# Varonis Systems Inc: overview

VRNS · Nasdaq · CIK 1361113 · [Technology](/sectors/technology.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/vrns.md) · [Financials](/companies/vrns/financials.md) · [Filings](/companies/vrns/filings.md) · [Insiders](/companies/vrns/insiders.md)

Latest reported revenue: [$180.0m](/filings/0001628280-26-050630.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Jul 29, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax, accession 0001628280-26-050630).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [148](/filings/0001628280-25-047145.md) | [159 d](/filings/0001628280-26-005450.md) | [136](/filings/0001628280-26-028411.md) | [152](/filings/0001628280-26-050630.md) | [162](/filings/0001628280-25-047145.md) | [173 d](/filings/0001628280-26-005450.md) | [173](/filings/0001628280-26-028411.md) | [180](/filings/0001628280-26-050630.md) |
| Gross margin | % | [83.8%](/filings/0001628280-25-047145.md) | [83.6% d](/filings/0001628280-26-005450.md) | [78.7%](/filings/0001628280-26-028411.md) | [79.5%](/filings/0001628280-26-050630.md) | [78.2%](/filings/0001628280-25-047145.md) | [78.9% d](/filings/0001628280-26-005450.md) | [76.0%](/filings/0001628280-26-028411.md) | [75.3%](/filings/0001628280-26-050630.md) |
| Operating margin | % | [(16.0%)](/filings/0001628280-25-047145.md) | [(11.1%) d](/filings/0001628280-26-005450.md) | [(32.1%)](/filings/0001628280-26-028411.md) | [(24.0%)](/filings/0001628280-26-050630.md) | [(22.2%)](/filings/0001628280-25-047145.md) | [(17.5%) d](/filings/0001628280-26-005450.md) | [(25.7%)](/filings/0001628280-26-028411.md) | [(22.6%)](/filings/0001628280-26-050630.md) |
| Net margin | % | [(12.4%)](/filings/0001628280-25-047145.md) | [(8.2%) d](/filings/0001628280-26-005450.md) | [(26.2%)](/filings/0001628280-26-050630.md) | [(23.5%)](/filings/0001628280-26-050630.md) | [(18.5%)](/filings/0001628280-25-047145.md) | [(16.0%) d](/filings/0001628280-26-005450.md) | [(21.3%)](/filings/0001628280-26-050630.md) | [(26.0%)](/filings/0001628280-26-050630.md) |
| Diluted EPS | $ per share | [(0.16)](/filings/0001628280-25-047145.md) | not reported | [(0.32)](/filings/0001628280-26-028411.md) | [(0.32)](/filings/0001628280-26-050630.md) | [(0.26)](/filings/0001628280-25-047145.md) | not reported | [(0.32)](/filings/0001628280-26-028411.md) | [(0.41)](/filings/0001628280-26-050630.md) |
| Free cash flow | $m | [21.3 d](/filings/0001628280-25-047145.md) | [19.9 d](/filings/0001628280-26-005450.md) | [65.7](/filings/0001628280-26-028411.md) | [18.0 d](/filings/0001628280-26-050630.md) | [30.4 d](/filings/0001628280-25-047145.md) | [20.7 d](/filings/0001628280-26-005450.md) | [50.1](/filings/0001628280-26-028411.md) | [20.7 d](/filings/0001628280-26-050630.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [390](/filings/0001628280-24-003498.md) | [474](/filings/0001628280-25-004187.md) | [499](/filings/0001628280-26-005450.md) | [551](/filings/0001628280-26-005450.md) | [624](/filings/0001628280-26-005450.md) |
| Gross margin | % | [84.8%](/filings/0001628280-24-003498.md) | [85.3%](/filings/0001628280-25-004187.md) | [85.6%](/filings/0001628280-26-005450.md) | [83.0%](/filings/0001628280-26-005450.md) | [78.8%](/filings/0001628280-26-005450.md) |
| Operating margin | % | [(25.3%)](/filings/0001628280-24-003498.md) | [(25.6%)](/filings/0001628280-25-004187.md) | [(23.5%)](/filings/0001628280-26-005450.md) | [(21.4%)](/filings/0001628280-26-005450.md) | [(23.5%)](/filings/0001628280-26-005450.md) |
| Net margin | % | [(30.0%)](/filings/0001628280-24-003498.md) | [(26.3%)](/filings/0001628280-25-004187.md) | [(20.2%)](/filings/0001628280-26-005450.md) | [(17.4%)](/filings/0001628280-26-005450.md) | [(20.7%)](/filings/0001628280-26-005450.md) |
| Diluted EPS | $ per share | [(1.11)](/filings/0001628280-24-003498.md) | [(1.14)](/filings/0001628280-25-004187.md) | [(0.92)](/filings/0001628280-26-005450.md) | [(0.86)](/filings/0001628280-26-005450.md) | [(1.13)](/filings/0001628280-26-005450.md) |
| Free cash flow | $m | [(3.3)](/filings/0001628280-24-003498.md) | [0.5](/filings/0001628280-25-004187.md) | [54.3](/filings/0001628280-26-005450.md) | [109](/filings/0001628280-26-005450.md) | [135](/filings/0001628280-26-005450.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/vrns/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $536.6m | 12,789,273 |  | Added +1,484,140 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $317.4m | 7,565,214 |  | Added +82,099 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $209.2m | 4,986,423 |  | Reduced −114,091 |
| [TREMBLANT CAPITAL GROUP](/funds/1353312.md) | 2026-06-30 | $157.3m | 3,749,840 |  | Added +170,172 |
| [VOYA INVESTMENT MANAGEMENT LLC](/funds/1068837.md) | 2026-06-30 | $156.1m | 3,719,587 |  | Added +1,305,978 |
| [JACOBS LEVY EQUITY MANAGEMENT, INC](/funds/884414.md) | 2026-06-30 | $139.8m | 3,331,623 |  | Added +749,476 |
| [FIRST TRUST ADVISORS LP](/funds/1125816.md) | 2026-06-30 | $134.2m | 3,198,578 |  | Added +394,591 |
| [NEUBERGER BERMAN GROUP LLC](/funds/1465109.md) | 2026-06-30 | $130.2m | 3,112,411 |  | Added +945,997 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $128.5m | 3,062,788 |  | Added +154,191 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $125.7m | 2,995,352 |  | Added +111,220 |

## Recent filings

[All 921 filings](/companies/vrns/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-15 | 21:20 ET | [8-K](/filings/0001213900-26-109901.md) | 1.01 Entry into a material agreement; 5.02 Departure or appointment of officers or directors; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001213900-26-109901 |
| 2026-07-29 | 20:20 ET | [10-Q](/filings/0001628280-26-050630.md) | Quarterly report, period 2026-06-30 | 0001628280-26-050630 |
| 2026-07-28 | 20:10 ET | [8-K](/filings/0001171843-26-004948.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001171843-26-004948 |
| 2026-06-02 | 21:00 ET | [8-K](/filings/0001171843-26-003887.md) | 5.02 Departure or appointment of officers or directors; 5.07 Shareholder vote results | 0001171843-26-003887 |
| 2026-04-29 | 20:27 ET | [10-Q](/filings/0001628280-26-028411.md) | Quarterly report, period 2026-03-31 | 0001628280-26-028411 |
| 2026-04-28 | 20:10 ET | [8-K](/filings/0001171843-26-002774.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001171843-26-002774 |
| 2026-04-17 | 10:30 ET | [DEF 14A](/filings/0001140361-26-015263.md) | Proxy statement, period 2026-06-01 | 0001140361-26-015263 |
| 2026-02-04 | 21:18 ET | [10-K](/filings/0001628280-26-005450.md) | Annual report, period 2025-12-31 | 0001628280-26-005450 |
| 2026-02-03 | 21:10 ET | [8-K](/filings/0001171843-26-000602.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001171843-26-000602 |
| 2025-10-29 | 20:29 ET | [10-Q](/filings/0001628280-25-047145.md) | Quarterly report, period 2025-09-30 | 0001628280-25-047145 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001628280-26-005450.md), filed Feb 4, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/fcd04a8f-a60e-403a-b05f-470bf70ce7a5)

## About the filer

- CIK: 1361113
- Tickers: VRNS
- Exchange: Nasdaq
- SIC code: 7372 Services-Prepackaged Software
- State of incorporation: DE
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:37 ET. No prices; not investment advice.