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Varonis Systems VRNS Return on invested capital

Return on invested capital at other companies

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Other financials

Income statement

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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

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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

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Operating cash flow$55.0M-19.1%
CapEx$5.0M+113%
Free cash flow$50.1M-23.7%

Valuation

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Market cap$3.83B-44.6%
Enterprise value$3.72B-48.7%
P/S5.8×-6.3×

Profitability

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Gross margin78.1%-4.2pp
Operating margin-22.3%+3.1pp
Net margin-19.7%+6.4pp
FCF margin18.1%-2.5pp

Returns & leverage

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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.

Based on trailing twelve months.

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

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Questions, answered.

What is Varonis Systems's return on invested capital?
Varonis Systems (VRNS) reported return on invested capital of -34.2% in Q1 2026.
How has Varonis Systems's return on invested capital changed year-over-year?
Varonis Systems's return on invested capital decreased by 32.4% year-over-year, from -25.9% to -34.2%.
What is the long-term trend for Varonis Systems's return on invested capital?
Over 2 years (2023 to 2025), Varonis Systems's return on invested capital has grown at a -20.8% compound annual growth rate (CAGR), from -44.9% to -28.2%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.