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NASDAQ · SERVICES-PREPACKAGED SOFTWARE · LARGE CAP

Varonis Systems Inc. VRNS

14 fiscal years on record · USD · FY2025 reported · SEC filings only
$623.5M
▲ 13.2% YoY
$-129.3M
$134.8M
▲ 24.2% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Varonis provides software that protects sensitive data stored in the cloud and on-premises, including files, emails and databases, confidential personal data, financial records, source code, and other intellectual property, for organizations of varying sizes and industries. It serves a customer base across more than 95 countries. Its customers span industries including financial services, public sector, healthcare, industrial, insurance, energy and utilities, technology, construction and engineering, education, and consumer and retail. As of December 31, 2025, it had 2,658 employees and independent contractors, including 1,139 in the United States, 916 in Israel, and 603 in other countries. The Varonis Data Security Platform is offered as a software-as-a-service solution sold as a single platform license that includes a core set of integrated capabilities. Before introducing the SaaS offering, it sold its products primarily through self-hosted subscription licenses that let customers deploy individual modules on-premises. The company was incorporated under the laws of the State of Delaware on November 3, 2004 and commenced operations on January 1, 2005.

Written from the business description in Varonis Systems, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 4 February 2026. Every sentence was checked against that document before publication.

Growth

USD 623.5M
Revenue, FY2025 · full 14-year series below
Revenue $M Net income $M
FY2025 · Revenue 623.5 · Net income -129.3
250.0M500.0M-50.0M-100.0M
201220152018202120242025
Compound annual growth
+9.6%
+16.3%
+17.2%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +16.3% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−21 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -23.5% · Net -20.7%
-10%-20%-30%
201220182025
ROE
FY2025 · ROE -24.5%
-50%-100%
201220182025
Three returns, three denominators.

Each USD of equity lost 25 cents this year.

Cash & shareholders

USD 115.0M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 134.8
50M100M-15M-30M
201220182025
Net buybacks $M Dividends $M
FY2025 · Dividends · · Net buybacks 115.0
50M100M-200M-400M
2012202020212022202320242025

USD 115.0M in buybacks went back to shareholders in a year without profit.

Total assetsUSD 1.8B
EquityUSD 598.7M
CashUSD 202.5M
Current ratio1.97×

Equity funds 33% of total assets.

The 14-year record

14 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
VRNS, 14-year financial record
Metric 20252024202320222021202020192018201720162015201420132012
Revenue $B0.60.60.50.50.40.30.30.30.20.20.10.10.10.1
Operating income $B−0.1−0.1−0.1−0.1−0.1−0.1−0.1−0.0−0.0−0.0−0.0−0.0−0.0−0.0
EBITDA $B−0.1−0.1−0.1−0.1−0.1−0.1−0.1−0.0−0.0−0.0−0.0−0.0−0.0−0.0
Income tax $B0.00.00.00.00.00.00.00.00.00.00.00.00.00.0
Net income $B−0.1−0.1−0.1−0.1−0.1−0.1−0.1−0.0−0.0−0.0−0.0−0.0−0.0−0.0
Free cash flow $B0.10.10.10.0−0.0−0.0−0.00.00.00.0−0.0−0.0−0.00.0
EPS, diluted $−1.13−0.86−0.92−1.14−1.11−1.00◌−0.98−0.50−0.54−0.84−0.91−1.93−1.29
Dividend / sh $◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Payout % — not applicable: no dividend——————————————
ROE %−24.5−20.3−20.4−22.7−33.8−100.2−72.0−23.8−13.1−15.8−23.8———
Shares out B0.120.110.110.110.110.030.030.030.030.030.030.020.00◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 1 failure in 68 reconciliationsAUDITED

Reconciled in 13 of the 14 fiscal years we could check. 12 checks were skipped: the balance sheet is not tagged before 2013. Five checks were skipped: EPS is not tagged before 2012. Five checks were skipped: revenue is not tagged before 2012.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency1 failure
ActivityServices-Prepackaged Software
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2012

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