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VARONIS SYSTEMS INC

VRNS

$48.73 ▼ -0.09 (-0.17%) at close

15 Visible periods

28 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Poor

Bearish

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Analytical Summary

VARONIS SYSTEMS INC faces fundamental challenges with weakness in Profit Margin (%) and Operating Margin (%). The fundamentals warrant careful consideration of downside risks.

Market Cap $5.6B

Dividend Yield —

Revenue Growth 13.2% ↗

Op. Margin -23.5% ↘

ROIC -27.2% ↗

FCF / Share $1.18 ↗

Trailing P/E —

Price / Book 9.6x

FCF Yield 2.4%

Debt / Equity —

info Valuation on last close. End-of-day price, Nov 5, 2026.

15-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$623.53M

↑ +13.2% —

Net Income Profit after all expenses

$-129.32M

↓ -35.0% —

Operating Margin Operating profit as % of sales

-23.5%

↓ -10.0% 9th

FCF / Share Free cash flow per share

$1.18

↑ +21.2% —

trending_up

Bullish Indicators

No bullish signals detected.

warning

Bearish Risks

Operating Margin (%)Operating Margin (%) is in the bottom quartile
Profit Margin (%)Profit Margin (%) is in the bottom quartile

Health Breakdown

Profitability ↑

Returns ↓

Financial Health ↑

Cash Quality

Financial view

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📈 Is growth accelerating? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗
Revenue Growth YoY (%)	13.2% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+10%)	10.4% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-14%)	5.4% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-55%)	21.4% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+78%)	33.3% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+177%)	15.1% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+26%)	-6.0% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-150%)	25.5% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+112%)	31.0% Excellent → Excellent Stable Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+158%)	29.3% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+144%)	25.5% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+113%)	35.8% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+199%)	39.7% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+231%)	—	—
EPS Growth YoY (%)	-31.4% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	6.5% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	19.3% Good Good Year-over-year change in earnings per share Optimal: > 10%	-2.7% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—	—	—	—	—	—	—	—	—	—	—
Net Income Growth YoY (%)	-35.0% Weak ↓ Weak Declining Year-over-year change in net income	5.1% Fair ↑ Fair Improving Year-over-year change in net income	19.0% Good ↑ Good Improving Year-over-year change in net income	-6.6% Weak ↑ Weak Improving Year-over-year change in net income	-24.3% Weak ↑ Weak Improving Year-over-year change in net income	-19.4% Weak ↑ Weak Improving Year-over-year change in net income	-175.6% Weak ↓ Weak Declining Year-over-year change in net income	-106.4% Weak ↓ Weak Declining Year-over-year change in net income	21.8% Good ↑ Good Improving Year-over-year change in net income	16.8% Good ↑ Good Improving Year-over-year change in net income	-9.7% Weak ↑ Weak Improving Year-over-year change in net income	-159.5% Weak Weak Year-over-year change in net income	-54.3% Weak Weak Year-over-year change in net income	—	—
FCF Growth YoY (%)	21.2% Good ↓ Good Declining Year-over-year change in free cash flow	95.3% Excellent ↓ Excellent Declining Year-over-year change in free cash flow	11349.8% Excellent Excellent Year-over-year change in free cash flow	N/M	81.4% Excellent Excellent Year-over-year change in free cash flow	—	—	—	—	—	—	—	—	—	—
Revenue CAGR 3Y (%)	9.6% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	12.2% Good ↓ Good Declining Compound annual revenue growth over 3 years	19.5% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	23.1% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	13.0% Good ↓ Good Declining Compound annual revenue growth over 3 years	10.8% Good ↓ Good Declining Compound annual revenue growth over 3 years	15.6% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	28.6% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	28.6% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	30.1% Excellent Excellent Compound annual revenue growth over 3 years	33.5% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	16.3% Excellent → Excellent Stable Compound annual revenue growth over 5 years	16.7% Excellent → Excellent Stable Compound annual revenue growth over 5 years	13.1% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	17.1% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	18.9% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	18.1% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	20.2% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	29.4% Excellent Excellent Compound annual revenue growth over 5 years	32.2% Excellent Excellent Compound annual revenue growth over 5 years	—	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗
Operating Margin (%) (%)	-23.5% Weak → Weak Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-217%)	-21.4% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-207%)	-23.5% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-217%)	-25.6% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-228%)	-25.3% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-226%)	-26.8% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-234%)	-29.9% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-249%)	-10.8% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-154%)	-6.2% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-131%)	-9.5% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-148%)	-15.0% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-175%)	-17.1% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-185%)	-7.8% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-139%)	-2.9% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-115%)	—
Effective Tax Rate (%) (%)	-11.2% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-15.4% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-16.1% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-12.4% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-5.4% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-9.4% Excellent → Excellent Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	-3.1% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-1.5% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-25.2% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-6.8% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-3.3% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-2.0% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-5.0% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	-5.4% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—
Profit Margin (%) (%)	-20.7% Weak → Weak Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-238%)	-17.4% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-216%)	-20.2% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-235%)	-26.3% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-275%)	-30.0% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-300%)	-32.1% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-314%)	-31.0% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-307%)	-10.6% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-170%)	-6.4% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-143%)	-10.8% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-172%)	-16.7% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-212%)	-19.1% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-228%)	-10.0% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-167%)	-9.1% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-160%)	—
FCF Margin (%) (%)	21.6% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	19.7% Good ↑ Good Improving Free cash flow as a percentage of revenue Optimal: > 10%	10.9% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	0.1% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-0.8% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-5.5% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-14.2% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	5.2% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	5.1% Caution Caution Free cash flow as a percentage of revenue Optimal: > 10%	2.1% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—	—	—	—	—
FCF / Net Income (x)	-1.04x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-1.13x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-0.54x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-0.00x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.03x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.17x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	0.46x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-0.49x Weak → Weak Stable Free cash flow relative to reported net income Optimal: > 1x	-0.80x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	-0.20x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—	—	—	—	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗
Return on Invested Capital (%)	-27.2% Weak → Weak Stable Return earned on debt + equity capital invested Optimal: > 10%	-29.8% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-27.8% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-27.1% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-17.4% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-91.2% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-83.8% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-23.6% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-14.7% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-20.3% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-23.6% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-18.6% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	14.3% Good Good Return earned on debt + equity capital invested Optimal: > 10%	4.4% Caution Caution Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	-8.2% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-7.1% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-10.6% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-11.6% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-8.9% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-14.1% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-23.9% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-10.2% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-5.5% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-8.6% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-11.5% Weak → Weak Stable Operating profit relative to total assets Optimal: > 10%	-11.0% Weak Weak Operating profit relative to total assets Optimal: > 10%	-12.4% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	-21.6% Weak → Weak Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-217%)	-21.0% Weak → Weak Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-214%)	-20.6% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-211%)	-24.8% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-234%)	-19.6% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-206%)	-99.9% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-640%)	-84.2% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-555%)	-22.8% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-223%)	-12.1% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-165%)	-21.4% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-216%)	-25.5% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-238%)	-20.4% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-210%)	17.4% Good Good Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-6%)	12.9% Fair Fair Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-30%)	—

⚖️ Is the balance sheet risky? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗
Interest Coverage (x)	-18.97x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-36.85x Weak → Weak Stable Operating income divided by interest expense Optimal: > 5x	-36.68x Weak → Weak Stable Operating income divided by interest expense Optimal: > 5x	-38.28x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-31.15x Weak Weak Operating income divided by interest expense Optimal: > 5x	-38.88x Weak Weak Operating income divided by interest expense Optimal: > 5x	—	—	—	—	—	—	—	-18.07x Weak Weak Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$-202.48M	$-185.59M	$-230.74M	$-367.80M	$-805.76M	$-234.09M	$-68.93M	$-48.71M	$-56.69M	$-48.31M	$-49.24M	$-76.59M	$-9.63M	$-14.47M	$-12.98M

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗
Revenue per Share (USD)	$5.45	$4.93	$4.57	$4.33	$3.70	$3.10	—	—	—	—	—	—	—	—	—
Basic EPS, GAAP (USD)	$-1.13	$-0.86	$-0.92	$-1.14	$-1.11	—	—	—	—	—	—	—	—	—	—
Free Cash Flow per Share (USD)	$1.18	$0.97	$0.50	$0.00	$-0.03	$-0.17	—	—	—	—	—	—	—	—	—
Book Value per Share (USD)	$5.09	$4.05	$4.49	$4.66	$5.55	$0.99	$3.06	$1.41	$1.36	$1.03	$1.07	$1.28	$-3.63	—	—
Tangible Book Value per Share (USD)	$3.80	$3.84	$4.26	$4.42	$5.29	$0.68	$3.06	$1.41	$1.36	$1.03	$1.07	$1.28	$-3.63	—	—
Basic Weighted Avg Shares (shares)	114.41M	111.66M	109.14M	109.28M	105.31M	94.34M	—	—	—	—	—	—	—	—	—

🏦 How resilient is the balance sheet? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗
Working Capital (USD)	$639.60M	$168.19M	$460.38M	$676.91M	$747.44M	$237.21M	$55.30M	$112.75M	$109.92M	$83.07M	$85.09M	$99.32M	$3.38M	—	—
Total Equity (USD)	$598.66M	$455.66M	$489.65M	$502.12M	$596.59M	$94.07M	$93.53M	$125.37M	$114.64M	$82.74M	$83.59M	$95.03M	$-43.01M	$-37.45M	$-33.85M

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗
Sales/Revenue/Turnover (USD)	$623.53M	$550.95M	$499.16M	$473.63M	$390.13M	$292.69M	$254.19M	$270.29M	$215.39M	$164.46M	$127.21M	$101.35M	$74.62M	$53.41M	—
Depreciation Expense (USD)	$12.31M	$11.13M	$11.70M	$12.18M	$10.89M	$10.17M	$6.32M	$4.16M	$3.33M	$2.18M	$1.61M	$1.28M	$796.00K	$465.00K	—
Net Income, GAAP (USD)	$-129.32M	$-95.77M	$-100.92M	$-124.52M	$-116.86M	$-94.01M	$-78.76M	$-28.58M	$-13.84M	$-17.71M	$-21.28M	$-19.40M	$-7.47M	$-4.85M	—
Operating Cash Flow (USD)	$147.43M	$115.20M	$59.42M	$11.87M	$7.18M	$-5.84M	$-10.68M	$23.55M	$16.35M	$7.35M	—	—	—	—	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 4 days ago 15 years · 56 quarters

VARONIS SYSTEMS INC

Analytical Summary

15-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

Statement lens

Benchmark Lens

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