← VARONIS SYSTEMS INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | ($17.7m) |
($13.7m)
+22.68%
|
($28.6m)
-108.69%
|
($78.8m)
-175.61%
|
($94.0m)
-19.36%
|
($116.9m)
-24.31%
|
($124.5m)
-6.55%
|
($100.9m)
+18.95%
|
($95.8m)
+5.10%
|
($129.3m)
-35.04%
|
— | |
| Depreciation, Depletion and Amortization | $2.2m | $3.3m | $4.2m | $6.3m | $9.9m | $10.9m | $12.2m | $11.7m | $11.1m | $12.3m | $18.9m | |
| Amortization of Debt Issuance Costs | — | — | — | — | $4.1m | $6.9m | $1.5m | $1.5m | $2.1m | $3.0m | — | |
| Amortization of Intangible Assets | — | — | — | — | $264k | $1.5m | $1.5m | $1.5m | $1.3m | $1.1m | — | |
| Depreciation | $2.2m | $3.3m | $4.2m | $6.3m | $9.9m | $9.4m | $10.7m | $10.2m | $9.9m | $11.3m | $11.3m | |
| Deferred Income Tax Expense (Benefit) | — | ($156k) | ($1.3m) | $91k | ($960k) | $1.2m | $258k | $86k | $18k | $252k | — | |
| Share-based Payment Arrangement, Noncash Expense | $12.9m | $19.8m | $35.0m | $46.1m | $68.6m | $109.8m | $142.9m | $139.8m | $126.7m | $130.2m | $132.5m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | $2.4m | — | — | $31.1m | $21.4m | $38.3m | $29.2m | — | |
| Share-based Payment Arrangement, Expense | $12.9m | $19.8m | $35.0m | $46.1m | $68.6m | $109.8m | $142.9m | $139.8m | — | $130.2m | $132.5m | |
| Goodwill, Impairment Loss | — | — | — | — | — | — | — | — | — | $0 | — | |
| Operating Lease, Impairment Loss | — | — | — | — | $3.1m | $0 | $0 | $0 | $0 | $0 | — | |
| Nonoperating Income (Expense) | ($885k) | $2.4m | $970k | ($389k) | ($7.5m) | ($12.1m) | $10.4m | $30.3m | $34.6m | $30.2m | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | $6.4m | $21.7m | $7.6m | ($8.2m) | $19.1m | $22.9m | $18.8m | $33.1m | $23.7m | $52.6m | $368k | |
| Increase (Decrease) in Accounts Payable | ($1.3m) | ($653k) | $2.0m | ($1.6m) | ($328k) | $4.5m | ($2.4m) | ($2.3m) | $3.6m | $1.2m | $5.0m | |
| Purchases of property and equipment, accrued but unpaid | $3.8m | $5.3m | $9.6m | $25.4m | $10.1m | $10.5m | $11.4m | $5.1m | $6.7m | $12.6m | ($19.9m) | |
| Net Cash Provided by (Used in) Operating Activities | $7.3m |
$16.4m
+122.55%
|
$23.5m
+44.00%
|
($10.7m)
-145.37%
|
($5.8m)
+45.31%
|
$7.2m
+222.87%
|
$11.9m
+65.38%
|
$59.4m
+400.51%
|
$115.2m
+93.89%
|
$147.4m
+27.98%
|
$138.2m
-6.26%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $3.8m | $5.3m | $9.6m | $25.4m | $10.1m | $10.5m | $11.4m | $5.1m | $6.7m | $12.6m | ($19.9m) | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | $2k | $20k | — | — | — | — | — | — | — | — | ($253k) | |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | — | — | — | — | — | — | $41.6m | $301.4m | $308.8m | $365.0m | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | $29.4m | $0 | $0 | — | — | — | ($218.6m) | |
| Net Cash Provided by (Used in) Investing Activities | ($12.3m) | ($20.0m) | ($40.2m) | $33.3m | ($54.7m) | $54.4m | ($374.3m) | ($143.1m) | ($532.3m) | ($837k) | $53.7m | |
| Cash flows from financing activities: | ||||||||||||
| Payments for Repurchase of Common Stock | — | — | — | — | — | — | $56.4m | $43.5m | $0 | $115.0m | — | |
| Proceeds from Issuance of Common Stock | — | — | — | — | — | $500.0m | $0 | $0 | $0 | $253k | — | |
| Net Cash Provided by (Used in) Financing Activities | $4.1m |
$12.1m
+196.73%
|
$8.1m
-32.85%
|
($2.4m)
-129.55%
|
$225.8m
+9514.22%
|
$510.1m
+125.96%
|
($75.6m)
-114.82%
|
($53.4m)
+29.35%
|
$371.9m
+796.44%
|
($129.7m)
-134.87%
|
($157.5m)
-21.47%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($926k) | $8.4m | ($8.5m) | $20.2m | $165.2m | $571.7m | ($438.0m) | ($137.1m) | ($45.2m) | $16.9m | $233.6m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $68.9m | $234.1m | $805.8m | $367.8m | $230.7m | $185.6m | $202.5m | $233.6m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Proceeds from Stock Options Exercised | $4.1m | $12.1m | $8.1m | — | $9.8m | $10.1m | — | $0 | $0 | $253k | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | — | $1.5m | $3.2m | $3.2m | $3.2m | $3.2m | $7.7m | — | |
| Income Taxes Paid, Net | $246k | $285k | $710k | $4.0m | $1.3m | $8.5m | $7.4m | $16.1m | $24.2m | $3.6m | — | |
| Noncash investing and financing activities: | ||||||||||||
| Additional Financial Items | ||||||||||||
| Gain (Loss) on Disposition of Assets | — | — | $27k | ($45k) | $0 | $0 | $21k | $0 | $0 | — | — | |
| General and Administrative Expense | $19.8m | $26.8m | $33.5m | $44.4m | $47.6m | $61.2m | $72.1m | $82.9m | $89.2m | $98.9m | — | |
| Goodwill | — | — | — | — | $23.1m | $23.1m | $23.1m | $23.1m | $23.1m | $135.3m | — | |
| Income Tax Expense (Benefit) | $1.1m | $2.5m | $413k | $2.4m | $8.1m | $6.0m | $13.7m | $14.0m | $12.8m | $13.0m | — | |
| Operating Expenses | $164.3m | $210.1m | $271.7m | $295.0m | $326.8m | $429.4m | $525.0m | $544.6m | $574.8m | $638.1m | — | |
| Operating Lease, Expense | — | — | — | — | $12.2m | $6.9m | $9.6m | $9.8m | $9.8m | $9.9m | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $270.3m | $254.2m | $292.7m | $390.1m | $473.6m | $499.2m | $551.0m | $623.5m | — | |
| Unrealized Gain (Loss) on Derivatives | ($148k) | — | ($3.8m) | — | — | — | — | — | — | — | — |