Varonis Systems (VRNS) FCF Margin (2013 - 2026)

Varonis Systems' (VRNS) quarterly FCF Margin came in at 25.29% in Q1 2026, down 2284.0% year-on-year from 1.16% in Q1 2025, and up 43.88% quarter-over-quarter from 17.58% in Q4 2025.

Varonis Systems (VRNS) FCF Margin (2013 - 2026) Analysis & Trends

Varonis Systems' FCF Margin history runs 14 years deep, the most recent figure standing at 25.29% for Q1 2026.

  • On a quarterly basis, FCF Margin fell 2284.0% year-over-year to 25.29% in Q1 2026; TTM through Mar 2026 was 18.58%, a 196.0% decrease from a year earlier, with the FY2025 full-year figure at 23.18%, up 349.0% from the prior year.
  • FCF Margin advanced to 25.29% in Q1 2026 per VRNS's latest filing, from 17.58% in the prior quarter.
  • Across five years, FCF Margin topped out at 49.49% in Q1 2024 and bottomed at 18.81% in Q2 2022.
  • The 5-year median for FCF Margin is 14.93% (2025), against an average of 15.2%.
  • Across the five-year window, FCF Margin soared 2209 bps in 2023 and tumbled 2284 bps in 2026, its largest moves.
  • Year by year, FCF Margin stood at 0.23% in 2022, then soared by 2440 bps to 5.38% in 2023, then jumped by 106 bps to 11.09% in 2024, then surged by 59 bps to 17.58% in 2025, then jumped by 44 bps to 25.29% in 2026.
  • Per Business Quant, the three latest VRNS FCF Margin figures stand at 25.29% (Q1 2026), 17.58% (Q4 2025), and 15.9% (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Microsoft 2,895.32 Bn 2,770.88 Bn 56.06 Bn 55.19%
2 PagSeguro Digital 2,672.75 Bn 2,672.75 Bn 358.92 Mn 23.47%
3 Repay Holdings 344.36 Bn 344.21 Bn - -
4 Oracle 339.20 Bn 307.30 Bn - -9.76%
5 Palantir Technologies 296.91 Bn 288.89 Bn 1.42 Bn 54.62%
6 Palo Alto Networks 225.55 Bn 221.01 Bn 1.91 Bn 14.80%
7 CrowdStrike Holdings 185.68 Bn 182.58 Bn 993.68 Mn 48.17%
8 Fortinet 109.83 Bn 106.54 Bn 1.49 Bn 55.21%
9 Cloudflare 95.19 Bn 94.25 Bn 455.60 Mn 25.75%
10 Varonis Systems 4.59 Bn 4.37 Bn 131.56 Mn 25.29%

Historic Data

Download Data
DateValue
Mar 31, 2026 25.29%
Dec 31, 2025 17.58%
Sep 30, 2025 15.90%
Jun 30, 2025 14.93%
Mar 31, 2025 48.13%
Dec 31, 2024 11.09%
Sep 30, 2024 15.18%
Jun 30, 2024 9.22%
Mar 31, 2024 49.49%
Dec 31, 2023 5.38%
Sep 30, 2023 4.90%
Jun 30, 2023 3.29%
Mar 31, 2023 33.76%
Dec 31, 2022 -0.23%
Sep 30, 2022 -2.54%
Jun 30, 2022 -18.81%
Mar 31, 2022 25.87%
Dec 31, 2021 4.63%
Sep 30, 2021 -6.26%
Jun 30, 2021 -13.89%