Radware Ltd. (RDWR)

Radware Cash Flow 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
Net Income	20.26	6.04	-21.59	-0.17	7.81
Depreciation & Amortization	11.68	11.84	12.24	11.69	10.2
Stock-Based Compensation	24.04	26.03	34.02	27.35	17.57
Other Adjustments	-3.56	6.02	1.82	4.06	7.24
Change in Receivables	-18.2	3.44	-2.52	-4.56	3.66
Changes in Inventories	0.81	1.51	-4.12	0.15	2.36
Changes in Accounts Payable	1.65	1.28	-2.17	2.15	0.43
Changes in Accrued Expenses	13.5	13.27	-1.42	-14.05	12.24
Changes in Unearned Revenue	6.81	5.5	-14.95	13.48	20.06
Changes in Other Operating Activities	-6.89	-3.33	-4.83	-7.96	-9.79
Operating Cash Flow	50.09	71.61	-3.5	32.15	71.77
Operating Cash Flow Growth	-30.05%	-	-	-55.21%	12.38%
Capital Expenditures	-8.54	-5.28	-5.43	-8.81	-5.6
Purchases of Investments	-65.43	-110.13	-33.27	-49.22	-88.3
Proceeds from Sale of Investments	80.87	128.92	50.39	45.36	77.26
Payments for Business Acquisitions	-	-	-	-30	-
Other Investing Activities	-36.98	-53.03	81.1	-13.34	24.5
Investing Cash Flow	-30.07	-39.52	92.78	-56.02	7.85
Issuance of Common Stock	-	0	0.37	2.03	10.59
Repurchase of Common Stock	-10.49	-0.84	-63.23	-59.49	-52.47
Net Common Stock Issued (Repurchased)	-10.49	-0.84	-62.86	-57.46	-41.88
Other Financing Activities	-3.17	-3.08	-2.06	35	-
Financing Cash Flow	-13.66	-3.91	-64.93	-22.46	-41.88
Net Cash Flow	6.36	28.18	24.35	-46.33	37.74
Free Cash Flow	41.56	66.33	-8.93	23.33	66.17
Free Cash Flow Growth	-37.35%	-	-	-64.74%	19.89%
FCF Margin	13.77%	24.13%	-3.42%	7.95%	23.10%
Free Cash Flow Per Share	0.93	1.53	-0.21	0.52	1.39
Levered Free Cash Flow	39.28	30.84	-42.25	-3.52	37.7
Unlevered Free Cash Flow	26.91	22.94	-59.19	-3.24	36.18

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

SEC Filings: 10-K · 10-Q