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Radware Ltd provides cyber security and application delivery solutions. The company provides solutions for cloud, on-premises, and software-defined data centers (SDDC). The solutions of the company secure the digital experience by providing infrastructure, application, and network protection and availability services to enterprises globally. The business segments of the company are Radware’s Core Business and The Hawks’ Business. The company derives maximum revenue from Radware’s Core Business. It generates the majority of its revenue from the United States.
1996
449
LTM Revenue $280M
LTM EBITDA n/a
$633M
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Radware has a last 12-month revenue of $280M and a last 12-month EBITDA of n/a.
In the most recent fiscal year, Radware achieved revenue of $275M and an EBITDA of $7.9M.
Radware expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Radware valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $261M | $275M | XXX | XXX | XXX |
| Gross Profit | $240M | $210M | XXX | XXX | XXX |
| Gross Margin | 92% | 76% | XXX | XXX | XXX |
| EBITDA | -$19.4M | $7.9M | XXX | XXX | XXX |
| EBITDA Margin | -7% | 3% | XXX | XXX | XXX |
| Net Profit | -$0.2M | -$21.6M | XXX | XXX | XXX |
| Net Margin | 0% | -8% | XXX | XXX | XXX |
| Net Debt | n/a | n/a | XXX | XXX | XXX |
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As of April 15, 2025, Radware's stock price is $21.
Radware has current market cap of $891M, and EV of $633M.
See Radware trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $633M | $891M | XXX | XXX | XXX | XXX | $0.91 |
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Sign UpAs of April 15, 2025, Radware has market cap of $891M and EV of $633M.
Radware's trades at 2.3x LTM EV/Revenue multiple, and n/a LTM EBITDA.
Analysts estimate Radware's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Radware and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $633M | XXX | XXX | XXX |
| EV/Revenue | 2.3x | XXX | XXX | XXX |
| EV/EBITDA | 79.7x | XXX | XXX | XXX |
| P/E | 147.5x | XXX | XXX | XXX |
| P/E/Growth | 0.8x | XXX | XXX | XXX |
| EV/FCF | 9.5x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpRadware's NTM/LTM revenue growth is 7%
Radware's revenue per employee for the last fiscal year averaged $0.6M, while opex per employee averaged $0.5M for the same period.
Over next 12 months, Radware's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Radware's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Radware and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 5% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 3% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -141% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 10% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.6M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.5M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 45% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 10% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 27% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 82% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| archTIS | XXX | XXX | XXX | XXX | XXX | XXX |
| FirstWave | XXX | XXX | XXX | XXX | XXX | XXX |
| Prophecy International | XXX | XXX | XXX | XXX | XXX | XXX |
| Qoria | XXX | XXX | XXX | XXX | XXX | XXX |
| Quick Heal | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Radware acquired XXX companies to date.
Last acquisition by Radware was XXXXXXXX, XXXXX XXXXX XXXXXX . Radware acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Radware founded? | Radware was founded in 1996. |
| Where is Radware headquartered? | Radware is headquartered in United States of America. |
| How many employees does Radware have? | As of today, Radware has 449 employees. |
| Who is the CEO of Radware? | Radware's CEO is Mr. Roy Zisapel. |
| Is Radware publicy listed? | Yes, Radware is a public company listed on NAS. |
| What is the stock symbol of Radware? | Radware trades under RDWR ticker. |
| When did Radware go public? | Radware went public in 1999. |
| Who are competitors of Radware? | Similar companies to Radware include e.g. archTIS, FirstWave, Prophecy International, Qoria. |
| What is the current market cap of Radware? | Radware's current market cap is $891M |
| What is the current revenue of Radware? | Radware's last 12-month revenue is $280M. |
| What is the current EV/Revenue multiple of Radware? | Current revenue multiple of Radware is 2.3x. |
| What is the current revenue growth of Radware? | Radware revenue growth between 2023 and 2024 was 5%. |
| Is Radware profitable? | Yes, Radware is EBITDA-positive (as of the last 12 months). |
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