Radware Ltd. (RDWR)

Radware Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	288.81	274.88	261.29	293.43	286.5	250.03
Revenue Growth (YoY)	11.51%	5.20%	-10.95%	2.42%	14.59%	-0.81%
Cost of Revenue	55.69	53.25	51.71	53.88	52.45	45.08
Gross Profit	233.12	221.63	209.58	239.54	234.05	204.94
Selling, General & Admin	153.31	151.49	159.77	156.32	141.73	131.94
Research & Development	75.28	74.72	82.62	86.56	74.1	66.84
Operating Expenses	228.59	226.22	242.39	242.88	215.83	198.78
Operating Income	4.53	-4.59	-32.81	-3.34	18.23	6.17
Interest & Investment Income	15.97	13.12	11.38	5.14	4.13	5.92
Currency Exchange Gain (Loss)	-3.58	-1.24	0.2	1.3	-1.82	-2.27
Other Non Operating Income (Expenses)	-0.24	-0.24	-0.2	-0.21	-0.2	-0.19
EBT Excluding Unusual Items	16.69	7.06	-21.43	2.89	20.34	9.63
Gain (Loss) on Sale of Investments	4.9	4.9	2.54	1.82	2.29	4.34
Other Unusual Items	0.7	0.7	1.13	-	-	-
Pretax Income	22.42	12.67	-17.75	4.71	22.63	13.96
Income Tax Expense	8.25	6.63	3.84	4.88	14.82	4.33
Net Income	14.16	6.04	-21.59	-0.17	7.81	9.64
Net Income to Common	14.16	6.04	-21.59	-0.17	7.81	9.64
Net Income Growth	-	-	-	-	-18.94%	-57.30%
Shares Outstanding (Basic)	42	42	43	45	46	46
Shares Outstanding (Diluted)	44	43	43	45	48	48
Shares Change (YoY)	5.08%	1.15%	-4.61%	-5.39%	-0.50%	-1.62%
EPS (Basic)	0.33	0.14	-0.50	-0.00	0.17	0.21
EPS (Diluted)	0.32	0.14	-0.50	-0.00	0.16	0.20
EPS Growth	-	-	-	-	-20.00%	-57.45%
Free Cash Flow	58.15	66.33	-8.93	23.33	66.17	55.19
Free Cash Flow Per Share	1.32	1.53	-0.21	0.52	1.39	1.16
Gross Margin	80.72%	80.63%	80.21%	81.64%	81.69%	81.97%
Operating Margin	1.57%	-1.67%	-12.56%	-1.14%	6.36%	2.47%
Profit Margin	4.90%	2.20%	-8.26%	-0.06%	2.73%	3.85%
Free Cash Flow Margin	20.13%	24.13%	-3.42%	7.95%	23.10%	22.07%
EBITDA	16.41	7.25	-20.56	8.35	26.56	16.73
EBITDA Margin	5.68%	2.64%	-7.87%	2.85%	9.27%	6.69%
D&A For EBITDA	11.88	11.84	12.24	11.69	8.34	10.56
EBIT	4.53	-4.59	-32.81	-3.34	18.23	6.17
EBIT Margin	1.57%	-1.67%	-12.56%	-1.14%	6.36%	2.47%
Effective Tax Rate	36.82%	52.33%	-	103.52%	65.49%	30.99%
Revenue as Reported	274.88	274.88	261.29	293.43	286.5	250.03

Updated Jul 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q