Varonis Systems Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

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
Stock-Based Compensation	132.49	130.24	126.68	139.82	142.86	109.78
Other Adjustments	65.88	66.97	60.03	54.7	59.79	29.25
Change in Receivables	0.37	-52.55	-23.72	-33.14	-18.8	-22.95
Changes in Accounts Payable	5.02	1.23	3.64	-2.29	-2.36	4.47
Changes in Accrued Expenses	50.51	52.83	17.32	-5.28	-9.12	5.85
Changes in Unearned Revenue	107.34	148.07	110.39	69.88	5.27	5.42
Changes in Other Operating Activities	-100.62	-82.34	-94.5	-75.07	-53.43	-18.67
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%	-
Capital Expenditures	-16.26	-12.63	-6.69	-5.1	-11.4	-10.49
Sale of Property, Plant & Equipment	-	-	-	-	0.02	-
Purchases of Intangible Assets	-3.64	-2.89	-	-	-	-
Purchases of Investments	-580.5	-480.03	-974.1	-653.77	-420.44	-50
Proceeds from Sale of Investments	871.2	618.22	455.19	515.79	57.56	114.87
Cash Acquisitions	-218.55	-123.51	-6.65	-	-	-
Investing Cash Flow	53.75	-0.84	-532.26	-143.08	-374.25	54.38
Long-Term Debt Issued	-	-	449.64	-	-	-
Long-Term Debt Repaid	-	-0.14	-	-	-	-
Net Long-Term Debt Issued (Repaid)	-	-0.14	449.64	-	-	-
Issuance of Common Stock	15.16	14.35	16.08	11.54	11.94	511.16
Repurchase of Common Stock	-172.21	-144.16	-38.3	-64.94	-87.52	-1.04
Net Common Stock Issued (Repurchased)	-157.05	-129.81	-22.21	-53.4	-75.58	510.11
Other Financing Activities	3.15	0.25	-55.52	-	-	-
Financing Cash Flow	-157.54	-129.7	371.9	-53.4	-75.58	510.11
Net Cash Flow	34.41	16.9	-45.16	-137.06	-437.96	571.67
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%	-	-
FCF 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	-76.54	-9.99	395.15	-107.07	-183.38	-119.39
Unlevered Free Cash Flow	-86.47	-43.42	-94.45	-142.25	-195.08	-106.59

SEC Filings: 10-K · 10-Q