What is the 13F Pro Quality Score for VRNS?

13F Pro ranks VARONIS SYSTEMS INC (VRNS) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View VRNS's current score at https://13fpro.ai/research/VRNS (free sign-up required for the full ranking).

Where does 13F Pro source VRNS data?

All VARONIS SYSTEMS INC fundamentals and ownership data come directly from SEC EDGAR. VARONIS SYSTEMS INC files with the SEC under CIK 1361113. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is VRNS in?

VARONIS SYSTEMS INC (VRNS) is classified in the Technology sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/technology.

How often is VRNS research updated on 13F Pro?

VRNS's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

VARONIS SYSTEMS INC(VRNS)Stock Analysis

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13F Pro Quality Score

44.5/100

Rank #1,767 of 2,879 stocks

View Technology peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

77.3/100

Profitability

15.4/100

Balance Sheet

20.0/100

Earnings Quality

30.0/100

Free Cash Flow

83.5/100

Institutional Flow

48.6/100

Revenue Scale

40.4/100

Dilution Risk

8.8/100

VRNS Stock Analysis & AI Quality Score

AI stock analysis and institutional research for VARONIS SYSTEMS INC (VRNS), a Technology sector company. 13F Pro's AI-powered ranking engine scores VRNS at 44.5/100 on a 32-signal composite quality model, placing it at rank #1,767 of 2,879 stocks — the bottom half of the AI-ranked universe. VRNS scores in the top quartile across free cash flow (83.5), revenue growth (77.3). Areas of concern include profitability (15.4) and balance sheet strength (20.0), which score below median versus the broader universe. Shareholder dilution risk is elevated at 8.8/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), VARONIS SYSTEMS INC reports quarterly revenue of $173.1M, net income of $-36.9M, an operating margin of -25.7%. Top institutional holders of VRNS by reported 13-F value include BlackRock,, VANGUARD PORTFOLIO MANAGEMENT, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. VRNS trades on the Nasdaq exchange and files with the SEC under CIK 1361113. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate VRNS daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for VARONIS SYSTEMS INC directly from SEC EDGAR. VARONIS SYSTEMS INC's 13F Pro composite quality score has ranged between 38 and 45 since 2026, currently 44.5 — a stable long-term trajectory across 10 quarterly and live scoring snapshots.

✦

Fun facts about VARONIS SYSTEMS INC

Quirks, history, and lore behind VRNS — the kind of stuff that makes a stock memorable.

1
The Basics
A cybersecurity company · dual-headquartered in Israel and the U.S. · listed on Nasdaq · focused on protecting one of the most overlooked corners of enterprise IT.
2
The Numbers
Annual revenue in the range of $500 million, with a customer base tilted heavily toward large enterprises — think Fortune 500 firms worried about their most sensitive files.
3
The History
Founded in the mid-2000s by Israeli tech veterans, it went public on Nasdaq in 2012 and built its business around a problem most companies didn't realize they had.
4
The Secret
Its core obsession is data security — specifically who is touching your files, folders, and emails, and whether they should be. Think of it as a surveillance camera for your data.
5
The Lore
The company pioneered the idea of User and Entity Behavior Analytics (UEBA) — flagging when someone's file-access patterns suddenly look very, very wrong. Ransomware gangs are not fans.
6
The Giveaway
Its ticker is VRNS, its name sounds vaguely Roman, and it guards your unstructured data — all those sprawling file shares and cloud drives — so your next insider threat doesn't walk out the door with everything.

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Revenue

Q1 2026

$173.1M

Net Income

Q1 2026

$-36.9M

Free Cash Flow

Q1 2026

$50.1M

Operating Margin

Q1 2026

-25.7%

ROIC

Q1 2026

-9.8%

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+24.9% YoY

$623.5MFY 2025

FY21 $390.1MFY22 $473.6MFY23 $499.2MFY25 $623.5M

Net Income

-28.2% YoY

$-129.3MFY 2025

FY21 $-116.9MFY22 $-124.5MFY23 $-100.9MFY25 $-129.3M

Operating Income

-25.0% YoY

$-146.5MFY 2025

FY21 $-98.7MFY22 $-121.2MFY23 $-117.2MFY25 $-146.5M

EPS (Diluted)

-22.8% YoY

$-1.13FY 2025

FY21 $-1.11FY22 $-1.14FY23 $-0.92FY25 $-1.13

Total Assets

+62.3% YoY

$1.79BFY 2025

FY21 $1.11BFY22 $1.04BFY23 $1.10BFY25 $1.79B

Op. Cash Flow

+148.1% YoY

$147.4MFY 2025

FY21 $7.2MFY22 $11.9MFY23 $59.4MFY25 $147.4M

Metric	FY 2025	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Revenue	$623.5M +24.9%	$499.2M +5.4%	$473.6M +21.4%	$390.1M +33.3%	$292.7M +15.1%	$254.2M
Net Income	$-129.3M -28.2%	$-100.9M +19.0%	$-124.5M -6.6%	$-116.9M -24.3%	$-94.0M -19.4%	$-78.8M
Operating Income	$-146.5M -25.0%	$-117.2M +3.3%	$-121.2M -22.8%	$-98.7M -25.9%	$-78.4M -3.2%	$-76.0M
EPS (Diluted)	$-1.13 -22.8%	$-0.92 +19.3%	$-1.14 -2.7%	$-1.11 -233.0%	$-0.33 -14.9%	$-0.29
Total Assets	$1.79B +62.3%	$1.10B +5.8%	$1.04B -5.8%	$1.11B +99.6%	$555.5M +74.5%	$318.3M
Operating Cash Flow	$147.4M +148.1%	$59.4M +400.5%	$11.9M +65.4%	$7.2M +222.9%	$-5.8M +45.3%	$-10.7M

AI Insight: VRNS Financial Trends

Revenue growth stalls at $173M for two consecutive quarters while losses persist, though operating cash flow remains resilient.

• Revenue grew steadily from $130M in Q2 2024 to $173M in Q4 2025, but was flat quarter-over-quarter into Q1 2026.

• Operating cash flow surged to $68M in Q1 2025 and remained elevated at $55M in Q1 2026, well above the $12M in Q2 2024.

• Operating losses narrowed from -$29M in Q2 2024 to -$18M in Q4 2024, but widened again to -$44M in Q1 2026.

⚠ Net loss re-widened to -$37M in Q1 2026, matching the worst reading in this dataset set in Q1 2025.

⚠ Equity declined from $459M in Q2 2024 to $341M in Q2 2025 before rebounding to $454M in Q1 2026 — trajectory worth monitoring.

AI Insight: VRNS Ratio Trends

VRNS remains deeply unprofitable with Q1 seasonality masking gradual full-year improvement — ROIC hit -47.6% in Q1 2025 and rebounded to -20.2% by Q4 2025 before deteriorating again to -39.2% in Q1 2026.

• Operating margin improved from -32.1% in Q1 2025 to -17.5% in Q4 2025, suggesting underlying cost discipline through the year.

• Q1 seasonality is severe: OpMargin drops sharply each Q1 — from -11.1% in Q4 2024 to -32.1% in Q1 2025, and from -17.5% in Q4 2025 to -25.7% in Q1 2026.

• TTM OpMargin of -22.3% and ROIC of -32.5% confirm the business remains loss-making on a trailing twelve-month basis.

⚠ ROIC deteriorated to -39.2% in Q1 2026 vs. -20.2% in Q4 2025 — watch whether mid-year quarters recover as in 2025.

⚠ D/E data is entirely absent; inability to assess leverage or balance sheet trajectory is a key analytical gap.

⚠ ROE deepened to -42.0% in Q2 2025 — equity base erosion could accelerate if losses persist without revenue inflection.

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Available Research

13F Pro tracks comprehensive data for VARONIS SYSTEMS INC including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of VRNS

BlackRock, Inc.
$242.7M11,305,133 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$160.7M7,483,115 sh
VANGUARD CAPITAL MANAGEMENT LLC
$109.5M5,100,514 sh
TREMBLANT CAPITAL GROUP
$76.9M3,579,668 sh
Pictet Asset Management Holding SA
$67.0M3,123,056 sh
STATE STREET CORP
$62.4M2,908,597 sh
GEODE CAPITAL MANAGEMENT, LLC
$61.9M2,884,132 sh
FIRST TRUST ADVISORS LP
$60.2M2,803,987 sh
Alyeska Investment Group, L.P.
$56.4M2,625,186 sh
JACOBS LEVY EQUITY MANAGEMENT, INC
$55.4M2,582,147 sh

Fund	Value	Shares
BlackRock, Inc.	$242.7M	11,305,133
VANGUARD PORTFOLIO MANAGEMENT LLC	$160.7M	7,483,115
VANGUARD CAPITAL MANAGEMENT LLC	$109.5M	5,100,514
TREMBLANT CAPITAL GROUP	$76.9M	3,579,668
Pictet Asset Management Holding SA	$67.0M	3,123,056
STATE STREET CORP	$62.4M	2,908,597
GEODE CAPITAL MANAGEMENT, LLC	$61.9M	2,884,132
FIRST TRUST ADVISORS LP	$60.2M	2,803,987
Alyeska Investment Group, L.P.	$56.4M	2,625,186
JACOBS LEVY EQUITY MANAGEMENT, INC	$55.4M	2,582,147

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Is VRNS a good stock to buy?

13F Pro's AI-powered analysis of VARONIS SYSTEMS INC (VRNS) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for VRNS are available on the VRNS stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own VRNS?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling VRNS. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of VARONIS SYSTEMS INC's investment landscape.