Varonis Systems (VRNS) EBITDA (2013 - 2026)
Varonis Systems (VRNS) posted EBITDA of -$40.6 million for Q2 2026, up 8.66% on a QoQ basis from -$44.5 million in Q1 2026, and down 11.16% year-over-year from -$45.7 million in Q2 2025.
Analysis
Varonis Systems (VRNS) EBITDA (2013 - 2026) Analysis & Trends
Varonis Systems has reported EBITDA for 14 years, with the latest figure at -$40.6 million in Q2 2026.
- On a quarterly basis, EBITDA fell 11.16% year-over-year to -$40.6 million in Q2 2026; TTM through Jun 2026 was -$151.3 million, a 24.52% decrease from a year earlier, with the FY2025 full-year figure at -$146.5 million, down 24.53% from the prior year.
- EBITDA was -$40.6 million for Q2 2026 at Varonis Systems, up from -$44.5 million in the prior quarter.
- The five-year high for EBITDA was -$5.2 million in Q4 2023, with the low at -$48.1 million in Q1 2022.
- Average EBITDA over 5 years is -$32.7 million, with a median of -$36.2 million recorded in 2025.
- The sharpest annual moves came in 2023 and 2024: EBITDA surged 47.52% in 2023, then plunged 234.71% in 2024.
- Over 5 years, EBITDA stood at -$10.0 million in 2022, then soared by 47.52% to -$5.2 million in 2023, then slumped by 234.71% to -$17.6 million in 2024, then tumbled by 72.41% to -$30.3 million in 2025, then plunged by 34.26% to -$40.6 million in 2026.
- The last three EBITDA figures came in at -$40.6 million (Q2 2026), -$44.5 million (Q1 2026), and -$30.3 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 269.46 Bn | 266.34 Bn | 2.03 Bn | -183.00 Mn |
| 2 | CrowdStrike Holdings | 213.75 Bn | 208.74 Bn | 1.10 Bn | -33.23 Mn |
| 3 | Fortinet | 115.33 Bn | 111.27 Bn | 1.64 Bn | 689.30 Mn |
| 4 | Axon Enterprise | 40.70 Bn | 40.03 Bn | 546.45 Mn | 46.78 Mn |
| 5 | Zscaler | 25.94 Bn | 22.46 Bn | - | - |
| 6 | F5 | 22.10 Bn | 20.50 Bn | 711.51 Mn | 213.27 Mn |
| 7 | Rubrik | 18.86 Bn | 17.11 Bn | 335.12 Mn | -71.90 Mn |
| 8 | Gen Digital | 17.83 Bn | 17.27 Bn | 1.03 Bn | 443.00 Mn |
| 9 | Check Point Software Technologies | 14.27 Bn | 11.99 Bn | 574.10 Mn | 185.10 Mn |
| 10 | Varonis Systems | 5.21 Bn | 4.55 Bn | 135.51 Mn | -40.63 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -40.63 Mn |
| Mar 31, 2026 | -44.48 Mn |
| Dec 31, 2025 | -30.26 Mn |
| Sep 30, 2025 | -35.93 Mn |
| Jun 30, 2025 | -36.55 Mn |
| Mar 31, 2025 | -43.77 Mn |
| Dec 31, 2024 | -17.55 Mn |
| Sep 30, 2024 | -23.64 Mn |
| Jun 30, 2024 | -28.83 Mn |
| Mar 31, 2024 | -47.63 Mn |
| Dec 31, 2023 | -5.24 Mn |
| Sep 30, 2023 | -29.15 Mn |
| Jun 30, 2023 | -39.72 Mn |
| Mar 31, 2023 | -43.12 Mn |
| Dec 31, 2022 | -9.99 Mn |
| Sep 30, 2022 | -25.58 Mn |
| Jun 30, 2022 | -37.57 Mn |
| Mar 31, 2022 | -48.09 Mn |
| Dec 31, 2021 | -17.83 Mn |
| Sep 30, 2021 | -18.56 Mn |