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Side-by-side financial comparison of Eastern Bankshares, Inc. (EBC) and VARONIS SYSTEMS INC (VRNS). Click either name above to swap in a different company.
Eastern Bankshares, Inc. is the larger business by last-quarter revenue ($295.9M vs $173.1M, roughly 1.7× VARONIS SYSTEMS INC). On growth, Eastern Bankshares, Inc. posted the faster year-over-year revenue change (710.6% vs 26.9%). Over the past eight quarters, Eastern Bankshares, Inc.'s revenue compounded faster (38.6% CAGR vs 15.2%).
Eastern Bank is a bank based in Boston, Massachusetts. Before de-mutualizing in 2020, it was the oldest and largest mutual bank in the United States and the largest community bank in Massachusetts.
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.
EBC vs VRNS — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $295.9M | $173.1M |
| Net Profit | $65.3M | — |
| Gross Margin | — | 76.0% |
| Operating Margin | — | -1.7% |
| Net Margin | 22.1% | — |
| Revenue YoY | 710.6% | 26.9% |
| Net Profit YoY | -34.4% | — |
| EPS (diluted) | $0.29 | — |
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 | $295.9M | $173.1M | ||
| Q4 25 | $37.5M | $173.4M | ||
| Q3 25 | $241.5M | $161.6M | ||
| Q2 25 | $244.9M | $152.2M | ||
| Q1 25 | $31.1M | $136.4M | ||
| Q4 24 | $216.5M | $158.5M | ||
| Q3 24 | $203.4M | $148.1M | ||
| Q2 24 | $154.0M | $130.3M |
| Q1 26 | $65.3M | — | ||
| Q4 25 | $99.5M | $-27.8M | ||
| Q3 25 | $106.1M | $-29.9M | ||
| Q2 25 | $100.2M | $-35.8M | ||
| Q1 25 | $-217.7M | $-35.8M | ||
| Q4 24 | $60.8M | $-13.0M | ||
| Q3 24 | $-6.2M | $-18.3M | ||
| Q2 24 | $26.3M | $-23.9M |
| Q1 26 | — | 76.0% | ||
| Q4 25 | — | 78.9% | ||
| Q3 25 | — | 78.2% | ||
| Q2 25 | — | 79.5% | ||
| Q1 25 | — | 78.7% | ||
| Q4 24 | — | 83.6% | ||
| Q3 24 | — | 83.8% | ||
| Q2 24 | — | 82.8% |
| Q1 26 | — | -1.7% | ||
| Q4 25 | — | -17.5% | ||
| Q3 25 | 38.9% | -22.2% | ||
| Q2 25 | 41.0% | -24.0% | ||
| Q1 25 | -590.9% | -32.1% | ||
| Q4 24 | 33.3% | -11.1% | ||
| Q3 24 | -1.6% | -16.0% | ||
| Q2 24 | 24.7% | -22.1% |
| Q1 26 | 22.1% | — | ||
| Q4 25 | 265.6% | -16.0% | ||
| Q3 25 | 44.0% | -18.5% | ||
| Q2 25 | 40.9% | -23.5% | ||
| Q1 25 | -699.2% | -26.2% | ||
| Q4 24 | 28.1% | -8.2% | ||
| Q3 24 | -3.0% | -12.4% | ||
| Q2 24 | 17.1% | -18.4% |
| Q1 26 | $0.29 | — | ||
| Q4 25 | $0.48 | $-0.23 | ||
| Q3 25 | $0.53 | $-0.26 | ||
| Q2 25 | $0.50 | $-0.32 | ||
| Q1 25 | $-1.08 | $-0.32 | ||
| Q4 24 | $0.29 | $-0.12 | ||
| Q3 24 | $-0.03 | $-0.16 | ||
| Q2 24 | $0.16 | $-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 | $551.7M | $179.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $4.3B | $453.5M |
| Total Assets | $30.6B | $1.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $551.7M | $179.3M | ||
| Q4 25 | $507.6M | $883.7M | ||
| Q3 25 | $703.4M | $671.3M | ||
| Q2 25 | $948.3M | $770.9M | ||
| Q1 25 | $609.0M | $567.6M | ||
| Q4 24 | $1.9B | $529.0M | ||
| Q3 24 | $1.7B | $844.8M | ||
| Q2 24 | $1.4B | $582.5M |
| Q1 26 | $4.3B | $453.5M | ||
| Q4 25 | $4.3B | $598.7M | ||
| Q3 25 | $3.8B | $604.8M | ||
| Q2 25 | $3.7B | $341.5M | ||
| Q1 25 | $3.6B | $367.7M | ||
| Q4 24 | $3.6B | $455.7M | ||
| Q3 24 | $3.7B | $428.6M | ||
| Q2 24 | $3.0B | $458.6M |
| Q1 26 | $30.6B | $1.6B | ||
| Q4 25 | $30.6B | $1.8B | ||
| Q3 25 | $25.5B | $1.7B | ||
| Q2 25 | $25.5B | $1.6B | ||
| Q1 25 | $25.0B | $1.6B | ||
| Q4 24 | $25.6B | $1.7B | ||
| Q3 24 | $25.5B | $1.5B | ||
| Q2 24 | $21.0B | $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 | — | $55.0M |
| Free Cash FlowOCF − Capex | — | $49.0M |
| FCF MarginFCF / Revenue | — | 28.3% |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $118.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $55.0M | ||
| Q4 25 | $432.4M | $24.7M | ||
| Q3 25 | $157.1M | $33.4M | ||
| Q2 25 | $123.9M | $21.3M | ||
| Q1 25 | $47.3M | $68.0M | ||
| Q4 24 | $283.8M | $24.3M | ||
| Q3 24 | $108.3M | $22.5M | ||
| Q2 24 | $54.3M | $11.7M |
| Q1 26 | — | $49.0M | ||
| Q4 25 | — | $20.7M | ||
| Q3 25 | — | $30.4M | ||
| Q2 25 | — | $18.0M | ||
| Q1 25 | — | $65.7M | ||
| Q4 24 | — | $19.9M | ||
| Q3 24 | — | $21.3M | ||
| Q2 24 | — | $10.9M |
| Q1 26 | — | 28.3% | ||
| Q4 25 | — | 12.0% | ||
| Q3 25 | — | 18.8% | ||
| Q2 25 | — | 11.8% | ||
| Q1 25 | — | 48.1% | ||
| Q4 24 | — | 12.6% | ||
| Q3 24 | — | 14.4% | ||
| Q2 24 | — | 8.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.3% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | — | 0.8% | ||
| Q2 24 | — | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | 4.35× | — | ||
| Q3 25 | 1.48× | — | ||
| Q2 25 | 1.24× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 4.67× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 2.06× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EBC
Segment breakdown not available.
VRNS
| SaaS | $161.1M | 93% |
| Term license subscriptions | $6.9M | 4% |
| Maintenance and services | $5.2M | 3% |
