Stocks Consumer discretionary RDWR
NASDAQ · Consumer discretionaryRadware Ltd (RDWR)
Radware Ltd reported revenue of $301.9M in fiscal 2025, up 9.8% from a year earlier. Net income was $20.3M, a net margin of 6.7%. Operating cash flow minus capital spending left $41.6M of free cash flow in fiscal 2025. At December 31, 2025 it held $105.1M in cash. Its latest periodic report to the SEC is the annual report (foreign issuer) (20-F) filed on March 31, 2026.
Key facts about Radware Ltd
- Net worth
- Radware Ltd has a market value (market cap) of $1.4B at the latest share price, and shareholders' equity of $349.4M on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $301.9M (+9.8% year on year), with net income of $20.3M.
- Cash flow
- In fiscal 2025 operations brought in $50.1M of cash; after $8.5M of capital spending, free cash flow was $41.6M.
- Latest report
- The latest periodic report (annual report (foreign issuer), 20-F) was filed with the SEC on March 31, 2026 and covers the period to December 31, 2025. Open on SEC EDGAR
What Radware Ltd does
Radware Ltd is registered with the SEC under industry code SIC 7389 (Services-Business Services, NEC). Its shares trade on NASDAQ under the ticker RDWR.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $301.9M | $20.3M | $0.45 | $41.6M |
| 2024 | $274.9M | $6M | $0.14 | $66.3M |
| 2023 | $261.3M | -$21.6M | -$0.50 | -$8.9M |
| 2022 | $293.4M | -$166K | $0.00 | $23.3M |
| 2021 | $286.5M | $7.8M | $0.16 | $66.2M |
| 2020 | $250M | $9.6M | $0.20 | $55.2M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where RDWR ranks in Consumer discretionary
Latest SEC filings
What Radware Ltd has filed recently, newest first. Each links to the original document on SEC EDGAR.
- October 28, 2026
- October 7, 2026
- August 13, 2026Passive stake changed SCHEDULE 13G/A
- August 12, 2026Passive stake changed SCHEDULE 13G/A
- July 29, 2026
- July 6, 2026
- May 27, 2026
- May 14, 2026
- May 12, 2026Passive stake changed SCHEDULE 13G/A
- May 8, 2026Passive stake (5% or more) SCHEDULE 13G
Insider trades
What the people running Radware Ltd did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $3.6M worth of shares in the last 90 days and bought none on the open market.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| November 2, 2026 | Malka GabrielChief Operating Officer | Sold | 16,461 | $563.5K |
| October 30, 2026 | Tauman YairDirector | Sold | 1,919 | $69.2K |
| October 28, 2026 | Aviv David MelehChief Technology Officer | Sold | 7,500 | $272.1K |
| October 28, 2026 | Goldriech RivkahChief People Officer | Sold | 4,125 | $148.5K |
| October 27, 2026 | Goldriech RivkahChief People Officer | Sold | 24,177 | $838K |
| October 27, 2026 | Goldriech RivkahChief People Officer | Sold | 100 | $3.5K |
| October 27, 2026 | Goldriech RivkahChief People Officer | Received as pay | 8,200 | - |
| October 27, 2026 | Aviv David MelehChief Technology Officer | Sold | 7,500 | $255.9K |
Who owns RDWR
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Artisan Partners Asset Management Inc.13G, passive with 3 related filers | 5.5% | August 13, 2026 |
| Legal & General Group Plc13G, passive with 5 related filers | 5.4% | May 8, 2026 |
| Roy Zisapel13G, passive | 5.06% | April 24, 2025 |
| Amplify Cybersecurity ETF, a series of the Amplify ETF Trust13G, passive | 5.05% | November 14, 2025 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 135 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Senvest Management, LLC | 4,046,559 | 0 |
| Morgan Stanley | 2,413,950 | -641,645 |
| Artisan Partners Limited Partnership | 2,374,480 | -375,200 |
| Legal & General Group Plc | 2,319,800 | +23,888 |
| BlackRock, Inc. | 1,671,483 | +138,002 |
| Neuberger Berman Group LLC | 1,647,378 | +78,888 |
| Renaissance Technologies LLC | 1,277,334 | -110,897 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 837,720 | -68,306 |
| First Trust Advisors LP | 824,933 | -195,737 |
| Rice Hall James & Associates, LLC | 680,853 | -2,410 |
| State Street Corp | 596,856 | +149,833 |
| Nuveen, LLC | 549,993 | +185,025 |
| HERALD INVESTMENT MANAGEMENT Ltd | 456,817 | -193,183 |
| Connor, Clark & Lunn Investment Management Ltd. | 383,881 | +7,802 |
| Defiance ETFs, LLC | 343,965 | -9,133 |
| Polar Capital Holdings Plc | 302,828 | 0 |
| Oberweis Asset Management Inc/ | 286,200 | -500 |
| New York State Common Retirement Fund | 281,155 | -5,104 |
| Citadel Advisors LLC | 256,047 | +231,667 |
| Millennium Management LLC | 243,140 | +188,353 |
Insiders
6 insiders reported holding 2,842,799 shares in total, about $91.1M at the last price.
| Holder | Shares |
|---|---|
| Zisapel RoyPresident & CEO, Director | 2,392,275 |
| Aviv David MelehChief Technology Officer | 246,474 |
| Avidan GuyChief Financial Officer | 106,800 |
| Malka GabrielChief Operating Officer | 42,461 |
| Goldriech RivkahChief People Officer | 39,789 |
| Tauman YairDirector | 15,000 |
Questions about RDWR
What does Radware Ltd do?
Radware Ltd is a company in the Consumer discretionary sector, listed on NASDAQ as RDWR. Its shares trade on NASDAQ under the ticker RDWR.
What is Radware Ltd's net worth?
Radware Ltd has a market value (market cap) of $1.4B at the latest share price, and shareholders' equity of $349.4M on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Radware Ltd profitable?
Yes. In fiscal 2025 it reported net income of $20.3M on revenue of $301.9M, a net margin of 6.7%.
How much revenue does Radware Ltd make?
In fiscal 2025 Radware Ltd reported revenue of $301.9M. That is 9.8% more than a year earlier.
When did Radware Ltd last report?
Its most recent periodic report is the annual report (foreign issuer) (20-F) filed on March 31, 2026. It covers the period to December 31, 2025. Its newest filing of any kind is the insider trade from November 3, 2026.
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Where the numbers come from
Financial figures are the values Radware Ltd tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.