Varonis Systems, Inc. logo

Varonis Systems, Inc.

VRNS

NASDAQTechnologySoftware - Infrastructure

Previous close

$41.23

+$0.38 · +0.93%

Aug 21, 4:00 PM ET

Pre-market

$41.23

$0.00 · 0.00%

Aug 24, 4:47 AM ET

VRNS company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

74

Undervalued

Momentum

65

Gaining

Sentiment

57

Mixed

Risk resilience

49

Elevated Risk

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Company profile

Company website

Varonis Systems, Inc. specializes in delivering software solutions and associated services designed to help large organizations oversee, analyze, identify threats in, and protect their critical digital information across North America, Europe, the Middle East, Africa, and other international markets. Their technology safeguards sensitive data, whether stored on-premises or in cloud environments, encompassing proprietary files and communications, private customer, patient, and employee information, financial documents, strategic plans, product roadmaps, and other intellectual assets. Among their offerings, DatAdvantage meticulously tracks, consolidates, standardizes, and evaluates every instance of data access by users across a wide array of platforms, such as Windows and UNIX/Linux servers, storage systems, email platforms, internal networks, cloud applications, and data repositories. Complementing this, DatAlert establishes profiles for users, devices, and their behaviors regarding systems and data. It is engineered to detect and issue warnings about unusual activities that could signal a breach, presenting this information via an intuitive web-based control panel for investigations. The Data Classification Engine is another key component, enabling the identification and categorization of data using predefined metadata criteria, supplying actionable insights to both business and IT teams. Furthermore, DataPrivilege simplifies data access management; it provides a self-service web portal where employees can request access to necessary data for their roles, and data owners can approve these requests directly, reducing the need for IT department involvement. Varonis also offers the Data Transport Engine, an execution platform that streamlines the management of data and metadata, converting strategic business decisions and directives into technical actions like data migration or archiving. Lastly, DatAnswers facilitates comprehensive search capabilities across an organization's entire digital data landscape. Varonis Systems, Inc. distributes its products and services through a robust network of authorized distributors and resellers. Their clientele primarily consists of IT professionals, security teams, and business leadership. Established in 2004, the company maintains its headquarters in New York, New York.

Industry
Software - Infrastructure
Sector
Technology
Headquarters
US
CEO
Yakov Faitelson
Listed since
Feb 28, 2014
Employees
2,658

Market position

Day range

Current $41.23

52-week range

Current $41.23

Open
$41.00
Previous close
$40.85
Volume
1.21M
0.55× average
Average volume
2.19M
Average daily volume
Market cap
4.74B USD
Beta
0.81
Market reference 1
50-day average
$41.9586
-1.74% below average
200-day average
$32.1264
+28.34% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
4.61B USD
P/E (TTM)
-33.8×
P/B (TTM)
10.69×
P/S (TTM)
6.88×
EV / EBITDA
-44.28×
Earnings yield
-3.05%
Free cash flow yield
3.18%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
77.07%
Operating margin
-21.99%
Net margin
-20.55%
Return on equity
-21.60%
Return on assets
-7.22%
Return on invested capital
-12.94%

Financial health

Debt / equity
1.16×
Current ratio
1.97×
Altman Z-score
1.97
Piotroski F-score
4 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends97%51%5%-42%Gross margin, FY2021: 84.77%Gross margin, FY2022: 85.26%Gross margin, FY2023: 85.63%Gross margin, FY2024: 82.97%Gross margin, FY2025: 79.14%Operating margin, FY2021: -27.58%Operating margin, FY2022: -24.79%Operating margin, FY2023: -26.34%Operating margin, FY2024: -19.39%Operating margin, FY2025: -23.50%Net margin, FY2021: -29.95%Net margin, FY2022: -26.29%Net margin, FY2023: -20.22%Net margin, FY2024: -17.38%Net margin, FY2025: -20.74%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 84.77%. Gross margin FY2022 85.26%. Gross margin FY2023 85.63%. Gross margin FY2024 82.97%. Gross margin FY2025 79.14%. Operating margin FY2021 -27.58%. Operating margin FY2022 -24.79%. Operating margin FY2023 -26.34%. Operating margin FY2024 -19.39%. Operating margin FY2025 -23.50%. Net margin FY2021 -29.95%. Net margin FY2022 -26.29%. Net margin FY2023 -20.22%. Net margin FY2024 -17.38%. Net margin FY2025 -20.74%.

Income trends

Revenue

623.53M USD+13.17%

Operating income

−146.51M USD-37.17%

Net income

−129.32M USD-35.04%
Income trends across reported periods700.54M USD392.52M USD84.5M USD−223.52M USDRevenue, FY2021: 390.13M USDRevenue, FY2022: 473.63M USDRevenue, FY2023: 499.16M USDRevenue, FY2024: 550.95M USDRevenue, FY2025: 623.53M USDOperating income, FY2021: −107.6M USDOperating income, FY2022: −117.41M USDOperating income, FY2023: −131.48M USDOperating income, FY2024: −106.81M USDOperating income, FY2025: −146.51M USDNet income, FY2021: −116.86M USDNet income, FY2022: −124.52M USDNet income, FY2023: −100.92M USDNet income, FY2024: −95.77M USDNet income, FY2025: −129.32M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 390.13M USD. Revenue FY2022 473.63M USD. Revenue FY2023 499.16M USD. Revenue FY2024 550.95M USD. Revenue FY2025 623.53M USD. Operating income FY2021 −107.6M USD. Operating income FY2022 −117.41M USD. Operating income FY2023 −131.48M USD. Operating income FY2024 −106.81M USD. Operating income FY2025 −146.51M USD. Net income FY2021 −116.86M USD. Net income FY2022 −124.52M USD. Net income FY2023 −100.92M USD. Net income FY2024 −95.77M USD. Net income FY2025 −129.32M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue623.53M USD550.95M USD499.16M USD473.63M USD390.13M USD
Cost of goods sold130.09M USD93.85M USD71.75M USD69.84M USD59.4M USD
Gross profit493.44M USD457.1M USD427.41M USD403.8M USD330.74M USD
Research and development237.81M USD196.77M USD183.84M USD177.88M USD137.88M USD
Selling, general, and administrative400.26M USD367.15M USD375.05M USD343.33M USD300.45M USD
Operating expenses638.07M USD563.91M USD558.89M USD521.21M USD438.33M USD
Interest income49.95M USD43.05M USD34.56M USD10.41M USD164K USD
Interest expense12.9M USD8.3M USD4.66M USD7.29M USD11.57M USD
Depreciation and amortization12.31M USD11.13M USD11.7M USD21.48M USD19.12M USD
Operating income−146.51M USD−106.81M USD−131.48M USD−117.41M USD−107.6M USD
Net income−129.32M USD−95.77M USD−100.92M USD−124.52M USD−116.86M USD

Company facts updated Aug 24, 2026.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$49.00

18.85% upside
Past 12 months12-month forecastHigh $58.00Average $49.00Low $37.00

Rating distribution

35 ratings
Strong buy00%
Buy2880%
Hold720%
Sell00%
Strong sell00%

VRNS news

Corporate actions

Corporate action history

Stock split

Effective Mar 15, 2021

3:1

VRNS peers

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Funds reporting this stock among their holdings, ordered by reported position size.

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