Radware Ltd. (RDWR)

Radware Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	301.85	274.88	261.29	293.43	286.5
Revenue Growth (YoY)	9.81%	5.20%	-10.95%	2.42%	14.59%
Cost of Revenue	58.34	53.25	51.71	53.88	52.45
Gross Profit	243.51	221.63	209.58	239.54	234.05
Selling, General & Admin	153.12	150.79	158.65	156.32	141.73
Research & Development	78.98	74.72	82.62	86.56	74.1
Total Operating Expenses	232.1	225.52	241.26	242.88	215.83
Operating Income	11.41	-3.89	-31.68	-3.34	18.23
Total Non-Operating Income (Expense)	17.9	16.55	13.93	8.05	4.41
Pretax Income	29.31	12.67	-17.75	4.71	22.63
Provision for Income Taxes	9.05	6.63	3.84	4.88	14.82
Net Income	20.26	6.04	-21.59	-0.17	7.81
Net Income to Common	20.26	6.04	-21.59	-0.17	7.81
Net Income Growth	235.49%	-	-	-	-18.94%
Shares Outstanding (Basic)	43	42	43	45	46
Shares Outstanding (Diluted)	45	43	43	45	48
Shares Change (YoY)	3.08%	1.15%	-4.61%	-5.39%	-0.50%
EPS (Basic)	0.47	0.14	-0.50	-	0.17
EPS (Diluted)	0.45	0.14	-0.50	-	0.16
EPS Growth	221.43%	-	-	-	-20.00%
Shares Outstanding	43.15	42.55	41.7	44.31	45.87
Free Cash Flow	41.56	66.33	-8.93	23.33	66.17
Free Cash Flow Growth	-37.35%	-	-	-64.74%	19.89%
Free Cash Flow Per Share	0.93	1.53	-0.21	0.52	1.39
Gross Margin	80.67%	80.63%	80.21%	81.64%	81.69%
Operating Margin	3.78%	-1.41%	-12.12%	-1.14%	6.36%
Profit Margin	6.71%	2.20%	-8.26%	-0.06%	2.73%
FCF Margin	13.77%	24.13%	-3.42%	7.95%	23.10%
EBITDA	23.09	7.95	-19.44	8.35	28.42
EBITDA Margin	7.65%	2.89%	-7.44%	2.85%	9.92%
EBIT	11.41	-3.89	-31.68	-3.34	18.23
EBIT Margin	3.78%	-1.41%	-12.12%	-1.14%	6.36%
Effective Tax Rate	30.88%	52.33%	-21.61%	103.52%	65.49%

Updated Feb 11, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q