Varonis Systems Inc (VRNS) Financial Statements
Industry: Prepackaged Software (Services)
In fiscal 2025, Varonis Systems reported revenue of $623.5M, up 13.2% from $551.0M the year before. Net income was -$129.3M (a -20.7% net margin), or -$1.13 per diluted share. Gross margin was 78.8% and operating margin was -23.5%. Operating activities generated $147.4M of cash, leaving $134.8M of free cash flow. At fiscal year end, Varonis Systems held $1.79B in total assets against $1.19B in total liabilities, including $202.5M of cash and equivalents.
Open the full interactive Varonis Systems financials → Quarterly statements, key ratios, valuation history and price charts.
Varonis Systems Key Stats
| Share Price | $48.72 |
|---|---|
| Market Cap | $5.59B |
| Revenue YoY Growth | +13.2% |
| 52-Week Range | $20.19 – $63.00 |
| Shares Outstanding | 114.8 million (basic, 2026 Q2) |
Varonis Systems Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $292.7M | $390.1M | $473.6M | $499.2M | $551.0M | $623.5M |
| Gross Profit | $248.4M | $330.7M | $403.8M | $427.4M | $457.1M | $491.6M |
| Operating Income | -$78.4M | -$98.7M | -$121.2M | -$117.2M | -$117.7M | -$146.5M |
| Pre-Tax Income | -$85.9M | -$110.8M | -$110.8M | -$86.9M | -$83.0M | -$116.3M |
| Income Tax | $8.1M | $6.0M | $13.7M | $14.0M | $12.8M | $13.0M |
| Net Income | -$94.0M | -$116.9M | -$124.5M | -$100.9M | -$95.8M | -$129.3M |
| Diluted EPS | -$1.00 | -$1.11 | -$1.14 | -$0.92 | -$0.86 | -$1.13 |
Varonis Systems Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $161.6M | $173.4M | $173.1M | $180.0M |
| Net Income | -$29.9M | -$27.8M | -$36.9M | -$46.8M |
| Diluted EPS | -$0.26 | -$0.24 | -$0.32 | -$0.41 |
Varonis Systems Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $234.1M | $805.8M | $367.8M | $230.7M | $185.6M | $202.5M |
| Current Assets | $419.8M | $959.2M | $905.7M | $767.2M | $878.1M | $1.30B |
| Total Assets | $555.5M | $1.11B | $1.04B | $1.10B | $1.66B | $1.79B |
| Current Liabilities | $182.6M | $211.8M | $228.7M | $306.8M | $709.9M | $659.0M |
| Total Long-Term Debt | $218.5M | $225.3M | $249.0M | $250.5M | $951.3M | $452.3M |
| Total Liabilities | $461.4M | $511.9M | $541.6M | $614.3M | $1.21B | $1.19B |
| Shareholders' Equity | $94.1M | $596.6M | $502.1M | $489.6M | $455.7M | $598.7M |
Varonis Systems Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$5.8M | $7.2M | $11.9M | $59.4M | $115.2M | $147.4M |
| Cash From Investing | -$54.7M | $54.4M | -$374.3M | -$143.1M | -$532.3M | -$837,000 |
| Cash From Financing | $225.8M | $510.1M | -$75.6M | -$53.4M | $371.9M | -$129.7M |
| Free Cash Flow | -$16.0M | -$3.3M | $475,000 | $54.3M | $108.5M | $134.8M |
Figures from Varonis Systems' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Varonis Systems financials page for every line item.
Varonis Systems Company Profile
| Ticker | VRNS |
|---|---|
| Exchange | Nasdaq |
| Industry | Prepackaged Software (Services) |
| Headquarters | Miami, Florida |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001361113 |
Frequently Asked Questions
What was Varonis Systems' revenue in fiscal 2025?
Varonis Systems (VRNS) reported revenue of $623.5M for fiscal 2025.
What is Varonis Systems' annual revenue history?
Varonis Systems' annual revenue by fiscal year: 2020: $292.7M; 2021: $390.1M; 2022: $473.6M; 2023: $499.2M; 2024: $551.0M; 2025: $623.5M.
What was Varonis Systems' net income in fiscal 2025?
Varonis Systems reported net income of -$129.3M for fiscal 2025.
What was Varonis Systems' earnings per share (EPS) in fiscal 2025?
Varonis Systems' diluted EPS was -$1.13 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Varonis Systems generate in fiscal 2025?
Varonis Systems generated $134.8M of free cash flow in fiscal 2025.
What was Varonis Systems' revenue last quarter?
In its most recent reported quarter (2026 Q2), Varonis Systems reported revenue of $180.0M.
How much debt does Varonis Systems have?
Varonis Systems reported $452.3M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Varonis Systems are outstanding?
Varonis Systems reported a weighted average of 114.8 million basic shares outstanding in 2026 Q2.
What is Varonis Systems' market cap?
Based on its latest closing price, Varonis Systems (VRNS) has a market capitalization of about $5.59B.
When does Varonis Systems' fiscal year end?
Varonis Systems' fiscal year end, as registered with the SEC, is December 31.
Where is Varonis Systems headquartered?
Varonis Systems lists its business address in Miami, Florida in its SEC filings.