Varonis Systems (VRNS) - Net Assets
Based on the latest financial reports, Varonis Systems (VRNS) has net assets worth $598.66 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.79 Billion) and total liabilities ($1.19 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Varonis Systems (VRNS) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $598.66 Million |
| % of Total Assets | 33.41% |
| Annual Growth Rate | 42.74% |
| 5-Year Change | 0.35% |
| 10-Year Change | 623.55% |
| Growth Volatility | 3157.98 |
Varonis Systems - Net Assets Trend (2011–2025)
This chart illustrates how Varonis Systems's net assets have evolved over time, based on quarterly financial data. Also explore Varonis Systems balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Varonis Systems (2011–2025)
The table below shows the annual net assets of Varonis Systems from 2011 to 2025. For live valuation and market cap data, see Varonis Systems (VRNS) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $598.66 Million | +31.38% |
| 2024-12-31 | $455.66 Million | -6.94% |
| 2023-12-31 | $489.65 Million | -2.48% |
| 2022-12-31 | $502.12 Million | -15.83% |
| 2021-12-31 | $596.59 Million | +534.19% |
| 2020-12-31 | $94.07 Million | +0.58% |
| 2019-12-31 | $93.53 Million | -25.40% |
| 2018-12-31 | $125.37 Million | +9.51% |
| 2017-12-31 | $114.48 Million | +38.36% |
| 2016-12-31 | $82.74 Million | -1.01% |
| 2015-12-31 | $83.59 Million | -12.04% |
| 2014-12-31 | $95.03 Million | +12289.31% |
| 2013-12-31 | $767.00K | +50.10% |
| 2012-12-31 | $511.00K | -87.55% |
| 2011-12-31 | $4.11 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Varonis Systems's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 83404700000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $118.00K | 0.02% |
| Other Comprehensive Income | $23.13 Million | 3.86% |
| Other Components | $1.44 Billion | 241.35% |
| Total Equity | $598.66 Million | 100.00% |
Varonis Systems Competitors by Market Cap
The table below lists competitors of Varonis Systems ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
GKG Precision Machine Co. Ltd. A
SHE:301338
|
$3.02 Billion |
|
Kesko Oyj
HE:KESKOA
|
$3.02 Billion |
|
Aperam SA
MC:APAM
|
$3.02 Billion |
|
OceanaGold Corporation
F:RQQ
|
$3.02 Billion |
|
China Huarong Asset Management Co. Ltd
F:CHE
|
$3.02 Billion |
|
Feilong Auto Components Co Ltd
SHE:002536
|
$3.02 Billion |
|
Valeo SA
PA:FR
|
$3.02 Billion |
|
ZF Commercial Vehicle Control Systems India Limited
NSE:ZFCVINDIA
|
$3.02 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Varonis Systems's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 455,656,000 to 598,656,000, a change of 143,000,000 (31.4%).
- Net loss of 129,324,000 reduced equity.
- Share repurchases of 115,000,000 reduced equity.
- Other comprehensive income increased equity by 20,455,999.
- Other factors increased equity by 366,868,001.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-129.32 Million | -21.6% |
| Share Repurchases | $115.00 Million | -19.21% |
| Other Comprehensive Income | $20.46 Million | +3.42% |
| Other Changes | $366.87 Million | +61.28% |
| Total Change | $- | 31.38% |
Book Value vs Market Value Analysis
This analysis compares Varonis Systems's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 5.72x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | $-0.60 | $26.50 | x |
| 2012-12-31 | $-0.66 | $26.50 | x |
| 2013-12-31 | $0.05 | $26.50 | x |
| 2014-12-31 | $1.49 | $26.50 | x |
| 2015-12-31 | $1.11 | $26.50 | x |
| 2016-12-31 | $1.04 | $26.50 | x |
| 2017-12-31 | $1.23 | $26.50 | x |
| 2018-12-31 | $1.44 | $26.50 | x |
| 2019-12-31 | $1.03 | $26.50 | x |
| 2020-12-31 | $1.00 | $26.50 | x |
| 2021-12-31 | $5.67 | $26.50 | x |
| 2022-12-31 | $4.59 | $26.50 | x |
| 2023-12-31 | $4.49 | $26.50 | x |
| 2024-12-31 | $4.08 | $26.50 | x |
| 2025-12-31 | $4.63 | $26.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Varonis Systems utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -21.60%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -20.74%
- • Asset Turnover: 0.35x
- • Equity Multiplier: 2.99x
- Recent ROE (-21.60%) is above the historical average (-40.08%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 0.00% | -9.55% | 1.29x | 0.00x | $-412.70K |
| 2012 | 0.00% | -9.07% | 1.42x | 0.00x | $-1.10 Million |
| 2013 | -205.75% | -10.02% | 1.58x | 13.01x | $-7.84 Million |
| 2014 | -20.41% | -19.14% | 0.65x | 1.65x | $-28.90 Million |
| 2015 | -25.46% | -16.73% | 0.77x | 1.98x | $-29.64 Million |
| 2016 | -21.40% | -10.77% | 0.90x | 2.20x | $-25.98 Million |
| 2017 | -13.63% | -6.37% | 0.89x | 2.42x | $-24.00 Million |
| 2018 | -22.79% | -10.57% | 0.95x | 2.27x | $-41.12 Million |
| 2019 | -84.21% | -30.99% | 0.80x | 3.40x | $-88.12 Million |
| 2020 | -99.94% | -32.12% | 0.53x | 5.90x | $-103.42 Million |
| 2021 | -19.59% | -29.95% | 0.35x | 1.86x | $-176.52 Million |
| 2022 | -24.80% | -26.29% | 0.45x | 2.08x | $-174.73 Million |
| 2023 | -20.61% | -20.22% | 0.45x | 2.25x | $-149.88 Million |
| 2024 | -21.02% | -17.38% | 0.33x | 3.65x | $-141.33 Million |
| 2025 | -21.60% | -20.74% | 0.35x | 2.99x | $-189.19 Million |
Industry Comparison
This section compares Varonis Systems's net assets metrics with peer companies in the Software - Infrastructure industry.
Industry Context
- Industry: Software - Infrastructure
- Average net assets among peers: $527,355,826
- Average return on equity (ROE) among peers: -32.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Varonis Systems (VRNS) | $598.66 Million | 0.00% | 1.99x | $3.02 Billion |
| ACI Worldwide Inc (ACIW) | $267.21 Million | 20.72% | 1.00x | $4.34 Billion |
| Aeva Technologies, Inc. Common Stock (AEVA) | $26.91 Million | -95.01% | 0.21x | $821.47 Million |
| Aeva Technologies, Inc. Common Stock (AEVA) | $456.38 Million | -22.24% | 0.05x | $906.22 Million |
| Axe Compute Inc. (AGPU) | $-2.19 Million | 0.00% | 0.00x | $24.93 Million |
| C3 Ai Inc (AI) | $1.06 Billion | -5.25% | 0.13x | $1.26 Billion |
| iLearningEngines, Inc. (AILE) | $264.32 Million | 0.95% | 0.09x | $59.29 Million |
| PowerFleet, Inc. (AIOT) | $13.57 Million | 2.93% | 0.26x | $437.32 Million |
| Airship AI Holdings Inc (AISP) | $-8.36 Million | 0.00% | 0.00x | $83.39 Million |
| AIxCrypto Holdings, Inc. (AIXC) | $2.68 Million | -233.64% | 0.75x | $5.68 Million |
| Akamai Technologies Inc (AKAM) | $3.19 Billion | 9.35% | 0.71x | $15.05 Billion |
About Varonis Systems
Varonis Systems, Inc. provides software products and services that continuously discover and classify critical data, remediate exposures, and detect advanced threats with AI-powered technology in North America, Europe, APAC, and rest of worlds. The company offers Varonis Data Security Platform, a Software-as-a-Service solution which includes Data security posture management, Data access intellige… Read more