Radware Ltd 6-K, filed Jul 29, 2026

Radware Ltd (RDWR)

6-K 2026-07-29 For: 2026-07-29

View Original

Added on July 29, 2026

About this 6-K

Radware Ltd filed this 6-K on July 29, 2026.

Search and read filings like this one from Claude or ChatGPT with the SEC filings MCP server →

	RADWARE LTD.

Date: July 29, 2026	By:	/s/ Gadi Meroz
		Gadi Meroz
		Vice President & General Counsel

Exhibit Number	Description of Exhibits

99.1	Radware Reports Second Quarter Financial Results

	June 30,			December 31,
	2026			2025
		(Unaudited)			(Unaudited)
Assets

Current assets
Cash and cash equivalents		85,200			102,748
Marketable securities		28,379			15,900
Short-term bank deposits		134,858			129,961
Trade receivables, net		39,480			34,604
Other receivables and prepaid expenses		13,423			10,639
Inventories		13,655			13,220
Current assets held for sale		5,149			9,435
		320,144			316,507

Long-term investments
Marketable securities		59,006			71,398
Long-term bank deposits		115,482			131,922
Other assets		3,150			2,830
		177,638			206,150


Property and equipment, net		17,280			16,387
Goodwill and intangible assets, net		78,041			72,159
Other long-term assets		43,740			40,641
Operating lease right-of-use assets		14,208			15,456
Long-term assets held for sale		3,337			3,865
Total assets		654,388			671,165

Liabilities and equity

Current liabilities
Trade payables		8,157			7,231
Deferred revenues		128,212			111,917
Operating lease liabilities		4,861			4,862
Other payables and accrued expenses		52,743			67,948
Current liabilities held for sale		2,103			2,325
		196,076			194,283

Long-term liabilities
Deferred revenues		80,349			65,764
Operating lease liabilities		11,225			11,970
Other long-term liabilities		7,605			8,464
		99,179			86,198

Equity
Radware Ltd. equity
Share capital		775			770
Additional paid-in capital		591,486			578,652
Accumulated other comprehensive income (loss)		(252	)		1,393
Treasury stock, at cost		(425,720	)		(377,561	)
Retained earnings		151,364			146,107
Total Radware Ltd. shareholder's equity		317,653			349,361

Non–controlling interest		41,480			41,323

Total equity		359,133			390,684

Total liabilities and equity		654,388			671,165

	For the three months ended						For the six months ended
	June 30,						June 30,
	2026			2025			2026			2025
	(Unaudited)			(Unaudited)			(Unaudited)			(Unaudited)

Revenues		82,280			74,108			162,093			146,130
Cost of revenues		15,819			13,904			30,931			27,466
Gross profit		66,461			60,204			131,162			118,664

Operating expenses, net:
Research and development, net		23,773			18,163			44,876			35,715
Selling and marketing		32,264			30,737			64,856			61,377
General and administrative		7,955			6,192			14,443			12,424
Total operating expenses, net		63,992			55,092			124,175			109,516

Operating income		2,469			5,112			6,987			9,148
Financial income, net		3,543			3,517			7,315			8,179
Income before taxes on income from continuing operations		6,012			8,629			14,302			17,327
Taxes on income		2,131			2,237			4,300			4,337
Net income from continuing operations		3,881			6,392			10,002			12,990
Loss from discontinued operations		(2,168	)		(2,170	)		(4,745	)		(4,424	)
Net income		1,713			4,222			5,257			8,566


Basic net income per share attributed to Radware Ltd.'s shareholders:
Continuing operations		0.09			0.15			0.23			0.30
Discontinued operations		(0.05	)		(0.05	)		(0.11	)		(0.10	)
Total basic net income per share attributed to Radware Ltd.'s shareholders		0.04			0.10			0.12			0.20

Weighted average number of shares used to compute basic net income per share		41,714,046			42,734,026			42,250,915			42,711,279

Diluted net income per share attributed to Radware Ltd.'s shareholders:
Continuing operations		0.09			0.14			0.23			0.29
Discontinued operations		(0.05	)		(0.05	)		(0.11	)		(0.10	)
Total diluted net income per share attributed to Radware Ltd.'s shareholders		0.04			0.09			0.12			0.19

Weighted average number of shares used to compute diluted net income per share		43,687,694			44,510,896			44,089,154			44,364,057

	For the three months ended June 30,						For the six months ended June 30,
	2026			2025			2026			2025
	(Unaudited)			(Unaudited)			(Unaudited)			(Unaudited)
GAAP gross profit		66,461			60,204			131,162			118,664
Share-based compensation		114			131			280			252
Amortization of intangible assets		734			732			1,466			1,465
Non-GAAP gross profit		67,309			61,067			132,908			120,381

GAAP research and development, net		23,773			18,163			44,876			35,715
Share-based compensation		1,723			1,259			3,411			2,394
Amortization of intangible assets		253			-			253			-
Non-GAAP research and development, net		21,797			16,904			41,212			33,321

GAAP selling and marketing		32,264			30,737			64,856			61,377
Share-based compensation		3,279			2,669			5,931			5,722
Non-GAAP selling and marketing		28,985			28,068			58,925			55,655

GAAP general and administrative		7,955			6,192			14,443			12,424
Share-based compensation		2,216			1,401			3,218			2,772
Acquisition costs		100			138			389			291
Non-GAAP general and administrative		5,639			4,653			10,836			9,361

GAAP total operating expenses, net		63,992			55,092			124,175			109,516
Share-based compensation		7,218			5,329			12,560			10,888
Acquisition costs		100			138			389			291
Non-GAAP total operating expenses, net		56,674			49,625			111,226			98,337

GAAP operating income		2,469			5,112			6,987			9,148
Share-based compensation		7,332			5,460			12,840			11,140
Amortization of intangible assets		987			732			1,719			1,465
Acquisition costs		100			138			389			291
Non-GAAP operating income		10,888			11,442			21,935			22,044

GAAP financial income, net		3,543			3,517			7,315			8,179
Exchange rate differences, net on balance sheet items included in financial income, net		824			1,673			1,598			2,182
Non-GAAP financial income, net		4,367			5,190			8,913			10,361

GAAP income before taxes on income from continuing operations		6,012			8,629			14,302			17,327
Share-based compensation		7,332			5,460			12,840			11,140
Amortization of intangible assets		987			732			1,719			1,465
Acquisition costs		100			138			389			291
Exchange rate differences, net on balance sheet items included in financial income, net		824			1,673			1,598			2,182
Non-GAAP income before taxes on income from continuing operations		15,255			16,632			30,848			32,405

GAAP taxes on income		2,131			2,237			4,300			4,337
Tax related adjustments		91			61			153			123
Non-GAAP taxes on income		2,222			2,298			4,453			4,460

GAAP net income from continuing operations		3,881			6,392			10,002			12,990
Share-based compensation		7,332			5,460			12,840			11,140
Amortization of intangible assets		987			732			1,719			1,465
Acquisition costs		100			138			389			291
Exchange rate differences, net on balance sheet items included in financial income, net		824			1,673			1,598			2,182
Tax related adjustments		(91	)		(61	)		(153	)		(123	)
Non-GAAP net income from continuing operations		13,033			14,334			26,395			27,945

Non-GAAP loss from discontinued operations		1,898			1,739			4,192			3,532

Non-GAAP net income		11,135			12,595			22,203			24,413

GAAP diluted net income per share from continuing operations		0.09			0.14			0.23			0.29
Share-based compensation		0.17			0.12			0.29			0.25
Amortization of intangible assets		0.02			0.02			0.04			0.03
Acquisition costs		0.00			0.00			0.01			0.01
Exchange rate differences, net on balance sheet items included in financial income, net		0.02			0.04			0.03			0.05
Tax related adjustments		(0.00	)		(0.00	)		(0.00	)		(0.00	)
Non-GAAP diluted net earnings per share from continuing operations		0.30			0.32			0.60			0.63

Non-GAAP diluted net loss per share from discontinued operations		(0.05	)		(0.04	)		(0.10	)		(0.08	)

Non-GAAP diluted net earnings per share		0.25			0.28			0.50			0.55

Weighted average number of shares used to compute non-GAAP diluted net earnings per share		43,687,694			44,510,896			44,089,154			44,364,057

Radware Ltd.
Condensed Consolidated Balance Sheets
(U.S. Dollars in thousands)

Radware Ltd.
Condensed Consolidated Statements of Income
(U.S Dollars in thousands, except share and per share data)

	Radware Ltd.
	Reconciliation of GAAP to Non-GAAP Financial Information
	(U.S Dollars in thousands, except share and per share data)

	For the three months ended						For the six months ended
	June 30,						June 30,
	2026			2025			2026			2025
	(Unaudited)			(Unaudited)			(Unaudited)			(Unaudited)
Cash flow from operating activities:

Net income		1,713			4,222			5,257			8,566
Loss from discontinued operations activities		2,168			2,170			4,745			4,424
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		2,910			2,594			5,504			5,476
Share-based compensation		7,332			5,460			12,840			11,139
Amortization of premium, accretion of discounts and accrued interest on marketable securities, net		112			(93	)		137			(254	)
Decrease in accrued interest on bank deposits		(610	)		(2,839	)		(1,078	)		(4,440	)
Increase (decrease) in accrued severance pay, net		(193	)		15			(480	)		76
Decrease (increase) in trade receivables, net		(7,545	)		2,133			(4,876	)		(6,053	)
Increase in other receivables and prepaid expenses and other long-term assets		(4,176	)		(928	)		(7,252	)		(1,088	)
Decrease (increase) in inventories		(525	)		199			(435	)		718
Increase (decrease) in trade payables		1,658			438			926			(1,402	)
Increase (decrease) in deferred revenues		16,270			(1,261	)		30,880			16,471
Increase (decrease) in other payables and accrued expenses		(6,583	)		2,281			(13,702	)		5,562
Operating lease liabilities, net		511			1,228			502			1,000
Net cash provided by operating activities - continuing operations		13,042			15,619			32,968			40,195
Net cash used in operating activities - discontinued operations		(1,904	)		(1,127	)		(4,190	)		(3,261	)
Net cash provided by operating activities		11,138			14,492			28,778			36,934

Cash flows from investing activities:

Purchase of property and equipment		(2,025	)		(2,659	)		(4,678	)		(3,770	)
Proceeds from (investment in) other long-term assets, net		(32	)		(19	)		(16	)		90
Proceeds from (investment in) bank deposits, net		(12,279	)		(17,401	)		12,621			(44,513	)
Investment in, redemption of and purchase of marketable securities, net		(147	)		(5,239	)		(945	)		10,955
Acquisition of subsidiary, net of cash acquired		-			-			(5,938	)		-
Proceeds from other deposits		-			-			-			5,000
Net cash provided by (used in) investing activities - continuing operations		(14,483	)		(25,318	)		1,044			(32,238	)
Net cash provided by investing activities - discontinued operations		299			3,599			3,300			3,598
Net cash provided by (used in) investing activities		(14,184	)		(21,719	)		4,344			(28,640	)

Cash flows from financing activities:

Proceeds from exercise of share options		1			-			4			1