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Varonis Systems, Inc. VRNS

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48.96 USD +0.21 (+0.43%)

At closeNov 3, 2026, 4:00 PM EST

48.32 -0.64 -1.31%

After hours · Nov 3, 4:00 PM ET

48.75 Day range 48.96
19.70 52-week range 50.31
YTD
+49.27%
1 year
+35.74%

Financial health

Altman Z-Score

4.46 Safe zone

Bankruptcy-risk model: below 1.81 distress, above 2.99 safe.

Piotroski F-Score

3 / 9 Weak

Nine pass/fail tests of profitability, leverage and efficiency.

FMP rating

C-1 / 5 overall

  • DCF 4
  • Return on Equity 1
  • Return on Assets 1
  • Debt / Equity 1
  • P/E 1
  • P/B 1

Valuation

P/E -29.0×
FY 2016: -40.6×FY 2017: -95.2×FY 2018: -53.4×FY 2019: -29.8×FY 2020: -54.5×FY 2021: -43.9×FY 2022: -21.0×FY 2023: -49.2×FY 2024: -51.7×FY 2025: -29.0×
FY 2016 5y median -43.9× FY 2025
P/S 6.8×
FY 2016: 4.3×FY 2017: 6.1×FY 2018: 5.7×FY 2019: 9.2×FY 2020: 17.6×FY 2021: 13.2×FY 2022: 5.5×FY 2023: 9.9×FY 2024: 9.0×FY 2025: 6.8×
FY 2016 5y median 9.0× FY 2025
P/B 7.1×
FY 2016: 8.6×FY 2017: 13.1×FY 2018: 12.2×FY 2019: 25.1×FY 2020: 54.7×FY 2021: 8.6×FY 2022: 5.2×FY 2023: 10.1×FY 2024: 10.9×FY 2025: 7.1×
FY 2016 5y median 8.6× FY 2025
P/FCF 31.4×
FY 2016: 201×FY 2017: 121×FY 2018: 110×FY 2019: -65.2×FY 2020: -322×FY 2021: -1551×FY 2022: 5508×FY 2023: 91.0×FY 2024: 45.7×FY 2025: 31.4×
FY 2016 5y median 45.7× FY 2025
EV/EBITDA -44.3×
FY 2016: -46.3×FY 2017: -169×FY 2018: -62.4×FY 2019: -38.5×FY 2020: -84.0×FY 2021: -57.8×FY 2022: -31.3×FY 2023: -71.2×FY 2024: -87.0×FY 2025: -44.3×
FY 2016 5y median -57.8× FY 2025
EV/Sales 7.4×
FY 2016: 4.0×FY 2017: 5.9×FY 2018: 5.5×FY 2019: 9.2×FY 2020: 17.7×FY 2021: 11.9×FY 2022: 5.4×FY 2023: 10.1×FY 2024: 10.0×FY 2025: 7.4×
FY 2016 5y median 10.0× FY 2025
FCF Yield 3.2%
FY 2016: 0.5%FY 2017: 0.8%FY 2018: 0.9%FY 2019: -1.5%FY 2020: -0.3%FY 2021: -0.1%FY 2022: 0.0%FY 2023: 1.1%FY 2024: 2.2%FY 2025: 3.2%
FY 2016 5y median 1.1% FY 2025

Profitability

Gross Margin 79.1%
FY 2016: 90.4%FY 2017: 90.4%FY 2018: 89.8%FY 2019: 86.2%FY 2020: 84.9%FY 2021: 84.8%FY 2022: 85.3%FY 2023: 85.6%FY 2024: 83.0%FY 2025: 79.1%
FY 2016 5y median 84.8% FY 2025
Operating Margin -23.5%
FY 2016: -9.5%FY 2017: -6.2%FY 2018: -10.8%FY 2019: -29.9%FY 2020: -26.8%FY 2021: -27.6%FY 2022: -24.8%FY 2023: -26.3%FY 2024: -19.4%FY 2025: -23.5%
FY 2016 5y median -24.8% FY 2025
Net Margin -20.7%
FY 2016: -10.8%FY 2017: -6.4%FY 2018: -10.6%FY 2019: -31.0%FY 2020: -32.1%FY 2021: -30.0%FY 2022: -26.3%FY 2023: -20.2%FY 2024: -17.4%FY 2025: -20.7%
FY 2016 5y median -20.7% FY 2025
ROE -21.6%
FY 2016: -21.4%FY 2017: -13.6%FY 2018: -22.8%FY 2019: -84.2%FY 2020: -99.9%FY 2021: -19.6%FY 2022: -24.8%FY 2023: -20.6%FY 2024: -21.0%FY 2025: -21.6%
FY 2016 5y median -21.0% FY 2025
ROIC -12.9%
FY 2016: -16.8%FY 2017: -10.4%FY 2018: -21.0%FY 2019: -47.9%FY 2020: -21.0%FY 2021: -11.9%FY 2022: -14.2%FY 2023: -16.3%FY 2024: -8.8%FY 2025: -12.9%
FY 2016 5y median -12.9% FY 2025
ROA -7.2%
FY 2016: -9.7%FY 2017: -5.6%FY 2018: -10.0%FY 2019: -24.7%FY 2020: -16.9%FY 2021: -10.5%FY 2022: -11.9%FY 2023: -9.1%FY 2024: -5.8%FY 2025: -7.2%
FY 2016 5y median -9.1% FY 2025

Growth (YoY)

Revenue 13.2%
FY 2016: 29.3%FY 2017: 32.2%FY 2018: 24.3%FY 2019: -6.0%FY 2020: 15.1%FY 2021: 33.3%FY 2022: 21.4%FY 2023: 5.4%FY 2024: 10.4%FY 2025: 13.2%
FY 2016 FY 2025
Operating Income -37.2%
FY 2016: 17.7%FY 2017: 14.5%FY 2018: -117.1%FY 2019: -160.8%FY 2020: -3.2%FY 2021: -37.2%FY 2022: -9.1%FY 2023: -12.0%FY 2024: 18.8%FY 2025: -37.2%
FY 2016 FY 2025
EPS (diluted) -31.4%
FY 2016: 21.4%FY 2017: 22.7%FY 2018: -94.1%FY 2019: -163.6%FY 2020: -14.9%FY 2021: -11.0%FY 2022: -2.7%FY 2023: 19.3%FY 2024: 6.5%FY 2025: -31.4%
FY 2016 FY 2025
Free Cash Flow 24.2%
FY 2016: 148.5%FY 2017: 213.4%FY 2018: 26.5%FY 2019: -358.4%FY 2020: 55.8%FY 2021: 79.2%FY 2022: 114.3%FY 2023: 11335.2%FY 2024: 99.8%FY 2025: 24.2%
FY 2016 FY 2025

Financial Health

Current Ratio 2.0×
FY 2016: 1.9×FY 2017: 1.9×FY 2018: 1.7×FY 2019: 1.3×FY 2020: 2.2×FY 2021: 4.4×FY 2022: 3.9×FY 2023: 2.4×FY 2024: 1.2×FY 2025: 2.0×
FY 2016 5y median 2.4× FY 2025
Quick Ratio 2.0×
FY 2016: 1.9×FY 2017: 1.9×FY 2018: 1.7×FY 2019: 1.3×FY 2020: 2.2×FY 2021: 4.4×FY 2022: 3.9×FY 2023: 2.4×FY 2024: 1.2×FY 2025: 2.0×
FY 2016 5y median 2.4× FY 2025
Debt / Equity 1.0×
FY 2016: 0.0×FY 2017: 0.0×FY 2018: 0.0×FY 2019: 0.6×FY 2020: 2.9×FY 2021: 0.5×FY 2022: 0.6×FY 2023: 0.6×FY 2024: 1.7×FY 2025: 1.0×
FY 2016 5y median 0.6× FY 2025
Net Debt / EBITDA -3.6×
FY 2016: 3.4×FY 2017: 7.5×FY 2018: 2.0×FY 2019: 0.2×FY 2020: -0.6×FY 2021: 6.3×FY 2022: 0.6×FY 2023: -1.1×FY 2024: -8.9×FY 2025: -3.6×
FY 2016 5y median -1.1× FY 2025
Interest Coverage -11.4×
FY 2016: -105×FY 2017: -72.5×FY 2018: -149×FY 2019: -371×FY 2020: -14.8×FY 2021: -9.3×FY 2022: -16.1×FY 2023: -28.2×FY 2024: -12.9×FY 2025: -11.4×
FY 2016 5y median -12.9× FY 2025

Dividends

Dividend Yield 0.0%
FY 2016: 0.0%FY 2017: 0.0%FY 2018: 0.0%FY 2019: 0.0%FY 2020: 0.0%FY 2021: 0.0%FY 2022: 0.0%FY 2023: 0.0%FY 2024: 0.0%FY 2025: 0.0%
FY 2016 5y median 0.0% FY 2025
Payout Ratio 0.0%
FY 2016: 0.0%FY 2017: 0.0%FY 2018: 0.0%FY 2019: 0.0%FY 2020: 0.0%FY 2021: 0.0%FY 2022: 0.0%FY 2023: 0.0%FY 2024: 0.0%FY 2025: 0.0%
FY 2016 5y median 0.0% FY 2025

Annual · latest fiscal year ends 2025-12-31