Varonis Systems (VRNS) EBITDA Margin (2013 - 2026)
Varonis Systems (VRNS) recorded quarterly EBITDA Margin of 25.69% in Q1 2026, down 47.19% quarter-over-quarter from 17.46% in Q4 2025, and up 639.0% on a YoY basis from 3.48% in Q1 2025.
Varonis Systems (VRNS) EBITDA Margin (2013 - 2026) Analysis & Trends
Varonis Systems' EBITDA Margin history runs 14 years deep, the most recent figure standing at 25.69% for Q1 2026.
- In Q1 2026, EBITDA Margin rose 639.0% year-over-year to 25.69%; the TTM figure through Mar 2026 stood at 22.3% (down 245.0% YoY), while the FY2025 annual figure was 23.5%, down 214.0% from the prior year.
- EBITDA Margin was 25.69% for Q1 2026 at Varonis Systems, down from 17.46% in the prior quarter.
- In the past five years, EBITDA Margin ranged from a high of 3.4% in Q4 2023 to a low of 49.95% in Q1 2022.
- Historically, EBITDA Margin has averaged 25.04% across 5 years, with a median of 23.83% in 2023.
- Biggest YoY gain for EBITDA Margin was 1230 bps in 2024; the steepest drop was 767 bps in 2024.
- A 5-year view of EBITDA Margin shows it stood at 7.01% in 2022, then jumped by 51 bps to 3.4% in 2023, then slumped by 225 bps to 11.07% in 2024, then plunged by 58 bps to 17.46% in 2025, then plunged by 47 bps to 25.69% in 2026.
- The last three EBITDA Margin figures came in at 25.69% (Q1 2026), 17.46% (Q4 2025), and 22.24% (Q3 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,998.30 Bn | 2,920.03 Bn | 56.06 Bn | 46.33% |
| 2 | Alarum Technologies | 1,040.72 Bn | 1,026.57 Bn | 7.23 Mn | 3.18% |
| 3 | Oracle | 590.32 Bn | 551.74 Bn | 15.14 Bn | 31.79% |
| 4 | Palantir Technologies | 316.31 Bn | 308.39 Bn | 1.42 Bn | 46.18% |
| 5 | Palo Alto Networks | 181.17 Bn | 176.63 Bn | 1.91 Bn | 15.30% |
| 6 | CrowdStrike Holdings | 161.69 Bn | 158.63 Bn | 993.68 Mn | 1.06% |
| 7 | Fortinet | 102.35 Bn | 99.06 Bn | 1.49 Bn | 31.36% |
| 8 | Synopsys | 88.25 Bn | 88.13 Bn | 1.77 Bn | 8.43% |
| 9 | Cloudflare | 83.26 Bn | 82.32 Bn | 455.60 Mn | -9.69% |
| 10 | Varonis Systems | 3.77 Bn | 3.55 Bn | 131.56 Mn | -25.69% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -25.69% |
| Dec 31, 2025 | -17.46% |
| Sep 30, 2025 | -22.24% |
| Jun 30, 2025 | -24.02% |
| Mar 31, 2025 | -32.08% |
| Dec 31, 2024 | -11.07% |
| Sep 30, 2024 | -15.97% |
| Jun 30, 2024 | -22.11% |
| Mar 31, 2024 | -41.78% |
| Dec 31, 2023 | -3.40% |
| Sep 30, 2023 | -23.83% |
| Jun 30, 2023 | -34.41% |
| Mar 31, 2023 | -40.17% |
| Dec 31, 2022 | -7.01% |
| Sep 30, 2022 | -20.75% |
| Jun 30, 2022 | -33.71% |
| Mar 31, 2022 | -49.95% |
| Dec 31, 2021 | -14.09% |
| Sep 30, 2021 | -18.49% |
| Jun 30, 2021 | -31.93% |