• Varonis Systems average return on tangible equity for 2024 was -21.27, a 11.08% increase from 2023.
• Varonis Systems average return on tangible equity for 2023 was -23.92, a 5.04% decline from 2022.
• Varonis Systems average return on tangible equity for 2022 was -25.19, a 23.78% decline from 2021.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.