VR
$48.83
+0.14
(+0.29%)
As of Oct 22, 2026, 2:24 PM EDT
Price history
Today's analyst average
Analyst average over timeIndividual analyst targets
Analyst history starts Oct 16, 2026, the first target we tracked for VRNS.
Varonis Systems Inc (VRNS) is trading up at $48.83 (+0.29%), as of the latest quote. It is a Russell 2000 constituent in the Information Technology sector.
Analyst price targets on VRNS
Current price targets from 3 firms average $49.8, median $49.8 — the average is 2% above the current $48.8. Each is tracked to its date and scored the same way a member's call is.
- RBC Capital Markets $47.3 → $49.8 by Oct 2027 Oct 16, 2026 via Investing.com · RBC Capital Markets's track record
- Piper Sandler $47.3 → $49.8 by Oct 2027 Oct 16, 2026 via Investing.com · Piper Sandler's track record
- Jefferies $47.3 → $49.8 by Oct 2027 Oct 16, 2026 via Investing.com · Jefferies's track record
Targets published by research firms, extracted from the news, checked against independent reporting, and linked to their source. Where a firm did not state a horizon the target is tracked as 12 months, the industry convention; the rows where the firm set its own horizon are marked. Reported here as facts about what was published — not recommendations from Dalsna Finance, and no firm listed is affiliated with this site.
Varonis Systems Inc revenue & net income history (FY2016–FY2025)
RevenueNet incomeNet margin (right axis, %)
| FY2016Dec 2016 | FY2017Dec 2017 | FY2018Dec 2018 | FY2019Dec 2019 | FY2020Dec 2020 | FY2021Dec 2021 | FY2022Dec 2022 | FY2023Dec 2023 | FY2024Dec 2024 | FY2025Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $165.9M | $215.4M | $270.3M | $254.2M | $292.7M | $390.1M | $473.6M | $499.2M | $551.0M | $623.5M |
| Growth (year over year) | +30.4% | +29.9% | +25.5% | −6.0% | +15.1% | +33.3% | +21.4% | +5.4% | +10.4% | +13.2% |
| Gross profit | $150.1M | $194.7M | $242.6M | $219.0M | $248.4M | $330.7M | $403.8M | $427.4M | $457.1M | $491.6M |
| Gross margin | 90.5% | 90.4% | 89.8% | 86.2% | 84.9% | 84.8% | 85.3% | 85.6% | 83.0% | 78.8% |
| Operating income | −$12.0M | −$13.4M | −$29.1M | −$76.0M | −$78.4M | −$98.7M | −$121.2M | −$117.2M | −$117.7M | −$146.5M |
| Operating margin | −7.2% | −6.2% | −10.8% | −29.9% | −26.8% | −25.3% | −25.6% | −23.5% | −21.4% | −23.5% |
| Net income | −$14.2M | −$13.8M | −$28.6M | −$78.8M | −$94.0M | −$116.9M | −$124.5M | −$100.9M | −$95.8M | −$129.3M |
| Net margin | −8.6% | −6.4% | −10.6% | −31.0% | −32.1% | −30.0% | −26.3% | −20.2% | −17.4% | −20.7% |
| EPS (diluted) | −$0.06 | −$0.06 | −$0.11 | −$0.29 | −$1.00 | −$1.11 | −$1.14 | −$0.92 | −$0.86 | −$1.13 |
| Balance sheet | ||||||||||
| Cash and equivalents | $48.3M | $56.7M | $48.7M | $68.9M | $234.1M | $805.8M | $367.8M | $230.7M | $185.6M | $202.5M |
| Total assets | $181.8M | $245.6M | $285.0M | $318.3M | $555.5M | $1.11B | $1.04B | $1.10B | $1.66B | $1.79B |
| Total liabilities | $85.9M | $131.0M | $159.6M | $224.8M | $461.4M | $511.9M | $541.6M | $614.3M | $1.21B | $1.19B |
| Shareholders' equity | $96.0M | $114.6M | $125.4M | $93.5M | $94.1M | $596.6M | $502.1M | $489.6M | $455.7M | $598.7M |
| Cash flow | ||||||||||
| Operating cash flow | $7.35M | $16.4M | $23.5M | −$10.7M | −$5.84M | $7.18M | $11.9M | $59.4M | $115.2M | $147.4M |
| Capital expenditure | $3.83M | $5.31M | $9.58M | $25.4M | $10.1M | $10.5M | $11.4M | $5.10M | $6.69M | $12.6M |
| Free cash flow | $3.52M | $11.0M | $14.0M | −$36.1M | −$16.0M | −$3.31M | $475.0K | $54.3M | $108.5M | $134.8M |
| Share buybacks | — | — | — | — | $0 | $0 | $56.4M | $43.5M | $0 | $115.0M |
RevenueNet incomeNet margin (right axis, %)
| Q3 FY24Sep 2024 | Q4 FY24†Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25†Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $148.1M | $158.5M | $136.4M | $152.2M | $161.6M | $173.4M | $173.1M | $180.0M |
| Growth (year over year) | +21.1% | +2.9% | +19.6% | +16.7% | +9.1% | +9.4% | +26.9% | +18.3% |
| Gross profit | $124.1M | $132.5M | $107.4M | $120.9M | $126.4M | $136.8M | $131.6M | $135.5M |
| Gross margin | 83.8% | 83.6% | 78.7% | 79.5% | 78.2% | 78.9% | 76.0% | 75.3% |
| Operating income | −$23.6M | −$17.6M | −$43.8M | −$36.6M | −$35.9M | −$30.3M | −$44.5M | −$40.6M |
| Operating margin | −16.0% | −11.1% | −32.1% | −24.0% | −22.2% | −17.5% | −25.7% | −22.6% |
| Net income | −$18.3M | −$13.0M | −$35.8M | −$35.8M | −$29.9M | −$27.8M | −$36.9M | −$46.8M |
| Net margin | −12.4% | −8.2% | −26.2% | −23.5% | −18.5% | −16.0% | −21.3% | −26.0% |
| EPS (diluted) | −$0.16 | −$0.12 | −$0.32 | −$0.32 | −$0.26 | −$0.23 | −$0.32 | −$0.41 |
| Balance sheet | ||||||||
| Cash and equivalents | $282.2M | $185.6M | $153.1M | $199.2M | $157.4M | $202.5M | $179.3M | $233.6M |
| Total assets | $1.52B | $1.66B | $1.58B | $1.62B | $1.67B | $1.79B | $1.63B | $1.65B |
| Total liabilities | $1.09B | $1.21B | $1.21B | $1.27B | $1.06B | $1.19B | $1.18B | $1.21B |
| Shareholders' equity | $428.6M | $455.7M | $367.7M | $341.5M | $604.8M | $598.7M | $453.5M | $444.5M |
| Cash flow | ||||||||
| Operating cash flow | $22.5M | $24.3M | $68.0M | $21.3M | $33.4M | $24.7M | $55.0M | $25.1M |
| Capital expenditure | $1.23M | $4.35M | $2.34M | $3.38M | $2.97M | $3.94M | $4.97M | $4.38M |
| Free cash flow | $21.3M | $19.9M | $65.7M | $18.0M | $30.4M | $20.7M | $50.1M | $20.7M |
| Share buybacks | $0 | $0 | $61.3M | $38.7M | $0 | $15.0M | $135.0M | $0 |
From Varonis Systems Inc's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
About Varonis Systems Inc
- Headquarters
- Miami, Florida From SEC filings, Oct 2026
Recent News (8)
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Are VRNS, DSGR, PSNL Obtaining Fair Deals for their Shareholders? Insiders may stand to receive substantial financial benefits not available to ordinary shareholders. The proposed transactions may contain terms that could limit superior competing offers. Shareholder…
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Why is Varonis Systems stock slipping today?
Why is Varonis Systems stock slipping today?
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Are CCC, PAG, VRNS Obtaining Fair Deals for their Shareholders? Insiders may stand to receive substantial financial benefits not available to ordinary shareholders. The proposed transactions may contain terms that could limit superior competing offers. Shareholder…
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Why is Varonis Systems stock rallying today?
Why is Varonis Systems stock rallying today?
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VRNS SHAREHOLDER ALERT: ADEMI LLP INVESTIGATES WHETHER BUYOUT FAIRLY VALUES VARONIS SYSTEMS, INC. VRNS shareholders will receive just $49.75 per share in an all-cash transaction valuing VRNS at approximately $6.3 billion; Ademi LLP is investigating the deal price, benefits to company insiders, and…
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Needham downgrades Varonis Systems stock rating on acquisition deal
Needham downgrades Varonis Systems stock rating on acquisition deal
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Jefferies cuts Varonis Systems stock rating on Proofpoint deal
Jefferies cuts Varonis Systems stock rating on Proofpoint deal
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US Daily Equity Opening News - MSFT to report quarterly Azure sales; AVGO slips on outlook; HPE falls amid supply constraints; VRNS in take-private talks; Elliott urges DTEGY to reconsider TMUS merger; DEC to acquire Birch Resources for USD 1.8bln US Daily Equity Opening News - MSFT to report quarterly Azure sales; AVGO slips on outlook; HPE falls amid supply constraints; VRNS in take-private talks; Elliott urges DTEGY to reconsider TMUS merger…
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