v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 105,078 $ 98,714
Marketable securities 15,900 72,994
Short-term bank deposits 136,282 104,073
Trade receivables, net 35,023 16,823
Other current assets and prepaid expenses 11,004 14,242
Inventories 13,220 14,030
Total current assets 316,507 320,876
LONG-TERM INVESTMENTS:    
Marketable securities 71,398 29,523
Long-term bank deposits 131,922 114,354
Other assets 2,830 2,171
Total long-term investments 206,150 146,048
Property and equipment, net 16,452 15,632
Operating lease right-of-use assets 15,625 18,456
Intangible assets, net 7,782 11,750
Goodwill 68,008 68,008
Other long-term assets 40,641 37,906
Total assets 671,165 618,676
CURRENT LIABILITIES:    
Trade payables 7,234 5,581
Deferred revenues 112,054 106,303
Operating lease liabilities 5,051 4,750
Employees and payroll accruals 36,784 32,023
Other payables and accrued expenses 33,160 19,813
Total current liabilities 194,283 168,470
LONG-TERM LIABILITIES:    
Deferred revenues 65,764 64,708
Operating lease liabilities 11,970 13,519
Other long-term liabilities 8,464 14,904
Total long-term liabilities 86,198 93,131
COMMITMENTS AND CONTINGENT LIABILITIES
Share capital -    
Ordinary shares of New Israeli Shekel (“NIS”) 0.05 par value - Authorized: 90,000,000 at December 31, 2025 and 2024; Issued: 64,059,411 and 63,008,264 shares at December 31, 2025 and 2024, respectively; Outstanding: 43,145,971 and 42,554,602 shares at December 31, 2025 and 2024, respectively 770 754
Additional paid-in capital 578,652 555,154
Treasury shares 20,913,440 and 20,453,662 of ordinary shares at December 31, 2025 and 2024, respectively (377,561) (366,588)
Accumulated other comprehensive income 1,393 1,103
Retained earnings 146,107 125,850
Total Radware Ltd. shareholders' equity 349,361 316,273
Non-controlling interest 41,323 40,802
Total shareholders’ equity 390,684 357,075
Total liabilities and shareholders’ equity $ 671,165 $ 618,676