Radware (RDWR) Financials

$23.30 -0.33 (-1.40%)

Closing price 05/23/2025 04:00 PM Eastern

Extended Trading

$23.30 0.00 (0.00%)

As of 05/23/2025 04:04 PM Eastern

Annual Income Statements for Radware

This table shows Radware's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Income / (Loss) Attributable to Common Shareholders	6.04	-22	-0.17	7.81	9.64	23	12	-7.49	-8.66	19	25
Consolidated Net Income / (Loss)	6.04	-22	-0.17	7.81	9.64	23	12	-7.49	-8.66	19	25
Net Income / (Loss) Continuing Operations	6.04	-22	-0.17	7.81	9.64	23	12	-7.49	-8.66	19	25
Total Pre-Tax Income	13	-18	4.71	23	14	26	15	-1.84	-7.01	24	31
Total Operating Income	-3.89	-32	-3.34	18	6.17	17	7.52	-6.67	-13	18	25
Total Gross Profit	222	210	240	234	205	207	193	172	161	178	182
Total Revenue	275	261	293	286	250	252	234	211	197	217	222
Total Cost of Revenue	53	52	54	52	45	45	42	40	36	38	40
Total Operating Expenses	226	241	243	216	199	190	185	178	174	160	157
Selling, General & Admin Expense	28	32	30	22	19	19	16	18	18	17	20
Marketing Expense	122	126	127	120	113	110	111	109	104	93	93
Research & Development Expense	75	83	87	74	67	62	58	59	52	50	44
Total Other Income / (Expense), net	17	14	8.05	4.41	7.80	8.79	7.27	4.83	5.74	5.87	5.80
Other Income / (Expense), net	17	14	8.05	4.41	7.80	8.79	7.27	4.83	5.74	5.87	5.80
Income Tax Expense	6.63	3.84	4.88	15	4.33	3.14	3.06	5.65	1.65	5.30	5.93
Basic Earnings per Share	$0.14	($0.50)	$0.00	$0.17	$0.21	$0.48	$0.26	($0.17)	($0.20)	$0.40	$0.55
Weighted Average Basic Shares Outstanding	41.98M	42.87M	44.94M	45.92M	46.46M	46.82M	46.35M	44.13M	43.19M	44.78M	46.93M
Diluted Earnings per Share	$0.14	($0.50)	$0.00	$0.16	$0.20	$0.47	$0.25	($0.17)	($0.20)	$0.40	$0.53
Weighted Average Diluted Shares Outstanding	43.36M	42.87M	44.94M	47.50M	47.74M	48.52M	46.35M	44.13M	43.19M	44.78M	46.93M
Weighted Average Basic & Diluted Shares Outstanding	42.55M	41.70M	44.31M	45.87M	46.46M	46.99M	46.35M	44.13M	43.19M	44.78M	46.93M

No quarterly income statements for Radware are available.

This table details how cash moves in and out of Radware's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Change in Cash & Equivalents	28	24	-46	38	14	-4.45	-20	-14	46	-11	25
Net Cash From Operating Activities	72	-3.50	32	72	64	53	49	31	38	39	52
Net Cash From Continuing Operating Activities	72	-3.50	32	72	64	53	49	31	38	39	52
Net Income / (Loss) Continuing Operations	6.04	-22	-0.17	7.81	9.64	23	12	-7.49	-8.66	19	25
Consolidated Net Income / (Loss)	6.04	-22	-0.17	7.81	9.64	23	12	-7.49	-8.66	19	25
Depreciation Expense	12	12	12	10	11	11	9.78	11	10	9.40	8.10
Amortization Expense	-0.42	1.75	2.35	2.72	0.93	0.62	1.40	1.55	1.95	3.21	2.96
Non-Cash Adjustments To Reconcile Net Income	26	33	26	18	17	14	13	13	11	6.38	5.36
Changes in Operating Assets and Liabilities, net	28	-29	-7.67	33	25	4.01	14	13	24	1.57	11
Net Cash From Investing Activities	-40	93	-56	7.85	-14	-51	-86	-56	28	-6.85	-36
Net Cash From Continuing Investing Activities	-40	93	-56	7.85	-14	-51	-86	-56	28	-6.85	-36
Purchase of Property, Plant & Equipment	-5.28	-5.43	-8.81	-5.60	-8.67	-8.16	-8.87	-7.21	-9.40	-14	-9.48
Acquisitions	0.00	0.00	-30	0.00	0.00	-12	0.00	-8.27	0.00	0.00	-1.38
Purchase of Investments	-110	-33	-49	-88	-33	-67	-47	-25	-16	-13	-44
Sale and/or Maturity of Investments	129	50	45	77	51	21	42	21	23	54	40
Other Investing Activities, net	-53	81	-13	24	-24	16	-71	-37	31	-34	-21
Net Cash From Financing Activities	-3.91	-65	-22	-42	-35	-6.51	16	10	-21	-44	8.77
Net Cash From Continuing Financing Activities	-3.91	-65	-22	-42	-35	-6.51	16	10	-21	-44	8.77
Repurchase of Common Equity	-0.84	-63	-59	-52	-45	-25	-4.28	-0.41	-22	-53	-15
Issuance of Preferred Equity	0.00	0.00	35	0.00	0.00	-	-	-	-	-	-
Other Financing Activities, net	-3.07	-1.69	2.03	11	9.85	18	20	11	1.04	9.38	24
Cash Income Taxes Paid	0.92	4.00	18	2.75	1.31	3.30	6.42	14	1.73	1.85	2.29

No quarterly cash flow statements for Radware are available.

This table presents Radware's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Total Assets	619	572	644	635	623	595	533	471	430	431	443
Total Current Assets	321	376	334	321	348	222	359	250	267	178	152
Cash & Equivalents	99	71	46	93	55	41	45	65	80	34	45
Short-Term Investments	73	86	44	39	65	37	16	43	20	16	29
Accounts Receivable	17	20	18	13	17	23	17	16	19	26	26
Inventories, net	14	16	11	12	14	14	18	19	17	16	17
Prepaid Expenses	14	9.53	7.20	8.05	6.53	7.47	7.07	15	4.16	5.04	4.94
Other Current Assets	104	174	208	156	191	100	255	93	126	81	30
Plant, Property, & Equipment, net	16	18	21	20	23	23	24	24	26	26	21
Total Noncurrent Assets	282	178	288	294	252	350	150	194	137	226	270
Long-Term Investments	146	35	136	180	141	252	88	143	94	184	226
Goodwill	68	68	68	41	41	41	32	32	30	30	30
Intangible Assets	12	16	20	11	13	14	9.47	10	2.40	3.52	4.76
Other Noncurrent Operating Assets	56	59	64	62	58	43	21	8.13	11	8.20	9.05
Total Liabilities & Shareholders' Equity	619	572	644	635	623	595	533	471	430	431	443
Total Liabilities	262	249	275	265	235	200	169	156	131	112	109
Total Current Liabilities	168	155	164	166	144	126	118	107	85	77	76
Accounts Payable	5.58	4.30	6.46	4.31	3.88	6.32	4.48	5.37	5.97	9.26	9.82
Accrued Expenses	20	14	12	30	16	16	12	16	15	11	13
Current Deferred Revenue	106	105	108	100	92	79	84	70	53	46	42
Current Employee Benefit Liabilities	32	27	32	26	27	19	18	16	12	11	11
Other Current Liabilities	4.75	4.68	4.69	5.09	5.22	5.19	0.00	-	-	-	-
Total Noncurrent Liabilities	93	94	111	99	91	74	51	49	45	34	33
Noncurrent Deferred Revenue	65	60	72	67	55	51	44	43	31	25	25
Other Noncurrent Operating Liabilities	28	33	39	32	36	23	6.93	5.20	14	9.21	7.67
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	357	323	368	370	388	395	364	315	300	319	334
Total Preferred & Common Equity	316	284	332	370	388	395	364	315	300	319	334
Total Common Equity	316	284	332	370	388	395	364	315	300	319	334
Common Stock	556	530	499	472	444	415	384	350	326	313	295
Retained Earnings	126	120	141	142	134	124	102	82	90	98	80
Treasury Stock	-367	-366	-303	-243	-191	-145	-121	-116	-116	-94	-41
Accumulated Other Comprehensive Income / (Loss)	1.10	0.08	-4.84	-0.46	1.52	1.15	-1.11	-0.44	-0.02	1.26	0.21
Noncontrolling Interest	41	39	36	0.00	-	-	-	-	-	-	-

No quarterly balance sheets for Radware are available.

This table displays calculated financial ratios and metrics derived from Radware's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	5.20%	-10.95%	2.42%	14.59%	-0.81%	7.54%	10.90%	7.52%	-9.23%	-2.40%	14.97%
EBITDA Growth	741.38%	-120.03%	-47.25%	39.66%	-32.32%	44.79%	137.50%	105.85%	-85.43%	-13.05%	29.17%
EBIT Growth	171.34%	-476.68%	-79.18%	62.07%	-45.68%	73.73%	903.80%	73.73%	-129.36%	-22.72%	39.97%
NOPAT Growth	91.64%	-18,956.29%	-98.13%	47.78%	-71.34%	148.87%	227.77%	47.67%	-163.73%	-30.89%	40.93%
Net Income Growth	127.97%	-12,906.02%	-102.13%	-18.94%	-57.30%	92.30%	256.61%	13.47%	-146.63%	-25.58%	38.19%
EPS Growth	128.00%	0.00%	-100.00%	-20.00%	-57.45%	88.00%	247.06%	15.00%	-150.00%	-24.53%	35.90%
Operating Cash Flow Growth	2,145.97%	-110.89%	-55.21%	12.38%	20.84%	7.31%	56.54%	-18.24%	-1.68%	-24.99%	72.77%
Free Cash Flow Firm Growth	900.92%	86.69%	-209.50%	231.66%	-135.51%	210.92%	-471.24%	235.01%	21.89%	-147.35%	112.76%
Invested Capital Growth	-70.00%	-7.71%	146.57%	-55.11%	95.68%	-69.56%	253.31%	-42.28%	24.37%	157.35%	-64.45%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	80.63%	80.21%	81.64%	81.69%	81.97%	82.08%	82.22%	81.26%	81.84%	82.36%	82.09%
EBITDA Margin	8.76%	-1.44%	6.39%	12.41%	10.18%	14.92%	11.08%	5.17%	2.70%	16.84%	18.90%
Operating Margin	-1.41%	-12.12%	-1.14%	6.36%	2.47%	6.71%	3.21%	-3.16%	-6.49%	8.31%	11.30%
EBIT Margin	4.61%	-6.79%	1.61%	7.90%	5.59%	10.20%	6.31%	-0.87%	-3.56%	11.02%	13.92%
Profit (Net Income) Margin	2.20%	-8.26%	-0.06%	2.73%	3.85%	8.95%	5.01%	-3.55%	-4.40%	8.57%	11.24%
Tax Burden Percent	47.67%	121.61%	-3.52%	34.51%	69.01%	87.77%	79.30%	407.01%	123.56%	77.81%	80.79%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	52.33%	0.00%	103.52%	65.49%	30.99%	12.23%	20.70%	0.00%	0.00%	22.19%	19.21%
Return on Invested Capital (ROIC)	-2.18%	-16.24%	0.12%	6.77%	4.39%	10.57%	4.32%	-5.61%	-9.37%	23.75%	32.21%
ROIC Less NNEP Spread (ROIC-NNEP)	-5.27%	-16.52%	0.22%	6.24%	2.57%	7.34%	1.46%	-4.35%	-9.49%	22.05%	30.35%
Return on Net Nonoperating Assets (RNNOA)	3.95%	10.00%	-0.16%	-4.71%	-1.93%	-4.63%	-0.86%	3.17%	6.57%	-18.06%	-24.26%
Return on Equity (ROE)	1.78%	-6.24%	-0.05%	2.06%	2.46%	5.94%	3.46%	-2.44%	-2.80%	5.69%	7.95%
Cash Return on Invested Capital (CROIC)	105.52%	-8.22%	-84.47%	82.83%	-60.33%	117.22%	-107.44%	48.01%	-31.09%	-64.31%	127.30%
Operating Return on Assets (OROA)	2.13%	-2.92%	0.74%	3.60%	2.29%	4.56%	2.95%	-0.41%	-1.63%	5.46%	7.43%
Return on Assets (ROA)	1.01%	-3.55%	-0.03%	1.24%	1.58%	4.00%	2.34%	-1.66%	-2.01%	4.25%	6.00%
Return on Common Equity (ROCE)	1.57%	-5.56%	-0.04%	2.06%	2.46%	5.94%	3.46%	-2.44%	-2.80%	5.69%	7.95%
Return on Equity Simple (ROE_SIMPLE)	1.91%	-7.60%	-0.05%	2.11%	2.48%	5.71%	3.22%	-2.38%	-2.89%	5.82%	7.48%
Net Operating Profit after Tax (NOPAT)	-1.85	-22	0.12	6.29	4.26	15	5.97	-4.67	-8.92	14	20
NOPAT Margin	-0.67%	-8.49%	0.04%	2.20%	1.70%	5.89%	2.55%	-2.21%	-4.54%	6.47%	9.13%
Net Nonoperating Expense Percent (NNEP)	3.09%	0.28%	-0.11%	0.53%	1.82%	3.23%	2.86%	-1.26%	0.12%	1.71%	1.87%
Return On Investment Capital (ROIC_SIMPLE)	-0.52%	-6.86%	0.03%	-	-	-	-	-	-	-	-
Cost of Revenue to Revenue	19.37%	19.79%	18.36%	18.31%	18.03%	17.92%	17.78%	18.74%	18.16%	17.64%	17.91%
SG&A Expenses to Revenue	10.31%	12.40%	10.15%	7.64%	7.57%	7.37%	6.89%	8.32%	9.22%	7.87%	8.92%
R&D to Revenue	27.18%	31.62%	29.50%	25.86%	26.73%	24.53%	24.60%	27.91%	26.32%	23.08%	19.87%
Operating Expenses to Revenue	82.04%	92.33%	82.77%	75.33%	79.50%	75.37%	79.01%	84.41%	88.33%	74.05%	70.79%
Earnings before Interest and Taxes (EBIT)	13	-18	4.71	23	14	26	15	-1.84	-7.01	24	31
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	24	-3.76	19	36	25	38	26	11	5.31	36	42
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.97	2.60	2.73	5.22	3.36	3.02	2.75	2.66	2.18	2.26	2.95
Price to Tangible Book Value (P/TBV)	3.97	3.69	3.71	6.07	3.90	3.52	3.11	3.07	2.44	2.52	3.30
Price to Revenue (P/Rev)	3.42	2.83	3.09	6.74	5.22	4.74	4.28	3.96	3.32	3.32	4.44
Price to Earnings (P/E)	155.59	0.00	0.00	247.29	135.32	52.95	85.41	0.00	0.00	38.77	39.48
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.64%	0.00%	0.00%	0.40%	0.74%	1.89%	1.17%	0.00%	0.00%	2.58%	2.53%
Enterprise Value to Invested Capital (EV/IC)	16.85	4.47	5.04	28.11	8.14	13.19	3.96	9.63	4.34	5.72	20.74
Enterprise Value to Revenue (EV/Rev)	2.41	2.24	2.44	5.65	4.17	3.43	3.64	2.78	2.33	2.24	3.08
Enterprise Value to EBITDA (EV/EBITDA)	27.51	0.00	38.18	45.55	41.01	23.00	32.87	53.65	86.34	13.31	16.31
Enterprise Value to EBIT (EV/EBIT)	52.31	0.00	151.88	71.54	74.75	33.65	57.69	0.00	0.00	20.35	22.16
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	6,086.72	257.42	245.22	58.26	143.08	0.00	0.00	34.68	33.77
Enterprise Value to Operating Cash Flow (EV/OCF)	9.25	0.00	22.27	22.56	16.34	16.37	17.33	18.65	11.92	12.41	13.12
Enterprise Value to Free Cash Flow (EV/FCFF)	7.37	0.00	0.00	21.03	0.00	5.25	0.00	14.67	0.00	0.00	8.55
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.75	-0.61	-0.73	-0.75	-0.75	-0.63	-0.59	-0.73	-0.69	-0.82	-0.80
Leverage Ratio	1.75	1.76	1.73	1.66	1.55	1.49	1.48	1.47	1.39	1.34	1.32
Compound Leverage Factor	1.75	1.76	1.73	1.66	1.55	1.49	1.48	1.47	1.39	1.34	1.32
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	11.43%	12.12%	9.85%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	88.57%	87.88%	90.15%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	3.25	2.89	3.08	5.54	4.50	4.64	4.90	4.27	4.20	5.15	6.62
Noncontrolling Interest Sharing Ratio	11.76%	10.91%	4.91%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.90	2.43	2.04	1.93	2.42	1.77	3.04	2.33	3.13	2.31	2.00
Quick Ratio	1.12	1.14	0.66	0.88	0.95	0.80	0.66	1.15	1.40	0.98	1.32
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	90	-11	-84	77	-58	165	-148	40	-30	-38	80
Operating Cash Flow to CapEx	1,356.49%	-64.47%	364.74%	1,280.99%	736.54%	648.09%	555.32%	436.37%	409.19%	284.13%	550.27%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.46	0.43	0.46	0.46	0.41	0.45	0.47	0.47	0.46	0.50	0.53
Accounts Receivable Turnover	14.82	13.75	18.97	19.07	12.67	12.67	14.07	11.89	8.58	8.32	8.78
Inventory Turnover	3.60	3.83	4.68	4.11	3.23	2.79	2.24	2.21	2.14	2.30	2.56
Fixed Asset Turnover	16.24	13.30	14.21	13.26	10.88	10.81	9.91	8.46	7.48	9.26	11.64
Accounts Payable Turnover	10.78	9.61	10.00	12.80	8.84	8.37	8.46	6.99	4.69	4.01	4.27
Days Sales Outstanding (DSO)	24.63	26.55	19.25	19.14	28.80	28.80	25.94	30.70	42.53	43.86	41.57
Days Inventory Outstanding (DIO)	101.35	95.19	77.93	88.79	112.84	130.66	162.79	165.32	170.95	158.45	142.55
Days Payable Outstanding (DPO)	33.86	37.98	36.49	28.51	41.28	43.62	43.13	52.23	77.85	91.12	85.50
Cash Conversion Cycle (CCC)	92.12	83.76	60.68	79.42	100.36	115.83	145.59	143.79	135.64	111.19	98.62
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	39	131	142	58	128	66	215	61	106	85	33
Invested Capital Turnover	3.23	1.91	2.94	3.08	2.58	1.79	1.70	2.54	2.06	3.67	3.53
Increase / (Decrease) in Invested Capital	-92	-11	84	-71	63	-150	154	-45	21	52	-60
Enterprise Value (EV)	663	586	716	1,619	1,044	865	854	587	459	486	684
Market Capitalization	939	739	906	1,932	1,304	1,195	1,002	838	653	720	985
Book Value per Share	$7.58	$6.41	$7.24	$7.98	$8.27	$8.53	$8.25	$7.30	$6.69	$6.80	$7.46
Tangible Book Value per Share	$5.67	$4.52	$5.33	$6.86	$7.12	$7.33	$7.30	$6.32	$5.97	$6.08	$6.68
Total Capital	357	323	368	370	388	395	364	315	300	319	334
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-318	-192	-226	-312	-260	-330	-149	-251	-194	-234	-301
Capital Expenditures (CapEx)	5.28	5.43	8.81	5.60	8.67	8.16	8.87	7.21	9.40	14	9.48
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-19	64	80	23	85	19	180	35	81	51	1.58
Debt-free Net Working Capital (DFNWC)	152	221	170	155	204	96	241	143	182	101	76
Net Working Capital (NWC)	152	221	170	155	204	96	241	143	182	101	76
Net Nonoperating Expense (NNE)	-7.89	-0.59	0.28	-1.52	-5.38	-7.72	-5.77	2.82	-0.27	-4.56	-4.69
Net Nonoperating Obligations (NNO)	-318	-192	-226	-312	-260	-330	-149	-254	-194	-234	-301
Total Depreciation and Amortization (D&A)	11	14	14	13	11	12	11	13	12	13	11
Debt-free, Cash-free Net Working Capital to Revenue	-7.02%	24.49%	27.27%	7.96%	33.84%	7.44%	76.82%	16.69%	41.41%	23.68%	0.71%
Debt-free Net Working Capital to Revenue	55.44%	84.55%	58.07%	54.04%	81.61%	38.25%	102.82%	67.70%	92.33%	46.65%	34.26%
Net Working Capital to Revenue	55.44%	84.55%	58.07%	54.04%	81.61%	38.25%	102.82%	67.70%	92.33%	46.65%	34.26%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.14	($0.50)	$0.00	$0.17	$0.21	$0.48	$0.26	($0.17)	($0.20)	$0.40	$0.55
Adjusted Weighted Average Basic Shares Outstanding	41.98M	42.87M	44.94M	45.92M	46.39M	46.99M	46.35M	44.13M	43.19M	44.78M	46.93M
Adjusted Diluted Earnings per Share	$0.14	($0.50)	$0.00	$0.16	$0.20	$0.47	$0.25	($0.17)	($0.20)	$0.40	$0.53
Adjusted Weighted Average Diluted Shares Outstanding	43.36M	42.87M	44.94M	47.50M	46.39M	46.99M	46.35M	44.13M	43.19M	44.78M	46.93M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	42.55M	41.70M	44.31M	45.87M	46.39M	46.99M	46.35M	44.13M	43.19M	44.78M	46.93M
Normalized Net Operating Profit after Tax (NOPAT)	-2.72	-22	-2.34	13	4.26	15	5.97	-4.67	-8.92	14	20
Normalized NOPAT Margin	-0.99%	-8.49%	-0.80%	4.45%	1.70%	5.89%	2.55%	-2.21%	-4.54%	6.47%	9.13%
Pre Tax Income Margin	4.61%	-6.79%	1.61%	7.90%	5.59%	10.20%	6.31%	-0.87%	-3.56%	11.02%	13.92%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	13.90%	-292.89%	-35,838.55%	671.76%	470.38%	108.61%	36.43%	-5.51%	-253.84%	284.86%	60.80%

No quarterly metrics and ratios for Radware are available.

Frequently Asked Questions About Radware's Financials

When does Radware's financial year end?

According to the most recent income statement we have on file, Radware's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Radware's net income changed over the last 10 years?

Radware's net income appears to be on a downward trend, with a most recent value of $6.04 million in 2024, falling from $24.95 million in 2014. The previous period was -$21.59 million in 2023. Find out what analysts predict for Radware in the coming months.

What is Radware's operating income?

Radware's total operating income in 2024 was -$3.89 million, based on the following breakdown:

Total Gross Profit: $221.63 million
Total Operating Expenses: $225.52 million

How has Radware revenue changed over the last 10 years?

Over the last 10 years, Radware's total revenue changed from $221.89 million in 2014 to $274.88 million in 2024, a change of 23.9%.

How much debt does Radware have?

Radware's total liabilities were at $261.60 million at the end of 2024, a 5.2% increase from 2023, and a 140.3% increase since 2014.

How much cash does Radware have?

In the past 10 years, Radware's cash and equivalents has ranged from $33.74 million in 2015 to $98.71 million in 2024, and is currently $98.71 million as of their latest financial filing in 2024.

How has Radware's book value per share changed over the last 10 years?

Over the last 10 years, Radware's book value per share changed from 7.46 in 2014 to 7.58 in 2024, a change of 1.7%.

Related Companies

This page (NASDAQ:RDWR) was last updated on 5/25/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Radware (RDWR) Financials

Frequently Asked Questions About Radware's Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Radware (RDWR) Financials

Annual Income Statements for Radware

Quarterly Income Statements for Radware

Annual Cash Flow Statements for Radware

Quarterly Cash Flow Statements for Radware

Annual Balance Sheets for Radware

Quarterly Balance Sheets for Radware

Annual Metrics And Ratios for Radware

Quarterly Metrics And Ratios for Radware

Frequently Asked Questions About Radware's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools