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Side-by-side financial comparison of Urban Edge Properties (UE) 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 $132.6M, roughly 1.3× Urban Edge Properties). On growth, VARONIS SYSTEMS INC posted the faster year-over-year revenue change (26.9% vs 12.2%). Over the past eight quarters, VARONIS SYSTEMS INC's revenue compounded faster (15.2% CAGR vs 11.6%).
Urban Edge Properties is a publicly traded real estate investment trust (REIT) that owns, operates, and develops high-quality retail and mixed-use properties, primarily located in densely populated urban and suburban markets across the United States. Its portfolio covers grocery-anchored shopping centers, lifestyle outlets, and community-focused commercial assets.
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.
UE vs VRNS — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $132.6M | $173.1M |
| Net Profit | $22.6M | — |
| Gross Margin | — | 76.0% |
| Operating Margin | — | -1.7% |
| Net Margin | 17.1% | — |
| Revenue YoY | 12.2% | 26.9% |
| Net Profit YoY | -6.7% | — |
| EPS (diluted) | $0.18 | — |
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 | $132.6M | $173.1M | ||
| Q4 25 | $119.6M | $173.4M | ||
| Q3 25 | $120.1M | $161.6M | ||
| Q2 25 | $114.1M | $152.2M | ||
| Q1 25 | $118.2M | $136.4M | ||
| Q4 24 | $116.4M | $158.5M | ||
| Q3 24 | $112.4M | $148.1M | ||
| Q2 24 | $106.5M | $130.3M |
| Q1 26 | $22.6M | — | ||
| Q4 25 | $12.4M | $-27.8M | ||
| Q3 25 | $14.9M | $-29.9M | ||
| Q2 25 | $58.0M | $-35.8M | ||
| Q1 25 | $8.2M | $-35.8M | ||
| Q4 24 | $30.1M | $-13.0M | ||
| Q3 24 | $9.1M | $-18.3M | ||
| Q2 24 | $30.8M | $-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 | 11.3% | -17.5% | ||
| Q3 25 | 13.4% | -22.2% | ||
| Q2 25 | 53.9% | -24.0% | ||
| Q1 25 | 7.6% | -32.1% | ||
| Q4 24 | 27.6% | -11.1% | ||
| Q3 24 | 8.9% | -16.0% | ||
| Q2 24 | 30.6% | -22.1% |
| Q1 26 | 17.1% | — | ||
| Q4 25 | 10.4% | -16.0% | ||
| Q3 25 | 12.4% | -18.5% | ||
| Q2 25 | 50.8% | -23.5% | ||
| Q1 25 | 6.9% | -26.2% | ||
| Q4 24 | 25.9% | -8.2% | ||
| Q3 24 | 8.1% | -12.4% | ||
| Q2 24 | 28.9% | -18.4% |
| Q1 26 | $0.18 | — | ||
| Q4 25 | $0.09 | $-0.23 | ||
| Q3 25 | $0.12 | $-0.26 | ||
| Q2 25 | $0.46 | $-0.32 | ||
| Q1 25 | $0.07 | $-0.32 | ||
| Q4 24 | $0.25 | $-0.12 | ||
| Q3 24 | $0.07 | $-0.16 | ||
| Q2 24 | $0.26 | $-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 | $50.0M | $179.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.4B | $453.5M |
| Total Assets | $3.4B | $1.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $50.0M | $179.3M | ||
| Q4 25 | $48.9M | $883.7M | ||
| Q3 25 | $77.8M | $671.3M | ||
| Q2 25 | $53.0M | $770.9M | ||
| Q1 25 | $48.0M | $567.6M | ||
| Q4 24 | $41.4M | $529.0M | ||
| Q3 24 | $67.9M | $844.8M | ||
| Q2 24 | $78.6M | $582.5M |
| Q1 26 | $1.4B | $453.5M | ||
| Q4 25 | $1.4B | $598.7M | ||
| Q3 25 | $1.4B | $604.8M | ||
| Q2 25 | $1.4B | $341.5M | ||
| Q1 25 | $1.4B | $367.7M | ||
| Q4 24 | $1.4B | $455.7M | ||
| Q3 24 | $1.3B | $428.6M | ||
| Q2 24 | $1.3B | $458.6M |
| Q1 26 | $3.4B | $1.6B | ||
| Q4 25 | $3.3B | $1.8B | ||
| Q3 25 | $3.3B | $1.7B | ||
| Q2 25 | $3.3B | $1.6B | ||
| Q1 25 | $3.3B | $1.6B | ||
| Q4 24 | $3.3B | $1.7B | ||
| Q3 24 | $3.2B | $1.5B | ||
| Q2 24 | $3.2B | $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 | $39.1M | $55.0M |
| Free Cash FlowOCF − Capex | — | $49.0M |
| FCF MarginFCF / Revenue | — | 28.3% |
| Capex IntensityCapex / Revenue | 1.5% | — |
| Cash ConversionOCF / Net Profit | 1.73× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $118.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $39.1M | $55.0M | ||
| Q4 25 | $182.7M | $24.7M | ||
| Q3 25 | $55.7M | $33.4M | ||
| Q2 25 | $43.5M | $21.3M | ||
| Q1 25 | $32.6M | $68.0M | ||
| Q4 24 | $153.2M | $24.3M | ||
| Q3 24 | $36.6M | $22.5M | ||
| Q2 24 | $41.2M | $11.7M |
| Q1 26 | — | $49.0M | ||
| Q4 25 | $81.8M | $20.7M | ||
| Q3 25 | $26.1M | $30.4M | ||
| Q2 25 | $19.6M | $18.0M | ||
| Q1 25 | $11.9M | $65.7M | ||
| Q4 24 | $42.5M | $19.9M | ||
| Q3 24 | $12.2M | $21.3M | ||
| Q2 24 | $19.9M | $10.9M |
| Q1 26 | — | 28.3% | ||
| Q4 25 | 68.4% | 12.0% | ||
| Q3 25 | 21.7% | 18.8% | ||
| Q2 25 | 17.2% | 11.8% | ||
| Q1 25 | 10.0% | 48.1% | ||
| Q4 24 | 36.6% | 12.6% | ||
| Q3 24 | 10.8% | 14.4% | ||
| Q2 24 | 18.6% | 8.4% |
| Q1 26 | 1.5% | — | ||
| Q4 25 | 84.4% | 2.3% | ||
| Q3 25 | 24.6% | 1.8% | ||
| Q2 25 | 20.9% | 2.2% | ||
| Q1 25 | 17.5% | 1.7% | ||
| Q4 24 | 95.1% | 2.7% | ||
| Q3 24 | 21.7% | 0.8% | ||
| Q2 24 | 20.1% | 0.6% |
| Q1 26 | 1.73× | — | ||
| Q4 25 | 14.71× | — | ||
| Q3 25 | 3.73× | — | ||
| Q2 25 | 0.75× | — | ||
| Q1 25 | 3.97× | — | ||
| Q4 24 | 5.09× | — | ||
| Q3 24 | 4.03× | — | ||
| Q2 24 | 1.34× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
UE
| Rental revenue | $124.2M | 94% |
| Other | $8.4M | 6% |
VRNS
| SaaS | $161.1M | 93% |
| Term license subscriptions | $6.9M | 4% |
| Maintenance and services | $5.2M | 3% |
