Symbols / VRNS Stock $24.53 +2.55% Varonis Systems, Inc.

Technology • Software - Infrastructure • United States • NMS
VRNS (Stock) Chart
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Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Technology
Industry Software - Infrastructure
CEO Mr. Yakov Faitelson
Exch · Country NMS · United States
Market Cap 2.88B
Enterprise Value 2.48B
Income -129.32M
Sales 623.53M
FCF (ttm) 215.75M
Book/sh 5.09
Cash/sh 7.84
Employees 2,658
Insider 10d —
IPO Feb 28, 2014
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E —
Forward P/E 59.13
PEG 7.38
P/S 4.62
P/B 4.82
P/C —
EV/EBITDA -18.49
EV/Sales 3.98
Quick Ratio 1.84
Current Ratio 1.97
Debt/Eq 87.15
LT Debt/Eq —
EPS (ttm) -1.13
EPS next Y 0.41
EPS Growth —
Revenue Growth 9.40%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-04-28
Earnings (prior) 2026-02-03
ROA -5.30%
ROE -24.53%
ROIC —
Gross Margin 78.83%
Oper. Margin -17.07%
Profit Margin -20.74%
Shs Outstand 114.81M
Shs Float 113.67M
Insider Own 3.12%
Instit Own 104.38%
Short Float 7.44%
Short Ratio 3.47
Short Interest 8.29M
52W High 63.90
vs 52W High -61.61%
52W Low 19.70
vs 52W Low 24.52%
Beta 0.68
Impl. Vol. 49.97%
Rel Volume 0.49
Avg Volume 3.21M
Volume 1.58M
Target (mean) $33.43
Tgt Median $30.00
Tgt Low $27.00
Tgt High $50.00
# Analysts 21
Recom Buy
Prev Close $23.92
Price $24.53
Change 2.55%
About

Varonis Systems, Inc. provides software products and services that continuously discover and classify critical data, remediate exposures, and detect advanced threats with AI-powered technology in North America, Europe, APAC, and rest of worlds. The company offers Varonis Data Security Platform, a Software-as-a-Service solution which includes Data security posture management, Data access intelligence, Data discovery & classification, Discovery policy library, least privilege automation, Data activity monitoring, Data detection and response, and User & entity behavior analytics. It also provides Protection Packages, such as Microsoft 365, Windows & NAS, Hybrid, and Cloud Environments, as well as Database and Email Security Capabilities and On-Premises Subscription Products. It serves the financial services, public, healthcare, industrial, insurance, energy and utilities, technology, construction and engineering, education, and consumer and retail industries. Varonis Systems, Inc. was incorporated in 2004 and is headquartered in Miami, Florida.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$33.43
Mean price target
2. Current target
$24.53
Latest analyst target
3. DCF / Fair value
$33.82
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$24.53
Low
$27.00
High
$50.00
Mean
$33.43

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-13 main Barclays Overweight → Overweight $28
2026-03-23 down William Blair Outperform → Market Perform —
2026-03-03 init Wells Fargo — → Overweight $28
2026-02-05 up DA Davidson Neutral → Buy $30
2026-02-04 main DA Davidson Neutral → Neutral $25
2026-02-04 main Citigroup Neutral → Neutral $28
2026-02-04 main Cantor Fitzgerald Overweight → Overweight $35
2026-02-04 main JP Morgan Overweight → Overweight $38
2026-02-04 main Wedbush Outperform → Outperform $35
2026-02-04 main B. Riley Securities Buy → Buy $45
2026-02-04 main Truist Securities Buy → Buy $34
2026-02-04 main Needham Buy → Buy $30
2026-01-26 main JP Morgan Overweight → Overweight $50
2026-01-26 down Morgan Stanley Overweight → Equal-Weight $41
2026-01-05 main RBC Capital Outperform → Outperform $41
2026-01-05 up Piper Sandler Neutral → Overweight $47
2026-01-05 main Barclays Overweight → Overweight $45
2025-12-30 init Stephens & Co. — → Equal-Weight $40
2025-11-03 main Citigroup Neutral → Neutral $40
2025-10-29 main DA Davidson Neutral → Neutral $40
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-02-09 FAITELSON YAKOV Chief Executive Officer — 26,725 $22.41 $598,907
2026-02-09 FAITELSON YAKOV Chief Executive Officer — 87,000 $0.00 $0
2026-02-09 BASS DAVID Chief Technology Officer — 2,980 $23.47 $69,941
2026-02-06 FAITELSON YAKOV Chief Executive Officer — 315,674 $0.00 $0
2026-02-06 KESS AVROHOM J Director — 17,800 $22.29 $396,762
2026-02-06 MELAMED GUY Chief Operating Officer — 125,359 $0.00 $0
2026-02-06 BASS DAVID Chief Technology Officer — 169,095 $0.00 $0
2026-02-06 GAVIN JOHN J JR Director — 5,000 $22.54 $112,700
2026-02-06 GOTTLIEB DOV M General Counsel — 66,226 $0.00 $0
2026-02-06 POMEROY GREG Officer — 75,056 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
623.53
+13.17%
550.95
+10.38%
499.16
+5.39%
473.63
Operating Revenue
623.53
+13.17%
550.95
+10.38%
499.16
+5.39%
473.63
Cost Of Revenue
131.97
+40.63%
93.85
+30.80%
71.75
+2.74%
69.84
Reconciled Cost Of Revenue
131.97
+40.63%
93.85
+30.80%
71.75
+2.74%
69.84
Gross Profit
491.56
+7.54%
457.10
+6.95%
427.41
+5.85%
403.80
Operating Expense
638.07
+11.02%
574.75
+5.53%
544.63
+3.73%
525.03
Research And Development
237.81
+20.86%
196.76
+7.03%
183.84
+3.35%
177.88
Selling General And Administration
400.26
+5.89%
377.99
+4.77%
360.79
+3.93%
347.14
Selling And Marketing Expense
301.34
+4.35%
288.77
+3.91%
277.89
+1.02%
275.09
General And Administrative Expense
98.92
+10.87%
89.22
+7.62%
82.90
+15.05%
72.06
Other Gand A
98.92
+10.87%
89.22
+7.62%
82.90
+15.05%
72.06
Total Expenses
770.05
+15.17%
668.60
+8.47%
616.38
+3.62%
594.86
Operating Income
-146.51
-24.53%
-117.65
-0.37%
-117.22
+3.30%
-121.23
Total Operating Income As Reported
-146.51
-24.53%
-117.65
-0.37%
-117.22
+3.30%
-121.23
EBITDA
-97.44
-44.77%
-67.31
+6.54%
-72.02
+24.57%
-95.47
Normalized EBITDA
-90.30
-35.82%
-66.48
+8.84%
-72.93
+27.51%
-100.62
Reconciled Depreciation
12.31
+10.63%
11.13
-4.93%
11.70
-3.88%
12.18
EBIT
-109.75
-39.93%
-78.44
+6.31%
-83.72
+22.23%
-107.65
Total Unusual Items
-7.15
-764.21%
-0.83
-190.28%
0.92
-82.20%
5.15
Total Unusual Items Excluding Goodwill
-7.15
-764.21%
-0.83
-190.28%
0.92
-82.20%
5.15
Net Income
-129.32
-35.04%
-95.77
+5.10%
-100.92
+18.95%
-124.52
Pretax Income
-116.32
-40.13%
-83.01
+4.50%
-86.92
+21.56%
-110.81
Net Non Operating Interest Income Expense
37.34
+63.91%
22.78
+13.71%
20.04
+307.05%
4.92
Interest Expense Non Operating
6.57
+43.69%
4.57
+42.98%
3.20
+0.95%
3.17
Net Interest Income
37.34
+63.91%
22.78
+13.71%
20.04
+307.05%
4.92
Interest Expense
6.57
+43.69%
4.57
+42.98%
3.20
+0.95%
3.17
Interest Income Non Operating
49.95
+64.54%
30.36
+20.42%
25.21
+150.32%
10.07
Interest Income
49.95
+64.54%
30.36
+20.42%
25.21
+150.32%
10.07
Other Income Expense
-7.15
-160.25%
11.86
+15.51%
10.27
+87.03%
5.49
Gain On Sale Of Security
-7.15
-764.21%
-0.83
-190.28%
0.92
-82.20%
5.15
Tax Provision
13.00
+1.93%
12.76
-8.86%
14.00
+2.15%
13.70
Tax Rate For Calcs
0.00
+0.00%
0.00
+0.00%
0.00
+0.00%
0.00
Tax Effect Of Unusual Items
-1.50
-764.21%
-0.17
-190.28%
0.19
-82.20%
1.08
Net Income Including Noncontrolling Interests
-129.32
-35.04%
-95.77
+5.10%
-100.92
+18.95%
-124.52
Net Income From Continuing Operation Net Minority Interest
-129.32
-35.04%
-95.77
+5.10%
-100.92
+18.95%
-124.52
Net Income From Continuing And Discontinued Operation
-129.32
-35.04%
-95.77
+5.10%
-100.92
+18.95%
-124.52
Net Income Continuous Operations
-129.32
-35.04%
-95.77
+5.10%
-100.92
+18.95%
-124.52
Normalized Income
-123.68
-30.03%
-95.11
+6.42%
-101.64
+20.95%
-128.58
Net Income Common Stockholders
-129.32
-35.04%
-95.77
+5.10%
-100.92
+18.95%
-124.52
Diluted EPS
-1.13
-31.40%
-0.86
+6.52%
-0.92
+19.30%
-1.14
Basic EPS
-1.13
-31.40%
-0.86
+6.52%
-0.92
+19.30%
-1.14
Basic Average Shares
114.41
+2.47%
111.66
+2.31%
109.14
-0.13%
109.28
Diluted Average Shares
114.41
+2.47%
111.66
+2.31%
109.14
-0.13%
109.28
Diluted NI Availto Com Stockholders
-129.32
-35.04%
-95.77
+5.10%
-100.92
+18.95%
-124.52
Securities Amortization
0.00
+100.00%
-12.69
-35.66%
-9.35
-2619.19%
-0.34
Total Other Finance Cost
6.04
+101.03%
3.00
+52.05%
1.98
-0.30%
1.98
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
1,791.61
+7.65%
1,664.28
+50.76%
1,103.91
+5.77%
1,043.73
Current Assets
1,298.56
+47.89%
878.07
+14.46%
767.16
-15.29%
905.66
Cash Cash Equivalents And Short Term Investments
920.97
+62.02%
568.42
+6.50%
533.72
-27.14%
732.49
Cash And Cash Equivalents
202.48
+9.10%
185.59
-19.57%
230.74
-37.26%
367.80
Other Short Term Investments
718.48
+87.68%
382.83
+26.36%
302.98
-16.92%
364.69
Receivables
289.34
+21.12%
238.88
+29.46%
184.52
+28.90%
143.16
Accounts Receivable
242.82
+25.92%
192.83
+14.02%
169.12
+24.37%
135.98
Gross Accounts Receivable
244.08
+24.95%
195.35
+14.51%
170.60
+22.36%
139.43
Allowance For Doubtful Accounts Receivable
-1.26
+49.96%
-2.52
-69.33%
-1.49
+56.94%
-3.45
Other Receivables
46.52
+1.01%
46.05
+198.93%
15.41
+114.69%
7.18
Prepaid Assets
20.92
-26.70%
28.54
+19.83%
23.82
+124.17%
10.62
Current Deferred Assets
45.72
+33.96%
34.13
+57.33%
21.69
+11.89%
19.39
Hedging Assets Current
21.61
+166.76%
8.10
+137.65%
3.41
0.00
Other Current Assets
—
—
—
7.18
Total Non Current Assets
493.06
-37.29%
786.20
+133.47%
336.75
+143.89%
138.07
Net PPE
93.71
+22.68%
76.39
-10.97%
85.80
-10.45%
95.81
Gross PPE
149.95
+17.45%
127.67
-2.79%
131.33
-4.15%
137.01
Accumulated Depreciation
-56.24
-9.68%
-51.28
-12.64%
-45.52
-10.52%
-41.19
Properties
0.00
0.00
0.00
0.00
Machinery Furniture Equipment
42.48
+14.79%
37.01
+10.12%
33.61
-3.18%
34.72
Other Properties
57.68
+26.50%
45.59
-12.05%
51.84
-8.69%
56.77
Leases
49.79
+10.49%
45.06
-1.78%
45.88
+0.79%
45.52
Goodwill And Other Intangible Assets
151.96
+556.85%
23.14
-5.18%
24.40
-5.88%
25.92
Goodwill
135.28
+484.72%
23.14
+0.00%
23.14
+0.00%
23.14
Other Intangible Assets
16.69
—
1.26
-54.70%
2.79
Investments And Advances
187.20
-71.59%
658.90
+212.18%
211.06
0.00
Other Non Current Assets
60.18
+116.63%
27.78
+79.35%
15.49
-5.18%
16.34
Total Liabilities Net Minority Interest
1,192.96
-1.30%
1,208.62
+96.76%
614.26
+13.41%
541.61
Current Liabilities
658.96
-7.17%
709.88
+131.40%
306.78
+34.11%
228.74
Payables And Accrued Expenses
127.76
+33.65%
95.59
+27.12%
75.20
+13.71%
66.13
Payables
5.74
+32.97%
4.31
+541.82%
0.67
-77.31%
2.96
Accounts Payable
5.74
+32.97%
4.31
+541.82%
0.67
-77.31%
2.96
Current Accrued Expenses
122.03
+33.69%
91.28
+22.48%
74.53
+17.98%
63.17
Current Debt And Capital Lease Obligation
9.74
-96.27%
261.37
+2501.00%
10.05
+1.79%
9.87
Current Debt
—
250.53
—
—
Other Current Borrowings
—
250.53
—
—
Current Capital Lease Obligation
9.74
-10.20%
10.85
+7.92%
10.05
+1.79%
9.87
Current Deferred Liabilities
427.81
+47.46%
290.11
+60.24%
181.05
+63.77%
110.55
Current Deferred Revenue
427.81
+47.46%
290.11
+60.24%
181.05
+63.77%
110.55
Other Current Liabilities
93.64
+49.10%
62.81
+55.14%
40.48
-4.05%
42.19
Total Non Current Liabilities Net Minority Interest
534.00
+7.07%
498.73
+62.20%
307.48
-1.72%
312.86
Long Term Debt And Capital Lease Obligation
512.01
+3.85%
493.03
+63.37%
301.79
-1.57%
306.59
Long Term Debt
452.26
+0.45%
450.24
+79.75%
250.48
+0.61%
248.96
Long Term Capital Lease Obligation
59.75
+39.64%
42.79
-16.61%
51.31
-10.96%
57.63
Non Current Deferred Liabilities
14.41
+551.56%
2.21
+149.55%
0.89
-41.05%
1.50
Non Current Deferred Revenue
14.41
+551.56%
2.21
+149.55%
0.89
-41.05%
1.50
Other Non Current Liabilities
7.58
+117.27%
3.49
-27.39%
4.81
+0.78%
4.77
Stockholders Equity
598.66
+31.38%
455.66
-6.94%
489.65
-2.48%
502.12
Common Stock Equity
598.66
+31.38%
455.66
-6.94%
489.65
-2.48%
502.12
Capital Stock
0.12
+4.42%
0.11
+3.67%
0.11
+0.93%
0.11
Common Stock
0.12
+4.42%
0.11
+3.67%
0.11
+0.93%
0.11
Share Issued
117.55
+4.44%
112.55
+3.16%
109.10
+1.33%
107.67
Ordinary Shares Number
117.55
+4.44%
112.55
+3.16%
109.10
+1.33%
107.67
Additional Paid In Capital
1,444.88
+21.11%
1,193.02
+4.41%
1,142.58
+8.30%
1,055.05
Retained Earnings
-869.48
-17.47%
-740.15
-14.86%
-644.39
-18.57%
-543.47
Gains Losses Not Affecting Retained Earnings
23.13
+764.42%
2.68
+130.94%
-8.65
+9.50%
-9.56
Other Equity Adjustments
23.13
+764.42%
2.68
+130.94%
-8.65
+9.50%
-9.56
Total Equity Gross Minority Interest
598.66
+31.38%
455.66
-6.94%
489.65
-2.48%
502.12
Total Capitalization
1,050.91
+16.01%
905.90
+22.40%
740.12
-1.46%
751.09
Working Capital
639.60
+280.29%
168.19
-63.47%
460.38
-31.99%
676.91
Invested Capital
1,050.91
-9.12%
1,156.43
+56.25%
740.12
-1.46%
751.09
Total Debt
521.75
-30.84%
754.41
+141.92%
311.84
-1.46%
316.46
Net Debt
249.78
-51.52%
515.19
+2510.26%
19.74
—
Capital Lease Obligations
69.49
+29.56%
53.63
-12.59%
61.36
-9.09%
67.50
Net Tangible Assets
446.69
+3.28%
432.52
-7.03%
465.25
-2.30%
476.20
Tangible Book Value
446.69
+3.28%
432.52
-7.03%
465.25
-2.30%
476.20
Available For Sale Securities
187.20
-71.59%
658.90
+212.18%
211.06
—
Investmentin Financial Assets
187.20
-71.59%
658.90
+212.18%
211.06
0.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
147.43
+27.98%
115.20
+93.89%
59.42
+400.51%
11.87
Cash Flow From Continuing Operating Activities
147.43
+27.98%
115.20
+93.89%
59.42
+400.51%
11.87
Net Income From Continuing Operations
-129.32
-35.04%
-95.77
+5.10%
-100.92
+18.95%
-124.52
Depreciation Amortization Depletion
12.31
+10.63%
11.13
-4.93%
11.70
-3.88%
12.18
Depreciation
11.26
+14.12%
9.86
-3.09%
10.18
-4.45%
10.65
Amortization Cash Flow
1.05
-16.63%
1.26
-17.18%
1.52
+0.00%
1.52
Depreciation And Amortization
12.31
+10.63%
11.13
-4.93%
11.70
-3.88%
12.18
Amortization Of Intangibles
1.05
-16.63%
1.26
-17.18%
1.52
+0.00%
1.52
Other Non Cash Items
64.95
-10.67%
72.72
+13.52%
64.05
+6.48%
60.16
Stock Based Compensation
130.24
+2.81%
126.68
-9.40%
139.82
-2.13%
142.86
Operating Gains Losses
-0.25
—
—
-0.02
Gain Loss On Investment Securities
-0.25
—
—
—
Gain Loss On Sale Of PPE
—
0.00
0.00
+100.00%
-0.02
Change In Working Capital
67.23
+411.99%
13.13
+128.62%
-45.89
+41.50%
-78.44
Change In Receivables
-52.55
-121.60%
-23.72
+28.43%
-33.14
-76.26%
-18.80
Changes In Account Receivables
-52.55
-121.60%
-23.72
+28.43%
-33.14
-76.26%
-18.80
Change In Prepaid Assets
7.26
+120.54%
-35.33
-64.65%
-21.46
-248.30%
-6.16
Change In Payables And Accrued Expense
54.05
+157.92%
20.96
+376.93%
-7.57
+34.06%
-11.48
Change In Accrued Expense
52.83
+205.05%
17.32
+428.10%
-5.28
+42.10%
-9.12
Change In Payable
1.23
-66.25%
3.64
+259.00%
-2.29
+3.05%
-2.36
Change In Account Payable
1.23
-66.25%
3.64
+259.00%
-2.29
+3.05%
-2.36
Change In Other Working Capital
57.21
+13.13%
50.57
+208.78%
16.38
+137.33%
-43.87
Change In Other Current Assets
-1.13
-426.80%
0.35
+160.14%
-0.58
-214.94%
0.50
Change In Other Current Liabilities
2.40
+685.62%
0.31
-35.44%
0.47
-65.25%
1.36
Investing Cash Flow
-0.84
+99.84%
-532.25
-272.01%
-143.08
+61.77%
-374.25
Cash Flow From Continuing Investing Activities
-0.84
+99.84%
-532.25
-272.01%
-143.08
+61.77%
-374.25
Net PPE Purchase And Sale
-12.63
-88.65%
-6.69
-31.28%
-5.10
+55.17%
-11.38
Purchase Of PPE
-12.63
-88.65%
-6.69
-31.28%
-5.10
+55.26%
-11.40
Sale Of PPE
—
0.00
0.00
-100.00%
0.02
Capital Expenditure
-15.52
-16.29%
-13.35
-161.76%
-5.10
+55.26%
-11.40
Capital Expenditure Reported
-2.89
0.00
0.00
—
Net Investment Purchase And Sale
138.20
+126.63%
-518.91
-276.08%
-137.98
+61.98%
-362.88
Purchase Of Investment
-480.02
+50.72%
-974.10
-49.00%
-653.77
-55.50%
-420.44
Sale Of Investment
618.22
+35.82%
455.19
-11.75%
515.79
+796.08%
57.56
Net Business Purchase And Sale
-123.51
0.00
0.00
0.00
Purchase Of Business
-123.51
0.00
0.00
0.00
Net Intangibles Purchase And Sale
0.00
+100.00%
-6.65
0.00
0.00
Purchase Of Intangibles
0.00
+100.00%
-6.65
0.00
0.00
Financing Cash Flow
-129.70
-134.87%
371.90
+796.44%
-53.40
+29.35%
-75.58
Cash Flow From Continuing Financing Activities
-129.70
-134.87%
371.90
+796.44%
-53.40
+29.35%
-75.58
Net Issuance Payments Of Debt
-0.14
-100.03%
449.63
0.00
0.00
Issuance Of Debt
0.00
-100.00%
449.63
0.00
0.00
Repayment Of Debt
-0.14
0.00
0.00
—
Long Term Debt Issuance
0.00
-100.00%
449.63
0.00
0.00
Long Term Debt Payments
-0.14
0.00
0.00
—
Net Long Term Debt Issuance
-0.14
-100.03%
449.63
0.00
0.00
Net Common Stock Issuance
-115.00
0.00
+100.00%
-43.52
+22.89%
-56.44
Common Stock Payments
-115.00
0.00
+100.00%
-43.52
+22.89%
-56.44
Repurchase Of Capital Stock
-115.00
0.00
+100.00%
-43.52
+22.89%
-56.44
Proceeds From Stock Option Exercised
14.60
-9.20%
16.08
+39.39%
11.54
-3.38%
11.94
Net Other Financing Charges
-29.16
+68.92%
-93.82
-338.09%
-21.41
+31.09%
-31.08
Changes In Cash
16.90
+137.42%
-45.16
+67.05%
-137.06
+68.70%
-437.96
Beginning Cash Position
185.59
-19.57%
230.74
-37.26%
367.80
-54.35%
805.76
End Cash Position
202.48
+9.10%
185.59
-19.57%
230.74
-37.26%
367.80
Free Cash Flow
131.91
+29.51%
101.85
+87.52%
54.32
+11335.16%
0.47
Interest Paid Supplemental Data
7.72
+141.90%
3.19
-0.09%
3.20
+0.92%
3.17
Income Tax Paid Supplemental Data
3.58
-85.22%
24.25
+50.72%
16.09
+118.78%
7.35
Amortization Of Securities
2.27
+117.86%
-12.69
-35.66%
-9.35
-2619.19%
-0.34
Common Stock Issuance
—
—
0.00
0.00
Issuance Of Capital Stock
—
—
0.00
0.00
SEC Filings

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