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Side-by-side financial comparison of FIRSTSUN CAPITAL BANCORP (FSUN) 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 $110.0M, roughly 1.6× FIRSTSUN CAPITAL BANCORP). Over the past eight quarters, VARONIS SYSTEMS INC's revenue compounded faster (15.2% CAGR vs 6.9%).
FirstSun Capital Bancorp is a U.S.-headquartered financial holding company that offers a comprehensive range of banking and financial services, including commercial and consumer lending, deposit products, wealth management, and treasury solutions. It mainly serves individual customers, small and medium-sized enterprises, and corporate clients across U.S. regional markets.
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.
FSUN vs VRNS — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $110.0M | $173.1M |
| Net Profit | $21.6M | — |
| Gross Margin | — | 76.0% |
| Operating Margin | — | -1.7% |
| Net Margin | 19.6% | — |
| Revenue YoY | — | 26.9% |
| Net Profit YoY | -8.4% | — |
| EPS (diluted) | $0.76 | — |
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 | $110.0M | $173.1M | ||
| Q4 25 | $110.2M | $173.4M | ||
| Q3 25 | $107.3M | $161.6M | ||
| Q2 25 | $105.6M | $152.2M | ||
| Q1 25 | $96.2M | $136.4M | ||
| Q4 24 | $98.7M | $158.5M | ||
| Q3 24 | $98.2M | $148.1M | ||
| Q2 24 | $96.2M | $130.3M |
| Q1 26 | $21.6M | — | ||
| Q4 25 | $24.8M | $-27.8M | ||
| Q3 25 | $23.2M | $-29.9M | ||
| Q2 25 | $26.4M | $-35.8M | ||
| Q1 25 | $23.6M | $-35.8M | ||
| Q4 24 | $16.4M | $-13.0M | ||
| Q3 24 | $22.4M | $-18.3M | ||
| Q2 24 | $24.6M | $-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 | 29.0% | -17.5% | ||
| Q3 25 | 26.4% | -22.2% | ||
| Q2 25 | 31.2% | -24.0% | ||
| Q1 25 | 30.9% | -32.1% | ||
| Q4 24 | 20.4% | -11.1% | ||
| Q3 24 | 29.1% | -16.0% | ||
| Q2 24 | 32.3% | -22.1% |
| Q1 26 | 19.6% | — | ||
| Q4 25 | 22.5% | -16.0% | ||
| Q3 25 | 21.6% | -18.5% | ||
| Q2 25 | 25.0% | -23.5% | ||
| Q1 25 | 24.5% | -26.2% | ||
| Q4 24 | 16.6% | -8.2% | ||
| Q3 24 | 22.8% | -12.4% | ||
| Q2 24 | 25.5% | -18.4% |
| Q1 26 | $0.76 | — | ||
| Q4 25 | $0.89 | $-0.23 | ||
| Q3 25 | $0.82 | $-0.26 | ||
| Q2 25 | $0.93 | $-0.32 | ||
| Q1 25 | $0.83 | $-0.32 | ||
| Q4 24 | $0.57 | $-0.12 | ||
| Q3 24 | $0.79 | $-0.16 | ||
| Q2 24 | $0.88 | $-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 | $413.7M | $179.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.2B | $453.5M |
| Total Assets | $8.6B | $1.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $413.7M | $179.3M | ||
| Q4 25 | $652.6M | $883.7M | ||
| Q3 25 | $659.9M | $671.3M | ||
| Q2 25 | $785.1M | $770.9M | ||
| Q1 25 | $621.4M | $567.6M | ||
| Q4 24 | $615.9M | $529.0M | ||
| Q3 24 | $573.7M | $844.8M | ||
| Q2 24 | $535.8M | $582.5M |
| Q1 26 | $1.2B | $453.5M | ||
| Q4 25 | $1.2B | $598.7M | ||
| Q3 25 | $1.1B | $604.8M | ||
| Q2 25 | $1.1B | $341.5M | ||
| Q1 25 | $1.1B | $367.7M | ||
| Q4 24 | $1.0B | $455.7M | ||
| Q3 24 | $1.0B | $428.6M | ||
| Q2 24 | $996.6M | $458.6M |
| Q1 26 | $8.6B | $1.6B | ||
| Q4 25 | $8.5B | $1.8B | ||
| Q3 25 | $8.5B | $1.7B | ||
| Q2 25 | $8.4B | $1.6B | ||
| Q1 25 | $8.2B | $1.6B | ||
| Q4 24 | $8.1B | $1.7B | ||
| Q3 24 | $8.1B | $1.5B | ||
| Q2 24 | $8.0B | $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 | $111.5M | $24.7M | ||
| Q3 25 | $49.4M | $33.4M | ||
| Q2 25 | $15.0M | $21.3M | ||
| Q1 25 | $26.4M | $68.0M | ||
| Q4 24 | $101.1M | $24.3M | ||
| Q3 24 | $48.1M | $22.5M | ||
| Q2 24 | $20.9M | $11.7M |
| Q1 26 | — | $49.0M | ||
| Q4 25 | $104.0M | $20.7M | ||
| Q3 25 | $47.6M | $30.4M | ||
| Q2 25 | $13.0M | $18.0M | ||
| Q1 25 | $24.3M | $65.7M | ||
| Q4 24 | $95.7M | $19.9M | ||
| Q3 24 | $47.1M | $21.3M | ||
| Q2 24 | $19.9M | $10.9M |
| Q1 26 | — | 28.3% | ||
| Q4 25 | 94.3% | 12.0% | ||
| Q3 25 | 44.4% | 18.8% | ||
| Q2 25 | 12.3% | 11.8% | ||
| Q1 25 | 25.3% | 48.1% | ||
| Q4 24 | 97.0% | 12.6% | ||
| Q3 24 | 47.9% | 14.4% | ||
| Q2 24 | 20.6% | 8.4% |
| Q1 26 | — | — | ||
| Q4 25 | 6.8% | 2.3% | ||
| Q3 25 | 1.6% | 1.8% | ||
| Q2 25 | 1.9% | 2.2% | ||
| Q1 25 | 2.1% | 1.7% | ||
| Q4 24 | 5.5% | 2.7% | ||
| Q3 24 | 1.1% | 0.8% | ||
| Q2 24 | 1.1% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | 4.49× | — | ||
| Q3 25 | 2.13× | — | ||
| Q2 25 | 0.57× | — | ||
| Q1 25 | 1.12× | — | ||
| Q4 24 | 6.18× | — | ||
| Q3 24 | 2.15× | — | ||
| Q2 24 | 0.85× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FSUN
| Net Interest Income | $82.8M | 75% |
| Noninterest Income | $27.2M | 25% |
VRNS
| SaaS | $161.1M | 93% |
| Term license subscriptions | $6.9M | 4% |
| Maintenance and services | $5.2M | 3% |
