Quality Investor

RDWR

Rank #165

Rank #165 by gross profitability (GP/assets 0.36) · ROE 5.8% · Piotroski F-Score 6 / 9.

As-of 2026-07-22 · CIK 0001094366 · all metrics point-in-time as of the filing date.

Financials

Stable

Direction over 5 fiscal years

  • Free cash flowstable
  • Gross marginstable
  • Gross profitabilitystable
  • Net cashimproving
  • Operating margindeteriorating
  • Return on equityimproving
  • Share count (dilution)deteriorating

Monitoring diagnostic of business direction — not a prediction of returns.

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.

USD in millions, except per-share (EPS) and percentage rows. Values are as originally filed; em-dash = not tagged in that year's filing.
Fiscal year end2025-12-31filed 2026-03-312024-12-31filed 2025-03-282023-12-31filed 2024-03-252022-12-31filed 2023-03-30
Income statement
Revenue301.9274.9261.3293.4
Revenue growth (YoY)9.8%5.2%-11.0%2.4%
Gross profit243.5221.6209.6239.5
Gross margin80.7%80.6%80.2%81.6%
Net income20.36.0(21.6)(0.2)
Net margin6.7%2.2%-8.3%-0.1%
EPS (diluted)$0.45$0.14-$0.50$0.00
EPS growth (YoY)221.4%128.0%
Cash flow
Operating cash flow50.171.6(3.5)32.1
Capital expenditures8.55.35.48.8
Free cash flow41.666.3(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?