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Varonis Systems

VRNS

Varonis Systems is a data security company that provides a unified platform to protect sensitive enterprise information across cloud, SaaS, and on-premises environments.

Market cap
$5.36B-16.2%
Revenue$688.1M+15.6%
Net income-$141.4M-37.4%
Free cash flow$121.9M-2.3%
EPS (diluted)-$1.22-32.6%
Trailing twelve months · change vs. prior year

Earnings

Next report

Oct 27, 2026 (in 3 months)
Revenue estimate$186.1M
EPS estimate$0.02

Financials

Q2 2026

Income statement

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Revenue$180.0M+18.3%
Gross profit$135.5M+12.1%
Operating income-$40.6M-11.2%
Net income-$46.8M-30.7%
EPS (diluted)-$0.41-28.1%

Balance sheet

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Cash & equivalents$233.6M+17.3%
Total debt$62.9M-79.2%
Total equity$444.5M+30.2%
Total assets$1.7B+2.4%

Cash flow

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Operating cash flow$25.1M+17.5%
CapEx$4.4M+29.7%
Free cash flow$20.7M+15.2%

Valuation & ratios

Valuation

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Market cap$5.36B-16.2%
Enterprise value$5.19B-16.2%
P/S7.8×-2.4×

Profitability

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Gross margin77.1%-4.4pp
Operating margin-22%+1.8pp
Net margin-20.5%+4.8pp
FCF margin17.7%-3.2pp

Returns & leverage

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Return on equity-36%+23.8pp
Debt / equity0.1×-0.7×
Current ratio1.6×+0.3×

Segments

By product

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SaaS$171.7M+62.2%

Competitors

Profile

Varonis Systems is a data security company that provides a unified platform to protect sensitive enterprise information across cloud, SaaS, and on-premises environments. The company's core value proposition centers on reducing an organization's 'blast radius' by automating data discovery, classification, and the remediation of excessive access permissions. By analyzing metadata and user behavior, Varonis enables organizations to secure data at scale, detect threats like ransomware, and maintain compliance in increasingly complex AI-driven environments.

Competitive position

Varonis is a leading provider of data-centric security, differentiating itself through automated remediation and a metadata-driven approach that scales across hybrid-cloud environments.

GeographiesNorth America, Europe, Middle East, Africa, Asia-Pacific
Customer segmentsEnterprise, Financial Services, Public Sector, Healthcare
Business modelSubscription SaaS, Managed Services, B2B
SuppliersCloud infrastructure providers, Software developers, Hardware manufacturers
CustomersGlobal 2000 companies, Managed service providers, Value-added resellers
Listed2014
Employees2.2K
CEOYakov Faitelson
FilingsSEC EDGAR

Questions, answered.

What is Varonis Systems's market cap?
Varonis Systems (VRNS) has a market capitalization of $5.4B and trades on NASDAQ.
What is Varonis Systems's revenue and profitability?
Varonis Systems generated $688.1M in trailing twelve-month revenue with a net loss of $141.4M, representing a net margin of -20.5%. Gross margin stands at 77.1%, with free cash flow of $121.9M. These figures are based on the Q2 2026 filing.
Who are Varonis Systems's competitors?
Varonis Systems's key competitors include Palo Alto Networks, Microsoft, CrowdStrike, and others. These companies compete in similar markets and product categories.
Who does Varonis Systems partner with?
Varonis Systems's notable partners include Microsoft, Salesforce, Google, and others.
What subsidiaries does Varonis Systems have?
Varonis Systems's subsidiaries include Cyral, Inc., SlashNext, Inc..
Where is Varonis Systems headquartered?
Varonis Systems is headquartered in United States of America and employs approximately 2,233 people. It has been publicly traded since 2014.