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Varonis Systems is a cybersecurity vendor focused on data privacy and security. The firm is currently undergoing a cloud transition as it weans its on-premises customers over to its cloud products that are delivered as software-as-a-service. The New York-based firm was founded in 2005 and went public in 2014.
2004
2.4K+
LTM Revenue $571M
LTM EBITDA $27.1M
$4.9B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Varonis Systems has a last 12-month revenue of $571M and a last 12-month EBITDA of $27.1M.
In the most recent fiscal year, Varonis Systems achieved revenue of $551M and an EBITDA of -$67.3M.
Varonis Systems expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Varonis Systems valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $499M | $551M | XXX | XXX | XXX |
| Gross Profit | $404M | $427M | XXX | XXX | XXX |
| Gross Margin | 81% | 78% | XXX | XXX | XXX |
| EBITDA | -$72.0M | -$67.3M | XXX | XXX | XXX |
| EBITDA Margin | -14% | -12% | XXX | XXX | XXX |
| Net Profit | -$125M | -$101M | XXX | XXX | XXX |
| Net Margin | -25% | -18% | XXX | XXX | XXX |
| Net Debt | n/a | $19.7M | XXX | XXX | XXX |
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As of April 15, 2025, Varonis Systems's stock price is $42.
Varonis Systems has current market cap of $4.7B, and EV of $4.9B.
See Varonis Systems trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $4.9B | $4.7B | XXX | XXX | XXX | XXX | $0.27 |
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Sign UpAs of April 15, 2025, Varonis Systems has market cap of $4.7B and EV of $4.9B.
Varonis Systems's trades at 8.5x LTM EV/Revenue multiple, and 179.7x LTM EBITDA.
Analysts estimate Varonis Systems's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Varonis Systems and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $4.9B | XXX | XXX | XXX |
| EV/Revenue | 8.8x | XXX | XXX | XXX |
| EV/EBITDA | -72.4x | XXX | XXX | XXX |
| P/E | -49.0x | XXX | XXX | XXX |
| P/E/Growth | n/a | XXX | XXX | XXX |
| EV/FCF | 47.9x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpVaronis Systems's NTM/LTM revenue growth is 14%
Varonis Systems's revenue per employee for the last fiscal year averaged $0.2M, while opex per employee averaged $0.2M for the same period.
Over next 12 months, Varonis Systems's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Varonis Systems's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Varonis Systems and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 10% | XXX | XXX | XXX | XXX |
| EBITDA Margin | -12% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -7% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 1% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.2M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.2M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 52% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 16% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 36% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 104% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| archTIS | XXX | XXX | XXX | XXX | XXX | XXX |
| FirstWave | XXX | XXX | XXX | XXX | XXX | XXX |
| Prophecy International | XXX | XXX | XXX | XXX | XXX | XXX |
| Qoria | XXX | XXX | XXX | XXX | XXX | XXX |
| Quick Heal | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Varonis Systems acquired XXX companies to date.
Last acquisition by Varonis Systems was XXXXXXXX, XXXXX XXXXX XXXXXX . Varonis Systems acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Varonis Systems founded? | Varonis Systems was founded in 2004. |
| Where is Varonis Systems headquartered? | Varonis Systems is headquartered in United States of America. |
| How many employees does Varonis Systems have? | As of today, Varonis Systems has 2.4K+ employees. |
| Who is the CEO of Varonis Systems? | Varonis Systems's CEO is Mr. Yakov Faitelson. |
| Is Varonis Systems publicy listed? | Yes, Varonis Systems is a public company listed on NAS. |
| What is the stock symbol of Varonis Systems? | Varonis Systems trades under VRNS ticker. |
| When did Varonis Systems go public? | Varonis Systems went public in 2014. |
| Who are competitors of Varonis Systems? | Similar companies to Varonis Systems include e.g. archTIS, FirstWave, Prophecy International, Qoria. |
| What is the current market cap of Varonis Systems? | Varonis Systems's current market cap is $4.7B |
| What is the current revenue of Varonis Systems? | Varonis Systems's last 12-month revenue is $571M. |
| What is the current EBITDA of Varonis Systems? | Varonis Systems's last 12-month EBITDA is $27.1M. |
| What is the current EV/Revenue multiple of Varonis Systems? | Current revenue multiple of Varonis Systems is 8.5x. |
| What is the current EV/EBITDA multiple of Varonis Systems? | Current EBITDA multiple of Varonis Systems is 179.7x. |
| What is the current revenue growth of Varonis Systems? | Varonis Systems revenue growth between 2023 and 2024 was 10%. |
| Is Varonis Systems profitable? | Yes, Varonis Systems is EBITDA-positive (as of the last 12 months). |
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