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Side-by-side financial comparison of Orla Mining Ltd. (ORLA) and VARONIS SYSTEMS INC (VRNS). Click either name above to swap in a different company.

Orla Mining Ltd. is the larger business by last-quarter revenue ($251.2M vs $173.1M, roughly 1.5× VARONIS SYSTEMS INC).

Orla Mining Ltd. is a Canada-based mineral exploration and development firm focused on high-grade gold and precious metal assets in North and Central America, with core projects in Mexico and Nevada, U.S. It follows sustainable responsible mining practices, collaborates with local communities, and delivers long-term value to stakeholders.

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.

ORLA vs VRNS — Head-to-Head

Bigger by revenue
ORLA
ORLA
1.5× larger
ORLA
$251.2M
$173.1M
VRNS

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
ORLA
ORLA
VRNS
VRNS
Revenue
$251.2M
$173.1M
Net Profit
Gross Margin
76.0%
Operating Margin
Net Margin
Revenue YoY
26.9%
Net Profit YoY
EPS (diluted)
$115788061.00

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.

Revenue
ORLA
ORLA
VRNS
VRNS
Q1 26
$173.1M
Q4 25
$173.4M
Q3 25
$251.2M
$161.6M
Q2 25
$151.8M
$152.2M
Q1 25
$136.4M
Q4 24
$158.5M
Q3 24
$584.4M
$148.1M
Q2 24
$110.4M
$130.3M
Net Profit
ORLA
ORLA
VRNS
VRNS
Q1 26
Q4 25
$-27.8M
Q3 25
$-29.9M
Q2 25
$-35.8M
Q1 25
$-35.8M
Q4 24
$-13.0M
Q3 24
$-368.9M
$-18.3M
Q2 24
$-23.9M
Gross Margin
ORLA
ORLA
VRNS
VRNS
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%
Operating Margin
ORLA
ORLA
VRNS
VRNS
Q1 26
Q4 25
-17.5%
Q3 25
-22.2%
Q2 25
-24.0%
Q1 25
-32.1%
Q4 24
-11.1%
Q3 24
-16.0%
Q2 24
-22.1%
Net Margin
ORLA
ORLA
VRNS
VRNS
Q1 26
Q4 25
-16.0%
Q3 25
-18.5%
Q2 25
-23.5%
Q1 25
-26.2%
Q4 24
-8.2%
Q3 24
-63.1%
-12.4%
Q2 24
-18.4%
EPS (diluted)
ORLA
ORLA
VRNS
VRNS
Q1 26
$115788061.00
Q4 25
$-0.23
Q3 25
$-0.26
Q2 25
$-0.32
Q1 25
$-0.32
Q4 24
$-0.12
Q3 24
$-0.16
Q2 24
$-0.21

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ORLA
ORLA
VRNS
VRNS
Cash + ST InvestmentsLiquidity on hand
$179.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$507.4M
$453.5M
Total Assets
$598.3M
$1.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ORLA
ORLA
VRNS
VRNS
Q1 26
$179.3M
Q4 25
$883.7M
Q3 25
$671.3M
Q2 25
$770.9M
Q1 25
$567.6M
Q4 24
$529.0M
Q3 24
$844.8M
Q2 24
$96.6M
$582.5M
Stockholders' Equity
ORLA
ORLA
VRNS
VRNS
Q1 26
$453.5M
Q4 25
$598.7M
Q3 25
$507.4M
$604.8M
Q2 25
$507.4M
$341.5M
Q1 25
$367.7M
Q4 24
$455.7M
Q3 24
$968.6M
$428.6M
Q2 24
$400.5M
$458.6M
Total Assets
ORLA
ORLA
VRNS
VRNS
Q1 26
$1.6B
Q4 25
$1.8B
Q3 25
$598.3M
$1.7B
Q2 25
$598.3M
$1.6B
Q1 25
$1.6B
Q4 24
$1.7B
Q3 24
$1.3B
$1.5B
Q2 24
$535.8M
$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
ORLA
ORLA
VRNS
VRNS
Operating Cash FlowLast quarter
$126.9M
$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.

Operating Cash Flow
ORLA
ORLA
VRNS
VRNS
Q1 26
$55.0M
Q4 25
$24.7M
Q3 25
$126.9M
$33.4M
Q2 25
$74.9M
$21.3M
Q1 25
$68.0M
Q4 24
$24.3M
Q3 24
$92.4M
$22.5M
Q2 24
$22.4M
$11.7M
Free Cash Flow
ORLA
ORLA
VRNS
VRNS
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
FCF Margin
ORLA
ORLA
VRNS
VRNS
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%
Capex Intensity
ORLA
ORLA
VRNS
VRNS
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%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ORLA
ORLA

Segment breakdown not available.

VRNS
VRNS

SaaS$161.1M93%
Term license subscriptions$6.9M4%
Maintenance and services$5.2M3%

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