Radware Ltd. (RDWR) — Financial statements
Income statement, balance sheet, and cash flow for Radware Ltd. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 302↑9.8% | 275↑5.2% | 261↓11.0% | 293↑2.4% | 286 | |
| Cost of Revenue | 58↑9.6% | 53↑3.0% | 52↓4.0% | 54↑2.7% | 52 | |
| Gross Profit | 244↑9.9% | 222↑5.7% | 210↓12.5% | 240↑2.3% | 234 | |
| Operating Expenses | ||||||
| R&D Expenses | 79↑5.7% | 75↓9.6% | 83↓4.6% | 87↑16.8% | 74 | |
| General & Administrative Expenses | 26↓12.1% | 29↓10.4% | 32↑8.8% | 30↑36.1% | 22 | |
| Selling & Marketing Expenses | 128↑4.2% | 122↓3.0% | 126↓0.2% | 127↑5.6% | 120 | |
| SG&A Expenses | 153↑1.5% | 151↓5.0% | 159↑1.5% | 156↑10.3% | 142 | |
| Other Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Operating Expenses | 232↑2.9% | 226↓6.5% | 241↓0.7% | 243↑12.5% | 216 | |
| Total Costs & Expenses | 290↑4.2% | 279↓4.8% | 293↓1.3% | 297↑10.6% | 268 | |
| Operating Results | ||||||
| Operating Income | 11↑393.5% | -4↑87.7% | -32↓848.8% | -3↓118.3% | 18 | |
| Depreciation & Amortization | 12↓1.3% | 12↓3.3% | 12↑4.7% | 12↑14.7% | 10 | |
| EBITDA | 23↑190.5% | 8↑140.9% | -19↓332.7% | 8↓70.6% | 28 | |
| EBIT | 11↑393.5% | -4↑87.7% | -32↓848.8% | -3↓118.3% | 18 | |
| Interest & Other Income | ||||||
| Net Interest Income | 15↓17.6% | 18↑27.4% | 14↑109.0% | 7↑15.5% | 6 | |
| Interest Income | 15↓18.6% | 18↑27.3% | 14↑105.5% | 7↑15.1% | 6 | |
| Interest Expense | 0.00↓100.0% | 0.24↑19.8% | 0.20↓4.8% | 0.21↑3.5% | 0.20 | |
| Non-Operating Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Income / Expenses | 18↑8.1% | 17↑18.8% | 14↑73.0% | 8↑82.7% | 4 | |
| Income Before Tax | 29↑131.4% | 13↑171.3% | -18↓476.7% | 5↓79.2% | 23 | |
| Income Tax Expense | 9↑36.6% | 7↑72.7% | 4↓21.4% | 5↓67.1% | 15 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 20↑235.5% | 6↑128.0% | -22↓12906.0% | -0.17↓102.1% | 8 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 20↑235.5% | 6↑128.0% | -22↓12906.0% | -0.17↓102.1% | 8 | |
| Bottom-Line Net Income | 20↑235.5% | 6↑128.0% | -22↓12906.0% | -0.17↓102.1% | 8 | |
| EPS (Basic) | 0.47↑235.7% | 0.14↑128.0% | -0.50↓13413.5% | -0.00↓102.2% | 0.17 | |
| EPS (Diluted) | 0.45↑221.4% | 0.14↑128.0% | -0.50↓13413.5% | -0.00↓102.3% | 0.16 | |
| Weighted Average Shares | 43↑2.1% | 42↓2.1% | 43↓4.6% | 45↓2.1% | 46 | |
| Weighted Average Diluted Shares | 45↑3.1% | 43↑1.1% | 43↓4.6% | 45↓5.4% | 48 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.