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Side-by-side financial comparison of OneStream, Inc. (OS) 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 $163.7M, roughly 1.1× OneStream, Inc.). On growth, VARONIS SYSTEMS INC posted the faster year-over-year revenue change (26.9% vs 23.6%). VARONIS SYSTEMS INC produced more free cash flow last quarter ($49.0M vs $25.6M). Over the past eight quarters, OneStream, Inc.'s revenue compounded faster (21.8% CAGR vs 15.2%).
Blue Stream provides cable television, cable telephone, DVR, and up to 1 GIG Internet speed broadband services to customers in the Florida communities of Coral Springs and Weston.
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.
OS vs VRNS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $163.7M | $173.1M |
| Net Profit | $999.0K | — |
| Gross Margin | 69.8% | 76.0% |
| Operating Margin | -3.2% | -1.7% |
| Net Margin | 0.6% | — |
| Revenue YoY | 23.6% | 26.9% |
| Net Profit YoY | — | — |
| EPS (diluted) | — | — |
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 | $163.7M | $173.4M | ||
| Q3 25 | $154.3M | $161.6M | ||
| Q2 25 | $147.6M | $152.2M | ||
| Q1 25 | $136.3M | $136.4M | ||
| Q4 24 | $132.5M | $158.5M | ||
| Q3 24 | $129.1M | $148.1M | ||
| Q2 24 | $117.5M | $130.3M |
| Q1 26 | — | — | ||
| Q4 25 | $999.0K | $-27.8M | ||
| Q3 25 | $-8.8M | $-29.9M | ||
| Q2 25 | $-18.4M | $-35.8M | ||
| Q1 25 | $-24.0M | $-35.8M | ||
| Q4 24 | — | $-13.0M | ||
| Q3 24 | $-171.9M | $-18.3M | ||
| Q2 24 | $-7.8M | $-23.9M |
| Q1 26 | — | 76.0% | ||
| Q4 25 | 69.8% | 78.9% | ||
| Q3 25 | 68.1% | 78.2% | ||
| Q2 25 | 68.6% | 79.5% | ||
| Q1 25 | 68.0% | 78.7% | ||
| Q4 24 | 66.8% | 83.6% | ||
| Q3 24 | 50.1% | 83.8% | ||
| Q2 24 | 68.5% | 82.8% |
| Q1 26 | — | -1.7% | ||
| Q4 25 | -3.2% | -17.5% | ||
| Q3 25 | -11.3% | -22.2% | ||
| Q2 25 | -21.8% | -24.0% | ||
| Q1 25 | -29.3% | -32.1% | ||
| Q4 24 | -35.8% | -11.1% | ||
| Q3 24 | -197.6% | -16.0% | ||
| Q2 24 | -9.8% | -22.1% |
| Q1 26 | — | — | ||
| Q4 25 | 0.6% | -16.0% | ||
| Q3 25 | -5.7% | -18.5% | ||
| Q2 25 | -12.5% | -23.5% | ||
| Q1 25 | -17.6% | -26.2% | ||
| Q4 24 | — | -8.2% | ||
| Q3 24 | -133.1% | -12.4% | ||
| Q2 24 | -6.7% | -18.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | $-0.23 | ||
| Q3 25 | — | $-0.26 | ||
| Q2 25 | — | $-0.32 | ||
| Q1 25 | — | $-0.32 | ||
| Q4 24 | — | $-0.12 | ||
| Q3 24 | $-1.06 | $-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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $693.6M | $179.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $504.7M | $453.5M |
| Total Assets | $1.0B | $1.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $179.3M | ||
| Q4 25 | $693.6M | $883.7M | ||
| Q3 25 | $653.9M | $671.3M | ||
| Q2 25 | $652.1M | $770.9M | ||
| Q1 25 | $593.9M | $567.6M | ||
| Q4 24 | $544.2M | $529.0M | ||
| Q3 24 | $495.5M | $844.8M | ||
| Q2 24 | $140.5M | $582.5M |
| Q1 26 | — | $453.5M | ||
| Q4 25 | $504.7M | $598.7M | ||
| Q3 25 | $472.1M | $604.8M | ||
| Q2 25 | $458.2M | $341.5M | ||
| Q1 25 | $412.9M | $367.7M | ||
| Q4 24 | $386.2M | $455.7M | ||
| Q3 24 | $458.2M | $428.6M | ||
| Q2 24 | $97.5M | $458.6M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $1.0B | $1.8B | ||
| Q3 25 | $949.4M | $1.7B | ||
| Q2 25 | $910.5M | $1.6B | ||
| Q1 25 | $867.3M | $1.6B | ||
| Q4 24 | $823.2M | $1.7B | ||
| Q3 24 | $750.1M | $1.5B | ||
| Q2 24 | $379.7M | $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 | $25.8M | $55.0M |
| Free Cash FlowOCF − Capex | $25.6M | $49.0M |
| FCF MarginFCF / Revenue | 15.7% | 28.3% |
| Capex IntensityCapex / Revenue | 0.1% | — |
| Cash ConversionOCF / Net Profit | 25.79× | — |
| TTM Free Cash FlowTrailing 4 quarters | $95.6M | $118.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $55.0M | ||
| Q4 25 | $25.8M | $24.7M | ||
| Q3 25 | $5.0M | $33.4M | ||
| Q2 25 | $29.7M | $21.3M | ||
| Q1 25 | $36.2M | $68.0M | ||
| Q4 24 | — | $24.3M | ||
| Q3 24 | $2.4M | $22.5M | ||
| Q2 24 | $8.1M | $11.7M |
| Q1 26 | — | $49.0M | ||
| Q4 25 | $25.6M | $20.7M | ||
| Q3 25 | $4.8M | $30.4M | ||
| Q2 25 | $29.4M | $18.0M | ||
| Q1 25 | $35.8M | $65.7M | ||
| Q4 24 | — | $19.9M | ||
| Q3 24 | $1.3M | $21.3M | ||
| Q2 24 | $7.7M | $10.9M |
| Q1 26 | — | 28.3% | ||
| Q4 25 | 15.7% | 12.0% | ||
| Q3 25 | 3.1% | 18.8% | ||
| Q2 25 | 19.9% | 11.8% | ||
| Q1 25 | 26.3% | 48.1% | ||
| Q4 24 | — | 12.6% | ||
| Q3 24 | 1.0% | 14.4% | ||
| Q2 24 | 6.6% | 8.4% |
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | 2.3% | ||
| Q3 25 | 0.1% | 1.8% | ||
| Q2 25 | 0.2% | 2.2% | ||
| Q1 25 | 0.3% | 1.7% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | 0.8% | 0.8% | ||
| Q2 24 | 0.3% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | 25.79× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
OS
| Subscription And Circulation | $150.3M | 92% |
| Professional Services And Other | $9.4M | 6% |
| License | $4.0M | 2% |
VRNS
| SaaS | $161.1M | 93% |
| Term license subscriptions | $6.9M | 4% |
| Maintenance and services | $5.2M | 3% |
