Q3 2025 Radware Ltd Earnings Call Transcript
Key Points
- Radware Ltd (RDWR) reported an 8% year-over-year revenue growth, reaching $75 million in Q3 2025.
- Non-GAAP earnings per share increased by 22% year over year to $0.28.
- Cloud security ARR grew significantly, reaching $89 million, a 24% year-over-year increase.
- The company opened two additional cloud security centers in Q3 and plans to open three more in Q4, enhancing global infrastructure.
- Radware Ltd (RDWR) was recognized as a leader in the 2025 SPARK Matrix for web application firewall and bot management, and in the KuppingerCole Leadership Compass Report for Web Application and API Protection.
- EMEA revenue decreased by 10% year over year, accounting for 30% of total revenue.
- Cash flow from operations was negative $4.2 million in Q3 2025, compared to positive $14.7 million in the same quarter last year.
- The decline in cash flow was primarily due to an increase in account receivables and a decrease in deferred revenue.
- APAC region posted modest growth, with revenue up only 3% year over year.
- The company faces challenges in maintaining cash flow and billing consistency, as indicated by the negative cash flow from operations.
Welcome to the Radware conference call discussing third-quarter 2025 results and thank you all for holding. (Operator Instructions) As a reminder, this conference is being recorded today, October 29, 2025.
I would now like to turn this call over to Yisca Erez, Director, Investor Relations at Radware. Please go ahead.
Thank you, operator. Good morning, everyone and welcome to Radware's third-quarter 2025 earnings conference call. Joining me today are Roy Zisapel, President and Chief Executive Officer; and Guy Avidan, Chief Financial Officer. A copy of today's press release and the financial statements as well as the investor kit for the third quarter are available in the Investor Relations section of our website.
During today's call, we may make projections or other forward-looking statement regarding future events or the future financial performance of the company. These forward-looking statements are subject to various risks and uncertainties, and actual results could differ materially
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