Financial Snapshot

Revenue
$546.5M
TTM
Gross Margin
83.83%
TTM
Net Earnings
-$83.67M
TTM
Current Assets
$1.074B
Q3 2024
Current Liabilities
$594.0M
Q3 2024
Current Ratio
180.88%
Q3 2024
Total Assets
$1.521B
Q3 2024
Total Liabilities
$1.093B
Q3 2024
Book Value
$428.6M
Q3 2024
Cash
$282.2M
Q3 2024
P/E
-68.26
Nov 29, 2024 EST
Free Cash Flow
$96.88M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Revenue $499.2M $473.6M $390.1M $292.7M $254.2M $270.3M $215.4M $165.9M $127.2M $101.3M $74.62M $53.41M $39.80M $28.90M
YoY Change 5.39% 21.4% 33.29% 15.15% -5.96% 25.49% 29.86% 30.39% 25.52% 35.83% 39.7% 34.2% 37.72%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Revenue $499.2M $473.6M $390.1M $292.7M $254.2M $270.3M $215.4M $165.9M $127.2M $101.3M $74.62M $53.41M $39.80M $28.90M
Cost Of Revenue $71.75M $69.84M $59.40M $44.26M $35.14M $27.68M $20.71M $15.74M $12.02M $9.911M $6.476M $4.928M $3.500M $2.400M
Gross Profit $427.4M $403.8M $330.7M $248.4M $219.0M $242.6M $194.7M $150.1M $115.2M $91.44M $68.14M $48.48M $36.30M $26.50M
Gross Profit Margin 85.63% 85.26% 84.77% 84.88% 86.17% 89.76% 90.38% 90.51% 90.55% 90.22% 91.32% 90.77% 91.21% 91.7%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Selling, General & Admin $360.8M $347.1M $291.5M $227.5M $214.3M $201.8M $160.7M $125.5M $102.5M $80.66M $53.01M $35.00M $26.60M $19.90M
YoY Change 3.93% 19.07% 28.16% 6.17% 6.2% 25.54% 28.11% 22.43% 27.04% 52.15% 51.45% 31.59% 33.67%
% of Gross Profit 84.41% 85.97% 88.15% 91.57% 97.82% 83.17% 82.56% 83.57% 88.96% 88.21% 77.8% 72.2% 73.28% 75.09%
Research & Development $183.8M $177.9M $137.9M $99.36M $80.76M $69.97M $47.37M $36.66M $31.79M $28.09M $20.97M $15.03M $13.00M $7.700M
YoY Change 3.35% 29.01% 38.77% 23.03% 15.42% 47.71% 29.21% 15.31% 13.2% 33.92% 39.5% 15.65% 68.83%
% of Gross Profit 43.01% 44.05% 41.69% 40.0% 36.87% 28.84% 24.33% 24.42% 27.6% 30.72% 30.78% 31.01% 35.81% 29.06%
Depreciation & Amortization $11.70M $12.18M $10.89M $10.17M $6.321M $4.156M $3.328M $2.180M $1.615M $1.285M $796.0K $465.0K $450.0K $290.0K
YoY Change -3.88% 11.83% 7.09% 60.84% 52.09% 24.88% 52.66% 34.98% 25.68% 61.43% 71.18% 3.33% 55.17%
% of Gross Profit 2.74% 3.02% 3.29% 4.09% 2.89% 1.71% 1.71% 1.45% 1.4% 1.41% 1.17% 0.96% 1.24% 1.09%
Operating Expenses $544.6M $525.0M $429.4M $326.8M $295.0M $271.7M $208.1M $162.1M $134.3M $108.7M $73.99M $50.04M $39.70M $27.70M
YoY Change 3.73% 22.26% 31.39% 10.78% 8.57% 30.58% 28.36% 20.75% 23.47% 46.98% 47.86% 26.04% 43.32%
Operating Profit -$117.2M -$121.2M -$98.69M -$78.42M -$75.99M -$29.14M -$13.42M -$12.00M -$19.07M -$17.31M -$5.845M -$1.554M -$3.400M -$1.200M
YoY Change -3.3% 22.83% 25.86% 3.2% 160.81% 117.12% 11.87% -37.11% 10.2% 196.12% 276.13% -54.29% 183.33%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Interest Expense $30.31M $10.91M -$11.57M -$7.200M -$200.0K $1.200M $800.0K -$700.0K -$1.400M -$1.400M -$900.0K $86.00K -$400.0K -$1.400M
YoY Change 177.82% -194.25% 60.74% 3500.0% -116.67% 50.0% -214.29% -50.0% 0.0% 55.56% -1146.51% -121.5% -71.43%
% of Operating Profit
Other Income/Expense, Net $30.31M $10.41M -$12.15M -$7.483M -$389.0K $970.0K $2.362M -$885.0K -$1.523M -$1.714M -$1.274M -$3.045M $200.0K $0.00
YoY Change 191.03% -185.74% 62.3% 1823.65% -140.1% -58.93% -366.89% -41.89% -11.14% 34.54% -58.16% -1622.5%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Pretax Income -$86.92M -$110.8M -$110.8M -$85.90M -$76.38M -$28.17M -$11.06M -$12.88M -$20.60M -$19.02M -$7.119M -$4.599M -$3.600M -$2.600M
YoY Change -21.56% -0.02% 29.04% 12.47% 171.17% 154.73% -14.15% -37.47% 8.28% 167.2% 54.79% 27.75% 38.46%
Income Tax $14.00M $13.70M $6.022M $8.112M $2.388M $413.0K $2.787M $1.313M $686.0K $376.0K $356.0K $247.0K $200.0K $100.0K
% Of Pretax Income
Net Earnings -$100.9M -$124.5M -$116.9M -$94.01M -$78.76M -$28.58M -$13.84M -$14.19M -$21.28M -$19.40M -$7.475M -$4.846M -$3.800M -$2.800M
YoY Change -18.95% 6.55% 24.31% 19.36% 175.61% 106.43% -2.46% -33.31% 9.72% 159.51% 54.25% 27.53% 35.71%
Net Earnings / Revenue -20.22% -26.29% -29.95% -32.12% -30.99% -10.57% -6.43% -8.56% -16.73% -19.14% -10.02% -9.07% -9.55% -9.69%
Basic Earnings Per Share -$0.92 -$1.14 -$1.11 -$1.00 -$0.87
Diluted Earnings Per Share -$0.92 -$1.14 -$1.11 -$1.00 -$0.87 -$328.4K -$167.5K -$179.3K -$281.7K -$304.6K -$104.9K -$67.13K -$53.15K -$39.16K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Cash & Short-Term Investments $533.7M $732.9M $807.9M $298.6M $120.8M $159.1M $136.6M $113.9M $106.5M $111.8M $14.10M $14.90M $13.80M
YoY Change -27.18% -9.29% 170.57% 147.19% -24.07% 16.47% 19.93% 6.95% -4.74% 692.91% -5.37% 7.97%
Cash & Equivalents $230.7M $367.8M $805.8M $234.1M $68.90M $48.70M $56.70M $48.30M $49.20M $76.60M $9.600M $14.50M $13.00M
Short-Term Investments $303.0M $365.1M $2.175M $64.50M $51.80M $110.4M $79.90M $65.60M $57.20M $35.20M $4.400M $400.0K $800.0K
Other Short-Term Assets $64.33M $36.78M $34.09M $27.00M $19.00M $16.80M $14.30M $3.600M $2.500M $2.900M $1.400M $1.400M $400.0K
YoY Change 74.87% 7.9% 26.27% 42.11% 13.1% 17.48% 297.22% 44.0% -13.79% 107.14% 0.0% 250.0%
Inventory
Prepaid Expenses
Receivables $169.1M $136.0M $117.2M $94.20M $75.10M $83.20M $75.60M $53.90M $47.40M $37.90M $28.30M $20.00M $15.70M
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $767.2M $905.7M $959.2M $419.8M $214.9M $259.1M $226.5M $171.3M $156.4M $152.5M $43.80M $36.30M $29.90M
YoY Change -15.29% -5.58% 128.49% 95.35% -17.06% 14.39% 32.22% 9.53% 2.56% 248.17% 20.66% 21.4%
Property, Plant & Equipment $85.80M $95.82M $102.0M $85.10M $91.40M $17.30M $11.90M $9.900M $8.300M $4.000M $1.900M $1.300M $900.0K
YoY Change -10.45% -6.11% 19.91% -6.89% 428.32% 45.38% 20.2% 19.28% 107.5% 110.53% 46.15% 44.44%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $211.1M
YoY Change
Other Assets $15.49M $16.34M $19.84M $21.60M $12.00M $8.600M $7.200M $600.0K $500.0K $300.0K $1.600M $100.0K $200.0K
YoY Change -5.18% -17.64% -8.17% 80.0% 39.53% 19.44% 1100.0% 20.0% 66.67% -81.25% 1500.0% -50.0%
Total Long-Term Assets $336.8M $138.1M $149.3M $135.7M $103.4M $25.90M $19.10M $10.50M $8.700M $4.300M $3.500M $1.400M $1.000M
YoY Change 143.89% -7.54% 10.04% 31.24% 299.23% 35.6% 81.9% 20.69% 102.33% 22.86% 150.0% 40.0%
Total Assets $1.104B $1.044B $1.109B $555.5M $318.3M $285.0M $245.6M $181.8M $165.1M $156.8M $47.30M $37.70M $30.90M
YoY Change
Accounts Payable $672.0K $2.962M $5.324M $900.0K $1.000M $2.600M $600.0K $1.300M $2.600M $2.700M $2.200M $1.900M $800.0K
YoY Change -77.31% -44.37% 491.56% -10.0% -61.54% 333.33% -53.85% -50.0% -3.7% 22.73% 15.79% 137.5%
Accrued Expenses $125.1M $73.04M $63.68M $45.90M $37.20M $32.80M $42.50M $19.10M $15.90M $11.90M $9.000M $6.100M $5.100M
YoY Change 71.22% 14.7% 38.73% 23.39% 13.41% -22.82% 122.51% 20.13% 33.61% 32.22% 47.54% 19.61%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $306.8M $228.7M $211.8M $182.6M $159.6M $146.3M $116.6M $88.20M $71.30M $53.20M $40.40M $28.30M $20.60M
YoY Change 34.11% 8.01% 15.98% 14.41% 9.09% 25.47% 32.2% 23.7% 34.02% 31.68% 42.76% 37.38%
Long-Term Debt $250.5M $249.0M $225.3M $218.5M $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change 0.61% 10.49% 3.13%
Other Long-Term Liabilities $57.01M $63.90M $74.84M $60.30M $65.20M $13.30M $14.40M $10.90M $10.20M $8.600M $6.100M $8.800M $6.200M
YoY Change -10.79% -14.62% 24.12% -7.52% 390.23% -7.64% 32.11% 6.86% 18.6% 40.98% -30.68% 41.94%
Total Long-Term Liabilities $307.5M $312.9M $300.2M $278.8M $65.20M $13.30M $14.40M $10.90M $10.20M $8.600M $6.100M $8.800M $6.200M
YoY Change -1.72% 4.23% 7.67% 327.61% 390.23% -7.64% 32.11% 6.86% 18.6% 40.98% -30.68% 41.94%
Total Liabilities $614.3M $541.6M $511.9M $461.4M $224.8M $159.6M $131.0M $99.10M $81.60M $61.80M $46.50M $37.20M $26.80M
YoY Change 13.41% 5.79% 10.95% 105.25% 40.85% 21.83% 32.19% 21.45% 32.04% 32.9% 25.0% 38.81%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Basic Shares Outstanding 109.1M shares 109.3M shares 105.3M shares 94.34M shares 90.77M shares
Diluted Shares Outstanding 109.1M shares 109.3M shares 105.3M shares 94.34M shares 90.77M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $5.7113 Billion

About VARONIS SYSTEMS INC

Varonis Systems, Inc. engages in protecting enterprise data such as sensitive files and emails, confidential customer, patient, and employee data, financial records, strategic and product plans, and other intellectual property. The company is headquartered in New York City, New York and currently employs 2,233 full-time employees. The company went IPO on 2014-02-28. The Company’s cloud-native Data Security Platform discovers and classifies critical data, removes exposures, and detects advanced threats with artificial intelligence (AI)-powered automation. Its software enables enterprises of all sizes and industries to protect data stored on-premises and in the cloud, including sensitive files, emails and databases; confidential personal data belonging to customers, patients and employees; financial records; source code, strategic and product plans; and other intellectual property. The Varonis data security platform helps enterprises protect data against cyberattacks from both internal and external threats. The Company’s products include DatAdvantage, including the Automation Engine; DatAlert, including Varonis Edge; DataPrivilege, Data Classification Engine, including Policy Pack and Data Classification Labels; Data Transport Engine, and DatAnswers.

Industry: Services-Prepackaged Software Peers: MICROSOFT CORP APPIAN CORP COMMVAULT SYSTEMS INC Mandiant, Inc. JFrog Ltd KnowBe4, Inc. Ping Identity Holding Corp. Rapid7, Inc. TERADATA CORP /DE/ Tenable Holdings, Inc.