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	304.01	365.09	2.18
Cash & Short-Term Investments	920.97	568.42	534.75	732.89	807.94
Cash Growth	62.02%	6.30%	-27.04%	-9.29%	170.56%
Accounts Receivable	242.82	192.83	169.12	135.98	117.18
Other Receivables	46.52	46.05	15.41	7.18	3.33
Receivables	289.34	238.89	184.52	143.16	120.51
Prepaid Expenses	20.92	28.54	22.78	10.22	6.75
Other Current Assets	67.33	42.23	25.1	19.39	24.01
Total Current Assets	1,299	878.07	767.16	905.66	959.21
Property, Plant & Equipment	93.71	76.39	85.8	95.82	102.05
Long-Term Investments	187.2	658.9	211.06	-	-
Goodwill	135.28	23.14	23.14	23.14	23.14
Other Intangible Assets	16.69	-	1.26	2.79	4.31
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	213.16	151.18	115	97.91	93.37
Current Portion of Long-Term Debt	-	250.53	-	-	-
Current Portion of Leases	9.74	10.85	10.05	9.87	8.79
Current Unearned Revenue	427.81	290.11	181.05	110.55	104.22
Other Current Liabilities	2.52	2.9	0.01	7.45	0.06
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
Long-Term Unearned Revenue	14.41	2.21	0.89	1.5	2.57
Pension & Post-Retirement Benefits	3.01	2.95	2.74	2.36	2.88
Other Long-Term Liabilities	4.57	0.54	2.06	2.41	0.71
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
Retained Earnings	-869.48	-740.16	-644.39	-543.47	-427.6
Comprehensive Income & Other	23.13	2.68	-8.65	-9.56	6.08
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	521.75	754.41	311.84	316.46	302.82
Net Cash (Debt)	586.42	472.91	433.98	416.43	505.12
Net Cash Growth	24.00%	8.97%	4.21%	-17.56%	1871.65%
Net Cash Per Share	5.13	4.24	3.98	3.81	4.80
Filing Date Shares Outstanding	117.45	112.55	109.1	107.62	107.51
Total Common Shares Outstanding	117.55	112.55	109.1	107.67	107.51
Working Capital	639.6	168.19	460.38	676.91	747.44
Book Value Per Share	5.09	4.05	4.49	4.66	5.55
Tangible Book Value	446.69	432.52	465.25	476.2	569.15
Tangible Book Value Per Share	3.80	3.84	4.26	4.42	5.29
Machinery	38.82	37.01	33.61	34.72	29.98
Leasehold Improvements	49.79	45.06	45.88	45.52	42.42

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q