Company / Working Capital
VARONIS SYSTEMS INC Working Capital History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Working Capital
$639.6M
FY2025
5-year range
$168.2M / $747.4M
FY2021-FY2025
Trend
+280.3%
vs FY2024
Sector context
#128 of 311
Information Technology
What the data says
Working Capital changed +280% YoY in FY2025, a notable deviation from the 9-year average annual change of +78%.
Based on SEC 10-K filings.
$640M in FY2025 with a 5-year CAGR of +21.9%.
Improved from $460M to $640M over the past 2 years.
Information Technology sector context is included.
Working Capital over time
Growth rates
- 3-Year CAGR
- -1.9%
- 5-Year CAGR
- +21.9%
- 10-Year CAGR
- -
Sector benchmark
#128 of 311 in Information TechnologyTop 41% of 311This company $639.6M Sector average $1.7B
▼
-62.7% below sector average
Key checks
Key Insights
- 5-year CAGR of +21.9%, indicating consistent growth.
- In FY2025, working capital increased 280.3% year-over-year.
- Ranks #128 out of 311 companies in the Information Technology sector.
- Peak working capital was recorded in FY2021.
Company context
Key Data Points
- Altman Z-Score 0.21 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Working CapitalValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $639.6M | +280.3% |
| FY2024 | $168.2M | -63.5% |
| FY2023 | $460.4M | -32.0% |
| FY2022 | $676.9M | -9.4% |
| FY2021 | $747.4M | +215.1% |
| FY2020 | $237.2M | +329.0% |
| FY2019 | $55.3M | -51.0% |
| FY2018 | $112.8M | +2.6% |
| FY2017 | $109.9M | +32.3% |
| FY2016 | $83.1M | -2.4% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026