Varonis Systems, Inc. (VRNS)

NASDAQ: VRNS · USD

$48.9

-0.21 (-0.4%)· Recorded snapshot

Market cap	5.6B
Revenue (ttm)	688.1M
Net income (ttm)	-141.4M
EPS (ttm)	-$1.22
Shares out	114.9M
P/E (forward)	223.2x
Volume	2,986,273
Beta	0.77

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 688.1M
Net income (ttm): -141.4M
EPS (ttm): -$1.22
P/E (forward): 223.2x
Market cap: 5.6B

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E223.2

P25 n/aP50 n/aP75 n/a

Trailing P/En/a

P25 n/aP50 n/aP75 n/a

ROE-36

P25 n/aP50 n/aP75 n/a

ROIC-9

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All VRNS indicators

Market & fundamental data

Available fields

237

Groups with data

Currency

USD

Showing 237 of 237 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0001361113
Company name	Varonis Systems, Inc.
Country	United States
Country code	US
CUSIP number	922280102
Earnings date	2026-11-03
Earnings time	amc
Employees	2,658
Employees change	252
Employees growth	10.47%
Enterprise value	$5.2B
Exchange	NASDAQ
Financial currency	USD
Financial report date	2026-06-30
First seen	2026-05-09
Fiscal year end	December
Founded	2004
In index	RUSSELL2000
Industry	Software - Infrastructure
IPO date	2014-02-28
Is primary listing	Yes
Is SPAC	No
ISIN number	US9222801022
Last 10-K release date	2026-02-04
Last earnings date	2026-07-28
Last refreshed	2026-10-28
Last stock split date	2021-03-15
Last stock split type	Forward
Market cap	$5.6B
Market cap category	Mid-Cap
Next earnings date	2026-11-03
Options	Yes
Price	$48.90
Price currency	USD
Sector	Technology
SIC code	7372
Stock price date	2026-10-28
Symbol	VRNS
U.S. state	Florida
Website	https://www.varonis.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	203.75x
Earnings yield	-2.49%
EV/FCF	43.03x
EV/Sales	7.63x
FCF / EV yield	2.32%
FCF yield	2.17%
Forward EV/Sales	6.51x
Forward P/E	223.2x
Forward P/S	6.98x
Industry forward P/E	29.48x
Industry P/E	39.18x
P/(OCF - SBC) ratio	984.52x
P/B ratio	12.69x
P/FCF ratio	46.17x
P/OCF ratio	40.74x
P/S ratio	8.18x
PEG ratio	5.09x
Price / tangible book value	32.47x
Sector forward P/E	18.55x
Sector P/E	32.64x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	-21.74%
EBITDA margin	-19%
FCF margin	17.72%
Gross margin	77.07%
Operating margin	-21.74%
Pretax margin	-19.52%
Profit margin	-20.55%
Profit per employee	$-53,190
Revenue per employee	$258,877
ROA	-5.72%
ROA (5Y)	-6.37%
ROCE	-14.26%
ROE	-35.97%
ROE (5Y)	-24.33%
ROIC	-9.04%
SBC / revenue	19.25%
Tax / revenue	1.02%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth years	0
FCF growth	-2.3%
FCF growth (Q)	15.18%
FCF growth (QoQ)	-58.66%
FCF growth 3Y	49.4%
FCF growth 5Y	71.24%
Gross profit growth	9.38%
Gross profit growth (Q)	12.07%
Gross profit growth 3Y	8.13%
Gross profit growth 5Y	13.33%
Net income growth years	0
OCF growth	1.55%
OCF growth (Q)	17.48%
OCF growth (QoQ)	-54.43%
OCF growth 10Y	39.26%
OCF growth 3Y	45.97%
OCF growth 5Y	53.71%
Revenue growth	15.61%
Revenue growth (Q)	18.31%
Revenue growth (QoQ)	3.98%
Revenue growth 10Y	16.92%
Revenue growth 3Y	12.08%
Revenue growth 5Y	15.47%
Revenue growth quarters	11
Revenue growth years	6

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-16.3M
Depreciation and amortization	$18.9M
EBIT	$-149.6M
EBITDA	$-130.7M
EPS	$-1.22
FCF per share	$1.06
Financing cash flow	$-157.5M
Free cash flow	$121.9M
Free cash flow minus SBC	$-10.5M
Gross profit	$530.3M
Income taxes	$7M
Investing cash flow	$53.7M
Net borrowing	$-137,000
Net cash flow	$34.4M
Net income	$-141.4M
Operating cash flow minus SBC	$5.7M
Operating income	$-149.6M
Revenue	$688.1M
Stock-based compensation	$132.5M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	1.79
Book value per share	$3.87
Debt / equity	1.19
Debt / FCF	4.33
Goodwill	$215.1M
Interest coverage	-15.78
Long-term assets	$657.4M
Long-term liabilities	$604M
Net cash (debt)	$383.2M
Net cash / market cap	6.8%
Net cash growth	-8.34%
Net debt / equity	-0.86
Net debt / FCF	-3.14
Piotroski F-Score	3
Property, plant and equipment	$102.1M
Shareholders' equity	$444.5M
Tangible book value	$173.4M
Tangible book value per share	$1.51
Total assets	$1.7B
Total cash	$698.3M
Total debt	$528.4M
Total liabilities	$1.2B
WACC	7.89%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.42
Current assets	$997M
Current liabilities	$605.9M
Current ratio	1.65
Net working capital	$-295M
Quick ratio	1.4
Working capital	$391M
Working capital turnover	2

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	-3.13%
Dividend yield	0%
Shareholder yield	-3.13%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	421.69%
10Y return CAGR	17.96%
10Y total return	421.67%
150-day SMA	$38.27
1D price change	-0.43%
1M price change	5.84%
1M total return	5.84%
1W price change	0.55%
1W total return	0.55%
1Y price change	-21.9%
1Y return CAGR	-21.92%
1Y total return	-21.9%
20-day SMA	$48.47
200-day SMA	$35.35
3M price change	4.89%
3M total return	4.89%
3Y price change	55.35%
3Y return CAGR	15.81%
3Y total return	55.35%
50-day SMA	$46.63
50-day SMA vs 200-day SMA	50over200
52-week high	$63.80
52-week high date	2025-10-28
52-week low	$19.70
52-week low date	2026-04-10
5Y price change	-23.98%
5Y return CAGR	-5.34%
5Y total return	-23.98%
6M price change	95.41%
6M total return	95.41%
All-time high	$75.33
All-time high date	2021-02-11
All-time low	$4.42
All-time low date	2016-02-09
Average true range (ATR)	$1.17
Average volume	4.6M
Beta (1Y)	1.13
Beta (2Y)	0.92
Beta (5Y)	0.77
Change from 52-week high	-23.35%
Change from 52-week low	148.22%
Change from all-time high	-35.02%
Change from all-time low	1,008.22%
Change from open	-0.33%
Day's gap	-0.1%
Dollar volume	$146M
High price	$49.10
Low price	$48.88
Monthly RSI	57.75
Open price	$49.06
Position in 52-week range	9.09%
Premarket change	-0.31%
Premarket close	$49.11
Premarket price	$48.96
Previous close	$49.11
Price vs 150-day SMA	27.9%
Price vs 20-day SMA	0.98%
Price vs 200-day SMA	38.49%
Price vs 50-day SMA	4.98%
Relative volume	0.64
RSI	55.4
Sharpe ratio	0.05
Sharpe ratio (3Y)	0.5
Sharpe ratio (5Y)	0.13
Sortino ratio	0.12
Sortino ratio (3Y)	0.74
Sortino ratio (5Y)	0.26
Volume	3M
Weekly RSI	62.43
YTD price change	49.24%
YTD total return	49.24%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	111.4M
Float percentage	96.97%
Shares change (QoQ)	-0.84%
Shares change (YoY)	3.13%
Shares held by insiders	3.03%
Shares held by institutions	104.59%
Shares outstanding	114.9M
Short % of float	5.68%
Short % of shares	5.51%
Short ratio	3.1 days

Deeper analysis on VRNS

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Frequently asked questions

About this VRNS report

Is a complete VRNS research report available?

No complete published report is available for Varonis Systems, Inc. (VRNS) on this page. Market-directory data, when present, is not a substitute for a validated stock analysis.

Varonis Systems, Inc. (VRNS)

Price

Financial snapshot

Fair-value bridge

Latest news · VRNS

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All VRNS indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on VRNS

Frequently asked questions