Q4 2025 Radware Ltd Earnings Call Transcript
Key Points
- Radware Ltd (RDWR) achieved record highs in major financial metrics, including revenues, EPS, total ARR, and cloud ARR.
- Q4 revenue increased by 10% year-over-year to $80 million, with non-GAAP earnings per share growing 19% to $0.32.
- Cloud ARR rose 23% year-over-year, demonstrating strong growth and momentum in the cloud security business.
- The company expanded its cloud security offerings with the launch of a new API Security Service and the acquisition of Pynt Security.
- Radware Ltd (RDWR) introduced the Agentic AI Protection solution, enhancing its security platform and positioning itself at the forefront of AI security.
- The Americas region saw a 4% decline in Q4 revenue year-over-year, despite a strong booking performance.
- APAC region's Q4 revenue declined by 3% year-over-year, indicating challenges in that market.
- Cash flow from operations in 2025 decreased to $50.1 million from $71.6 million in 2024.
- The company expects lower financial income in 2026 due to lower interest rates, share repurchase plans, and M&As.
- Skyhawk Security operations will be classified as a discontinued operation, impacting non-GAAP reporting from Q1 2026.
Ladies and gentlemen, thank you for standing by. and welcome to Radware's fourth quarter and full year 2025 earnings call. (Operator Instructions) I must advise you that this call is being recorded today.
I now like to hand over the call to our first speaker today, Yisca Erez, Head of Investor Relations. Yisca, please go ahead.
Thank you, operator. Good morning, everyone, and welcome to Radware's fourth quarter and full year 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 financial statements, as well as the investor kit for the fourth quarter and full year, are available in the Investor Relations section of our website.
During today's call, we may make projections or other forward-looking statements regarding future events or the future financial performance of the company. These forward-looking statements are subject to various risks and
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