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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 98,714 $ 70,538
Marketable securities 72,994 86,372
Short-term bank deposits 104,073 173,678
Trade receivables, net 16,823 20,267
Other current assets and prepaid expenses 14,242 9,529
Inventories 14,030 15,544
Total current assets 320,876 375,928
LONG-TERM INVESTMENTS:    
Marketable securities 29,523 33,131
Long-term bank deposits 114,354 0
Other assets 2,171 2,166
Total long-term investments 146,048 35,297
Property and equipment, net 15,632 18,221
Operating lease right-of-use assets 18,456 20,777
Intangible assets, net 11,750 15,718
Goodwill 68,008 68,008
Other long-term assets 37,906 37,967
Total assets 618,676 571,916
CURRENT LIABILITIES:    
Trade payables 5,581 4,298
Deferred revenues 106,303 105,012
Operating lease liabilities 4,750 4,684
Employees and payroll accruals 32,023 27,448
Other payables and accrued expenses 19,813 13,573
Total current liabilities 168,470 155,015
LONG-TERM LIABILITIES:    
Deferred revenues 64,708 60,499
Operating lease liabilities 13,519 16,020
Other long-term liabilities 14,904 17,108
Total long-term liabilities 93,131 93,627
COMMITMENTS AND CONTINGENT LIABILITIES
Share capital -    
Ordinary shares of New Israeli Shekel (“NIS”) 0.05 par value -Authorized: 90,000,000 at December 31, 2024 and 2023;Issued: 63,008,264 and 62,099,850 shares at December 31, 2024 and 2023, respectively;Outstanding: 42,554,602 and 41,698,876 shares at December 31, 2024 and 2023, respectively 754 742
Additional paid-in capital 555,154 529,209
Treasury shares 20,453,662 and 20,400,974 of ordinary shares at December 31, 2024 and 2023, respectively (366,588) (365,749)
Accumulated other comprehensive income 1,103 77
Retained earnings 125,850 119,812
Total Radware Ltd. shareholders' equity 316,273 284,091
Non-controlling interest 40,802 39,183
Total shareholders’ equity 357,075 323,274
Total liabilities and shareholders’ equity $ 618,676 $ 571,916