RDWRNasdaqServices-Business Services, NECUS GAAP · USD

Radware Ltd

Radware Ltd. is a cybersecurity and application delivery company that builds software and cloud-based services for protecting applications, APIs, and digital infrastructure. Its products are used by enterprises and carriers across global markets, with deployments spanning physical, cloud, and software-defined environments.

Liikevaihto302milj. USD
+9,8 %v/v
Liikevoitto (EBIT)11,4milj. USD
+393,5 %v/v
EBIT-marginaali3,8%
+5,2 %-yks.v/v
Nettotulos20,3milj. USD
+235,5 %v/v
Vapaa kassavirta41,6milj. USD
−37,4 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−1000100200300400milj. USD2020: 250 milj. USD2020: EBIT 6,2 milj. USD20202021: 286 milj. USD2021: EBIT 18 milj. USD20212022: 293 milj. USD2022: EBIT −3,3 milj. USD20222023: 261 milj. USD2023: EBIT −32 milj. USD20232024: 275 milj. USD2024: EBIT −3,9 milj. USD20242025: 302 milj. USD2025: EBIT 11 milj. USD202530211
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Application Security45 %

Security tools that protect web applications, APIs, and internet-facing workloads from attacks.

DDoS and Threat Protection25 %

Mitigation services and software for distributed denial-of-service and related threats.

Application Delivery15 %

Traffic management and delivery solutions that support availability, performance, and continuity.

Cloud Services and Subscriptions10 %

Recurring cloud-delivered security and protection services sold on term-based contracts.

Maintenance and Support5 %

Ongoing technical support, updates, and maintenance associated with deployed solutions.

Tuotteet

Raportoitu · osuus liikevaihdosta
51,4%31,3%17,3%FY2025100 %
  • Subscription51,4 %
  • Service131,3 %
  • Product117,3 %

Lähde: 20-F FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

Radware sells mainly to enterprises and carriers that need to protect customer-facing applications, APIs, and network traffic. Buyers typically use the company to secure digital services, keep applications available, and reduce the operational burden of managing attacks and traffic spikes.

Enterprise customers

Buy application security, bot defense, and delivery tools to protect digital services and internal IT.

Carrier and service provider customers

Buy high-capacity protection and delivery solutions to secure network and hosted services.

Cloud and multi-cloud adopters

Use cloud-delivered security for workloads spread across public and hybrid environments.

Digital businesses

Buy API and web protection to reduce fraud, abuse, and downtime on customer-facing platforms.

Strategia

Radware’s core strategy is to combine application security and delivery in one platform so customers can protect availability, performance, and user experience together. The company emphasizes cloud, AI-driven protection, and multi-cloud use cases, which support recurring services and deepen integration into customer environments.

Grow recurring cloud and subscription revenueLyhyt aikaväli

Recurring contracts improve customer stickiness and support predictable renewal-driven business.

Strengthen multi-cloud application protectionKeskipitkä aikaväli

Customers increasingly deploy applications across cloud environments and need consistent security controls.

Increase platform breadth across security and deliveryKeskipitkä aikaväli

Combining protection and application delivery can increase account value and reduce churn.

Maantiede

2025

Radware serves customers worldwide, with a global sales and delivery footprint centered on enterprise and carrier markets. The company appears to operate across North America, Europe, and Asia, and its exposure is influenced by the mix of cloud adoption, cybersecurity spending, and local enterprise demand in those regions.

USA58 %
Asia Pacific42 %

Osuus liikevaihdosta, jonka yhtiö raportoi maantieteellisesti.

Riskit

Radware depends on continued enterprise and carrier spending on cybersecurity, where budgets can be delayed or shifted if customers consolidate vendors or slow deployments. The business also faces technology and execution risk because attack methods evolve quickly, and cloud security vendors compete on detection quality, automation, and ease of deployment.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Cybersecurity competition1Rapidly evolving attack techniques2Customer spending delays3Foreign exchange volatility4
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Cybersecurity competitionVaikutus: KorkeaTodennäköisyys: Korkea

    Customers can choose from many security vendors with overlapping protection features.

    Kohdistuu: application security and delivery platforms

  2. Rapidly evolving attack techniquesVaikutus: KorkeaTodennäköisyys: Korkea

    The company must keep pace with new web, API, bot, and DDoS threats.

    Kohdistuu: AI-driven threat protection

  3. Customer spending delaysVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Security and infrastructure projects can be postponed in softer IT budgets.

    Kohdistuu: enterprise and carrier sales

  4. Foreign exchange volatilityVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    The company sells globally and reports results in a different base currency structure than many customers.

    Kohdistuu: international operations

Kirjanpito

Harkinnanvaraiset erät
Non-GAAP exclusions

Management adjusts for stock compensation, amortization, litigation, acquisition and restructuring items.

Vaikutus: Can make operating performance look different from GAAP results

ARR and recurring revenue metrics

ARR covers cloud services, subscription licenses, and maintenance contracts in force at period end.

Vaikutus: Useful for trend analysis but not equal to reported revenue

Revenue recognition on term-based contracts

Cloud, subscription, and maintenance arrangements may be recognized over time.

Vaikutus: Can create timing differences versus bookings and ARR

Foreign exchange effects

International operations create currency translation and transaction impacts.

Vaikutus: Can move financial income and reported comparability

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 28.9.2026