Radware Ltd. Earnings Recaps
Q3 2025
Oct 29, 2025
Radware reported a solid Q3 2025, with revenues of $75 million, marking an 8% year-over-year increase and a 22% rise in non-GAAP EPS to $0.28, driven by robust cloud security performance.
Key takeaways
- Cloud security ARR surged 24% year-over-year to $89 million, underscoring strong customer demand and retention.
- Subscription revenue now constitutes 52% of total revenue, reflecting a successful transition from product sales to recurring revenue models.
- Significant wins in the healthcare sector demonstrate competitive strength, with notable deals leveraging innovative DDoS and API security solutions.
- North America revenue grew by 28% year-over-year, highlighting effective go-to-market strategies and successful partnerships, especially with Cisco.
- Continued investment in AI-driven innovation positions Radware favorably to capitalize on future cloud security opportunities.