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Side-by-side financial comparison of OLAPLEX HOLDINGS, INC. (OLPX) 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 $105.1M, roughly 1.6× OLAPLEX HOLDINGS, INC.). On growth, VARONIS SYSTEMS INC posted the faster year-over-year revenue change (26.9% vs 4.3%). VARONIS SYSTEMS INC produced more free cash flow last quarter ($49.0M vs $32.6M). Over the past eight quarters, VARONIS SYSTEMS INC's revenue compounded faster (15.2% CAGR vs 3.1%).
Olaplex Holdings, Inc. is a specialty beauty company developing and selling patented bond-repair hair care products. It runs three core segments: professional salon distribution, direct-to-consumer sales, and third-party retail, serving customers across North America, Europe, and Asia-Pacific with products that repair and protect damaged hair.
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.
OLPX vs VRNS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $105.1M | $173.1M |
| Net Profit | $-13.1M | — |
| Gross Margin | 68.0% | 76.0% |
| Operating Margin | -4.3% | -1.7% |
| Net Margin | -12.5% | — |
| Revenue YoY | 4.3% | 26.9% |
| Net Profit YoY | -48.9% | — |
| EPS (diluted) | $-0.02 | — |
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 | $105.1M | $173.4M | ||
| Q3 25 | $114.6M | $161.6M | ||
| Q2 25 | $106.3M | $152.2M | ||
| Q1 25 | $97.0M | $136.4M | ||
| Q4 24 | $100.7M | $158.5M | ||
| Q3 24 | $119.1M | $148.1M | ||
| Q2 24 | $103.9M | $130.3M |
| Q1 26 | — | — | ||
| Q4 25 | $-13.1M | $-27.8M | ||
| Q3 25 | $11.1M | $-29.9M | ||
| Q2 25 | $-7.7M | $-35.8M | ||
| Q1 25 | $465.0K | $-35.8M | ||
| Q4 24 | $-8.8M | $-13.0M | ||
| Q3 24 | $14.8M | $-18.3M | ||
| Q2 24 | $5.8M | $-23.9M |
| Q1 26 | — | 76.0% | ||
| Q4 25 | 68.0% | 78.9% | ||
| Q3 25 | 69.1% | 78.2% | ||
| Q2 25 | 71.2% | 79.5% | ||
| Q1 25 | 69.5% | 78.7% | ||
| Q4 24 | 66.3% | 83.6% | ||
| Q3 24 | 68.6% | 83.8% | ||
| Q2 24 | 69.7% | 82.8% |
| Q1 26 | — | -1.7% | ||
| Q4 25 | -4.3% | -17.5% | ||
| Q3 25 | 3.7% | -22.2% | ||
| Q2 25 | -1.1% | -24.0% | ||
| Q1 25 | 8.7% | -32.1% | ||
| Q4 24 | 3.0% | -11.1% | ||
| Q3 24 | 23.5% | -16.0% | ||
| Q2 24 | 15.7% | -22.1% |
| Q1 26 | — | — | ||
| Q4 25 | -12.5% | -16.0% | ||
| Q3 25 | 9.7% | -18.5% | ||
| Q2 25 | -7.3% | -23.5% | ||
| Q1 25 | 0.5% | -26.2% | ||
| Q4 24 | -8.7% | -8.2% | ||
| Q3 24 | 12.4% | -12.4% | ||
| Q2 24 | 5.6% | -18.4% |
| Q1 26 | — | — | ||
| Q4 25 | $-0.02 | $-0.23 | ||
| Q3 25 | $0.02 | $-0.26 | ||
| Q2 25 | $-0.01 | $-0.32 | ||
| Q1 25 | $0.00 | $-0.32 | ||
| Q4 24 | $-0.01 | $-0.12 | ||
| Q3 24 | $0.02 | $-0.16 | ||
| Q2 24 | $0.01 | $-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 | $318.7M | $179.3M |
| Total DebtLower is stronger | $352.3M | — |
| Stockholders' EquityBook value | $879.4M | $453.5M |
| Total Assets | $1.5B | $1.6B |
| Debt / EquityLower = less leverage | 0.40× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $179.3M | ||
| Q4 25 | $318.7M | $883.7M | ||
| Q3 25 | $286.4M | $671.3M | ||
| Q2 25 | $289.3M | $770.9M | ||
| Q1 25 | $580.9M | $567.6M | ||
| Q4 24 | $586.0M | $529.0M | ||
| Q3 24 | $538.8M | $844.8M | ||
| Q2 24 | $507.9M | $582.5M |
| Q1 26 | — | — | ||
| Q4 25 | $352.3M | — | ||
| Q3 25 | $352.1M | — | ||
| Q2 25 | $351.9M | — | ||
| Q1 25 | $649.1M | — | ||
| Q4 24 | $650.5M | — | ||
| Q3 24 | $651.8M | — | ||
| Q2 24 | $653.1M | — |
| Q1 26 | — | $453.5M | ||
| Q4 25 | $879.4M | $598.7M | ||
| Q3 25 | $888.7M | $604.8M | ||
| Q2 25 | $874.2M | $341.5M | ||
| Q1 25 | $878.3M | $367.7M | ||
| Q4 24 | $874.4M | $455.7M | ||
| Q3 24 | $879.7M | $428.6M | ||
| Q2 24 | $863.3M | $458.6M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $1.5B | $1.8B | ||
| Q3 25 | $1.5B | $1.7B | ||
| Q2 25 | $1.5B | $1.6B | ||
| Q1 25 | $1.8B | $1.6B | ||
| Q4 24 | $1.8B | $1.7B | ||
| Q3 24 | $1.8B | $1.5B | ||
| Q2 24 | $1.8B | $1.1B |
| Q1 26 | — | — | ||
| Q4 25 | 0.40× | — | ||
| Q3 25 | 0.40× | — | ||
| Q2 25 | 0.40× | — | ||
| Q1 25 | 0.74× | — | ||
| Q4 24 | 0.74× | — | ||
| Q3 24 | 0.74× | — | ||
| Q2 24 | 0.76× | — |
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 | $32.7M | $55.0M |
| Free Cash FlowOCF − Capex | $32.6M | $49.0M |
| FCF MarginFCF / Revenue | 31.0% | 28.3% |
| Capex IntensityCapex / Revenue | 0.1% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $58.3M | $118.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $55.0M | ||
| Q4 25 | $32.7M | $24.7M | ||
| Q3 25 | $8.0M | $33.4M | ||
| Q2 25 | $20.9M | $21.3M | ||
| Q1 25 | $-2.9M | $68.0M | ||
| Q4 24 | $49.7M | $24.3M | ||
| Q3 24 | $33.5M | $22.5M | ||
| Q2 24 | $16.2M | $11.7M |
| Q1 26 | — | $49.0M | ||
| Q4 25 | $32.6M | $20.7M | ||
| Q3 25 | $7.9M | $30.4M | ||
| Q2 25 | $20.8M | $18.0M | ||
| Q1 25 | $-3.0M | $65.7M | ||
| Q4 24 | $49.2M | $19.9M | ||
| Q3 24 | $33.3M | $21.3M | ||
| Q2 24 | $16.1M | $10.9M |
| Q1 26 | — | 28.3% | ||
| Q4 25 | 31.0% | 12.0% | ||
| Q3 25 | 6.9% | 18.8% | ||
| Q2 25 | 19.6% | 11.8% | ||
| Q1 25 | -3.1% | 48.1% | ||
| Q4 24 | 48.9% | 12.6% | ||
| Q3 24 | 28.0% | 14.4% | ||
| Q2 24 | 15.5% | 8.4% |
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | 2.3% | ||
| Q3 25 | 0.1% | 1.8% | ||
| Q2 25 | 0.1% | 2.2% | ||
| Q1 25 | 0.0% | 1.7% | ||
| Q4 24 | 0.4% | 2.7% | ||
| Q3 24 | 0.1% | 0.8% | ||
| Q2 24 | 0.1% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 0.72× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -6.27× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.26× | — | ||
| Q2 24 | 2.81× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
OLPX
| Sales Channel Directly To Consumer | $43.6M | 42% |
| Sales Channel Through Intermediary Professional | $36.8M | 35% |
| Sales Channel Through Intermediary Specialty Retail | $24.7M | 23% |
VRNS
| SaaS | $161.1M | 93% |
| Term license subscriptions | $6.9M | 4% |
| Maintenance and services | $5.2M | 3% |
