Is VARONIS SYSTEMS INC (VRNS) Halal?

NASDAQ Technology United States $2.5B
✗ NOT HALAL
Confidence: 90/100
VARONIS SYSTEMS INC (VRNS) is Not Halal under AAOIFI Standard 21. While the debt ratio of 18.1% is acceptable, the cash and interest-bearing securities ratio of 32.0% exceeds the 30% threshold. VARONIS SYSTEMS INC operates in the Technology sector.

Shariah Screening — 5 Standards

Based on financial data from December 2025

Standard Debt Ratio Cash Ratio Receivables Income Status
AAOIFI 18.1%
/ 30%
32.0%
/ 30%
10.1%
/ 30%
8.01%
/ 5%
✗ NOT HALAL
DJIM 18.1%
/ 33%
32.0%
/ 33%
10.1%
/ 33%
8.01%
/ 5%
✗ NOT HALAL
MSCI 29.1%
/ 33%
51.4%
/ 33%
16.1%
/ 33%
8.01%
/ 5%
✗ NOT HALAL
S&P 18.1%
/ 33%
32.0%
/ 33%
10.1%
/ 33%
8.01%
/ 5%
✗ NOT HALAL
FTSE 29.1%
/ 33%
51.4%
/ 33%
16.1%
/ 50%
8.01%
/ 5%
✗ NOT HALAL

Financial Highlights

EPS
$-1.13
P/B Ratio
4.2
EV/EBITDA
-15.6
EV: $2.1B
Revenue
$624M
Growth: 9.4%
Beta
0.7
Low volatility
Current Ratio
2.0

Profitability

Gross Margin 78.8%
Operating Margin -17.1%
Net Margin -20.7%
Return on Equity (ROE) -24.5%
Return on Assets (ROA) -5.3%

Cash Flow & Balance Sheet

Operating Cash Flow$147M
Free Cash Flow$132M
Total Debt$522M
Debt-to-Equity87.2
Current Ratio2.0
Total Assets$1.8B

Price & Trading

Last Close$21.83
50-Day MA$26.04
200-Day MA$42.48
Avg Volume3.1M
Beta0.7
52-Week Range
$20.06
$63.90

About VARONIS SYSTEMS INC (VRNS)

CEO
Mr. Yakov Faitelson
Employees
2,658
Sector
Technology
Industry
Software - Infrastructure
Country
United States
Exchange
NASDAQ
Market Cap
$2.5B
Currency
USD

Varonis Systems, Inc. provides software products and services that continuously discover and classify critical data, remediate exposures, and detect advanced threats with AI-powered technology in North America, Europe, APAC, and rest of worlds. The company offers Varonis Data Security Platform, a Software-as-a-Service solution which includes Data security posture management, Data access intelligence, Data discovery & classification, Discovery policy library, least privilege automation, Data activity monitoring, Data detection and response, and User & entity behavior analytics. It also provides Protection Packages, such as Microsoft 365, Windows & NAS, Hybrid, and Cloud Environments, as well as Database and Email Security Capabilities and On-Premises Subscription Products. It serves the financial services, public, healthcare, industrial, insurance, energy and utilities, technology, construction and engineering, education, and consumer and retail industries. Varonis Systems, Inc. was incorporated in 2004 and is headquartered in Miami, Florida.

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Frequently Asked Questions

Is VARONIS SYSTEMS INC (VRNS) halal to invest in?

Based on our screening using AAOIFI Standard 21 (the strictest methodology), VARONIS SYSTEMS INC is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.

What is VARONIS SYSTEMS INC's debt ratio?

VARONIS SYSTEMS INC's debt ratio is 18.1% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 29.1%.

What are VARONIS SYSTEMS INC's key financial metrics?

VARONIS SYSTEMS INC has a market capitalization of $2.5B, and revenue of $624M. The company maintains a gross margin of 78.8% and a net margin of -20.7%. Return on equity stands at -24.5%.

How often is the screening data updated?

Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.

Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.