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| Date | Value |
|---|---|
| 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% |