Radware LTD income statement

In fiscal 2025, Radware LTD reported revenue of $302m, up 9.8% on the year before, operating income of $11.4m (a 3.8% margin) and net income of $20.3m, or $0.45 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

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

Radware LTD: income statement, 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
Revenue	109	144	167	189	193	222	217	197	211	234	252	250	286	293	261	275	302
Cost of revenue	23	29	33	36	37	40	38	36	40	42	45	45	52	54	52	53	58
Gross profit	86	115	134	153	156	182	178	161	172	193	207	205	234	240	210	222	244
Research and development	26	32	36	36	41	44	50	52	59	58	62	67	74	87	83	75	79
Selling and marketing	55	65	70	77	83	93	93	104	109	111	110	113	120	127	126	122	128
General and administrative	12	10	10	10	15	20	17	18	18	16	19	19	22	30	32	28	26
Operating income	−7	8	18	31	18	25	18	−13	−7	8	17	6	18	−3	−32	−4	11
Income before tax	−5	11	23	36	22	31	24	−7	−2	15	26	14	23	5	−18	13	29
Income tax	1	1	1	4	4	6	5	2	6	3	3	4	15	5	4	7	9
Net income	−6	10	21	32	18	25	19	−9	−7	12	23	10	8	−0	−22	6	20
Diluted EPS	−$0.31	$0.22	$0.47	$0.68	$0.39	$0.53	$0.40	−$0.20	−$0.17	$0.25	$0.47	$0.20	$0.16	$0.00	−$0.50	$0.14	$0.45
Diluted shares (average)	—	43m	46m	47m	47m	47m	47m	44m	43m	48m	49m	48m	48m	45m	43m	43m	45m
EBITDA	3	18	29	41	26	33	27	−2	5	17	28	17	28	8	−19	8	23

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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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.