RADWARE LTDRDWR

Market cap

P/E ratio

	Dec 31, 2011	Dec 31, 2012	Dec 31, 2013	Dec 31, 2014	Dec 31, 2015	Dec 31, 2016	Dec 31, 2017	Dec 31, 2018	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024
Cash and cash equivalents	17	20	20	45	34	80	65	45	46	71	99
Marketable securities	-	-	-	-	-	-	-	-	44	86	73
Short-term bank deposits	-	-	-	30	81	126	93	255	208	174	104
Trade receivables, net	13	18	25	26	26	19	16	17	18	20	17
Other current assets and prepaid expenses	4	4	6	8	5	4	12	7	7	10	14
Inventories	12	13	14	17	16	17	19	18	11	16	14
Total current assets	145	123	180	155	178	267	248	359	334	376	321
Marketable securities	-	-	-	-	-	-	-	-	90	33	30
Long-term bank deposits	-	-	-	112	97	19	89	-	44	-	114
Other assets	-	-	-	-	-	-	-	-	2	2	2
Total long-term investments	106	190	154	229	187	97	147	88	136	35	146
Property and equipment, net	11	14	18	21	26	26	24	24	21	18	16
Operating lease right-of-use assets	-	-	-	-	-	-	-	-	23	21	18
Intangible assets, net	8	5	5	5	4	2	10	9	20	16	12
Goodwill	24	24	30	30	30	30	32	32	68	68	68
Other long-term assets	1	2	2	3	5	8	8	21	41	38	38
Total assets	296	358	389	443	431	430	469	533	644	572	619
Trade payables	5	10	9	10	9	6	5	4	6	4	6
Deferred revenues	-	-	-	-	-	-	-	84	108	105	106
Operating lease liabilities	-	-	-	-	-	-	-	-	5	5	5
Employees and payroll accruals	-	7	9	11	11	12	16	18	32	27	32
Other payables and accrued expenses	-	14	11	13	11	15	16	12	12	14	20
Total current liabilities	49	67	67	76	77	85	107	118	164	155	168
Deferred revenues	-	-	-	-	-	-	-	44	72	60	65
Operating lease liabilities	-	-	-	-	-	-	-	-	19	16	14
Other long-term liabilities	-	3	8	8	9	14	3	7	19	17	15
Total long-term liabilities	27	20	28	33	34	45	46	51	111	94	93
Ordinary shares of NIS 0.05 par value - Authorized: 90,000,000 at December 31, 2021 and 2020; Issued: 60,641,047 and 59,284,860 shares at December 31, 2021 and 2020, respectively; Outstanding: 45,871,957 and 46,386,889 shares at December 31, 2021 and 2020, respectively	1	1	1	1	1	1	1	1	1	1	1
Additional paid-in capital	233	250	263	294	313	325	349	384	498	529	555
Treasury shares 20,453,662 and 20,400,974 of ordinary shares at December 31, 2024 and 2023, respectively	18	18	26	41	94	116	116	121	303	366	367
Accumulated other comprehensive income	-2	2	2	0	1	-0	-0	-1	-5	0	1
Retained earnings	5	37	55	80	98	90	82	102	141	120	126
Total Radware Ltd. shareholders' equity	219	271	294	334	319	300	315	364	368	323	357
Non-controlling interest	-	-	-	-	-	-	-	-	36	39	41
Total shareholders’ equity	-	-	-	-	-	-	-	-	368	323	357
Total liabilities and shareholders’ equity	296	358	389	443	431	430	469	533	644	572	619