tradmap

RDWR Financials RADWARE LTD

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 3.8% per year over the past 5 years.
  • Net income has grown faster than revenue (16.0% vs 3.8% per year).
  • Operating margin has expanded, at 3.8% in the latest year.
  • Free cash flow has declined 5.5% per year over the past 5 years.
Revenue & net income
-$22M $140M $302M $0 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
-12% 35% 82% 0% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Return on equity & assets (ROE / ROA)
-8% 2% 12% 0% 2011 2013 2015 2017 2019 2021 2023 2025
ROEROA
Free cash flow (CFO − capex)
-$9M $29M $66M $0 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $53M $105M 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$86M $4M $93M $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
2025 $302M $20M 80.7% 3.8% 5.8% 3.0% $42M — $105M
2024 $275M $6M 80.6% -1.4% 1.9% 1.0% $66M — $99M
2023 $261M -$22M 80.2% -12.1% -7.6% -3.8% -$9M — $71M
2022 $293M -$166000 81.6% -1.1% -0.0% -0.0% $23M — $46M
2021 $286M $8M 81.7% 6.4% 2.1% 1.2% $66M — $93M
2020 $250M $10M 82.0% 2.5% 2.5% 1.5% $55M — $55M
2019 $252M $23M 82.1% 6.7% 5.7% 3.8% $45M — $41M
2018 $234M $12M 82.2% 3.2% 3.2% 2.2% $40M — $45M
2017 $211M -$7M 81.3% -3.2% -2.4% -1.6% $24M — $65M
2016 $197M -$9M 81.8% -6.5% -2.9% -2.0% $29M — $80M
2015 — $19M — — 5.8% 4.3% $25M — $34M
2014 — $25M — — 7.5% 5.6% — — $45M
2013 — $18M — — 6.1% 4.6% — — $20M
2012 — $32M — — 11.7% 8.9% $42M — $20M
2011 — $21M — — 9.7% 7.2% $36M — $17M

Valuation over time

How the market has priced RDWR against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 105.1 210.2 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/E
Price / sales (P/S)
0.0 2.5 4.9 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/S

Frequently asked questions

Is RDWR growing its revenue and profit?

Over the past 5 years, RADWARE LTD's revenue has grown 3.8% per year, and net income grown 16.0% per year. These are computed facts, not advice.

How much debt does RDWR have?

As of FY2025, RADWARE LTD reported — of total debt against $105M of cash.

What is RDWR's profit margin?

In FY2025, gross margin was 80.7%, operating margin 3.8%, and net margin 6.7%.

What is RDWR's P/E ratio?

RADWARE LTD's P/E (TTM) is 71.54 as of the 2026-11-03 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the RDWR stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 71.5× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.