Varonis Systems (VRNS) EBT Margin (2013 - 2026)
Varonis Systems (VRNS) posted EBT Margin of -20.33% for Q3 2026, down 2.93 percentage points from -17.41% a year earlier but up 2.66 percentage points from the prior quarter.
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Analysis
Varonis Systems (VRNS) EBT Margin (2013 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, EBT Margin at Varonis Systems was -20.22%, down 3.55 percentage points year-over-year; for FY2025, it was -18.66%, down 3.59 percentage points from FY2024.
- Annual EBT Margin shows a five-year change of +10.69 percentage points (FY2020 to FY2025).
- In prior years, Varonis Systems' EBT Margin was -15.07% in FY2024 (+2.35 pp), -17.41% in FY2023 (+5.98 pp), -23.40% in FY2022 (+5.01 pp) and -28.41% in FY2021 (+0.94 pp).
- Quarterly EBT Margin has run from a low of -49.19% in Q1 2022 to a high of 0.12% in Q4 2023 over five years.
- On a year-over-year basis, EBT Margin increased in two of the last eight quarters, with an average year-over-year change of -2.72 percentage points.
- The strongest year-over-year quarter for EBT Margin in the past five years was Q1 2023, with a gain of 16.26 percentage points; the weakest was Q3 2025, with a drop of 8.36 percentage points.
- According to Business Quant data, EBT Margin for the three prior quarters was -22.99% (Q2 2026), -23.12% (Q1 2026) and -14.30% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 235.00 Bn | 220.07 Bn | 2.30 Bn | -7.89% |
| 2 | CrowdStrike Holdings | 221.18 Bn | 201.58 Bn | 1.10 Bn | 0.27% |
| 3 | Snowflake | 96.49 Bn | 83.81 Bn | 1.04 Bn | -12.17% |
| 4 | Fortinet | 87.26 Bn | 71.51 Bn | 1.64 Bn | 36.33% |
| 5 | Datadog | 64.27 Bn | 44.82 Bn | 959.92 Mn | 10.41% |
| 6 | Zscaler | 31.67 Bn | 17.82 Bn | 689.22 Mn | 1.66% |
| 7 | Okta | 29.42 Bn | 19.51 Bn | 641.00 Mn | 15.65% |
| 8 | Axon Enterprise | 25.30 Bn | 19.82 Bn | 546.45 Mn | 3.61% |
| 9 | MongoDB | 25.20 Bn | 15.67 Bn | 569.77 Mn | 5.95% |
| 10 | Varonis Systems | 5.61 Bn | 2.73 Bn | 142.57 Mn | -20.33% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -20.33% |
| Jun 30, 2026 | -22.99% |
| Mar 31, 2026 | -23.12% |
| Dec 31, 2025 | -14.30% |
| Sep 30, 2025 | -17.41% |
| Jun 30, 2025 | -20.76% |
| Mar 31, 2025 | -23.32% |
| Dec 31, 2024 | -6.28% |
| Sep 30, 2024 | -9.05% |
| Jun 30, 2024 | -15.79% |
| Mar 31, 2024 | -34.28% |
| Dec 31, 2023 | 0.12% |
| Sep 30, 2023 | -16.77% |
| Jun 30, 2023 | -27.08% |
| Mar 31, 2023 | -32.93% |
| Dec 31, 2022 | -4.01% |
| Sep 30, 2022 | -18.77% |
| Jun 30, 2022 | -31.04% |
| Mar 31, 2022 | -49.19% |
| Dec 31, 2021 | -17.32% |
API Access
Varonis Systems EBT 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=ebt-margin&ticker=VRNS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-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=ebt-margin&ticker=VRNS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();