Varonis Systems (VRNS) EBITDA Margin (2013 - 2026)
Varonis Systems' EBITDA Margin was -12.67% in Q3 2026, up 7.30 percentage points from -19.97% a year earlier but down 2.20 percentage points from the prior quarter.
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Analysis
Varonis Systems (VRNS) EBITDA Margin (2013 - 2026) Analysis & Trends
On a trailing twelve-month basis, Varonis Systems' EBITDA Margin was -11.17% through Sep 30, 2026, up 4.48 percentage points year-over-year; for FY2025, it was -13.20%, down 3.73 percentage points from FY2024.
- EBITDA Margin shows a five-year change of +5.64 percentage points (FY2020 to FY2025).
- In earlier years, EBITDA Margin was -9.46% in FY2024 (+1.04 pp), -10.51% in FY2023 (+2.09 pp), -12.60% in FY2022 (+6.28 pp) and -18.88% in FY2021 (-0.04 pp).
- Quarterly EBITDA Margin has moved between -40.81% (Q1 2022) and 21.58% (Q4 2023) over five years.
- Compared with a year earlier, EBITDA Margin has increased for three straight quarters, with an average year-over-year change of -0.42 percentage points over the last eight quarters.
- The best year-over-year quarter for EBITDA Margin over five years was Q4 2022 (a gain of 28.33 percentage points); the worst was Q4 2024 (a drop of 21.52 percentage points).
- Per Business Quant data, VRNS's EBITDA Margin in the three quarters before Q3 2026 was -10.47% (Q2 2026), -13.95% (Q1 2026) and -7.47% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 235.00 Bn | 220.07 Bn | 2.30 Bn | 20.32% |
| 2 | CrowdStrike Holdings | 221.18 Bn | 201.58 Bn | 1.10 Bn | 11.58% |
| 3 | Snowflake | 96.49 Bn | 83.81 Bn | 1.04 Bn | -8.70% |
| 4 | Fortinet | 87.26 Bn | 71.51 Bn | 1.64 Bn | 40.56% |
| 5 | Datadog | 64.27 Bn | 44.82 Bn | 959.92 Mn | 9.97% |
| 6 | Zscaler | 31.67 Bn | 17.82 Bn | 689.22 Mn | 10.44% |
| 7 | Okta | 29.42 Bn | 19.51 Bn | 641.00 Mn | 20.62% |
| 8 | Axon Enterprise | 25.30 Bn | 19.82 Bn | 546.45 Mn | 8.76% |
| 9 | MongoDB | 25.20 Bn | 15.67 Bn | 569.77 Mn | 4.58% |
| 10 | Varonis Systems | 5.61 Bn | 2.73 Bn | 142.57 Mn | -12.67% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -12.67% |
| Jun 30, 2026 | -10.47% |
| Mar 31, 2026 | -13.95% |
| Dec 31, 2025 | -7.47% |
| Sep 30, 2025 | -19.97% |
| Jun 30, 2025 | -21.75% |
| Mar 31, 2025 | -21.99% |
| Dec 31, 2024 | 0.05% |
| Sep 30, 2024 | -13.76% |
| Jun 30, 2024 | -19.63% |
| Mar 31, 2024 | -29.42% |
| Dec 31, 2023 | 21.58% |
| Sep 30, 2023 | -21.13% |
| Jun 30, 2023 | -24.03% |
| Mar 31, 2023 | -34.25% |
| Dec 31, 2022 | 18.39% |
| Sep 30, 2022 | -14.05% |
| Jun 30, 2022 | -31.13% |
| Mar 31, 2022 | -40.81% |
| Dec 31, 2021 | -9.94% |
API Access
Varonis Systems EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=VRNS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "VRNS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=VRNS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();