For the quarter ending 2026-03-31, VRNS had -$23,143K decrease in cash & cash equivalents over the period. $50,071K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Total revenues | 173,126 | 173,369 | 161,577 | 152,163 |
| Stock-based compensation | 33,739 | 32,578 | 31,550 | 33,859 |
| Other segment items | 176,241 | 168,566 | 159,969 | 154,128 |
| Net loss | -36,854 | -27,775 | -29,942 | -35,824 |
| Depreciation and amortization | 4,354 | 4,345 | 2,976 | 2,569 |
| Stock-based compensation | 33,739 | 32,578 | 31,550 | 33,859 |
| Amortization of deferred commissions | 15,971 | 12,962 | 13,817 | 13,788 |
| Non-cash operating lease costs | 2,482 | 2,617 | 2,490 | 2,476 |
| Amortization of debt issuance costs | 510 | 505 | 697 | 887 |
| Amortization of premium and accretion of discount on marketable securities, net | -882 | -1,056 | -797 | -315 |
| Deferred income taxes, net | -9,134 | - | - | - |
| Remeasurement of options to repurchase common stock | -2,091 | 253 | - | - |
| Acquired in-process research and development | - | 0 | 0 | - |
| Accounts receivable | -86,206 | 99,088 | -7,530 | 26,125 |
| Prepaid expenses and other short-term assets | 2,547 | -3,048 | -2,781 | 9,650 |
| Deferred commissions | 19,748 | 33,135 | 22,139 | 21,989 |
| Other long-term assets | 11,253 | 855 | -841 | 1,132 |
| Trade payables | 5,026 | 474 | -2,047 | 841 |
| Accrued expenses and other short-term liabilities | -14,081 | 29,406 | 7,467 | 32,681 |
| Deferred revenues | -2,785 | 97,970 | 16,034 | 28,082 |
| Other long-term liabilities | 183 | 829 | 546 | 571 |
| Net cash provided by operating activities | 55,042 | 24,684 | 33,398 | 21,349 |
| Proceeds from maturities of marketable securities | 93,840 | 40,875 | 198,080 | 70,000 |
| Proceeds from sales of marketable securities | 90,250 | 0 | - | - |
| Investment in marketable securities | 0 | 0 | 171,792 | 0 |
| Proceeds from short-term and long-term deposits | 62,570 | 93,863 | 59,655 | 65,576 |
| Investment in short-term and long-term deposits | 63,691 | 94,490 | 59,701 | 60,099 |
| Acquisition, net of cash acquired | - | - | - | 0 |
| Acquisitions, net of cash acquired | 113,619 | 0 | 123,514 | - |
| Purchases of property and equipment | 4,971 | 3,941 | 2,971 | 3,377 |
| Capitalized internal-use software | 1,048 | 384 | 1,534 | 650 |
| Other investing activities | - | - | - | 1,500 |
| Purchase of in-process research and development | - | 0 | 0 | - |
| Net cash provided by (used in) investing activities | 63,331 | 35,923 | -81,693 | 69,950 |
| Repurchase of common stock | 135,000 | 15,000 | 0 | 38,736 |
| Repayment of convertible senior notes | - | 0 | 137 | - |
| Proceeds from options to repurchase common stock | 2,900 | - | - | - |
| Proceeds from employee stock plans | 7,970 | 0 | 7,186 | 0 |
| Taxes paid related to net share settlement of equity awards | 17,386 | 732 | 631 | 6,439 |
| Proceeds from options to repurchase common stock | - | 253 | - | - |
| Proceeds from issuance of convertible senior notes, net of issuance costs | - | 0 | 0 | - |
| Purchases of capped calls | - | 0 | 0 | - |
| Net cash used in financing activities | -141,516 | -15,479 | 6,418 | -45,175 |
| Decrease in cash and cash equivalents | -23,143 | 45,128 | -41,877 | 46,124 |
| Cash and cash equivalents at beginning of period | 202,482 | 157,354 | 199,231 | 153,107 |
| Cash and cash equivalents at end of period | 179,339 | 202,482 | 157,354 | 199,231 |
VARONIS SYSTEMS INC (VRNS)
VARONIS SYSTEMS INC (VRNS)