RDWR on Nasdaq
Logo: Radware, Public domain, via Wikimedia Commons5
Israeli cybersecurity company
Radware Ltd. is an American provider of cybersecurity and application delivery products for physical, cloud and software-defined data centers. Radware's corporate headquarters are located in Mahwah, New Jersey. The company also has offices in Europe, Africa and Asia Pacific regions.3 Its shares trade on Nasdaq under the symbol RDWR.1 Wikipedia text CC BY-SA 4.0
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Last updated Oct 20, 2026.
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Radware Ltd. is an American provider of cybersecurity and application delivery products for physical, cloud and software-defined data centers. Radware's corporate headquarters are located in Mahwah, New Jersey. The company also has offices in Europe, Africa and Asia Pacific regions. The company's global headquarters is in Israel. Radware is a member of the Rad Group of companies and its shares are traded on NASDAQ.3
From the company’s reports to the SEC. Every number links to the filing it came from.
Revenue by product, business segment and region, as the company reports it to the SEC.
Subscription brought in 51% of the revenue Radware broke down this way in fiscal 2025.
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Subscription | $128.2M | $155.0M | |
| Service 1 | $100.4M | $94.5M | |
| Product1Member | $46.3M | $52.3M |
Radware Core brought in 100% of the revenue Radware broke down this way in fiscal 2025.
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| Radware Core | $260.3M | $274.4M | $301.2M |
| Hawks | $970.0K | $496.0K | $628.0K |
Europe Middle East Africa brought in 37% of the revenue Radware broke down this way in fiscal 2025.
| Regions | 2023 | 2024 | 2025 |
|---|---|---|---|
| Europe Middle East Africa | $96.5M | $94.1M | $111.3M |
| United States | $73.0M | $83.4M | $92.7M |
| Asia Pacific | $61.4M | $63.1M | $66.1M |
| America - other | $30.5M | $34.3M | $31.8M |
Out of $301.9M in revenue.6
Out of $50.1M of cash from operations.6
No quarterly figures reported.
Every line of the income statement as filed: the last 3 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Total revenues | $301.9M | $274.9M | $261.3M |
| Total cost of revenues | $58.3M | $53.3M | $51.7M |
| Gross profit | $243.5M | $221.6M | $209.6M |
| Research and development, net | $79.0M | $74.7M | $82.6M |
| Sales and marketing | $127.6M | $122.5M | $126.2M |
| General and administrative | $25.5M | $28.3M | $32.4M |
| Total operating expenses, net | $232.1M | $225.5M | $241.3M |
| Operating income (loss) | $11.4M | -$3.9M | -$31.7M |
| Financial income, net | $17.9M | $16.6M | $13.9M |
| Income (loss) before taxes on income | $29.3M | $12.7M | -$17.8M |
| Income Tax Expense (Benefit) | $9.1M | $6.6M | $3.8M |
| Net income (loss) attributable to Radware Ltd.s shareholders | $20.3M | $6.0M | -$21.6M |
| Basic net earnings (loss) per share | $0.47 | $0.14 | -$0.50 |
| Diluted net earnings (loss) per share | $0.45 | $0.14 | -$0.50 |
| Weighted-average shares used to compute net income (loss) per share, Basic | 42.9M shares | 42.0M shares | 42.9M shares |
| Weighted-average shares used to compute net income (loss) per share, Diluted | 44.7M shares | 43.4M shares | 42.9M shares |
No quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $105.1M | $98.7M | ||
| Marketable securities | $15.9M | $73.0M | ||
| Short-term bank deposits | $136.3M | $104.1M | ||
| Trade receivables, net | $35.0M | $16.8M | ||
| Other current assets and prepaid expenses | $11.0M | $14.2M | ||
| Inventories | $13.2M | $14.0M | ||
| Total current assets | $316.5M | $320.9M | ||
| Marketable securities | $71.4M | $29.5M | ||
| Long-term bank deposits | $131.9M | $114.4M | ||
| Other assets | $2.8M | $2.2M | ||
| Total long-term investments | $206.2M | $146.0M | ||
| Property and equipment, net | $16.5M | $15.6M | ||
| Operating lease right-of-use assets | $15.6M | $18.5M | ||
| Intangible assets, net | $7.8M | $11.8M | ||
| Goodwill | $68.0M | $68.0M | ||
| Other long-term assets | $40.6M | $37.9M | ||
| Total assets | $671.2M | $618.7M | ||
| Trade payables | $7.2M | $5.6M | ||
| Deferred revenues | $112.1M | $106.3M | ||
| Operating lease liabilities | $5.1M | $4.8M | ||
| Employees and payroll accruals | $36.8M | $32.0M | ||
| Other payables and accrued expenses | $33.2M | $19.8M | ||
| Total current liabilities | $194.3M | $168.5M | ||
| Deferred revenues | $65.8M | $64.7M | ||
| Operating lease liabilities | $12.0M | $13.5M | ||
| Other long-term liabilities | $8.5M | $14.9M | ||
| Total long-term liabilities | $86.2M | $93.1M | ||
| Ordinary shares of New Israeli Shekel (NIS) 0.05 par value - Authorized: 90,000,000 at December 31, 2025 and 2024; Issued: 64,059,411 and 63,008,264 shares at December 31, 2025 and 2024, respectively; Outstanding: 43,145,971 and 42,554,602 shares at December 31, 2025 and 2024, respectively | $770.0K | $754.0K | ||
| Additional paid-in capital | $578.7M | $555.2M | ||
| Treasury shares 20,913,440 and 20,453,662 of ordinary shares at December 31, 2025 and 2024, respectively | -$377.6M | -$366.6M | ||
| Accumulated other comprehensive income | $1.4M | $1.1M | ||
| Retained earnings | $146.1M | $125.8M | ||
| Total Radware Ltd. shareholders' equity | $349.4M | $316.3M | ||
| Non-controlling interest | $41.3M | $40.8M | ||
| Total shareholders equity | $390.7M | $357.1M | $323.3M | $368.4M |
| Total liabilities and shareholders equity | $671.2M | $618.7M | ||
| Ordinary shares, par value | 0.05 ILS | 0.05 ILS | ||
| Ordinary shares, shares authorized | 90.0M shares | 90.0M shares | ||
| Ordinary shares, shares issued | 64.1M shares | 63.0M shares | ||
| Ordinary shares, shares outstanding | 43.1M shares | 42.6M shares | ||
| Treasury shares | 20.9M shares | 20.5M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $105.1M | $98.7M | ||
| Marketable securities | $15.9M | $73.0M | ||
| Short-term bank deposits | $136.3M | $104.1M | ||
| Trade receivables, net | $35.0M | $16.8M | ||
| Other current assets and prepaid expenses | $11.0M | $14.2M | ||
| Inventories | $13.2M | $14.0M | ||
| Total current assets | $316.5M | $320.9M | ||
| Marketable securities | $71.4M | $29.5M | ||
| Long-term bank deposits | $131.9M | $114.4M | ||
| Other assets | $2.8M | $2.2M | ||
| Total long-term investments | $206.2M | $146.0M | ||
| Property and equipment, net | $16.5M | $15.6M | ||
| Operating lease right-of-use assets | $15.6M | $18.5M | ||
| Intangible assets, net | $7.8M | $11.8M | ||
| Goodwill | $68.0M | $68.0M | ||
| Other long-term assets | $40.6M | $37.9M | ||
| Total assets | $671.2M | $618.7M | ||
| Trade payables | $7.2M | $5.6M | ||
| Deferred revenues | $112.1M | $106.3M | ||
| Operating lease liabilities | $5.1M | $4.8M | ||
| Employees and payroll accruals | $36.8M | $32.0M | ||
| Other payables and accrued expenses | $33.2M | $19.8M | ||
| Total current liabilities | $194.3M | $168.5M | ||
| Deferred revenues | $65.8M | $64.7M | ||
| Operating lease liabilities | $12.0M | $13.5M | ||
| Other long-term liabilities | $8.5M | $14.9M | ||
| Total long-term liabilities | $86.2M | $93.1M | ||
| Ordinary shares of New Israeli Shekel (NIS) 0.05 par value - Authorized: 90,000,000 at December 31, 2025 and 2024; Issued: 64,059,411 and 63,008,264 shares at December 31, 2025 and 2024, respectively; Outstanding: 43,145,971 and 42,554,602 shares at December 31, 2025 and 2024, respectively | $770.0K | $754.0K | ||
| Additional paid-in capital | $578.7M | $555.2M | ||
| Treasury shares 20,913,440 and 20,453,662 of ordinary shares at December 31, 2025 and 2024, respectively | -$377.6M | -$366.6M | ||
| Accumulated other comprehensive income | $1.4M | $1.1M | ||
| Retained earnings | $146.1M | $125.8M | ||
| Total Radware Ltd. shareholders' equity | $349.4M | $316.3M | ||
| Non-controlling interest | $41.3M | $40.8M | ||
| Total shareholders equity | $390.7M | $357.1M | $323.3M | $368.4M |
| Total liabilities and shareholders equity | $671.2M | $618.7M | ||
| Ordinary shares, par value | 0.05 ILS | 0.05 ILS | ||
| Ordinary shares, shares authorized | 90.0M shares | 90.0M shares | ||
| Ordinary shares, shares issued | 64.1M shares | 63.0M shares | ||
| Ordinary shares, shares outstanding | 43.1M shares | 42.6M shares | ||
| Treasury shares | 20.9M shares | 20.5M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income | $20.3M | $6.0M | -$21.6M |
| Depreciation and amortization | $11.7M | $11.8M | $12.2M |
| Share-based compensation | $24.0M | $26.0M | $34.0M |
| Loss on sale of marketable securities | $0 | $0 | $243.0K |
| Amortization of premiums, accretion of discounts and accrued interest on marketable securities, net | $1.0K | -$417.0K | $1.8M |
| Changes in accrued interest on bank deposits | -$7.7M | $3.4M | -$3.3M |
| Increase (decrease) in accrued severance pay, net | $193.0K | -$45.0K | -$299.0K |
| Decrease (increase) in trade receivables, net | -$18.2M | $3.4M | -$2.5M |
| Changes in deferred income taxes, net | -$733.0K | -$1.1M | -$551.0K |
| Decrease (increase) in other assets and prepaid expenses | -$3.8M | $987.0K | $246.0K |
| Decrease (increase) in inventories | $810.0K | $1.5M | -$4.1M |
| Increase (decrease) in trade payables | $1.7M | $1.3M | -$2.2M |
| Increase (decrease) in deferred revenues | $6.8M | $5.5M | -$15.0M |
| Increase (decrease) in other payables and accrued expenses | $13.5M | $13.3M | -$1.4M |
| Operating lease right-of-use assets | $4.7M | $4.2M | $3.9M |
| Operating lease liabilities | -$3.1M | -$4.3M | -$5.1M |
| Net cash provided by (used in) operating activities | $50.1M | $71.6M | -$3.5M |
| Purchase of property and equipment | -$8.5M | -$5.3M | -$5.4M |
| Proceeds from other long-term assets | $58.0K | $81.0K | $66.0K |
| Investment in (proceeds from) other deposits | $5.0M | -$5.0M | $0 |
| Proceeds from (investing in) bank deposits | -$42.0M | -$48.1M | $81.0M |
| Purchase of marketable securities | -$65.4M | -$110.1M | -$33.3M |
| Proceeds from maturity of marketable securities | $73.2M | $125.0M | $46.2M |
| Proceeds from sale of marketable securities | $7.7M | $4.0M | $4.2M |
| Net cash (used in) provided by investing activities | -$30.1M | -$39.5M | $92.8M |
| Proceeds from exercise of share options | $0 | $3.0K | $371.0K |
| Payment of contingent consideration related to acquisition | -$3.2M | -$3.1M | -$2.1M |
| Repurchase of ordinary shares | -$10.5M | -$839.0K | -$63.2M |
| Net cash used in financing activities | -$13.7M | -$3.9M | -$64.9M |
| Increase in cash and cash equivalents | $6.4M | $28.2M | $24.4M |
| Cash paid during the year for taxes on income | $2.2M | $921.0K | $4.0M |
| Right-of-use assets recognized with corresponding lease liabilities | $1.9M | $1.9M | $1.6M |
No quarter-by-quarter statement was filed.
Radware sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Radware
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What Radware reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $105.9M6 Dec 31, 2025 | $117.4M6 Dec 31, 2024 | −9.8% |
| Accumulated depreciation | $89.4M6 Dec 31, 2025 | $101.8M6 Dec 31, 2024 | −12.1% |
| Property and equipment, net | $16.5M6 Dec 31, 2025 | $15.6M6 Dec 31, 2024 | +5.2% |
| Operating-lease assets (leased space) | $15.6M6 Dec 31, 2025 | $18.5M6 Dec 31, 2024 | −15.3% |
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $105.1M6 Dec 31, 2025 | $98.7M6 Dec 31, 2024 | +6.4% |
| Marketable securities, current | $15.9M6 Dec 31, 2025 | $73.0M6 Dec 31, 2024 | −78.2% |
| Marketable securities, non-current | $71.4M6 Dec 31, 2025 | $29.5M6 Dec 31, 2024 | +141.8% |
| Long-term investments | $206.2M6 Dec 31, 2025 | $146.0M6 Dec 31, 2024 | +41.2% |
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $68.0M6 Dec 31, 2025 | $68.0M6 Dec 31, 2024 | 0% |
| Intangible assets, net (excluding goodwill) | $7.8M6 Dec 31, 2025 | $11.8M6 Dec 31, 2024 | −33.8% |
| Finite-lived intangibles, gross | $55.4M6 Dec 31, 2025 | $55.4M6 Dec 31, 2024 | 0% |
| Accumulated amortization | $47.6M6 Dec 31, 2025 | $43.7M6 Dec 31, 2024 | +9.1% |
| Finite-lived intangibles, net | $7.8M6 Dec 31, 2025 | $11.8M14 Dec 31, 2024 | −33.8% |
| Item | Latest | A year before | Change |
|---|---|---|---|
| Inventory, total | $13.2M6 Dec 31, 2025 | $14.0M6 Dec 31, 2024 | −5.8% |
| Work in process | $21.0K6 Dec 31, 2025 | $658.0K6 Dec 31, 2024 | −96.8% |
| Finished goods | $10.6M6 Dec 31, 2025 | $11.2M6 Dec 31, 2024 | −5.4% |
Things Wikidata records the company as owning, with the share when stated.1
Radware co-founder Roy Zisapel has served as president, chief executive officer and Director since the company's inception in April 1997. In 1999, the company had an initial public offering and was listed on the NASDAQ stock exchange. Zisapel holds a 3.4 percent stake in the company. His father, Yehuda Zisapel, is the largest shareholder, with a 15 percent stake.
From Wikipedia’s article on Radware, shared under CC BY-SA 4.0.8
Who has led Radware, and when. Pick a name to see everywhere that person has worked.
Listed on Wikidata.1
Radware's products and services include cloud services (Cloud WAF, Cloud DDoS Protection, Cloud Workload Protection, Cloud Web Acceleration, Cloud Malware Protection, and Bot Manager), application and network security (DefensePro, AppWall, DefenseFlow), application delivery and load balancing (Alteon, AppWall, FastView, AppXML, LinkProof NG), and management and monitoring (Cyber Controller, APSolute Vision, MSSP Portal, Application Performance Monitoring, vDirect).
The company sells its products worldwide through distributors and resellers located in the Americas, Europe, Middle East, Africa and Asia Pacific. Its customers include financial services, insurance, e-Commerce, manufacturing, retail, government, healthcare, education, and transportation services and carriers. Radware's more than 12,500 customers include Switch, Hexatom, QuadraNet, ProtonMail, Convergys, SingleHop, OnlineTech, Limelight Networks, BlackMesh and Brinkster.
From Wikipedia’s article on Radware, shared under CC BY-SA 4.0.8
From Wikidata.1
In January 2019, Radware expanded its cloud security portfolio with the acquisition of ShieldSquare, a market-leading bot management provider. In January 2017, Radware acquired Seculert, a SaaS cloud-based provider of protection against enterprise network breach and data exfiltration. In February 2013, Radware acquired Strangeloop Networks, a leader in web performance optimization (WPO) services for e-commerce and enterprise applications. In April 2007, Radware acquired Covelight Systems, a provider of web application auditing and monitoring tools. In February 2009, Radware acquired Nortel's application delivery business. In November 2005, Radware acquired V-Secure Technologies, a leading provider of behavioral-based network intrusion prevention products.
From Wikipedia’s article on Radware, shared under CC BY-SA 4.0.8
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
176 filings to the SEC since October 2021: 5 annual reports, 27 insider forms, 38 large holders, 106 other. The latest 20:
The 176 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
7 open-market trades by officers, directors and large owners since October 2021: 1 buys and 6 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 17, 2026 | Aviv David MelehChief Technology Officer | Sale | 15,000 | $30.71 | $460.6K | Form 4 |
| Aug 27, 2026 | Malka GabrielChief Operating Officer | Sale | 6,500 | $30.00 | $195.0K | Form 4 |
| Jul 31, 2026 | Avidan GuyChief Financial Officer | Buy | 2,000 | $25.21 | $50.4K | Form 4 |
| Jul 9, 2026 | Goldriech RivkahChief People Officer | Sale | 750 | $32.00 | $24.0K | Form 4 |
| May 29, 2026 | Malka GabrielChief Operating Officer | Sale | 7,000 | $30.00 | $210.0K | Form 4 |
| May 22, 2026 | Goldriech RivkahChief People Officer | Sale | 1,375 | $29.50 | $40.6K | Form 4 |
| May 8, 2026 | Malka GabrielChief Operating Officer | Sale | 3,111 | $29.00 | $90.2K | Form 4 |
From Forms 4 filed with the SEC.
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
How Radware is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
SD (13), UPLOAD (11), SCHEDULE 13G/A (10), CORRESP (9), SCHEDULE 13G (8), SC 13D/A (4), 20-F/A (3), S-8 POS (2), SC 13D (2), 6-K/A (1)
| Class | Symbol | Exchange |
|---|---|---|
| Ordinary Shares, | RDWR | Nasdaq |
From the cover page of the 20-F filed Mar 31, 2026 (Section 12(b) of the Exchange Act).37
The numbers on this page point here. Each one links to the record it came from.
