Varonis Systems (VRNS US)
VRNS US$48.91
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Performance
Advanced charting functionality with the ability to amend timeframes, chart type & indicator selection, powered by TradingView.
Share price activity
Displays share price activity. Volume = number of shares traded, Turnover = value of shares traded, VWAP = volume-weighted average price for the day, sourced from Morningstar.
- Last (Price)
- 48.91
- Change
- ▼ -0.21 (-0.42)
- Bid / Ask
- 48.89 - 48.90
- Volume
- 1,007,907
- Turnover
- 28,426,926
- Open
- 49.09
- Day Range
- 48.88 - 49.11
- VWAP
- 48.99
- Prev Close
- 49.11
- Last Trade
- 28/10 3:59pm
Key information
Displays key information on the security, sourced from Morningstar.
- Sector
- Technology
- Shares Issued
- 114,860,485
- NTA/Share
- 3.80
- Last Dividend
- —
- Dividend Ex Date
- —
- Dividend Pay Date
- —
Current (USD) · FY2025
Displays key financial data for the most recent fiscal year, in millions. Note - Per share data is in local currency terms irrespective of reporting currency, and may be different to the stated currency, sourced from Morningstar.
- Revenue
- 623.53
- EBITDA
- -147.39
- Profit
- -129.32
- Earnings Per Share (EPS)
- -1.13
- Dividend Per Share (DPS)
- —
- Yield %
- 0.00
- Market Cap
- 5,617.25
- Price to Earnings Ratio (P/E)
- -40.10
Estimates (USD) · FY2027
Displays consensus analyst’s estimates for key measures for the next fiscal year, sourced from Morningstar.
- Revenue
- 865.44
- EBITDA
- -71.80
- Profit
- 41.67
- Earnings Per Share (EPS)
- 0.35
- Dividend Per Share (DPS)
- 0.00
Quantitative rating
Displays Morningstar’s Quantitative Equity Research Rating for the security: a star rating from 1 (overvalued) to 5 (undervalued) from the share price against a fair value estimated by a statistical model of Morningstar’s analyst ratings, with the model’s economic moat, financial health and fair value uncertainty, sourced from Morningstar.
Fairly valued
- Economic Moat
- None
- Financial Health
- Moderate
- Uncertainty
- High
Morningstar Quantitative Rating as of 22 OCT 2026.
Quantitative Equity Rating Methodology – view here
Fair value estimate
Displays Morningstar’s quantitative fair value estimate for the security against the current share price, with the band around it: the five-star price below which the model would rate the stock five stars and the one-star price above which it would rate it one star, sourced from Morningstar.
Five-star price 38.83 Fair value 46.87 One-star price 56.58
Morningstar Quantitative Rating as of 22 OCT 2026.
Quantitative valuation
Displays where the share price sits in Morningstar’s quantitative fair value band, from the five-star price (undervalued) to the one-star price (overvalued), with the fair value estimate, the price to fair value ratio, the model’s valuation label and its uncertainty rating, sourced from Morningstar.
Buy
Sell
- Fair Value
- 46.87
- Price / Fair Value
- 1.04
- Valuation
- Fairly valued
- Uncertainty
- High
Morningstar Quantitative Rating as of 22 OCT 2026. The slider runs from the five-star price (38.83) to the one-star price (56.58).
Displays useful ratios for the security, NB the pricing date used, sourced from Morningstar.
| Ratios |
|---|
| Currency (Price/reporting): USD/USD |
| Exchange Rate: 1.0000 |
Price, volume and trading statistics for the security, sourced from Morningstar.
| Price - closing or last bid | 48.89 |
| Price - 12 month high | 63.80 |
| Price - 12 month low | 19.70 |
| Pricing date | 21 OCT 2026 |
| Volume - avg. trading volume for the last ten days | 6.47 |
| Market capitalization | 5,615.53 |
| 12 Month High price date | 27 OCT 2025 |
| 12 Month Low price date | 10 APR 2026 |
| Volume - avg. trading volume for the last 3 months | 2.54 |
| Price - 1 Day % Change | 0.41% |
| Price - 13 week price percent change | 7.85% |
| Price - 26 week price percent change | 94.55% |
| Price - 5 Day % Change | 3.27% |
| Price - 52 week price percent change | -20.17% |
| Price - YTD price percent change | 47.70% |
| Price % Change Month To Date | 3.38% |
Earnings, dividends, cash flow and book value per share, sourced from Morningstar.
| EPS excluding extraordinary items - most recent fiscal year | -1.130 |
| EPS excluding extraordinary items - trailing 12 month | -1.220 |
| EPS Normalized - most recent fiscal year | 0.180 |
| Revenue/share - most recent fiscal year | 5.450 |
| Revenue/share - trailing 12 month | 5.938 |
| Book value per share - most recent fiscal year | 5.093 |
| Book value per share - most recent quarter | 3.870 |
| Book value (tangible) per share - most recent fiscal year | 3.800 |
| Book value (tangible) per share - most recent quarter | 1.510 |
| Cash per share - most recent fiscal year | 1.723 |
| Cash per share - most recent quarter | 2.034 |
| Cash Flow per share - most recent fiscal year | 0.701 |
| Cash Flow per share - trailing 12 month | 0.652 |
| Dividend per share - most recent fiscal year | — |
| Dividends per share - trailing 12 month | 0.000 |
| EBITD per share - trailing 12 month | -1.257 |
| EPS Basic excluding extraordinary items - most recent fiscal year | -1.130 |
| EPS Basic excluding extraordinary items - trailing 12 month | -1.220 |
| EPS including extraordinary items - most recent fiscal year | -1.130 |
| EPS including extraordinary items - trailing 12 month | -1.230 |
| Free Cash Flow per share - trailing 12 month | 0.481 |
Valuation multiples such as P/E, price to sales, price to book and enterprise value ratios, sourced from Morningstar.
| P/E excluding extraordinary items, most recent fiscal year | — |
| P/E Normalized, most recent fiscal year | 203.71 |
| Price to sales - most recent fiscal year | 8.23 |
| Price to Tangible Book - most fiscal year | 32.38 |
| Price to Free Cash Flow per Share - most recent fiscal year | 101.74 |
| Price to Cash Flow per share - trailing 12 month | 74.95 |
| Price to Book - most recent fiscal year | 12.63 |
| P/E excluding extraordinary items high, trailing 12 months | — |
| P/E excluding extraordinary items low, trailing 12 months | — |
| Net Debt, LFI | -182.13 |
| Net Debt, LFY | -399.22 |
| Dividend Yield - 5 Year Average | — |
| Dividend Yield - indicated annual dividend divided by closing price | — |
| Current Dividend Yield - Common Stock Primary Issue, LTM | 0.00% |
Cash flow, liquidity and leverage measures, sourced from Morningstar.
| Free Cash Flow - most recent fiscal year | 64.68 |
| LT debt/equity - most recent fiscal year | 85.53% |
| Payout ratio - most recent fiscal year | — |
| Total debt/total equity - most recent fiscal year | 87.15% |
| LT debt/equity - most recent quarter | 116.12% |
| Total debt/total equity - most recent quarter | 116.12% |
| Free Cash Flow - trailing 12 month | 55.69 |
| Payout ratio - trailing 12 month | — |
Key income statement lines for the most recent fiscal year, in millions, sourced from Morningstar.
| Revenue - most recent fiscal year | 623.53 |
| Revenue - trailing 12 month | 688.10 |
| EBITD - most recent fiscal year | -147.39 |
| EBITD - trailing 12 month | -145.64 |
| Earnings before taxes - most recent fiscal year | -116.32 |
| Earnings before taxes - trailing 12 month | -134.35 |
| Net Income available to common - most recent fiscal year | -129.32 |
| Net Income available to common - trailing 12 months | -141.38 |
| Earnings before taxes Normalized - most recent fiscal year | 13.67 |
| Net Income Available to Common, Normalized - most recent fiscal year | 24.06 |
| Earnings per Share, Normalized, Excluding Extraordinary Items, Avg. Diluted Shares Outstanding, TTM | 0.24 |
Profitability margins for the most recent fiscal year, sourced from Morningstar.
| Net Profit Margin % - 1st historical fiscal year | -20.74% |
| Net Profit Margin % - trailing 12 month | -20.55% |
| Operating margin - 1st historical fiscal year | -23.50% |
| Operating margin - trailing 12 month | -21.99% |
| Pretax margin - trailing 12 month | -19.52% |
| Pretax margin - 1st historical fiscal year | -18.66% |
| Operating Margin - 5 year average | -23.85% |
| Pretax Margin - 5 year average | -20.59% |
| Free Operating Cash Flow/Revenue, 5 Year Average | 13.77% |
| Free Operating Cash Flow/Revenue, TTM | 8.09% |
| Net Profit Margin - 5 year average | -22.92% |
Returns on average assets and equity for the fiscal year, the trailing 12 months and as 5 year averages, and net income and revenue per employee in whole currency, sourced from Morningstar.
| Return on average assets - most recent fiscal year | -7.78% |
| Return on average assets - trailing 12 month | -8.46% |
| Return on average equity - most recent fiscal year | -27.30% |
| Return on average equity - trailing 12 month | -28.94% |
| Return on average assets - 5 year average | -9.75% |
| Return on average equity - 5 year average | -23.68% |
| Net Income/employee - most recent fiscal year | -48,654.63 |
| Revenue/employee - most recent fiscal year | 234,586.91 |
Growth in revenue, earnings, dividends and book value over recent periods, sourced from Morningstar.
| Revenue growth rate, 5 year | 16.33% |
| EPS growth rate, 5 year | — |
| Growth rate% - dividend, 3 year | — |
| Revenue/share (5 yr growth) | 11.93% |
| Growth rate% - Revenue, 3 year | 9.60% |
| Growth rate% - EPS, 3 year | — |
| Book value per share growth rate, 5 year | 38.89% |
| Capital Spending growth rate, 5 year | 8.94% |
| Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year CAGR | — |
Displays analyst’s forecasts for key measures. The estimates can be expanded to see the spread of the calls. Full lines = reported, and dotted lines are forward estimates. Click a measure to add or remove it from the chart, sourced from Morningstar.
Financial forecast (USD, millions except per share)
| Actuals | Estimates | |||||||
| 2025 | 2026 | 2027 | 2028 | 2029 | ||||
| Estimate breakdown | ||||||||
Financial metrics can be plotted on the graph to see trends. Multiple metrics from multiple statements can be plotted against each other, sourced from Morningstar.
Financials (USD, millions)
| Period end: | DEC 21 | DEC 22 | DEC 23 | DEC 24 | DEC 25 |
| Fiscal year: | 2021 | 2022 | 2023 | 2024 | 2025 |
| Period length: | 12 months | 12 months | 12 months | 12 months | 12 months |
Displays all company announcements released by the company to the exchange, sourced from Morningstar.
Announcements
Announcements are available for ASX-listed companies only.
Opinion
No opinions for this company yet.
Action
No actions for this company yet.
Business Summary
Varonis Systems is a cybersecurity vendor focused on data privacy and security. The firm is currently undergoing a cloud transition as it weans its on-premises customers over to its cloud products that are delivered as software-as-a-service. The New York-based firm was founded in 2005 and went public in 2014.
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