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Varonis Systems, Inc.

VRNSTechnologyNASDAQ

Software - Infrastructure · Last scanned Jun 3, 2026

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Financials · Annual
Revenue
$623.5M
+13.2% YoY
Net Income
-$129.3M
-35.0% YoY
EBITDA
-$97.4M
-44.8% YoY
Free Cash Flow
$179.4M

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About Varonis Systems, Inc.

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,. Valued at $4.21B, VRNS is a mid-cap name in its sector. 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.

Key stats
Market Cap$4.21B
Fwd P/E94.28
EPS$-1.13
Beta0.80
52W Change-28.2%
ROE-31.8%
Analysis

With $785.9M in cash and $522.2M in debt, VRNS maintains more liquidity than leverage. This favorable balance sheet position can be an asset when capital markets become less accommodating. The company generates $179.4M in free cash flow annually, which funds everything from R&D to shareholder returns without needing external financing. ROE of -31.8% points to negative capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. Revenue has grown from $473.6M (2022) to $623.5M (2025), reflecting a 32% increase over the period.

Investors considering Varonis Systems, Inc. should weigh the typical risks associated with VRNS's sector, size, and financial profile against their own risk tolerance and investment objectives. No single metric tells the full story. Reviewing VRNS's risk profile alongside its fundamentals and technical indicators provides a more complete picture.

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