Varonis Systems (VRNS) Free Cash Flow (2013 - 2026)
Varonis Systems (VRNS) recorded Free Cash Flow of $26.62 million in Q3 2026, down 12.5% from $30.43 million a year earlier but up 28.6% from the prior quarter.
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Analysis
Varonis Systems (VRNS) Free Cash Flow (2013 - 2026) Analysis & Trends
On a TTM basis, Varonis Systems' Free Cash Flow came in at $118.13 million as of Sep 30, 2026, down 11.8% year-over-year; for FY2025, it was $134.8 million, up 24.2% from FY2024.
- Across earlier years, Free Cash Flow came in at $108.51 million in FY2024 (+99.8%), $54.32 million in FY2023, $475,000 in FY2022 and -$3.31 million in FY2021.
- Quarterly Free Cash Flow has ranged from -$17.11 million in Q2 2022 to $65.66 million in Q1 2025 over the past five years.
- On a year-over-year basis, Free Cash Flow rose in six of the last eight quarters, with growth averaging 31.0%.
- Peak year-over-year performance for Free Cash Flow in the last five years was growth of 254.7% in Q3 2024, against a decline of 23.7% in Q1 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at $20.7 million (Q2 2026), $50.07 million (Q1 2026) and $20.74 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 235.00 Bn | 220.07 Bn | 2.30 Bn | 1.25 Bn |
| 2 | CrowdStrike Holdings | 221.18 Bn | 201.58 Bn | 1.10 Bn | 405.86 Mn |
| 3 | Snowflake | 96.49 Bn | 83.81 Bn | 1.04 Bn | 83.80 Mn |
| 4 | Fortinet | 87.26 Bn | 71.51 Bn | 1.64 Bn | 881.80 Mn |
| 5 | Datadog | 64.27 Bn | 44.82 Bn | 959.92 Mn | 279.08 Mn |
| 6 | Zscaler | 31.67 Bn | 17.82 Bn | 689.22 Mn | 79.45 Mn |
| 7 | Okta | 29.42 Bn | 19.51 Bn | 641.00 Mn | 233.00 Mn |
| 8 | Axon Enterprise | 25.30 Bn | 19.82 Bn | 546.45 Mn | -972,000.00 |
| 9 | MongoDB | 25.20 Bn | 15.67 Bn | 569.77 Mn | 139.41 Mn |
| 10 | Varonis Systems | 5.61 Bn | 2.73 Bn | 142.57 Mn | 26.62 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 26.62 Mn |
| Jun 30, 2026 | 20.70 Mn |
| Mar 31, 2026 | 50.07 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 |
API Access
Varonis Systems Free Cash Flow API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=free-cash-flow&ticker=VRNS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "ticker": "VRNS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=free-cash-flow&ticker=VRNS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();