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VARONIS SYSTEMS INC VRNS

Nasdaq · stock · Services-Prepackaged Software · website · IPO 2014-02-28 · LEI

VARONIS SYSTEMS INC statistics & valuation

Market cap$3.9B
P / S6.2×
P / B6.5×
P / FCF28.8×
Net margin-20.7%
Return on equity-21.6%
FCF margin21.6%
Return on capital-12.9%

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Net margin (%)
-8.60% -6.40% -10.60% -31.00% -32.10% -30.00% -26.30% -20.20% -17.40% -20.70% 2016201720182019202020212022202320242025
Gross margin (%)
90.50% 90.40% 89.80% 86.20% 84.90% 84.80% 85.30% 85.60% 83.00% 78.80% 2016201720182019202020212022202320242025
Operating margin (%)
-7.20% -6.20% -10.80% -29.90% -26.80% -25.30% -25.60% -23.50% -21.40% -23.50% 2016201720182019202020212022202320242025
Return on equity (%)
-14.80% -12.10% -22.80% -84.20% -99.90% -19.60% -24.80% -20.60% -21.00% -21.60% 2016201720182019202020212022202320242025
Shares outstanding
80.5M 84.4M 88.7M 90.8M 95.5M 107.5M 109.3M 109.1M 112.6M 117.5M 2016201720182019202020212022202320242025
Net debt ($)
2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
-7.80% -5.60% -10.00% -24.70% -16.90% -10.50% -11.90% -9.10% -5.80% -7.20% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2.10% 5.10% 5.20% -14.20% -5.50% -0.80% 0.10% 10.90% 19.70% 21.60% 2016201720182019202020212022202320242025
Debt / equity (×)
2016201720182019202020212022202320242025
EPS ($)
-$0.87 -$1.00 -$1.11 -$1.14 -$0.92 -$0.86 -$1.13 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin78.8%83.0%85.6%85.3%84.8%84.9%86.2%89.8%90.4%90.5%
Operating margin-23.5%-21.4%-23.5%-25.6%-25.3%-26.8%-29.9%-10.8%-6.2%-7.2%
Net margin-20.7%-17.4%-20.2%-26.3%-30.0%-32.1%-31.0%-10.6%-6.4%-8.6%
FCF margin21.6%19.7%10.9%0.1%-0.8%-5.5%-14.2%5.2%5.1%2.1%
Return on assets-7.2%-5.8%-9.1%-11.9%-10.5%-16.9%-24.7%-10.0%-5.6%-7.8%
Return on equity-21.6%-21.0%-20.6%-24.8%-19.6%-99.9%-84.2%-22.8%-12.1%-14.8%
Current ratio1.971.242.503.964.532.301.351.771.941.94

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.