v3.26.1
SEGMENTS REPORTING
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
SEGMENTS REPORTING
NOTE 15:-
SEGMENTS REPORTING
 
The Company reports segment information based on a management approach. The management approach designates the internal reporting used by management for making decisions and assessing performance as the source of the Company’s reportable segments. The chief operating decision maker ("The CODM") of the Company is the Chief Executive officer (CEO). The CODM assesses the performance of each operating segment using information about revenue and segment operating income that is defined as operating income generated at the segment level, excluding unallocated corporate income or expense.
 
The Company’s reportable segments are:
 
  •
Radware’s Core Business – this segment consists of the Company’s core business operations, including its cloud security as-a-service products, application and data centers security products and its application availability products; and
 
  •
The Hawks’ Business – this segment consists of the operations of two subsidiaries: SkyHawk, a spinoff of the Company’s former cloud native protector business. which now provides an agentless Cloud-native threat Detection and Response (CDR), combined with Cloud Infrastructure Entitlement Manage (CIEM), Cloud Security Posture Management (CSPM) and Autonomous Purple Team for AWS Google Cloud and Azure, and EdgeHawk, which is engaged in transforming routers and network nodes into security platforms.
 
While the Company transitioned into two reportable segments, it remains focused on the consolidated results as an important measure of performance, particularly given the high level of cooperation among these two segments.
 
The Company’s CODM does not regularly review assets and liabilities information by reportable segments. Therefore, the Company does not report assets and liabilities information by segment.
 
The following tables present information about the Company’s reported segment revenues and operating income (loss) for the periods indicated:
 
   
Year ended
December 31, 2025
  
   
Radware Core
    
Hawks
    
Total
  
                   
Revenues
  
$
301,222
    
$
628
    
$
301,850
  
                         
Other segment items *
    
276,510
      
13,932
      
290,442
  
                         
Operating income (loss)
  
$
24,712
    
$
(13,304
)
  
$
11,408
  
 
Financial income, net
  
$
17,899
  
         
Income before taxes on income
  
$
29,307
  
 
   
Year ended
December 31, 2024
  
   
Radware Core
    
Hawks
    
Total
  
                   
Revenues
  
$
274,384
    
$
496
    
$
274,880
  
                         
Other segment items *
    
264,635
      
14,132
      
278,767
  
                         
Operating income (loss)
  
$
9,749
    
$
(13,636
)
  
$
(3,887
)
 
Financial income, net
  
$
16,552
  
         
Income before taxes on income
  
$
12,665
  
 
   
Year ended
December 31, 2023
  
   
Radware Core
    
Hawks
    
Total
  
                   
Revenues
  
$
260,322
    
$
970
    
$
261,292
  
                         
Other segment items *
    
277,124
      
15,848
      
292,972
  
                         
Operating loss
  
$
(16,802
)
  
$
(14,878
)
  
$
(31,680
)
 
Financial income, net
  
$
13,927
  
         
Loss before taxes on income
  
$
(17,753
)
 
* Radware Core consists of cost of revenues, G&A, S&M, and R&D, with the Hawks primarily consisting of R&D.
 
Depreciation expenses of the Hawks’ business segment for the years ended December 31, 2025, 2024 and 2023 were $90, $97 and $85, respectively.
 
Depreciation expenses of Radware’s core business segment for the years ended December 31, 2025, 2024 and 2023 were $7,626, $7,771 and $8,191, respectively.