Radware Ltd
Radware Ltd., together with its subsidiaries, develops, manufactures, and markets cyber security and application delivery solutions for cloud, on-premises, and software defined data canters. It operates in two segments, Radware's Core Business and The Hawks' Business. The company offers cloud application protection service, cloud WAF, bot manager, API protection, web DDoS protection, client-side … Read more
Radware Ltd (RDWR) - Net Assets
Latest net assets as of December 2025: $390.68 Million USD
Based on the latest financial reports, Radware Ltd (RDWR) has net assets worth $390.68 Million USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($671.16 Million) and total liabilities ($280.48 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $390.68 Million |
| % of Total Assets | 58.21% |
| Annual Growth Rate | 20.23% |
| 5-Year Change | 5.59% |
| 10-Year Change | 30.39% |
| Growth Volatility | 465.52 |
Radware Ltd - Net Assets Trend (1998–2025)
This chart illustrates how Radware Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Radware Ltd (1998–2025)
The table below shows the annual net assets of Radware Ltd from 1998 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $390.68 Million | +9.41% |
| 2024-12-31 | $357.07 Million | +10.46% |
| 2023-12-31 | $323.27 Million | -12.26% |
| 2022-12-31 | $368.44 Million | -0.42% |
| 2021-12-31 | $369.99 Million | -4.75% |
| 2020-12-31 | $388.46 Million | -1.74% |
| 2019-12-31 | $395.33 Million | +8.62% |
| 2018-12-31 | $363.96 Million | +15.41% |
| 2017-12-31 | $315.36 Million | +5.25% |
| 2016-12-31 | $299.63 Million | -6.23% |
| 2015-12-31 | $319.54 Million | -4.24% |
| 2014-12-31 | $333.70 Million | +13.46% |
| 2013-12-31 | $294.12 Million | +8.44% |
| 2012-12-31 | $271.23 Million | +23.67% |
| 2011-12-31 | $219.32 Million | +18.56% |
| 2010-12-31 | $184.99 Million | +22.98% |
| 2009-12-31 | $150.42 Million | +1.59% |
| 2008-12-31 | $148.06 Million | -16.21% |
| 2007-12-31 | $176.71 Million | -3.13% |
| 2006-12-31 | $182.41 Million | +2.81% |
| 2005-12-31 | $177.43 Million | +10.26% |
| 2004-12-31 | $160.92 Million | +14.69% |
| 2003-12-31 | $140.31 Million | +10.14% |
| 2002-12-31 | $127.39 Million | -1.20% |
| 2001-12-31 | $128.94 Million | -5.18% |
| 2000-12-31 | $135.98 Million | +95.88% |
| 1999-12-31 | $69.42 Million | +2471.07% |
| 1998-12-31 | $2.70 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Radware Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 14760700000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $146.11 Million | 41.82% |
| Common Stock | $770.00K | 0.22% |
| Other Comprehensive Income | $1.39 Million | 0.40% |
| Other Components | $201.09 Million | 57.56% |
| Total Equity | $349.36 Million | 100.00% |
Radware Ltd Competitors by Market Cap
The table below lists competitors of Radware Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Namsun Aluminium Co Ltd
KO:008355
|
$866.35 Million |
|
Shanghai Longcheer Technology Co., Ltd.
SHG:603341
|
$866.55 Million |
|
Snowsky Salt Industry Group Co Ltd
SHG:600929
|
$866.91 Million |
|
Csg Smart Science&Technology Co Ltd
SHE:300222
|
$867.31 Million |
|
Universal Insurance Holdings Inc
NYSE:UVE
|
$865.98 Million |
|
BIOCYTOGEN PHARMA. H YC1
F:I54
|
$865.76 Million |
|
Yankershop Food Co Ltd
SHE:002847
|
$865.70 Million |
|
CNA FIN. DL 2,50
F:CNH
|
$865.20 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Radware Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 316,273,000 to 349,361,000, a change of 33,088,000 (10.5%).
- Net income of 20,257,000 contributed positively to equity growth.
- Share repurchases of 10,490,000 reduced equity.
- Other comprehensive income increased equity by 289,999.
- Other factors increased equity by 23,031,001.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $20.26 Million | +5.8% |
| Share Repurchases | $10.49 Million | -3.0% |
| Other Comprehensive Income | $290.00K | +0.08% |
| Other Changes | $23.03 Million | +6.59% |
| Total Change | $- | 10.46% |
Book Value vs Market Value Analysis
This analysis compares Radware Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.26x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 146.62x to 3.26x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1998-12-31 | $0.17 | $25.45 | x |
| 1999-12-31 | $2.78 | $25.45 | x |
| 2000-12-31 | $3.86 | $25.45 | x |
| 2001-12-31 | $3.93 | $25.45 | x |
| 2002-12-31 | $3.92 | $25.45 | x |
| 2003-12-31 | $3.75 | $25.45 | x |
| 2004-12-31 | $4.09 | $25.45 | x |
| 2005-12-31 | $4.46 | $25.45 | x |
| 2006-12-31 | $4.99 | $25.45 | x |
| 2007-12-31 | $4.54 | $25.45 | x |
| 2008-12-31 | $3.81 | $25.45 | x |
| 2009-12-31 | $3.98 | $25.45 | x |
| 2010-12-31 | $4.26 | $25.45 | x |
| 2011-12-31 | $4.79 | $25.45 | x |
| 2012-12-31 | $5.82 | $25.45 | x |
| 2013-12-31 | $6.30 | $25.45 | x |
| 2014-12-31 | $7.12 | $25.45 | x |
| 2015-12-31 | $6.84 | $25.45 | x |
| 2016-12-31 | $6.83 | $25.45 | x |
| 2017-12-31 | $7.25 | $25.45 | x |
| 2018-12-31 | $7.63 | $25.45 | x |
| 2019-12-31 | $8.15 | $25.45 | x |
| 2020-12-31 | $8.14 | $25.45 | x |
| 2021-12-31 | $7.79 | $25.45 | x |
| 2022-12-31 | $7.39 | $25.45 | x |
| 2023-12-31 | $6.63 | $25.45 | x |
| 2024-12-31 | $7.29 | $25.45 | x |
| 2025-12-31 | $7.82 | $25.45 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Radware Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.80%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.71%
- • Asset Turnover: 0.45x
- • Equity Multiplier: 1.92x
- Recent ROE (5.80%) is above the historical average (-0.37%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1998 | -48.15% | -26.53% | 1.29x | 1.41x | $-1.57 Million |
| 1999 | 0.40% | 1.98% | 0.19x | 1.08x | $-6.66 Million |
| 2000 | 4.48% | 15.87% | 0.26x | 1.10x | $-7.51 Million |
| 2001 | -5.88% | -17.49% | 0.30x | 1.12x | $-20.47 Million |
| 2002 | -1.66% | -4.84% | 0.31x | 1.12x | $-14.85 Million |
| 2003 | 4.53% | 11.60% | 0.35x | 1.13x | $-7.67 Million |
| 2004 | 8.56% | 20.13% | 0.37x | 1.14x | $-2.31 Million |
| 2005 | 5.27% | 12.04% | 0.38x | 1.15x | $-8.40 Million |
| 2006 | -0.70% | -1.57% | 0.38x | 1.18x | $-19.52 Million |
| 2007 | -6.80% | -13.55% | 0.41x | 1.22x | $-29.68 Million |
| 2008 | -20.95% | -32.80% | 0.51x | 1.25x | $-45.83 Million |
| 2009 | -3.95% | -5.45% | 0.52x | 1.39x | $-20.98 Million |
| 2010 | 5.21% | 6.68% | 0.55x | 1.41x | $-8.87 Million |
| 2011 | 9.73% | 12.78% | 0.57x | 1.35x | $-595.10K |
| 2012 | 11.71% | 16.79% | 0.53x | 1.32x | $4.63 Million |
| 2013 | 6.14% | 9.36% | 0.50x | 1.32x | $-11.36 Million |
| 2014 | 7.48% | 11.24% | 0.50x | 1.33x | $-8.42 Million |
| 2015 | 5.81% | 8.57% | 0.50x | 1.35x | $-13.39 Million |
| 2016 | -2.89% | -4.40% | 0.46x | 1.43x | $-38.62 Million |
| 2017 | -2.38% | -3.54% | 0.45x | 1.49x | $-39.03 Million |
| 2018 | 3.22% | 5.01% | 0.44x | 1.46x | $-24.66 Million |
| 2019 | 5.71% | 8.95% | 0.42x | 1.51x | $-16.97 Million |
| 2020 | 2.48% | 3.85% | 0.40x | 1.60x | $-29.21 Million |
| 2021 | 2.11% | 2.73% | 0.45x | 1.72x | $-29.19 Million |
| 2022 | -0.05% | -0.06% | 0.46x | 1.94x | $-33.38 Million |
| 2023 | -7.60% | -8.26% | 0.46x | 2.01x | $-50.00 Million |
| 2024 | 1.91% | 2.20% | 0.44x | 1.96x | $-25.59 Million |
| 2025 | 5.80% | 6.71% | 0.45x | 1.92x | $-14.68 Million |
Industry Comparison
This section compares Radware Ltd's net assets metrics with peer companies in the Software - Infrastructure industry.
Industry Context
- Industry: Software - Infrastructure
- Average net assets among peers: $237,144,588
- Average return on equity (ROE) among peers: -85.78%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Radware Ltd (RDWR) | $390.68 Million | -48.15% | 0.72x | $866.10 Million |
| Automatic Bank Services Limited (ABANF) | $231.37 Million | 16.52% | 0.19x | $269.02 Million |
| ACI Worldwide Inc (ACIW) | $76.50 Million | 16.47% | 0.61x | $4.01 Billion |
| Adyen N.V (ADYYF) | $389.78 Million | 18.29% | 1.92x | $34.24 Billion |
| Aeva Technologies, Inc. Common Stock (AEVA) | $99.35 Million | -153.25% | 0.48x | $418.95 Million |
| Aeva Technologies, Inc. Warrants (AEVAW) | $456.38 Million | -22.32% | 0.05x | $3.74 Million |
| Affluence Corporation (AFFU) | $-639.00K | 0.00% | 0.00x | $3.98K |
| Axe Compute Inc. (AGPU) | $923.68K | -706.52% | 2.04x | $2.86 Million |
| C3 Ai Inc (AI) | $838.30 Million | -34.44% | 0.22x | $1.15 Billion |
| iLearningEngines, Inc. (AILE) | $264.32 Million | 1.83% | 0.09x | $17.39 Million |
| PowerFleet, Inc. (AIOT) | $15.17 Million | 5.61% | 0.31x | $383.57 Million |