Radware (RDWR) Operating Expenses (2009 - 2026)
Radware's (RDWR) quarterly Operating Expenses came in at $64.0 million in Q2 2026, up 16.15% year-over-year from $55.1 million in Q2 2025, and up 6.33% quarter-over-quarter from $60.2 million in Q1 2026.
Analysis
Radware (RDWR) Operating Expenses (2009 - 2026) Analysis & Trends
Radware (RDWR) has reported Operating Expenses for 18 consecutive years, with $64.0 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses rose 16.15% year-over-year to $64.0 million in Q2 2026; TTM through Jun 2026 was $242.7 million, a 8.49% increase from a year earlier, with the FY2025 full-year figure at $232.1 million, up 2.92% from the prior year.
- Operating Expenses was $64.0 million for Q2 2026 at Radware, up from $60.2 million in the prior quarter.
- Over five years, Operating Expenses peaked at $65.3 million in Q4 2022 and troughed at $54.4 million in Q1 2025.
- A 5-year average of $59.0 million and a median of $59.3 million in 2023 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses declined 9.67% in 2024 and increased 16.15% in 2026, its largest moves.
- Over 5 years, Operating Expenses stood at $65.3 million in 2022, then slipped by 8.68% to $59.6 million in 2023, then declined by 2.62% to $58.0 million in 2024, then grew by 4.79% to $60.8 million in 2025, then advanced by 5.2% to $64.0 million in 2026.
- The last three Operating Expenses figures came in at $64.0 million (Q2 2026), $60.2 million (Q1 2026), and $60.8 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 269.46 Bn | 266.34 Bn | 2.03 Bn | 2.21 Bn |
| 2 | CrowdStrike Holdings | 213.75 Bn | 208.74 Bn | 1.10 Bn | 1.13 Bn |
| 3 | Fortinet | 115.33 Bn | 111.27 Bn | 1.64 Bn | 953.90 Mn |
| 4 | Axon Enterprise | 40.70 Bn | 40.03 Bn | 546.45 Mn | 499.67 Mn |
| 5 | Zscaler | 25.94 Bn | 22.46 Bn | - | - |
| 6 | F5 | 22.10 Bn | 20.50 Bn | 711.51 Mn | 498.25 Mn |
| 7 | Rubrik | 18.86 Bn | 17.11 Bn | 335.12 Mn | 407.03 Mn |
| 8 | Gen Digital | 17.83 Bn | 17.27 Bn | 1.03 Bn | 586.00 Mn |
| 9 | Check Point Software Technologies | 14.27 Bn | 11.99 Bn | 574.10 Mn | 488.50 Mn |
| 10 | Radware | 1.20 Bn | 1.09 Bn | 66.46 Mn | 63.99 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 63.99 Mn |
| Mar 31, 2026 | 60.18 Mn |
| Dec 31, 2025 | 60.83 Mn |
| Sep 30, 2025 | 57.65 Mn |
| Jun 30, 2025 | 55.09 Mn |
| Mar 31, 2025 | 54.42 Mn |
| Dec 31, 2024 | 58.05 Mn |
| Sep 30, 2024 | 56.10 Mn |
| Jun 30, 2024 | 55.43 Mn |
| Mar 31, 2024 | 55.94 Mn |
| Dec 31, 2023 | 59.61 Mn |
| Sep 30, 2023 | 58.97 Mn |
| Jun 30, 2023 | 61.37 Mn |
| Mar 31, 2023 | 61.32 Mn |
| Dec 31, 2022 | 65.27 Mn |
| Sep 30, 2022 | 60.78 Mn |
| Jun 30, 2022 | 59.65 Mn |
| Mar 31, 2022 | 57.18 Mn |
| Dec 31, 2021 | 57.73 Mn |
| Sep 30, 2021 | 54.25 Mn |