vs
Side-by-side financial comparison of Dine Brands Global, Inc. (DIN) and VARONIS SYSTEMS INC (VRNS). Click either name above to swap in a different company.
Dine Brands Global, Inc. is the larger business by last-quarter revenue ($217.6M vs $173.1M, roughly 1.3× VARONIS SYSTEMS INC). On growth, VARONIS SYSTEMS INC posted the faster year-over-year revenue change (26.9% vs 6.3%). VARONIS SYSTEMS INC produced more free cash flow last quarter ($49.0M vs $-8.6M). Over the past eight quarters, VARONIS SYSTEMS INC's revenue compounded faster (15.2% CAGR vs 2.7%).
Dine Brands Global Inc. is a publicly traded food and beverage company based in Pasadena, California. Founded in 1958 as IHOP, it operates franchised and corporate owned full-service restaurants including three restaurant concepts, Applebee's Neighborhood Grill & Bar, International House of Pancakes (IHOP), and Fuzzy's Taco Shop.
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.
DIN vs VRNS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $217.6M | $173.1M |
| Net Profit | $-12.2M | — |
| Gross Margin | 42.4% | 76.0% |
| Operating Margin | -7.6% | -1.7% |
| Net Margin | -5.6% | — |
| Revenue YoY | 6.3% | 26.9% |
| Net Profit YoY | -336.1% | — |
| EPS (diluted) | $-0.79 | — |
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 | $217.6M | $173.4M | ||
| Q3 25 | $216.2M | $161.6M | ||
| Q2 25 | $230.8M | $152.2M | ||
| Q1 25 | $214.8M | $136.4M | ||
| Q4 24 | $204.8M | $158.5M | ||
| Q3 24 | $195.0M | $148.1M | ||
| Q2 24 | $206.3M | $130.3M |
| Q1 26 | — | — | ||
| Q4 25 | $-12.2M | $-27.8M | ||
| Q3 25 | $7.3M | $-29.9M | ||
| Q2 25 | $13.8M | $-35.8M | ||
| Q1 25 | $8.2M | $-35.8M | ||
| Q4 24 | $5.2M | $-13.0M | ||
| Q3 24 | $19.1M | $-18.3M | ||
| Q2 24 | $23.2M | $-23.9M |
| Q1 26 | — | 76.0% | ||
| Q4 25 | 42.4% | 78.9% | ||
| Q3 25 | 39.1% | 78.2% | ||
| Q2 25 | 40.0% | 79.5% | ||
| Q1 25 | 42.0% | 78.7% | ||
| Q4 24 | 41.7% | 83.6% | ||
| Q3 24 | 47.8% | 83.8% | ||
| Q2 24 | 48.1% | 82.8% |
| Q1 26 | — | -1.7% | ||
| Q4 25 | -7.6% | -17.5% | ||
| Q3 25 | 4.7% | -22.2% | ||
| Q2 25 | 8.2% | -24.0% | ||
| Q1 25 | 6.0% | -32.1% | ||
| Q4 24 | 3.8% | -11.1% | ||
| Q3 24 | 13.6% | -16.0% | ||
| Q2 24 | 15.1% | -22.1% |
| Q1 26 | — | — | ||
| Q4 25 | -5.6% | -16.0% | ||
| Q3 25 | 3.4% | -18.5% | ||
| Q2 25 | 6.0% | -23.5% | ||
| Q1 25 | 3.8% | -26.2% | ||
| Q4 24 | 2.5% | -8.2% | ||
| Q3 24 | 9.8% | -12.4% | ||
| Q2 24 | 11.2% | -18.4% |
| Q1 26 | — | — | ||
| Q4 25 | $-0.79 | $-0.23 | ||
| Q3 25 | $0.48 | $-0.26 | ||
| Q2 25 | $0.89 | $-0.32 | ||
| Q1 25 | $0.53 | $-0.32 | ||
| Q4 24 | $0.35 | $-0.12 | ||
| Q3 24 | $1.24 | $-0.16 | ||
| Q2 24 | $1.50 | $-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 | $128.2M | $179.3M |
| Total DebtLower is stronger | $1.2B | — |
| Stockholders' EquityBook value | $-273.9M | $453.5M |
| Total Assets | $1.7B | $1.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $179.3M | ||
| Q4 25 | $128.2M | $883.7M | ||
| Q3 25 | $167.9M | $671.3M | ||
| Q2 25 | $194.2M | $770.9M | ||
| Q1 25 | $186.5M | $567.6M | ||
| Q4 24 | $186.7M | $529.0M | ||
| Q3 24 | $169.6M | $844.8M | ||
| Q2 24 | $153.5M | $582.5M |
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.2B | — |
| Q1 26 | — | $453.5M | ||
| Q4 25 | $-273.9M | $598.7M | ||
| Q3 25 | $-231.9M | $604.8M | ||
| Q2 25 | $-212.5M | $341.5M | ||
| Q1 25 | $-215.7M | $367.7M | ||
| Q4 24 | $-216.0M | $455.7M | ||
| Q3 24 | $-216.7M | $428.6M | ||
| Q2 24 | $-231.7M | $458.6M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $1.7B | $1.8B | ||
| Q3 25 | $1.8B | $1.7B | ||
| Q2 25 | $1.8B | $1.6B | ||
| Q1 25 | $1.8B | $1.6B | ||
| Q4 24 | $1.8B | $1.7B | ||
| Q3 24 | $1.7B | $1.5B | ||
| Q2 24 | $1.7B | $1.1B |
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 | $5.7M | $55.0M |
| Free Cash FlowOCF − Capex | $-8.6M | $49.0M |
| FCF MarginFCF / Revenue | -3.9% | 28.3% |
| Capex IntensityCapex / Revenue | 6.6% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $53.4M | $118.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $55.0M | ||
| Q4 25 | $5.7M | $24.7M | ||
| Q3 25 | $30.2M | $33.4M | ||
| Q2 25 | $37.0M | $21.3M | ||
| Q1 25 | $16.1M | $68.0M | ||
| Q4 24 | $30.5M | $24.3M | ||
| Q3 24 | $25.5M | $22.5M | ||
| Q2 24 | $21.6M | $11.7M |
| Q1 26 | — | $49.0M | ||
| Q4 25 | $-8.6M | $20.7M | ||
| Q3 25 | $18.1M | $30.4M | ||
| Q2 25 | $31.0M | $18.0M | ||
| Q1 25 | $12.8M | $65.7M | ||
| Q4 24 | $26.7M | $19.9M | ||
| Q3 24 | $22.0M | $21.3M | ||
| Q2 24 | $18.2M | $10.9M |
| Q1 26 | — | 28.3% | ||
| Q4 25 | -3.9% | 12.0% | ||
| Q3 25 | 8.4% | 18.8% | ||
| Q2 25 | 13.4% | 11.8% | ||
| Q1 25 | 6.0% | 48.1% | ||
| Q4 24 | 13.0% | 12.6% | ||
| Q3 24 | 11.3% | 14.4% | ||
| Q2 24 | 8.8% | 8.4% |
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 2.3% | ||
| Q3 25 | 5.6% | 1.8% | ||
| Q2 25 | 2.6% | 2.2% | ||
| Q1 25 | 1.5% | 1.7% | ||
| Q4 24 | 1.9% | 2.7% | ||
| Q3 24 | 1.8% | 0.8% | ||
| Q2 24 | 1.7% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 4.12× | — | ||
| Q2 25 | 2.68× | — | ||
| Q1 25 | 1.97× | — | ||
| Q4 24 | 5.88× | — | ||
| Q3 24 | 1.34× | — | ||
| Q2 24 | 0.93× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DIN
| Franchisor | $163.2M | 75% |
| Food And Beverage | $27.3M | 13% |
| Proprietary Product Sales And Other | $17.0M | 8% |
| Other | $8.1M | 4% |
| Franchise And Development Fees | $2.0M | 1% |
VRNS
| SaaS | $161.1M | 93% |
| Term license subscriptions | $6.9M | 4% |
| Maintenance and services | $5.2M | 3% |
