Varonis Systems VRNS

Varonis Systems trades at 6.2x EV/NTM revenue on a $4.97B enterprise value. Revenue grew 18.3% year over year to $180.0M in the quarter ending June 2026, an annual run rate of $720.0M. Varonis Systems reports a 75.3% gross margin and 31.4-month CAC payback.

ARR ($M)
686
Net Dollar Retention
--
ARR Growth
--
EV / NTM Revenue
6.2x
Payback Period
31.4
EV / Run Rate
6.9x
Price & Key Metrics
Price Performance
Company Details
Share Price: 43.92
Last Filing Date: 2026-06-30
Last Filing: Form
Founding Year: 2005
IPO Year: 2014
% of 52 wk High: 69%
Description
Varonis focuses on protecting enterprise data: sensitive files and emails; confidential customer, patient, and employee data; financial records; strategic and product plans; and other intellectual property. The Varonis Data Security Platform detects cyber threats from both internal and external actors by analyzing data, account activity, and user behavior; prevents and limits disaster by locking down sensitive and stale data; and efficiently sustains a secure state with automation. Varonis products address additional important use cases including data protection, data governance, Zero Trust, compliance, data privacy, classification, and threat detection and response.
Reporting Notes
Categories
Cybersecurity Security Enterprise Software Infrastructure Software Data & Analytics
Valuation
Market Cap: 5,044.673
Enterprise Value: 4,973.098
EV / Revenue Run Rate: 6.9x
EV / NTM Revenue: 6.2x
EV / 2026 Revenue Estimates: 6.8x
EV / 2027 Revenue Estimates: 5.7x
EV / 2028 Revenue Estimates: 4.9x
Key Business Metrics
Net Dollar Retention: --
Customers: --
ARR: 686
ARR Growth %: --
ARR/Customer ($K): --
ARR/Employee ($K): 285
Revenue
Revenue Run Rate: 720
ARR: 686
2026 Revenue Estimates: 735
2027 Revenue Estimates: 868
2028 Revenue Estimates: 1,014
LTM Revenue: 688
Last Year Run Rate: 608
Growth
Revenue Growth: 18%
ARR Growth: --
Growth Persistence: 109%
2026 Revenue Growth Estimates: 19%
2027 Revenue Growth Estimates: 18%
2028 Revenue Growth Estimates: 17%
Financials
Quarterly
Calendar Year
Frequently Asked Questions

How fast is Varonis Systems growing?

Varonis Systems grew revenue 18.3% year over year, reaching $180.0M in the quarter ending June 2026.

What multiple does Varonis Systems trade at?

Varonis Systems trades at 6.2x EV/NTM revenue and 6.9x EV/run-rate, on an enterprise value of $4.97B.

Is Varonis Systems profitable?

For Varonis Systems, operating income was -$40.6M last quarter and LTM free cash flow margin is 17.2%.

How long does it take Varonis Systems to pay back CAC?

Varonis Systems recovers customer acquisition cost in about 31.4 months.

What sector is Varonis Systems in?

Public Comps classifies Varonis Systems under Cybersecurity, Security, Enterprise Software, Infrastructure Software, and Data & Analytics.

Where does Public Comps get Varonis Systems's data?

Figures come from Varonis Systems's own SEC filings, normalised into a consistent quarterly format and refreshed after each earnings release.