VARONIS SYSTEMS INC
For the period ended Dec 31, 2023. Filed Feb 6, 2024.
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FY2023 · Filed Feb 6, 2024
VRNS$48.96+0.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $230,740 | $367,800 |
| Marketable securities | 253,175 | 236,338 |
| Short-term deposits | 49,800 | 128,350 |
| Trade receivables (net of allowance of $1,487 and $3,453 at December 31, 2023 and December 31, 2022, respectively) | 169,116 | 135,979 |
| Prepaid expenses and other current assets | 64,326 | 37,190 |
| Total current assets | 767,157 | 905,657 |
| Long-term assets: | ||
| Long-term marketable securities | 211,063 | — |
| Operating lease right-of-use assets | 51,838 | 56,772 |
| Property and equipment, net | 33,964 | 39,043 |
| Intangible assets, net | 1,263 | 2,788 |
| Goodwill | 23,135 | 23,135 |
| Other assets | 15,490 | 16,337 |
| Total long-term assets | 336,753 | 138,075 |
| Total assets | $1,103,910 | $1,043,732 |
CONSOLIDATED BALANCE SHEETS
(in thousands, except share data)
| December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Liabilities and stockholders’ equity | ||
| Current liabilities: | ||
| Trade payables | $672 | $2,962 |
| Accrued expenses and other short-term liabilities | 125,057 | 115,231 |
| Deferred revenues | 181,049 | 110,550 |
| Total current liabilities | 306,778 | 228,743 |
| Long-term liabilities: | ||
| Convertible senior notes, net | 250,477 | 248,963 |
| Operating lease liabilities | 51,313 | 57,627 |
| Deferred revenues | 886 | 1,503 |
| Other liabilities | 4,808 | 4,771 |
| Total long-term liabilities | 307,484 | 312,864 |
| Stockholders’ equity: | ||
| Share capital | ||
| Common stock of $0.001 par value - Authorized: 200,000,000 shares at December 31, 2023 and December 31, 2022; Issued and outstanding: 109,103,721 shares at December 31, 2023 and 107,673,052 shares at December 31, 2022 | 109 | 108 |
| Accumulated other comprehensive loss | (8,649) | (9,557) |
| Additional paid-in capital | 1,142,578 | 1,055,048 |
| Accumulated deficit | (644,390) | (543,474) |
| Total stockholders’ equity | 489,648 | 502,125 |
| Total liabilities and stockholders’ equity | $1,103,910 | $1,043,732 |
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