YOLFTbeta
Varonis Systems

Varonis Systems

VRNS · NASDAQ · Technology / Software - Infrastructure

48.94USD-0.13 (-0.26%)

Price History

Full chart

Market Stats

Previous Close49.07
Open49.13
Day Range48.88 – 49.14
52-Week Range19.70 – 63.90
Volume4.02M
Market Cap5.50B
P/E (TTM)0.00
Forward P/E140.85
EPS-1.27
Dividend Yield0.00%
Beta0.82
50-Day Avg44.53
200-Day Avg33.72

About

Varonis Systems, Inc. provides software products and services that continuously discover and classify critical data, remediate exposures, and detect advanced threats with AI-powered technology in North America, Europe, APAC, and rest of worlds. The company offers Varonis Data Security Platform, a Software-as-a-Service solution which includes Data security posture management, Data access intelligence, Data discovery & classification, Discovery policy library, least privilege automation, Data activity monitoring, Data detection and response, and User & entity behavior analytics. It also provides Protection Packages, such as Microsoft 365, Windows & NAS, Hybrid, and Cloud Environments, as well as Database and Email Security Capabilities and On-Premises Subscription Products. It serves the financial services, public, healthcare, industrial, insurance, energy and utilities, technology, construction and engineering, education, and consumer and retail industries. Varonis Systems, Inc. was incorporated in 2004 and is headquartered in Miami, Florida.

Company Details

  • SectorTechnology
  • IndustrySoftware - Infrastructure
  • CEOMr. Yakov Faitelson
  • Employees2.66K
  • Headquarters801 Brickell Avenue, Miami, FL, United States, 33131, USA
  • Websitehttps://www.varonis.com

Leadership

  • Mr. Yakov FaitelsonCo-Founder, Chairman, CEO & President · b. 1975
  • Mr. Ohad KorkusCo-Founder & Director · b. 1979
  • Mr. Guy Melamed CPACFO & COO · b. 1980
  • Mr. David BassExecutive VP of Engineering & CTO · b. 1978
  • Mr. Dov GottliebVP, General Counsel & Corporate Secretary · b. 1976
  • Mr. Gregory PomeroySenior Vice President of Worldwide Sales · b. 1973
  • Mr. Gilad RazChief Information Officer & VP of Technical Services · b. 1976
  • Mr. Tim Perz CPAVice President of Investor Relations
  • Mr. James O'BoyleVice Chairman of Sales · b. 1964
  • Mr. Rob SobersChief Marketing Officer

Financials

Income Statement

Currency: USD2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue28.86M39.78M53.41M74.62M101.35M127.21M164.46M217.36M270.29M254.19M292.69M390.13M473.63M499.16M550.95M623.53M
Growth (%)-+37.81%+34.27%+39.70%+35.83%+25.52%+29.28%+32.17%+24.35%-5.96%+15.15%+33.29%+21.40%+5.39%+10.38%+13.17%
Cost of Revenue2.40M3.52M4.93M6.48M9.91M12.02M15.84M20.87M27.68M35.14M44.26M59.40M69.84M71.75M93.85M130.09M
Gross Profit26.47M36.26M48.48M68.14M91.44M115.19M148.61M196.49M242.60M219.05M248.43M330.74M403.80M427.41M457.10M493.44M
Gross Margin91.70%91.14%90.77%91.32%90.22%90.55%90.37%90.40%89.76%86.17%84.88%84.77%85.26%85.63%82.97%79.14%
Operating Expense27.66M39.66M50.04M73.98M108.75M134.26M164.31M209.91M271.74M295.03M326.84M438.33M525.03M544.63M563.91M639.96M
Operating Income-1.19M-3.40M-1.55M-5.84M-17.31M-19.07M-15.69M-13.42M-29.14M-75.99M-78.42M-107.59M-121.23M-117.22M-106.81M-146.51M
Operating Margin-4.11%-8.55%-2.91%-7.83%-17.08%-14.99%-9.54%-6.17%-10.78%-29.89%-26.79%-27.58%-25.60%-23.48%-19.39%-23.50%
EBITDA-2.07M-2.46M-4.05M-6.17M-17.43M-18.98M-14.25M-7.54M-23.81M-60.83M-61.71M-80.15M-109.05M-117.22M-63.58M-104.01M
EBITDA Margin-7.19%-6.17%-7.58%-8.27%-17.19%-14.92%-8.66%-3.47%-8.81%-23.93%-21.08%-20.54%-23.02%-23.48%-11.54%-16.68%
Net Income-2.76M-3.80M-4.85M-7.47M-19.40M-21.28M-17.71M-13.84M-28.58M-78.76M-94.01M-116.86M-124.52M-100.92M-95.77M-129.32M
Net Income Margin-9.57%-9.55%-9.07%-10.02%-19.14%-16.73%-10.77%-6.37%-10.57%-30.99%-32.12%-29.95%-26.29%-20.22%-17.38%-20.74%
R&D7.74M13.05M15.03M20.97M28.09M31.79M36.66M47.37M69.97M80.76M99.36M137.88M177.88M183.84M196.76M237.81M
R&D as % of Total Revenue26.80%32.80%28.15%28.11%27.71%24.99%22.29%21.79%25.89%31.77%33.95%35.34%37.56%36.83%35.71%38.14%
Interest Expense270.00K666.00K86.00K149.00K311.00K142.00K149.00K185.00K195.00K205.00K5.29M11.57M3.17M3.20M8.30M12.90M
Interest Expense % of Total Revenue0.94%1.67%0.16%0.20%0.31%0.11%0.09%0.09%0.07%0.08%1.81%2.97%0.67%0.64%1.51%2.07%

Balance Sheet

Currency: USD2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets-30.89M37.69M47.25M156.85M165.14M181.84M245.47M284.98M318.31M555.48M1.11B1.04B1.10B1.66B1.79B
Total Liabilities-26.78M37.18M46.49M61.82M81.56M99.10M131.00M159.61M224.78M461.41M511.94M541.61M614.26M1.21B1.19B
Total Equity--33.85M-37.45M3.63M95.03M83.59M82.74M101.58M125.37M93.53M94.07M596.59M502.13M489.65M455.66M598.66M
Cash-13.08M14.59M9.80M76.59M49.24M48.31M56.69M48.71M68.93M234.09M805.76M367.80M230.74M185.59M202.48M
Total Debt---------57.04M273.00M327.49M316.46M311.84M754.41M571.76M
Net Debt--13.08M-14.59M-9.80M-76.59M-49.24M-48.31M-56.69M-48.71M-11.89M38.91M-511.74M-51.34M81.10M568.82M369.27M

Cash Flow

Currency: USD2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow1.50M1.28M1.73M54.00K-7.11M-2.73M7.35M16.35M23.55M-10.68M-5.84M7.18M11.87M59.42M115.20M147.43M
Investing Cash Flow-1.01M-1.01M-642.00K-5.72M-32.82M-26.68M-12.35M-20.00M-40.19M33.30M-54.75M54.38M-374.25M-143.08M-532.25M-837.00K
Financing Cash Flow-1.65M562.00K403.00K825.00K106.89M2.06M4.07M12.08M8.11M-2.40M225.75M510.11M-75.58M-53.40M371.90M-129.70M
Capital Expenditure633.00K561.00K920.00K1.35M2.33M4.54M3.83M5.31M9.58M25.39M10.12M10.49M11.40M5.10M6.69M12.63M
Free Cash Flow870.00K718.00K812.00K-1.29M-9.44M-7.26M3.52M11.04M13.96M-36.08M-15.96M-3.31M475.00K54.32M108.51M134.80M
Dividends Paid----0000--254.60M-----
FCF to OCF57.88%56.14%46.88%-2398.19%132.81%266.21%47.94%67.50%59.30%337.69%273.16%-46.14%4.00%91.42%94.19%91.43%
Dividend Paid to FCF----0.00%0.00%0.00%0.00%---1595.43%-----

Earnings

Report DateMay 5, 2014Aug 4, 2014Nov 6, 2014Feb 17, 2015May 6, 2015Aug 6, 2015Nov 5, 2015Feb 11, 2016May 4, 2016Aug 9, 2016Nov 3, 2016Feb 8, 2017May 4, 2017Aug 3, 2017Nov 2, 2017Feb 12, 2018Apr 30, 2018Jul 30, 2018Oct 29, 2018Feb 11, 2019Apr 29, 2019Jul 29, 2019Oct 28, 2019Feb 10, 2020May 4, 2020Aug 3, 2020Oct 26, 2020Feb 8, 2021May 3, 2021Aug 2, 2021Nov 1, 2021Feb 7, 2022May 2, 2022Aug 1, 2022Oct 31, 2022Feb 6, 2023May 1, 2023Jul 31, 2023Oct 30, 2023Feb 5, 2024May 6, 2024Jul 29, 2024Oct 29, 2024Feb 4, 2025May 6, 2025Jul 29, 2025Oct 28, 2025Feb 3, 2026Apr 28, 2026Jul 28, 2026Oct 27, 2026
EPS Estimate-0.14-0.06-0.070.01-0.14-0.10-0.060.05-0.13-0.06-0.040.07-0.10-0.03-0.000.10-0.10-0.02-0.000.11-0.12-0.11-0.11-0.03-0.20-0.12-0.040.04-0.13-0.030.020.13-0.10-0.010.060.17-0.050.020.030.23-0.09-0.020.070.14-0.050.010.050.03-0.05-0.27-0.24
EPS Actual-0.10-0.05-0.070.02-0.15-0.06-0.030.06-0.10-0.04-0.010.08-0.080.010.020.12-0.07-0.030.020.18-0.13-0.10-0.05-0.03-0.19-0.050.020.11-0.08-0.010.050.16-0.09-0.000.050.21-0.350.010.080.27-0.030.050.100.180.010.030.060.080.06-0.26-
Surprise28.57%16.67%0.00%100.00%-7.14%40.00%50.00%20.00%23.08%33.33%75.00%14.29%20.00%133.33%1638.46%20.00%30.00%-50.00%2100.00%63.64%-8.33%9.09%54.55%0.00%5.00%58.33%150.00%175.00%38.46%66.67%150.00%23.08%10.00%99.00%-16.67%23.53%-600.00%-50.00%166.67%17.39%66.67%350.00%42.86%28.57%120.00%200.00%20.00%166.67%220.00%3.70%-
TimingAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap5.50B
Enterprise Value5.37B
Trailing P/E0.00
Forward P/E140.85
PEG Ratio7.38
Price / Sales8.00
Price / Book12.48
EPS-1.27
Book Value3.87
Revenue (TTM)688.09M
Gross Profit (TTM)530.31M
EBITDA-130.70M
Profit Margin-20.55%
Operating Margin-22.56%
Return on Equity-35.97%
Return on Assets-5.72%
Shares Outstanding114.86M
Shares Float111.38M
Beta0.82
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Buy
Based on 24 analystsTarget 51.32
  • Strong Buy
    12
  • Buy
    5
  • Hold
    7

Ownership Breakdown

Institutions
101.57%
Insiders
2.98%
Retail / Other
0.00%

Top Institutional Holders

  • BlackRock Inc
    11.31M9.84%
  • Vanguard Portfolio Management, LLC
    7.48M6.51%
  • Vanguard Capital Management, LLC
    5.10M4.44%
  • Tremblant Capital Group
    3.75M3.26%
  • First Trust Advisors L.P.
    3.20M2.78%
  • State Street Corp
    2.91M2.53%
  • Penserra Capital Management, LLC
    2.89M2.52%
  • Geode Capital Management, LLC
    2.88M2.51%
  • Alyeska Investment Group, L.P.
    2.63M2.29%
  • Jacobs Levy Equity Management, Inc.
    2.58M2.25%
  • VOYA INVESTMENT MANAGEMENT LLC
    2.41M2.10%
  • ClearBridge Advisors, LLC
    2.36M2.06%
  • American Capital Management Inc
    2.24M1.95%

Top Fund Holders

  • Vanguard MStar Total Stk Mkt Idx Invest
    3.47M3.02%
  • First Trust NASDAQ Cybersecurity ETF
    2.95M2.57%
  • Vanguard Mid Cap Growth Inv
    2.94M2.56%
  • iShares Russell 2000 ETF
    2.91M2.54%
  • Amplify Cybersecurity ETF
    2.65M2.31%
  • Vanguard Small Cap Index
    2.51M2.19%
  • Vanguard Information Technology ETF
    2.37M2.07%

Stock Splits

  • Mar 15, 20213:1