Radware Reports Record Fourth Quarter and Full Year 2025 Financial Results

Core Insights - Radware achieved record revenue and earnings in 2025, driven by growth in cloud security and advanced protection solutions [2][3][7] Financial Performance - Fourth quarter revenue reached $80.2 million, a 10% increase year-over-year, while full year revenue totaled $301.9 million, also up 10% from 2024 [3][7] - GAAP net income for Q4 2025 was $6.0 million ($0.13 per diluted share), compared to $2.5 million ($0.06 per diluted share) in Q4 2024 [3][19] - Non-GAAP net income for Q4 2025 was $14.5 million ($0.32 per diluted share), up from $11.9 million ($0.27 per diluted share) in Q4 2024 [4][21] - Full year GAAP net income was $20.3 million ($0.45 per diluted share), compared to $6.0 million ($0.14 per diluted share) in 2024 [3][19] - Full year non-GAAP net income was $51.5 million ($1.15 per diluted share), an increase from $37.7 million ($0.87 per diluted share) in 2024 [4][21] Cash Flow and Assets - As of December 31, 2025, the company had cash and cash equivalents totaling $460.6 million [5] - Cash flow from operations was $17.3 million in Q4 2025 and $50.1 million for the full year [5][24] Regional Revenue Breakdown - Revenue in the Americas for Q4 2025 was $31.6 million, a decrease of 4% from Q4 2024, while full year revenue was $124.5 million, an increase of 6% [8] - EMEA region revenue for Q4 2025 was $32.2 million, up 38% from Q4 2024, with full year revenue at $111.3 million, an 18% increase [8] - APAC region revenue for Q4 2025 was $16.4 million, a decrease of 3% from Q4 2024, while full year revenue was $66.1 million, a 5% increase [8] Key Performance Indicators - Cloud Annual Recurring Revenue (ARR) approached $100 million, reaching $95.2 million, a 23% increase year-over-year [2][7] - Total ARR was $251.0 million, an 11% increase year-over-year [7]