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Side-by-side financial comparison of TRICO BANCSHARES (TCBK) 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 $109.4M, roughly 1.6× TRICO BANCSHARES ). On growth, VARONIS SYSTEMS INC posted the faster year-over-year revenue change (26.9% vs 9.0%). TRICO BANCSHARES produced more free cash flow last quarter ($127.9M vs $49.0M). Over the past eight quarters, VARONIS SYSTEMS INC's revenue compounded faster (15.2% CAGR vs 5.4%).
Trico Bancshares is a U.S.-headquartered regional bank holding company operating Tri Counties Bank. It offers a full range of retail and commercial banking services including deposit products, mortgages, small business loans, and wealth management, primarily serving consumers and SMEs in Northern California.
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.
TCBK vs VRNS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $109.4M | $173.1M |
| Net Profit | $33.6M | — |
| Gross Margin | — | 76.0% |
| Operating Margin | 42.6% | -1.7% |
| Net Margin | 251.6% | — |
| Revenue YoY | 9.0% | 26.9% |
| Net Profit YoY | 15.8% | — |
| EPS (diluted) | $1.02 | — |
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 | $109.4M | $173.4M | ||
| Q3 25 | $107.6M | $161.6M | ||
| Q2 25 | $103.6M | $152.2M | ||
| Q1 25 | $98.6M | $136.4M | ||
| Q4 24 | $100.4M | $158.5M | ||
| Q3 24 | $99.1M | $148.1M | ||
| Q2 24 | $97.9M | $130.3M |
| Q1 26 | — | — | ||
| Q4 25 | $33.6M | $-27.8M | ||
| Q3 25 | $34.0M | $-29.9M | ||
| Q2 25 | $27.5M | $-35.8M | ||
| Q1 25 | $26.4M | $-35.8M | ||
| Q4 24 | $29.0M | $-13.0M | ||
| Q3 24 | $29.1M | $-18.3M | ||
| Q2 24 | $29.0M | $-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 | 42.6% | -17.5% | ||
| Q3 25 | 43.2% | -22.2% | ||
| Q2 25 | 36.5% | -24.0% | ||
| Q1 25 | 35.8% | -32.1% | ||
| Q4 24 | 38.7% | -11.1% | ||
| Q3 24 | 39.8% | -16.0% | ||
| Q2 24 | 40.0% | -22.1% |
| Q1 26 | — | — | ||
| Q4 25 | 251.6% | -16.0% | ||
| Q3 25 | 31.6% | -18.5% | ||
| Q2 25 | 26.6% | -23.5% | ||
| Q1 25 | 26.7% | -26.2% | ||
| Q4 24 | 221.4% | -8.2% | ||
| Q3 24 | 29.3% | -12.4% | ||
| Q2 24 | 29.7% | -18.4% |
| Q1 26 | — | — | ||
| Q4 25 | $1.02 | $-0.23 | ||
| Q3 25 | $1.04 | $-0.26 | ||
| Q2 25 | $0.84 | $-0.32 | ||
| Q1 25 | $0.80 | $-0.32 | ||
| Q4 24 | $0.88 | $-0.12 | ||
| Q3 24 | $0.88 | $-0.16 | ||
| Q2 24 | $0.87 | $-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 | $157.0M | $179.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.3B | $453.5M |
| Total Assets | $9.8B | $1.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $179.3M | ||
| Q4 25 | $157.0M | $883.7M | ||
| Q3 25 | $298.8M | $671.3M | ||
| Q2 25 | $314.3M | $770.9M | ||
| Q1 25 | $308.3M | $567.6M | ||
| Q4 24 | $145.0M | $529.0M | ||
| Q3 24 | $320.1M | $844.8M | ||
| Q2 24 | $206.6M | $582.5M |
| Q1 26 | — | $453.5M | ||
| Q4 25 | $1.3B | $598.7M | ||
| Q3 25 | $1.3B | $604.8M | ||
| Q2 25 | $1.3B | $341.5M | ||
| Q1 25 | $1.3B | $367.7M | ||
| Q4 24 | $1.2B | $455.7M | ||
| Q3 24 | $1.2B | $428.6M | ||
| Q2 24 | $1.2B | $458.6M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $9.8B | $1.8B | ||
| Q3 25 | $9.9B | $1.7B | ||
| Q2 25 | $9.9B | $1.6B | ||
| Q1 25 | $9.8B | $1.6B | ||
| Q4 24 | $9.7B | $1.7B | ||
| Q3 24 | $9.8B | $1.5B | ||
| Q2 24 | $9.7B | $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 | $133.3M | $55.0M |
| Free Cash FlowOCF − Capex | $127.9M | $49.0M |
| FCF MarginFCF / Revenue | 116.9% | 28.3% |
| Capex IntensityCapex / Revenue | 4.9% | — |
| Cash ConversionOCF / Net Profit | 3.96× | — |
| TTM Free Cash FlowTrailing 4 quarters | $222.2M | $118.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $55.0M | ||
| Q4 25 | $133.3M | $24.7M | ||
| Q3 25 | $45.1M | $33.4M | ||
| Q2 25 | $29.2M | $21.3M | ||
| Q1 25 | $24.5M | $68.0M | ||
| Q4 24 | $109.7M | $24.3M | ||
| Q3 24 | $28.6M | $22.5M | ||
| Q2 24 | $31.8M | $11.7M |
| Q1 26 | — | $49.0M | ||
| Q4 25 | $127.9M | $20.7M | ||
| Q3 25 | $43.2M | $30.4M | ||
| Q2 25 | $28.2M | $18.0M | ||
| Q1 25 | $22.8M | $65.7M | ||
| Q4 24 | $105.2M | $19.9M | ||
| Q3 24 | $27.3M | $21.3M | ||
| Q2 24 | $30.8M | $10.9M |
| Q1 26 | — | 28.3% | ||
| Q4 25 | 116.9% | 12.0% | ||
| Q3 25 | 40.2% | 18.8% | ||
| Q2 25 | 27.2% | 11.8% | ||
| Q1 25 | 23.1% | 48.1% | ||
| Q4 24 | 104.8% | 12.6% | ||
| Q3 24 | 27.6% | 14.4% | ||
| Q2 24 | 31.5% | 8.4% |
| Q1 26 | — | — | ||
| Q4 25 | 4.9% | 2.3% | ||
| Q3 25 | 1.7% | 1.8% | ||
| Q2 25 | 1.0% | 2.2% | ||
| Q1 25 | 1.7% | 1.7% | ||
| Q4 24 | 4.5% | 2.7% | ||
| Q3 24 | 1.3% | 0.8% | ||
| Q2 24 | 1.0% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | 3.96× | — | ||
| Q3 25 | 1.33× | — | ||
| Q2 25 | 1.06× | — | ||
| Q1 25 | 0.93× | — | ||
| Q4 24 | 3.78× | — | ||
| Q3 24 | 0.98× | — | ||
| Q2 24 | 1.10× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
TCBK
Segment breakdown not available.
VRNS
| SaaS | $161.1M | 93% |
| Term license subscriptions | $6.9M | 4% |
| Maintenance and services | $5.2M | 3% |
