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Varonis Systems stock: key metrics
VRNSVaronis Systems had an operating margin of −23.5% and a return on invested capital (ROIC) of −26% in fiscal 2025.
Margins show how much of revenue is left over, returns on capital how hard the invested money works.
Daily figure as of 13 Nov 2026
Margins
- Gross margin
- Operating margin
- Net margin
Figures as a table
| Year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| 2010 | 91.7% | −4.1% | −9.6% |
| 2011 | 91.1% | −8.6% | −9.5% |
| 2012 | 90.8% | −2.9% | −9.1% |
| 2013 | 91.3% | −7.8% | −10.0% |
| 2014 | 90.2% | −17.1% | −19.1% |
| 2015 | 90.6% | −15.0% | −16.7% |
| 2016 | 90.4% | −9.5% | −10.8% |
| 2017 | 90.4% | −6.2% | −6.4% |
| 2018 | 89.8% | −10.8% | −10.6% |
| 2019 | 86.2% | −29.9% | −31.0% |
| 2020 | 84.9% | −26.8% | −32.1% |
| 2021 | 84.8% | −27.6% | −30.0% |
| 2022 | 85.3% | −24.8% | −26.3% |
| 2023 | 85.6% | −26.3% | −20.2% |
| 2024 | 83.0% | −19.4% | −17.4% |
| 2025 | 79.1% | −23.5% | −20.7% |
Returns on capital
- ROE
- ROIC
- ROA
Figures as a table
| Year | ROE | ROIC | ROA |
|---|---|---|---|
| 2010 | 0.0% | no data | 0.0% |
| 2011 | 11.2% | −26.2% | −12.3% |
| 2012 | 12.9% | −12.5% | −12.9% |
| 2013 | −100.0% | −57.0% | −15.8% |
| 2014 | −20.4% | −24.7% | −12.4% |
| 2015 | −25.5% | −15.3% | −12.9% |
| 2016 | −21.4% | −13.2% | −9.7% |
| 2017 | −13.6% | −9.5% | −5.6% |
| 2018 | −22.8% | −17.2% | −10.0% |
| 2019 | −84.2% | −40.4% | −24.7% |
| 2020 | −99.9% | −23.3% | −16.9% |
| 2021 | −19.6% | −13.4% | −10.5% |
| 2022 | −24.8% | −10.8% | −11.9% |
| 2023 | −20.6% | −58.7% | −9.1% |
| 2024 | −21.0% | −18.6% | −5.8% |
| 2025 | −21.6% | −26.0% | −7.2% |
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.