Radware Ltd
F:RWA
Radware Ltd
Radware Ltd. engages in the provision of application delivery and cyber security solutions for virtual, cloud, and software defined data centers. The firm's solutions incorporate Distributed Denial of Service protection, Web application firewall (WAF) and Application Delivery Controllers (ADC) technologies to enable its customers to provide cyber-attack mitigation solutions for a range of applications. The firm's products and activities are focused on protecting against cyber-attacks and ensuring optimal application service level for enterprises' and carriers' data centers. Its solutions include application and network security, and application delivery. Its application and network Security products include DefensePro Attack Mitigation Device, AppWall Web Application Firewall, DefenseFlow Cyber Command and Control application, and DefensePipe Cloud Scrubbing Service. Its application delivery products include Alteon NG, LinkProof NG and FastView. Its management solutions include APSolute Vision, application performance monitoring and vDirect.
Radware Ltd. engages in the provision of application delivery and cyber security solutions for virtual, cloud, and software defined data centers. The firm's solutions incorporate Distributed Denial of Service protection, Web application firewall (WAF) and Application Delivery Controllers (ADC) technologies to enable its customers to provide cyber-attack mitigation solutions for a range of applications. The firm's products and activities are focused on protecting against cyber-attacks and ensuring optimal application service level for enterprises' and carriers' data centers. Its solutions include application and network security, and application delivery. Its application and network Security products include DefensePro Attack Mitigation Device, AppWall Web Application Firewall, DefenseFlow Cyber Command and Control application, and DefensePipe Cloud Scrubbing Service. Its application delivery products include Alteon NG, LinkProof NG and FastView. Its management solutions include APSolute Vision, application performance monitoring and vDirect.
Record Results: Radware posted record highs in revenue, EPS, total ARR, and cloud ARR for both Q4 and the full year 2025.
Cloud Momentum: Cloud ARR rose 23% year-over-year to $95 million in Q4, nearly reaching the company’s $100 million year-end goal.
Growth Drivers: Subscription revenue surged 21% year-over-year, accelerated by strong demand for cloud offerings and DefensePro X product cycle.
Profitability: Operating margin expanded by 240 bps in Q4 and 330 bps for the full year; adjusted EBITDA increased 25% in Q4 and 37% for 2025.
AI & API Security Expansion: Radware launched new API and Agentic AI security solutions and acquired Pynt Security to enhance its API offering.
Strong Q1 Outlook: Q1 2026 revenue is guided above typical seasonality, at $78–79 million, driven by a solid backlog and strong bookings.
Regional Performance: EMEA saw robust growth (up 38% in Q4), while Americas declined 4% in Q4 but showed strong bookings for future quarters.
