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    Varonis Systems (VRNS)

    Official site

    TECHNOLOGY • SOFTWARE - INFRASTRUCTURE • NASDAQ

    $47.34
    +0.28 (+0.59%)

    Market Cap: $5.41B

    Last updated: Oct 16, 2026 at 1:55 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    87%(34/39)
    Avg Surprise
    +142.56%
    Streak
    12 Q

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$0.03
    Range$0.02 - $0.03
    23 analysts
    EPS Revisions
    17
    0
    7d
    16
    1
    30d
    EPS Estimate DriftChange to current
    90d ago$0.02+54.2%
    60d ago$0.02+54.2%
    30d ago$0.03-1.1%
    7d ago$0.03-1.1%
    Current$0.03
    Revenue Consensus
    $187M
    Range$186M - $189M
    22 analysts
    Period ending Dec 31, 2026
    EPS Consensus$0.17
    Range$0.16 - $0.22
    24 analysts
    Revenue Consensus
    $208M
    Range$207M - $214M
    23 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$0.17---
    Sep 26EST
    		-$0.03---
    Jun 26
    Reported Jul 28
    		$-0.26$-0.27+3.70%Beat-966.7%
    Mar 26
    Reported Apr 28
    		$0.06$-0.05+220.00%Beat+500.0%
    Dec 25
    Reported Feb 3
    		$0.08$0.03+166.67%Beat-55.6%
    Sep 25
    Reported Oct 28
    		$0.06$0.05+20.00%Beat-40.0%
    Jun 25
    Reported Jul 29
    		$0.03$0.01+200.00%Beat-40.0%
    Mar 25
    Reported May 6
    		$0.01N/A+120.00%Beat+133.3%
    Dec 24
    Reported Feb 4
    		$0.18$0.14+28.57%Beat-33.3%
    Sep 24
    Reported Oct 29
    		$0.10$0.07+42.86%Beat+25.0%
    Jun 24
    Reported Jul 29
    		$0.05$-0.02+350.00%Beat+400.0%
    Mar 24
    Reported May 6
    		$-0.03N/A+66.67%Beat+91.4%
    Dec 23
    Reported Feb 5
    		$0.27$0.23+17.39%Beat+28.6%
    Sep 23
    Reported Oct 30
    		$0.08$0.03+166.67%Beat+60.0%
    Jun 23
    Reported Jul 31
    		$0.01$0.02-50.00%Miss+10100.0%
    Mar 23
    Reported May 1
    		$-0.35$-0.05-600.00%Miss-288.9%
    Dec 22
    Reported Feb 6
    		$0.21$0.17+23.53%Beat+31.2%
    Sep 22
    Reported Oct 31
    		$0.05$0.06-16.67%Miss+0.0%
    Jun 22
    Reported Aug 1
    		$-0.00N/A+99.00%Beat+99.0%
    Mar 22
    Reported May 2
    		$-0.09$-0.10+10.00%Beat-12.5%
    Dec 21
    Reported Feb 7
    		$0.16$0.13+23.08%Beat+45.5%
    Sep 21
    Reported Nov 1
    		$0.05$0.02+150.00%Beat+150.0%
    Jun 21
    Reported Aug 2
    		$-0.01N/A+66.67%Beat+80.0%
    Mar 21
    Reported May 3
    		$-0.08$-0.13+38.46%Beat+57.9%
    Dec 20
    Reported Feb 8
    		$0.11$0.04+175.00%Beat+466.7%
    Sep 20
    Reported Oct 26
    		$0.02$-0.04+150.00%Beat+140.0%
    Jun 20
    Reported Aug 3
    		$-0.05N/A+58.33%Beat+50.0%
    Mar 20
    Reported May 4
    		$-0.19$-0.20+5.00%Beat-46.2%
    Dec 19
    Reported Feb 10
    		$-0.03$-0.03+0.00%Beat-116.7%
    Sep 19
    Reported Oct 28
    		$-0.05N/A+54.55%Beat-350.0%
    Jun 19
    Reported Jul 29
    		$-0.10$-0.11+9.09%Beat-233.3%
    Mar 19
    Reported Apr 29
    		$-0.13$-0.12-8.33%Miss-85.7%
    Dec 18
    Reported Feb 11
    		$0.18$0.11+63.64%Beat+50.0%
    Sep 18
    Reported Oct 29
    		$0.02$-0.00+2100.00%Beat+0.0%
    Jun 18
    Reported Jul 30
    		$-0.03$-0.02-50.00%Miss-400.0%
    Mar 18
    Reported Apr 30
    		$-0.07$-0.10+30.00%Beat+12.5%
    Dec 17
    Reported Feb 12
    		$0.12$0.10+20.00%Beat+50.0%
    Sep 17
    Reported Nov 2
    		$0.02$-0.00+1638.46%Beat-
    Jun 17
    Reported Aug 3
    		$0.01N/A+133.33%Beat-
    Mar 17
    Reported May 4
    		$-0.08$-0.10+20.00%Beat-
    Dec 16
    Reported Feb 8
    		$0.08$0.07+14.29%Beat-

    Key Metrics

    Valuation
    P/E Ratio-789.00EV/EBITDAN/A
    Price/FCF45.95xFCF Yield2.18%
    Profitability
    Profit Margin-20.50%Operating Margin-22.60%
    ROE-36.00%ROIC-14.96%
    Financial Health
    Debt/Equity1.02xInterest CoverageN/A
    Current Ratio1.65xQuick Ratio1.65x
    Trading Statistics
    Beta0.77Avg Volume1.58M
    52-Week High$63.8052-Week Low$19.70

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$48.23
    SMA 20$47.90
    SMA 50$45.63
    SMA 200$34.68
    EMA 10$47.90
    EMA 20$47.60
    EMA 50$45.81
    EMA 200$39.93

    MACD

    Line: 0.58Signal: 0.82Hist: -0.24

    ADX

    ADX: 14.7+DI: 12.7-DI: 22.1

    Aroon & PSAR

    Aroon Up88.0
    Aroon Down4.0
    PSAR$49.95

    Bollinger Bands

    Upper Band$49.81
    Lower Band$45.99
    %B Position798%(Upper)
    Band Width0.35

    RSI (14-Day)

    Neutral
    50.3

    Momentum Oscillators

    Stoch %K54.2
    Stoch %D56.5
    Williams %R-52.2
    ROC (10d)-0.2%
    Momentum-0.11
    CCI (20d)-111.2
    MFI (14d)52.8

    Volatility Measures

    ATR (14d)$1.99(4.2%)
    StdDev (20d)0.96
    Hist Vol44.6%(High)

    Volume Flow

    VWAP$46.83
    OBV30.9M
    AD Line24.1M
    CMF (20d)0.164

    Volume Metrics

    Avg Vol (20d)1.6M
    Vol Ratio1.2x
    VWMA (20d)$47.88

    Pivot Points

    R3$50.64
    R2$49.61
    R1$48.33
    Pivot Point$47.30
    S1$46.02
    S2$44.99
    S3$43.71

    Advanced Oscillators

    TSI8.80
    Ultimate Osc56.0
    KST61.83

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$180.02M$173.13M$173.37M$161.58M$152.16M$136.42M$158.51M$148.07M$130.35M$114.02M$154.10M$122.31M
    Cost of Revenue$44.51M$41.57M$36.56M$35.15M$31.25M$29.02M$26.05M$24.01M$22.44M$21.35M$19.35M$17.38M
    Gross Profit$135.51M$131.56M$136.81M$126.43M$120.91M$107.41M$132.46M$124.06M$107.91M$92.67M$134.75M$104.93M
    Operating Expenses$176.14M$176.04M$167.07M$162.36M$157.47M$151.17M$150.01M$147.70M$136.74M$140.31M$140.00M$134.07M
    R&D$73.34M$69.76M$64.62M$62.74M$56.25M$54.21M$50.55M$53.46M$44.93M$47.83M$48.14M$44.82M
    SG&A$23.82M$25.94M$24.48M$25.60M$24.64M$24.20M$23.34M$22.86M$21.76M$21.25M$21.28M$20.65M
    Operating Income$-40,631,000$-44,481,000$-30,262,000$-35,934,000$-36,552,000$-43,766,000$-17,552,000$-23,640,000$-28,826,000$-47,633,000$-5,244,000$-29,147,000
    Interest Income$0$0$0$0$0$0$0$0$0$0$0$0
    Interest Expense$763,000$0$0$0$0$0$0$0$0$0$0$0
    Income Before Tax$-41,394,000$-40,035,000$-24,792,000$-28,128,000$-31,585,000$-31,815,000$-9,947,000$-13,395,000$-20,577,000$-39,088,000$189,000$-20,513,000
    Income Tax Expense$5.42M$-3,181,000$2.98M$1.81M$4.24M$3.97M$3.05M$4.94M$3.37M$1.40M$1.09M$2.50M
    Net Income$-46,809,000$-36,854,000$-27,775,000$-29,942,000$-35,824,000$-35,783,000$-12,994,000$-18,333,000$-23,948,000$-40,490,000$-898,000$-23,017,000
    EBITDA$-18,476,000$-18,318,000$-5,924,000$-9,841,000$-14,026,000$-17,057,000$7.16M$1.92M$-8,764,000$-28,358,000$35.27M$-15,015,000
    EBIT$-41,394,000$-40,035,000$-24,792,000$-28,128,000$-31,585,000$-31,815,000$-9,947,000$-13,395,000$-20,577,000$-39,088,000$189,000$-20,513,000
    * Some calculated fields are derived from available data when not provided by source

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    News

    Proofpoint agrees to buy data security company Varonis for $6.3B in cash

    Proofpoint Inc., owned by Thoma Bravo, has announced its acquisition of data security company Varonis Systems Inc. for $6.3 billion in an all-cash deal. This acquisition follows months of speculation and represents a 52%...

    SiliconANGLE•10/16/26•Bullish

    Proofpoint agrees to buy Varonis for US$6.3B in cash

    Proofpoint, a privately held provider of email and data security, has agreed to acquire Varonis Systems, Inc. for US$6.3 billion in cash, valuing Varonis shares at US$49.75 each. The acquisition...

    Mugglehead Investment Magazine•10/16/26•Bullish

    A roughly $6.3B cash deal would make Varonis (VRNS) a Proofpoint subsidiary.

    Varonis Systems, Inc. (VRNS) has agreed to be acquired by Proofpoint in an all-cash transaction valued at approximately $6.3 billion...

    Stock Titan•10/15/26•Bullish

    Varonis Systems gains after Proofpoint agrees to buy for $49.75/share in cash (VRNS:NASDAQ)

    Varonis Systems (VRNS) stock increased by 2.5% in after-hours trading following an agreement by Proofpoint to acquire the company. The all-cash deal is valued at approximately $6.3 billion. Proofpoint is currently owned...

    Seeking Alpha•10/15/26•Bullish

    Proofpoint to Acquire Varonis in a $6.3 Billion Transaction

    Proofpoint announced its intent to acquire Varonis Systems, Inc. in an all-cash transaction valued at approximately $6.3 billion...

    Proofpoint•10/15/26•Bullish

    VRNS Valuation and Fair Value

    P/E
    -789.0x
    Forward P/E
    140.8x
    P/FCF
    45.9x
    PEG
    7.4x
    P/B
    12.2x
    See GNG's fair value

    VRNS Profitability: Margins, ROIC and FCF

    Gross margin
    77.1%
    Operating margin
    -22.6%
    Net margin
    -20.5%
    ROIC
    -15.0%
    ROE
    -36.0%
    FCF margin
    17.2%
    FCF yield
    2.2%

    VRNS Competitors

    CompanyTicker
    Cirrus Logic IncCRUS
    Box IncBOX
    Novanta IncNOVT
    Klaviyo, Inc.KVYO
    Science Applications International Corporation Common StockSAIC
    Klarna Group plcKLAR
    Pegasystems IncPEGA
    Remitly Global IncRELY

    Sector: Technology

    VRNS Analyst Ratings

    Consensus
    Buy
    Analysts
    24
    Strong Buy
    5
    Buy
    12
    Hold
    6
    Sell
    0
    Strong Sell
    1

    VRNS Bull Case vs Bear Case

    Bull case

    • VRNS converts 17.2% of revenue into free cash flow.
    • VRNS beat EPS estimates in 100.0% of its last 8 reported quarters.
    • VRNS grew quarterly revenue 18.3% year over year.

    Bear case

    • VRNS has a -20.5% net profit margin.

    VRNS Earnings: Beat Rate and Next Report

    Beat rate
    8 of 8 quarters (100.0%)
    Average surprise
    100.2%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $0.03
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    16 up, 1 down

    Frequently Asked Questions About VRNS

    Does VRNS pay dividends?

    Varonis Systems (VRNS) does not currently pay a regular dividend.

    What is VRNS's market cap?

    Varonis Systems (VRNS) has a market capitalization of $5.41B with a current stock price of $47.34.

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