Radware Ltd. (RDWR) quarterly cash flow statement — complete operating, investing & financing history
Radware Ltd. (RDWR) cash flow statement — 28-year operating, investing & financing cash flows
| 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 |
|---|
| Cash from Operations | 13.05M | 11.14M | 17.64M | 17.33M | -2.86M | 14.67M | 22.44M | 12.75M | 14.71M | 23.03M | 21.12M | 2.65M | -9.78M | 4.87M | -1.24M | 9.56M | 1.52M | 31.52M | -10.45M | 28.93M |
| Operating CF Margin % | 15.46% | 13.54% | 22.1% | 21.6% | -3.79% | 19.77% | 31.14% | 17.46% | 21.17% | 34.23% | 32.45% | 4.08% | -15.88% | 7.42% | -1.79% | 12.9% | 2.15% | 41.97% | -14.18% | 37.75% |
| Operating CF Growth % | 556.67% | -24.08% | -21.4% | 35.94% | -119.42% | -36.3% | 6.25% | 380.55% | 250.34% | 373.28% | 1808.9% | -72.25% | -745.32% | -84.56% | 88.17% | -66.96% | -91.52% | 258.68% | -164.64% | 79.96% |
| Net Income | 4.51M | 3.88M | 6.12M | 6.04M | 5.65M | 4.22M | 4.34M | 2.45M | 3.14M | 1.66M | -1.22M | -5.85M | -6.85M | -5.81M | -3.08M | -4.12M | -2.96M | 3.15M | 3.77M | -5.59M |
| Depreciation & Amortization | 2.95M | 2.91M | 2.59M | 2.85M | 2.81M | 2.87M | 3.15M | 2.92M | 2.95M | 3.03M | 2.94M | 3.03M | 3.02M | 3.11M | 3.08M | 2.88M | 3.1M | 3.23M | 2.49M | 2.48M |
| Stock-Based Compensation | 0 | 7.33M | 5.51M | 7.1M | 0 | 0 | 5.9M | 6.92M | 6.06M | 6.3M | 6.75M | 8.87M | 7.26M | 8.89M | 9M | 9.66M | 7.63M | 5.65M | 4.42M | 5.37M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -531.66K | 0 | 0 | 0 | -1.99M | 0 | 0 | 0 | 803K |
| Other Non-Cash Items | 6.04M | -1.79M | -2.26M | -7.63M | 5.45M | 3.29M | -1.95M | 3.18M | -1.12M | 5.71M | -82K | 945.66K | 161K | 717K | -1.27M | 1.32M | 189K | 836K | 562K | 1M |
| Working Capital Changes | -449.88K | -1.19M | 5.68M | 8.97M | -16.77M | 4.29M | 11M | -2.72M | 3.68M | 6.33M | 12.74M | -3.81M | -13.38M | -2.05M | -8.96M | 1.81M | -6.44M | 18.66M | -21.69M | 24.86M |
| Change in Receivables | -1.07M | -11.72M | -407K | -1.38M | -7.7M | 2.14M | -8.4M | 3.14M | 5.49M | -4.97M | 386K | -7.64M | 4.45M | 1.94M | -1M | -4.4M | -1.51M | 7.2M | -5.85M | 4.52M |
| Change in Inventory | -317.58K | -525K | 90K | 106K | 14.67K | 202.46K | 519K | -479.39K | 253K | 729.67K | 1M | -2.45M | -671K | -1.04M | 149K | -574K | 549K | -148K | 325K | 823K |
| Change in Payables | -1.54M | 1.66M | -732K | 1.6M | 1.54M | 442.84K | -1.94M | -961.39K | 2.46M | -1.63M | 1.41M | -1.71M | -1.78M | 3.02M | -1.64M | 1.3M | -670K | -713K | 3.84M | 811K |
| Cash from Investing | 18.93M | -14.18M | 18.53M | 10.96M | -14.12M | -21.86M | -6.92M | -29.45M | 13.91M | -7.78M | -16.2M | 47.57M | 20.21M | 15.55M | 9.46M | 5.63M | -2.34M | -53.99M | -5.31M | 14.99M |
| Capital Expenditures | -3M | -2.02M | -2.65M | -2.88M | -2.12M | -2.68M | -1.11M | -1.06M | -1.41M | -991.94K | -1.77M | -887.14K | -1.13M | -1.59M | -1.77M | -1.77M | -2.55M | -2.33M | -2.16M | -1.65M |
| CapEx % of Revenue | 3.56% | 2.46% | 3.32% | 3.59% | 2.82% | 3.61% | 1.54% | 1.45% | 2.03% | 1.47% | 2.73% | 1.36% | 1.83% | 2.43% | 2.56% | 2.39% | 3.61% | 3.11% | 2.94% | 2.16% |
| Acquisitions | 130.97K | 0 | -5.94M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2M | -2.06M | 0 | 0 | -30M | 0 | 0 | -30M | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 2.96M | 267K | 27.12M | 13.84M | 195.22K | 5.54K | 109K | 80.85M | 46K | -196.48K | -25K | -30.29M | 29K | 456.08K | 47K | 31M | 69K | 92K | 26.85M | 7K |
| Cash from Financing | -12.6M | -22.17M | -29.39M | -10.49M | -128.19K | -3.19M | 4K | -14.78K | -16.88K | -3.07M | -839K | -12.1M | -20.65M | -19.65M | -12.52M | -11.47M | -5.9M | 17.18M | -22.26M | -14.62M |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | -12.68M | -18.77M | -29.39M | -10.49M | 1.09K | -3K | 1K | -3.16K | -3.6K | 9.85K | -839K | -10.1M | -20.65M | -19.74M | -12.74M | -12.3M | -6.3M | 16.94M | -22.83M | -17.45M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -12.68M | -18.77M | -29.39M | -10.49M | 0 | 0 | 0 | -3.17K | -3.62K | 6.88K | -839K | -10.1M | -20.65M | -19.74M | -12.74M | -12.3M | -6.3M | -18.06M | -22.83M | -17.45M |
| Other Financing | 75.1K | -3.4M | 0 | -2K | -129.28K | -3.18M | 3K | -11.62K | -13.27K | -3.08M | 0 | -2M | 0 | 88K | 220K | 832K | 401K | 239K | 562K | 2.83M |
| Net Change in Cash | 17.73M | -25.22M | 3.73M | 17.8M | -16.56M | -10.4M | 15.53M | -16.7M | 28.61M | 12.18M | 4.09M | 38.12M | -10.22M | 762K | -4.3M | 3.72M | -6.73M | -5.28M | -38.03M | 29.31M |
| Free Cash Flow | 10.06M | 9.11M | 14.99M | 14.45M | -4.98M | 11.99M | 21.33M | 11.69M | 13.3M | 22M | 19.35M | 1.72M | -10.91M | 3.27M | -3M | 7.79M | -1.03M | 29.19M | -12.62M | 27.28M |
| FCF Margin % | 11.93% | 11.08% | 18.78% | 18.01% | -6.61% | 16.16% | 29.59% | 16.01% | 19.13% | 32.7% | 29.73% | 2.64% | -17.71% | 4.99% | -4.35% | 10.52% | -1.46% | 38.86% | -17.12% | 35.6% |
| FCF Growth % | 302.09% | -24.01% | -29.74% | 23.61% | -137.45% | -45.48% | 10.24% | 580.84% | 221.84% | 572.45% | 744.07% | -77.96% | -956.44% | -88.79% | 76.19% | -71.44% | -106.29% | 282.58% | -185.03% | 94.41% |
| FCF per Share | 0.23 | 0.21 | 0.34 | 0.32 | -0.11 | 0.27 | 0.48 | 0.27 | 0.31 | 0.51 | 0.46 | 0.04 | -0.26 | 0.08 | -0.07 | 0.17 | -0.02 | 0.64 | -0.27 | 0.59 |
| FCF Conversion (FCF/Net Income) | 4.95x | 6.50x | 4.98x | 2.87x | -0.51x | 3.47x | 5.17x | 5.20x | 4.68x | 13.84x | -17.28x | -0.45x | 1.43x | -0.84x | 0.40x | -2.32x | -0.51x | 10.00x | -2.77x | -5.18x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |