VARONIS SYSTEMS INC
For the period ended Dec 31, 2025. Filed Feb 4, 2026.
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FY2025 · Filed Feb 4, 2026
VRNS$49.10+0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Changes in Stockholders’ Equity
(in thousands, except share data)
| Common stock · Additionalpaid-in capital · Accumulatedothercomprehensive income (loss) · Accumulated deficit · Totalstockholders’ equity | ||||||
|---|---|---|---|---|---|---|
| Number · Amount | ||||||
| Balance as of January 1, 2023 | 107,673,052 | $108 | $1,055,048 | $(9,557) | $(543,474) | $502,125 |
| Stock-based compensation expense | — | — | 139,819 | — | — | 139,819 |
| Common stock issued under employee stock plans | 2,931,316 | 2 | 12,647 | — | — | 12,649 |
| Taxes related to net share settlement of equity awards | — | — | (21,415) | — | — | (21,415) |
| Repurchase of common stock | (1,500,647) | (1) | (43,521) | — | — | (43,522) |
| Unrealized loss on derivative instruments, net of tax | — | — | — | (1,040) | — | (1,040) |
| Unrealized income on available for sale securities, net of tax | — | — | — | 1,948 | — | 1,948 |
| Net loss | — | — | — | — | (100,916) | (100,916) |
| Balance as of December 31, 2023 | 109,103,721 | 109 | 1,142,578 | (8,649) | (644,390) | 489,648 |
| Stock-based compensation expense | — | — | 126,682 | — | — | 126,682 |
| Common stock issued under employee stock plans | 3,397,390 | 3 | 16,079 | — | — | 16,082 |
| Taxes related to net share settlement of equity awards | — | — | (38,295) | — | — | (38,295) |
| Unrealized income on derivative instruments, net of tax | — | — | — | 15,423 | — | 15,423 |
| Unrealized loss on available for sale securities, net of tax | — | — | — | (4,098) | — | (4,098) |
| Common stock issued for debt conversion | 49,045 | 1 | 1,500 | — | — | 1,501 |
| Purchase of capped calls related to Convertible senior notes | — | — | (55,522) | — | — | (55,522) |
| Net loss | — | — | — | — | (95,765) | (95,765) |
| Balance as of December 31, 2024 | 112,550,156 | 113 | 1,193,022 | 2,676 | (740,155) | 455,656 |
| Stock-based compensation expense | — | — | 130,242 | — | — | 130,242 |
| Common stock issued under employee stock plans | 2,344,025 | 2 | 14,347 | — | — | 14,349 |
| Taxes related to net share settlement of equity awards | — | — | (29,162) | — | — | (29,162) |
| Repurchase of common stock | (2,928,780) | (3) | (114,997) | — | — | (115,000) |
| Unrealized income on derivative instruments, net of tax | — | — | — | 16,532 | — | 16,532 |
| Unrealized income on available for sale securities, net of tax | — | — | — | 3,924 | — | 3,924 |
| Common stock issued for debt conversion | 8,185,885 | 8 | 251,431 | — | — | 251,439 |
| Settlement of capped call transactions | (2,604,434) | (2) | 2 | — | — | — |
| Net loss | — | — | — | — | (129,324) | (129,324) |
| Balance as of December 31, 2025 | 117,546,852 | $118 | $1,444,885 | $23,132 | $(869,479) | $598,656 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.