Varonis Systems financials
$47.11−1.70%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $623.5M | $551.0M | $499.2M | $473.6M | $390.1M | $292.7M | $254.2M | $270.3M | $215.4M | $165.9M |
| Gross profit | $491.6M | $457.1M | $427.4M | $403.8M | $330.7M | $248.4M | $219.0M | $242.6M | $194.7M | $150.1M |
| Gross margin | 78.8% | 83.0% | 85.6% | 85.3% | 84.8% | 84.9% | 86.2% | 89.8% | 90.4% | 90.5% |
| Operating income | -$146.5M | -$117.7M | -$117.2M | -$121.2M | -$98.7M | -$78.4M | -$76.0M | -$29.1M | -$13.4M | -$12.0M |
| Net income | -$129.3M | -$95.8M | -$100.9M | -$124.5M | -$116.9M | -$94.0M | -$78.8M | -$28.6M | -$13.8M | -$14.2M |
| Net margin | −20.7% | −17.4% | −20.2% | −26.3% | −30.0% | −32.1% | −31.0% | −10.6% | −6.4% | −8.6% |
| Diluted EPS | $-1.13 | $-0.86 | $-0.92 | $-1.14 | $-1.11 | $-1.00 | $-0.87 | $-0.33 | $-0.17 | $-0.18 |
| EBITDA | -$134.2M | -$106.5M | -$105.5M | -$59.7M | -$65.4M | -$46.4M | -$56.0M | -$11.8M | $2.5M | -$290.0K |
| Operating cash flow | $147.4M | $115.2M | $59.4M | $11.9M | $7.2M | -$5.8M | -$10.7M | $23.5M | $16.4M | $7.3M |
| Free cash flow | $134.8M | $108.5M | $54.3M | $475.0K | -$3.3M | -$16.0M | -$36.1M | $14.0M | $11.0M | $3.5M |
| Diluted shares | 114.4M | 111.7M | 109.1M | 109.3M | 105.3M | 94.3M | 90.8M | 87.1M | 82.4M | 79.2M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $202.5M | $185.6M | $230.7M | $367.8M | $805.8M | $234.1M |
| Short-term investments | $681.2M | $343.4M | $253.2M | $236.3M | $0.00 | $34.1M |
| Total debt | $452.3M | $700.8M | $250.5M | $249.0M | $225.3M | $218.5M |
| Total assets | $1.79B | $1.66B | $1.10B | $1.04B | $1.11B | $555.5M |
| Total liabilities | $1.19B | $1.21B | $614.3M | $541.6M | $511.9M | $461.4M |
| Shareholders' equity | $598.7M | $455.7M | $489.6M | $502.1M | $596.6M | $94.1M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology