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Side-by-side financial comparison of Vital Farms, Inc. (VITL) and VARONIS SYSTEMS INC (VRNS). Click either name above to swap in a different company.
Vital Farms, Inc. is the larger business by last-quarter revenue ($213.6M vs $173.1M, roughly 1.2× VARONIS SYSTEMS INC). On growth, Vital Farms, Inc. posted the faster year-over-year revenue change (28.7% vs 26.9%). VARONIS SYSTEMS INC produced more free cash flow last quarter ($49.0M vs $-32.1M). Over the past eight quarters, Vital Farms, Inc.'s revenue compounded faster (20.2% CAGR vs 15.2%).
Vital Tomosi Dairy Limited is a dairy processing company in Uganda. The company is a joint venture between Vital Capital Fund, "an impact investing fund primarily focused on Sub-Saharan Africa", and "Tomosi Dairy Farms, a Ugandan producer of dairy products".
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.
VITL vs VRNS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $213.6M | $173.1M |
| Net Profit | $16.3M | — |
| Gross Margin | 35.8% | 76.0% |
| Operating Margin | 10.0% | -1.7% |
| Net Margin | 7.6% | — |
| Revenue YoY | 28.7% | 26.9% |
| Net Profit YoY | 54.3% | — |
| EPS (diluted) | $0.35 | — |
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 | $213.6M | $173.4M | ||
| Q3 25 | $198.9M | $161.6M | ||
| Q2 25 | $184.8M | $152.2M | ||
| Q1 25 | $162.2M | $136.4M | ||
| Q4 24 | $166.0M | $158.5M | ||
| Q3 24 | $145.0M | $148.1M | ||
| Q2 24 | $147.4M | $130.3M |
| Q1 26 | — | — | ||
| Q4 25 | $16.3M | $-27.8M | ||
| Q3 25 | $16.4M | $-29.9M | ||
| Q2 25 | $16.6M | $-35.8M | ||
| Q1 25 | $16.9M | $-35.8M | ||
| Q4 24 | $10.6M | $-13.0M | ||
| Q3 24 | $7.4M | $-18.3M | ||
| Q2 24 | $16.3M | $-23.9M |
| Q1 26 | — | 76.0% | ||
| Q4 25 | 35.8% | 78.9% | ||
| Q3 25 | 37.7% | 78.2% | ||
| Q2 25 | 38.9% | 79.5% | ||
| Q1 25 | 38.5% | 78.7% | ||
| Q4 24 | 36.1% | 83.6% | ||
| Q3 24 | 36.9% | 83.8% | ||
| Q2 24 | 39.1% | 82.8% |
| Q1 26 | — | -1.7% | ||
| Q4 25 | 10.0% | -17.5% | ||
| Q3 25 | 10.8% | -22.2% | ||
| Q2 25 | 12.9% | -24.0% | ||
| Q1 25 | 13.4% | -32.1% | ||
| Q4 24 | 7.8% | -11.1% | ||
| Q3 24 | 6.4% | -16.0% | ||
| Q2 24 | 11.6% | -22.1% |
| Q1 26 | — | — | ||
| Q4 25 | 7.6% | -16.0% | ||
| Q3 25 | 8.3% | -18.5% | ||
| Q2 25 | 9.0% | -23.5% | ||
| Q1 25 | 10.4% | -26.2% | ||
| Q4 24 | 6.4% | -8.2% | ||
| Q3 24 | 5.1% | -12.4% | ||
| Q2 24 | 11.1% | -18.4% |
| Q1 26 | — | — | ||
| Q4 25 | $0.35 | $-0.23 | ||
| Q3 25 | $0.36 | $-0.26 | ||
| Q2 25 | $0.36 | $-0.32 | ||
| Q1 25 | $0.37 | $-0.32 | ||
| Q4 24 | $0.23 | $-0.12 | ||
| Q3 24 | $0.16 | $-0.16 | ||
| Q2 24 | $0.36 | $-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 | $48.8M | $179.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $351.3M | $453.5M |
| Total Assets | $518.7M | $1.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $179.3M | ||
| Q4 25 | $48.8M | $883.7M | ||
| Q3 25 | $93.8M | $671.3M | ||
| Q2 25 | $108.2M | $770.9M | ||
| Q1 25 | $156.3M | $567.6M | ||
| Q4 24 | $150.6M | $529.0M | ||
| Q3 24 | $149.5M | $844.8M | ||
| Q2 24 | $133.2M | $582.5M |
| Q1 26 | — | $453.5M | ||
| Q4 25 | $351.3M | $598.7M | ||
| Q3 25 | $331.2M | $604.8M | ||
| Q2 25 | $309.8M | $341.5M | ||
| Q1 25 | $288.9M | $367.7M | ||
| Q4 24 | $269.3M | $455.7M | ||
| Q3 24 | $253.4M | $428.6M | ||
| Q2 24 | $238.4M | $458.6M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $518.7M | $1.8B | ||
| Q3 25 | $481.5M | $1.7B | ||
| Q2 25 | $430.8M | $1.6B | ||
| Q1 25 | $376.9M | $1.6B | ||
| Q4 24 | $359.3M | $1.7B | ||
| Q3 24 | $344.7M | $1.5B | ||
| Q2 24 | $320.5M | $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 | $5.8M | $55.0M |
| Free Cash FlowOCF − Capex | $-32.1M | $49.0M |
| FCF MarginFCF / Revenue | -15.1% | 28.3% |
| Capex IntensityCapex / Revenue | 17.8% | — |
| Cash ConversionOCF / Net Profit | 0.35× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-48.2M | $118.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $55.0M | ||
| Q4 25 | $5.8M | $24.7M | ||
| Q3 25 | $23.4M | $33.4M | ||
| Q2 25 | $-761.0K | $21.3M | ||
| Q1 25 | $5.3M | $68.0M | ||
| Q4 24 | $14.8M | $24.3M | ||
| Q3 24 | $10.0M | $22.5M | ||
| Q2 24 | $16.1M | $11.7M |
| Q1 26 | — | $49.0M | ||
| Q4 25 | $-32.1M | $20.7M | ||
| Q3 25 | $-10.6M | $30.4M | ||
| Q2 25 | $-7.6M | $18.0M | ||
| Q1 25 | $2.1M | $65.7M | ||
| Q4 24 | $-3.4M | $19.9M | ||
| Q3 24 | $6.4M | $21.3M | ||
| Q2 24 | $10.5M | $10.9M |
| Q1 26 | — | 28.3% | ||
| Q4 25 | -15.1% | 12.0% | ||
| Q3 25 | -5.3% | 18.8% | ||
| Q2 25 | -4.1% | 11.8% | ||
| Q1 25 | 1.3% | 48.1% | ||
| Q4 24 | -2.0% | 12.6% | ||
| Q3 24 | 4.4% | 14.4% | ||
| Q2 24 | 7.2% | 8.4% |
| Q1 26 | — | — | ||
| Q4 25 | 17.8% | 2.3% | ||
| Q3 25 | 17.1% | 1.8% | ||
| Q2 25 | 3.7% | 2.2% | ||
| Q1 25 | 1.9% | 1.7% | ||
| Q4 24 | 10.9% | 2.7% | ||
| Q3 24 | 2.5% | 0.8% | ||
| Q2 24 | 3.8% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | 0.35× | — | ||
| Q3 25 | 1.43× | — | ||
| Q2 25 | -0.05× | — | ||
| Q1 25 | 0.31× | — | ||
| Q4 24 | 1.40× | — | ||
| Q3 24 | 1.34× | — | ||
| Q2 24 | 0.99× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
VITL
| Eggs And Egg Related Products | $205.8M | 96% |
| Butter And Butter Related Products | $7.7M | 4% |
VRNS
| SaaS | $161.1M | 93% |
| Term license subscriptions | $6.9M | 4% |
| Maintenance and services | $5.2M | 3% |
