Varonis Systems (VRNS) EV to CFO (2014 - 2026)
Varonis Systems (VRNS) posted EV to CFO of 165.83 for Q2 2026, up 431.43% on a QoQ basis from 31.2 in Q1 2026, and down 27.98% year-over-year from 230.25 in Q2 2025.
Analysis
Varonis Systems (VRNS) EV to CFO (2014 - 2026) Analysis & Trends
Varonis Systems has reported EV to CFO for 13 years, with the latest figure at 165.83 in Q2 2026.
- On a quarterly basis, EV to CFO fell 27.98% year-over-year to 165.83 in Q2 2026; TTM through Jun 2026 was 30.09, a 16.68% decrease from a year earlier, with the FY2025 full-year figure at 20.16, down 48.07% from the prior year.
- EV to CFO was 165.83 for Q2 2026 at Varonis Systems, up from 31.2 in the prior quarter.
- The five-year high for EV to CFO was 574.71 in Q4 2022, with the low at 1308.54 in Q3 2022.
- Average EV to CFO over 5 years is 128.92, with a median of 181.12 recorded in 2022.
- The sharpest annual moves came in 2022 and 2023: EV to CFO sank 95.62% in 2022, then surged 329.78% in 2023.
- Over 5 years, EV to CFO stood at 574.71 in 2022, then declined by 25.78% to 426.56 in 2023, then sank by 56.81% to 184.22 in 2024, then slumped by 34.64% to 120.39 in 2025, then jumped by 37.74% to 165.83 in 2026.
- The last three EV to CFO figures came in at 165.83 (Q2 2026), 31.2 (Q1 2026), and 120.39 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Palo Alto Networks | 269.46 Bn | 266.34 Bn | 2.03 Bn |
| 2 | CrowdStrike Holdings | 213.75 Bn | 208.74 Bn | 1.10 Bn |
| 3 | Fortinet | 115.33 Bn | 111.27 Bn | 1.64 Bn |
| 4 | Axon Enterprise | 40.70 Bn | 40.03 Bn | 546.45 Mn |
| 5 | Zscaler | 25.94 Bn | 22.46 Bn | - |
| 6 | F5 | 22.10 Bn | 20.50 Bn | 711.51 Mn |
| 7 | Rubrik | 18.86 Bn | 17.11 Bn | 335.12 Mn |
| 8 | Gen Digital | 17.83 Bn | 17.27 Bn | 1.03 Bn |
| 9 | Check Point Software Technologies | 14.27 Bn | 11.99 Bn | 574.10 Mn |
| 10 | Varonis Systems | 5.21 Bn | 4.55 Bn | 135.51 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 165.83 |
| Mar 31, 2026 | 31.20 |
| Dec 31, 2025 | 120.39 |
| Sep 30, 2025 | 182.77 |
| Jun 30, 2025 | 230.25 |
| Mar 31, 2025 | 58.80 |
| Dec 31, 2024 | 184.22 |
| Sep 30, 2024 | 244.99 |
| Jun 30, 2024 | 409.31 |
| Mar 31, 2024 | 83.93 |
| Dec 31, 2023 | 426.56 |
| Sep 30, 2023 | 454.53 |
| Jun 30, 2023 | 387.54 |
| Mar 31, 2023 | 63.16 |
| Dec 31, 2022 | 574.71 |
| Sep 30, 2022 | -1,308.54 |
| Jun 30, 2022 | -168.66 |
| Mar 31, 2022 | 179.48 |
| Dec 31, 2021 | 13,126.28 |
| Sep 30, 2021 | -1,328.53 |