Varonis Systems VRNS
NASDAQ VRNS
$45.48 -0.61 (-1.32%)
As of: Sep 8, 2026 · 3:59 PM EDT

Varonis Systems (VRNS) EV to FCF (2014 - 2026)

Varonis Systems (VRNS) posted EV to FCF of 154.15 for Q2 2026, up 293.0% on a QoQ basis from 39.22 in Q1 2026, and down 43.64% year-over-year from 273.51 in Q2 2025.

Analysis

Varonis Systems (VRNS) EV to FCF (2014 - 2026) Analysis & Trends

Varonis Systems has reported EV to FCF for 13 years, with the latest figure at 154.15 in Q2 2026.

  • On a quarterly basis, EV to FCF fell 43.64% year-over-year to 154.15 in Q2 2026; TTM through Jun 2026 was 34.11, a 13.4% decrease from a year earlier, with the FY2025 full-year figure at 22.05, down 46.51% from the prior year.
  • EV to FCF was 154.15 for Q2 2026 at Varonis Systems, up from 39.22 in the prior quarter.
  • The five-year high for EV to FCF was 537.36 in Q4 2023, with the low at 6016.94 in Q4 2022.
  • Average EV to FCF over 5 years is 174.95, with a median of 177.38 recorded in 2025.
  • The sharpest annual moves came in 2022 and 2023: EV to FCF sank 718.05% in 2022, then jumped 465.75% in 2023.
  • Over 5 years, EV to FCF stood at 6016.94 in 2022, then soared by 108.93% to 537.36 in 2023, then sank by 58.23% to 224.46 in 2024, then slumped by 36.17% to 143.27 in 2025, then increased by 7.59% to 154.15 in 2026.
  • The last three EV to FCF figures came in at 154.15 (Q2 2026), 39.22 (Q1 2026), and 143.27 (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

Historic Data

Download Data
DateValue
Jun 30, 2026 154.15
Mar 31, 2026 39.22
Dec 31, 2025 143.27
Sep 30, 2025 200.62
Jun 30, 2025 273.51
Mar 31, 2025 60.90
Dec 31, 2024 224.46
Sep 30, 2024 259.12
Jun 30, 2024 440.05
Mar 31, 2024 84.37
Dec 31, 2023 537.36
Sep 30, 2023 480.47
Jun 30, 2023 521.69
Mar 31, 2023 65.13
Dec 31, 2022 -6,016.94
Sep 30, 2022 -683.04
Jun 30, 2022 -142.64
Mar 31, 2022 209.28
Dec 31, 2021 -735.52
Sep 30, 2021 -910.87