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) Price to free cash flow

Alert me on Price to free cash flow

As of 3 November 2026, Varonis Systems, Inc. (VRNS) trades at a price to free cash flow of 47.4×. Over the past ten years it has ranged from 0.0× (December 2022) to 6,292× (February 2023); the current reading is higher than 48% of that period. That is above the Software Infrastructure industry median of 17.3× and above the Technology sector median of 20.0×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 28.4× (37.78%)
FY2024 45.7× (48.89%)
FY2023 89.5× (98.31%)
FY2022 5,297× —
FY2021 0.0× —
FY2020 0.0× —
FY2019 0.0× —
FY2018 110× (9.84%)
FY2017 122× (40.38%)
FY2016 204× —

Quarterly newest first

Period Price to free cash flow Change
Jun 2026 40.7× 89.37%
Mar 2026 21.5× (24.41%)
Dec 2025 28.4× (43.39%)
Sep 2025 50.3× 9.44%
42 more quarters

Against its own ten years

Low 0.0× High 6,292×
Ten-year median 51.7×
Current reading's percentile 48

Price to free cash flow against peers

Company Price to free cash flow
MBGL Mobility Global Inc. compare n/m
WEX WEX Inc. compare n/m
DOX Amdocs Limited compare 10.1×
RELY Remitly Global, Inc. compare 14.3×
BOX Box, Inc. compare 17.0×
TENB Tenable Holdings, Inc. compare 19.2×
ACIW ACI Worldwide, Inc. compare 20.9×
VRNS Varonis Systems, Inc. 47.4×
BB BlackBerry Limited compare 56.1×
Software Infrastructure industry median 17.3×
Technology sector median 20.0×
Market median 14.2×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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