Varonis Systems Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	202.48	185.59	230.74	367.8	805.76
Short-Term Investments	718.48	382.83	302.98	364.69	1.85
Cash & Short-Term Investments	920.97	568.42	533.72	732.49	807.61
Cash Growth	62.02%	6.50%	-27.14%	-9.30%	170.77%
Accounts Receivable	242.82	192.83	169.12	135.98	117.18
Other Current Assets	134.77	116.82	64.33	37.19	34.42
Total Current Assets	1,299	878.07	767.16	905.66	959.21
Net Property, Plant & Equipment	93.71	76.39	85.8	95.82	102.05
Other Intangible Assets	16.69	-	1.26	2.79	4.31
Goodwill	135.28	23.14	23.14	23.14	23.14
Long-Term Investments	187.2	658.9	211.06	-	-
Other Long-Term Assets	60.18	27.78	15.49	16.34	19.84
Total Assets	1,792	1,664	1,104	1,044	1,109
Accounts Payable	5.74	4.31	0.67	2.96	5.32
Accrued Expenses	225.41	164.93	125.06	115.23	102.23
Current Portion of Long-Term Debt	-	250.53	-	-	-
Unearned Revenue	427.81	290.11	181.05	110.55	104.22
Total Current Liabilities	658.96	709.89	306.78	228.74	211.77
Long-Term Debt	452.26	450.24	250.48	248.96	225.33
Long-Term Leases	59.75	42.79	51.31	57.63	68.69
Other Long-Term Liabilities	21.99	5.7	5.69	6.27	6.15
Total Long-Term Liabilities	534	498.73	307.48	312.86	300.17
Total Liabilities	1,193	1,209	614.26	541.61	511.94
Common Stock	0.12	0.11	0.11	0.11	0.11
Additional Paid-in Capital	1,445	1,193	1,143	1,055	1,018
Accumulated Other Comprehensive Income	23.13	2.68	-8.65	-9.56	6.08
Retained Earnings	-869.48	-740.16	-644.39	-543.47	-427.6
Shareholders' Equity	598.66	455.66	489.65	502.13	596.59
Total Liabilities & Equity	1,792	1,664	1,104	1,044	1,109
Total Debt	512.01	743.56	301.79	306.59	294.02
Net Cash (Debt)	408.96	-175.14	231.93	425.9	513.59
Net Cash Growth	-	-	-45.54%	-17.07%	1933.04%
Net Cash Per Share	3.57	-1.57	2.13	3.90	4.88
Book Value	598.66	455.66	489.65	502.13	596.59
Book Value Per Share	5.23	4.08	4.49	4.59	5.67
Tangible Book Value	446.69	432.52	465.25	476.2	569.15
Tangible Book Value Per Share	3.90	3.87	4.26	4.36	5.40

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.