Radware Ltd. (RDWR)

Radware Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	281.87	274.88	261.29	293.43	286.5	250.03
Revenue Growth (YoY)	9.54%	5.20%	-10.95%	2.42%	14.59%	-0.81%
Cost of Revenue	54.43	53.25	51.71	53.88	52.45	45.08
Gross Profit	227.44	221.63	209.58	239.54	234.05	204.94
Selling, General & Admin	152.26	151.49	159.77	156.32	141.73	131.94
Research & Development	74.6	74.72	82.62	86.56	74.1	66.84
Operating Expenses	226.87	226.22	242.39	242.88	215.83	198.78
Operating Income	0.58	-4.59	-32.81	-3.34	18.23	6.17
Interest & Investment Income	14.73	13.12	11.38	5.14	4.13	5.92
Currency Exchange Gain (Loss)	-1.58	-1.24	0.2	1.3	-1.82	-2.27
Other Non Operating Income (Expenses)	-0.24	-0.24	-0.2	-0.21	-0.2	-0.19
EBT Excluding Unusual Items	13.49	7.06	-21.43	2.89	20.34	9.63
Gain (Loss) on Sale of Investments	4.9	4.9	2.54	1.82	2.29	4.34
Other Unusual Items	0.7	0.7	1.13	-	-	-
Pretax Income	19.16	12.67	-17.75	4.71	22.63	13.96
Income Tax Expense	7.56	6.63	3.84	4.88	14.82	4.33
Net Income	11.6	6.04	-21.59	-0.17	7.81	9.64
Net Income to Common	11.6	6.04	-21.59	-0.17	7.81	9.64
Net Income Growth	-	-	-	-	-18.94%	-57.30%
Shares Outstanding (Basic)	42	42	43	45	46	46
Shares Outstanding (Diluted)	44	43	43	45	48	48
Shares Change (YoY)	3.97%	1.15%	-4.61%	-5.39%	-0.50%	-1.62%
EPS (Basic)	0.27	0.14	-0.50	-0.00	0.17	0.21
EPS (Diluted)	0.27	0.14	-0.50	-0.00	0.16	0.20
EPS Growth	-	-	-	-	-20.00%	-57.45%
Free Cash Flow	68.31	66.33	-8.93	23.33	66.17	55.19
Free Cash Flow Per Share	1.55	1.53	-0.21	0.52	1.39	1.16
Gross Margin	80.69%	80.63%	80.21%	81.64%	81.69%	81.97%
Operating Margin	0.21%	-1.67%	-12.56%	-1.14%	6.36%	2.47%
Profit Margin	4.12%	2.20%	-8.26%	-0.06%	2.73%	3.85%
Free Cash Flow Margin	24.23%	24.13%	-3.42%	7.95%	23.10%	22.07%
EBITDA	12.62	7.25	-20.56	8.35	26.56	16.73
EBITDA Margin	4.48%	2.64%	-7.87%	2.85%	9.27%	6.69%
D&A For EBITDA	12.05	11.84	12.24	11.69	8.34	10.56
EBIT	0.58	-4.59	-32.81	-3.34	18.23	6.17
EBIT Margin	0.21%	-1.67%	-12.56%	-1.14%	6.36%	2.47%
Effective Tax Rate	39.45%	52.33%	-	103.52%	65.49%	30.99%
Revenue as Reported	274.88	274.88	261.29	293.43	286.5	250.03

Updated May 7, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q