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) Return on invested capital

Alert me on Return on invested capital

Varonis Systems, Inc.'s return on invested capital over the twelve months to 30 June 2026 was −47.4%, up 23.1 percentage points from fiscal 2025 (−70.5%). Over the past ten years it has ranged from −431.0% (fiscal 2021) to 0.00% (fiscal 2018); 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%.

Return on invested capital, annual

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Annual newest first

Period Return on invested capital Change (points)
FY2025 −70.5% (48.68)
FY2024 −21.8% 13.70
FY2023 −35.5% 371.86
FY2022 −407.4% 23.64
FY2021 −431.0% (87.52)
FY2020 −343.5% (185.54)
FY2019 −157.9% (157.93)
FY2018 0.00% 0.00
FY2017 0.00% 0.00
FY2016 0.00% 0.00

Against its own ten years

Low −431.0% High 0.00%
Ten-year median −35.5%
Current reading's percentile 45

Return on invested capital against peers

Company Return on invested capital
RELY Remitly Global, Inc. compare 23.6%
ACIW ACI Worldwide, Inc. compare 9.84%
DOX Amdocs Limited compare 9.39%
BB BlackBerry Limited compare 8.56%
WEX WEX Inc. compare 0.00%
BOX Box, Inc. compare 0.00%
TENB Tenable Holdings, Inc. compare 0.00%
MBGL Mobility Global Inc. compare 0.00%
VRNS Varonis Systems, Inc. −47.4%
Software Infrastructure industry median 0.00%
Technology sector median 0.00%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

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