To the full analysis
Varonis Systems stock: growth
VRNSVaronis Systems reported $623.53M in revenue for fiscal 2025, up 13.2% on the prior year, up 16.3% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
22.7%
per year from 2010 to 2025, per share 16.2%
Earnings (Annual rate)
no data
Free cash flow (Annual rate)
40%
per year from 2010 to 2025, per share 32.5%
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2015 | since 2010 | |
|---|---|---|---|
| Revenue | 16.3% | 17.2% | 22.7% |
| Revenue per share | 9.2% | 11.1% | 16.2% |
| Earnings | no data | no data | no data |
| Earnings per share | no data | no data | no data |
| Free cash flow | no data | no data | 40.0% |
| Free cash flow per share | no data | no data | 32.5% |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2010 | $28.87M | −$2.76M | $870K |
| 2011 | $39.78M | −$3.8M | $718K |
| 2012 | $53.41M | −$4.85M | $812K |
| 2013 | $74.62M | −$7.48M | −$1.3M |
| 2014 | $101.35M | −$19.4M | −$9.44M |
| 2015 | $127.21M | −$21.28M | −$7.27M |
| 2016 | $164.46M | −$17.71M | $3.52M |
| 2017 | $217.36M | −$13.84M | $11.04M |
| 2018 | $270.29M | −$28.58M | $13.96M |
| 2019 | $254.19M | −$78.76M | −$36.08M |
| 2020 | $292.69M | −$94.01M | −$15.96M |
| 2021 | $390.13M | −$116.86M | −$3.31M |
| 2022 | $473.63M | −$124.52M | $475K |
| 2023 | $499.16M | −$100.92M | $54.32M |
| 2024 | $550.95M | −$95.77M | $108.51M |
| 2025 | $623.53M | −$129.32M | $134.8M |
Revenue by segment
How Varonis Systems, Inc. makes its money and how that has shifted. Names are as the company reports them.
- Software as a Service74%
- Subscription and Circulation18%
- Maintenance8%
Figures as a table
| 2024 | 2025 | Share 2025 | |
|---|---|---|---|
| Software as a Service | $208.78M | $462.6M | 74.2% |
| Subscription and Circulation | $254.24M | $109.64M | 17.6% |
| Maintenance | $87.93M | $51.3M | 8.2% |
| Total revenue | $550.95M | $623.53M | 100% |
Revenue by region
Where Varonis Systems, Inc. generates its revenue.
- United States$440.5M71%
- EMEA$133.6M21%
- Rest of world$49.5M8%
The company split earlier years differently. A history would not be comparable, so only 2025 is shown.
Figures as a table
| 2025 | Share 2025 | |
|---|---|---|
| United States | $440.47M | 70.6% |
| EMEA | $133.59M | 21.4% |
| Rest of world | $49.47M | 7.9% |
| Total revenue | $623.53M | 100% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Weak, published since 7 Nov 2026 (in the score history since 31 Jan 2024)
- Valuation signal Overvalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.