Varonis Systems (VRNS) Free Cash Flow (2013 - 2026)
Varonis Systems (VRNS) posted Free Cash Flow of $27.0 million for Q2 2026, down 38.38% on a QoQ basis from $43.8 million in Q1 2026, and up 50.13% year-over-year from $18.0 million in Q2 2025.
Analysis
Varonis Systems (VRNS) Free Cash Flow (2013 - 2026) Analysis & Trends
Varonis Systems has reported Free Cash Flow for 14 years, with the latest figure at $27.0 million in Q2 2026.
- On a quarterly basis, Free Cash Flow rose 50.13% year-over-year to $27.0 million in Q2 2026; TTM through Jun 2026 was $121.9 million, a 2.3% decrease from a year earlier, with the FY2025 full-year figure at $134.8 million, up 24.24% from the prior year.
- Free Cash Flow was $27.0 million for Q2 2026 at Varonis Systems, down from $43.8 million in the prior quarter.
- The five-year high for Free Cash Flow was $65.7 million in Q1 2025, with the low at -$17.1 million in Q2 2022.
- Average Free Cash Flow over 5 years is $20.5 million, with a median of $20.3 million recorded in 2024.
- The sharpest annual moves came in 2022 and 2023: Free Cash Flow tumbled 66.6% in 2022, then jumped 2628.35% in 2023.
- Over 5 years, Free Cash Flow stood at -$328000.0 in 2022, then surged by 2628.35% to $8.3 million in 2023, then jumped by 140.23% to $19.9 million in 2024, then advanced by 4.12% to $20.7 million in 2025, then jumped by 30.08% to $27.0 million in 2026.
- The last three Free Cash Flow figures came in at $27.0 million (Q2 2026), $43.8 million (Q1 2026), and $20.7 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 269.46 Bn | 266.34 Bn | 2.03 Bn | 788.00 Mn |
| 2 | CrowdStrike Holdings | 213.75 Bn | 208.74 Bn | 1.10 Bn | 405.86 Mn |
| 3 | Fortinet | 115.33 Bn | 111.27 Bn | 1.64 Bn | 965.60 Mn |
| 4 | Axon Enterprise | 40.70 Bn | 40.03 Bn | 546.45 Mn | -972,000.00 |
| 5 | Zscaler | 25.94 Bn | 22.46 Bn | - | - |
| 6 | F5 | 22.10 Bn | 20.50 Bn | 711.51 Mn | 280.61 Mn |
| 7 | Rubrik | 18.86 Bn | 17.11 Bn | 335.12 Mn | 71.25 Mn |
| 8 | Gen Digital | 17.83 Bn | 17.27 Bn | 1.03 Bn | 430.00 Mn |
| 9 | Check Point Software Technologies | 14.27 Bn | 11.99 Bn | 574.10 Mn | 176.70 Mn |
| 10 | Varonis Systems | 5.21 Bn | 4.55 Bn | 135.51 Mn | 26.98 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 26.98 Mn |
| Mar 31, 2026 | 43.79 Mn |
| Dec 31, 2025 | 20.74 Mn |
| Sep 30, 2025 | 30.43 Mn |
| Jun 30, 2025 | 17.97 Mn |
| Mar 31, 2025 | 65.66 Mn |
| Dec 31, 2024 | 19.92 Mn |
| Sep 30, 2024 | 21.25 Mn |
| Jun 30, 2024 | 10.91 Mn |
| Mar 31, 2024 | 56.43 Mn |
| Dec 31, 2023 | 8.29 Mn |
| Sep 30, 2023 | 5.99 Mn |
| Jun 30, 2023 | 4.31 Mn |
| Mar 31, 2023 | 35.72 Mn |
| Dec 31, 2022 | -328,000.00 |
| Sep 30, 2022 | -3.14 Mn |
| Jun 30, 2022 | -17.11 Mn |
| Mar 31, 2022 | 21.05 Mn |
| Dec 31, 2021 | -6.03 Mn |
| Sep 30, 2021 | -6.28 Mn |