Varonis Systems, Inc. (BIT:1VRNS)

Varonis Systems Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	153.11	185.59	230.74	367.8	805.76	234.09
Short-Term Investments	456.11	385.1	304.01	365.09	2.18	64.53
Cash & Short-Term Investments	609.22	570.69	534.75	732.89	807.94	298.62
Cash Growth	11.16%	6.72%	-27.04%	-9.29%	170.56%	147.26%
Accounts Receivable	123.58	192.83	169.12	135.98	117.18	94.23
Other Receivables	-	43.79	15.41	7.18	3.33	1.59
Receivables	123.58	236.62	184.52	143.16	120.51	95.82
Prepaid Expenses	82.85	28.54	22.78	10.22	6.75	7.94
Other Current Assets	2.45	42.23	25.1	19.39	24.01	17.48
Total Current Assets	818.09	878.07	767.16	905.66	959.21	419.85
Property, Plant & Equipment	74.61	76.39	85.8	95.82	102.05	85.09
Long-Term Investments	591.7	658.9	211.06	-	-	-
Goodwill	39.75	23.14	23.14	23.14	23.14	23.14
Other Intangible Assets	6.01	-	1.26	2.79	4.31	5.85
Other Long-Term Assets	46.93	27.78	15.49	16.34	19.84	21.57
Total Assets	1,577	1,664	1,104	1,044	1,109	555.48
Accounts Payable	6.27	4.31	0.67	2.96	5.32	0.85
Accrued Expenses	143.69	151.18	115	97.91	93.37	83.2
Current Portion of Long-Term Debt	250.91	250.53	-	-	-	-
Current Portion of Leases	10.79	10.85	10.05	9.87	8.79	-
Current Unearned Revenue	296.14	290.11	181.05	110.55	104.22	98.59
Other Current Liabilities	2.3	2.9	0.01	7.45	0.06	-
Total Current Liabilities	710.11	709.89	306.78	228.74	211.77	182.64
Long-Term Debt	450.75	450.24	250.48	248.96	225.33	218.46
Long-Term Leases	40.56	42.79	51.31	57.63	68.69	54.54
Long-Term Unearned Revenue	0.13	2.21	0.89	1.5	2.57	2.78
Other Long-Term Liabilities	7.81	0.54	2.06	2.41	0.71	0.27
Total Liabilities	1,209	1,209	614.26	541.61	511.94	461.41
Common Stock	0.11	0.11	0.11	0.11	0.11	0.1
Additional Paid-In Capital	1,145	1,193	1,143	1,055	1,018	395.35
Retained Earnings	-775.94	-740.16	-644.39	-543.47	-427.6	-310.74
Comprehensive Income & Other	-1.16	2.68	-8.65	-9.56	6.08	9.37
Shareholders' Equity	367.74	455.66	489.65	502.13	596.59	94.07
Total Liabilities & Equity	1,577	1,664	1,104	1,044	1,109	555.48
Total Debt	753.01	754.41	311.84	316.46	302.82	273
Net Cash (Debt)	447.92	475.18	433.98	416.43	505.12	25.62
Net Cash Growth	-3.77%	9.49%	4.21%	-17.56%	1871.65%	-59.80%
Net Cash Per Share	3.99	4.26	3.98	3.81	4.80	0.27
Filing Date Shares Outstanding	111.92	112.55	109.1	107.62	107.51	95.5
Total Common Shares Outstanding	112.88	112.55	109.1	107.67	107.51	95.46
Working Capital	107.98	168.19	460.38	676.91	747.44	237.21
Book Value Per Share	3.26	4.05	4.49	4.66	5.55	0.99
Tangible Book Value	321.98	432.52	465.25	476.2	569.15	65.09
Tangible Book Value Per Share	2.85	3.84	4.26	4.42	5.29	0.68
Machinery	-	37.01	33.61	34.72	29.98	24.58
Leasehold Improvements	-	45.06	45.88	45.52	42.42	37.39

Source: S&P Global Market Intelligence. Standard template. Financial Sources.