Varonis Systems Inc
VRNS Nasdaq· Services-Prepackaged Software
Last close · Oct 27, 2026
$49.11
KIRA · Stoqly’s AI analyst, in plain words
- Varonis Systems Inc had $624M of revenue in fiscal 2025, up 13.2% on the year before. Over five years, revenue changed +16.3% a year on average.
- Its operating margin was −23.5%, down 2.1 pts: of every 100 in sales, about −23 is left after running the business.
- Varonis Systems Inc lost $129M in fiscal 2025.
- Free cash flow was $135M in fiscal 2025, 21.6% of revenue.
- Varonis Systems Inc returned $115M to shareholders in fiscal 2025, 85% of free cash flow. The diluted share count rose 2.5%.
Market cap
$5.6B
P/E
—
Revenue
$624M
Net income
−$129M
Free cash flow
$135M
Operating margin
−23.5%
Varonis Systems Inc in 30 seconds · fiscal 2025
Are sales growing?
+13.2%
Yes. Sales grew 13.2% last year.
Does it make a profit?
−20.7%
No. It lost money last year.
Does profit turn into cash?
21.6%
Yes. 21.6% of sales ends up as free cash.
How healthy are the accounts?
4 / 8
Mixed. It passes 4 of 8 health tests.
How is the share priced?
—
No P/E: it made no profit over the last four quarters.
What Varonis Systems Inc does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 4, 2026
- Legal name
- VARONIS SYSTEMS INC
- CIK
- 0001361113
Varonis Systems Inc · VRNS
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $390M | $474M | $499M | $551M | $624M |
| Revenue growth | 33.3% | 21.4% | 5.4% | 10.4% | 13.2% |
| Gross margin | 84.8% | 85.3% | 85.6% | 83.0% | 78.8% |
| Operating margin | −25.3% | −25.6% | −23.5% | −21.4% | −23.5% |
| Net income | −$117M | −$125M | −$101M | −$95.8M | −$129M |
| Net margin | −30.0% | −26.3% | −20.2% | −17.4% | −20.7% |
| Diluted EPS | −$1.11 | −$1.14 | −$0.92 | −$0.86 | −$1.13 |
| Cash | |||||
| Cash from operations | $7.2M | $11.9M | $59.4M | $115M | $147M |
| Capital expenditure | $10.5M | $11.4M | $5.1M | $6.7M | $12.6M |
| Free cash flow | −$3.3M | $0.5M | $54.3M | $109M | $135M |
| FCF margin | −0.8% | 0.1% | 10.9% | 19.7% | 21.6% |
| Share buybacks | $0.0M | $56.4M | $43.5M | $0.0M | $115M |
| Share count change | 11.6% | 3.8% | −0.1% | 2.3% | 2.5% |
| Debt and strength | |||||
| Cash and short-term investments | $806M | $604M | $484M | $529M | $884M |
| Shareholders' equity | $597M | $502M | $490M | $456M | $599M |
| Current ratio | 4.5x | 4.0x | 2.5x | 1.2x | 2.0x |
| Interest coverage | −31.2x | — | — | — | — |
| Returns and quality | |||||
| Return on equity | −33.8% | −22.7% | −20.4% | −20.3% | −24.5% |
| Return on tangible equity | −20.5% | −26.1% | −21.7% | −22.1% | −29.0% |
| Piotroski F-score | 4 | 4 | 5 | 3 | 4 |
| Altman Z'' | 3.8 | 2.7 | 1.0 | −0.9 | 0.7 |
Insiders bought, 12 months
$1.2M
4 insiders
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Varonis Systems Inc · VRNS
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $49.11 a share, the company is worth $5.6B.
Source: SEC EDGAR XBRL filings (CIK 0001361113). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.