What is Varonis Systems's net margin?

Varonis Systems (VRNS) reported net margin of -19.7% in Q1 2026.

How has Varonis Systems's net margin changed year-over-year?

Varonis Systems's net margin decreased by 24.4% year-over-year, from -15.9% to -19.7%.

What is the long-term trend for Varonis Systems's net margin?

Over 5 years (2020 to 2025), Varonis Systems's net margin has grown at a -8.4% compound annual growth rate (CAGR), from -32.1% to -20.7%.

What does net margin mean?

Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.

Varonis Systems VRNS Net margin

Net margin at other companies

MicrosoftMSFT

39.3%+3.6pp

Palo Alto Networks, Inc.PANW

7.9%-6.0pp

CrowdStrike Holdings, Inc.CRWD

-6.7%-9.6pp

RubrikRBRK

-20.3%-7.8pp

Commvault SystemsCVLT

6%-1.7pp

SentinelOneS

-30.4%-8.4pp

Other financials

Income statement

See full

Revenue$173.1M+26.9%

Gross profit$131.6M+22.5%

Operating income-$44.5M-1.6%

Net income-$36.9M-3.0%

EPS (diluted)-$0.320.0%

Balance sheet

See full

Cash & equivalents$179.3M+17.1%

Total debt$69.4M-77.0%

Total equity$453.5M+23.3%

Total assets$1.6B+3.6%

Cash flow

See full

Operating cash flow$55.0M-19.1%

CapEx$5.0M+113%

Free cash flow$50.1M-23.7%

Valuation

See full

Market cap$3.83B-44.6%

Enterprise value$3.72B-48.7%

P/S5.8×-6.3×

Profitability

See full

Gross margin78.1%-4.2pp

Operating margin-22.3%+3.1pp

FCF margin18.1%-2.5pp

Returns & leverage

See full

Return on equity-31.8%+24.0pp

Debt / equity0.2×-0.7×

Current ratio1.7×+0.5×

Where this comes from

Calculated from Varonis Systems’s reported figures.

net income/total revenue=-19.7%

Based on trailing twelve months.

The official record: Varonis Systems’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

Ask your AI about Varonis Systems's net margin.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Varonis Systems's net margin?: Varonis Systems (VRNS) reported net margin of -19.7% in Q1 2026.
How has Varonis Systems's net margin changed year-over-year?: Varonis Systems's net margin decreased by 24.4% year-over-year, from -15.9% to -19.7%.
What is the long-term trend for Varonis Systems's net margin?: Over 5 years (2020 to 2025), Varonis Systems's net margin has grown at a -8.4% compound annual growth rate (CAGR), from -32.1% to -20.7%.
What does net margin mean?: Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.