Radware
RDWR
30.12
-0.52
-1.70%
Radware
US · RDWR
#3085 by market cap
Listed 1970
30.12
-0.52
-1.70%
Live - 5344 symbols - heartbeat 509s ago
· 2026-10-08 08:24
Pre-market
30.72
+1.99%
After-hours
30.12
0.00%
- Market cap
- 1.27B
- P/E (TTM)i
- 79.26
- P/Bi
- 3.99
- EPSi
- 0.45
- Div yieldi
- 0.00%
- 52W posi
- 76%
Reader sentiment
Are you bullish or bearish on RDWR?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Good
- Altman Z-Score is 3.74, above the 3.0 "safe zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +9.81% YoY
Margins
- Gross margin
- 80.67%
- Operating margin
- 3.78%
- Net margin
- 6.71%
Key ratios & quality
- Altman Z-Scorei
- 3.74
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 234.40M | 252.07M | 250.03M | 286.50M | 293.43M | 261.29M | 274.88M | 301.85M |
| Gross profit | 192.73M | 206.90M | 204.94M | 234.05M | 239.54M | 209.58M | 221.63M | 243.51M |
| Selling & admin expenses | 127.53M | 128.14M | 131.94M | 141.73M | 156.32M | 158.65M | 150.79M | 153.12M |
| Research & development | 57.67M | 61.84M | 66.84M | 74.10M | 86.56M | 82.62M | 74.72M | 78.98M |
| Operating profit | 7.52M | 16.92M | 6.17M | 18.23M | -3.34M | -31.68M | -3.89M | 11.41M |
| Pretax profit | 14.80M | 25.71M | 13.96M | 22.63M | 4.71M | -17.75M | 12.67M | 29.31M |
| Tax | 3.06M | 3.14M | 4.33M | 14.82M | 4.88M | 3.84M | 6.63M | 9.05M |
| Net profit | 11.74M | 22.57M | 9.64M | 7.81M | -166.00K | -21.59M | 6.04M | 20.26M |
| Basic EPS | 0 | 0 | 0 | 0 | 0 | -1 | 0 | 0 |
| Diluted EPS | 0.25 | 0.47 | 0.20 | 0.16 | 0.00 | -0.50 | 0.14 | 0.45 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 72.02M | 74.11M | 75.31M | 80.25M | 79.81M | 82.28M |
| Gross profit | 58.46M | 60.20M | 60.75M | 64.77M | 64.70M | 66.46M |
| Selling & admin expenses | 36.87M | 36.93M | 37.96M | 39.70M | 39.08M | 40.22M |
| Research & development | 17.55M | 18.16M | 19.69M | 21.13M | 21.10M | 23.77M |
| Operating profit | 4.04M | 5.11M | 3.10M | 3.94M | 4.52M | 2.47M |
| Pretax profit | 8.70M | 8.63M | 7.90M | 8.51M | 8.29M | 6.01M |
| Tax | 2.10M | 2.24M | 2.25M | 2.46M | 2.17M | 2.13M |
| Net profit | 4.34M | 4.22M | 5.65M | 6.04M | 3.54M | 1.71M |
| Basic EPS | 0 | 0 | 0 | 0 | 0 | 0 |
| Diluted EPS | 0.10 | 0.09 | 0.13 | 0.13 | 0.08 | 0.04 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 359.04M | 221.97M | 347.80M | 320.71M | 334.42M | 375.93M | 320.88M | 316.51M |
| Cash & ST investments | 316.40M | 177.95M | 310.49M | 287.89M | 298.04M | 330.59M | 275.78M | 257.26M |
| Inventory | 18.40M | 13.94M | 13.94M | 11.58M | 11.43M | 15.54M | 14.03M | 13.22M |
| Total assets | 532.72M | 595.20M | 623.27M | 635.37M | 643.59M | 571.92M | 618.68M | 671.17M |
| Total current liabilities | 118.03M | 125.54M | 143.75M | 165.89M | 164.04M | 155.02M | 168.47M | 194.28M |
| Short-term debt | -- | 5.19M | 5.22M | 5.09M | 4.69M | 4.68M | 4.75M | 5.05M |
| Long-term debt | -- | -- | -- | -- | -- | -- | -- | -- |
| Total liabilities | 168,764,000.00 | 199,868,000.00 | 234,804,000.00 | 265,377,000.00 | 275,145,000.00 | 248,642,000.00 | 261,601,000.00 | 280,481,000.00 |
| Total equity | 363.96M | 395.33M | 388.46M | 369.99M | 368.44M | 323.27M | 357.08M | 390.68M |
| Retained earnings | 101.56M | 124.12M | 133.76M | 141.57M | 141.40M | 119.81M | 125.85M | 146.11M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 339.89M | 323.42M | 299.14M | 316.51M | 315.06M | 320.14M |
| Cash & ST investments | 291.72M | 273.51M | 241.08M | 257.26M | 251.81M | 248.44M |
| Inventory | 13.51M | 13.31M | 13.33M | 13.22M | 13.13M | 13.66M |
| Total assets | 645.69M | 658.54M | 661.50M | 671.17M | 656.45M | 654.39M |
| Total current liabilities | 183.30M | 184.49M | 178.22M | 194.28M | 198.29M | 196.08M |
| Short-term debt | 4.64M | 4.97M | 5.16M | 5.05M | 4.82M | 4.86M |
| Long-term debt | -- | -- | -- | -- | -- | -- |
| Total liabilities | 279,616,000.00 | 278,798,000.00 | 271,787,000.00 | 280,481,000.00 | 288,229,000.00 | 295,255,000.00 |
| Total equity | 366.08M | 379.74M | 389.71M | 390.68M | 368.22M | 359.13M |
| Retained earnings | 130.19M | 134.42M | 140.07M | 146.11M | 149.65M | 151.36M |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 49.25M | 52.85M | 63.87M | 71.77M | 32.15M | -3.50M | 71.61M | 50.09M |
| Depreciation & amortization | 9.78M | 11.28M | 10.56M | 10.20M | 11.69M | 12.24M | 11.84M | 11.68M |
| Free cash flow | 40.38M | 44.70M | 55.19M | 66.17M | 23.33M | -8.93M | 66.33M | 41.56M |
| Dividends paid | -- | -- | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -4.28M | -24.51M | -45.33M | -52.47M | -59.49M | -63.23M | -839.00K | -10.49M |
| Ending cash balance | 45.20M | 40.75M | 54.77M | 92.51M | 46.19M | 70.54M | 98.71M | 105.08M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 22.44M | 14.49M | -4.17M | 17.33M | 17.64M | 11.14M |
| Depreciation & amortization | 2.88M | 2.59M | 2.81M | 2.85M | 2.59M | 2.91M |
| Free cash flow | 21.33M | 11.83M | -6.06M | 14.45M | 14.99M | 9.11M |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | 0 | 0 | 0 | -10.49M | -29.39M | -18.77M |
| Ending cash balance | 114.24M | 103.84M | 87.28M | 105.08M | 111.86M | 86.64M |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | 3.46 | 5.94 | 2.46 | 2.06 | -0.05 | -7.01 | 2.01 | 6.09 |
| ROA %i | 2.34 | 4.00 | 1.58 | 1.24 | -0.03 | -3.55 | 1.01 | 3.14 |
| ROIC %i | 1.68 | 3.31 | 0.72 | 0.78 | -1.45 | -9.83 | -2.45 | 1.55 |
| 5-year avg ROE %i | 2.37 | 1.97 | 1.32 | 2.30 | 2.77 | 0.68 | -0.10 | 0.62 |
| EBIT margin %i | 3.21 | 6.71 | 2.47 | 6.36 | -1.14 | -12.12 | -1.41 | 3.78 |
| FCF / sales %i | 17.23 | 17.73 | 22.08 | 23.10 | 7.95 | -- | 24.13 | 13.77 |
| Current ratioi | 3.04 | 1.77 | 2.42 | 1.93 | 2.04 | 2.43 | 1.90 | 1.63 |
| Quick ratioi | 2.83 | 1.60 | 2.28 | 1.81 | 1.93 | 2.26 | 1.74 | 1.50 |
| Debt / assetsi | 0.00 | 3.21 | 4.83 | 4.32 | 3.75 | 3.62 | 2.95 | 2.54 |
| LT debt / equityi | -- | 3.52 | 6.40 | 6.04 | 5.86 | 5.64 | 4.27 | 3.43 |
| Interest coveragei | -- | -- | -- | -- | -- | -- | -- | -- |
| Revenue CAGR (3Y) %i | 2.67 | 8.64 | 5.76 | 6.92 | 5.19 | 1.48 | -1.37 | 0.95 |
| Net income CAGR (3Y) %i | -14.18 | -- | -- | -12.69 | -- | -- | -8.22 | -- |
| FCF CAGR (3Y) %i | 16.92 | 15.41 | 31.54 | 17.89 | -19.48 | -- | 0.08 | 21.21 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 3.78 | 4.46 | 5.09 | 6.09 | 5.97 | 5.17 |
| ROA %i | 1.88 | 2.25 | 2.63 | 3.14 | 2.99 | 2.58 |
| ROIC %i | -0.02 | 0.73 | 1.33 | 1.55 | 1.57 | 0.99 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 0.48 | 1.85 | 2.87 | 3.78 | 3.84 | 2.91 |
| FCF / sales %i | 24.23 | 20.13 | 13.17 | 13.77 | 11.37 | 10.22 |
| Current ratioi | 1.85 | 1.75 | 1.68 | 1.63 | 1.59 | 1.63 |
| Quick ratioi | 1.78 | 1.68 | 1.60 | 1.50 | 1.49 | 1.54 |
| Debt / assetsi | 2.65 | 2.69 | 2.68 | 2.54 | 2.49 | 2.46 |
| LT debt / equityi | 3.84 | 3.77 | 3.62 | 3.43 | 3.53 | 3.53 |
| Interest coveragei | -- | -- | -- | -- | -- | -- |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Single-engine
- Radware Core is the largest reported line at 99.79% of revenue, across 2 reported segments.
- The next-largest line, Hawks, is a distant second at 0.21% - a sharp slowdown here would have little to offset it.
Revenue breakdown most recent period
Business
Radware Core99.79%
Hawks0.21%
Region
Europe, the Middle East and Africa (EMEA)36.86%
The United States30.72%
Asia Pacific21.89%
America - other10.54%
Quote time 2026-10-08 08:24:03 · For reference only, not investment advice and not tailored to your situation.