RDWR
Radware Ltd
NASDAQ: RDWR · TECHNOLOGY · SOFTWARE - INFRASTRUCTURE
$26.80
+2.02% today
Updated 2026-04-30
Market cap
$1.11B
P/E ratio
58.84
P/S ratio
3.69x
EPS (TTM)
$0.45
Dividend yield
—
52W range
$21 – $32
Volume
0.3M
Radware Ltd (RDWR) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $81.41M | $88.63M | $94.58M | $108.90M | $144.12M | $167.02M | $189.17M | $193.00M | $221.89M | $216.57M | $196.59M | $211.37M | $234.40M | $252.07M | $250.03M | $286.50M | $293.43M | $261.29M | $274.88M | $301.85M |
| Revenue growth (YoY) | — | +8.9% | +6.7% | +15.1% | +32.3% | +15.9% | +13.3% | +2.0% | +15.0% | -2.4% | -9.2% | +7.5% | +10.9% | +7.5% | -0.8% | +14.6% | +2.4% | -11.0% | +5.2% | +9.8% |
| Cost of revenue | $15.79M | $19.03M | $21.57M | $22.33M | $29.20M | $33.36M | $35.72M | $36.73M | $39.73M | $38.20M | $35.70M | $39.62M | $41.67M | $45.17M | $45.08M | $52.45M | $53.88M | $51.71M | $53.25M | $58.34M |
| Gross profit | $65.62M | $69.60M | $73.01M | $86.57M | $114.92M | $133.66M | $153.45M | $156.26M | $182.16M | $178.37M | $160.89M | $171.75M | $192.73M | $206.90M | $204.94M | $234.05M | $239.54M | $209.58M | $221.63M | $243.51M |
| Gross margin | 80.6% | 78.5% | 77.2% | 79.5% | 79.7% | 80.0% | 81.1% | 81.0% | 82.1% | 82.4% | 81.8% | 81.3% | 82.2% | 82.1% | 82.0% | 81.7% | 81.6% | 80.2% | 80.6% | 80.7% |
| R&D | $17.66M | $23.52M | $28.36M | $26.05M | $31.66M | $36.06M | $36.19M | $40.98M | $44.08M | $49.99M | $51.73M | $59.00M | $57.67M | $61.84M | $66.84M | $74.10M | $86.56M | $82.62M | $74.72M | $78.98M |
| SG&A | $56.30M | $65.10M | $75.70M | $11.93M | $10.19M | $9.63M | $9.70M | $14.89M | $19.80M | $17.03M | $18.13M | $17.58M | $16.14M | $18.58M | $18.92M | $21.89M | $29.79M | $32.41M | $29.04M | $25.54M |
| Operating income | $-8.35M | $-19.00M | $-31.01M | $-7.11M | $8.46M | $18.43M | $30.92M | $17.57M | $25.08M | $18.00M | $-12.75M | $-6.67M | $7.52M | $16.92M | $6.17M | $18.23M | $-3.34M | $-31.68M | $-3.89M | $11.41M |
| Operating margin | -10.3% | -21.4% | -32.8% | -6.5% | 5.9% | 11.0% | 16.3% | 9.1% | 11.3% | 8.3% | -6.5% | -3.2% | 3.2% | 6.7% | 2.5% | 6.4% | -1.1% | -12.1% | -1.4% | 3.8% |
| EBITDA | $-4.91M | $-17.43M | $-21.32M | $2.69M | $17.51M | $28.73M | $40.79M | $25.66M | $33.18M | $27.40M | $-2.38M | $4.56M | $17.31M | $28.20M | $16.73M | $28.42M | $8.35M | $-19.44M | $7.95M | $23.09M |
| EBITDA margin | -6.0% | -19.7% | -22.5% | 2.5% | 12.1% | 17.2% | 21.6% | 13.3% | 15.0% | 12.7% | -1.2% | 2.2% | 7.4% | 11.2% | 6.7% | 9.9% | 2.8% | -7.4% | 2.9% | 7.7% |
| EBIT | $-8.35M | $-19.00M | $-27.39M | $-7.11M | $8.46M | $18.43M | $30.92M | $17.57M | $25.08M | $18.00M | $-12.75M | $-6.67M | $7.52M | $16.92M | $6.17M | $18.23M | $-3.34M | $-31.68M | $-3.89M | $11.41M |
| Interest expense | $138000.00 | $136000.00 | $222000.00 | $99000.00 | $2.06M | $4.20M | $2.26M | $1.94M | $1.81M | $157000.00 | $116000.00 | $89000.00 | $113000.00 | $124000.00 | $189000.00 | $200000.00 | $207000.00 | $197000.00 | $236000.00 | — |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-1.28M | $-12.01M | $-31.02M | $-5.94M | $9.63M | $21.34M | $31.76M | $18.05M | $24.95M | $18.57M | $-8.66M | $-7.49M | $11.73M | $22.57M | $9.64M | $7.81M | $-166000.00 | $-21.59M | $6.04M | $20.26M |
| Net income growth (YoY) | — | -838.4% | -158.3% | +80.9% | +262.3% | +121.5% | +48.8% | -43.1% | +38.2% | -25.6% | -146.6% | +13.5% | +256.6% | +92.3% | -57.3% | -18.9% | -102.1% | -12906.0% | +128.0% | +235.5% |
| Profit margin | -1.6% | -13.6% | -32.8% | -5.5% | 6.7% | 12.8% | 16.8% | 9.4% | 11.2% | 8.6% | -4.4% | -3.5% | 5.0% | 9.0% | 3.9% | 2.7% | -0.1% | -8.3% | 2.2% | 6.7% |