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Varonis Systems VRNS Debt-to-equity

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Other financials

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$165.9M-16.7%
Total debt$75.1M-75.2%
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

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Market cap$4.87B-21.9%
Enterprise value$4.78B-24.6%
P/S7.1×-3.4×

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
Current ratio1.6×+0.3×

Where this comes from

Calculated from Varonis Systems’s reported figures.

Based on the most recent quarter.

The source filing: Varonis Systems’s 10-Q, filed July 29, 2026. Open the filing →

Filed
Jul 29, 2026, 4:20 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-050630

FAQ

What is Varonis Systems's debt-to-equity?
Varonis Systems (VRNS) reported debt-to-equity of 0.2× in Q2 2026.
How has Varonis Systems's debt-to-equity changed year-over-year?
Varonis Systems's debt-to-equity decreased by 80.9% year-over-year, from 0.9× to 0.2×.
What is the long-term trend for Varonis Systems's debt-to-equity?
Over 5 years (2020 to 2025), Varonis Systems's debt-to-equity has grown at a -29.6% compound annual growth rate (CAGR), from 0.7× to 0.1×.
What does debt-to-equity mean?
Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.

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