Radware Ltd. | Small-cap | Technology
$26.01
-3.42%
| Radware Stock Comparison:
Radware vs MicrosoftRadware vs OracleRadware vs Progress SoftwareRadware vs LiveRamp HoldingsRadware vs Netscout SystemsRadware vs S&P 500 | Market
TL;DR Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Mar 2025

Income Metrics

Revenue 72.1M
Gross Profit 58.1M 80.59%
Operating Income 1.6M 2.18%
Net Income 4.3M 6.03%
EPS (Diluted) $0.10

Balance Sheet Metrics

Total Assets 645.7M
Total Liabilities 279.6M
Shareholders Equity 366.1M
Debt to Equity 0.76

Cash Flow Metrics

Operating Cash Flow 19.4M
Free Cash Flow 21.3M

Revenue & Profitability Trend

Radware Income Statement From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Revenue i 274.9M 261.3M 293.4M 286.5M 250.0M
Cost of Goods Sold i 53.3M 51.7M 53.9M 52.4M 45.1M
Gross Profit i 221.6M 209.6M 239.5M 234.0M 204.9M
Gross Margin % i 80.6% 80.2% 81.6% 81.7% 82.0%
Operating Expenses
Research & Development i 74.7M 82.6M 86.6M 74.1M 66.8M
Selling, General & Administrative i 150.8M 158.6M 156.3M 141.7M 131.9M
Other Operating Expenses i - - - - -
Total Operating Expenses i 225.5M 241.3M 242.9M 215.8M 198.8M
Operating Income i -3.9M -31.7M -3.3M 18.2M 6.2M
Operating Margin % i -1.4% -12.1% -1.1% 6.4% 2.5%
Non-Operating Items
Interest Income i 18.0M 14.2M 6.9M 6.0M 9.6M
Interest Expense i - - - - -
Other Non-Operating Income -1.2M -40.0K 1.4M -1.4M -1.6M
Pre-tax Income i 12.7M -17.8M 4.7M 22.6M 14.0M
Income Tax i 6.6M 3.8M 4.9M 14.8M 4.3M
Effective Tax Rate % i 52.3% 0.0% 103.5% 65.5% 31.0%
Net Income i 6.0M -21.6M -166.0K 7.8M 9.6M
Net Margin % i 2.2% -8.3% -0.1% 2.7% 3.9%
Key Metrics
EBITDA i 9.2M -19.4M 7.0M 29.8M 18.4M
EPS (Basic) i $0.14 $-0.50 $0.00 $0.17 $0.21
EPS (Diluted) i $0.14 $-0.50 $0.00 $0.16 $0.20
Basic Shares Outstanding i 41982851 42871770 44943168 45919835 46460974
Diluted Shares Outstanding i 41982851 42871770 44943168 45919835 46460974

Income Statement Trend

Radware Balance Sheet From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Assets
Current Assets
Cash & Equivalents i 98.7M 70.5M 46.2M 92.5M 54.8M
Short-term Investments i 177.1M 260.0M 251.9M 195.4M 255.7M
Accounts Receivable i 16.8M 20.3M 17.8M 13.2M 16.8M
Inventory i 14.0M 15.5M 11.4M 11.6M 13.9M
Other Current Assets 14.2M 9.5M 7.2M 8.0M 6.5M
Total Current Assets i 320.9M 375.9M 334.4M 320.7M 347.8M
Non-Current Assets
Property, Plant & Equipment i 18.5M 20.8M 23.1M 24.8M 27.8M
Goodwill i 147.8M 151.7M 155.7M 93.0M 94.9M
Intangible Assets i 11.8M 15.7M 19.7M 10.7M 12.6M
Long-term Investments - - - - -
Other Non-Current Assets 37.9M 38.0M 41.3M 37.3M 32.7M
Total Non-Current Assets i 297.8M 196.0M 309.2M 314.7M 275.5M
Total Assets i 618.7M 571.9M 643.6M 635.4M 623.3M
Liabilities
Current Liabilities
Accounts Payable i 5.6M 4.3M 6.5M 4.3M 3.9M
Short-term Debt i 4.8M 4.7M 4.7M 5.1M 5.2M
Current Portion of Long-term Debt - - - - -
Other Current Liabilities - - - - -
Total Current Liabilities i 168.5M 155.0M 164.0M 165.9M 143.7M
Non-Current Liabilities
Long-term Debt i 13.5M 16.0M 19.5M 22.4M 24.9M
Deferred Tax Liabilities i - - - - -
Other Non-Current Liabilities 14.9M 17.1M 19.4M 10.1M 11.4M
Total Non-Current Liabilities i 93.1M 93.6M 111.1M 99.5M 91.1M
Total Liabilities i 261.6M 248.6M 275.1M 265.4M 234.8M
Equity
Common Stock i 754.0K 742.0K 732.0K 730.0K 721.0K
Retained Earnings i 125.8M 119.8M 141.4M 141.6M 133.8M
Treasury Stock i 366.6M 365.7M 303.3M 243.0M 190.6M
Other Equity - - - - -
Total Shareholders Equity i 357.1M 323.3M 368.4M 370.0M 388.5M
Key Metrics
Total Debt i 18.3M 20.7M 24.1M 27.4M 30.1M
Working Capital i 152.4M 220.9M 170.4M 154.8M 204.1M

Balance Sheet Composition

Radware Cash Flow Statement From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Operating Activities
Net Income i 6.0M -21.6M -166.0K 7.8M 9.6M
Depreciation & Amortization i 11.8M 12.2M 11.7M 10.2M 10.6M
Stock-Based Compensation i 26.0M 34.0M 27.4M 17.6M 16.5M
Working Capital Changes i 11.5M -25.2M 7.3M 18.8M 16.5M
Operating Cash Flow i 58.8M -3.8M 43.7M 56.8M 52.1M
Investing Activities
Capital Expenditures i -5.3M -5.4M -8.8M -5.6M -8.7M
Acquisitions i 0 0 -30.0M 0 0
Investment Purchases i -158.2M -33.3M -62.6M -88.3M -56.9M
Investment Sales i 128.9M 131.4M 45.4M 101.7M 51.3M
Investing Cash Flow i -39.5M 92.8M -56.0M 7.8M -14.4M
Financing Activities
Share Repurchases i -839.0K -63.2M -59.5M -52.5M -45.3M
Dividends Paid i - - - - -
Debt Issuance i - - - - -
Debt Repayment i - - - - -
Financing Cash Flow i -3.9M -65.3M -24.5M -52.5M -47.4M
Free Cash Flow i 66.3M -8.9M 23.3M 66.2M 55.2M
Net Change in Cash i 15.4M 23.7M -36.8M 12.2M -9.7M

Cash Flow Trend

Radware Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 82.75
Forward P/E 28.47
Price to Book 3.34
Price to Sales 4.07
PEG Ratio 0.55

Profitability Ratios

Profit Margin 4.90%
Operating Margin 3.96%
Return on Equity 3.95%
Return on Assets 0.45%

Financial Health

Current Ratio 1.75
Debt to Equity 4.67
Beta 0.99

Per Share Data

EPS (TTM) $0.32
Book Value per Share $7.92
Revenue per Share $6.81

Peer Financial Comparison

Company Market Cap P/E Ratio P/B Ratio ROE Profit Margin Debt/Equity
rdwr 1.2B 82.75 3.34 3.95% 4.90% 4.67
Microsoft 3.8T 39.67 11.86 33.61% 35.79% 32.63
Oracle 844.1B 65.80 33.43 69.24% 21.08% 452.53
Progress Software 2.0B 42.15 4.13 10.75% 5.16% 303.72
LiveRamp Holdings 1.9B 143.21 1.88 1.34% 1.89% 3.70
Netscout Systems 1.9B 25.78 1.24 4.89% 8.72% 2.68

Financial data is updated regularly. All figures are in the company's reporting currency.