For the year ending 2025-12-31, VRNS had $16,897K increase in cash & cash equivalents over the period. $134,803K in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Total revenues | 623,532 | 550,950 | - | - |
| Stock-based compensation | 130,242 | 126,682 | - | - |
| Other segment items | 622,614 | 520,033 | - | - |
| Net loss | -129,324 | -95,765 | -100,916 | -124,518 |
| Depreciation and amortization | 12,309 | 11,126 | 11,703 | 12,176 |
| Stock-based compensation | 130,242 | 126,682 | 139,819 | 142,862 |
| Amortization of deferred commissions | 51,920 | 54,392 | 21,531 | 22,264 |
| Non-cash operating lease costs | 10,059 | 9,526 | 9,468 | 9,305 |
| Amortization of debt discount and issuance costs | - | - | 1,514 | 1,486 |
| Amortization of debt issuance costs | 2,976 | 2,144 | - | - |
| Amortization of premium and accretion of discount on marketable securities, net | -2,267 | 12,690 | 9,354 | 344 |
| Income from options to repurchase common stock | 253 | - | - | - |
| Acquired in-process research and development | 0 | 6,653 | - | - |
| Gain from sale of property and equipment | - | 0 | 0 | 21 |
| Trade receivables | 52,554 | 23,716 | 33,137 | 18,800 |
| Prepaid expenses and other short-term assets | -7,256 | 35,332 | 21,459 | 6,161 |
| Deferred commissions | 90,866 | 59,820 | 21,964 | 22,033 |
| Other long-term assets | 1,134 | -347 | 577 | -502 |
| Trade payables | 1,229 | 3,641 | -2,290 | -2,362 |
| Accrued expenses and other short-term liabilities | 52,826 | 17,317 | -5,278 | -9,115 |
| Deferred revenues | 148,074 | 110,389 | 69,882 | 5,266 |
| Other long-term liabilities | 2,404 | 306 | 474 | 1,364 |
| Net cash provided by operating activities | 147,431 | 115,200 | 59,416 | 11,871 |
| Proceeds from maturities of marketable securities | 364,955 | 308,840 | - | - |
| Proceeds from sales and maturities of marketable securities | - | - | -301,350 | -41,600 |
| Proceeds from sales of marketable securities | 0 | 111,552 | - | - |
| Investment in marketable securities | 229,446 | 949,841 | 517,948 | 277,871 |
| Proceeds from short-term and long-term deposits | 253,268 | 34,795 | 214,444 | 15,961 |
| Investment in short-term and long-term deposits | - | - | 135,823 | 142,566 |
| Acquisition, net of cash acquired | - | - | - | 0 |
| Investment in short-term and long-term deposits | 250,579 | 24,254 | - | - |
| Proceeds from sale of property and equipment | - | 0 | 0 | 21 |
| Acquisitions, net of cash acquired | 123,514 | - | - | - |
| Purchases of property and equipment | 12,628 | 6,694 | 5,099 | 11,396 |
| Capitalized internal-use software | 2,893 | - | - | - |
| Purchase of in-process research and development | 0 | 6,653 | - | - |
| Net cash used in investing activities | -837 | -532,255 | -143,076 | -374,251 |
| Proceeds from employee stock plans | 14,349 | 16,082 | 11,537 | 11,940 |
| Taxes paid related to net share settlement of equity awards | 29,162 | 38,295 | 21,415 | 31,077 |
| Repurchase of common stock | 115,000 | 0 | 43,522 | 56,444 |
| Repayment of convertible senior notes | 137 | - | - | - |
| Proceeds from follow-on offering, net | - | - | 0 | 0 |
| Proceeds from options to repurchase common stock | 253 | - | - | - |
| Proceeds from issuance of convertible senior notes, net of issuance costs | 0 | 449,635 | - | 0 |
| Purchases of capped calls | 0 | 55,522 | - | 0 |
| Net cash provided by (used in) financing activities | -129,697 | 371,900 | -53,400 | -75,581 |
| Increase (decrease) in cash and cash equivalents | 16,897 | -45,155 | -137,060 | -437,961 |
| Cash and cash equivalents at beginning of period | 185,585 | 230,740 | 367,800 | 805,761 |
| Cash and cash equivalents at end of period | 202,482 | 185,585 | 230,740 | 367,800 |
VARONIS SYSTEMS INC (VRNS)
VARONIS SYSTEMS INC (VRNS)