• Varonis Systems average ebitda margin for 2023 was -15.03%, a 16.73% decline from 2022.
• Varonis Systems average ebitda margin for 2022 was -18.05%, a 28.47% decline from 2021.
• Varonis Systems average ebitda margin for 2021 was -14.05%, a 26.82% increase from 2020.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.