vs
Side-by-side financial comparison of AerSale Corp (ASLE) and VARONIS SYSTEMS INC (VRNS). Click either name above to swap in a different company.
VARONIS SYSTEMS INC is the larger business by last-quarter revenue ($173.1M vs $90.9M, roughly 1.9× AerSale Corp). On growth, VARONIS SYSTEMS INC posted the faster year-over-year revenue change (26.9% vs -4.0%). VARONIS SYSTEMS INC produced more free cash flow last quarter ($49.0M vs $9.8M). Over the past eight quarters, VARONIS SYSTEMS INC's revenue compounded faster (15.2% CAGR vs 0.2%).
AerSale, Inc. is a Doral, Florida-based global supplier of aftermarket commercial jet aircraft, engines, used materials, and aeronautical engineering services to passenger and cargo airlines, government, multinational original equipment manufacturers, and independent MROs. AerSale is a member of the Aircraft Fleet Recycling Association.
Varonis Systems, Inc. is a software company based in Miami, Florida with R&D offices in Herzliya, Israel. The company’s Data Security Platform analyzes data and data activity using the insights to identify data exposure risks stemming from access permissions and software-as-a-service (SaaS) app configurations, triggering automated remediation capabilities in response.
ASLE vs VRNS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $90.9M | $173.1M |
| Net Profit | $5.4M | — |
| Gross Margin | 34.1% | 76.0% |
| Operating Margin | 7.8% | — |
| Net Margin | 5.9% | — |
| Revenue YoY | -4.0% | 26.9% |
| Net Profit YoY | 99.7% | — |
| EPS (diluted) | $0.10 | $115788061.00 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $173.1M | ||
| Q4 25 | $90.9M | $173.4M | ||
| Q3 25 | $71.2M | $161.6M | ||
| Q2 25 | $107.4M | $152.2M | ||
| Q1 25 | $65.8M | $136.4M | ||
| Q4 24 | $94.7M | $158.5M | ||
| Q3 24 | $82.7M | $148.1M | ||
| Q2 24 | $77.1M | $130.3M |
| Q1 26 | — | — | ||
| Q4 25 | $5.4M | $-27.8M | ||
| Q3 25 | $-120.0K | $-29.9M | ||
| Q2 25 | $8.6M | $-35.8M | ||
| Q1 25 | $-5.3M | $-35.8M | ||
| Q4 24 | $2.7M | $-13.0M | ||
| Q3 24 | $509.0K | $-18.3M | ||
| Q2 24 | $-3.6M | $-23.9M |
| Q1 26 | — | 76.0% | ||
| Q4 25 | 34.1% | 78.9% | ||
| Q3 25 | 30.2% | 78.2% | ||
| Q2 25 | 32.9% | 79.5% | ||
| Q1 25 | 27.3% | 78.7% | ||
| Q4 24 | 31.4% | 83.6% | ||
| Q3 24 | 28.6% | 83.8% | ||
| Q2 24 | 28.2% | 82.8% |
| Q1 26 | — | — | ||
| Q4 25 | 7.8% | -17.5% | ||
| Q3 25 | 4.0% | -22.2% | ||
| Q2 25 | 11.7% | -24.0% | ||
| Q1 25 | -10.1% | -32.1% | ||
| Q4 24 | 5.2% | -11.1% | ||
| Q3 24 | 2.4% | -16.0% | ||
| Q2 24 | -2.4% | -22.1% |
| Q1 26 | — | — | ||
| Q4 25 | 5.9% | -16.0% | ||
| Q3 25 | -0.2% | -18.5% | ||
| Q2 25 | 8.0% | -23.5% | ||
| Q1 25 | -8.0% | -26.2% | ||
| Q4 24 | 2.9% | -8.2% | ||
| Q3 24 | 0.6% | -12.4% | ||
| Q2 24 | -4.7% | -18.4% |
| Q1 26 | — | $115788061.00 | ||
| Q4 25 | $0.10 | $-0.23 | ||
| Q3 25 | $0.00 | $-0.26 | ||
| Q2 25 | $0.18 | $-0.32 | ||
| Q1 25 | $-0.10 | $-0.32 | ||
| Q4 24 | $0.05 | $-0.12 | ||
| Q3 24 | $0.01 | $-0.16 | ||
| Q2 24 | $-0.07 | $-0.21 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $4.4M | $179.3M |
| Total DebtLower is stronger | $1.3M | — |
| Stockholders' EquityBook value | $424.4M | $453.5M |
| Total Assets | $640.5M | $1.6B |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $179.3M | ||
| Q4 25 | $4.4M | $883.7M | ||
| Q3 25 | $5.3M | $671.3M | ||
| Q2 25 | $5.7M | $770.9M | ||
| Q1 25 | $4.7M | $567.6M | ||
| Q4 24 | $4.7M | $529.0M | ||
| Q3 24 | $9.8M | $844.8M | ||
| Q2 24 | $4.3M | $582.5M |
| Q1 26 | — | — | ||
| Q4 25 | $1.3M | — | ||
| Q3 25 | $1.5M | — | ||
| Q2 25 | $907.0K | — | ||
| Q1 25 | $1.1M | — | ||
| Q4 24 | $1.2M | — | ||
| Q3 24 | $376.0K | — | ||
| Q2 24 | $522.0K | — |
| Q1 26 | — | $453.5M | ||
| Q4 25 | $424.4M | $598.7M | ||
| Q3 25 | $417.1M | $604.8M | ||
| Q2 25 | $415.9M | $341.5M | ||
| Q1 25 | $406.5M | $367.7M | ||
| Q4 24 | $455.6M | $455.7M | ||
| Q3 24 | $451.5M | $428.6M | ||
| Q2 24 | $449.8M | $458.6M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $640.5M | $1.8B | ||
| Q3 25 | $646.3M | $1.7B | ||
| Q2 25 | $646.7M | $1.6B | ||
| Q1 25 | $646.1M | $1.6B | ||
| Q4 24 | $604.7M | $1.7B | ||
| Q3 24 | $601.5M | $1.5B | ||
| Q2 24 | $598.7M | $1.1B |
| Q1 26 | — | — | ||
| Q4 25 | 0.00× | — | ||
| Q3 25 | 0.00× | — | ||
| Q2 25 | 0.00× | — | ||
| Q1 25 | 0.00× | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | 0.00× | — | ||
| Q2 24 | 0.00× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $11.4M | $55.0M |
| Free Cash FlowOCF − Capex | $9.8M | $49.0M |
| FCF MarginFCF / Revenue | 10.8% | 28.3% |
| Capex IntensityCapex / Revenue | 1.7% | — |
| Cash ConversionOCF / Net Profit | 2.11× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-29.1M | $118.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $55.0M | ||
| Q4 25 | $11.4M | $24.7M | ||
| Q3 25 | $-8.9M | $33.4M | ||
| Q2 25 | $19.8M | $21.3M | ||
| Q1 25 | $-45.2M | $68.0M | ||
| Q4 24 | $37.5M | $24.3M | ||
| Q3 24 | $10.4M | $22.5M | ||
| Q2 24 | $-15.3M | $11.7M |
| Q1 26 | — | $49.0M | ||
| Q4 25 | $9.8M | $20.7M | ||
| Q3 25 | $-9.8M | $30.4M | ||
| Q2 25 | $18.6M | $18.0M | ||
| Q1 25 | $-47.6M | $65.7M | ||
| Q4 24 | $32.3M | $19.9M | ||
| Q3 24 | $8.9M | $21.3M | ||
| Q2 24 | $-18.9M | $10.9M |
| Q1 26 | — | 28.3% | ||
| Q4 25 | 10.8% | 12.0% | ||
| Q3 25 | -13.8% | 18.8% | ||
| Q2 25 | 17.3% | 11.8% | ||
| Q1 25 | -72.4% | 48.1% | ||
| Q4 24 | 34.0% | 12.6% | ||
| Q3 24 | 10.7% | 14.4% | ||
| Q2 24 | -24.6% | 8.4% |
| Q1 26 | — | — | ||
| Q4 25 | 1.7% | 2.3% | ||
| Q3 25 | 1.3% | 1.8% | ||
| Q2 25 | 1.1% | 2.2% | ||
| Q1 25 | 3.7% | 1.7% | ||
| Q4 24 | 5.6% | 2.7% | ||
| Q3 24 | 1.9% | 0.8% | ||
| Q2 24 | 4.7% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | 2.11× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 2.31× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 13.89× | — | ||
| Q3 24 | 20.52× | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ASLE
| Products | $57.8M | 64% |
| Maintenance | $23.2M | 26% |
| Leasing Arrangements | $9.9M | 11% |
VRNS
| SaaS | $161.1M | 93% |
| Term license subscriptions | $6.9M | 4% |
| Maintenance and services | $5.2M | 3% |
