Varonis Systems (VRNS) Financials

$46.32

$-0.19 (-0.41%)

As on 04-Sep-2026 13:35EDT

Market cap

$5,045 Mln

Revenue (TTM)

$688 Mln

P/E Ratio

--

P/B Ratio

10.5

Div. Yield

0 %

Annual
Quarterly

Income Statement ($ Mln)	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Operating Revenue	688.10	623.53	550.95	499.16	473.63	390.13
Cost of Revenue	157.79	130.09	93.85	71.75	69.84	59.40
Gross Profit	530.31	493.44	457.10	427.41	403.80	330.74
Operating Expenses	681.61	638.07	563.91	544.63	525.03	438.33
Operating Profit (EBIT)	-151.31	-146.51	-106.81	-117.22	-121.23	-107.60
Other Income	--	--	--	--	10.41	-12.15
Profit before Tax	-134.35	-116.32	-83.01	-86.92	-110.82	-110.84
Provision for Tax	-3.80	13.00	12.76	14.00	13.70	6.02
Profit after Tax (Net Income)	-141.38	-129.32	-95.77	-100.92	-124.52	-116.86
Minority Interest	--	--	--	--	--	--
Consolidated Profit	--	--	--	--	-124.52	-116.86

Liabilities ($ Mln)	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Shareholder's Funds	444.49	598.66	455.66	489.65	502.13	596.59
Minority Interest	--	--	--	--	--	--
Non-Current Liabilities	603.96	534.00	498.73	307.48	312.86	300.17
Current Liabilities	605.94	658.96	709.89	306.78	228.74	211.77
Total Liabilities	2,260.33	1,791.61	1,664.28	1,103.91	1,043.73	1,108.54

Assets ($ Mln)	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Non-Current Assets	657.44	493.06	820.33	358.45	157.46	149.33
Current Assets	996.95	1,298.56	843.94	745.46	886.27	959.21
Total Assets	2,260.33	1,791.61	1,664.28	1,103.91	1,043.73	1,108.54
Total Debt*	516.13	571.76	754.41	311.84	316.46	327.49
Net Current Assets	391.01	639.60	168.19	460.38	676.91	747.44

Cashflow ($ Mln)	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Cash From Operating Activities	--	147.43	115.20	59.42	11.87	7.18
Cash Flow from Investing Activities	--	-0.84	-532.26	-143.08	-374.25	54.38
Cash from Financing Activities	--	-129.70	371.90	-53.40	-75.58	510.11
Net Cash Inflow / Outflow	--	--	--	--	-437.96	571.67

Financials Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Adjusted EPS ($)	-1.20	-1.00	-0.85	-0.93	-1.14	-1.09
Cash EPS ($)	--	-0.91	-0.75	-0.81	-1.03	-0.99
Adjusted Book Value ($)	--	4.63	4.05	4.49	4.60	5.55
Dividend per Share ($)	--	--	--	--	--	--
Cash Flow per Share ($)	--	1.14	1.02	0.55	0.11	0.07
Free Cash Flow per Share ($)	--	1.04	0.96	0.50	0.00	-0.03

Profitability Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
ROCE (%)	--	-10.87	-9.52	-12.46	-14.29	-18.10
ROE (%)	-27.11	-24.53	-20.26	-20.35	-22.67	-33.84
ROA (%)	-6.09	-7.48	-6.92	-9.40	-11.57	-14.05
EBIT Margin (%)	-19.41	-18.65	-13.56	-23.48	-25.60	-25.45
Net Margin (%)	-20.55	-20.74	-17.38	-20.22	-25.72	-30.92
Cash Profit Margin (%)	0.00	--	--	--	--	--

Growth Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Revenue Growth (%)	15.61	0.13	0.10	0.05	0.21	0.33
EBIT Growth (%)	-54.00	-55.71	36.27	3.30	-22.12	-23.15
Net Profit Growth (%)	-37.35	-35.04	5.10	18.95	-6.55	-24.31
EPS Growth (%)	-30.95	-0.18	0.08	0.19	-0.05	-0.10
Book Value Growth (%)	26.50	--	--	--	--	--

Valuation Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Price / Earnings	--	-32.76	-52.19	-48.91	-21.00	-44.83
Price / Book Value	10.55	7.08	10.97	10.08	5.21	8.78
Dividend Yield (%)	--	--	--	--	--	--
EV/EBITDA	-20.70	-37.38	-81.53	-40.21	-20.16	-59.38
Close Price ($)	41.96	32.80	44.43	45.28	23.94	48.78
High Price ($)	63.90	63.90	60.58	45.81	51.60	75.33
Low Price ($)	19.70	30.02	41.13	22.01	15.61	42.74
Market Cap ($ Cr)	5,044.67	--	--	--	--	--

Solvency Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Debt to Equity	1.02	0.96	1.66	0.64	0.63	0.55
Short term debt to equity ratio	--	--	0.57	0.02	0.02	0.17
Current Ratio	1.65	1.97	1.19	2.43	3.87	4.53
Quick Ratio	1.65	--	1.24	2.43	3.87	4.38
Interest Coverage	-175.08	-9.01	-9.00	-36.67	-38.28	-8.58

Operating Efficiency Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Debtors to sales (%)	21.93	46.40	42.95	36.97	30.22	30.04
Asset Turnover	0.30	0.36	0.40	0.46	0.44	0.47
Receivable days	--	154.05	139.60	119.89	100.38	99.70
Inventory Days	--	-95.83	-66.42	0.00	81.29	191.14
Payable days	--	14.11	9.70	9.25	21.67	18.98
Cash Conversion Cycle	--	44.11	63.48	110.64	160.00	271.86

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.