Varonis Systems (VRNS) EBITDA (2013 - 2026)
Varonis Systems (VRNS) recorded quarterly EBITDA of -$44.5 million in Q1 2026, down 46.99% quarter-over-quarter from -$30.3 million in Q4 2025, and down 1.63% on a YoY basis from -$45.2 million in Q1 2025.
Varonis Systems (VRNS) EBITDA (2013 - 2026) Analysis & Trends
Varonis Systems' EBITDA history runs 14 years deep, the most recent figure standing at -$44.5 million for Q1 2026.
- In Q1 2026, EBITDA fell 1.63% year-over-year to -$44.5 million; the TTM figure through Mar 2026 stood at -$147.2 million (down 29.39% YoY), while the FY2025 annual figure was -$146.5 million, down 24.53% from the prior year.
- EBITDA was -$44.5 million for Q1 2026 at Varonis Systems, down from -$30.3 million in the prior quarter.
- In the past five years, EBITDA ranged from a high of -$5.2 million in Q4 2023 to a low of -$48.1 million in Q1 2022.
- Historically, EBITDA has averaged -$32.2 million across 5 years, with a median of -$35.9 million in 2025.
- The sharpest annual moves came in 2023 and 2024: EBITDA jumped 47.52% in 2023, then sank 234.71% in 2024.
- A 5-year view of EBITDA shows it stood at -$10.0 million in 2022, then surged by 47.52% to -$5.2 million in 2023, then tumbled by 234.71% to -$17.6 million in 2024, then plunged by 72.41% to -$30.3 million in 2025, then sank by 46.99% to -$44.5 million in 2026.
- The last three EBITDA figures came in at -$44.5 million (Q1 2026), -$30.3 million (Q4 2025), and -$35.9 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,998.30 Bn | 2,920.03 Bn | 56.06 Bn | 38.40 Bn |
| 2 | Alarum Technologies | 1,040.72 Bn | 1,026.57 Bn | 7.23 Mn | 372,000.00 |
| 3 | Oracle | 590.32 Bn | 551.74 Bn | 15.14 Bn | 5.46 Bn |
| 4 | Palantir Technologies | 316.31 Bn | 308.39 Bn | 1.42 Bn | 754.00 Mn |
| 5 | Palo Alto Networks | 181.17 Bn | 176.63 Bn | 1.91 Bn | 397.00 Mn |
| 6 | CrowdStrike Holdings | 161.69 Bn | 158.63 Bn | 993.68 Mn | 13.79 Mn |
| 7 | Fortinet | 102.35 Bn | 99.06 Bn | 1.49 Bn | 580.00 Mn |
| 8 | Synopsys | 88.25 Bn | 88.13 Bn | 1.77 Bn | 203.05 Mn |
| 9 | Cloudflare | 83.26 Bn | 82.32 Bn | 455.60 Mn | -61.99 Mn |
| 10 | Varonis Systems | 3.77 Bn | 3.55 Bn | 131.56 Mn | -44.48 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | -28.23 Mn |