Varonis Systems (VRNS) EV to EBITDA (2014 - 2026)
Varonis Systems (VRNS) posted EV to EBITDA of 102.36 for Q2 2026, down 165.1% on a QoQ basis from 38.61 in Q1 2026, and up 23.88% year-over-year from 82.63 in Q2 2025.
Analysis
Varonis Systems (VRNS) EV to EBITDA (2014 - 2026) Analysis & Trends
Varonis Systems has reported EV to EBITDA for 13 years, with the latest figure at 102.36 in Q2 2026.
- On a quarterly basis, EV to EBITDA rose 23.88% year-over-year to 102.36 in Q2 2026; TTM through Jun 2026 was 27.49, a 32.05% increase from a year earlier, with the FY2025 full-year figure at 20.28, up 46.63% from the prior year.
- EV to EBITDA was 102.36 for Q2 2026 at Varonis Systems, down from 38.61 in the prior quarter.
- The five-year high for EV to EBITDA was 38.61 in Q1 2026, with the low at 849.79 in Q4 2023.
- Average EV to EBITDA over 5 years is 160.33, with a median of 99.35 recorded in 2023.
- The sharpest annual moves came in 2022 and 2023: EV to EBITDA jumped 72.82% in 2022, then plunged 330.29% in 2023.
- Over 5 years, EV to EBITDA stood at 197.49 in 2022, then slumped by 330.29% to 849.79 in 2023, then soared by 70.02% to 254.77 in 2024, then jumped by 61.45% to 98.2 in 2025, then dropped by 4.24% to 102.36 in 2026.
- The last three EV to EBITDA figures came in at 102.36 (Q2 2026), 38.61 (Q1 2026), and 98.2 (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 | -102.36 |
| Mar 31, 2026 | -38.61 |
| Dec 31, 2025 | -98.20 |
| Sep 30, 2025 | -169.87 |
| Jun 30, 2025 | -134.48 |
| Mar 31, 2025 | -91.36 |
| Dec 31, 2024 | -254.77 |
| Sep 30, 2024 | -232.96 |
| Jun 30, 2024 | -166.47 |
| Mar 31, 2024 | -99.95 |
| Dec 31, 2023 | -849.79 |
| Sep 30, 2023 | -98.76 |
| Jun 30, 2023 | -56.65 |
| Mar 31, 2023 | -53.95 |
| Dec 31, 2022 | -197.49 |
| Sep 30, 2022 | -83.79 |
| Jun 30, 2022 | -64.95 |
| Mar 31, 2022 | -91.60 |
| Dec 31, 2021 | -248.79 |
| Sep 30, 2021 | -308.24 |