Varonis Systems Inc VRNS
We were incorporated under the laws of the State of Delaware on November 3, 2004 and commenced operations on January 1, 2005. 10-K, Item 1
- Employees
- 2,658
- Headquarters
- Miami, FL
- CEO
- Yakov Faitelson
- Next results
- around Feb 2, 2027
VRNS among Technology peers
Six ratios from the latest 10-K. Each corner is the share of 230 peers the company is above, not a score.
What changed
30 new risk paragraphs and 1 accounting fact worth reading about. 10-K filed Feb 4, 2026 against Feb 6, 2025.
Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.
Accounting checks
10 checks on the latest 10-K. Checks, not verdicts.
1fact worth reading about the other 9 checks found nothing to note
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Receivables growing faster than revenueReceivables +25.9% ($192.8M to $242.8M) vs revenue +13.2% ($551.0M to $623.5M), +12.8 pts apart
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Cash from operations $147.4M vs net income −$129.3M (FY ending Dec 31, 2025)
8 more checks with nothing to note
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Same auditor in both 10-Ks: KOST FORER GABBAY & KASIERER
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No statement of substantial doubt about going concern
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No 8-K item 4.02 in the last 2 years
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No NT 10-K or NT 10-Q in the last 2 years
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The same matters as last year: Kost Forer Gabbay & Kasierer Tel: +972-3-6232525; Tel-Aviv 6492102, Israel; Fax: +972-3-5622555; Revenue Recognition - Evaluation of standalone selling price of subscription licenses
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No sentence in the 10-K concludes that controls were not effective because of a material weakness
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No 8-K item 2.06 in the last 2 years
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No 8-K item 1.03 in the last 2 years
In their words
30 paragraphs in Risk Factors that were not in the 10-K filed Feb 6, 2025. Quoted as filed.
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Item 1A · new paragraph · not in the 10-K filed Feb 6, 2025 10-K, ITEM 1A
Data security is a rapidly growing and evolving market, driven by increasing regulatory demands, the proliferation of data across hybrid environments, the rising sophistication of cyber threats and increasing AI usage, which increases the need for data security. As a result, the market is attracting investment from both established…
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Item 1A · new paragraph · not in the 10-K filed Feb 6, 2025 10-K, ITEM 1A
Lastly, at times, we engage in discussions and collaborations with other technology companies, including companies that offer security‑related products, regarding potential partnerships, integrations, or commercial relationships. While these discussions are intended to expand our ecosystem and market reach, they may involve the sharing…
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Item 1A · new paragraph · not in the 10-K filed Feb 6, 2025 10-K, ITEM 1A
Privacy and data protection laws in the United States and internationally are rapidly evolving and remain subject to uncertainty. U.S. federal, state, and foreign authorities have enacted, and continue to consider, laws governing the collection, use, disclosure, storage, and security of personal information. In the United States, the…
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Item 1A · new paragraph · not in the 10-K filed Feb 6, 2025 10-K, ITEM 1A
High-profile cyberattacks and security breaches have increased in recent years, with the potential for such acts heightened as a result of the number of employees working remotely due to many companies adopting a hybrid working model. Security industry experts and government officials have warned about the risks of hackers and…
New risk paragraphs, against peers
Latest 10-K of each, Technology companies closest in revenue
Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.
Financial performance
Last 4 fiscal years · 10-K XBRL
| Metric | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Revenue | $473.6M | $499.2M | $551.0M | $623.5M |
| Net income | −$124.5M | −$100.9M | −$95.8M | −$129.3M |
| Operating cash flow | $11.9M | $59.4M | $115.2M | $147.4M |
| Free cash flow | $475K | $54.3M | $108.5M | $134.8M |
Revenue, FY2016 to FY2025
Ten fiscal years, each from its own 10-K · XBRL · USD
$623.5M ▲ 13.2% in FY2025−$129.3M in FY2025$134.8M ▲ 24.2% in FY2025
Recent filings
3 filings in the last 30 days · SEC EDGAR
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BuyNov 5, 2026Prishkolnik Rachel (Director) bought $26K open-market purchase on Feb 19, 2026, reported 8 months late
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10-QNov 4, 2026Quarterly report (10-Q) period ended Sep 30, 2026
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8-KNov 3, 2026Quarterly results 8-K item 2.02
About the company
Varonis Systems Inc, Miami, FL · from the 10-K filed Feb 4, 2026
We were incorporated under the laws of the State of Delaware on November 3, 2004 and commenced operations on January 1, 2005. Our principal offices are located at 801 Brickell Avenue, Miami, FL 33131. For convenience in this report, the terms “Company,” “Varonis,” “we” and “us” may be used to refer to Varonis Systems, Inc. and/or its subsidiaries, except where indicated otherwise. Our telephone number is (877) 292-8767.
- Headquarters
- Miami, FL
- Country
- United States
- Reports in
- USD
- Listed on
- Nasdaq
- Fiscal year ends
- December 31
- Last results
- Nov 3, 2026
- Incorporated in
- DE
Employees, at the top of the page: "As of December 31, 2025, we had 2,658 employees and independent contractors who developed, marketed, sold and supported our technology solutions, including 1,139 in the United States, 916 in Israel and 603 in other countries" (10-K). Address and exchange: SEC's company file.
Email alerts
Sources
The 10-K filed Feb 4, 2026 (open at SEC), compared with the 10-K filed Feb 6, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.
Work with it: Excel workbook · CSV. Google Sheet that stays up to date: paste =IMPORTDATA("https://tickdelta.com/company/VRNS/export.csv") into a cell.