Radware Ltd. (RDWR)
NASDAQ: RDWR · Real-Time Price · USD
33.60
+0.96 (2.94%)
Nov 3, 2026, 4:00 PM EST - Market closed

Radware Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
326.9301.85274.88261.29293.43286.5
Revenue Growth
10.95%9.81%5.20%-10.95%2.42%14.59%
Gross Profit
262.67243.51221.63209.58239.54234.05
Operating Income
5.3611.17-4.59-31.68-3.3418.23
Net Income
13.9320.266.04-21.59-0.177.81
Earnings Per Share
0.320.450.14-0.50-0.000.16
EPS Growth
-16.49%221.43%----20.00%

Revenue by Segment

Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingDec '25 Dec '24 Dec '23 Dec '22 Dec '21
Radware Core
301.22274.38260.32290.41283.91
Hawks
0.630.50.973.022.58
Total
301.85274.88261.29293.43286.5

Cash & Debt

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
320.16328.66305.3363.72388.19386.11
Total Debt
14.8917.0218.2720.724.1527.45
Net Cash (Debt)
305.27311.64287.04343.02364.05358.66
Net Cash Growth
5.64%8.57%-16.32%-5.78%1.50%3.28%
Net Cash Per Share
6.916.976.628.008.107.55

Cash Flow & CapEx

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
59.7450.0971.61-3.532.1571.77
Capital Expenditures
-10.64-8.54-5.28-5.43-8.81-5.6
Free Cash Flow
49.141.5666.33-8.9323.3366.17
Free Cash Flow Growth
26.57%-37.35%---64.74%19.89%

Margins

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
80.35%80.67%80.63%80.21%81.64%81.69%
Operating Margin
1.64%3.70%-1.67%-12.12%-1.14%6.36%
Pretax Margin
6.94%9.71%4.61%-6.79%1.61%7.90%
Profit Margin
4.26%6.71%2.20%-8.26%-0.06%2.73%
FCF Margin
15.02%13.77%24.13%-3.42%7.95%23.10%

Valuation

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingNov '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
105.8351.65156.70--245.22
Forward PE
24.7720.8824.6528.3025.2147.05
P/FCF Ratio
28.8025.1814.26-37.9528.95
PS Ratio
4.333.473.442.683.026.69