Radware (RDWR) Financials

$21.10 +0.23 (+1.10%)

Closing price 04:00 PM Eastern

Extended Trading

$21.11 +0.01 (+0.05%)

As of 04:05 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	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	25	19	-8.66	-7.49	12	23	9.64	7.81	-0.17	-22	6.04
Consolidated Net Income / (Loss)	25	19	-8.66	-7.49	12	23	9.64	7.81	-0.17	-22	6.04
Net Income / (Loss) Continuing Operations	25	19	-8.66	-7.49	12	23	9.64	7.81	-0.17	-22	6.04
Total Pre-Tax Income	31	24	-7.01	-1.84	15	26	14	23	4.71	-18	13
Total Operating Income	25	18	-13	-6.67	7.52	17	6.17	18	-3.34	-32	-3.89
Total Gross Profit	182	178	161	172	193	207	205	234	240	210	222
Total Revenue	222	217	197	211	234	252	250	286	293	261	275
Total Cost of Revenue	40	38	36	40	42	45	45	52	54	52	53
Total Operating Expenses	157	160	174	178	185	190	199	216	243	241	226
Selling, General & Admin Expense	20	17	18	18	16	19	19	22	30	32	28
Marketing Expense	93	93	104	109	111	110	113	120	127	126	122
Research & Development Expense	44	50	52	59	58	62	67	74	87	83	75
Total Other Income / (Expense), net	5.80	5.87	5.74	4.83	7.27	8.79	7.80	4.41	8.05	14	17
Other Income / (Expense), net	5.80	5.87	5.74	4.83	7.27	8.79	7.80	4.41	8.05	14	17
Income Tax Expense	5.93	5.30	1.65	5.65	3.06	3.14	4.33	15	4.88	3.84	6.63
Basic Earnings per Share	$0.55	$0.40	($0.20)	($0.17)	$0.26	$0.48	$0.21	$0.17	$0.00	($0.50)	$0.14
Weighted Average Basic Shares Outstanding	46.93M	44.78M	43.19M	44.13M	46.35M	46.82M	46.46M	45.92M	44.94M	42.87M	41.98M
Diluted Earnings per Share	$0.53	$0.40	($0.20)	($0.17)	$0.25	$0.47	$0.20	$0.16	$0.00	($0.50)	$0.14
Weighted Average Diluted Shares Outstanding	46.93M	44.78M	43.19M	44.13M	46.35M	48.52M	47.74M	47.50M	44.94M	42.87M	43.36M
Weighted Average Basic & Diluted Shares Outstanding	46.93M	44.78M	43.19M	44.13M	46.35M	46.99M	46.46M	45.87M	44.31M	41.70M	42.55M

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

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

No quarterly balance sheets for Radware are available.

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

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

No quarterly metrics and ratios for Radware are available.

Frequently Asked Questions About Radware's Financials

When does Radware's fiscal year end?

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

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%.

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This page (NASDAQ:RDWR) was last updated on 4/15/2025 by MarketBeat.com Staff

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Radware (RDWR) Financials

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