Radware LTD balance sheet

At the end of fiscal 2025, Radware LTD had total assets of $671m and shareholders' equity of $349m. It held $105m in cash against $0 of debt: net cash of $105m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Radware LTD: balance sheet, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash and equivalents	20	15	17	20	20	45	34	80	65	45	41	55	93	46	71	99	105
Receivables	—	17	13	18	25	26	26	19	16	17	23	17	13	18	20	17	35
Inventory	—	10	12	13	14	17	16	17	19	18	14	14	12	11	16	14	13
Total current assets	—	121	144	123	180	152	178	267	250	359	222	348	321	334	376	321	317
Goodwill	—	24	24	24	30	30	30	30	32	32	41	41	41	68	68	68	68
Total assets	—	261	295	358	389	443	431	430	471	533	595	623	635	644	572	619	671
Accounts payable	—	6	5	10	9	10	9	6	5	4	6	4	4	6	4	6	7
Deferred revenue (current)	—	33	36	36	39	42	46	53	70	84	79	92	100	108	105	106	112
Total current liabilities	—	53	55	61	67	76	77	85	107	118	126	144	166	164	155	168	194
Total debt	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Shareholders' equity	149	185	219	271	294	334	319	300	315	364	395	388	370	332	284	316	349
Net debt (negative = net cash)	−20	−15	−17	−20	−20	−45	−34	−80	−65	−45	−41	−55	−93	−46	−71	−99	−105
Shares outstanding	—	41m	43m	44m	45m	47m	45m	43m	44m	46m	47m	46m	46m	44m	42m	43m	43m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Radware LTD's SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Radware LTD.