VRNS Stock - Varonis Systems, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $550.95M | $499.16M | $473.63M | $390.13M | $292.69M |
| Gross Profit | $457.10M | $427.41M | $403.80M | $330.74M | $248.43M |
| Gross Margin | 83.0% | 85.6% | 85.3% | 84.8% | 84.9% |
| Operating Income | $-106,810,000 | $-131,479,000 | $-117,410,000 | $-107,595,000 | $-78,415,000 |
| Net Income | $-95,765,000 | $-100,916,000 | $-124,518,000 | $-116,861,000 | $-94,010,000 |
| Net Margin | -17.4% | -20.2% | -26.3% | -30.0% | -32.1% |
| EPS | $-0.86 | $-0.92 | $-1.14 | $-1.11 | $-1.00 |
Varonis Systems, Inc. provides software products and services that allow enterprises to manage, analyze, alert, and secure enterprise data in North America, Europe, the Middle East, Africa, and internationally. Its software enables enterprises to protect data stored on premises and in the cloud, including sensitive files and emails; confidential personal data belonging to customers, and patients and employees' data; financial records; strategic and product plans; and other intellectual property. The company offers DatAdvantage that captures, aggregates, normalizes, and analyzes every data access event for users on Windows and UNIX/Linux servers, storage devices, email systems, Intranet servers, cloud applications, and data stores; and DatAlert that profiles users, devices, and their behaviors related to systems and data, detects and alerts on deviations that indicate compromise, and provides a Web-based dashboard and investigative interface. It also provides Data Classification Engine that identifies and tags data based on criteria set in various metadata dimensions, as well as provides business and information technology (IT) personnel with actionable intelligence about data; and DataPrivilege, which offers a self-service Web portal that allows users to request access to data necessary for their business functions, and owners to grant access without IT intervention. In addition, the company provides Data Transport Engine, which provides an execution engine that unifies the manipulation of data and metadata, translating business decisions, and instructions into technical commands, such as data migration or archiving; and DatAnswers that offers search functionality for enterprise data. Varonis Systems, Inc. sells products and services through a network of distributors and resellers. The company serves IT, security, and business personnel. Varonis Systems, Inc. was incorporated in 2004 and is headquartered in New York, New York.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| August 26th 2025 | B. Riley Securities | Initiation | Buy | $80 |
| August 11th 2025 | Wells Fargo | Upgrade | Overweight | $70 |
| July 24th 2025 | Jefferies | Upgrade | Buy | $65 |
| March 28th 2025 | Wolfe Research | Upgrade | Outperform | $50 |
| March 18th 2025 | Morgan Stanley | Resumed | Overweight | - |
| July 30th 2024 | Robert W. Baird | Upgrade | Outperform | $60← $52 |
| June 14th 2024 | JP Morgan | Upgrade | Overweight | $54← $50 |
| February 6th 2024 | Wedbush | Upgrade | Outperform | $65← $35 |
| January 18th 2024 | DA Davidson | Downgrade | Neutral | $45← $37 |
| December 15th 2023 | Susquehanna | Initiation | Positive | $55 |
| October 27th 2023 | JP Morgan | Upgrade | Neutral | $35← $27 |
| October 16th 2023 | Morgan Stanley | Upgrade | Overweight | $39← $34 |
| October 13th 2023 | Barclays | Upgrade | Overweight | $37← $35 |
| August 1st 2023 | Craig Hallum | Upgrade | Buy | - |
| May 18th 2023 | DA Davidson | Initiation | Buy | $30 |
Earnings History & Surprises
VRNSEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 4, 2026 | — | — | — | — |
Q1 2026 | Feb 3, 2026 | $0.03 | — | — | — |
Q4 2025 | Oct 28, 2025 | $0.05 | $0.06 | +10.7% | ✓ BEAT |
Q3 2025 | Jul 29, 2025 | $0.01 | $0.03 | +200.0% | ✓ BEAT |
Q2 2025 | May 6, 2025 | $-0.05 | $-0.31 | -520.0% | ✗ MISS |
Q1 2025 | Feb 4, 2025 | $0.14 | $0.18 | +28.6% | ✓ BEAT |
Q4 2024 | Oct 29, 2024 | $0.07 | $0.10 | +42.9% | ✓ BEAT |
Q3 2024 | Jul 29, 2024 | $0.01 | $0.05 | +344.8% | ✓ BEAT |
Q2 2024 | May 6, 2024 | $-0.09 | $-0.03 | +66.7% | ✓ BEAT |
Q1 2024 | Feb 5, 2024 | $0.23 | $0.27 | +17.4% | ✓ BEAT |
Q4 2023 | Oct 30, 2023 | $0.02 | $0.08 | +227.9% | ✓ BEAT |
Q3 2023 | Jul 31, 2023 | $0.02 | $0.01 | -49.2% | ✗ MISS |
Q2 2023 | May 1, 2023 | $-0.05 | $-0.33 | -560.0% | ✗ MISS |
Q1 2023 | Feb 6, 2023 | $0.17 | $0.21 | +23.5% | ✓ BEAT |
Q4 2022 | Oct 31, 2022 | $0.06 | $0.05 | -16.7% | ✗ MISS |
Q3 2022 | Aug 1, 2022 | $-0.17 | $-0.33 | -100.0% | ✗ MISS |
Q2 2022 | May 2, 2022 | $-0.10 | $-0.09 | +10.0% | ✓ BEAT |
Q1 2022 | Feb 7, 2022 | $0.13 | $0.16 | +23.1% | ✓ BEAT |
Q4 2021 | Nov 1, 2021 | $0.02 | $0.05 | +168.4% | ✓ BEAT |
Q3 2021 | Aug 2, 2021 | $-0.01 | $-0.01 | -68.6% | ✗ MISS |
Latest News
Varonis Systems Announces Integration With AWS Security Hub For Enhanced Proactive Threat Detection
📈 PositiveVaronis Integrates DSPM With Microsoft Purview To Give Organizations Unified Visibility And Stronger Data Risk Protection
📈 PositiveCitigroup Maintains Neutral on Varonis Systems, Lowers Price Target to $40
➖ NeutralDA Davidson Maintains Neutral on Varonis Systems, Lowers Price Target to $40
➖ NeutralRBC Capital Maintains Outperform on Varonis Systems, Lowers Price Target to $60
📈 PositiveUBS Maintains Buy on Varonis Systems, Lowers Price Target to $60
➖ NeutralTruist Securities Reiterates Buy on Varonis Systems, Lowers Price Target to $50
📈 PositiveSusquehanna Maintains Positive on Varonis Systems, Lowers Price Target to $50
➖ NeutralCantor Fitzgerald Maintains Overweight on Varonis Systems, Lowers Price Target to $60
➖ NeutralPiper Sandler Maintains Neutral on Varonis Systems, Lowers Price Target to $45
📉 NegativeBarclays Maintains Overweight on Varonis Systems, Lowers Price Target to $50
➖ NeutralVaronis Systems plunges amid weak guidance, Q3 revenue due to federal weakness
📉 NegativeVaronis Systems shares are trading lower after the company reported Q3 revenue below estimates and provided Q4 guidance below expectations.
📉 NegativeNeedham Maintains Buy on Varonis Systems, Lowers Price Target to $55
➖ NeutralVaronis Systems shares are trading lower after the company reported Q3 revenue below estimates and provided Q4 guidance below expectations.
📉 NegativeVaronis Systems Raises FY2025 Adj EPS Guidance from $0.11-$0.12 to $0.12-$0.13 vs $0.14 Est; Lowers FY2025 Sales Guidance from $616.000M-$628.000M to $615.200M-$621.200M vs $625.099M Est
➖ NeutralVaronis Systems Sees Q4 Adj EPS $0.02-$0.04 vs $0.05 Est; Sees Sales $165.000M-$171.000M vs $170.129M Est
📉 NegativeVaronis Systems Q3 Adj. EPS $0.06, Inline, Sales $161.577M Miss $166.149M Estimate
📉 NegativeVaronis Systems Authorizes $150M Share Repurchase Program
📈 PositiveJP Morgan Maintains Overweight on Varonis Systems, Raises Price Target to $79
📈 PositiveFrequently Asked Questions about VRNS
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