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Side-by-side financial comparison of VARONIS SYSTEMS INC (VRNS) and WYNDHAM HOTELS & RESORTS, INC. (WH). Click either name above to swap in a different company.
WYNDHAM HOTELS & RESORTS, INC. is the larger business by last-quarter revenue ($334.0M vs $173.1M, roughly 1.9× VARONIS SYSTEMS INC). On growth, VARONIS SYSTEMS INC posted the faster year-over-year revenue change (26.9% vs -76.3%). WYNDHAM HOTELS & RESORTS, INC. produced more free cash flow last quarter ($168.0M vs $49.0M). Over the past eight quarters, VARONIS SYSTEMS INC's revenue compounded faster (15.2% CAGR vs -4.6%).
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.
Wyndham Hotels & Resorts, Inc., is an American hospitality company based in Parsippany, New Jersey, United States. It describes itself as the largest hotel franchisor in the world, with 9,100 locations.
VRNS vs WH — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $173.1M | $334.0M |
| Net Profit | — | $-60.0M |
| Gross Margin | 76.0% | — |
| Operating Margin | -1.7% | — |
| Net Margin | — | -18.0% |
| Revenue YoY | 26.9% | -76.3% |
| Net Profit YoY | — | -170.6% |
| EPS (diluted) | — | $-0.80 |
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 | $334.0M | ||
| Q4 25 | $173.4M | $334.0M | ||
| Q3 25 | $161.6M | $382.0M | ||
| Q2 25 | $152.2M | $397.0M | ||
| Q1 25 | $136.4M | $316.0M | ||
| Q4 24 | $158.5M | $336.0M | ||
| Q3 24 | $148.1M | $396.0M | ||
| Q2 24 | $130.3M | $367.0M |
| Q1 26 | — | $-60.0M | ||
| Q4 25 | $-27.8M | $-60.0M | ||
| Q3 25 | $-29.9M | $105.0M | ||
| Q2 25 | $-35.8M | $87.0M | ||
| Q1 25 | $-35.8M | $61.0M | ||
| Q4 24 | $-13.0M | $85.0M | ||
| Q3 24 | $-18.3M | $102.0M | ||
| Q2 24 | $-23.9M | $86.0M |
| 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 | -17.5% | -11.4% | ||
| Q3 25 | -22.2% | 46.6% | ||
| Q2 25 | -24.0% | 37.8% | ||
| Q1 25 | -32.1% | 35.4% | ||
| Q4 24 | -11.1% | 38.4% | ||
| Q3 24 | -16.0% | 43.2% | ||
| Q2 24 | -22.1% | 39.5% |
| Q1 26 | — | -18.0% | ||
| Q4 25 | -16.0% | -18.0% | ||
| Q3 25 | -18.5% | 27.5% | ||
| Q2 25 | -23.5% | 21.9% | ||
| Q1 25 | -26.2% | 19.3% | ||
| Q4 24 | -8.2% | 25.3% | ||
| Q3 24 | -12.4% | 25.8% | ||
| Q2 24 | -18.4% | 23.4% |
| Q1 26 | — | $-0.80 | ||
| Q4 25 | $-0.23 | $-0.77 | ||
| Q3 25 | $-0.26 | $1.36 | ||
| Q2 25 | $-0.32 | $1.13 | ||
| Q1 25 | $-0.32 | $0.78 | ||
| Q4 24 | $-0.12 | $1.06 | ||
| Q3 24 | $-0.16 | $1.29 | ||
| Q2 24 | $-0.21 | $1.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $179.3M | $64.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $453.5M | $468.0M |
| Total Assets | $1.6B | $4.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $179.3M | $64.0M | ||
| Q4 25 | $883.7M | $64.0M | ||
| Q3 25 | $671.3M | $70.0M | ||
| Q2 25 | $770.9M | $50.0M | ||
| Q1 25 | $567.6M | $48.0M | ||
| Q4 24 | $529.0M | $103.0M | ||
| Q3 24 | $844.8M | $72.0M | ||
| Q2 24 | $582.5M | $70.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $2.5B | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | — | $2.5B | ||
| Q1 25 | — | $2.5B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $2.4B | ||
| Q2 24 | — | $2.4B |
| Q1 26 | $453.5M | $468.0M | ||
| Q4 25 | $598.7M | $468.0M | ||
| Q3 25 | $604.8M | $583.0M | ||
| Q2 25 | $341.5M | $570.0M | ||
| Q1 25 | $367.7M | $579.0M | ||
| Q4 24 | $455.7M | $650.0M | ||
| Q3 24 | $428.6M | $583.0M | ||
| Q2 24 | $458.6M | $623.0M |
| Q1 26 | $1.6B | $4.2B | ||
| Q4 25 | $1.8B | $4.2B | ||
| Q3 25 | $1.7B | $4.3B | ||
| Q2 25 | $1.6B | $4.3B | ||
| Q1 25 | $1.6B | $4.2B | ||
| Q4 24 | $1.7B | $4.2B | ||
| Q3 24 | $1.5B | $4.2B | ||
| Q2 24 | $1.1B | $4.2B |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.37× | ||
| Q3 25 | — | 4.43× | ||
| Q2 25 | — | 4.44× | ||
| Q1 25 | — | 4.29× | ||
| Q4 24 | — | 3.72× | ||
| Q3 24 | — | 4.19× | ||
| Q2 24 | — | 3.83× |
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 | $55.0M | $367.0M |
| Free Cash FlowOCF − Capex | $49.0M | $168.0M |
| FCF MarginFCF / Revenue | 28.3% | 50.3% |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $118.2M | $437.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $55.0M | $367.0M | ||
| Q4 25 | $24.7M | $152.0M | ||
| Q3 25 | $33.4M | $86.0M | ||
| Q2 25 | $21.3M | $70.0M | ||
| Q1 25 | $68.0M | $59.0M | ||
| Q4 24 | $24.3M | $134.0M | ||
| Q3 24 | $22.5M | $79.0M | ||
| Q2 24 | $11.7M | $1.0M |
| Q1 26 | $49.0M | $168.0M | ||
| Q4 25 | $20.7M | $136.0M | ||
| Q3 25 | $30.4M | $75.0M | ||
| Q2 25 | $18.0M | $58.0M | ||
| Q1 25 | $65.7M | $52.0M | ||
| Q4 24 | $19.9M | $109.0M | ||
| Q3 24 | $21.3M | $71.0M | ||
| Q2 24 | $10.9M | $-6.0M |
| Q1 26 | 28.3% | 50.3% | ||
| Q4 25 | 12.0% | 40.7% | ||
| Q3 25 | 18.8% | 19.6% | ||
| Q2 25 | 11.8% | 14.6% | ||
| Q1 25 | 48.1% | 16.5% | ||
| Q4 24 | 12.6% | 32.4% | ||
| Q3 24 | 14.4% | 17.9% | ||
| Q2 24 | 8.4% | -1.6% |
| Q1 26 | — | — | ||
| Q4 25 | 2.3% | 4.8% | ||
| Q3 25 | 1.8% | 2.9% | ||
| Q2 25 | 2.2% | 3.0% | ||
| Q1 25 | 1.7% | 2.2% | ||
| Q4 24 | 2.7% | 7.4% | ||
| Q3 24 | 0.8% | 2.0% | ||
| Q2 24 | 0.6% | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.82× | ||
| Q2 25 | — | 0.80× | ||
| Q1 25 | — | 0.97× | ||
| Q4 24 | — | 1.58× | ||
| Q3 24 | — | 0.77× | ||
| Q2 24 | — | 0.01× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
VRNS
| SaaS | $161.1M | 93% |
| Term license subscriptions | $6.9M | 4% |
| Maintenance and services | $5.2M | 3% |
WH
| Fee-related and other revenues | $334.0M | 100% |
| Management and other fees | $2.0M | 1% |
