Varonis systems, inc. (VRNS)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13
Assets
Current assets:
Cash and cash equivalents

77,533

68,929

52,984

69,159

64,461

48,707

67,868

73,636

70,778

56,689

53,478

53,539

51,070

48,315

41,688

56,102

54,455

49,241

69,927

69,778

77,919

76,593

115,237

120,128

125,496

9,633

Marketable securities

33,737

41,531

41,397

35,845

37,842

39,770

-

-

-

39,731

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Short-term deposits

15,000

10,000

37,000

41,328

61,328

70,438

90,214

85,045

82,892

40,137

74,963

68,039

70,250

65,493

70,353

52,353

57,353

57,103

35,102

35,102

35,102

35,102

102

102

357

4,344

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

199

171

Trade receivables (net of allowance for doubtful accounts of $614 and $637 at March 31, 2020 and December 31, 2019, respectively)

38,265

75,050

51,866

45,563

41,796

83,223

52,938

41,393

32,468

75,596

44,680

41,313

27,466

53,861

30,125

33,493

24,400

47,436

28,186

28,949

20,643

37,869

21,146

18,854

14,254

28,268

Prepaid expenses and other current assets

12,764

13,047

15,050

15,235

14,899

16,952

14,665

16,927

18,933

14,346

5,500

7,571

7,792

3,650

3,932

2,623

4,619

2,622

3,123

2,768

2,354

2,962

1,496

1,355

1,610

1,357

Total current assets

177,299

208,557

198,297

207,130

220,326

259,090

225,685

217,001

205,071

226,499

178,621

170,462

156,578

171,319

146,098

144,571

140,827

156,402

136,338

136,597

136,018

152,526

137,981

140,439

141,916

43,773

Long-term assets:
Other assets

19,026

18,360

15,621

13,149

12,180

8,565

7,601

7,724

7,674

7,243

861

818

778

609

545

511

494

477

475

570

326

332

950

295

380

1,625

Operating lease right-of-use asset

53,808

55,057

57,046

59,390

51,875

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property and equipment, net

36,849

36,338

27,188

24,351

21,065

17,323

12,593

12,342

12,180

11,896

11,512

11,160

10,786

9,910

9,231

8,646

8,490

8,265

7,832

6,426

5,474

3,989

2,737

2,610

2,210

1,856

Total long-term assets

109,683

109,755

99,855

96,890

85,120

25,888

20,194

20,066

19,854

19,139

12,373

11,978

11,564

10,519

9,776

9,157

8,984

8,742

8,307

6,996

5,800

4,321

3,687

2,905

2,590

3,481

Total assets

286,982

318,312

298,152

304,020

305,446

284,978

245,879

237,067

224,925

245,638

190,994

182,440

168,142

181,838

155,874

153,728

149,811

165,144

144,645

143,593

141,818

156,847

141,668

143,344

144,506

47,254

Liabilities and Equity [Abstract]
Current liabilities:
Trade payables

823

997

2,999

2,299

624

2,620

3,145

1,899

483

635

1,366

1,348

1,582

1,288

944

2,074

702

2,612

2,215

2,584

2,122

2,703

2,754

2,300

2,089

2,163

Accrued expenses and other short-term liabilities

59,994

62,607

53,694

53,794

50,301

55,991

46,104

45,493

36,190

42,453

32,166

30,769

21,579

28,479

22,197

22,714

18,118

23,029

19,055

16,867

14,480

16,754

14,881

12,883

11,442

11,643

Deferred revenues

84,331

95,975

76,978

79,078

81,844

87,729

72,544

71,663

68,481

73,493

58,383

57,457

54,576

58,478

46,434

44,953

43,201

45,675

34,950

33,589

31,891

33,753

25,914

25,868

25,189

26,591

Total current liabilities

145,148

159,579

133,671

135,171

132,769

146,340

121,793

119,055

105,154

116,581

91,915

89,574

77,737

88,245

69,575

69,741

62,021

71,316

56,220

53,040

48,493

53,210

43,549

41,051

38,720

40,397

Long-term liabilities:
Deferred revenues

4,501

5,460

5,489

6,119

6,988

6,487

6,374

6,274

6,247

6,608

5,047

3,889

4,261

3,562

2,739

2,674

2,868

3,096

2,931

3,031

3,225

3,464

3,083

2,146

2,087

2,109

Operating lease liability

54,580

57,040

58,667

59,842

52,697

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Warrants to purchase convertible preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

2,866

Severance pay

-

-

-

-

-

-

-

-

-

-

1,705

1,472

1,445

-

1,556

1,549

1,524

1,528

1,478

1,466

1,449

1,449

1,445

1,440

1,415

1,101

Other liabilities

2,712

2,701

2,555

2,694

2,997

6,781

7,651

7,933

8,045

7,807

5,283

5,273

5,429

7,292

5,681

5,393

5,552

5,617

5,163

4,820

4,182

3,698

445

15

17

14

Total long-term liabilities

61,793

65,201

66,711

68,655

62,682

13,268

14,025

14,207

14,292

14,415

12,035

10,634

11,135

10,854

9,976

9,616

9,944

10,241

9,572

9,317

8,856

8,611

4,973

3,601

3,519

6,090

Commitments and contingent liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Stockholders’ equity:
Common stock of $0.001 par value - Authorized: 200,000,000 shares at March 31, 2020 and December 31, 2019; Issued and outstanding: 31,466,270 shares at March 31, 2020 and 30,583,311 shares at December 31, 2019

31

31

30

30

30

30

29

29

29

28

28

27

27

27

27

26

26

26

26

25

25

25

24

24

24

4

Accumulated other comprehensive income (loss)

291

-449

771

258

-688

-3,633

-1,742

-2,838

-1,973

136

1,009

2,128

1,645

-479

379

48

893

-331

67

610

-446

-326

-542

47

-22

-

Additional paid-in capital

327,881

310,682

299,051

285,001

271,260

266,941

256,210

243,733

231,860

223,868

213,995

204,751

197,237

189,335

185,583

179,574

175,711

172,326

169,828

166,744

164,711

162,478

160,484

159,087

158,092

4,741

Accumulated deficit

-248,162

-216,732

-202,082

-185,095

-160,607

-137,968

-144,436

-137,119

-124,437

-109,390

-127,988

-124,674

-119,639

-106,144

-109,666

-105,277

-98,784

-88,434

-91,068

-86,143

-79,821

-67,151

-66,820

-60,466

-55,827

-47,753

Total stockholders’ equity

80,041

93,532

97,770

100,194

109,995

125,370

110,061

103,805

105,479

114,642

87,044

82,232

79,270

82,739

76,323

74,371

77,846

83,587

78,853

81,236

84,469

95,026

93,146

98,692

102,267

-43,008

Total liabilities and stockholders’ equity

286,982

318,312

298,152

304,020

305,446

284,978

245,879

237,067

224,925

245,638

190,994

182,440

168,142

181,838

155,874

153,728

149,811

165,144

144,645

143,593

141,818

156,847

141,668

143,344

144,506

47,254