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Side-by-side financial comparison of ONE Group Hospitality, Inc. (STKS) and VARONIS SYSTEMS INC (VRNS). Click either name above to swap in a different company.
ONE Group Hospitality, Inc. is the larger business by last-quarter revenue ($207.0M vs $173.1M, roughly 1.2× VARONIS SYSTEMS INC). On growth, VARONIS SYSTEMS INC posted the faster year-over-year revenue change (26.9% vs -6.7%). VARONIS SYSTEMS INC produced more free cash flow last quarter ($49.0M vs $-329.0K). Over the past eight quarters, ONE Group Hospitality, Inc.'s revenue compounded faster (56.1% CAGR vs 15.2%).
Target Hospitality is a company that provides workforce lodging and other temporary, modular housing used for oil, gas and mining operations; large-scale events; and disaster relief. Target Hospitality is based in The Woodlands, Texas, and also has offices in Williston, North Dakota; Denver, Colorado; Calgary, Alberta.
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.
STKS vs VRNS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $207.0M | $173.1M |
| Net Profit | $-6.4M | — |
| Gross Margin | — | 76.0% |
| Operating Margin | 2.2% | -1.7% |
| Net Margin | -3.1% | — |
| Revenue YoY | -6.7% | 26.9% |
| Net Profit YoY | -531.8% | — |
| EPS (diluted) | $-0.50 | — |
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 | $207.0M | $173.4M | ||
| Q3 25 | $180.2M | $161.6M | ||
| Q2 25 | $207.4M | $152.2M | ||
| Q1 25 | $211.1M | $136.4M | ||
| Q4 24 | $221.9M | $158.5M | ||
| Q3 24 | $194.0M | $148.1M | ||
| Q2 24 | $172.5M | $130.3M |
| Q1 26 | — | — | ||
| Q4 25 | $-6.4M | $-27.8M | ||
| Q3 25 | $-76.7M | $-29.9M | ||
| Q2 25 | $-10.1M | $-35.8M | ||
| Q1 25 | $975.0K | $-35.8M | ||
| Q4 24 | $1.5M | $-13.0M | ||
| Q3 24 | $-9.3M | $-18.3M | ||
| Q2 24 | $-7.3M | $-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 | — | -1.7% | ||
| Q4 25 | 2.2% | -17.5% | ||
| Q3 25 | -4.4% | -22.2% | ||
| Q2 25 | 0.3% | -24.0% | ||
| Q1 25 | 5.1% | -32.1% | ||
| Q4 24 | 5.5% | -11.1% | ||
| Q3 24 | -1.9% | -16.0% | ||
| Q2 24 | 0.6% | -22.1% |
| Q1 26 | — | — | ||
| Q4 25 | -3.1% | -16.0% | ||
| Q3 25 | -42.6% | -18.5% | ||
| Q2 25 | -4.9% | -23.5% | ||
| Q1 25 | 0.5% | -26.2% | ||
| Q4 24 | 0.7% | -8.2% | ||
| Q3 24 | -4.8% | -12.4% | ||
| Q2 24 | -4.3% | -18.4% |
| Q1 26 | — | — | ||
| Q4 25 | $-0.50 | $-0.23 | ||
| Q3 25 | $-2.75 | $-0.26 | ||
| Q2 25 | $-0.59 | $-0.32 | ||
| Q1 25 | $-0.21 | $-0.32 | ||
| Q4 24 | $-0.18 | $-0.12 | ||
| Q3 24 | $-0.53 | $-0.16 | ||
| Q2 24 | $-0.38 | $-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 | $4.2M | $179.3M |
| Total DebtLower is stronger | $354.2M | — |
| Stockholders' EquityBook value | $-75.8M | $453.5M |
| Total Assets | $884.2M | $1.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $179.3M | ||
| Q4 25 | $4.2M | $883.7M | ||
| Q3 25 | $5.5M | $671.3M | ||
| Q2 25 | $4.7M | $770.9M | ||
| Q1 25 | $21.4M | $567.6M | ||
| Q4 24 | $27.6M | $529.0M | ||
| Q3 24 | $28.2M | $844.8M | ||
| Q2 24 | $32.2M | $582.5M |
| Q1 26 | — | — | ||
| Q4 25 | $354.2M | — | ||
| Q3 25 | $355.0M | — | ||
| Q2 25 | $347.4M | — | ||
| Q1 25 | $348.3M | — | ||
| Q4 24 | $348.3M | — | ||
| Q3 24 | $349.1M | — | ||
| Q2 24 | $350.0M | — |
| Q1 26 | — | $453.5M | ||
| Q4 25 | $-75.8M | $598.7M | ||
| Q3 25 | $-61.5M | $604.8M | ||
| Q2 25 | $23.0M | $341.5M | ||
| Q1 25 | $40.5M | $367.7M | ||
| Q4 24 | $45.9M | $455.7M | ||
| Q3 24 | $51.4M | $428.6M | ||
| Q2 24 | $68.1M | $458.6M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $884.2M | $1.8B | ||
| Q3 25 | $879.5M | $1.7B | ||
| Q2 25 | $935.7M | $1.6B | ||
| Q1 25 | $956.0M | $1.6B | ||
| Q4 24 | $960.1M | $1.7B | ||
| Q3 24 | $953.5M | $1.5B | ||
| Q2 24 | $945.9M | $1.1B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 15.07× | — | ||
| Q1 25 | 8.61× | — | ||
| Q4 24 | 7.59× | — | ||
| Q3 24 | 6.79× | — | ||
| Q2 24 | 5.14× | — |
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 | $13.1M | $55.0M |
| Free Cash FlowOCF − Capex | $-329.0K | $49.0M |
| FCF MarginFCF / Revenue | -0.2% | 28.3% |
| Capex IntensityCapex / Revenue | 6.5% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-27.3M | $118.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $55.0M | ||
| Q4 25 | $13.1M | $24.7M | ||
| Q3 25 | $5.9M | $33.4M | ||
| Q2 25 | $2.8M | $21.3M | ||
| Q1 25 | $8.5M | $68.0M | ||
| Q4 24 | $18.5M | $24.3M | ||
| Q3 24 | $19.1M | $22.5M | ||
| Q2 24 | $-3.8M | $11.7M |
| Q1 26 | — | $49.0M | ||
| Q4 25 | $-329.0K | $20.7M | ||
| Q3 25 | $-6.1M | $30.4M | ||
| Q2 25 | $-15.0M | $18.0M | ||
| Q1 25 | $-5.8M | $65.7M | ||
| Q4 24 | $733.0K | $19.9M | ||
| Q3 24 | $287.0K | $21.3M | ||
| Q2 24 | $-23.0M | $10.9M |
| Q1 26 | — | 28.3% | ||
| Q4 25 | -0.2% | 12.0% | ||
| Q3 25 | -3.4% | 18.8% | ||
| Q2 25 | -7.2% | 11.8% | ||
| Q1 25 | -2.7% | 48.1% | ||
| Q4 24 | 0.3% | 12.6% | ||
| Q3 24 | 0.1% | 14.4% | ||
| Q2 24 | -13.3% | 8.4% |
| Q1 26 | — | — | ||
| Q4 25 | 6.5% | 2.3% | ||
| Q3 25 | 6.7% | 1.8% | ||
| Q2 25 | 8.6% | 2.2% | ||
| Q1 25 | 6.8% | 1.7% | ||
| Q4 24 | 8.0% | 2.7% | ||
| Q3 24 | 9.7% | 0.8% | ||
| Q2 24 | 11.1% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 8.76× | — | ||
| Q4 24 | 12.54× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
STKS
| Benihanas | $111.3M | 54% |
| Steakhouse Restaurant | $59.2M | 29% |
| Grill Concepts | $32.3M | 16% |
| Other | $4.2M | 2% |
VRNS
| SaaS | $161.1M | 93% |
| Term license subscriptions | $6.9M | 4% |
| Maintenance and services | $5.2M | 3% |
