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Side-by-side financial comparison of Goosehead Insurance, Inc. (GSHD) 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 $93.1M, roughly 1.9× Goosehead Insurance, Inc.). On growth, VARONIS SYSTEMS INC posted the faster year-over-year revenue change (26.9% vs 23.1%). Over the past eight quarters, VARONIS SYSTEMS INC's revenue compounded faster (15.2% CAGR vs 9.2%).
Goosehead Insurance is a U.S.-based personal lines insurance agency that offers a wide range of coverage products including auto, home, renters, flood, and specialty insurance. It partners with hundreds of insurance carriers to provide clients with tailored, cost-effective coverage options, operating via corporate locations and a national franchise network for independent agents.
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.
GSHD vs VRNS — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $93.1M | $173.1M |
| Net Profit | $8.0M | — |
| Gross Margin | — | 76.0% |
| Operating Margin | 16.1% | -1.7% |
| Net Margin | 8.6% | — |
| Revenue YoY | 23.1% | 26.9% |
| Net Profit YoY | 204.0% | — |
| EPS (diluted) | $0.19 | — |
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 | $93.1M | $173.1M | ||
| Q4 25 | $105.3M | $173.4M | ||
| Q3 25 | $90.4M | $161.6M | ||
| Q2 25 | $94.0M | $152.2M | ||
| Q1 25 | $75.6M | $136.4M | ||
| Q4 24 | $93.9M | $158.5M | ||
| Q3 24 | $78.0M | $148.1M | ||
| Q2 24 | $78.1M | $130.3M |
| Q1 26 | $8.0M | — | ||
| Q4 25 | $12.4M | $-27.8M | ||
| Q3 25 | $7.9M | $-29.9M | ||
| Q2 25 | $5.2M | $-35.8M | ||
| Q1 25 | $2.3M | $-35.8M | ||
| Q4 24 | $14.9M | $-13.0M | ||
| Q3 24 | $7.6M | $-18.3M | ||
| Q2 24 | $6.2M | $-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 | 16.1% | -1.7% | ||
| Q4 25 | 29.4% | -17.5% | ||
| Q3 25 | 23.5% | -22.2% | ||
| Q2 25 | 16.7% | -24.0% | ||
| Q1 25 | 8.8% | -32.1% | ||
| Q4 24 | 29.7% | -11.1% | ||
| Q3 24 | 21.1% | -16.0% | ||
| Q2 24 | 19.7% | -22.1% |
| Q1 26 | 8.6% | — | ||
| Q4 25 | 11.8% | -16.0% | ||
| Q3 25 | 8.7% | -18.5% | ||
| Q2 25 | 5.5% | -23.5% | ||
| Q1 25 | 3.1% | -26.2% | ||
| Q4 24 | 15.8% | -8.2% | ||
| Q3 24 | 9.7% | -12.4% | ||
| Q2 24 | 7.9% | -18.4% |
| Q1 26 | $0.19 | — | ||
| Q4 25 | $0.48 | $-0.23 | ||
| Q3 25 | $0.29 | $-0.26 | ||
| Q2 25 | $0.18 | $-0.32 | ||
| Q1 25 | $0.09 | $-0.32 | ||
| Q4 24 | $0.58 | $-0.12 | ||
| Q3 24 | $0.29 | $-0.16 | ||
| Q2 24 | $0.24 | $-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 | $25.7M | $179.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-121.3M | $453.5M |
| Total Assets | $392.8M | $1.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $25.7M | $179.3M | ||
| Q4 25 | $34.4M | $883.7M | ||
| Q3 25 | $51.6M | $671.3M | ||
| Q2 25 | $92.4M | $770.9M | ||
| Q1 25 | $70.2M | $567.6M | ||
| Q4 24 | $54.3M | $529.0M | ||
| Q3 24 | $47.5M | $844.8M | ||
| Q2 24 | $23.6M | $582.5M |
| Q1 26 | — | — | ||
| Q4 25 | $289.5M | — | ||
| Q3 25 | $290.0M | — | ||
| Q2 25 | $289.8M | — | ||
| Q1 25 | $290.3M | — | ||
| Q4 24 | $82.3M | — | ||
| Q3 24 | $84.6M | — | ||
| Q2 24 | $87.0M | — |
| Q1 26 | $-121.3M | $453.5M | ||
| Q4 25 | $-95.5M | $598.7M | ||
| Q3 25 | $-105.0M | $604.8M | ||
| Q2 25 | $-78.6M | $341.5M | ||
| Q1 25 | $-88.5M | $367.7M | ||
| Q4 24 | $43.9M | $455.7M | ||
| Q3 24 | $58.3M | $428.6M | ||
| Q2 24 | $39.8M | $458.6M |
| Q1 26 | $392.8M | $1.6B | ||
| Q4 25 | $414.9M | $1.8B | ||
| Q3 25 | $403.6M | $1.7B | ||
| Q2 25 | $436.6M | $1.6B | ||
| Q1 25 | $412.6M | $1.6B | ||
| Q4 24 | $397.7M | $1.7B | ||
| Q3 24 | $358.1M | $1.5B | ||
| Q2 24 | $338.2M | $1.1B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.87× | — | ||
| Q3 24 | 1.45× | — | ||
| Q2 24 | 2.19× | — |
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 | $91.8M | $24.7M | ||
| Q3 25 | $24.2M | $33.4M | ||
| Q2 25 | $28.9M | $21.3M | ||
| Q1 25 | $15.5M | $68.0M | ||
| Q4 24 | $71.5M | $24.3M | ||
| Q3 24 | $28.1M | $22.5M | ||
| Q2 24 | $18.9M | $11.7M |
| Q1 26 | — | $49.0M | ||
| Q4 25 | $86.1M | $20.7M | ||
| Q3 25 | $23.7M | $30.4M | ||
| Q2 25 | $27.2M | $18.0M | ||
| Q1 25 | $14.9M | $65.7M | ||
| Q4 24 | $70.6M | $19.9M | ||
| Q3 24 | $28.0M | $21.3M | ||
| Q2 24 | $18.6M | $10.9M |
| Q1 26 | — | 28.3% | ||
| Q4 25 | 81.8% | 12.0% | ||
| Q3 25 | 26.2% | 18.8% | ||
| Q2 25 | 28.9% | 11.8% | ||
| Q1 25 | 19.7% | 48.1% | ||
| Q4 24 | 75.1% | 12.6% | ||
| Q3 24 | 35.9% | 14.4% | ||
| Q2 24 | 23.9% | 8.4% |
| Q1 26 | — | — | ||
| Q4 25 | 5.4% | 2.3% | ||
| Q3 25 | 0.5% | 1.8% | ||
| Q2 25 | 1.8% | 2.2% | ||
| Q1 25 | 0.8% | 1.7% | ||
| Q4 24 | 1.0% | 2.7% | ||
| Q3 24 | 0.1% | 0.8% | ||
| Q2 24 | 0.3% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | 7.38× | — | ||
| Q3 25 | 3.06× | — | ||
| Q2 25 | 5.61× | — | ||
| Q1 25 | 6.61× | — | ||
| Q4 24 | 4.82× | — | ||
| Q3 24 | 3.72× | — | ||
| Q2 24 | 3.05× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GSHD
| Renewal Royalty Fees (2) | $43.6M | 47% |
| Renewal Commissions (1) | $18.2M | 20% |
| Contingent Commissions (1) | $10.7M | 11% |
| New Business Royalty Fees (2) | $7.9M | 8% |
| New Business Commissions (1) | $7.5M | 8% |
| Other | $3.7M | 4% |
| Initial Franchise Fees (2) | $1.6M | 2% |
VRNS
| SaaS | $161.1M | 93% |
| Term license subscriptions | $6.9M | 4% |
| Maintenance and services | $5.2M | 3% |
