RADWARE LTD RDWR

Industrials SIC 7389 - Services-Business Services, NEC NAICS Administrative and Support and Waste Management and Remediation Services › Administrative and Support Services derived Nasdaq

Last close —
Market cap —
52-week range — - —

No price or market cap here: this company files no 10-K, so the only share count SEC publishes for it counts its ordinary shares in its home market, while its US listing is a depositary receipt standing for some number of them. That number is in no filing, so a price multiplied by that count is not this company's value and is not shown. The financial statements below are as filed.

Valuation FY2025 figures against the last close

P/S—
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS0.45

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $301.9M$274.9M$261.3M$293.4M$286.5M$250.0M$252.1M$234.4M$211.4M$196.6M
Cost of revenue $58.3M$53.3M$51.7M$53.9M$52.4M$45.1M$45.2M$41.7M$39.6M$35.7M
Gross profit $243.5M$221.6M$209.6M$239.5M$234.1M$204.9M$206.9M$192.7M$171.8M$160.9M
R&D $79.0M$74.7M$82.6M$86.6M$74.1M$66.8M$61.8M$57.7M$59.0M$51.7M
SG&A $25.5M$28.3M$32.4M$29.8M$21.9M$18.9M$18.6M$16.1M$17.6M$18.1M
Total operating expenses $232.1M$225.5M$241.3M$242.9M$215.8M$198.8M$190.0M$185.2M$178.4M$173.6M
Operating income $11.4M-$3.9M-$31.7M-$3.3M$18.2M$6.2M$16.9M$7.5M-$6.7M-$12.7M
Pre-tax income $29.3M$12.7M-$17.8M$4.7M$22.6M$14.0M$25.7M$14.8M-$1.8M-$7.0M
Income tax $9.1M$6.6M$3.8M$4.9M$14.8M$4.3M$3.1M$3.1M$5.7M$1.7M
Net income $20.3M$6.0M-$21.6M-$166.0K$7.8M$9.6M$22.6M$11.7M-$7.5M-$8.7M
EPS, basic 0.470.14-0.500.000.170.210.480.26-0.17-0.20
EPS, diluted 0.450.14-0.500.000.160.200.470.25-0.17-0.20
Shares, diluted (wtd. avg.) 44.7M43.4M42.9M44.9M47.5M47.7M48.5M47.7M43.5M43.9M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $105.1M$98.7M$70.5M$46.2M$92.5M$54.8M$40.8M$45.2M$65.2M$79.6M
Short-term investments $15.9M$73.0M$86.4M$44.2M$39.5M$64.7M————
Receivables $35.0M$16.8M$20.3M$17.8M$13.2M$16.8M$22.6M$17.2M$16.1M$19.4M
Inventory $13.2M$14.0M$15.5M$11.4M$11.6M$13.9M$13.9M$18.4M$18.8M$17.1M
Total current assets $316.5M$320.9M$375.9M$334.4M$320.7M$347.8M$222.0M$359.0M$250.5M$266.8M
Property, plant and equipment $16.5M$15.6M$18.2M$21.1M$20.2M$23.0M$23.0M$23.7M$23.6M$26.4M
Goodwill $68.0M$68.0M$68.0M$68.0M$41.1M$41.1M$41.1M$32.2M$32.2M$30.1M
Other intangibles $7.8M$11.8M$15.7M$19.7M$10.7M$12.6M$14.5M$9.5M$10.4M$2.4M
Total assets $671.2M$618.7M$571.9M$643.6M$635.4M$623.3M$595.2M$532.7M$471.4M$430.3M
Accounts payable $7.2M$5.6M$4.3M$6.5M$4.3M$3.9M$6.3M$4.5M$5.4M$6.0M
Total current liabilities $194.3M$168.5M$155.0M$164.0M$165.9M$143.7M$125.5M$118.0M$107.4M$85.3M
Retained earnings $146.1M$125.8M$119.8M$141.4M$141.6M$133.8M$124.1M$101.6M$82.3M$89.8M
Total equity $349.4M$316.3M$323.3M$368.4M$370.0M$388.5M$395.3M$364.0M$315.4M$299.8M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $50.1M$71.6M-$3.5M$32.1M$71.8M$63.9M$52.9M$49.3M$31.5M$38.5M
Depreciation and amortisation $11.7M$11.8M$12.2M$11.7M$10.2M$10.6M$11.3M$9.8M$11.2M$10.4M
Stock-based compensation $24.0M$26.0M$34.0M$27.4M$17.6M$16.5M$13.1M$12.5M$13.0M$11.5M
Capital expenditure $8.5M$5.3M$5.4M$8.8M$5.6M$8.7M$8.2M$8.9M$7.2M$9.4M
Investing cash flow -$30.1M-$39.5M$92.8M-$56.0M$7.8M-$14.4M-$50.8M-$85.5M-$56.3M$28.4M
Financing cash flow -$13.7M-$3.9M-$64.9M-$22.5M-$41.9M-$35.5M-$6.5M$16.2M$10.5M-$20.9M
Buybacks $10.5M$839.0K$63.2M$59.5M$52.5M$45.3M$24.5M$4.3M$413.0K$22.0M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001178913-26-001923.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -100M 0 100M 200M 300M 400M Revenue, FY2016: 196.6M Gross profit, FY2016: 160.9M Net income, FY2016: -8.7M Revenue, FY2017: 211.4M Gross profit, FY2017: 171.8M Net income, FY2017: -7.5M Revenue, FY2018: 234.4M Gross profit, FY2018: 192.7M Net income, FY2018: 11.7M Revenue, FY2019: 252.1M Gross profit, FY2019: 206.9M Net income, FY2019: 22.6M Revenue, FY2020: 250M Gross profit, FY2020: 204.9M Net income, FY2020: 9.6M Revenue, FY2021: 286.5M Gross profit, FY2021: 234.1M Net income, FY2021: 7.8M Revenue, FY2022: 293.4M Gross profit, FY2022: 239.5M Net income, FY2022: -166K Revenue, FY2023: 261.3M Gross profit, FY2023: 209.6M Net income, FY2023: -21.6M Revenue, FY2024: 274.9M Gross profit, FY2024: 221.6M Net income, FY2024: 6M Revenue, FY2025: 301.9M Gross profit, FY2025: 243.5M Net income, FY2025: 20.3M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $196.6M $211.4M $234.4M $252.1M $250.0M $286.5M $293.4M $261.3M $274.9M $301.9M
Gross profit $160.9M $171.8M $192.7M $206.9M $204.9M $234.1M $239.5M $209.6M $221.6M $243.5M
Net income -$8.7M -$7.5M $11.7M $22.6M $9.6M $7.8M -$166.0K -$21.6M $6.0M $20.3M

Others in SIC 7389

TickerCompanyMarket capP/ERevenue growth
MA Mastercard Inc $550.02B 37.7x 16.4%
ACN Accenture plc $152.67B 20.5x 7.4%
UBER Uber Technologies, Inc $136.24B 14.1x 18.3%
MELI MERCADOLIBRE INC $91.77B 45.9x 34.3%
DASH DoorDash, Inc. $77.93B 84.2x 27.9%
EBAY EBAY INC $54.03B 28.0x 7.9%
PYPL PayPal Holdings, Inc. $50.30B 10.5x 4.3%
MSCI MSCI Inc. $44.76B 39.2x 9.7%