Company research
RADWARE LTD
CIK 1094366Updated Sep 24, 2026
SecurityRDWR · NASDAQ · equity
RDWR price & chart
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 671,165,000Source | 618,676,000Source | 571,916,000Source | 643,588,000Source |
| Property, Plant and Equipment, NetUSD | 16,452,000Source | 15,632,000Source | 18,221,000Source | 21,068,000Source |
| GoodwillUSD | 68,008,000Source | 68,008,000Source | 68,008,000Source | 68,008,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 7,782,000Source | 11,750,000Source | 15,718,000Source | 19,686,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 105,078,000Source | 98,714,000Source | 70,538,000Source | 46,185,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 35,023,000Source | 16,823,000Source | 20,267,000Source | 17,752,000Source |
| Inventory, NetUSD | 13,220,000Source | 14,030,000Source | 15,544,000Source | 11,428,000Source |
| Assets, CurrentUSD | 316,507,000Source | 320,876,000Source | 375,928,000Source | 334,420,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 11,004,000Source | 14,242,000Source | 9,529,000Source | 7,196,000Source |
| Operating Lease, Right-of-Use AssetUSD | 15,625,000Source | 18,456,000Source | 20,777,000Source | 23,078,000Source |
| Other Assets, NoncurrentUSD | 40,641,000Source | 37,906,000Source | 37,967,000Source | 41,269,000Source |
| LIABILITIES AND EQUITY | ||||
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 770,000Source | 754,000Source | 742,000Source | 732,000Source |
| Retained Earnings (Accumulated Deficit)USD | 146,107,000Source | 125,850,000Source | 119,812,000Source | 141,402,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 1,393,000Source | 1,103,000Source | 77,000Source | -4,844,000Source |
| Stockholders' Equity Attributable to ParentUSD | 349,361,000Source | 316,273,000Source | 284,091,000Source | 332,159,000Source |
| Additional Paid in Capital, Common StockUSD | 578,652,000Source | 555,154,000Source | 529,209,000Source | 498,168,000Source |
| Liabilities and EquityUSD | 671,165,000Source | 618,676,000Source | 571,916,000Source | 643,588,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 194,283,000Source | 168,470,000Source | 155,015,000Source | 164,035,000Source |
| Operating Lease, Liability, CurrentUSD | 5,051,000Source | 4,750,000Source | 4,684,000Source | 4,685,000Source |
| Accounts Payable, CurrentUSD | 7,234,000Source | 5,581,000Source | 4,298,000Source | 6,464,000Source |
| Operating Lease, Liability, NoncurrentUSD | 11,970,000Source | 13,519,000Source | 16,020,000Source | 19,461,000Source |
| Other Liabilities, NoncurrentUSD | 8,464,000Source | 14,904,000Source | 17,108,000Source | 19,430,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 41,323,000Source | 40,802,000Source | 39,183,000Source | 36,284,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 33,160,000Source | 19,813,000Source | 13,573,000Source | 12,263,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 11,684,000Source | 11,836,000Source | 12,244,000Source | 11,692,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 24,035,000Source | 26,027,000Source | 34,022,000Source | 27,353,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 18,200,000Source | -3,444,000Source | 2,515,000Source | 4,561,000Source |
| Increase (Decrease) in InventoriesUSD | -810,000Source | -1,514,000Source | 4,116,000Source | -152,000Source |
| Increase (Decrease) in Accounts PayableUSD | 1,653,000Source | 1,283,000Source | -2,166,000Source | 2,154,000Source |
| Deferred Income Tax Expense (Benefit)USD | 5,000Source | 439,000Source | 582,000Source | -1,986,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 50,091,000Source | 71,609,000Source | -3,500,000Source | 32,148,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | 0Source | 0Source | 30,000,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -30,070,000Source | -39,520,000Source | 92,779,000Source | -56,018,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | -58,000Source | -81,000Source | -66,000Source | -35,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 8,536,000Source | 5,279,000Source | 5,429,000Source | 8,814,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 10,490,000Source | 839,000Source | 63,234,000Source | 59,492,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -13,657,000Source | -3,913,000Source | -64,926,000Source | -22,458,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 105,078,000Source | 98,714,000Source | 70,538,000Source | 46,185,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Income Taxes Paid, NetUSD | 2,218,000Source | — | — | — |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 24,035,000Source | 24,408,000Source | 31,150,000Source | 26,096,000Source |
| Amortization of Intangible AssetsUSD | 3,968,000Source | 3,968,000Source | 3,968,000Source | 3,706,000Source |
| Deferred Other Tax Expense (Benefit)USD | — | — | — | 1,698,000Source |
| DepreciationUSD | 7,716,000Source | 7,868,000Source | 8,276,000Source | 7,986,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -3,236,000Source | -1,237,000Source | 203,000Source | 1,300,000Source |
| General and Administrative ExpenseUSD | 25,536,000Source | 28,342,000Source | 32,408,000Source | 29,786,000Source |
| GoodwillUSD | 68,008,000Source | 68,008,000Source | 68,008,000Source | 68,008,000Source |
| Income Tax Expense (Benefit)USD | 9,050,000Source | 6,627,000Source | 3,837,000Source | 4,879,000Source |
| Inventory Write-downUSD | 553,000Source | 952,000Source | 1,506,000Source | 397,000Source |
| Net Income (Loss) Attributable to ParentUSD | 20,257,000Source | 6,038,000Source | -21,590,000Source | -166,000Source |
| Operating Costs and ExpensesUSD | 11,804,000Source | 8,085,000Source | 7,707,000Source | — |
| Operating ExpensesUSD | 232,103,000Source | 225,515,000Source | 241,262,000Source | 242,881,000Source |
| Other Nonoperating Income (Expense)USD | 17,899,000Source | 16,552,000Source | 13,927,000Source | 8,052,000Source |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-saleUSD | 73,224,000Source | 124,968,000Source | 46,177,000Source | 34,589,000Source |
| Proceeds from Stock Options ExercisedUSD | 0Source | 3,000Source | 371,000Source | 2,034,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 301,850,000Source | 274,880,000Source | 261,292,000Source | 293,426,000Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Operating Income (Loss)USD | 11,408,000Source | -3,887,000Source | -31,680,000Source | -3,339,000Source |
| Other Nonoperating Income (Expense)USD | 17,899,000Source | 16,552,000Source | 13,927,000Source | 8,052,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 29,307,000Source | 12,665,000Source | -17,753,000Source | 4,713,000Source |
| Income Tax Expense (Benefit)USD | 9,050,000Source | 6,627,000Source | 3,837,000Source | 4,879,000Source |
| Net Income (Loss) Attributable to ParentUSD | 20,257,000Source | 6,038,000Source | -21,590,000Source | -166,000Source |
| Earnings Per Share, BasicUSD per share | 0.47Source | 0.14Source | -0.5Source | 0Source |
| Earnings Per Share, DilutedUSD per share | 0.45Source | 0.14Source | -0.5Source | 0Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 42,879,056Source | 41,982,851Source | 42,871,770Source | 44,943,168Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 44,698,538Source | 43,362,906Source | 42,871,770Source | 44,943,168Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 3,968,000Source | 3,968,000Source | 3,968,000Source | 3,706,000Source |
| Current Income Tax Expense (Benefit)USD | 9,045,000Source | 6,188,000Source | 3,255,000Source | 6,865,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -3,236,000Source | -1,237,000Source | 203,000Source | 1,300,000Source |
| General and Administrative ExpenseUSD | 25,536,000Source | 28,342,000Source | 32,408,000Source | 29,786,000Source |
| Gross ProfitUSD | 243,511,000Source | 221,628,000Source | 209,582,000Source | 239,542,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | 655,000Source | 10,656,000Source | -33,444,000Source | -1,105,000Source |
| Operating Costs and ExpensesUSD | 11,804,000Source | 8,085,000Source | 7,707,000Source | — |
| Operating ExpensesUSD | 232,103,000Source | 225,515,000Source | 241,262,000Source | 242,881,000Source |
| Other Operating IncomeUSD | 5,303,000Source | 5,730,000Source | 3,298,000Source | — |
| Research and Development ExpenseUSD | 78,981,000Source | 74,723,000Source | 82,617,000Source | 86,562,000Source |
| Selling and Marketing ExpenseUSD | 127,586,000Source | 122,450,000Source | 126,237,000Source | 126,533,000Source |