Radware Ltd.
Rank #163ValueRDWR · Nasdaq · Technology
Radware Ltd. (RDWR) — Rank #163 by gross profitability (GP/assets 0.36) · ROE 5.8% · Piotroski F-Score 6 / 9.
As-of 2026-09-15 · CIK 0001094366 · all metrics point-in-time as of the filing date.
About
Radware Ltd., together with its subsidiaries, develops, manufactures, and markets cyber security and application delivery solutions for cloud, on-premises, and software defined data centers.
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The company operates in two segments, Radware's Core Business and The Hawks' Business. It offers cloud application protection service, cloud WAF, bot manager, API protection, web DDoS protection, client-side protection, threat intelligence, Kubernetes WAAP, and Alteon integrated WAF; cloud DDoS protection service, web DDoS protection defencepro X, cyber controller, AI SOC Xpert, and firewall-as-a-service; and Alteon, linkproof NG, and SSL inspection services. The company serves healthcare, government, online business, SaaS, education, open banking, MSSP solutions, and financial services through independent distributors, which include value added resellers, original equipment manufacturers, and system integrators. It operates in the United States, the Asia Pacific, Europe, the Middle East, Africa, and internationally. Radware Ltd.
was incorporated in 1996 and is headquartered in Tel Aviv-Yafo, Israel.
- Industry
- Software - Infrastructure
- Sector
- Technology
- Filer Category
- Large accelerated filer
- Fiscal Year End
- December 31
- Website
- radware.com
Financials
Each fiscal year is read as-of that year’s own 10-K filing, so nothing restated after the fact leaks backwards. Line items this filer never tagged are omitted. Hover or tap a badge for the diagnostic behind it.
| Fiscal year end | 2025-12-31filed 2026-03-31 | 2024-12-31filed 2025-03-28 | 2023-12-31filed 2024-03-25 | 2022-12-31filed 2023-03-30 |
|---|---|---|---|---|
| Operating | ||||
| Depreciation & amortization | 11.7 | 11.8 | 12.2 | 11.7 |
| Stock-based compensation | 24.0 | 26.0 | 34.0 | 27.4 |
| Change in receivables | 18.2 | (3.4) | 2.5 | 4.6 |
| Change in inventory | (0.8) | (1.5) | 4.1 | (0.2) |
| Change in payables | 1.7 | 1.3 | (2.2) | 2.2 |
| Operating cash flow | 50.1 | 71.6 | (3.5) | 32.1 |
| Investing | ||||
| Capital expenditures | 8.5 | 5.3 | 5.4 | 8.8 |
| Acquisitions, net of cash | — | 0.0 | 0.0 | 30.0 |
| Investing cash flow | (30.1) | (39.5) | 92.8 | (56.0) |
| Financing | ||||
| Share repurchases | 10.5 | 0.8 | 63.2 | 59.5 |
| Financing cash flow | (13.7) | (3.9) | (64.9) | (22.5) |
| Summary | ||||
| Free cash flow | 41.6 | 66.3 | (8.9) | 23.3 |
Figures are as originally filed with the SEC (point-in-time), not restated, so they can differ slightly from sites that show later-restated numbers. Why point-in-time?