AMZNprintsminutestrendsdividendsdrawdownsP/E 28.4macronarrativesvolatilitybuybackssentiment+0.8%marginsMSFTPMI 52.1momentumdividendsflowsPMI 52.1digeststhreadsvolatilityearnings callsvolumesβ 1.24breakoutsnewsflow2s10sliquidityheadlines−1.2%breakoutsnoiseGOOGLbuybacksrevisionstrendsPMI 52.1briefstickersnoiseGDPsentimentchattertranscriptsGOOGLsentimentvolatilitybuybacksMSFTwhispersMETAsessionsyield curves13FfuturesdowngradesPMI 52.1headlinesthe tapeflowsdowngradesfutures+0.8%earnings callstranscriptsclosesgammacatalystsrevisionsvolatilitysentimentchatter+2.41%earnings callssentimentfilingstrends10y 4.21%cyclesbuybackswiresspx 0dtewhisperstickersQ3trendsnewsflowearnings callsWTI 78.2sentimentnoisethreadsrumorsnarrativesFOMCconsensusestimatesmomentumYoY +18%tickersmomentumprintsβ 1.24revisions

momentumheadlines52w hipositioning2s10sfilingstrendsprintstrendsmacrocyclesnoise2s10smacroQ3narrativesheadlinesflowscyclesnarrativesspreadstranscriptsdowngradesupgradeswhisperswhispersminutesthe tapeNDXfuturesminutesyield curves52w hithe tapeFOMCcatalystsbriefsthe tapeNVDAguidancetrends52w hidrawdowns2s10swhispersmomentumdrawdownsbuybacks

PCEliquiditysentimentbreakoutsdowngradesP/E 28.4threadsAAPLSPXvolatilityNDXflowscyclesliquidityestimatesEPS 4.12

VRNS · NASDAQ · Software - Infrastructure

Varonis Systems (VRNS)

Maps and protects enterprise data, access, and AI activity through a SaaS security platform.

$47.42

vs last close−1.03 (−2.13%)

In millions of USD, except per-share figures

In millions	Q3 FY23Sep 2023	Q4 FY23Dec 2023	Q1 FY24Mar 2024	Q2 FY24Jun 2024	Q3 FY24Sep 2024	Q4 FY24Dec 2024	Q1 FY25Mar 2025	Q2 FY25Jun 2025	Q3 FY25Sep 2025	Q4 FY25Dec 2025	Q1 FY26Mar 2026	Q2 FY26Jun 2026
Revenue	122	154	114	130	148	159	136	152	162	173	173	180
Cost of revenue	17	19	21	22	24	26	29	31	35	37	42	45
Gross profit	105	135	93	108	124	132	107	121	126	137	132	136
	138	145	144	140	149	147	151	157	162	167	176	176
Research & development	45	48	48	45	53	51	54	56	63	65	70	73
	93	97	96	95	95	96	96	101	100	102	105	103
Selling & marketing	0	0	0	0	0	0	73	77	74	78	80	79
General & administrative	0	0	0	0	0	0	24	25	26	24	25	24
Other expenses	0	0	0	0	0	0	1	0	0	0	1	0
Operating income	−33	−10	−51	−32	−25	−14	−44	−37	−36	−30	−44	−41
	12	10	12	11	11	4	12	5	8	5	4	−1
Interest income	8	6	9	8	10	8	12	5	8	5	4	0
Interest expense	0	0	0	0	0	0	0	0	0	0	0	1
Other non-operating income	−12	−10	−12	−11	−11	−4	−12	−5	−8	−5	−4	0
Income before tax	−21	0	−39	−21	−13	−10	−32	−32	−28	−25	−40	−41
Income tax expense	3	1	1	3	5	3	4	4	2	3	−3	−5
Net income from continuing operations	−23	−1	−40	−24	−18	−13	−36	−36	−30	−28	−37	−36
Other adjustments	0	0	0	0	0	0	0	0	0	0	0	−11
Net income	−23	−1	−40	−24	−18	−13	−36	−36	−30	−28	−37	−47
EPS, basic	−$0.21	−$0.01	−$0.37	−$0.21	−$0.16	−$0.12	−$0.32	−$0.32	−$0.26	−$0.23	−$0.32	−$0.41
EPS, diluted	−$0.21	−$0.01	−$0.37	−$0.21	−$0.16	−$0.12	−$0.32	−$0.32	−$0.26	−$0.23	−$0.32	−$0.41
Weighted average shares, basic	109	109	110	112	112	112	113	112	115	129	116	115
Weighted average shares, diluted	109	109	110	112	112	112	113	112	115	129	116	115
EBITDA	−15	3	−36	−18	−11	−7	−29	−29	−25	−20	−36	−33
Depreciation & amortization	5	3	3	3	3	3	2	3	3	4	4	7
EBIT	−21	0	−39	−21	−13	−10	−32	−32	−28	−25	−40	−41