VRNS
Varonis Systems Inc
$44.53
-1.28 (-2.79%)
At close · Jul 10
Market Cap
$5.11B
Shares
114,814,150
Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.
Revenue
$623.53M
+13.2%
FY2025
Net Income
-$129.32M
-35%
FY2025
Gross Margin
78.83%
-4.1pp
FY2025
Operating Margin
-23.5%
-2.2pp
FY2025
Diluted EPS
-$1.13
-31.4%
FY2025
Operating Cash Flow
$147.43M
+28%
FY2025
Chart any reported metric, KPI or segment over time — the full statement history lives here
Search above to add metrics — fundamentals, product and segment revenue, company KPIs, valuation.
| Line Item | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $660.24M | $623.53M | $550.95M | $499.16M | $473.63M | $390.13M | $292.69M | $254.19M | $270.29M | $215.39M | $165.86M | $127.21M | $101.35M | $74.62M | $53.41M | |
| $144.53M | $131.97M | $93.85M | $71.75M | $69.84M | $59.4M | $44.26M | $35.14M | $27.68M | $20.71M | $15.74M | $12.02M | $9.91M | $6.48M | $4.93M | |
| $515.71M | $491.56M | $457.1M | $427.41M | $403.8M | $330.74M | $248.43M | $219.05M | $242.61M | $194.68M | $150.13M | $115.19M | $91.44M | $68.14M | $48.48M | |
| — | 78.83% | 82.97% | 85.63% | 85.26% | 84.77% | 84.88% | 86.17% | 89.76% | 90.38% | 90.51% | 90.55% | 90.22% | 91.32% | 90.77% | |
| $253.37M | $237.81M | $196.77M | $183.84M | $177.88M | $137.88M | $99.36M | $80.76M | $69.97M | $47.37M | $36.66M | $31.79M | $28.09M | $20.97M | $15.03M | |
| $308.92M | $301.34M | $288.77M | $277.89M | $275.09M | $230.31M | $179.9M | $169.9M | $168.31M | $133.93M | $105.64M | $86.37M | $68.79M | $44.13M | $30.04M | |
| $100.66M | $98.92M | $89.22M | $82.9M | $72.06M | $61.23M | $47.58M | $44.37M | $33.46M | $26.8M | $19.82M | $16.11M | $11.87M | $8.88M | $4.97M | |
| $2.84M | $1.05M | $1.26M | $1.53M | $1.53M | $1.53M | $264K | — | — | — | — | — | — | — | — | |
| — | $12.31M | $11.13M | $11.7M | $12.18M | $10.89M | $10.17M | $6.32M | — | — | — | — | — | — | — | |
| $662.94M | $638.07M | $574.75M | $544.63M | $525.03M | $429.43M | $326.84M | $295.03M | $271.74M | $208.1M | $162.12M | $134.27M | $108.75M | $73.99M | $50.04M | |
| -$147.23M | -$146.51M | -$117.65M | -$117.22M | -$121.23M | -$98.69M | -$78.42M | -$75.99M | -$29.14M | -$13.42M | -$12M | -$19.07M | -$17.31M | -$5.85M | -$1.55M | |
| — | -23.5% | -21.35% | -23.48% | -25.6% | -25.3% | -26.79% | -29.89% | -10.78% | -6.23% | -7.23% | -14.99% | -17.08% | -7.83% | -2.91% | |
| — | -$134.21M | -$106.53M | -$105.52M | -$109.05M | -$87.81M | -$68.25M | -$69.67M | — | — | — | — | — | — | — | |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | $86K | |
| $22.69M | $30.19M | $34.64M | $30.31M | $10.41M | -$12.15M | -$7.48M | -$389K | $970K | $2.36M | -$885K | -$1.52M | -$1.71M | -$1.27M | -$3.05M | |
| -$124.54M | -$116.32M | -$83.01M | -$86.92M | -$110.82M | -$110.84M | -$85.9M | -$76.38M | -$28.17M | -$11.06M | -$12.88M | -$20.6M | -$19.02M | -$7.12M | -$4.6M | |
| $5.86M | $13M | $12.76M | $14M | $13.7M | $6.02M | $8.11M | $2.39M | $413K | $2.79M | $1.31M | $686K | $376K | $356K | $247K | |
| -$130.4M | -$129.32M | -$95.77M | -$100.92M | -$124.52M | -$116.86M | -$94.01M | -$78.76M | -$28.58M | -$13.84M | -$14.19M | -$21.28M | -$19.4M | -$7.48M | -$4.85M | |
| — | -20.74% | -17.38% | -20.22% | -26.29% | -29.95% | -32.12% | -30.99% | -10.57% | -6.43% | -8.56% | -16.73% | -19.14% | -10.02% | -9.07% | |
| -$108.7M | -$108.87M | -$84.44M | -$100.01M | -$140.16M | -$120.15M | -$84.19M | -$75.58M | -$32.35M | -$13.23M | -$14.34M | -$21.29M | -$19.72M | -$7.48M | -$4.85M | |
| USD/shares | — | -$1.13 | -$0.86 | -$0.92 | -$1.14 | -$1.11 | -$1.00 | -$0.87 | — | — | — | — | — | — | — |
| USD/shares | — | -$1.13 | -$0.86 | -$0.92 | -$1.14 | -$1.11 | -$1.00 | -$0.87 | — | — | — | — | — | — | — |
| shares | — | 114.41M | 111.66M | 109.14M | 109.28M | 105.31M | 94.34M | 90.77M | 87.06M | 82.4M | 79.22M | 75.6M | 63.73M | 11.64M | 11.27M |
| shares | — | 114.41M | 111.66M | 109.14M | 109.28M | 105.31M | 94.34M | 90.77M | 87.06M | 82.4M | 79.22M | 75.6M | 63.73M | 11.64M | 11.27M |
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing.
TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative.
Capital Returned to Shareholders
Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2012–FY2025: $215.73M in buybacks.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against the industry, and each ratio recomputed as of past filing dates.
Valuation
EV/Revenue
—
Software - Infrastructure median 2.53×
EV/EBIT
—
Software - Infrastructure median 20.01×
P/E (TTM)
—
Software - Infrastructure median 27.95×
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Segment (USD)
| Component | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Term License Subscriptions Saa S Revenues And Maintenance And Services Fees Segment | $623,532,000 | $550,950,000 | $499,160,000 | $473,634,000 |
By Geography (USD)
| Component | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|---|---|---|
| United States | $440,468,000 | $400,778,000 | $358,258,000 | $337,269,000 | — | — | — | — |
| EMEA | $133,591,000 | $114,355,000 | $109,587,000 | $107,848,000 | $101,694,000 | $77,093,000 | $70,208,000 | $93,816,000 |
| Rest of World | $49,473,000 | $35,817,000 | $31,315,000 | $28,517,000 | $9,336,000 | $8,108,000 | $9,375,000 | $9,111,000 |
| France | — | — | — | — | — | — | — | $31,532,000 |
| North America | — | — | — | — | $279,104,000 | $207,488,000 | $174,607,000 | $167,361,000 |
By Product & Service (USD)
| Component | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|---|---|---|
| Software as a Service | $462,595,000 | $208,781,000 | $44,417,000 | $2,246,000 | — | — | — | — |
| Subscription And Circulation | $109,635,000 | $254,241,000 | $356,490,000 | $363,898,000 | $270,832,000 | $162,661,000 | $76,730,000 | $8,750,000 |
| Maintenance | $51,302,000 | $87,928,000 | $98,253,000 | $107,490,000 | $119,302,000 | $130,028,000 | $135,367,000 | $121,960,000 |
| License | — | — | — | — | — | — | $42,093,000 | $139,578,000 |