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 Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 |
Net Income | 13.93 | 20.26 | 6.04 | -21.59 | -0.17 | 7.81 |
Depreciation & Amortization | 12.12 | 11.68 | 11.84 | 12.24 | 11.69 | 8.34 |
Other Amortization | - | - | - | - | - | 1.86 |
Loss (Gain) From Sale of Investments | 0.24 | 0 | -0.42 | 2 | 2.28 | 2.28 |
Stock-Based Compensation | 29.27 | 24.04 | 26.03 | 34.02 | 27.35 | 17.57 |
Other Operating Activities | -0.39 | - | - | - | - | - |
Change in Accounts Receivable | -11.07 | -18.2 | 3.44 | -2.52 | -4.56 | 3.66 |
Change in Inventory | -0.66 | 0.81 | 1.51 | -4.12 | 0.15 | 2.36 |
Change in Accounts Payable | 0.92 | 1.65 | 1.28 | -2.17 | 2.15 | 0.43 |
Change in Unearned Revenue | 32.06 | 6.81 | 5.5 | -14.95 | 13.48 | 20.06 |
Change in Other Net Operating Assets | -15.27 | 3.78 | 17.47 | -5.87 | -18.24 | 10.87 |
Operating Cash Flow | 59.74 | 50.09 | 71.61 | -3.5 | 32.15 | 71.77 |
Operating Cash Flow Growth | 31.27% | -30.05% | - | - | -55.21% | 12.38% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 |
Capital Expenditures | -10.64 | -8.54 | -5.28 | -5.43 | -8.81 | -5.6 |
Cash Acquisitions | -5.94 | - | - | - | -30 | - |
Investment in Securities | 49.27 | -21.59 | -34.32 | 98.14 | -17.24 | 13.4 |
Other Investing Activities | 1.57 | 0.06 | 0.08 | 0.07 | 0.04 | 0.05 |
Investing Cash Flow | 34.26 | -30.07 | -39.52 | 92.78 | -56.02 | 7.85 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 |
Issuance of Common Stock | - | - | 0 | 0.37 | 2.03 | 10.59 |
Repurchase of Common Stock | -72.34 | -10.49 | -0.84 | -63.23 | -59.49 | -52.47 |
Other Financing Activities | -3.41 | -3.17 | -3.08 | -2.06 | 35 | - |
Financing Cash Flow | -75.74 | -13.66 | -3.91 | -64.93 | -22.46 | -41.88 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 |
Net Cash Flow | 18.26 | 6.36 | 28.18 | 24.35 | -46.33 | 37.74 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 |
Free Cash Flow | 49.1 | 41.56 | 66.33 | -8.93 | 23.33 | 66.17 |
Free Cash Flow Growth | 26.57% | -37.35% | - | - | -64.74% | 19.89% |
Free Cash Flow Margin | 15.02% | 13.77% | 24.13% | -3.42% | 7.95% | 23.10% |
Free Cash Flow Per Share | 1.11 | 0.93 | 1.53 | -0.21 | 0.52 | 1.39 |
Levered Free Cash Flow | 40.16 | 45.52 | 43.35 | 3.05 | 23.14 | 60.32 |
Unlevered Free Cash Flow | 40.16 | 45.52 | 43.35 | 3.05 | 23.14 | 60.32 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 Income Tax Paid | 2.22 | 2.22 | 0.92 | 4 | 18.07 | 2.75 |
Change in Working Capital | 5.25 | -5.89 | 28.13 | -30.17 | -9.01 | 33.91 |