Last 48 quarters of trend data · Technology · Software - Infrastructure
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '26 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -41.85 | — | — | — | — | — | — | — | — | — | — | 227.31 | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 8.71 | 6.72 | 3.59 | 6.11 | 10.22 | 9.34 | 8.35 | 7.88 | 10.71 | 10.29 | 11.38 | 8.01 | 6.83 | 6.33 | 6.57 | 4.58 | 5.91 | 7.21 | 13.36 | 10.35 | 16.22 |
| — | -28.1% | -57.0% | -22.5% | -4.5% | -9.2% | -26.6% | -1.6% | +56.8% | +62.5% | +73.2% | +74.7% | +15.5% | -12.2% | -50.9% | -55.7% | -63.5% | -58.4% | -22.3% | -24.2% | +36.5% | |
| P/B Ratio | 10.20 | 10.88 | 5.48 | 7.08 | 10.92 | 16.65 | 12.39 | 10.97 | 14.80 | 11.70 | 11.47 | 10.08 | 7.52 | 6.21 | 5.86 | 5.21 | 5.48 | 6.11 | 9.60 | 8.78 | 11.29 |
| — | -34.6% | -55.8% | -35.5% | -26.2% | +42.3% | +8.0% | +8.8% | +96.9% | +88.4% | +95.8% | +93.6% | +37.2% | +1.7% | -39.0% | -40.7% | -51.5% | -43.2% | +7.9% | -84.1% | -74.3% | |
| P/FCF | 40.29 | 58.43 | 12.41 | 51.06 | 54.29 | 77.70 | 17.44 | 62.72 | 74.61 | 123.04 | 22.99 | 148.80 | 139.46 | 169.52 | 19.73 | — | — | — | 61.10 | — | — |
| — | -24.8% | -28.8% | -18.6% | -27.2% | -36.9% | -24.1% | -57.9% | -46.5% | -27.4% | +16.5% | — | — | — | -67.7% | — | — | — | -8.5% | — | — | |
| EV / EBITDA | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBIT | — | — | — | — | — | — | — | — | — | — | — | 6636.21 | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '26 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 79.1% | 75.3% | 76.0% | 78.9% | 78.2% | 79.5% | 78.7% | 83.6% | 83.8% | 82.8% | 81.3% | 87.4% | 85.8% | 84.9% | 83.6% | 88.1% | 86.1% | 84.0% | 81.5% | 86.3% | 85.7% |
| — | -5.3% | -3.5% | -5.6% | -6.6% | -4.0% | -3.1% | -4.4% | -2.3% | -2.5% | -2.7% | -0.7% | -0.3% | +1.1% | +2.5% | +2.1% | +0.4% | +0.1% | -0.6% | -0.7% | +0.5% | |
| Operating Margin | -23.5% | -22.6% | -25.7% | -17.5% | -22.2% | -24.0% | -32.1% | -8.9% | -16.7% | -24.5% | -44.6% | -6.5% | -26.7% | -37.3% | -42.6% | -5.3% | -19.5% | -33.4% | -50.4% | -20.0% | -18.9% |
| — | +6.0% | +19.9% | -95.9% | -33.5% | +2.1% | +28.1% | -37.2% | +37.7% | +34.2% | -4.7% | -22.5% | -36.9% | -11.4% | +15.4% | +73.5% | -3.1% | -3.3% | -10.6% | -164.7% | +11.7% | |
| Net Margin | -20.7% | -26.0% | -21.3% | -16.0% | -18.5% | -23.5% | -26.2% | -8.2% | -12.4% | -18.4% | -35.5% | -0.6% | -18.8% | -33.5% | -35.7% | -7.5% | -23.3% | -32.6% | -50.7% | -19.7% | -23.2% |
| — | -10.4% | +18.8% | -95.4% | -49.7% | -28.1% | +26.1% | -1306.8% | +34.2% | +45.2% | +0.5% | +92.3% | +19.2% | -3.0% | +29.6% | +61.8% | -0.2% | +12.6% | -6.2% | +1.4% | +7.3% |
| Metric | TTM | Q2 '26 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -24.5% | -10.4% | -7.0% | -4.6% | -6.3% | -10.1% | -8.7% | -2.9% | -4.1% | -5.3% | -8.6% | -0.2% | -5.0% | -8.1% | -7.8% | -2.1% | -5.4% | -6.8% | -8.6% | -4.3% | -4.1% |
| — | -3.2% | +19.4% | -57.0% | -53.1% | -92.1% | -1.1% | -1429.2% | +17.8% | +35.3% | -10.4% | +90.8% | +7.3% | -19.0% | +9.5% | +51.1% | -33.5% | -19.1% | +18.8% | +80.2% | +82.9% | |
| ROA | -7.5% | -2.8% | -2.2% | -1.6% | -1.8% | -2.2% | -2.2% | -0.8% | -1.4% | -2.2% | -3.8% | -0.1% | -2.2% | -3.8% | -3.7% | -1.0% | -2.7% | -3.4% | -4.5% | -2.3% | -2.2% |
| — | -26.8% | +2.6% | -97.0% | -30.3% | -0.7% | +41.2% | -865.4% | +37.4% | +41.0% | -0.7% | +91.7% | +17.8% | -9.5% | +17.4% | +55.6% | -22.0% | -8.4% | -0.9% | +36.0% | +42.0% | |
| ROIC | -11.0% | -4.0% | -3.8% | -2.3% | -2.9% | -2.9% | -3.3% | -1.1% | -2.4% | -3.9% | -6.4% | -1.2% | -4.8% | -6.9% | -6.9% | -2.1% | -19.2% | -31.8% | -41.2% | -22.4% | -18.6% |
| — | -36.0% | -14.8% | -113.2% | -18.2% | +24.9% | +48.8% | +10.9% | +48.7% | +43.4% | +6.3% | +40.5% | +75.1% | +78.2% | +83.3% | +90.7% | -3.3% | -40.6% | -98.1% | -435.4% | -81.0% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '26 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.96 | 1.16 | 1.15 | 0.96 | 0.86 | 2.21 | 2.05 | 1.66 | 1.76 | 0.67 | 0.68 | 0.64 | 0.70 | 0.66 | 0.65 | 0.63 | 0.60 | 0.61 | 0.60 | 0.51 | 0.52 |
| — | -47.4% | -43.8% | -42.3% | -51.2% | +229.9% | +199.8% | +160.0% | +151.9% | +0.6% | +4.3% | +1.1% | +17.4% | +9.5% | +8.7% | +24.2% | +13.8% | +20.1% | +21.2% | -82.5% | -84.1% | |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Current Ratio | 1.97 | 1.65 | 1.69 | 1.97 | 1.81 | 1.38 | 1.15 | 1.19 | 1.81 | 2.44 | 2.38 | 2.43 | 2.57 | 3.55 | 4.03 | 3.87 | 4.38 | 4.34 | 4.61 | 4.44 | 5.02 |
| — | +18.8% | +46.9% | +65.8% | -0.1% | -43.2% | -51.6% | -51.1% | -29.7% | -31.3% | -40.9% | -37.3% | -41.2% | -18.1% | -12.5% | -12.8% | -12.8% | -12.2% | -8.2% | +100.1% | +85.7% | |
| Quick Ratio | 1.97 | 1.65 | 1.69 | 1.97 | 1.81 | 1.38 | 1.15 | 1.19 | 1.81 | 2.44 | 2.38 | 2.43 | 2.57 | 3.55 | 4.03 | 3.87 | 4.38 | 4.34 | 4.61 | 4.44 | 5.02 |
| — | +18.8% | +46.9% | +65.8% | -0.1% | -43.2% | -51.6% | -51.1% | -29.7% | -31.3% | -40.9% | -37.3% | -41.2% | -18.1% | -12.5% | -12.8% | -12.8% | -12.2% | -8.2% | +100.1% | +85.7% | |
| Interest Coverage | -9.01 | -53.25 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | -9468.80 | -4.29 | -5.04 |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
Live VCP patterns, Cup & Handle overlays, support/resistance, and AI trade plans.
High-probability breakout stocks crossing their pivot across 5 pattern engines.
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying VRNS stock.
Varonis Systems, Inc.'s current P/E is -41.8x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Varonis Systems, Inc.'s current operating margin is -23.5%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Varonis Systems, Inc.'s business trajectory between earnings reports.