Varonis Systems, Inc.

VRNS Technology Software Infrastructure

Varonis Systems, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $623.5 million, up 13.2% from fiscal 2024.

Revenue
+18.3%
EPS
−28.1%
Free cash flow
+15.6%
Total debt
+0.45%

Quarter to June 2026, against a year earlier

48.88 0.13 +0.27%
Market cap
$5.7B
P/E
0.0×
Fwd P/E
−37.6×
Dividend yield
—
F-score
4/9
Altman Z
1.71
Beneish M
−3.08
Dividend safety
n/a

Varonis Systems, Inc. (VRNS) Net margin

Alert me on Net margin

Varonis Systems, Inc.'s net margin over the twelve months to 30 June 2026 was −20.6%, up 0.2 percentage points from fiscal 2025 (−20.7%). Over the past ten years it has ranged from −32.1% (fiscal 2020) to −6.43% (fiscal 2017); the current reading is higher than 45% of that period. That is below the Software Infrastructure industry median of 0.00% and below the Technology sector median of 0.00%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 −20.7% (3.36)
FY2024 −17.4% 2.84
FY2023 −20.2% 6.07
FY2022 −26.3% 3.66
FY2021 −30.0% 2.17
FY2020 −32.1% (1.13)
FY2019 −31.0% (20.42)
FY2018 −10.6% (4.14)
FY2017 −6.43% 2.13
FY2016 −8.56% 8.17

Quarterly newest first

Period Net margin Change (points)
Jun 2026 −26.0% (4.71)
Mar 2026 −21.3% (5.27)
Dec 2025 −16.0% 2.51
Sep 2025 −18.5% 5.01
42 more quarters

Against its own ten years

Low −32.1% High −6.43%
Ten-year median −20.2%
Current reading's percentile 45

Net margin against peers

Company Net margin
RELY Remitly Global, Inc. compare 16.9%
WEX WEX Inc. compare 14.0%
BB BlackBerry Limited compare 13.1%
ACIW ACI Worldwide, Inc. compare 12.4%
DOX Amdocs Limited compare 9.56%
BOX Box, Inc. compare 8.14%
TENB Tenable Holdings, Inc. compare 1.48%
VRNS Varonis Systems, Inc. −20.6%
MBGL Mobility Global Inc. compare —
Software Infrastructure industry median 0.00%
Technology sector median 0.00%
Market median 1.22%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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