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Varonis Systems VRNS Stock-Based Comp

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Segments

By segment

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Term License Subscriptions, SaaS Revenues and Maintenance and Services Fees$34.62M+2.2%

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
Debt / equity0.2×-0.7×
Current ratio1.6×+0.3×

Where this comes from

Reported directly by Varonis Systems in its filing.

Tagged under the XBRL concept us-gaap:ShareBasedCompensation.

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

Filed
Jul 29, 2026, 4:20 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-050630
Line itemSix Months Ended June 30, 2026Six Months Ended June 30, 2025
Net loss$(83,663)$(71,607)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization11,5354,988
Stock-based compensation68,35866,114
Amortization of deferred commissions30,57025,141
Non-cash operating lease costs5,4014,952
Amortization of debt issuance costs1,0191,774
Amortization of premium and accretion of discount on marketable securities, net1,511414

Item 1. Financial Statements

FAQ

What is Varonis Systems's stock-based comp?
Varonis Systems (VRNS) reported stock-based comp of $34.62M in Q2 2026.
How has Varonis Systems's stock-based comp changed year-over-year?
Varonis Systems's stock-based comp increased by 2.2% year-over-year, from $33.86M to $34.62M.
What is the long-term trend for Varonis Systems's stock-based comp?
Over 4 years (2021 to 2025), Varonis Systems's stock-based comp has grown at a 4.4% compound annual growth rate (CAGR), from $109.78M to $130.24M.
What does stock-based comp mean?
Total non-cash stock-based compensation expense for equity awards (RSUs, options, ESPP), added back to net income in cash flow reconciliation.

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