NASDAQ:VRNS
Varonis Systems Inc.
Varonis Systems Inc.'s revenue grew 13.2% in fiscal 2025 to $623.5M while operating margin fell to −23.5%. Free cash flow was $134.8M, 21.6% of revenue, and the diluted share count rose 2.5%.Summary generated from Varonis Systems Inc.'s SEC filings. Latest annual report filed Feb 4, 2026.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$623.5M
Revenue growth+13.2%
Revenue, 5-yr CAGR+16.3%
Gross margin78.8%
Operating margin−23.5%
Net margin−20.7%
ROICn/a
Return on equity−24.5%
Debt / equityn/a
Free cash flow$134.8M
FCF margin21.6%
Share count change+2.5%
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 390 | 474 | 499 | 551 | 624 |
| Operating income | −99 | −121 | −117 | −118 | −147 |
| Net income | −117 | −125 | −101 | −96 | −129 |
| Free cash flow | −3 | 0 | 54 | 109 | 135 |
Recent filings
- 10-QQuarterly report for the period ended Jun 30, 2026
Jul 29, 2026 - 8-KResults of operations and financial condition
Jul 28, 2026 - 4Insider transaction report
Jun 2, 2026 - 8-KDirector or officer change
Jun 2, 2026 - 4Insider transaction report
May 22, 2026 - 10-QQuarterly report for the period ended Mar 31, 2026
Apr 29, 2026 - 8-KResults of operations and financial condition
Apr 28, 2026 - DEF 14AProxy statement
Apr 17, 2026