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Side-by-side financial comparison of Resolute Holdings Management, Inc. (RHLD) 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 $117.7M, roughly 1.5× Resolute Holdings Management, Inc.). Resolute Holdings Management, Inc. produced more free cash flow last quarter ($189.2M vs $49.0M).
Resolute Mining Limited is an Australian mining corporation focused on mining operations in Africa. It is currently operating two gold mines: the Syama Gold Mine in Mali and the Mako Gold Mine in Senegal.
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.
RHLD vs VRNS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $117.7M | $173.1M |
| Net Profit | $-1.7M | — |
| Gross Margin | 55.7% | 76.0% |
| Operating Margin | 30.2% | -1.7% |
| Net Margin | -1.5% | — |
| Revenue YoY | — | 26.9% |
| Net Profit YoY | — | — |
| EPS (diluted) | $-0.20 | — |
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 | $117.7M | $173.4M | ||
| Q3 25 | $120.9M | $161.6M | ||
| Q2 25 | $119.6M | $152.2M | ||
| Q1 25 | $103.9M | $136.4M | ||
| Q4 24 | — | $158.5M | ||
| Q3 24 | — | $148.1M | ||
| Q2 24 | — | $130.3M |
| Q1 26 | — | — | ||
| Q4 25 | $-1.7M | $-27.8M | ||
| Q3 25 | $-231.0K | $-29.9M | ||
| Q2 25 | $-611.0K | $-35.8M | ||
| Q1 25 | $-3.4M | $-35.8M | ||
| Q4 24 | — | $-13.0M | ||
| Q3 24 | — | $-18.3M | ||
| Q2 24 | — | $-23.9M |
| Q1 26 | — | 76.0% | ||
| Q4 25 | 55.7% | 78.9% | ||
| Q3 25 | 59.0% | 78.2% | ||
| Q2 25 | 57.5% | 79.5% | ||
| Q1 25 | 52.5% | 78.7% | ||
| Q4 24 | — | 83.6% | ||
| Q3 24 | — | 83.8% | ||
| Q2 24 | — | 82.8% |
| Q1 26 | — | -1.7% | ||
| Q4 25 | 30.2% | -17.5% | ||
| Q3 25 | 34.3% | -22.2% | ||
| Q2 25 | 34.0% | -24.0% | ||
| Q1 25 | 24.7% | -32.1% | ||
| Q4 24 | — | -11.1% | ||
| Q3 24 | — | -16.0% | ||
| Q2 24 | — | -22.1% |
| Q1 26 | — | — | ||
| Q4 25 | -1.5% | -16.0% | ||
| Q3 25 | -0.2% | -18.5% | ||
| Q2 25 | -0.5% | -23.5% | ||
| Q1 25 | -3.2% | -26.2% | ||
| Q4 24 | — | -8.2% | ||
| Q3 24 | — | -12.4% | ||
| Q2 24 | — | -18.4% |
| Q1 26 | — | — | ||
| Q4 25 | $-0.20 | $-0.23 | ||
| Q3 25 | $-0.03 | $-0.26 | ||
| Q2 25 | $-0.07 | $-0.32 | ||
| Q1 25 | $-0.39 | $-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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $205.5M | $179.3M |
| Total DebtLower is stronger | $169.8M | — |
| Stockholders' EquityBook value | $6.5M | $453.5M |
| Total Assets | $333.4M | $1.6B |
| Debt / EquityLower = less leverage | 26.03× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $179.3M | ||
| Q4 25 | $205.5M | $883.7M | ||
| Q3 25 | $148.0M | $671.3M | ||
| Q2 25 | $99.9M | $770.9M | ||
| Q1 25 | $71.0M | $567.6M | ||
| Q4 24 | — | $529.0M | ||
| Q3 24 | — | $844.8M | ||
| Q2 24 | — | $582.5M |
| Q1 26 | — | — | ||
| Q4 25 | $169.8M | — | ||
| Q3 25 | $173.4M | — | ||
| Q2 25 | $177.1M | — | ||
| Q1 25 | $180.7M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $453.5M | ||
| Q4 25 | $6.5M | $598.7M | ||
| Q3 25 | $10.8M | $604.8M | ||
| Q2 25 | $9.6M | $341.5M | ||
| Q1 25 | $8.9M | $367.7M | ||
| Q4 24 | — | $455.7M | ||
| Q3 24 | — | $428.6M | ||
| Q2 24 | — | $458.6M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $333.4M | $1.8B | ||
| Q3 25 | $293.2M | $1.7B | ||
| Q2 25 | $253.3M | $1.6B | ||
| Q1 25 | $214.3M | $1.6B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $1.1B |
| Q1 26 | — | — | ||
| Q4 25 | 26.03× | — | ||
| Q3 25 | 16.01× | — | ||
| Q2 25 | 18.42× | — | ||
| Q1 25 | 20.38× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $196.1M | $55.0M |
| Free Cash FlowOCF − Capex | $189.2M | $49.0M |
| FCF MarginFCF / Revenue | 160.8% | 28.3% |
| Capex IntensityCapex / Revenue | 5.8% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $313.2M | $118.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $55.0M | ||
| Q4 25 | $196.1M | $24.7M | ||
| Q3 25 | $59.6M | $33.4M | ||
| Q2 25 | $48.9M | $21.3M | ||
| Q1 25 | $18.4M | $68.0M | ||
| Q4 24 | — | $24.3M | ||
| Q3 24 | — | $22.5M | ||
| Q2 24 | — | $11.7M |
| Q1 26 | — | $49.0M | ||
| Q4 25 | $189.2M | $20.7M | ||
| Q3 25 | $58.6M | $30.4M | ||
| Q2 25 | $47.5M | $18.0M | ||
| Q1 25 | $17.8M | $65.7M | ||
| Q4 24 | — | $19.9M | ||
| Q3 24 | — | $21.3M | ||
| Q2 24 | — | $10.9M |
| Q1 26 | — | 28.3% | ||
| Q4 25 | 160.8% | 12.0% | ||
| Q3 25 | 48.5% | 18.8% | ||
| Q2 25 | 39.7% | 11.8% | ||
| Q1 25 | 17.1% | 48.1% | ||
| Q4 24 | — | 12.6% | ||
| Q3 24 | — | 14.4% | ||
| Q2 24 | — | 8.4% |
| Q1 26 | — | — | ||
| Q4 25 | 5.8% | 2.3% | ||
| Q3 25 | 0.8% | 1.8% | ||
| Q2 25 | 1.2% | 2.2% | ||
| Q1 25 | 0.6% | 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
RHLD
Segment breakdown not available.
VRNS
| SaaS | $161.1M | 93% |
| Term license subscriptions | $6.9M | 4% |
| Maintenance and services | $5.2M | 3% |
