Radware Ltd. (RDWR)

NASDAQ: RDWR · Real-Time Price · USD

27.93

-0.95 (-3.29%)

At close: Sep 1, 2026, 4:00 PM EDT

28.33

+0.40 (1.43%)

After-hours: Sep 1, 2026, 4:36 PM EDT

Radware Financials Overview

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

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	317.81	301.85	274.88	261.29	293.43	286.5
Revenue Growth	10.04%	9.81%	5.20%	-10.95%	2.42%	14.59%
Gross Profit	256.01	243.51	221.63	209.58	239.54	234.05
Operating Income	9.11	11.17	-4.59	-31.68	-3.34	18.23
Net Income	16.95	20.26	6.04	-21.59	-0.17	7.81
Earnings Per Share	0.38	0.45	0.14	-0.50	-0.00	0.16
EPS Growth	19.89%	221.43%	-	-	-	-20.00%

Revenue by Segment

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Radware Core	301.22	274.38	260.32	290.41	283.91
Hawks	0.63	0.5	0.97	3.02	2.58
Total	301.85	274.88	261.29	293.43	286.5

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	307.44	328.66	305.3	363.72	388.19	386.11
Total Debt	16.09	17.02	18.27	20.7	24.15	27.45
Net Cash (Debt)	291.36	311.64	287.04	343.02	364.05	358.66
Net Cash Growth	-6.67%	8.57%	-16.32%	-5.78%	1.50%	3.28%
Net Cash Per Share	6.54	6.97	6.62	8.00	8.10	7.55

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	41.94	50.09	71.61	-3.5	32.15	71.77
Capital Expenditures	-9.44	-8.54	-5.28	-5.43	-8.81	-5.6
Free Cash Flow	32.49	41.56	66.33	-8.93	23.33	66.17
Free Cash Flow Growth	-44.12%	-37.35%	-	-	-64.74%	19.89%

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	80.55%	80.67%	80.63%	80.21%	81.64%	81.69%
Operating Margin	2.87%	3.70%	-1.67%	-12.12%	-1.14%	6.36%
Pretax Margin	8.27%	9.71%	4.61%	-6.79%	1.61%	7.90%
Profit Margin	5.33%	6.71%	2.20%	-8.26%	-0.06%	2.73%
FCF Margin	10.22%	13.77%	24.13%	-3.42%	7.95%	23.10%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 2, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	72.92	51.65	156.70	-	-	245.22
Forward PE	21.94	20.88	24.65	28.30	25.21	47.05
P/FCF Ratio	36.12	25.18	14.26	-	37.95	28.95
PS Ratio	3.69	3.47	3.44	2.68	3.02	6.69