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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 $580M
LTM EBITDA $21.7M
$5.5B
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 (LTM) of $580M and a last 12-month EBITDA of $21.7M.
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| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $580M | XXX | $551M | XXX | XXX | XXX |
| Gross Profit | $481M | XXX | $457M | XXX | XXX | XXX |
| Gross Margin | 83% | XXX | 83% | XXX | XXX | XXX |
| EBITDA | $21.7M | XXX | -$67.3M | XXX | XXX | XXX |
| EBITDA Margin | 4% | XXX | -12% | XXX | XXX | XXX |
| EBIT | $11.8M | XXX | -$118M | XXX | XXX | XXX |
| EBIT Margin | 2% | XXX | -21% | XXX | XXX | XXX |
| Net Profit | $33.1M | XXX | -$95.8M | XXX | XXX | XXX |
| Net Margin | 6% | XXX | -17% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $515M | XXX | XXX | XXX |
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As of May 30, 2025, Varonis Systems's stock price is $48.
Varonis Systems has current market cap of $5.3B, and EV of $5.5B.
See Varonis Systems trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $5.5B | $5.3B | XXX | XXX | XXX | XXX | $0.25 |
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Start Free TrialAs of May 30, 2025, Varonis Systems has market cap of $5.3B and EV of $5.5B.
Varonis Systems's trades at 9.9x EV/Revenue multiple, and -81.2x EV/EBITDA.
Equity research analysts estimate Varonis Systems's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Varonis Systems has a P/E ratio of 161.1x.
See valuation multiples for Varonis Systems and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $5.3B | XXX | $5.3B | XXX | XXX | XXX |
| EV (current) | $5.5B | XXX | $5.5B | XXX | XXX | XXX |
| EV/Revenue | 9.4x | XXX | 9.9x | XXX | XXX | XXX |
| EV/EBITDA | 251.9x | XXX | -81.2x | XXX | XXX | XXX |
| EV/EBIT | 462.2x | XXX | -46.5x | XXX | XXX | XXX |
| EV/Gross Profit | 11.4x | XXX | n/a | XXX | XXX | XXX |
| P/E | 161.1x | XXX | -55.7x | XXX | XXX | XXX |
| EV/FCF | 47.6x | XXX | 53.7x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialVaronis Systems's last 12 month revenue growth is 14%
Varonis Systems's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.2M for the same period.
Varonis Systems's rule of 40 is 0% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Varonis Systems's rule of X is 39% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Varonis Systems and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 14% | XXX | 14% | XXX | XXX | XXX |
| EBITDA Margin | 4% | XXX | -12% | XXX | XXX | XXX |
| EBITDA Growth | 38% | XXX | n/a | XXX | XXX | XXX |
| Rule of 40 | 0% | XXX | 2% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 39% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 52% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | 36% | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 104% | 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 |
Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.
Start Free Trial| 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 $5.3B |
| What is the current revenue of Varonis Systems? | Varonis Systems's last 12 months revenue is $580M. |
| What is the current revenue growth of Varonis Systems? | Varonis Systems revenue growth (NTM/LTM) is 14%. |
| What is the current EV/Revenue multiple of Varonis Systems? | Current revenue multiple of Varonis Systems is 9.4x. |
| Is Varonis Systems profitable? | Yes, Varonis Systems is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Varonis Systems? | Varonis Systems's last 12 months EBITDA is $21.7M. |
| What is Varonis Systems's EBITDA margin? | Varonis Systems's last 12 months EBITDA margin is 4%. |
| What is the current EV/EBITDA multiple of Varonis Systems? | Current EBITDA multiple of Varonis Systems is 251.9x. |
| What is the current FCF of Varonis Systems? | Varonis Systems's last 12 months FCF is $115M. |
| What is Varonis Systems's FCF margin? | Varonis Systems's last 12 months FCF margin is 20%. |
| What is the current EV/FCF multiple of Varonis Systems? | Current FCF multiple of Varonis Systems is 47.6x. |
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