RDWRNasdaqServices-Business Services, NECFiscal year ends December 31

RADWARE LTD

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Mar 31, 2026

$28.55+1.39 (+5.12%)

Close on Oct 19, 2026

Market cap: –
P/E (TTM): 63.4
Dividend yield: –

RADWARE LTD balance sheet

Annual Quarterly

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31	FY 2014 2014-12-31	FY 2013 2013-12-31	FY 2012 2012-12-31	FY 2011 2011-12-31	FY 2010 2010-12-31	FY 2009 2009-12-31	FY 2008 2008-12-31
Cash & Equivalents	105	99	71	46	93	55	41	45	65	80	34	45	20	20	17	15	20	28
Short-Term Investments	16	73	86	44	39	65	–	–	–	–	–	–	–	–	–	–	–	–
Cash & Short-Term Investments	121	172	157	90	132	119	41	45	65	80	34	45	20	20	17	15	20	28
Receivables	35	17	20	18	13	17	23	17	16	19	26	26	25	18	13	17	–	–
Inventory	13	14	16	11	12	14	14	18	19	17	16	17	14	13	12	9.72	–	–
Prepaid Expenses & Other	11	14	9.53	7.20	8.05	6.53	7.47	7.07	15	4.16	5.04	4.94	6.32	3.98	3.22	3.40	–	–
Total Current Assets	317	321	376	334	321	348	222	359	250	267	178	152	180	123	144	121	–	–
Property, Plant & Equipment	16	16	18	21	20	23	23	24	24	26	26	21	18	14	11	12	–	–
Gross Property, Plant & Equipment	106	117	135	131	124	121	115	107	101	94	86	73	65	55	47	–	–	–
Accumulated Depreciation	-89	-102	-117	-110	-104	-98	-92	-84	-77	-68	-60	-53	-47	-42	-36	–	–	–
Long-Term Investments	206	146	35	136	180	141	252	88	147	97	187	229	154	190	106	91	–	–
Operating Lease Right-of-Use Assets	16	18	21	23	25	28	18	–	–	–	–	–	–	–	–	–	–	–
Goodwill	68	68	68	68	41	41	41	32	32	30	30	30	30	24	24	24	–	–
Intangible Assets	7.78	12	16	20	11	13	14	9.47	10	2.40	3.52	4.76	5.07	5.13	8.16	12	–	–
Deferred Tax Assets	–	–	–	–	–	–	–	–	7.45	–	–	–	–	–	0.81	0.04	–	–
Other Long-Term Assets	41	38	38	41	37	30	24	21	8.13	8.09	5.47	6.01	1.63	1.64	1.37	0.52	–	–
Total Assets	671	619	572	644	635	623	595	533	471	430	431	443	389	358	295	261	–	–
Accounts Payable	7.23	5.58	4.30	6.46	4.31	3.88	6.32	4.48	5.37	5.97	9.26	9.82	8.80	9.92	5.10	5.91	–	–
Accrued Expenses	33	20	14	12	30	16	16	12	16	15	11	13	11	8.35	6.98	–	–	–
Current Portion of Leases	5.05	4.75	4.68	4.69	5.09	5.22	5.19	–	–	–	–	–	–	–	–	–	–	–
Deferred Revenue (Current)	112	106	105	108	100	92	79	84	70	53	46	42	39	36	36	33	–	–
Other Current Liabilities	1.43	2.42	0.71	1.97	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Total Current Liabilities	194	168	155	164	166	144	126	118	107	85	77	76	67	61	55	53	–	–
Long-Term Leases	12	14	16	19	22	25	14	–	–	–	–	–	–	–	–	–	–	–
Operating Lease Liabilities	17	18	21	24	27	30	19	–	–	–	–	–	–	–	–	–	–	–
Other Long-Term Liabilities	8.46	15	17	19	10	11	9.53	6.93	5.20	14	9.21	7.67	7.87	8.80	3.55	–	–	–
Total Liabilities	280	262	249	275	265	235	200	169	156	131	112	109	95	86	76	76	–	–
Common Stock	0.77	0.75	0.74	0.73	0.73	0.72	0.71	0.69	0.67	0.66	0.66	0.65	0.61	0.60	0.57	0.51	–	–
Additional Paid-In Capital	579	555	529	498	471	443	415	384	349	325	313	294	263	250	233	219	–	–
Retained Earnings	146	126	120	141	142	134	124	102	82	90	98	80	55	37	5.14	-16	–	–
Treasury Stock	-378	-367	-366	-303	-243	-191	-145	-121	-116	-116	-94	-41	-26	-18	-18	-18	–	–
Comprehensive Income & Other	1.39	1.10	0.08	-4.84	-0.46	1.52	1.15	-1.11	-0.44	-0.02	1.26	0.21	1.73	2.08	-1.66	0.13	–	–
Shareholders' Equity	349	316	284	332	370	388	395	364	315	300	319	334	294	271	219	185	149	148
Noncontrolling Interest	41	41	39	36	0	–	–	–	–	–	–	–	–	–	–	–	–	–
Total Equity	391	357	323	368	370	388	395	364	315	300	319	334	294	271	219	185	149	148
Total Liabilities & Equity	671	619	572	644	635	623	595	533	471	430	431	443	389	358	295	261	–	–
Shares Outstanding(shares)	43	43	42	44	46	46	47	46	44	43	45	47	45	44	43	41	–	–

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Dec 31, 2025

Profitability, FY2025

Gross margin: 80.7%
Operating margin: 3.8%
Net margin: 6.7%
Return on equity, FY2025: 6.1%

Financial strength

Current ratio: 1.63
Debt to equity: –
Debt to assets: –
Cash to current liabilities: 54.1%

Valuation

P/E ratio: 63.4
Price to sales: –
Price to book: –
Dividend yield: –