Varonis Systems, Inc. (VRNS) Stock Analysis

Company Overview

Varonis Systems, Inc. (VRNS) is capitalised at $5.29B on the latest close. The company sits in the Technology sector, in the Software - Infrastructure industry. Headcount on file is 2,658.

The most recent close on file for VRNS is $46.09, dated September 4, 2026. That is −$0.42 (−0.90%) against the previous close. Over the past 52 weeks the price has ranged from $19.70 to $63.90. The latest close sits 133.96% above that 52-week low.

Financial Health

The most recent full year on file, fiscal 2025, shows revenue of $623.53M. That is +13.17% against the prior fiscal year, when revenue was $550.95M. The same year closed with a net loss of $129.32M. Profit margin runs at −20.55%. That is 20.5 percentage points below the Software - Infrastructure median of 0%. Earnings per share on a trailing basis come to −1.22.

Across the 4 fiscal years on file, revenue moves from $473.63M in 2022 to $623.53M in 2025. Of those 4 years, 0 report positive net income.

Valuation Assessment

The record shows negative trailing earnings, so no price-to-earnings ratio is published. The forward P/E on file is 111.66. The PEG ratio, which sets the P/E against expected earnings growth, reads 7.38. The price-to-sales ratio is 7.69. On price-to-sales that is 121.25% above the Software - Infrastructure median of 3.48. 187 Software - Infrastructure companies report these metrics, and the medians quoted come from that group.

The trailing one-year price return is −17.30%. Across 10 years the annualized return works out at +16.43%. The reported beta is 0.82. Daily returns over the trailing 10 years annualize to a volatility of 47.96%.

Growth & Income

The record shows no dividend for VRNS.

The strongest complete calendar year on file is 2020 at +110.54%; the weakest is 2022 at −50.92%. Of the 9 complete calendar years on file, 5 finished higher. 2026 is still running; the price is +40.52% year to date.