 vrnt Equity Securities Without Readily Determinable Fair Value Amount Measured Based On Observable Transaction
EquitySecuritiesWithoutReadilyDeterminableFairValueAmountMeasuredBasedOnObservableTransaction
4400000 USD
CY2021Q2 vrnt Unrealized Gain Loss On Noncontrolling Equity Investment
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3100000 USD
CY2022Q2 us-gaap Equity Securities Without Readily Determinable Fair Value Impairment Loss Annual Amount
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0 USD
CY2021Q2 us-gaap Equity Securities Without Readily Determinable Fair Value Impairment Loss Annual Amount
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0 USD
CY2022Q1 vrnt Deferred Tax Asset Reclassified Upon Derivative Settlement
DeferredTaxAssetReclassifiedUponDerivativeSettlement
3700000 USD
CY2022Q2 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
0 USD
CY2022Q1 us-gaap Derivative Fair Value Of Derivative Asset
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33000 USD
CY2022Q2 us-gaap Derivative Fair Value Of Derivative Liability
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246000 USD
CY2022Q1 us-gaap Derivative Fair Value Of Derivative Liability
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91000 USD
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
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18369000 USD
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
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16401000 USD
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
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48.62
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
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18369000 USD
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
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16401000 USD
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
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CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
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CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
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2950000 shares
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
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35.97
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
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1557000 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
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56.42
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1262000 shares
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3 defendant
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465000 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
42.20
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
827000 shares
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
35.33
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
47000 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
43.13
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
41000 shares
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
35.61
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
3499000 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
49.07
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
3344000 shares
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
40.91
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
300000 shares
CY2022Q2 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
150000000.0 USD

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