Varonis Systems IncVRNS

NasdaqTechnologyServices-Prepackaged Software
Price (close)
$47.95
Market cap
$5.5B
P/E
—
Revenue (TTM)
$688.1M
Net income
-$141.4M
Dividend yield
—
1-year total return
-18.2%
Net margin
-20.5%
Revenue growth
15.6%
Debt / equity
—

What Varonis Systems Inc does.

We were incorporated under the laws of the State of Delaware on November 3, 2004 and commenced operations on January 1, 2005. Our principal offices are located at 801 Brickell Avenue, Miami, FL 33131. For convenience in this report, the terms “Company,” “Varonis,” “we” and “us” may be used to refer to Varonis Systems, Inc. and/or its subsidiaries, except where indicated otherwise. Our telephone number is (877) 292-8767.

Varonis is a data security company focused on protecting what matters most to organizations: their data. Modern enterprises run on data that is created, copied, shared and accessed across cloud services, SaaS applications and on-premises environments, often faster than security teams can see, understand or control. We started Varonis around a simple observation that we believe has only intensified over time: the ability to create and share data scales far faster than the ability to secure it. Our strategy is built around closing that gap, giving organizations the deep visibility and automated controls to deeply understand their enterprise data, reduce exposure and respond to threats quickly, wherever their data lives.

Data growth itself is not new. What has changed is the combination of scale, sprawl and speed. Cloud transformation and artificial intelligence ("AI") initiatives are pushing data into more systems, across more environments and making it accessible to more users, applications and AI agents. As adoption of software-a-service (“SaaS”) and infrastructure-as-a-service (“IaaS”) has accelerated collaboration and productivity, it has also expanded and fragmented the enterprise data footprint. In many organizations, data security controls have not kept pace, increasing the likelihood that misconfigurations or credential compromise can lead to significant data exposure, threats and regulatory penalties.

Revenue and profit, by fiscal year.

Fiscal year202020212022202320242025
Revenue$292.7M$390.1M$473.6M$499.2M$551.0M$623.5M
Net income-$94.0M-$116.9M-$124.5M-$100.9M-$95.8M-$129.3M
Free cash flow-$16.0M-$3.3M$475,000$54.3M$108.5M$134.8M

More on VRNS.

Figures from Varonis Systems Inc's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.