VRNS
Varonis Systems, Inc.
Price Chart
Latest Quote
$47.54
| Previous Close | $47.00 |
| Open | $45.82 |
| Day High | $48.28 |
| Day Low | $45.59 |
| Volume | 2,142,061 |
Stock Information
| Shares Outstanding | 114.81M |
| Total Debt | $522.17M |
| Cash Equivalents | $785.91M |
| Revenue | $660.24M |
| Net Income | $-130.40M |
| Sector | Technology |
| Industry | Software - Infrastructure |
| Market Cap | $5.58B |
| EPS (TTM) | $-1.14 |
| Exchange | NMS |
đ Comprehensive Analysis
Company Data
| Enterprise Value | $5.19B |
| Sales | $660.24M |
| Income | $-130.40M |
| Book/sh | $3.95 |
| Cash/sh | $6.85 |
| Employees | 3K |
Financial Ratios
| Quick Ratio | 1.48 |
| Current Ratio | 1.69 |
| Debt/Eq | 115.14 |
Returns & Margins
| ROA | -5.69% |
| ROE | -31.75% |
| Gross Margin | 78.11% |
| Operating Margin | -25.07% |
| Profit Margin | -19.75% |
Ownership
| Insider Ownership | 2.98% |
| Institutional Ownership | 99.26% |
| Insider & Institutional transactions data not available | |
Valuation Ratios
| Forward P/E | 123.84 |
| PEG | 7.38 |
| P/S | 8.46 |
| P/B | 12.04 |
Analyst Data
| Recommendation | buy |
| Target Price | $39.09 |
Technical Indicators
| SMA20 | $42.33 |
| SMA50 | $35.71 |
| SMA200 | $33.81 |
| RSI | 75.78 |
| ATR | 2.5037 |
| Shares Float | 111.33M |
| Short Float | 6.96% |
| Short Ratio | 3.34 |
| Volatility | 0.83 |
| Rel Volume | 0.78 |
Performance History
| Week | +6.76% |
| Month | +40.40% |
| Quarter | +98.91% |
| 6 Months | +36.45% |
| YTD | +48.38% |
| Year | -5.49% |
| 3 Years | +82.85% |
| 5 Years | -20.91% |
| 10 Years | +461.28% |
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Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-07-17 | $47.54 | 2,142,200 |
| 2026-07-16 | $47.00 | 1,286,600 |
| 2026-07-15 | $47.33 | 2,025,900 |
| 2026-07-14 | $48.19 | 3,592,900 |
| 2026-07-13 | $45.38 | 1,374,600 |
| 2026-07-10 | $44.53 | 1,315,900 |
| 2026-07-09 | $45.81 | 1,138,800 |
| 2026-07-08 | $45.07 | 1,991,600 |
| 2026-07-07 | $45.84 | 2,642,700 |
| 2026-07-06 | $45.67 | 3,584,800 |
| 2026-07-02 | $42.86 | 1,333,200 |
| 2026-07-01 | $41.89 | 2,203,300 |
| 2026-06-30 | $41.96 | 1,961,500 |
| 2026-06-29 | $40.21 | 2,494,400 |
| 2026-06-26 | $40.30 | 4,793,300 |
| 2026-06-25 | $38.56 | 3,882,200 |
| 2026-06-24 | $37.29 | 3,859,600 |
| 2026-06-23 | $35.03 | 9,763,100 |
| 2026-06-22 | $32.71 | 1,096,100 |
| 2026-06-18 | $33.38 | 2,239,800 |
About Varonis Systems, Inc.
Varonis Systems, Inc. provides software products and services that continuously discover and classify critical data, remediate exposures, and detect advanced threats with AI-powered technology in North America, Europe, APAC, and rest of worlds. The company offers Varonis Data Security Platform, a Software-as-a-Service solution which includes Data security posture management, Data access intelligence, Data discovery & classification, Discovery policy library, least privilege automation, Data activity monitoring, Data detection and response, and User & entity behavior analytics. It also provides Protection Packages, such as Microsoft 365, Windows & NAS, Hybrid, and Cloud Environments, as well as Database and Email Security Capabilities and On-Premises Subscription Products. It serves the financial services, public, healthcare, industrial, insurance, energy and utilities, technology, construction and engineering, education, and consumer and retail industries. Varonis Systems, Inc. was incorporated in 2004 and is headquartered in Miami, Florida.
đ° Latest News
Rapid7, Tenable, and Varonis Systems Stocks Trade Up, What You Need To Know
StockStory âĸ 2026-07-14T19:27:11Z3 Stocks Under $50 We Think Twice About
StockStory âĸ 2026-07-10T12:55:20ZAtlassian, Varonis Systems, and PubMatic Stocks Trade Down, What You Need To Know
StockStory âĸ 2026-07-08T22:34:44ZIs Varonis Systems, Inc. (VRNS) among the Best Cybersecurity Stocks to Buy and Hold for the Long Term?
Insider Monkey âĸ 2026-07-08T14:48:29ZVaronis Systems (VRNS) Shares Skyrocket, What You Need To Know
StockStory âĸ 2026-07-06T23:48:01Z1 Unprofitable Stock Worth Your Attention and 2 That Underwhelm
StockStory âĸ 2026-07-02T13:32:24ZVaronis (VRNS) Stock Looks Overvalued With Shares Near Fair Value
Simply Wall St. âĸ 2026-07-02T12:11:06Z3 Cash-Heavy Stocks with Open Questions
StockStory âĸ 2026-07-01T09:05:00ZVaronis Systems, Appian, and Wix Stocks Trade Up, What You Need To Know
StockStory âĸ 2026-06-25T00:56:25ZBlackBerry, Take-Two initiations among today's top calls on Wall Street
The Fly âĸ 2026-06-24T13:31:45ZIncome Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Revenue | ||||
| Reconciled Cost Of Revenue | $131,974,000 | $93,847,000 | $71,751,000 | $69,836,000 |
| Cost Of Revenue | $131,974,000 | $93,847,000 | $71,751,000 | $69,836,000 |
| Total Revenue | $623,532,000 | $550,950,000 | $499,160,000 | $473,634,000 |
| Operating Revenue | $623,532,000 | $550,950,000 | $499,160,000 | $473,634,000 |
| Expenses | ||||
| Interest Expense | $6,568,000 | $4,571,000 | $3,197,000 | $3,167,000 |
| Total Expenses | $770,046,000 | $668,601,000 | $616,383,000 | $594,862,000 |
| Other Income Expense | $-7,147,000 | $11,863,000 | $10,270,000 | $5,491,000 |
| Net Non Operating Interest Income Expense | $37,341,000 | $22,781,000 | $20,035,000 | $4,922,000 |
| Total Other Finance Cost | $6,037,000 | $3,003,000 | $1,975,000 | $1,981,000 |
| Interest Expense Non Operating | $6,568,000 | $4,571,000 | $3,197,000 | $3,167,000 |
| Operating Expense | $638,072,000 | $574,754,000 | $544,632,000 | $525,026,000 |
| Selling And Marketing Expense | $301,342,000 | $288,769,000 | $277,893,000 | $275,090,000 |
| General And Administrative Expense | $98,916,000 | $89,220,000 | $82,901,000 | $72,055,000 |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $-129,324,000 | $-95,765,000 | $-100,916,000 | $-124,518,000 |
| Net Interest Income | $37,341,000 | $22,781,000 | $20,035,000 | $4,922,000 |
| Interest Income | $49,946,000 | $30,355,000 | $25,207,000 | $10,070,000 |
| Normalized Income | $-123,677,870 | $-95,111,670 | $-101,639,640 | $-128,584,130 |
| Net Income From Continuing And Discontinued Operation | $-129,324,000 | $-95,765,000 | $-100,916,000 | $-124,518,000 |
| Total Operating Income As Reported | $-146,514,000 | $-117,651,000 | $-117,223,000 | $-121,228,000 |
| Net Income Common Stockholders | $-129,324,000 | $-95,765,000 | $-100,916,000 | $-124,518,000 |
| Net Income | $-129,324,000 | $-95,765,000 | $-100,916,000 | $-124,518,000 |
| Net Income Including Noncontrolling Interests | $-129,324,000 | $-95,765,000 | $-100,916,000 | $-124,518,000 |
| Net Income Continuous Operations | $-129,324,000 | $-95,765,000 | $-100,916,000 | $-124,518,000 |
| Pretax Income | $-116,320,000 | $-83,007,000 | $-86,918,000 | $-110,815,000 |
| Interest Income Non Operating | $49,946,000 | $30,355,000 | $25,207,000 | $10,070,000 |
| Operating Income | $-146,514,000 | $-117,651,000 | $-117,223,000 | $-121,228,000 |
| Gross Profit | $491,558,000 | $457,103,000 | $427,409,000 | $403,798,000 |
| Per Share | ||||
| Diluted EPS | $-1.13 | $-0.86 | $-0.92 | $-1.14 |
| Basic EPS | $-1.13 | $-0.86 | $-0.92 | $-1.14 |
| Other | ||||
| Tax Effect Of Unusual Items | $-1,500,870 | $-173,670 | $192,360 | $1,080,870 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $-90,296,000 | $-66,483,000 | $-72,934,000 | $-100,619,000 |
| Total Unusual Items | $-7,147,000 | $-827,000 | $916,000 | $5,147,000 |
| Total Unusual Items Excluding Goodwill | $-7,147,000 | $-827,000 | $916,000 | $5,147,000 |
| Reconciled Depreciation | $12,309,000 | $11,126,000 | $11,703,000 | $12,176,000 |
| EBITDA (Bullshit earnings) | $-97,443,000 | $-67,310,000 | $-72,018,000 | $-95,472,000 |
| EBIT | $-109,752,000 | $-78,436,000 | $-83,721,000 | $-107,648,000 |
| Diluted Average Shares | $114,413,076 | $111,660,541 | $109,141,894 | $109,281,368 |
| Basic Average Shares | $114,413,076 | $111,660,541 | $109,141,894 | $109,281,368 |
| Diluted NI Availto Com Stockholders | $-129,324,000 | $-95,765,000 | $-100,916,000 | $-124,518,000 |
| Tax Provision | $13,004,000 | $12,758,000 | $13,998,000 | $13,703,000 |
| Securities Amortization | $0 | $-12,690,000 | $-9,354,000 | $-344,000 |
| Gain On Sale Of Security | $-7,147,000 | $-827,000 | $916,000 | $5,147,000 |
| Research And Development | $237,814,000 | $196,765,000 | $183,838,000 | $177,881,000 |
| Selling General And Administration | $400,258,000 | $377,989,000 | $360,794,000 | $347,145,000 |
| Other Gand A | $98,916,000 | $89,220,000 | $82,901,000 | $72,055,000 |
Balance Sheet (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $446,693,000 | $432,521,000 | $465,250,000 | $476,202,000 |
| Total Assets | $1,791,612,000 | $1,664,275,000 | $1,103,910,000 | $1,043,732,000 |
| Total Non Current Assets | $493,057,000 | $786,201,000 | $336,753,000 | $138,075,000 |
| Other Non Current Assets | $60,183,000 | $27,782,000 | $15,490,000 | $16,337,000 |
| Investmentin Financial Assets | $187,202,000 | $658,896,000 | $211,063,000 | $0 |
| Goodwill And Other Intangible Assets | $151,963,000 | $23,135,000 | $24,398,000 | $25,923,000 |
| Other Intangible Assets | $16,687,000 | - | $1,263,000 | $2,788,000 |
| Current Assets | $1,298,555,000 | $878,074,000 | $767,157,000 | $905,657,000 |
| Hedging Assets Current | $21,605,000 | $8,099,000 | $3,408,000 | $0 |
| Current Deferred Assets | $45,723,000 | $34,132,000 | $21,694,000 | $19,389,000 |
| Prepaid Assets | $20,921,000 | $28,540,000 | $23,818,000 | $10,625,000 |
| Receivables | $289,340,000 | $238,885,000 | $184,522,000 | $143,155,000 |
| Other Receivables | $46,518,000 | $46,053,000 | $15,406,000 | $7,176,000 |
| Accounts Receivable | $242,822,000 | $192,832,000 | $169,116,000 | $135,979,000 |
| Allowance For Doubtful Accounts Receivable | $-1,260,000 | $-2,518,000 | $-1,487,000 | $-3,453,000 |
| Gross Accounts Receivable | $244,082,000 | $195,350,000 | $170,603,000 | $139,432,000 |
| Cash Cash Equivalents And Short Term Investments | $920,966,000 | $568,418,000 | $533,715,000 | $732,488,000 |
| Cash And Cash Equivalents | $202,482,000 | $185,585,000 | $230,740,000 | $367,800,000 |
| Other Current Assets | - | - | - | $7,176,000 |
| Debt | ||||
| Net Debt | $249,777,000 | $515,187,000 | $19,737,000 | - |
| Total Debt | $521,747,000 | $754,406,000 | $311,839,000 | $316,462,000 |
| Long Term Debt And Capital Lease Obligation | $512,008,000 | $493,032,000 | $301,790,000 | $306,590,000 |
| Long Term Debt | $452,259,000 | $450,243,000 | $250,477,000 | $248,963,000 |
| Current Debt And Capital Lease Obligation | $9,739,000 | $261,374,000 | $10,049,000 | $9,872,000 |
| Current Debt | - | $250,529,000 | - | - |
| Other Current Borrowings | - | $250,529,000 | - | - |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $1,192,956,000 | $1,208,619,000 | $614,262,000 | $541,607,000 |
| Total Non Current Liabilities Net Minority Interest | $533,999,000 | $498,734,000 | $307,484,000 | $312,864,000 |
| Other Non Current Liabilities | $7,585,000 | $3,491,000 | $4,808,000 | $4,771,000 |
| Non Current Deferred Liabilities | $14,406,000 | $2,211,000 | $886,000 | $1,503,000 |
| Current Liabilities | $658,957,000 | $709,885,000 | $306,778,000 | $228,743,000 |
| Other Current Liabilities | $93,644,000 | $62,806,000 | $40,483,000 | $42,192,000 |
| Current Deferred Liabilities | $427,811,000 | $290,113,000 | $181,049,000 | $110,550,000 |
| Payables And Accrued Expenses | $127,763,000 | $95,592,000 | $75,197,000 | $66,129,000 |
| Payables | $5,735,000 | $4,313,000 | $672,000 | $2,962,000 |
| Accounts Payable | $5,735,000 | $4,313,000 | $672,000 | $2,962,000 |
| Equity | ||||
| Common Stock Equity | $598,656,000 | $455,656,000 | $489,648,000 | $502,125,000 |
| Total Equity Gross Minority Interest | $598,656,000 | $455,656,000 | $489,648,000 | $502,125,000 |
| Stockholders Equity | $598,656,000 | $455,656,000 | $489,648,000 | $502,125,000 |
| Gains Losses Not Affecting Retained Earnings | $23,132,000 | $2,676,000 | $-8,649,000 | $-9,557,000 |
| Other Equity Adjustments | $23,132,000 | $2,676,000 | $-8,649,000 | $-9,557,000 |
| Retained Earnings | $-869,479,000 | $-740,155,000 | $-644,390,000 | $-543,474,000 |
| Other | ||||
| Ordinary Shares Number | $117,546,852 | $112,550,156 | $109,103,721 | $107,673,052 |
| Share Issued | $117,546,852 | $112,550,156 | $109,103,721 | $107,673,052 |
| Tangible Book Value | $446,693,000 | $432,521,000 | $465,250,000 | $476,202,000 |
| Invested Capital | $1,050,915,000 | $1,156,428,000 | $740,125,000 | $751,088,000 |
| Working Capital | $639,598,000 | $168,189,000 | $460,379,000 | $676,914,000 |
| Capital Lease Obligations | $69,488,000 | $53,634,000 | $61,362,000 | $67,499,000 |
| Total Capitalization | $1,050,915,000 | $905,899,000 | $740,125,000 | $751,088,000 |
| Additional Paid In Capital | $1,444,885,000 | $1,193,022,000 | $1,142,578,000 | $1,055,048,000 |
| Capital Stock | $118,000 | $113,000 | $109,000 | $108,000 |
| Common Stock | $118,000 | $113,000 | $109,000 | $108,000 |
| Non Current Deferred Revenue | $14,406,000 | $2,211,000 | $886,000 | $1,503,000 |
| Long Term Capital Lease Obligation | $59,749,000 | $42,789,000 | $51,313,000 | $57,627,000 |
| Current Deferred Revenue | $427,811,000 | $290,113,000 | $181,049,000 | $110,550,000 |
| Current Capital Lease Obligation | $9,739,000 | $10,845,000 | $10,049,000 | $9,872,000 |
| Current Accrued Expenses | $122,028,000 | $91,279,000 | $74,525,000 | $63,167,000 |
| Investments And Advances | $187,202,000 | $658,896,000 | $211,063,000 | $0 |
| Available For Sale Securities | $187,202,000 | $658,896,000 | $211,063,000 | - |
| Goodwill | $135,276,000 | $23,135,000 | $23,135,000 | $23,135,000 |
| Net PPE | $93,709,000 | $76,388,000 | $85,802,000 | $95,815,000 |
| Accumulated Depreciation | $-56,240,000 | $-51,278,000 | $-45,524,000 | $-41,192,000 |
| Gross PPE | $149,949,000 | $127,666,000 | $131,326,000 | $137,007,000 |
| Leases | $49,788,000 | $45,062,000 | $45,878,000 | $45,520,000 |
| Other Properties | $57,677,000 | $45,593,000 | $51,838,000 | $56,772,000 |
| Machinery Furniture Equipment | $42,484,000 | $37,011,000 | $33,610,000 | $34,715,000 |
| Properties | $0 | $0 | $0 | $0 |
| Other Short Term Investments | $718,484,000 | $382,833,000 | $302,975,000 | $364,688,000 |
Cash Flow Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $131,910,000 | $101,853,000 | $54,317,000 | $475,000 |
| Operating Activities | ||||
| Operating Cash Flow | $147,431,000 | $115,200,000 | $59,416,000 | $11,871,000 |
| Cash Flow From Continuing Operating Activities | $147,431,000 | $115,200,000 | $59,416,000 | $11,871,000 |
| Operating Gains Losses | $-253,000 | - | - | $-21,000 |
| Investing Activities | ||||
| Capital Expenditure | $-15,521,000 | $-13,347,000 | $-5,099,000 | $-11,396,000 |
| Investing Cash Flow | $-837,000 | $-532,255,000 | $-143,076,000 | $-374,251,000 |
| Cash Flow From Continuing Investing Activities | $-837,000 | $-532,255,000 | $-143,076,000 | $-374,251,000 |
| Capital Expenditure Reported | $-2,893,000 | $0 | $0 | - |
| Financing Activities | ||||
| Repurchase Of Capital Stock | $-115,000,000 | $0 | $-43,522,000 | $-56,444,000 |
| Financing Cash Flow | $-129,697,000 | $371,900,000 | $-53,400,000 | $-75,581,000 |
| Cash Flow From Continuing Financing Activities | $-129,697,000 | $371,900,000 | $-53,400,000 | $-75,581,000 |
| Net Other Financing Charges | $-29,162,000 | $-93,817,000 | $-21,415,000 | $-31,077,000 |
| Net Common Stock Issuance | $-115,000,000 | $0 | $-43,522,000 | $-56,444,000 |
| Issuance Of Capital Stock | - | - | $0 | $0 |
| Common Stock Issuance | - | - | $0 | $0 |
| Other | ||||
| Repayment Of Debt | $-137,000 | $0 | $0 | - |
| Issuance Of Debt | $0 | $449,635,000 | $0 | $0 |
| Interest Paid Supplemental Data | $7,724,000 | $3,193,000 | $3,196,000 | $3,167,000 |
| Income Tax Paid Supplemental Data | $3,585,000 | $24,249,000 | $16,089,000 | $7,354,000 |
| End Cash Position | $202,482,000 | $185,585,000 | $230,740,000 | $367,800,000 |
| Beginning Cash Position | $185,585,000 | $230,740,000 | $367,800,000 | $805,761,000 |
| Changes In Cash | $16,897,000 | $-45,155,000 | $-137,060,000 | $-437,961,000 |
| Proceeds From Stock Option Exercised | $14,602,000 | $16,082,000 | $11,537,000 | $11,940,000 |
| Common Stock Payments | $-115,000,000 | $0 | $-43,522,000 | $-56,444,000 |
| Net Issuance Payments Of Debt | $-137,000 | $449,635,000 | $0 | $0 |
| Net Long Term Debt Issuance | $-137,000 | $449,635,000 | $0 | $0 |
| Long Term Debt Payments | $-137,000 | $0 | $0 | - |
| Long Term Debt Issuance | $0 | $449,635,000 | $0 | $0 |
| Net Investment Purchase And Sale | $138,198,000 | $-518,908,000 | $-137,977,000 | $-362,876,000 |
| Sale Of Investment | $618,223,000 | $455,187,000 | $515,794,000 | $57,561,000 |
| Purchase Of Investment | $-480,025,000 | $-974,095,000 | $-653,771,000 | $-420,437,000 |
| Net Business Purchase And Sale | $-123,514,000 | $0 | $0 | $0 |
| Purchase Of Business | $-123,514,000 | $0 | $0 | $0 |
| Net Intangibles Purchase And Sale | $0 | $-6,653,000 | $0 | $0 |
| Purchase Of Intangibles | $0 | $-6,653,000 | $0 | $0 |
| Net PPE Purchase And Sale | $-12,628,000 | $-6,694,000 | $-5,099,000 | $-11,375,000 |
| Purchase Of PPE | $-12,628,000 | $-6,694,000 | $-5,099,000 | $-11,396,000 |
| Change In Working Capital | $67,235,000 | $13,132,000 | $-45,890,000 | $-78,441,000 |
| Change In Other Working Capital | $57,208,000 | $50,569,000 | $16,377,000 | $-43,869,000 |
| Change In Other Current Liabilities | $2,404,000 | $306,000 | $474,000 | $1,364,000 |
| Change In Other Current Assets | $-1,134,000 | $347,000 | $-577,000 | $502,000 |
| Change In Payables And Accrued Expense | $54,055,000 | $20,958,000 | $-7,568,000 | $-11,477,000 |
| Change In Accrued Expense | $52,826,000 | $17,317,000 | $-5,278,000 | $-9,115,000 |
| Change In Payable | $1,229,000 | $3,641,000 | $-2,290,000 | $-2,362,000 |
| Change In Account Payable | $1,229,000 | $3,641,000 | $-2,290,000 | $-2,362,000 |
| Change In Prepaid Assets | $7,256,000 | $-35,332,000 | $-21,459,000 | $-6,161,000 |
| Change In Receivables | $-52,554,000 | $-23,716,000 | $-33,137,000 | $-18,800,000 |
| Changes In Account Receivables | $-52,554,000 | $-23,716,000 | $-33,137,000 | $-18,800,000 |
| Other Non Cash Items | $64,955,000 | $72,715,000 | $64,054,000 | $60,157,000 |
| Stock Based Compensation | $130,242,000 | $126,682,000 | $139,819,000 | $142,862,000 |
| Amortization Of Securities | $2,267,000 | $-12,690,000 | $-9,354,000 | $-344,000 |
| Depreciation Amortization Depletion | $12,309,000 | $11,126,000 | $11,703,000 | $12,176,000 |
| Depreciation And Amortization | $12,309,000 | $11,126,000 | $11,703,000 | $12,176,000 |
| Amortization Cash Flow | $1,053,000 | $1,263,000 | $1,525,000 | $1,525,000 |
| Amortization Of Intangibles | $1,053,000 | $1,263,000 | $1,525,000 | $1,525,000 |
| Depreciation | $11,256,000 | $9,863,000 | $10,177,000 | $10,651,000 |
| Gain Loss On Investment Securities | $-253,000 | - | - | - |
| Net Income From Continuing Operations | $-129,324,000 | $-95,765,000 | $-100,916,000 | $-124,518,000 |
| Sale Of PPE | - | $0 | $0 | $21,000 |
| Gain Loss On Sale Of PPE | - | $0 | $0 | $-21,000 |