Varonis Systems, Inc. (VRNS) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 1.08B | 1.3B | 961.39M | 1.07B | 818.09M | 843.94M | 1.07B | 816.14M | 707.76M | 745.46M | 686.08M | 905.32M | 876.04M | 886.27M | 916.59M | 906.59M | 903.51M | 941.28M | 911.55M | 896.96M |
| Cash & Short-Term Investments | 785.91M | 920.97M | 707.92M | 807.45M | 609.22M | 568.42M | 878.96M | 627.31M | 548.07M | 533.72M | 525.09M | 753.75M | 756.27M | 732.49M | 790.35M | 788.76M | 804.09M | 807.61M | 813.43M | 813.67M |
| Cash Only | 179.34M | 202.48M | 157.35M | 199.23M | 153.11M | 185.59M | 282.22M | 155.4M | 147.05M | 230.74M | 111.2M | 399.2M | 248.59M | 367.8M | 754.25M | 753.17M | 775.72M | 805.76M | 803.14M | 781.36M |
| Short-Term Investments | 606.57M | 718.48M | 550.57M | 608.22M | 456.11M | 382.83M | 596.74M | 471.91M | 401.02M | 302.98M | 413.89M | 354.56M | 507.69M | 364.69M | 36.11M | 35.59M | 28.37M | 1.85M | 10.29M | 32.31M |
| Accounts Receivable | 156.62M | 242.82M | 142.63M | 149.7M | 123.58M | 236.62M | 119.2M | 122.41M | 100.44M | 184.52M | 111.08M | 103.67M | 75.39M | 143.16M | 91.69M | 83.93M | 63.6M | 120.51M | 71.38M | 60.15M |
| Days Sales Outstanding | 103.82 | 102.27 | 83.22 | 81.72 | 118.81 | 103.26 | 75.06 | 77.79 | 113.71 | 88.24 | 80.77 | 70.59 | 91.63 | 75.75 | 65.51 | 60.23 | 86.07 | 69.74 | 60.29 | 57.35 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 138.51M | 134.77M | 110.84M | 111.21M | 85.29M | 10.37M | 76.21M | 66.42M | 59.24M | 4.44M | 49.91M | 47.9M | 44.38M | 406K | 34.56M | 33.9M | 35.81M | 6.41M | 26.74M | 23.14M |
| Total Non-Current Assets | 553.54M | 493.06M | 703.62M | 546.65M | 759M | 820.33M | 446.79M | 278.67M | 345.89M | 358.45M | 334.63M | 131.57M | 135.28M | 157.46M | 141.91M | 145.69M | 148.05M | 167.26M | 146.93M | 135.38M |
| Property, Plant & Equipment | 96.57M | 93.71M | 93.9M | 74.83M | 74.61M | 76.39M | 74.3M | 77.28M | 80.95M | 85.8M | 87.08M | 90.52M | 93.33M | 95.81M | 96.94M | 100.15M | 100.85M | 102.05M | 99.39M | 87.17M |
| Fixed Asset Turnover | 1.82x | 1.85x | 1.92x | 2.04x | 1.81x | 2.10x | 1.95x | 1.65x | 1.37x | 1.78x | 1.38x | 1.26x | 1.13x | 1.48x | 1.25x | 1.11x | 0.95x | 1.26x | 1.08x | 1.00x |
| Goodwill | 216.8M | 135.28M | 135.18M | 39.75M | 39.75M | 23.14M | 23.14M | 23.14M | 23.14M | 23.14M | 23.14M | 23.14M | 23.14M | 23.14M | 23.14M | 23.14M | 23.14M | 23.14M | 23.14M | 23.14M |
| Intangible Assets | 56.6M | 16.69M | 17.33M | 5.84M | 6.01M | 0 | 119K | 500K | 881K | 1.26M | 1.64M | 2.02M | 2.41M | 2.79M | 3.17M | 3.55M | 3.93M | 4.31M | 4.7M | 5.08M |
| Long-Term Investments | 113.61M | 187.2M | 404.76M | 377.02M | 592.4M | 661.98M | 333.9M | 163.17M | 226.37M | 211.06M | 206.44M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 348K | 0 |
| Other Non-Current Assets | 69.95M | 60.18M | 52.45M | 49.2M | 46.23M | 58.83M | 15.33M | 14.58M | 14.56M | 37.18M | 16.33M | 15.89M | 16.4M | 35.73M | 18.67M | 18.86M | 20.14M | 37.77M | 19.37M | 19.99M |
| Total Assets | 1.63B | 1.79B | 1.67B | 1.62B | 1.58B | 1.66B | 1.52B | 1.09B | 1.05B | 1.1B | 1.02B | 1.04B | 1.01B | 1.04B | 1.06B | 1.05B | 1.05B | 1.11B | 1.06B | 1.03B |
| Asset Turnover | 0.10x | 0.10x | 0.10x | 0.10x | 0.08x | 0.10x | 0.11x | 0.12x | 0.11x | 0.15x | 0.12x | 0.11x | 0.10x | 0.14x | 0.12x | 0.11x | 0.09x | 0.12x | 0.10x | 0.09x |
| Asset Growth % | 3.64% | 7.65% | 9.46% | 47.51% | 49.68% | 50.76% | 49.03% | 5.59% | 4.19% | 5.77% | -3.57% | -1.46% | -3.83% | -5.85% | 0% | 1.93% | 1.33% | 99.56% | 110.64% | 107.17% |
| Total Current Liabilities | 638.61M | 658.96M | 531.91M | 771.4M | 710.11M | 709.88M | 593.98M | 334.45M | 297.19M | 306.78M | 266.56M | 254.75M | 217.34M | 228.74M | 209.43M | 208.91M | 196.09M | 211.77M | 181.62M | 181.56M |
| Accounts Payable | 10.76M | 5.74M | 5.26M | 7.12M | 6.27M | 4.31M | 1.49M | 2.53M | 2.9M | 672K | 1.33M | 680K | 708K | 2.96M | 5.99M | 4.76M | 4.77M | 5.32M | 3.45M | 3.17M |
| Days Payables Outstanding | 17.86 | 13.84 | 16.2 | 19.5 | 16.42 | 10.24 | 7.7 | 11.01 | 7.61 | 4.76 | 5.31 | 3.63 | 9.36 | 24.18 | 28.74 | 24.36 | 25.51 | 23.21 | 21.22 | 12.19 |
| Short-Term Debt | 0 | 0 | 8.99M | 262.55M | 261.7M | 250.53M | 262.04M | 10.09M | 10.12M | 10.05M | 9.58M | 9.69M | 9.85M | 9.87M | 9.72M | 9.58M | 9.24M | 8.79M | 8.32M | 13.82M |
| Deferred Revenue (Current) | 416.38M | 427.81M | 333.58M | 322.79M | 296.14M | 290.11M | 217.6M | 208.91M | 185.09M | 181.05M | 145.45M | 130.73M | 109.3M | 110.55M | 94.19M | 98.37M | 98.76M | 104.22M | 86.25M | 86.42M |
| Other Current Liabilities | 211.47M | 225.41M | 184.08M | 178.95M | 145.99M | 62.81M | 112.84M | 4.24M | 1.57M | 70.85M | 110.2M | 113.65M | 97.49M | 63.36M | 99.53M | 96.2M | 83.32M | 49.38M | 83.59M | 78.15M |
| Current Ratio | 1.69x | 1.97x | 1.81x | 1.38x | 1.15x | 1.19x | 1.81x | 2.44x | 2.38x | 2.43x | 2.57x | 3.55x | 4.03x | 3.87x | 4.38x | 4.34x | 4.61x | 4.44x | 5.02x | 4.94x |
| Quick Ratio | 1.69x | 1.97x | 1.81x | 1.38x | 1.15x | 1.19x | 1.81x | 2.44x | 2.38x | 2.43x | 2.57x | 3.55x | 4.03x | 3.87x | 4.38x | 4.34x | 4.61x | 4.44x | 5.02x | 4.94x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 542.45M | 534M | 528.26M | 502.11M | 499.24M | 498.73M | 498.62M | 301.76M | 304.12M | 307.48M | 309.57M | 311.43M | 312.7M | 312.86M | 316.77M | 316.95M | 319.69M | 300.17M | 299.9M | 280.38M |
| Long-Term Debt | 452.77M | 512.01M | 451.75M | 451.25M | 450.75M | 450.24M | 449.76M | 251.24M | 250.86M | 250.48M | 250.1M | 249.72M | 249.34M | 248.96M | 248.59M | 248.22M | 247.85M | 225.33M | 223.58M | 221.86M |
| Capital Lease Obligations | 58.43M | 59.75M | 59.92M | 39.87M | 40.56M | 42.79M | 43.65M | 45.41M | 48.01M | 51.31M | 51.43M | 53.56M | 55.99M | 57.63M | 58.87M | 61.98M | 65.79M | 68.69M | 70.32M | 52.72M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 8.18M | -52.16M | 8.65M | 10.89M | 7.81M | 3.49M | 3.68M | 5.08M | 4.85M | 4.81M | 7.89M | 7.5M | 5.99M | 4.77M | 7.19M | 4.47M | 3.68M | 3.58M | 4.12M | 3.76M |
| Total Liabilities | 1.18B | 1.19B | 1.06B | 1.27B | 1.21B | 1.21B | 1.09B | 636.21M | 601.3M | 614.26M | 576.14M | 566.18M | 530.04M | 541.61M | 526.2M | 525.86M | 515.78M | 511.94M | 481.51M | 461.95M |
| Total Debt | 511.2M | 571.76M | 520.67M | 753.66M | 753.01M | 754.41M | 755.45M | 306.75M | 308.99M | 311.84M | 311.11M | 312.97M | 315.18M | 316.46M | 317.18M | 319.77M | 322.87M | 302.82M | 302.23M | 288.4M |
| Net Debt | 331.86M | 369.27M | 363.31M | 554.43M | 599.9M | 568.82M | 473.23M | 151.34M | 161.94M | 81.1M | 199.91M | -86.22M | 66.59M | -51.34M | -437.07M | -433.4M | -452.85M | -502.94M | -500.92M | -492.96M |
| Debt / Equity | 1.13x | 0.96x | 0.86x | 2.21x | 2.05x | 1.66x | 1.76x | 0.67x | 0.68x | 0.64x | 0.70x | 0.66x | 0.65x | 0.63x | 0.60x | 0.61x | 0.60x | 0.51x | 0.52x | 0.51x |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -9468.80x | -4.29x | -5.04x | -7.99x |
| Total Equity | 453.51M | 598.66M | 604.84M | 341.5M | 367.74M | 455.66M | 428.56M | 458.61M | 452.35M | 489.65M | 444.57M | 470.71M | 481.28M | 502.13M | 532.31M | 526.43M | 535.78M | 596.59M | 576.97M | 570.39M |
| Equity Growth % | 23.32% | 31.38% | 41.13% | -25.54% | -18.7% | -6.94% | -3.6% | -2.57% | -6.01% | -2.48% | -16.48% | -10.59% | -10.17% | -15.83% | -7.74% | -7.71% | -7.4% | 534.19% | 595.82% | 626.33% |
| Book Value per Share | 3.92 | 4.63 | 5.34 | 3.04 | 3.26 | 4.05 | 3.82 | 4.10 | 4.11 | 4.49 | 4.06 | 4.29 | 4.44 | 4.60 | 4.84 | 4.80 | 4.95 | 5.55 | 5.39 | 5.36 |
| Total Shareholders' Equity | 453.51M | 598.66M | 604.84M | 341.5M | 367.74M | 455.66M | 428.56M | 458.61M | 452.35M | 489.65M | 444.57M | 470.71M | 481.28M | 502.13M | 532.31M | 526.43M | 535.78M | 596.59M | 576.97M | 570.39M |
| Common Stock | 115K | 118K | 118K | 112K | 113K | 113K | 112K | 112K | 112K | 109K | 109K | 110K | 110K | 108K | 110K | 110K | 110K | 108K | 107K | 107K |
| Retained Earnings | -906.33M | -869.48M | -841.7M | -811.76M | -775.94M | -740.15M | -727.16M | -708.83M | -684.88M | -644.39M | -643.49M | -620.48M | -581.78M | -543.47M | -532.73M | -504.01M | -467.72M | -427.6M | -402.66M | -379.35M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 20.53M | 23.13M | 18.38M | 14.5M | -1.16M | 2.68M | -4.38M | -10.63M | -9.11M | -8.65M | -23.12M | -18.02M | -14.38M | -9.56M | -12.36M | -7.92M | 2.89M | 6.08M | 2.53M | 3.09M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |