What are Varonis Systems's profit margins?

Varonis Systems (VRNS) runs a 78.1% gross margin and a -22.3% operating margin, with a -19.7% net margin.

Where do Varonis Systems's ratios come from?

Every ratio is computed from Varonis Systems's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Varonis Systems VRNS Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Profitability
Gross margin	78.8%-4.1pp	83%-2.7pp	85.6%+0.4pp	85.3%+0.5pp
Operating margin	-23.5%-2.1pp	-21.4%+2.1pp	-23.5%+2.1pp	-25.6%-0.3pp
Net margin	-20.7%-3.4pp	-17.4%+2.8pp	-20.2%+6.1pp	-26.3%+3.7pp
EBITDA margin	-21.5%-2.2pp	-19.3%+1.8pp	-21.1%+1.9pp	-23%-0.5pp
Free cash flow margin	21.6%+1.9pp	19.7%+8.8pp	10.9%—	——
Returns
Return on equity	-24.5%-4.3pp	-20.3%+0.1pp	-20.4%+2.3pp	-22.7%+11.2pp
Return on assets	-7.5%-0.6pp	-6.9%+2.5pp	-9.4%+2.2pp	-11.6%+2.5pp
Return on invested capital	-28.2%-1.9pp	-26.3%+18.6pp	-44.9%—	——
Efficiency
Asset turnover	0.4×0.0×	0.4×-0.1×	0.5×0.0×	0.4×0.0×
Liquidity
Current ratio	2×+0.7×	1.2×-1.3×	2.5×-1.5×	4×-0.6×
Quick ratio	2×+0.7×	1.2×-1.3×	2.5×-1.5×	4×-0.6×
Cash ratio	0.3×0.0×	0.3×-0.5×	0.8×-0.9×	1.6×-2.2×
Leverage
Debt-to-equity	0.1×-0.6×	0.7×+0.5×	0.1×0.0×	0.1×0.0×
Debt-to-assets	0×-0.1×	0.2×+0.1×	0.1×0.0×	0.1×0.0×
Per Share
Book value per share	$5.23+28.2%	$4.08-9.0%	$4.49-2.4%	$4.59-18.9%
Valuation
Market capitalization	$3.87B-22.6%	$5B+1.2%	$4.94B+87.1%	$2.64B-49.6%
Enterprise value	$3.73B-27.0%	$5.12B+7.3%	$4.77B+104%	$2.34B-48.1%
Price / sales	6.2×-2.9×	9.1×-0.8×	9.9×+4.3×	5.6×-7.8×
Price / book	6.5×-4.5×	11×+0.9×	10.1×+4.8×	5.3×-3.5×
EV / sales	6×-3.3×	9.3×-0.3×	9.5×+4.6×	4.9×-6.6×
Free cash flow yield	3.5%+1.3pp	2.2%+1.1pp	1.1%—	——
Earnings yield	-3.3%-1.4pp	-1.9%+0.1pp	-2%+2.7pp	-4.7%-2.5pp

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Questions, answered.

What are Varonis Systems's profit margins?: Varonis Systems (VRNS) runs a 78.1% gross margin and a -22.3% operating margin, with a -19.7% net margin.
Where do Varonis Systems's ratios come from?: Every ratio is computed from Varonis Systems's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.