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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |