Radware (RDWR) Financial Statements & Analysis

Radware (RDWR) Income Statement

Radware reported revenue of $301.85M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 9.8% from $274.88M a year earlier. Net income was $20.26M, up 235.5% year over year, a net margin of 6.7%. Gross margin was 80.7% and operating margin 3.8%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $82.28M, up 10.9% from the same quarter a year earlier.

Radware Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Radware Ltd. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	301.85	274.88	261.29	293.43	286.50	250.03	252.07	234.40	211.37
Cost of Revenue	58.34	53.25	51.71	53.88	52.45	45.08	45.17	41.68	39.62
Gross Profit	243.51	221.63	209.58	239.54	234.05	204.94	206.90	192.73	171.75
Operating Expenses
Research & Development	78.98	74.72	82.62	86.56	74.10	66.84	61.84	57.67	59.00
Selling, General & Administrative	153.36	151.49	158.65	156.32	141.73	131.94	128.14	127.53	126.32
Operating Expenses	232.10	225.52	241.26	242.88	215.83	198.78	189.98	185.21	178.42
Operating Income	11.41	-3.89	-31.68	-3.34	18.23	6.17	16.92	7.52	-6.67
Other Income/Expense
Interest Income	14.67	13.12	14.16	6.89	5.99	9.62	10.66	7.58	5.54
Interest Expense	0.00	0.24	0.20	0.21	0.20	0.19	0.12	0.11	0.09
Other Income/Expense	17.90	16.55	13.93	1.37	4.41	7.80	8.79	7.27	4.83
Income
Income Before Tax	29.31	12.67	-17.75	4.71	22.63	13.96	25.71	14.80	-1.84
Income Tax Expense	9.05	6.63	3.84	4.88	14.82	4.33	3.14	3.06	5.65
Net Income	20.26	6.04	-21.59	-0.17	7.81	9.64	22.57	11.74	-7.49
Net Income - Continuous Operations	20.26	6.04	-21.59	-0.17	7.81	9.64	22.57	11.74	-7.49
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	22.85	7.25	-5.31	8.35	33.03	16.73	28.20	17.31	4.56
EBIT	11.17	-4.59	-31.68	-3.34	18.23	-	-	-	-
Depreciation & Amortization	11.68	11.84	12.24	11.69	10.20	10.56	11.28	9.78	11.23
Earnings Per Share
Basic EPS	-	-	-	-	-	-	-	-	-
Diluted EPS	-	-	-	-	-	-	-	-	-
Basic Shares Outstanding	42.88	41.98	42.87	44.94	45.92	46.46	46.82	46.94	43.48
Diluted Shares Outstanding	44.70	43.36	42.87	44.94	47.50	47.74	48.52	47.69	43.48

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Radware Financial Statements

What was Radware's revenue in fiscal 2025?

Radware reported revenue of $301.85M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 9.8% from $274.88M a year earlier.

Is Radware profitable?

Yes. Radware earned net income of $20.26M in fiscal 2025, a net margin of 6.7%. In fiscal 2024 it earned $6.04M.

What is Radware's operating margin?

Radware's operating income was $11.41M on revenue of $301.85M in fiscal 2025, an operating margin of 3.8%, compared with -1.4% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition