Radware Ltd.(RDWR)Earnings, Financials & Key Ratios
RDWR•NASDAQ
$27.48
$1.19B mkt cap·61.1× P/E·Price updated May 6, 2026
AboutRadware Ltd., together with its subsidiaries, develops, manufactures, and markets cyber security and application delivery solutions for applications in cloud, physical, and software defined data centers worldwide. The company offers DefensePro, a real-time network attack mitigation device; AppWall, a Web application firewall; Radware Kubernetes WAF, a Web application firewall solution for CI/CD environments orchestrated by Kubernetes; and DefenseFlow, a cyber-command and control application. It also provides Alteon, an application delivery controller/load balancer for web, cloud, and mobile based applications; and LinkProof NG, a multi-homing and enterprise gateway solution for connectivity of enterprise and cloud-based applications. In addition, the company offers Security Updates Subscription, which provides protection from network elements, hosts and applications against the latest security vulnerabilities and threats; ERT Active Attackers Feed that provides customers with information pertaining to attack sources recently involved in DDoS attacks and web attacks; Alteon Global Elastic License that enables a high level of flexibility for ADC services across datacenters, private and public clouds; APSolute Vision, a network monitoring tool for cyber security and application delivery solutions; and MSSP Portal, a DDoS detection and mitigation service portal. Further, it provides Cloud DDoS Protection Service, which offers a range of enterprise-grade DDoS protection services in the cloud, as well as technical support, professional, managed, and training and certification services to its customers. The company sells its products primarily to independent distributors, including value added resellers, original equipment manufacturers, and system integrators. Radware Ltd. was founded in 1996 and is headquartered in Tel Aviv, Israel.Show more
- Revenue$302M+9.8%
- EBITDA$23M+190.5%
- Net Income$20M+235.5%
- EPS (Diluted)0.45+221.4%
- Gross Margin80.67%
- EBITDA Margin7.65%+164.5%
- Operating Margin3.78%+367.3%
- Net Margin6.71%+205.5%
- ROE5.42%+205.2%
- ROIC2.95%+378.7%
- Debt/Equity0.04-14.8%
RDWR Key Insights
Radware Ltd. (RDWR) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
- ✓Strong 5Y profit CAGR of 16.0%
- ✓Strong Piotroski F-Score: 7/9
- ✓High quality earnings: Operating CF exceeds net income
✗Weaknesses
- ✗Weak 3Y average ROE of 0.3%
- ✗Thin 5Y average net margin of 0.7%
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
RDWR Price & Volume
Radware Ltd. (RDWR) stock price & volume — 10-year historical chart
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RDWR Growth Metrics
Radware Ltd. (RDWR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years3.38%
5 Years3.84%
3 Years0.95%
TTM9.81%
Profit CAGR
10 Years0.87%
5 Years16.02%
3 Years-
TTM235.49%
EPS CAGR
10 Years1.18%
5 Years17.61%
3 Years-
TTM229.29%
Return on Capital
10 Years-0.08%
5 Years-0.47%
3 Years-1.83%
Last Year2.46%
RDWR Recent Earnings
Radware Ltd. (RDWR) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 7/12 qtrs (58%)●Beat Revenue 5/12 qtrs (42%)
Q1 2026Latest
Feb 11, 2026EPS
$0.32
Est $0.30
+5.2%
Revenue
$80M
Est $79M
+2.0%
Q4 2025
Oct 29, 2025EPS
$0.28
Est $0.30
-7.0%
Revenue
$75M
Est $79M
-4.2%
Q3 2025
Jul 30, 2025EPS
$0.28
Est $0.26
+7.7%
Revenue
$74M
Est $75M
-0.6%
Q2 2025
May 7, 2025EPS
$0.27
Est $0.23
+17.4%
Revenue
$72M
Est $73M
-1.7%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 11, 2026 | $0.32vs $0.30+5.2% | $80Mvs $79M+2.0% |
| Q4 2025 | Oct 29, 2025 | $0.28vs $0.30-7.0% | $75Mvs $79M-4.2% |
| Q3 2025 | Jul 30, 2025 | $0.28vs $0.26+7.7% | $74Mvs $75M-0.6% |
| Q2 2025 | May 7, 2025 | $0.27vs $0.23+17.4% | $72Mvs $73M-1.7% |
Based on last 12 quarters of dataView full earnings history →
RDWR Peer Comparison
Radware Ltd. (RDWR) competitors in Application delivery and load balancing — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 FFIV | 19.21B | 339.90 | 28.81 | 9.66% | 21.96% | 19.88% | 4.72% | 0.14 |
 NTCT | 2.58B | 35.77 | -7.07 | -0.82% | 11.13% | 6.07% | 8.17% | 0.05 |
 QLYS | 3.29B | 92.14 | 16.94 | 10.13% | 29.41% | 37.15% | 9.26% | 0.17 |
 PANW | 129.34B | 183.98 | 114.99 | 14.87% | 12.96% | 13.65% | 2.68% | 0.04 |
 FTNT | 66.87B | 89.92 | 37.00 | 14.17% | 27.26% | 149.77% | 3.33% | 0.81 |
 CHKP | 12.26B | 117.64 | 12.23 | 6.25% | 38.37% | 36.43% | 9.85% | 0.68 |
 CWAN | 6.56B | 24.19 | -172.79 | 61.88% | -5.31% | -1.91% | 2.5% | 0.42 |
 AKAM | 17.69B | 117.94 | 36.07 | 4.7% | 10.74% | 9.08% | 4.71% | 0.95 |
Compare RDWR vs Peers
Radware Ltd. (RDWR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
RDWR Income Statement
Radware Ltd. (RDWR) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 211.37M | 234.4M | 252.07M | 250.03M | 286.5M | 293.43M | 261.29M | 274.88M | 301.85M |
| Revenue Growth % | 7.52% | 10.9% | 7.54% | -0.81% | 14.59% | 2.42% | -10.95% | 5.2% | 9.81% |
| Cost of Goods Sold | 39.62M | 41.67M | 45.17M | 45.08M | 52.45M | 53.88M | 51.71M | 53.25M | 58.34M |
| COGS % of Revenue | 18.74% | 17.78% | 17.92% | 18.03% | 18.31% | 18.36% | 19.79% | 19.37% | 19.33% |
| Gross Profit | 171.75M▲ 0% | 192.73M▲ 12.2% | 206.9M▲ 7.4% | 204.94M▼ 0.9% | 234.05M▲ 14.2% | 239.54M▲ 2.3% | 209.58M▼ 12.5% | 221.63M▲ 5.7% | 243.51M▲ 9.9% |
| Gross Margin % | 81.26% | 82.22% | 82.08% | 81.97% | 81.69% | 81.64% | 80.21% | 80.63% | 80.67% |
| Gross Profit Growth % | 6.75% | 12.21% | 7.35% | -0.94% | 14.2% | 2.35% | -12.51% | 5.75% | 9.87% |
| Operating Expenses | 178.42M | 185.21M | 189.98M | 198.78M | 215.82M | 242.88M | 241.26M | 225.51M | 232.1M |
| OpEx % of Revenue | 84.41% | 79.01% | 75.37% | 79.5% | 75.33% | 82.77% | 92.33% | 82.04% | 76.89% |
| Selling, General & Admin | 126.32M | 127.53M | 128.14M | 131.94M | 141.73M | 156.32M | 158.65M | 150.79M | 153.12M |
| SG&A % of Revenue | 59.76% | 54.41% | 50.83% | 52.77% | 49.47% | 53.27% | 60.72% | 54.86% | 50.73% |
| Research & Development | 59M | 57.67M | 61.84M | 66.84M | 74.1M | 86.56M | 82.62M | 74.72M | 78.98M |
| R&D % of Revenue | 27.91% | 24.6% | 24.53% | 26.73% | 25.86% | 29.5% | 31.62% | 27.18% | 26.17% |
| Other Operating Expenses | -6.9M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -6.67M▲ 0% | 7.52M▲ 212.8% | 16.92M▲ 124.8% | 6.17M▼ 63.5% | 18.23M▲ 195.5% | -3.34M▼ 118.3% | -31.68M▼ 848.8% | -3.89M▲ 87.7% | 11.41M▲ 393.5% |
| Operating Margin % | -3.16% | 3.21% | 6.71% | 2.47% | 6.36% | -1.14% | -12.12% | -1.41% | 3.78% |
| Operating Income Growth % | 47.67% | 212.79% | 124.84% | -63.54% | 195.48% | -118.32% | -848.79% | 87.73% | 393.49% |
| EBITDA | 4.56M | 17.31M | 28.2M | 16.73M | 28.42M | 8.35M | -19.44M | 7.95M | 23.09M |
| EBITDA Margin % | 2.16% | 7.38% | 11.19% | 6.69% | 9.92% | 2.85% | -7.44% | 2.89% | 7.65% |
| EBITDA Growth % | 291.88% | 279.43% | 62.95% | -40.68% | 69.91% | -70.61% | -332.68% | 140.9% | 190.5% |
| D&A (Non-Cash Add-back) | 11.23M | 9.78M | 11.28M | 10.56M | 10.2M | 11.69M | 12.24M | 11.84M | 11.68M |
| EBIT | -6.67M | 7.52M | 16.92M | 6.17M | 18.23M | -3.34M | -31.68M | -3.89M | 11.41M |
| Net Interest Income | 5.45M | 7.47M | 10.53M | 9.43M | 5.79M | 6.68M | 13.97M | 17.79M | 14.67M |
| Interest Income | 5.54M | 7.58M | 10.65M | 9.62M | 5.99M | 6.89M | 14.16M | 18.02M | 14.67M |
| Interest Expense | 89K | 113K | 124K | 189K | 200K | 207K | 197K | 236K | 0 |
| Other Income/Expense | 4.83M | 7.27M | 8.79M | 7.8M | 4.41M | 8.05M | 13.93M | 16.55M | 17.9M |
| Pretax Income | -1.84M▲ 0% | 14.8M▲ 903.8% | 25.71M▲ 73.7% | 13.96M▼ 45.7% | 22.63M▲ 62.1% | 4.71M▼ 79.2% | -17.75M▼ 476.7% | 12.66M▲ 171.3% | 29.31M▲ 131.4% |
| Pretax Margin % | -0.87% | 6.31% | 10.2% | 5.58% | 7.9% | 1.61% | -6.79% | 4.61% | 9.71% |
| Income Tax | 5.65M | 3.06M | 3.14M | 4.33M | 14.82M | 4.88M | 3.84M | 6.63M | 9.05M |
| Effective Tax Rate % | -307.01% | 20.7% | 12.23% | 30.99% | 65.49% | 103.52% | -21.61% | 52.33% | 30.88% |
| Net Income | -7.49M▲ 0% | 11.73M▲ 256.6% | 22.57M▲ 92.3% | 9.64M▼ 57.3% | 7.81M▼ 18.9% | -166K▼ 102.1% | -21.59M▼ 12906.0% | 6.04M▲ 128.0% | 20.26M▲ 235.5% |
| Net Margin % | -3.55% | 5.01% | 8.95% | 3.85% | 2.73% | -0.06% | -8.26% | 2.2% | 6.71% |
| Net Income Growth % | 13.47% | 256.61% | 92.3% | -57.3% | -18.94% | -102.13% | -12906.02% | 127.97% | 235.49% |
| Net Income (Continuing) | -7.49M | 11.73M | 22.57M | 9.64M | 7.81M | -166K | -21.59M | 6.04M | 20.26M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 36.28M | 39.18M | 40.8M | 41.32M |
| EPS (Diluted) | -0.17▲ 0% | 0.25▲ 247.1% | 0.47▲ 88.0% | 0.20▼ 57.4% | 0.16▼ 20.0% | -0.00▼ 102.3% | -0.50▼ 13413.5% | 0.14▲ 128.0% | 0.45▲ 221.4% |
| EPS Growth % | 15% | 247.06% | 88% | -57.45% | -20% | -102.31% | - | 128% | 221.43% |
| EPS (Basic) | -0.17 | 0.25 | 0.48 | 0.21 | 0.17 | -0.00 | -0.50 | 0.14 | 0.47 |
| Diluted Shares Outstanding | 43.48M | 47.69M | 48.52M | 47.74M | 47.5M | 44.94M | 42.87M | 43.36M | 44.7M |
| Basic Shares Outstanding | 43.48M | 46.94M | 46.82M | 46.46M | 45.92M | 44.94M | 42.87M | 41.98M | 42.88M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - |
RDWR Balance Sheet
Radware Ltd. (RDWR) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 248.13M | 358.63M | 222.53M | 347.98M | 320.2M | 335.87M | 375.93M | 320.88M | 316.51M |
| Cash & Short-Term Investments | 200.96M | 316.4M | 177.95M | 310.49M | 287.89M | 298.04M | 330.59M | 275.78M | 257.26M |
| Cash Only | 65.24M | 45.2M | 40.75M | 54.77M | 92.51M | 46.19M | 70.54M | 98.71M | 105.08M |
| Short-Term Investments | 135.72M | 271.2M | 137.2M | 255.72M | 195.38M | 251.86M | 260.05M | 177.07M | 152.18M |
| Accounts Receivable | 16.15M | 17.17M | 22.61M | 16.85M | 13.19M | 17.75M | 20.27M | 16.82M | 35.02M |
| Days Sales Outstanding | 27.89 | 26.73 | 32.74 | 24.6 | 16.81 | 22.08 | 28.31 | 22.34 | 42.35 |
| Inventory | 18.77M | 18.4M | 13.94M | 13.94M | 11.58M | 11.43M | 15.54M | 14.03M | 13.22M |
| Days Inventory Outstanding | 172.95 | 161.16 | 112.63 | 112.82 | 80.59 | 77.41 | 109.72 | 96.16 | 82.71 |
| Other Current Assets | 12.25M | 6.67M | 8.03M | 6.71M | 7.54M | 8.65M | 9.53M | 14.24M | 11M |
| Total Non-Current Assets | 220.95M | 173.68M | 373.12M | 275.46M | 314.66M | 309.17M | 195.99M | 297.8M | 354.66M |
| Property, Plant & Equipment | 23.64M | 23.68M | 41.12M | 50.8M | 45.07M | 44.15M | 39M | 34.09M | 32.08M |
| Fixed Asset Turnover | 8.94x | 9.90x | 6.13x | 4.92x | 6.36x | 6.65x | 6.70x | 8.06x | 9.41x |
| Goodwill | 32.17M | 32.17M | 41.14M | 41.14M | 41.14M | 68.01M | 68.01M | 68.01M | 68.01M |
| Intangible Assets | 10.41M | 9.47M | 14.48M | 12.59M | 10.73M | 19.69M | 15.72M | 11.75M | 7.78M |
| Long-Term Investments | 143.34M | 84.67M | 249.79M | 138.26M | 177.93M | 136.06M | 35.3M | 146.05M | 206.15M |
| Other Non-Current Assets | 8.13M | 20.72M | 24.29M | 30.22M | 37.33M | 41.27M | 37.97M | 37.91M | 40.64M |
| Total Assets | 469.09M▲ 0% | 532.32M▲ 13.5% | 595.66M▲ 11.9% | 623.26M▲ 4.6% | 635.37M▲ 1.9% | 643.59M▲ 1.3% | 571.92M▼ 11.1% | 618.68M▲ 8.2% | 671.16M▲ 8.5% |
| Asset Turnover | 0.45x | 0.44x | 0.42x | 0.40x | 0.45x | 0.46x | 0.46x | 0.44x | 0.45x |
| Asset Growth % | 9.13% | 13.48% | 11.9% | 4.63% | 1.94% | 1.29% | -11.14% | 8.18% | 8.48% |
| Total Current Liabilities | 107.37M | 118.36M | 126M | 143.75M | 165.89M | 164.03M | 155.01M | 168.47M | 193.7M |
| Accounts Payable | 5.37M | 4.48M | 6.32M | 3.88M | 4.31M | 6.46M | 4.3M | 5.58M | 7.23M |
| Days Payables Outstanding | 49.45 | 39.26 | 51.02 | 31.43 | 30 | 43.79 | 30.34 | 38.25 | 45.26 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 69.83M | 83.95M | 79.24M | 92.13M | 99.92M | 108.24M | 105.01M | 106.3M | 0 |
| Other Current Liabilities | 16.47M | 8.23M | 16.21M | 27.01M | 26.28M | 32.38M | 10.43M | 32.02M | 181.41M |
| Current Ratio | 2.31x | 3.03x | 1.77x | 2.42x | 1.93x | 2.05x | 2.43x | 1.90x | 1.63x |
| Quick Ratio | 2.14x | 2.87x | 1.66x | 2.32x | 1.86x | 1.98x | 2.32x | 1.82x | 1.57x |
| Cash Conversion Cycle | 151.39 | 148.63 | 94.35 | 105.98 | 67.4 | 55.71 | 107.69 | 80.25 | 79.8 |
| Total Non-Current Liabilities | 46.36M | 50M | 74.33M | 91.06M | 99.49M | 111.11M | 93.63M | 93.13M | 86.78M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 13.91M | 24.85M | 22.36M | 19.46M | 16.02M | 13.52M | 11.97M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 2.88M | 6.21M | 9.53M | 11.41M | 10.06M | 19.43M | 17.11M | 14.9M | 74.81M |
| Total Liabilities | 153.73M | 168.36M | 200.33M | 234.8M | 265.38M | 275.14M | 248.64M | 261.6M | 280.48M |
| Total Debt | 0 | 0 | 19.11M | 30.07M | 27.45M | 24.15M | 20.7M | 18.27M | 17.02M |
| Net Debt | -65.24M | -45.2M | -21.64M | -24.7M | -65.06M | -22.04M | -49.83M | -80.44M | -88.06M |
| Debt / Equity | - | - | 0.05x | 0.08x | 0.07x | 0.07x | 0.06x | 0.05x | 0.04x |
| Debt / EBITDA | - | - | 0.68x | 1.80x | 0.97x | 2.89x | - | 2.30x | 0.74x |
| Net Debt / EBITDA | -14.30x | -2.61x | -0.77x | -1.48x | -2.29x | -2.64x | - | -10.12x | -3.81x |
| Interest Coverage | -74.96x | 66.58x | 136.43x | 32.63x | 91.13x | -16.13x | -160.81x | -16.47x | - |
| Total Equity | 315.36M▲ 0% | 363.96M▲ 15.4% | 395.33M▲ 8.6% | 388.46M▼ 1.7% | 369.99M▼ 4.8% | 368.44M▼ 0.4% | 323.27M▼ 12.3% | 357.07M▲ 10.5% | 390.68M▲ 9.4% |
| Equity Growth % | 5.25% | 15.41% | 8.62% | -1.74% | -4.75% | -0.42% | -12.26% | 10.46% | 9.41% |
| Book Value per Share | 7.25 | 7.63 | 8.15 | 8.14 | 7.79 | 8.20 | 7.54 | 8.23 | 8.74 |
| Total Shareholders' Equity | 315.36M | 363.96M | 395.33M | 388.46M | 369.99M | 332.16M | 284.09M | 316.27M | 349.36M |
| Common Stock | 673K | 693K | 710K | 721K | 730K | 732K | 742K | 754K | 770K |
| Retained Earnings | 82.32M | 101.56M | 124.12M | 133.76M | 141.57M | 141.4M | 119.81M | 125.85M | 146.11M |
| Treasury Stock | -116.44M | -120.72M | -145.23M | -190.55M | -243.02M | -303.3M | -365.75M | -366.59M | -377.56M |
| Accumulated OCI | -443K | -1.11M | 1.15M | 1.52M | -455K | -4.84M | 77K | 1.1M | 1.39M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 36.28M | 39.18M | 40.8M | 41.32M |
RDWR Cash Flow Statement
Radware Ltd. (RDWR) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 31.46M | 49.25M | 52.85M | 61.81M | 71.77M | 32.15M | -3.5M | 71.61M | 50.09M |
| Operating CF Margin % | 14.89% | 21.01% | 20.97% | 24.72% | 25.05% | 10.96% | -1.34% | 26.05% | 16.59% |
| Operating CF Growth % | -18.52% | 56.54% | 7.31% | 16.95% | 16.12% | -55.21% | -110.89% | 2145.97% | -30.05% |
| Net Income | -7.49M | 11.73M | 22.57M | 9.64M | 7.81M | -166K | -21.59M | 6.04M | 20.26M |
| Depreciation & Amortization | 11.23M | 9.78M | 11.28M | 10.56M | 10.2M | 11.69M | 12.24M | 11.84M | 11.68M |
| Stock-Based Compensation | 13.03M | 12.5M | 13.06M | 16.55M | 17.57M | 27.35M | 34.02M | 26.03M | 0 |
| Deferred Taxes | 1.53M | 1.4M | 618K | 931K | 2.28M | -1.99M | -551K | -1.08M | 0 |
| Other Non-Cash Items | 226K | -2.39M | 1.59M | -1.85M | 2.42M | 1.78M | -717K | 2.95M | 32.5M |
| Working Capital Changes | 12.94M | 16.23M | 3.73M | 25.99M | 31.49M | -6.53M | -26.91M | 25.84M | -14.35M |
| Change in Receivables | 3.39M | -1.17M | -2.41M | 5.76M | 9.9M | -4.56M | -2.52M | 3.44M | -18.2M |
| Change in Inventory | -1.66M | 371K | 4.46M | 5K | 2.35M | 152K | -4.12M | 1.51M | 810K |
| Change in Payables | -734K | -884K | 2.34M | -1.7M | -77K | 3.76M | -2.17M | 1.28M | 0 |
| Cash from Investing | -56.34M | -85.5M | -50.79M | -14.37M | 7.85M | -56.02M | 92.78M | -39.52M | -30.07M |
| Capital Expenditures | -7.22M | -8.87M | -8.15M | -8.67M | -5.6M | -8.81M | -5.43M | -5.28M | -8.54M |
| CapEx % of Revenue | 3.41% | 3.78% | 3.24% | 3.47% | 1.96% | 3% | 2.08% | 1.92% | 2.83% |
| Acquisitions | -8.27M | -41.78M | -12.24M | 32.98M | 0 | -30M | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | -58.14M | -70.96M | -324.84M | -23.99M | 49K | 35K | 66K | 81K | -21.53M |
| Cash from Financing | 10.48M | 16.22M | -6.51M | -33.42M | -41.88M | -22.46M | -64.93M | -3.91M | -13.66M |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | -413K | -4.28M | -24.51M | -45.33M | -41.88M | -24.49M | -63.23M | -836K | -10.49M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -413K | -4.28M | -24.51M | -45.33M | -52.47M | -59.49M | -63.23M | -839K | -10.49M |
| Other Financing | 10.89M | 20.49M | 18M | 11.9M | 0 | 2.03M | -1.69M | -3.08M | -3.17M |
| Net Change in Cash | -14.4M▲ 0% | -20.03M▼ 39.1% | -4.45M▲ 77.8% | 14.02M▲ 414.9% | 37.74M▲ 169.2% | -46.33M▼ 222.7% | 24.35M▲ 152.6% | 28.18M▲ 15.7% | 6.36M▼ 77.4% |
| Free Cash Flow | 24.25M▲ 0% | 40.38M▲ 66.5% | 44.7M▲ 10.7% | 53.14M▲ 18.9% | 66.17M▲ 24.5% | 23.33M▼ 64.7% | -8.93M▼ 138.3% | 66.33M▲ 842.9% | 41.55M▼ 37.4% |
| FCF Margin % | 11.47% | 17.23% | 17.73% | 21.25% | 23.1% | 7.95% | -3.42% | 24.13% | 13.77% |
| FCF Growth % | -16.83% | 66.54% | 10.69% | 18.89% | 24.52% | -64.74% | -138.27% | 842.86% | -37.35% |
| FCF per Share | 0.56 | 0.85 | 0.92 | 1.11 | 1.39 | 0.52 | -0.21 | 1.53 | 0.93 |
| FCF Conversion (FCF/Net Income) | -4.20x | 4.20x | 2.34x | 6.41x | 9.19x | -193.66x | 0.16x | 11.86x | 2.47x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 14.35M | 6.42M | 3.3M | 1.31M | 2.75M | 18.07M | 4M | 921K | 0 |
RDWR Key Ratios
Radware Ltd. (RDWR) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -2.8% | -2.44% | 3.45% | 5.94% | 2.46% | 2.06% | -0.04% | -6.24% | 1.77% | 5.42% |
| Return on Invested Capital (ROIC) | -3.78% | -2.13% | 1.98% | 3.66% | 1.25% | 4.09% | -0.77% | -7.67% | -1.06% | 2.95% |
| Gross Margin | 81.84% | 81.26% | 82.22% | 82.08% | 81.97% | 81.69% | 81.64% | 80.21% | 80.63% | 80.67% |
| Net Margin | -4.4% | -3.55% | 5.01% | 8.95% | 3.85% | 2.73% | -0.06% | -8.26% | 2.2% | 6.71% |
| Debt / Equity | - | - | - | 0.05x | 0.08x | 0.07x | 0.07x | 0.06x | 0.05x | 0.04x |
| Interest Coverage | -109.91x | -74.96x | 66.58x | 136.43x | 32.63x | 91.13x | -16.13x | -160.81x | -16.47x | - |
| FCF Conversion | -4.46x | -4.20x | 4.20x | 2.34x | 6.41x | 9.19x | -193.66x | 0.16x | 11.86x | 2.47x |
| Revenue Growth | -9.23% | 7.52% | 10.9% | 7.54% | -0.81% | 14.59% | 2.42% | -10.95% | 5.2% | 9.81% |
RDWR Frequently Asked Questions
Radware Ltd. (RDWR) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Radware Ltd. (RDWR) reported $301.9M in revenue for fiscal year 2025. This represents a 6060% increase from $4.9M in 1998.
Radware Ltd. (RDWR) grew revenue by 9.8% over the past year. This is steady growth.
Yes, Radware Ltd. (RDWR) is profitable, generating $20.3M in net income for fiscal year 2025 (6.7% net margin).
Dividend & Returns
Radware Ltd. (RDWR) has a return on equity (ROE) of 5.4%. This is below average, suggesting room for improvement.
Radware Ltd. (RDWR) generated $42.8M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
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Radware Ltd. (RDWR) financial analysis — history, returns, DCA and operating performance tools
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