Varonis Systems, Inc. (VRNS)
NASDAQ: VRNS · Real-Time Price · USD
41.23
+0.38 (0.93%)
At close: Aug 21, 2026, 4:00 PM EDT
41.40
+0.17 (0.41%)
Pre-market: Aug 24, 2026, 4:57 AM EDT
Varonis Systems Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Net Income | -141.38 | -129.32 | -95.77 | -100.92 | -124.52 | -116.86 |
Depreciation & Amortization | 18.86 | 12.31 | 11.13 | 11.7 | 12.18 | 10.89 |
Other Amortization | 59.57 | 54.9 | 56.54 | 54.59 | 50.85 | 21.02 |
Loss (Gain) From Sale of Assets | - | - | - | - | -0.02 | - |
Asset Writedown & Restructuring Costs | - | - | 6.65 | - | - | - |
Loss (Gain) From Sale of Investments | 3.36 | 2.27 | -12.69 | -9.35 | -0.34 | - |
Stock-Based Compensation | 132.49 | 130.24 | 126.68 | 139.82 | 142.86 | 109.78 |
Other Operating Activities | 2.69 | 9.81 | 9.53 | 9.47 | 9.31 | 8.23 |
Change in Accounts Receivable | 0.37 | -52.55 | -23.72 | -33.14 | -18.8 | -22.95 |
Change in Accounts Payable | 5.02 | 1.23 | 3.64 | -2.29 | -2.36 | 4.47 |
Change in Unearned Revenue | 107.34 | 148.07 | 110.39 | 69.88 | 5.27 | 5.42 |
Change in Other Net Operating Assets | -50.11 | -29.51 | -77.18 | -80.35 | -62.55 | -12.82 |
Operating Cash Flow | 138.21 | 147.43 | 115.2 | 59.42 | 11.87 | 7.18 |
Operating Cash Flow Growth | 1.54% | 27.98% | 93.89% | 400.51% | 65.38% | - |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Capital Expenditures | -16.26 | -12.63 | -6.69 | -5.1 | -11.4 | -10.49 |
Sale of Property, Plant & Equipment | - | - | - | - | 0.02 | - |
Cash Acquisitions | -218.55 | -123.51 | - | - | - | - |
Sale (Purchase) of Intangibles | -3.64 | -2.89 | -6.65 | - | - | - |
Investment in Securities | 290.7 | 138.2 | -518.91 | -137.98 | -362.88 | 64.87 |
Other Investing Activities | 1.5 | - | - | - | - | - |
Investing Cash Flow | 53.75 | -0.84 | -532.26 | -143.08 | -374.25 | 54.38 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Long-Term Debt Issued | - | - | 449.64 | - | - | - |
Long-Term Debt Repaid | - | -0.14 | - | - | - | - |
Net Debt Issued (Repaid) | -0.14 | -0.14 | 449.64 | - | - | - |
Issuance of Common Stock | 18.31 | 14.6 | 16.08 | 11.54 | 11.94 | 511.16 |
Repurchase of Common Stock | -172.21 | -144.16 | -38.3 | -64.94 | -87.52 | -1.04 |
Other Financing Activities | -3.5 | - | -55.52 | - | - | - |
Financing Cash Flow | -157.54 | -129.7 | 371.9 | -53.4 | -75.58 | 510.11 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Net Cash Flow | 34.41 | 16.9 | -45.16 | -137.06 | -437.96 | 571.67 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Free Cash Flow | 121.94 | 134.8 | 108.51 | 54.32 | 0.48 | -3.31 |
Free Cash Flow Growth | -2.30% | 24.24% | 99.76% | 11335.16% | - | - |
Free Cash Flow Margin | 17.72% | 21.62% | 19.69% | 10.88% | 0.10% | -0.85% |
Free Cash Flow Per Share | 1.05 | 1.18 | 0.97 | 0.50 | 0.00 | -0.03 |
Levered Free Cash Flow | 138.68 | 216.16 | 177.8 | 143.02 | 110.22 | 53.54 |
Unlevered Free Cash Flow | 142.39 | 220.57 | 179.85 | 144.45 | 111.64 | 52.94 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 Interest Paid | 6.08 | 7.72 | 3.19 | 3.2 | 3.17 | 3.2 |
Cash Income Tax Paid | - | 3.59 | 24.25 | 16.09 | 7.35 | 8.51 |
Change in Working Capital | 62.62 | 67.24 | 13.13 | -45.89 | -78.44 | -25.88 |