NASDAQ · RDWR
Radware financials
$29.25−0.71%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $301.9M | $274.9M | $261.3M | $293.4M | $286.5M | $250.0M | $252.1M | $234.4M | $211.4M | $196.6M |
| Gross profit | $243.5M | $221.6M | $209.6M | $239.5M | $234.1M | $204.9M | $206.9M | $192.7M | $171.8M | $160.9M |
| Gross margin | 80.7% | 80.6% | 80.2% | 81.6% | 81.7% | 82.0% | 82.1% | 82.2% | 81.3% | 81.8% |
| Operating income | $11.4M | -$3.9M | -$31.7M | -$3.3M | $18.2M | $6.2M | $16.9M | $7.5M | -$6.7M | -$12.7M |
| Net income | $20.3M | $6.0M | -$21.6M | -$166.0K | $7.8M | $9.6M | $22.6M | $11.7M | -$7.5M | -$8.7M |
| Net margin | 6.7% | 2.2% | −8.3% | −0.1% | 2.7% | 3.9% | 9.0% | 5.0% | −3.5% | −4.4% |
| Diluted EPS | $0.45 | $0.14 | $-0.50 | $0.00 | $0.16 | $0.20 | $0.47 | $0.25 | $-0.17 | $-0.20 |
| EBITDA | $23.1M | $7.9M | -$19.4M | $8.4M | $28.4M | $16.7M | $28.2M | $17.3M | $4.6M | -$2.4M |
| Operating cash flow | $50.1M | $71.6M | -$3.5M | $32.1M | $71.8M | $63.9M | $52.9M | $49.3M | $31.5M | $38.5M |
| Free cash flow | $41.6M | $66.3M | -$8.9M | $23.3M | $66.2M | $55.2M | $44.7M | $40.4M | $24.3M | $29.1M |
| Diluted shares | 44.7M | 43.4M | 42.9M | 44.9M | 47.5M | 47.7M | 48.5M | 47.7M | 43.5M | 43.9M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $105.1M | $98.7M | $70.5M | $46.2M | $92.5M | $54.8M |
| Short-term investments | $152.2M | $177.1M | $260.1M | $44.2M | $39.5M | $64.7M |
| Total debt | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total assets | $671.2M | $618.7M | $571.9M | $643.6M | $635.4M | $623.3M |
| Total liabilities | $280.5M | $261.6M | $248.6M | $275.1M | $265.4M | $234.8M |
| Shareholders' equity | $390.7M | $357.1M | $323.3M | $368.4M | $370.0M | $388.5M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology