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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	157.35	185.59	230.74	367.8	805.76	234.09
Short-Term Investments	550.57	385.1	304.01	365.09	2.18	64.53
Cash & Short-Term Investments	707.92	570.69	534.75	732.89	807.94	298.62
Cash Growth	-19.46%	6.72%	-27.04%	-9.29%	170.56%	147.26%
Accounts Receivable	142.63	192.83	169.12	135.98	117.18	94.23
Other Receivables	-	43.79	15.41	7.18	3.33	1.59
Receivables	142.63	236.62	184.52	143.16	120.51	95.82
Prepaid Expenses	93.74	28.54	22.78	10.22	6.75	7.94
Other Current Assets	17.1	42.23	25.1	19.39	24.01	17.48
Total Current Assets	961.39	878.07	767.16	905.66	959.21	419.85
Property, Plant & Equipment	93.9	76.39	85.8	95.82	102.05	85.09
Long-Term Investments	395.65	658.9	211.06	-	-	-
Goodwill	135.18	23.14	23.14	23.14	23.14	23.14
Other Intangible Assets	17.33	-	1.26	2.79	4.31	5.85
Other Long-Term Assets	61.56	27.78	15.49	16.34	19.84	21.57
Total Assets	1,665	1,664	1,104	1,044	1,109	555.48
Accounts Payable	5.26	4.31	0.67	2.96	5.32	0.85
Accrued Expenses	180	151.18	115	97.91	93.37	83.2
Current Portion of Long-Term Debt	-	250.53	-	-	-	-
Current Portion of Leases	8.99	10.85	10.05	9.87	8.79	-
Current Unearned Revenue	333.58	290.11	181.05	110.55	104.22	98.59
Other Current Liabilities	4.08	2.9	0.01	7.45	0.06	-
Total Current Liabilities	531.91	709.89	306.78	228.74	211.77	182.64
Long-Term Debt	451.75	450.24	250.48	248.96	225.33	218.46
Long-Term Leases	59.92	42.79	51.31	57.63	68.69	54.54
Long-Term Unearned Revenue	7.93	2.21	0.89	1.5	2.57	2.78
Pension & Post-Retirement Benefits	-	2.95	2.74	2.36	2.88	2.73
Other Long-Term Liabilities	8.65	0.54	2.06	2.41	0.71	0.27
Total Liabilities	1,060	1,209	614.26	541.61	511.94	461.41
Common Stock	0.12	0.11	0.11	0.11	0.11	0.1
Additional Paid-In Capital	1,428	1,193	1,143	1,055	1,018	395.35
Retained Earnings	-841.7	-740.16	-644.39	-543.47	-427.6	-310.74
Comprehensive Income & Other	18.38	2.68	-8.65	-9.56	6.08	9.37
Shareholders' Equity	604.84	455.66	489.65	502.13	596.59	94.07
Total Liabilities & Equity	1,665	1,664	1,104	1,044	1,109	555.48
Total Debt	520.67	754.41	311.84	316.46	302.82	273
Net Cash (Debt)	582.91	475.18	433.98	416.43	505.12	25.62
Net Cash Growth	27.88%	9.49%	4.21%	-17.56%	1871.65%	-59.80%
Net Cash Per Share	5.16	4.26	3.98	3.81	4.80	0.27
Filing Date Shares Outstanding	117.9	112.55	109.1	107.62	107.51	95.5
Total Common Shares Outstanding	117.9	112.55	109.1	107.67	107.51	95.46
Working Capital	429.47	168.19	460.38	676.91	747.44	237.21
Book Value Per Share	5.13	4.05	4.49	4.66	5.55	0.99
Tangible Book Value	452.33	432.52	465.25	476.2	569.15	65.09
Tangible Book Value Per Share	3.84	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.