Radware Ltd. (RDWR) quarterly balance sheet — complete assets, liabilities & equity history
Radware Ltd. (RDWR) balance sheet — 28-year assets, liabilities & shareholders' equity history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Total Current Assets | 335.22M | 320.14M | 315.06M | 316.51M | 299.14M | 323.42M | 339.89M | 320.88M | 365.62M | 426.97M | 408.18M | 375.93M | 358.02M | 381.59M | 362.01M | 335.87M | 301.51M | 317.41M | 260.32M | 320.2M |
| Cash & Short-Term Investments | 264.36M | 248.44M | 251.81M | 257.26M | 241.08M | 273.51M | 291.72M | 275.78M | 322.22M | 378.49M | 363.95M | 330.59M | 321.74M | 342.63M | 322.86M | 298.04M | 268.89M | 280.81M | 218.04M | 287.89M |
| Cash Only | 102.93M | 85.2M | 108.81M | 105.08M | 87.28M | 103.84M | 114.24M | 98.71M | 115.42M | 86.8M | 74.63M | 70.54M | 32.42M | 42.64M | 41.88M | 46.19M | 42.47M | 49.2M | 54.48M | 92.51M |
| Short-Term Investments | 161.43M | 163.24M | 143M | 152.18M | 153.8M | 169.66M | 177.48M | 177.07M | 206.81M | 291.69M | 289.33M | 260.05M | 289.32M | 299.99M | 280.98M | 251.86M | 226.42M | 231.61M | 163.56M | 195.38M |
| Accounts Receivable | 40.65M | 52.9M | 31.93M | 35.02M | 29.99M | 22.86M | 34.66M | 16.82M | 19.96M | 25.5M | 20.49M | 20.27M | 12.37M | 16.82M | 18.76M | 17.75M | 13.35M | 11.84M | 19.05M | 13.19M |
| Days Sales Outstanding | 51.01 | 46.91 | 37.75 | 37.27 | 32.29 | 35.27 | 32.14 | 23.17 | 30.1 | 31.1 | 28.49 | 23.09 | 21.8 | 24.67 | 23.8 | 19.31 | 16.43 | 18.71 | 19.68 | 14.8 |
| Inventory | 13.98M | 13.65M | 13.13M | 13.22M | 13.33M | 13.31M | 13.51M | 14.03M | 13.54M | 13.8M | 14.54M | 15.54M | 12.99M | 12.32M | 11.28M | 11.43M | 10.85M | 11.4M | 11.26M | 11.58M |
| Days Inventory Outstanding | 76.08 | 77.04 | 78.46 | 78.93 | 84.15 | 85.25 | 88.59 | 90.65 | 93.91 | 98.75 | 106.84 | 102.37 | 90.71 | 84.28 | 76.79 | 73.65 | 77.93 | 74.23 | 79.4 | 78.53 |
| Other Current Assets | 16.23M | 5.15M | 18.19M | 11M | 14.74M | 13.73M | 0 | 14.24M | 9.89M | 9.19M | 9.2M | 9.53M | 10.91M | 9.81M | 9.11M | 8.65M | 8.42M | 13.36M | 11.98M | 7.54M |
| Total Non-Current Assets | 319.35M | 334.24M | 341.39M | 354.66M | 362.36M | 335.12M | 305.8M | 297.8M | 242.56M | 174.57M | 179.03M | 195.99M | 216.18M | 229.34M | 270.08M | 309.17M | 340.51M | 334.77M | 357.76M | 314.66M |
| Property, Plant & Equipment | 31.76M | 31.49M | 32.18M | 32.08M | 32.16M | 32.25M | 32.14M | 34.09M | 34.93M | 36.18M | 38.31M | 39M | 39.45M | 41M | 42.64M | 44.15M | 45.35M | 44.12M | 44.1M | 45.07M |
| Fixed Asset Turnover | 2.67x | 2.58x | 2.48x | 2.50x | 2.34x | 2.30x | 2.18x | 2.12x | 1.95x | 1.81x | 1.68x | 1.66x | 1.53x | 1.57x | 1.59x | 1.66x | 1.58x | 1.70x | 1.65x | 1.69x |
| Goodwill | 0 | 0 | 0 | 68.01M | 68.01M | 68.01M | 68.01M | 68.01M | 68.01M | 68.01M | 68.01M | 68.01M | 68.01M | 68.01M | 68.01M | 68.01M | 68.01M | 0 | 0 | 41.14M |
| Intangible Assets | 77.17M | 78.04M | 78.5M | 7.78M | 8.77M | 9.77M | 10.76M | 11.75M | 12.74M | 13.73M | 14.73M | 15.72M | 16.71M | 17.7M | 18.69M | 19.69M | 20.68M | 89.68M | 93.91M | 10.73M |
| Long-Term Investments | 55.8M | 177.64M | 72.01M | 206.15M | 65.64M | 56.39M | 158.4M | 29.52M | 91.56M | 8.1M | 18.85M | 33.13M | 49.9M | 59.38M | 96.19M | 136.06M | 165.38M | 161.21M | 179.45M | 177.93M |
| Other Non-Current Assets | 154.62M | 47.08M | 158.7M | 40.64M | 187.78M | 168.71M | 36.49M | 154.43M | 35.31M | 34.81M | 39.13M | 24.41M | 40.05M | 41.17M | 44.55M | 41.27M | 41.09M | 39.76M | 40.3M | 37.33M |
| Total Assets | 654.58M | 654.39M | 656.45M | 671.16M | 661.5M | 658.54M | 645.69M | 618.68M | 608.18M | 601.54M | 587.21M | 571.92M | 574.2M | 610.94M | 632.09M | 643.59M | 642.02M | 652.18M | 618.08M | 635.37M |
| Asset Turnover | 0.13x | 0.13x | 0.12x | 0.12x | 0.11x | 0.11x | 0.11x | 0.12x | 0.11x | 0.11x | 0.11x | 0.11x | 0.10x | 0.11x | 0.11x | 0.12x | 0.11x | 0.12x | 0.12x | 0.12x |
| Asset Growth % | -1.05% | -0.63% | 1.67% | 8.48% | 8.77% | 9.48% | 9.96% | 8.18% | 5.92% | -1.54% | -7.1% | -11.14% | -10.56% | -6.32% | 2.27% | 1.29% | 2.24% | 4.96% | 2.24% | 1.94% |
| Total Current Liabilities | 196.67M | 196.08M | 198.29M | 193.7M | 178.22M | 184.49M | 183.29M | 168.47M | 167.24M | 165.87M | 154.89M | 155.01M | 149.82M | 160.18M | 161.37M | 164.03M | 157.12M | 162.2M | 151.66M | 165.89M |
| Accounts Payable | 6.64M | 8.16M | 6.5M | 7.23M | 5.63M | 4.1M | 3.65M | 5.58M | 6.55M | 4.08M | 5.7M | 4.3M | 6.07M | 7.85M | 4.83M | 6.46M | 6.77M | 7.44M | 8.15M | 4.31M |
| Days Payables Outstanding | 40.73 | 42.15 | 40.89 | 38.25 | 30.72 | 24.61 | 29.68 | 39.89 | 36.51 | 34.09 | 35.52 | 37.19 | 49.86 | 45.26 | 38.19 | 43.74 | 49.75 | 51.09 | 43.34 | 23.92 |
| Short-Term Debt | 4.75M | 0 | 4.82M | 0 | 5.16M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 123.26M | 128.21M | 121.51M | 0 | 107.53M | 119.73M | 119.33M | 106.3M | 109.92M | 111.68M | 101.89M | 105.01M | 106.11M | 111.31M | 109.85M | 108.24M | 107.12M | 112.19M | 99.61M | 99.92M |
| Other Current Liabilities | 62.03M | 2.1M | 65.47M | 181.41M | 59.91M | 55.69M | 0 | 32.02M | 0 | 45.58M | 0 | 27.45M | 33.21M | 36.39M | 41.88M | 32.38M | 38.68M | 38.12M | 39.21M | 11.33M |
| Current Ratio | 1.70x | 1.63x | 1.59x | 1.63x | 1.68x | 1.75x | 1.85x | 1.90x | 2.19x | 2.57x | 2.64x | 2.43x | 2.39x | 2.38x | 2.24x | 2.05x | 1.92x | 1.96x | 1.72x | 1.93x |
| Quick Ratio | 1.63x | 1.56x | 1.52x | 1.57x | 1.60x | 1.68x | 1.78x | 1.82x | 2.11x | 2.49x | 2.54x | 2.32x | 2.30x | 2.31x | 2.17x | 1.98x | 1.85x | 1.89x | 1.64x | 1.86x |
| Cash Conversion Cycle | 86.36 | 81.8 | 75.32 | 77.95 | 85.71 | 95.91 | 91.05 | 73.93 | 87.5 | 95.76 | 99.81 | 88.27 | 62.65 | 63.7 | 62.4 | 49.22 | 44.61 | 41.86 | 55.75 | 69.42 |
| Total Non-Current Liabilities | 101.82M | 99.18M | 89.94M | 86.78M | 93.57M | 94.31M | 96.32M | 93.13M | 93.75M | 98.69M | 102.96M | 93.63M | 99.39M | 106.39M | 108.81M | 111.11M | 111.22M | 114.45M | 113.66M | 99.49M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 12.6M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 10.14M | 11.22M | 11.55M | 11.97M | 12.6M | 12.75M | 12.5M | 13.52M | 13.66M | 13.92M | 15.28M | 16.02M | 15.96M | 17.21M | 18.36M | 19.46M | 20.25M | 19.77M | 21.21M | 22.36M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 7.65M | 7.61M | 7.6M | 74.81M | 523K | 13.8M | 14.32M | 14.9M | 14.17M | 14.55M | 15.16M | 17.11M | 20.17M | 18.81M | 19.09M | 19.43M | 19.2M | 19.38M | 22.63M | 10.06M |
| Total Liabilities | 298.49M | 295.25M | 288.23M | 280.48M | 271.79M | 278.8M | 279.62M | 261.6M | 260.98M | 264.55M | 257.85M | 248.64M | 249.21M | 266.57M | 270.18M | 275.14M | 268.33M | 276.66M | 265.32M | 265.38M |
| Total Debt | 14.89M | 16.09M | 16.37M | 17.02M | 30.36M | 17.72M | 17.14M | 18.27M | 17.99M | 18.45M | 19.82M | 20.7M | 20.39M | 21.84M | 23.17M | 24.15M | 24.8M | 24.23M | 25.91M | 27.45M |
| Net Debt | -88.04M | -69.11M | -92.45M | -88.06M | -56.92M | -86.12M | -97.1M | -80.44M | -97.42M | -68.35M | -54.81M | -49.83M | -12.03M | -20.8M | -18.71M | -22.04M | -17.67M | -24.97M | -28.57M | -65.06M |
| Debt / Equity | 0.04x | 0.04x | 0.04x | 0.04x | 0.08x | 0.05x | 0.05x | 0.05x | 0.05x | 0.05x | 0.06x | 0.06x | 0.06x | 0.06x | 0.06x | 0.07x | 0.07x | 0.06x | 0.07x | 0.07x |
| Debt / EBITDA | 2.91x | 2.99x | 2.21x | 2.50x | 5.05x | 3.13x | 3.63x | 4.67x | 6.12x | 10.14x | - | - | - | - | - | - | - | 5.04x | 4.26x | 5.00x |
| Net Debt / EBITDA | -17.22x | -12.85x | -12.49x | -12.96x | -9.47x | -15.21x | -20.57x | -20.58x | -33.13x | -37.58x | - | - | - | - | - | - | - | -5.20x | -4.70x | -11.84x |
| Interest Coverage | - | - | - | - | - | - | - | - | - | - | - | -20.14x | - | - | - | - | - | - | - | 8.53x |
| Total Equity | 356.09M | 359.13M | 368.22M | 390.68M | 389.71M | 379.74M | 366.08M | 357.07M | 347.19M | 336.99M | 329.37M | 323.27M | 324.99M | 344.37M | 361.91M | 368.44M | 373.69M | 375.53M | 352.76M | 369.99M |
| Equity Growth % | -8.63% | -5.43% | 0.59% | 9.41% | 12.25% | 12.69% | 11.15% | 10.46% | 6.83% | -2.14% | -8.99% | -12.26% | -13.03% | -8.3% | 2.6% | -0.42% | -3.09% | 0.23% | -4.18% | -4.75% |
| Book Value per Share | 8.18 | 8.22 | 8.28 | 8.66 | 8.67 | 8.53 | 8.28 | 8.17 | 7.97 | 7.81 | 7.89 | 7.73 | 7.69 | 7.93 | 8.22 | 8.26 | 8.37 | 8.19 | 7.49 | 8.04 |
| Total Shareholders' Equity | 314.54M | 317.65M | 326.82M | 349.36M | 348.42M | 338.57M | 325.06M | 316.27M | 306.39M | 296.64M | 289.56M | 284.09M | 286.45M | 306.36M | 324.61M | 332.16M | 338.69M | 340.53M | 352.76M | 369.99M |
| Common Stock | 776K | 775K | 772K | 770K | 759K | 758K | 756K | 754K | 749K | 748K | 744K | 742K | 733K | 733K | 733K | 732K | 731K | 731K | 731K | 730K |
| Retained Earnings | 154M | 151.36M | 149.65M | 146.11M | 140.07M | 134.42M | 130.19M | 125.85M | 123.4M | 120.25M | 118.59M | 119.81M | 125.66M | 132.51M | 138.32M | 141.4M | 145.53M | 148.49M | 145.34M | 141.57M |
| Treasury Stock | -439.41M | -425.72M | -407.6M | -377.56M | -366.59M | -366.59M | -366.59M | -366.59M | -366.59M | -366.59M | -366.59M | -365.75M | -356.97M | -336.95M | -316.47M | -303.3M | -290.58M | -284.35M | -266.82M | -243.02M |
| Accumulated OCI | -1.17M | -252K | -166K | 1.39M | 2.58M | 3.7M | -140K | 1.1M | 593K | -413K | -66K | 77K | -4.17M | -4.68M | -4.72M | -4.84M | -7.06M | -6.38M | -2.64M | -455K |
| Minority Interest | 41.55M | 41.48M | 41.4M | 41.32M | 41.29M | 41.17M | 41.02M | 40.8M | 40.8M | 40.34M | 39.81M | 39.18M | 38.55M | 38.01M | 37.3M | 36.28M | 35M | 35M | 0 | 0 |