Radware : Q1 2025 Investor Presentation Q1

Published: 2025-05-07 09:22:06 ET RDWR

Published on 05/07/2025 at 09:22

Investor Presentation

May 2025

This is Radware

Radware's Core Business

The Hawks' Business

Application Delivery and Performance

↗ Alteon w/GEL

↗ Load Balance as-a-Service

↗ DNS as-a-service

↗ CDN

↗ Cloud Network Analytics

Infrastructure and DDoS Protection

↗ Cloud DDoS Protection Service

↗ DefensePro X

↗ Web DDoS Protection

↗ DNS DDoS Protection

↗ Firewall as-a-service

↗ Cyber Controller

Cloud Application Protection Kubernetes WAAP

SkyHawk

Protection of application hosted

in the public cloud

↗ CSPM

↗ CIEM

↗ Threat Detection

↗ Cross Cloud Visibility

EdgeHawk

Protection of carrier's Edge

(WAF & API protection)

Alteon Integrated WAF

Challenges to Maintaining Application Security

Key Drivers for CISOs in 2025

New

Regulatory Requirements

New, stricter

regulations on cybersecurity incidents

Hybrid Cloud

Deployments Expand

Hybrid-cloud reality

creates many entry points

Cybersecurity

Staff & Skills Shortages

Organizations cannot

rely on their internal resources only

Shifting

Threat Landscape

Leveraging new tools

& GenAI to attack applications

Challenges to Maintaining Application Security

Key Drivers for CISOs in 2024

Shifting

Threat Landscape

Leveraging new tools

& GenAI to attack applications

Shifting Threat Landscape

+120%

Average growth in DDoS attack volume (2024 vs. 2023) per customer

61%

Increase in bad bot transactions (H1 2024 vs. H2 2023)

+265%

Increase in mitigation Web DDoS attacks (H1 2024 vs. H2 2023)

Attacks increase in frequency, size & complexity across all attack vectors

Source: Radware Threat Landscape Report 2024

What is Fueling the Shifting Threat Landscape?

AI-Powered Revolution

Attackers' "Community" Growing

Attackers'

Motivations Shifting

Attack Tools Evolving

Attackers' Motivations Shifting

Shifting Attack Motivations of Hacktivist Groups

Politically Motivated

Religiously Motivated

Financially Motivated

Anonymous Sudan, Mysterious Team Bangladesh, DragonForce Malaysia, etc.

SKYNET/GODZILLA,

InfraShutdown, Stressers, ATO & Crypto-stealing services, etc.

Attackers' Motivations Shifting

Shifting Attack Motivations of Hacktivist Groups

Politically Motivated

Religiously Motivated

Financially Motivated

UPS

(APR/JUN/SEP 23)

Cloudflare

(Nov '23)

DDoS & Botnet for hire

Attackers offering full marketplace

Canadian PM

(JUN 23)

Credit Agricole

(JUN 23)

Attack Tools

Evolving

All-in-One Modern Attack Tools on Github

DDoS attack

vectors

Bot attack vectors

Web

application exploits

Built-in

bypass again common defenses

Attackers don't distinguish between

WAF, DDoS, Bot attack vectors

Need an integrated platform to overcome

all-in-one attack tools

AI-Powered Revolution

Attackers Use AI to Create Autonomous Attacks

New AI-based CAPTCHA

solving tool

GenAI tools used by attackers

Research shows how LLM Agents can autonomously exploit one-day vulnerabilities*

* [2404.08144] LLM Agents can Autonomously Exploit One-day Vulnerabilities (arxiv.org)

Fight AI with AI: Need AI-Powered Intelligent Security

Challenges to Maintaining Application Security

Key Drivers for CISOs in 2024

New

Regulatory Requirements

New, stricter

regulations on cybersecurity incidents

New Regulatory Requirements

"Registrants must disclose any cybersecurity incident they experience that is determined to be material […] within 4 business days"

New & updated requirements:

WAF requirements

Positive security

API protection

Client-side security

EU-wide legal framework for mandating cybersecurity protection measures

Need an integrated platform to ensure full compliance

Challenges to Maintaining Application Security

Key Drivers for CISOs in 2024

Hybrid Cloud

Deployments Expand

Hybrid-cloud reality

creates many entry points

Hybrid Cloud Deployments Expand

Most Organizations Today Run Hybrid Multi Cloud Environments

55%

Of organizations run three or

more environments

73%

Still maintain their on-prem

hardware data centers

46%

Use on-prem, private cloud

and public cloud all at once

Need consistent protections across diverse environments

Source: Radware Application Security in a Multi-Cloud World 2023

Challenges to Maintaining Application Security

Key Drivers for CISOs in 2024

Cybersecurity

Staff & Skills Shortages

Organizations cannot

rely on their internal resources only

Organizations Face Cybersecurity Staff, Skill Shortages

67%

Face shortages in security

staff or skills

4.9M

Estimated open global

cybersecurity roles

90%

Have one or more skills gaps

on their cybersecurity teams

Need for automated protections and expert managed services

Source: ISC2 Cybersecurity Workforce Study, 2023

What is Needed to Stay Ahead?

Radware.

Intelligent Security

Integrated Platform

Consistent Protections

Expert Defense

correlating across wide array of threats

across all environments and entry points

with 24/7 security experts by your side

Only way to drive lower MTTR, save costs & protect your brand

What is Needed to Stay Ahead?

INTELLIGENT

SECURITY

INTEGRATED

PLATFORM

Radware.

Protecting Your Applications & Infrastructure

CONSISTENT

PROTECTIONS

EXPERT

DEFENSE

Radware 360 Cloud Application Protection

API ABUSE

WEB ATTACKS

PROTECTION

API

WAF

BOT

MANAGER

BAD BOTS

PROTECTION

ATO

ACCOUNT

TAKEOVER

Mobile & Web Applications APIs

Truly exceptional protection for web apps & APIs

AI-BASED ATTACKS

WEB DDOS PROTECTION

DDOS PROTECTION

THREAT INTELLIGENCE

CLIENT SIDE PROTECTION

SUPPLY CHAIN ATTACKS

Radware Customer, Telecommunications

DDOS ATTACKS

KNOWN BAD ACTORS

Introducing

Radware EPIC-AI

End-to-end Powerful Integrated Cybersecurity AI Platform

AI-powered intelligence and GenAI algorithms infused across Radware's cloud security platform

360 Protection with Radware EPIC-AI

AI-Driven

SOC

AI-empowered managed services SecOps enablement

Compliance, analytics & integrations

LOWER MTTR

RT Cloud

Threat intelligence insights & preemptive protection feeds Cross-module AI-based correlation

Continuous AI-powered policy tuning & recommendations

Protection Engines

DDOS PROTECTION

WEB DDOS PROTECTION

WAF

API PROTECTION

BOT MANAGER

ATO PROTECTION

CLIENT SIDE

PROTECTION

Enforcement Points

Real World AI-Powered Protection Where It Matters Most

Accelerate SOC operations & reduce MTTR

AI-led human-empowered SOC to quickly identify root cause & resolve incidents

Block malicious sources across the platform

Surgically block Web DDoS Tsunami Attacks

Preemptive protection with AI-driven 'Source Blocking' algorithms

AI-powered Web DDoS protection with real-time signature creation

The Radware Difference Powered by EPIC-AI

AI-Driven

SOC

EXPERT DEFENSE

LOWER MTTR

RT Cloud Protection Engines

Enforcement Points

AI-based correlation & data-driven feeds

INTELLIGENT SECURITY

AI-powered Web DDoS, DNS, Bot & API protection

CONSISTENT PROTECTIONS

Across Radware & 3rdparty services

Give Your Apps the Most Precise, Hands-Free,

Real-Time Protection

INTELLIGENT

SECURITY

CONSISTENT

PROTECTIONS

INTEGRATED

PLATFORM

EXPERT

DEFENSE

Global Cloud Services Network

Dual local PoP for reduced latency and regulations compliance

SCRUBBING CENTERS

Worldwide

DDoS MITIGATION SCRUBBING CENTER CLOUD APPLICATION PROTECTION PoP

TbpsOF GLOBAL MITIGATION CAPACITY

+Global

CLOUD SECURITY SERVICE CENTERS

Industry Analysts Recognition

SPARK MatrixTM:Bot Mgmt. 2024

THE LEADER

SPARK MatrixTM:WAF 2024

THE LEADER

SPARK MatrixTM:DDoS 2024

THE LEADER

IDC MarketScape: WAAP 2024

MAJOR PLAYER

Apps & API Security 2024

THE LEADER

The Forrester Wave: WAF Q1 25

STRONG PERFORMER

Grid Report: WAF Q2 25

LEADER

Sustainalytics

ESG: Establishing a Clean, Ethical and Human Future

Financial Overview

Q1 2025 Highlights

Cloud ARR

$80 million

+19%YoY

Gross

Margin*

82.1%

+10bp

YoY

EPS*

$0.27

+69%YoY

Operating

$22 million

Comparedto

$21M

Lastyear

Revenue

$72 million

+11%YoY

* Gross margin and EPS are

non-GAAP

Total ARR Driven by Cloud ARR

TOTAL ARR CLOUD ARR

$160M

$176M

$192M

+8%

$201M

$211M

$230M

$80M

+24%

$67M

$55M

$45M

$36M

$27M

Q1 2020 Q1 2021 Q1 2022 Q1 2023 Q1 2024 Q1 2025 Q1 2020 Q1 2021 Q1 2022 Q1 2023 Q1 2024 Q1 2025

Total ARR includes the annualized value of booked orders for services, subscription licenses and maintenance contracts that are in effect at the end of a reporting period

Numbers are rounded

Disclaimer

Radware Ltd. published this content on May 07, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 07, 2025 at 13:21 UTC.