Stock AnalizVaronis Systems Inc. VRNS
Computer Software: Prepackaged Software · IPO 2014 · data as of November 13, 2026
Varonis Systems Inc. (VRNS) is a technology company listed in the US with a market value of about $5.6B. In the twelve months to September 30, 2026 it had revenue of $716M and net income of -$153M, a net margin of -21.4%.
Its overall Stock Analiz score is 1.4 out of 5 (weak). The strongest part is future growth (3/5); the weakest is value (0/5).
Key numbers: a price to free cash flow of 47.8, 5-year revenue growth of 16% a year, a 5-year average ROIC of -10%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 76% below the current price.
Score: 1.4 / 5
Checks passed
- Revenue growth above 10% last year
- 3-year free cash flow growth above 10% a year
- Strong R&D investment or growth above 20%
- 5-year revenue growth above 8% a year
- More cash than debt, or low debt to equity
- Positive free cash flow
- 20% to 100% of free cash flow returned to shareholders
Checks not passed
- P/E below 25
- P/E below the industry median
- P/FCF below 20
- Price below intrinsic value (DCF, moderate assumptions)
- PEG below 1.5
- 3-year revenue growth above 10% a year
- Profit margin improving
- 5-year EPS growth above 10% a year
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $716M | $624M | $551M | $499M | $474M | $390M | $293M | $254M | $270M | $215M | $166M |
| Net income | -$153M | -$129M | -$96M | -$101M | -$125M | -$117M | -$94M | -$79M | -$29M | -$14M | -$14M |
| Free cash flow | $118M | $135M | $109M | $54M | $475000 | -$3M | -$16M | -$36M | $14M | $11M | $4M |
| EPS (diluted) | $-1.32 | $-1.13 | $-0.86 | $-0.92 | $-1.14 | $-1.11 | $-1.00 | $-2.60 | $-0.98 | $-0.50 | $-0.54 |
| Net margin | -21.4% | -20.7% | -17.4% | -20.2% | -26.3% | -29.9% | -32.1% | -31.0% | -10.6% | -6.4% | -8.6% |
| ROIC | — | -10.3% | -9.7% | -11.6% | -11.7% | -8.7% | -16.5% | -37.8% | -18.4% | -9.2% | -9.9% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 18 analysts is $50.14, 2% above the current price; targets range from $48.00 to $58.00; the consensus rating is “Hold”; expected EPS is $0.24 for the fiscal year ending December 31, 2026.
Frequently asked questions
Is Varonis Systems stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 76% below the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Varonis Systems pay a dividend?
Not currently.
Is Varonis Systems a good stock to buy?
We do not give buy or sell advice. Varonis Systems scores 1.4 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.