Radware Ltd. (RDWR) Revenue History
Annual and quarterly revenue from 1998 to present
RDWR Revenue Over Time (1998–2025)
RDWR Revenue Growth History
23 of 27 years with positive growth- FY1998 revenue growth
- N/A
- FY1999 revenue growth
- +188.6%
- FY2000 revenue growth
- +171.2%
- FY2001 revenue growth
- +13.0%
- FY2002 revenue growth
- +0.8%
- FY2003 revenue growth
- +25.5%
- FY2004 revenue growth
- +24.9%
- FY2005 revenue growth
- +13.4%
- FY2006 revenue growth
- +4.9%
- FY2007 revenue growth
- +8.9%
- FY2008 revenue growth
- +6.7%
- FY2009 revenue growth
- +15.1%
- FY2010 revenue growth
- +32.3%
- FY2011 revenue growth
- +15.9%
- FY2012 revenue growth
- +13.3%
- FY2013 revenue growth
- +2.0%
- FY2014 revenue growth
- +15.0%
- FY2015 revenue growth
- -2.4%
- FY2016 revenue growth
- -9.2%
- FY2017 revenue growth
- +7.5%
- FY2018 revenue growth
- +10.9%
- FY2019 revenue growth
- +7.5%
- FY2020 revenue growth
- -0.8%
- FY2021 revenue growth
- +14.6%
- FY2022 revenue growth
- +2.4%
- FY2023 revenue growth
- -11.0%
- FY2024 revenue growth
- +5.2%
- FY2025 revenue growth
- +9.8%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $79.8M | +10.7% |
| Q4 2025 | $80.2M | +9.9% |
| Q3 2025 | $75.3M | +8.4% |
| Q2 2025 | $74.2M | +10.3% |
| Q1 2025 | $72.1M | +10.7% |
| Q4 2024 | $73.0M | +12.3% |
| Q3 2024 | $69.5M | +12.8% |
| Q2 2024 | $67.3M | +2.5% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
RDWR's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
RDWR Revenue Analysis (1998–2025)
Current Revenue & Growth
As of June 24, 2026, Radware Ltd. (RDWR) generated trailing twelve-month (TTM) revenue of $309.6 million, reflecting strong growth of +10.7% year-over-year. The most recent quarter (Q1 2026) recorded $79.8 million in revenue, down 0.5% sequentially.
Historical Growth Trajectory
RDWR's 5-year compound annual growth rate (CAGR) stands at +3.8%, indicating moderate growth over time. The 3-year CAGR of +0.9% is below the 5-year average, signalling a growth deceleration in recent years. Radware Ltd.'s highest annual revenue of $301.9 million was recorded in 2025, an all-time high.
Revenue by Segment
RDWR's revenue is primarily driven by Products (63%), and Services (37%). With over half of revenue concentrated in Products, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Technology sector peers — including FFIV (+9.7% YoY), NTCT (+4.5% YoY), and QLYS (+10.2% YoY) — RDWR has underperformed the peer group in revenue growth. Compare RDWR vs FFIV →
RDWR Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| RDWRCurrent | $310M | +10.7% | +3.8% | 3.8% | |
 FFIV | $3.1B | +9.7% | +5.6% | 24.8% | |
 NTCT | $859M | +4.5% | +0.7% | 13.0% | |
 QLYS | $669M | +10.2% | +13.0% | 33.2% | |
 PANW | $9.2B | +19.5% | +22.0% | 13.5% | |
 FTNT | $6.8B | +15.7% | +21.3% | 30.6% |
RDWR Historical Revenue Data (1998–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $301.9M | +9.8% | $243.5M | 80.7% | $11.4M | 3.8% |
| 2024 | $274.9M | +5.2% | $221.6M | 80.6% | $-3,887,000 | -1.4% |
| 2023 | $261.3M | -11.0% | $209.6M | 80.2% | $-31,680,000 | -12.1% |
| 2022 | $293.4M | +2.4% | $239.5M | 81.6% | $-3,339,000 | -1.1% |
| 2021 | $286.5M | +14.6% | $234.1M | 81.7% | $18.2M | 6.4% |
| 2020 | $250.0M | -0.8% | $204.9M | 82.0% | $6.2M | 2.5% |
| 2019 | $252.1M | +7.5% | $206.9M | 82.1% | $16.9M | 6.7% |
| 2018 | $234.4M | +10.9% | $192.7M | 82.2% | $7.5M | 3.2% |
| 2017 | $211.4M | +7.5% | $171.8M | 81.3% | $-6,671,000 | -3.2% |
| 2016 | $196.6M | -9.2% | $160.9M | 81.8% | $-12,749,000 | -6.5% |
| 2015 | $216.6M | -2.4% | $178.4M | 82.4% | $18.0M | 8.3% |
| 2014 | $221.9M | +15.0% | $182.2M | 82.1% | $25.1M | 11.3% |
| 2013 | $193.0M | +2.0% | $156.3M | 81.0% | $17.6M | 9.1% |
| 2012 | $189.2M | +13.3% | $153.5M | 81.1% | $30.9M | 16.3% |
| 2011 | $167.0M | +15.9% | $133.7M | 80.0% | $18.4M | 11.0% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
28+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
RDWR — Frequently Asked Questions
Quick answers to the most common questions about buying RDWR stock.
Is RDWR's revenue growth accelerating or slowing?
RDWR revenue growth is holding steady at +10.7% year-over-year. TTM revenue is $310M. The current growth rate closely tracks the 5-year CAGR of +3.8%, signalling consistent execution.
What is RDWR's revenue history from 1998 to 2026?
Radware Ltd. (RDWR) revenue history spans 1998 to 2026. TTM revenue as of 2026 is $310M, growing at +10.7% YoY. The 5-year CAGR is +3.8%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is RDWR's long-term revenue growth rate (CAGR)?
Radware Ltd.'s 5-year revenue CAGR of +3.8% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +10.7% is in line with this long-term average. CAGR is the most reliable measure of sustained revenue momentum for RDWR.
Why does RDWR's quarterly revenue fluctuate?
RDWR quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Radware Ltd.'s revenue data from 1998 to 2026 shows full historical quarterly detail on this page.
How is RDWR's revenue distributed by segment?
RDWR reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does RDWR's revenue compare to industry peers?
Radware Ltd. (RDWR) with TTM revenue of $310M and +10.7% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.