Skip to content
ESPT
MARKETS / NASDAQ / Industrials / Business services / RDWR
NASDAQ · SERVICES-BUSINESS SERVICES, NEC · LARGE CAP

Radware Ltd. RDWR

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$301.9M
▲ 9.8% YoY
$20.3M
▲ 235.5% YoY
$41.6M
▼ 37.4% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Radware provides application security and delivery solutions for multi-cloud environments, securing the digital experience through infrastructure, application, and network protection and availability services to companies globally. It markets and sells its products and services primarily through indirect sales channels of distributors and resellers located in North, Central and South America, Europe, Africa, Asia, and Australia. In 2025, approximately 77% of its revenues derived from the enterprise market and 23% from the carrier market. As of December 31, 2025, no single customer accounted for more than 10% of its revenues. As of December 31, 2025, its research and development staff consisted of 406 employees and 68 subcontractors. Its technical support team consisted of 409 employees worldwide as of December 31, 2025, supporting the sales force and assisting customers, resellers and distributors with installation, set-up and ongoing support of its products. The company operates in two reportable segments, the first being Radware's Core Business, which consists of its core business operations, including cloud security-as-a-service products, application and data center security products, and application availability products.

Written from the business description in RADWARE LTD's annual report to the U.S. Securities and Exchange Commission, filed 31 March 2026. Every sentence was checked against that document before publication.

Growth

USD 301.9M
Revenue, FY2025 · full 17-year series below
Revenue $M Net income $M
FY2025 · Revenue 301.9 · Net income 20.3
150M300M
2009201220152018202120242025
Compound annual growth
+0.9%
+3.8%
+3.4%
+5.1%
+16.0%
+0.9%
+5.1%
−43.3%
−20.7%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +3.8% a year over the five years to FY2025 — but profit grew faster: net income at +16.0%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

7 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 3.8% · Net 6.7%
5%10%15%-5%-10%
200920172025
ROE
FY2025 · ROE 6.1%
5%10%-2%-4%-6%
200920172025
Three returns, three denominators.
Gross margin80.7%
Operating margin3.8%
Net margin6.7%
EBITDAUSD 23.1M

Each USD of equity produced 6 cents of profit this year.

Cash & shareholders

USD 10.5M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 41.6
25.0M50.0M-4.0M-8.0M
200920172025
Net buybacks $M Dividends $M
FY2025 · Dividends · · Net buybacks 10.5
25.0M50.0M-10.0M-20.0M
20092014201620182020202220242025
Dividends paid·
Net buybacksUSD 10.5M
Share of profit51.8%
Consecutive raises·

USD 10.5M in buybacks — 52% of the year's profit went back to shareholders.

Total assetsUSD 671.2M
EquityUSD 349.4M
CashUSD 105.1M
Current ratio1.63×

Equity funds 52% of total assets.

The 17-year record

17 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
RDWR, 17-year financial record
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B0.30.30.30.30.30.30.30.20.20.20.20.20.20.20.20.10.1
Operating income $B0.0−0.0−0.0−0.00.00.00.00.0−0.0−0.00.00.00.00.00.00.0−0.0
EBITDA $B0.00.0−0.00.00.00.00.00.00.0−0.00.00.00.00.00.00.00.0
Income tax $B0.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0
Net income $B0.00.0−0.0−0.00.00.00.00.0−0.0−0.00.00.00.00.00.00.0−0.0
Free cash flow $B0.00.1−0.00.00.10.10.00.00.00.00.00.00.00.00.00.00.0
EPS, diluted $0.450.14−0.500.000.160.200.470.25−0.17−0.200.400.530.390.680.470.44−0.31
Dividend / sh $◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Payout % — not applicable: no dividend—————————————————
ROE %6.12.0−7.0−0.02.12.55.93.5−2.4−2.85.77.96.412.910.65.8−4.0
Shares out B0.040.040.040.040.050.050.050.050.040.040.040.050.040.020.020.02◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

AAPL · F · GM · DELL · TSLA · FDX
Provenance

Company facts, as filed

How we verify · 0 failures in 81 reconciliationsAUDITED

Reconciled in 17 of the 17 fiscal years we could check. Six checks were skipped: the balance sheet is not tagged before 2010. Three checks were skipped: the share count is not tagged before 2010. Two checks were skipped: revenue is not tagged before 2009.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityServices-Business Services, NEC
Listed onNASDAQ
Incorporated innot stated in the filings
Fiscal year endsDecember 31
Data on record since2009

Share this section

Download image