Varonis Systems VRNS
NASDAQ VRNS
$45.48 -0.61 (-1.32%)
As of: Sep 8, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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