Financial Statements — RDWR
Balance Sheet
(in millions USD)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 | FY
2020 | FY
2019 |
|---|
| Cash & Equivalents | 105.08 | 98.71 | 70.54 | 46.19 | 92.51 | 54.77 | 40.75 |
| Accounts Receivable | 35.02 | 16.82 | 20.27 | 17.75 | 13.19 | 16.85 | 22.61 |
| Inventory | 13.22 | 14.03 | 15.54 | 11.43 | 11.58 | 13.94 | 13.94 |
| Total Current Assets | 316.51 | 320.88 | 375.93 | 334.42 | 320.71 | 347.80 | 221.97 |
| Property, Plant & Equipment | 16.45 | 15.63 | 18.22 | 21.07 | 20.24 | 22.98 | 22.97 |
| Goodwill | 68.01 | 68.01 | 68.01 | 68.01 | 41.14 | 41.14 | 41.14 |
| Intangible Assets | 7.78 | 11.75 | 15.72 | 19.69 | 10.73 | 12.59 | 14.48 |
| Total Non-current Assets | 32.08 | 34.09 | 39.00 | 44.15 | 45.07 | 50.80 | 22.97 |
| Total Assets | 671.17 | 618.68 | 571.92 | 643.59 | 635.37 | 623.27 | 595.20 |
| Accounts Payable | 7.23 | 5.58 | 4.30 | 6.46 | 4.31 | 3.88 | 6.32 |
| Total Current Liabilities | 194.28 | 168.47 | 155.01 | 164.04 | 165.89 | 143.75 | 125.54 |
| Total Non-current Liabilities | 86.20 | 93.13 | 93.63 | 111.11 | 99.49 | 91.06 | 74.33 |
| Total Liabilities* | 321.80 | 302.40 | 287.83 | 311.43 | 265.38 | 234.80 | 199.87 |
| Retained Earnings | 146.11 | 125.85 | 119.81 | 141.40 | 141.57 | 133.76 | 124.12 |
| Total Stockholder Equity | 349.36 | 316.27 | 284.09 | 332.16 | 369.99 | 388.46 | 395.33 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 | FY
2020 | FY
2019 |
|---|
| Total Revenue | 301.85 | 274.88 | 261.29 | 293.43 | 286.50 | 250.03 | 252.07 |
| Cost of Revenue | 58.34 | 53.25 | 51.71 | 53.88 | 52.45 | 45.08 | 45.17 |
| Gross Profit | 243.51 | 221.63 | 209.58 | 239.54 | 234.05 | 204.94 | 206.90 |
| Research & Development | 78.98 | 74.72 | 82.62 | 86.56 | 74.10 | 66.84 | 61.84 |
| Selling, General & Admin | 25.54 | 28.34 | 32.41 | 29.79 | 21.89 | 18.92 | 18.58 |
| Total Operating Expenses | 232.10 | 225.52 | 241.26 | 242.88 | 215.83 | 198.78 | 189.98 |
| Operating Income | 11.41 | (3.89) | (31.68) | (3.34) | 18.23 | 6.17 | 16.92 |
| Pretax Income | 29.31 | 12.67 | (17.75) | 4.71 | 22.63 | 13.96 | 25.71 |
| Tax Provision | 9.05 | 6.63 | 3.84 | 4.88 | 14.82 | 4.33 | 3.14 |
| Net Income | 20.26 | 6.04 | (21.59) | (0.17) | 7.81 | 9.64 | 22.57 |
| Basic EPS | 0.47 | 0.14 | (0.50) | 0.00 | 0.17 | 0.21 | 0.48 |
| Diluted EPS | 0.45 | 0.14 | (0.50) | 0.00 | 0.16 | 0.20 | 0.47 |
Cash Flow Statement
(in millions USD)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 | FY
2020 | FY
2019 |
|---|
| Operating Cash Flow | 50.09 | 71.61 | (3.50) | 32.15 | 71.77 | 63.87 | 52.85 |
| Capital Expenditures | 8.54 | 5.28 | 5.43 | 8.81 | 5.60 | 8.67 | 8.15 |
| Free Cash Flow* | 41.56 | 66.33 | (8.93) | 23.33 | 66.17 | 55.19 | 44.70 |
| Investing Cash Flow | (30.07) | (39.52) | 92.78 | (56.02) | 7.85 | (14.37) | (50.79) |
| Financing Cash Flow | (13.66) | (3.91) | (64.93) | (22.46) | (41.88) | (35.48) | (6.51) |
* Derived from reported values
