VRNS
Varonis Systems Inc Information Technology Services-Prepackaged Software Russell 3000
$48.85Close
$5.7BMarket cap
$20.19 – $50.1252-week range
Nov 3, 2026Next report · after the close
Highlights
Strengths
- In a stage-2 uptrend all 8 trend conditions pass
- Leading the market RS 92 · stronger than 92% of stocks over 12 months
- RS line at a 1-year high outperforming the S&P 500 more than at any point this year
- Near its high 3% below its 52-week high
Cautions
- Results soon Nov 3, 2026, in 2 days
Price
Filing Results Screen pick 52-week high and low Adjusted prices
Key figures
Off 12-month high
3%
1wk
down 0.1%
price change
1mo
up 3.0%
price change
12-month return
up 40%
market up 11% ·
its own up 40%
F-score
5 / 9
Mixed
Altman Z″
0.74
Moderate riskadjusted
P/E
—
price / earnings
PEG
—
P/E / EPS growth
P/B
9.6×
price / book
Earnings yield
down 2.6%
EBIT / enterprise value
Cheaper than
24%
of the market · expensive
Revenue growth
up 13%
year on year
EPS growth
—
latest quarter
Sales growth
up 18%
latest quarter · -9 pts
ROE
down 25%
return on equity
Free cash margin
up 22%
$134.8M FCF
D/E
—
long-term debt / equity
Net debt / EBITDA
—
Interest cover
—EBIT / interest
Piotroski tests
- not yet profitable on its assets
- issued more shares
- gross margin narrowed
- assets working less efficiently
- generating cash from operations
- profitability improving
- profits backed by cash
- reduced long-term debt
- short-term liquidity improved
Trade setup
ATR%
2.1%
$1.04 a day · 2×ATR $46.77
RS
92 / 99
vs the universe
Trend
8 / 8
trend template
Relative volume
0.8×
vs 50-day average
Up/down volume
1.32
50 sessions
Implied move
—
no option chain · report Nov 3, 2026
Trend template · 8 of 8
Screen verdict
Did not qualify for any screen.
Warning signs
- Shareholders diluted The share count rose 4.4% over the year, from 113m to 118m shares. Each existing share owns a smaller fraction of the company than it did a year ago.
- Gross margin narrowing Gross margin fell from 83.0% to 78.8%. The company is keeping less of each dollar of sales than it did a year ago.
Last reported
Jul 28, 2026
Financials
- Gross 79%
- Net -21%
- Free cash 22%
- Cash
- Long-term debt
| FY2020Dec 31, 2020 | FY2021Dec 31, 2021 | FY2022Dec 31, 2022 | FY2023Dec 31, 2023 | FY2024Dec 31, 2024 | FY2025Dec 31, 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $292.7M | $390.1M | $473.6M | $499.2M | $551.0M | $623.5M |
| Gross margin | 85% | 85% | 85% | 86% | 83% | 79% |
| Operating income | -$78.4M | -$98.7M | -$121.2M | -$117.2M | -$117.7M | -$146.5M |
| Net income | -$94.0M | -$116.9M | -$124.5M | -$100.9M | -$95.8M | -$129.3M |
| Net margin | -32% | -30% | -26% | -20% | -17% | -21% |
| Earnings per share | -$1.00 | -$1.11 | -$1.14 | -$0.92 | -$0.86 | -$1.13 |
| Free cash flow | -$16.0M | -$3.3M | $475,000 | $54.3M | $108.5M | $134.8M |
| Free cash margin | -5% | -1% | 0% | 11% | 20% | 22% |
| Cash | $234.1M | $805.8M | $367.8M | $230.7M | $185.6M | $202.5M |
| Shareholders' equity | $94.1M | $596.6M | $502.1M | $489.6M | $455.7M | $598.7M |
| Shares outstanding | 95.46m | 107.51m | 107.67m | 109.10m | 112.55m | 117.55m |
Filings
| Filed | Report | Period to | Lag |
|---|---|---|---|
| Jul 29, 2026 | Quarterly ↗ | Jun 30, 2026 | 29d |
| Apr 29, 2026 | Quarterly ↗ | Mar 31, 2026 | 29d |
| Feb 4, 2026 | Annual ↗ | Dec 31, 2025 | 35d |
| Oct 29, 2025 | Quarterly ↗ | Sep 30, 2025 | 29d |
| Jul 30, 2025 | Quarterly ↗ | Jun 30, 2025 | 30d |
| May 7, 2025 | Quarterly ↗ | Mar 31, 2025 | 37d |
| Feb 6, 2025 | Annual ↗ | Dec 31, 2024 | 37d |
| Oct 31, 2024 | Quarterly ↗ | Sep 30, 2024 | 31d |
| Jul 30, 2024 | Quarterly ↗ | Jun 30, 2024 | 30d |
| May 7, 2024 | Quarterly ↗ | Mar 31, 2024 | 37d |
| Feb 6, 2024 | Annual ↗ | Dec 31, 2023 | 37d |
| Oct 31, 2023 | Quarterly ↗ | Sep 30, 2023 | 31d |
Current reports
| Filed | Disclosed |
|---|---|
| Oct 15, 2026 | Material agreement · Director or officer change · Regulation FD ↗ |
| Jul 28, 2026 | Results ↗ |
| Jun 2, 2026 | Director or officer change · Shareholder vote ↗ |
| Apr 28, 2026 | Results ↗ |
| Feb 3, 2026 | Results ↗ |
| Oct 28, 2025 | Results ↗ |
| Sep 2, 2025 | Regulation FD ↗ |
| Jul 29, 2025 | Results ↗ |
| Jun 6, 2025 | Director or officer change · Shareholder vote ↗ |
| May 6, 2025 | Results ↗ |
| Feb 14, 2025 | Other events ↗ |
| Feb 4, 2025 | Results ↗ |