VARONIS SYSTEMS INC

VRNS

VARONIS SYSTEMS INC

VRNS

Insider Sentiment (TTM):

Last Purchase:2026-02-09Last Sale:2025-08-29Shares Purchased (TTM):52,505Shares Sold (TTM):1,500

Institutional Sentiment:

As of:2026-03-31Institutional Shares Owned:100,684,394Shares Outstanding:115,788,061Institutional Ownership Pct.:86.96%

Earnings Market Reaction:

Filing Date:2026-07-29Price on Filing Date:N/APrevious Close:N/A% Change:N/A

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Financial Statements

10‑Q10‑K

Values in Millions ($)	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Assets
Assets Current
Cash And Cash Equivalents At Carrying Value	234	179	202	157	199	153	186	282	155	147	231	111
Marketable Securities Current	426	568	681	514	572	415	343	563	427	356	253	338
Deposits Assets Current	38	38	37	37	37	42	39	34	45	45	50	76
Accounts Receivable Net Current	151	157	243	143	150	124	193	119	122	100	169	111
Prepaid Expense And Other Assets Current	148	139	135	111	111	85	117	76	66	59	64	50
Assets Current	997	1,081	1,299	961	1,068	818	878	1,074	816	708	767	686
Assets Noncurrent
Marketable Securities Noncurrent	213	114	187	396	364	592	659	332	163	226	211	206
Operating Lease Right Of Use Asset	62	57	58	59	42	44	46	45	47	49	52	53
Property Plant And Equipment Net	40	40	36	35	33	31	31	29	30	32	34	34
Intangible Assets Net Excluding Goodwill	56	57	17	17	6	6	0	0	1	1	1	2
Goodwill	215	217	135	135	40	40	23	23	23	23	23	23
Other Assets Noncurrent	71	70	60	62	62	47	28	17	15	15	15	16
Assets Noncurrent	657	554	493	704	547	759	786	447	279	346	337	335
Assets	1,654	1,635	1,792	1,665	1,615	1,577	1,664	1,521	1,095	1,054	1,104	1,021
Liabilities And Stockhold…
Liabilities Current
Accounts Payable Current	12	11	6	5	7	6	4	1	3	3	1	1
Accrued Liabilities And Other Liabilities	173	211	225	193	190	157	165	123	123	109	125	120
Convertible Debt Current	-	-	0	0	251	251	251	252	-	-	0	-
Contract With Customer Liability Current	420	416	428	334	323	296	290	218	209	185	181	145
Liabilities Current	606	639	659	532	771	710	710	594	334	297	307	267
Liabilities Noncurrent
Convertible Long Term Notes Payable	-	-	-	-	-	-	-	-	-	-	-	250
Convertible Debt Noncurrent	453	453	452	452	451	451	450	450	251	251	250	-
Operating Lease Liability Noncurrent	63	58	60	60	40	41	43	44	45	48	51	51
Contract With Customer Liability Noncurrent	15	23	14	8	0	0	2	2	0	0	1	0
Other Liabilities Noncurrent	72	8	8	9	11	8	3	4	5	5	5	8
Liabilities Noncurrent	604	542	534	528	502	499	499	499	302	304	307	310
Common Stock Value	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Other Comprehensive Income Loss Net Of…	27	21	23	18	14	-1	3	-4	-11	-9	-9	-23
Additional Paid In Capital	1,370	1,339	1,445	1,428	1,139	1,145	1,193	1,160	1,178	1,146	1,143	1,111
Retained Earnings Accumulated Deficit	-953	-906	-869	-842	-812	-776	-740	-727	-709	-685	-644	-643
Stockholders Equity	444	454	599	605	341	368	456	429	459	452	490	445
Liabilities And Stockholders Equity	1,654	1,635	1,792	1,665	1,615	1,577	1,664	1,521	1,095	1,054	1,104	1,021
Allowance For Doubtful Accounts Receivable Current	1	2	1	2	2	2	3	2	2	1	1	4
Common Stock Par Or Stated Value Per Share	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001
Common Stock Shares Authorized	200	200	200	200	200	200	200	200	200	200	200	200
Common Stock Shares Issued	115	115	118	118	112	113	113	112	112	112	109	109
Shares Outstanding	115	115	118	118	112	113	113	112	112	112	109	109

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Earnings Market Reaction

10‑Q10‑K

Fiscal Year	Q1 1 Month	Q1 2 Month	Q1 3 Month	Q2 1 Month	Q2 2 Month	Q2 3 Month	Q3 1 Month	Q3 2 Month	Q3 3 Month	Q4 1 Month	Q4 2 Month	Q4 3 Month
2026	13.59%	22.32%	74.20%	-	-	-	-	-	-	-	-	-
2025	5.30%	11.00%	20.78%	3.50%	1.66%	5.73%	-3.06%	3.34%	3.65%	-2.41%	-10.39%	3.63%
2024	-4.53%	6.60%	7.71%	3.02%	0.52%	6.91%	-0.69%	-10.07%	-12.27%	7.40%	4.07%	5.67%
2023	-	-	-	-3.04%	-4.29%	0.97%	18.82%	34.04%	32.58%	5.16%	-2.94%	-6.73%
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Performance and Valuation Metrics

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Metrics	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Liquidity Ratios
Current Ratio	1.65	1.69	1.97	1.81	1.38	1.15	1.24	1.81	2.44	2.38	2.50	2.57
Quick Ratio	1.40	1.48	1.77	1.60	1.24	1.03	1.07	1.68	2.24	2.18	2.29	2.39
Working Capital	391.01M	442.42M	639.60M	429.47M	296.97M	107.98M	168.19M	480.39M	481.69M	410.57M	460.38M	419.52M
Leverage & Debt
Debt to Equity	2.72	2.60	1.99	1.75	3.73	3.29	2.65	2.55	1.39	1.33	1.25	1.30
Debt Ratio	0.73	0.72	0.67	0.64	0.79	0.77	0.73	0.72	0.58	0.57	0.56	0.56
Efficiency & Turnover
Asset Turnover TTM	0.42	0.41	0.36	0.38	0.44	0.44	0.40	0.43	0.49	0.49	0.46	0.47
Days Sales Outstanding TTM	79.73	77.45	127.51	78.50	83.44	71.31	119.89	76.90	79.23	63.44	111.55	75.88
Receivables Turnover TTM	4.58	4.71	2.86	4.65	4.37	5.12	3.04	4.75	4.61	5.75	3.27	4.81
Per Share Metrics
Diluted EPS TTM	-1.23	-1.13	-1.13	-1.00	-0.92	-0.81	-0.86	-0.75	-0.79	-0.94	-0.92	-1.01
Free Cash Flow Per Share TTM	1.06	1.03	1.18	1.17	1.11	1.05	0.97	0.86	0.73	0.68	0.50	0.42
Dividend Per Share TTM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Margin Metrics
Gross Profit Margin TTM	77.07%	78.11%	78.83%	80.04%	81.46%	82.29%	82.97%	84.06%	84.54%	85.08%	85.63%	85.76%
Operating Profit Margin TTM	-21.99%	-22.30%	-23.50%	-21.98%	-20.42%	-19.85%	-21.35%	-19.27%	-21.29%	-24.07%	-23.48%	-25.01%
Net Profit Margin TTM	-20.55%	-19.75%	-20.74%	-18.82%	-17.29%	-15.88%	-17.38%	-15.31%	-16.97%	-20.38%	-20.22%	-22.71%
Growth Metrics
Net Revenue Growth (1Y)	15.61%	15.15%	13.17%	11.37%	14.29%	13.34%	10.38%	12.07%	6.57%	4.36%	5.39%	6.57%
Net Income Growth (1Y)	37.35%	43.20%	35.04%	36.90%	16.50%	-11.68%	-5.10%	-24.46%	-24.14%	-9.61%	-18.95%	-20.15%
EPS Growth (1Y)	34.04%	39.32%	31.79%	33.68%	16.33%	-13.77%	-7.24%	-26.37%	-25.59%	-10.92%	-18.85%	-19.73%
Valuation Metrics
P/E TTM	-34.08	-19.06	-29.02	-57.69	-55.25	-50.04	-51.80	-75.81	-60.75	-50.32	-48.97	-30.17
P/B TTM	10.84	5.48	6.27	10.92	16.65	12.39	10.89	14.80	11.70	11.47	10.09	7.52
P/S TTM	7.00	3.77	6.02	10.86	9.55	7.95	9.00	11.61	10.31	10.26	9.90	6.85
Market Cap	4.82B	2.49B	3.75B	6.61B	5.69B	4.56B	4.96B	6.34B	5.37B	5.19B	4.94B	3.34B
Enterprise Value	5.04B	2.76B	4.00B	6.90B	6.19B	5.11B	5.48B	6.76B	5.46B	5.29B	4.96B	3.48B
Calculated Values
Free Cash Flow TTM	121.94M	119.21M	134.80M	133.98M	124.81M	117.74M	108.51M	96.88M	81.62M	75.02M	54.32M	45.70M
Net Debt	219.64M	273.43M	249.78M	294.40M	503.16M	548.55M	515.19M	419.17M	95.84M	103.81M	19.74M	138.90M
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
NCAV
NCAV Per Share TTM
Valuation Ratios
P/CF TTM
PEG Ratio
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
EV Revenue TTM
EV FCF TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2026-02-09Purchase

Owner: Faitelson, Yakov

Title: CEO, President, Chairman

Shares: 26,725

Price/Share: $22.41

Value: $598,907.25

Shares Owned: 2,185,387

Relationship: Director,Officer

Ownership: Direct

2026-02-09Purchase

Owner: Bass, David

Title: EVP Engineering & CTO

Shares: 2,980

Price/Share: $23.47

Value: $69,940.60

Shares Owned: 1,042,924

Relationship: Officer

Ownership: Direct

2026-02-06Purchase

Owner: Gavin, John J Jr

Title: -

Shares: 5,000

Price/Share: $22.54

Value: $112,700.00

Shares Owned: 273,666

Relationship: Director

Ownership: Direct

2026-02-06Purchase

Owner: Kess, Avrohom J.

Title: -

Shares: 17,800

Price/Share: $22.29

Value: $396,762.00

Shares Owned: 49,403

Relationship: Director

Ownership: Direct

2025-08-29Sale

Owner: Melamed, Guy

Title: CFO and COO

Shares: 1,500

Price/Share: $59.59

Value: $89,385.00

Shares Owned: 412,105

Relationship: Officer

Ownership: Direct

Filed Date	Owner	Relationship	Title	Ownership	Purchase/Sale	No. Shares	Price Per Share	Value	Shares Owned	Document Type
2026-02-09	Faitelson, Yakov	Director,Officer	CEO, President, Chairman	Direct	Purchase	26,725	22.41	$598,907.25	2,185,387	4
2026-02-09	Bass, David	Officer	EVP Engineering & CTO	Direct	Purchase	2,980	23.47	$69,940.60	1,042,924	4
2026-02-06	Gavin, John J Jr	Director	-	Direct	Purchase	5,000	22.54	$112,700.00	273,666	4
2026-02-06	Kess, Avrohom J.	Director	-	Direct	Purchase	17,800	22.29	$396,762.00	49,403	4
2025-08-29	Melamed, Guy	Officer	CFO and COO	Direct	Sale	1,500	59.59	$89,385.00	412,105	4
2025-08-22	Melamed, Guy	Officer	CFO and COO	Direct	Sale	10,400	59.53	$619,112.00	417,497	4
2025-08-13	Melamed, Guy	Officer	CFO and COO	Direct	Sale	42,705	57.72	$2,464,932.60	427,897	4
2025-08-01	Van, Den Bosch Fred	Director	-	Direct	Sale	3,000	55.08	$165,240.00	128,666	4
2025-08-01	Melamed, Guy	Officer	CFO and COO	Direct	Sale	51,889	55.10	$2,859,083.90	470,602	4
2025-06-04	Van, Den Bosch Fred	Director	-	Direct	Sale	6,000	50.00	$300,000.00	131,666	4
2024-11-13	Melamed, Guy	Officer	CFO and COO	Direct	Sale	91,345	53.89	$4,922,582.05	504,598	4
2024-10-15	O'Boyle, James	Officer	Vice Chairman - Sales	Direct	Sale	50,000	59.76	$2,988,000.00	444,114	4
2024-08-06	O'Boyle, James	Officer	Vice Chairman - Sales	Direct	Sale	75,000	51.07	$3,830,250.00	494,114	4
2024-05-10	Faitelson, Yakov	Director,Officer	CEO, President, Chairman	Direct	Sale	47,457	44.53	$2,113,260.21	1,452,922	4
2024-02-29	Iohan, Gili	Director	-	Direct	Sale	19,500	50.54	$985,530.00	19,263	4
2024-02-12	Kess, Avrohom J.	Director	-	Direct	Purchase	230	51.75	$11,902.50	23,262	4
2024-02-09	Bass, David	Officer	EVP Engineering and CTO	Direct	Sale	13,675	51.83	$708,775.25	637,997	4
2024-02-09	Segev, Ofer	Director	-	Direct	Sale	5,000	52.13	$260,650.00	75,682	4
2024-02-08	Melamed, Guy	Officer	CFO and COO	Direct	Sale	188,503	49.53	$9,336,553.59	645,876	4
2024-02-08	Gottlieb, Dov	Officer	VP and General Counsel	Direct	Sale	43,091	48.02	$2,069,229.82	227,654	4
2023-12-26	O'Boyle, James	Officer	SVP of Worldwide Sales	Direct	Sale	7,859	45.51	$357,663.09	414,159	4
2023-12-20	O'Boyle, James	Officer	SVP of Worldwide Sales	Direct	Sale	16,501	45.53	$751,290.53	422,018	4
2023-11-02	Bass, David	Officer	EVP Engineering & CTO	Direct	Sale	150,000	33.00	$4,950,000.00	500,756	4
2023-08-22	Bass, David	Officer	EVP Engineering & CTO	Direct	Sale	34,000	29.51	$1,003,340.00	650,756	4
2023-08-04	Kess, Avrohom J.	Director	-	Direct	Purchase	1,250	29.72	$37,150.00	23,032	4
2023-05-22	Kess, Avrohom J.	Director	-	Direct	Purchase	350	25.17	$8,809.50	21,782	4
2023-05-05	Kess, Avrohom J.	Director	-	Direct	Purchase	2,700	22.83	$61,641.00	21,432	4
2023-05-04	Faitelson, Yakov	Director,Officer	CEO, President, Chairman	Direct	Purchase	6,479	23.13	$149,859.27	702,997	4
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Institutional Ownership

No data available for chart

2026-03-31

86.96%

Inst. Shares: 100,684,394

Shares Outstanding: 115,788,061

2025-12-31

92.40%

Inst. Shares: 105,718,731

Shares Outstanding: 114,413,076

2025-09-30

94.67%

Inst. Shares: 108,849,508

Shares Outstanding: 114,974,455

2025-06-30

99.83%

Inst. Shares: 111,858,851

Shares Outstanding: 112,054,715

2025-03-31

96.72%

Inst. Shares: 108,957,238

Shares Outstanding: 112,651,178

Date	Institutional Shares Owned	Shares Outstanding	Institutional Ownership %
2026-03-31	100,684,394	115,788,061	86.96%
2025-12-31	105,718,731	114,413,076	92.40%
2025-09-30	108,849,508	114,974,455	94.67%
2025-06-30	111,858,851	112,054,715	99.83%
2025-03-31	108,957,238	112,651,178	96.72%
2024-12-31	107,941,840	111,660,541	96.67%
2024-09-30	100,909,369	112,268,210	89.88%
2024-06-30	102,711,725	111,885,305	91.80%
2024-03-31	98,725,642	109,990,177	89.76%
2023-12-31	98,567,544	109,141,894	90.31%
2023-09-30	93,944,205	109,429,722	85.85%
2023-06-30	96,653,875	109,740,289	88.08%
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VARONIS SYSTEMS INC (VRNS) — SEC Financial Statements & Analysis

VARONIS SYSTEMS INC (VRNS) is a services-prepackaged software company, incorporated in DE. VARONIS SYSTEMS INC trades on Nasdaq as: VRNS. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), VARONIS SYSTEMS INC reported a 15.61% year-over-year revenue growth, a Gross Profit Margin of 77.07% (TTM), a Debt-to-Equity ratio of 2.72x, a Price-to-Sales (P/S) ratio of 7.00x (TTM), a Price-to-Book (P/B) ratio of 10.84x (TTM), at a market cap of $4.82B. Figures below are sourced from SEC EDGAR, as-filed.

Net Revenue TTM Growth 1Y: 15.61%
Gross Profit Margin TTM: 77.07%
Debt To Equity: 2.72x
P/S TTM: 7.00x
P/B TTM: 10.84x
Market Cap: $4.82B

Data as of 2026-06-30 · Source: SEC EDGAR

Frequently Asked Questions

What industry is VARONIS SYSTEMS INC in?

VARONIS SYSTEMS INC (VRNS) operates in the Services-Prepackaged Software industry.

What is VRNS's market cap?

VARONIS SYSTEMS INC (VRNS) has a market capitalization of $4.82B as of 2026-06-30.

What exchange does VRNS trade on?

VARONIS SYSTEMS INC (VRNS) trades on the Nasdaq.

Where is VARONIS SYSTEMS INC incorporated?

VARONIS SYSTEMS INC is incorporated in DE.