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Varonis Systems VRNS Q4 2024 Annual earnings

Reported February 4, 2025 · After market close

Revenue$158.5MBeat by $25.6M
EPS$0.18Beat by $0.04
Revenue estimate$132.9M
EPS estimate$0.14

Next report

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

Financials

Q4 2024

Income statement

See full
Revenue$158.5M+2.9%
Gross profit$132.5M-1.7%
Operating income-$17.6M-235%
Net income-$13.0M-1,347%
EPS (diluted)-$0.12-1,100%

Balance sheet

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Cash & equivalents$185.6M-19.6%
Total debt$304.2M+396%
Total equity$455.7M-6.9%
Total assets$1.7B+50.8%

Cash flow

See full
Operating cash flow$24.3M+132%
CapEx$4.4M+102%
Free cash flow$19.9M+140%

Valuation & ratios

Valuation

as of 12/31/24
See full
Market cap$5B+1.2%
Enterprise value$5.12B+7.3%
P/S9.1×-0.8×

Profitability

See full
Gross margin83%-2.7pp
Operating margin-21.4%-1.8pp
Net margin-17.4%-2.1pp
FCF margin19.7%+8.8pp

Returns & leverage

See full
Return on equity-20.3%-0.1pp
Debt / equity0.7×+0.5×
Current ratio1.2×-1.3×

Segments

By product

See full
SaaS$72.2M
Term license subscriptions$66.8M-37.1%
Maintenance and services$19.5M-21.7%

By geography

See full
EMEA$33.1M-6.4%
Rest of the World$9.0M-56.9%

By segment

See full
Term License Subscriptions, SaaS Revenues and Maintenance and Services Fees$158.5M+27.0%

Versus estimates

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Questions, answered.

When did Varonis Systems report Q4 2024 earnings?
Varonis Systems (VRNS) reported Q4 2024 earnings on February 4, 2025 after market close.
What were Varonis Systems's Q4 2024 revenue and EPS?
Varonis Systems reported revenue of $158.5M and eps of $0.18 for Q4 2024.
Did Varonis Systems beat estimates in Q4 2024?
Revenue beat the consensus estimate of $132.9M by $25.6M. EPS beat the consensus estimate of $0.14 by $0.04.
Where can I find Varonis Systems's Q4 2024 SEC filings?
You can read the 10-K periodic report (0001628280-25-004187) directly on SEC EDGAR. The filing index links above go to sec.gov.