NYSE : ATEN
A10 Networks, Inc. — Financial statements
Technology · Software - Infrastructure · United States
Last price 24.48 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.78B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
A10 Networks, Inc. (ATEN) reported revenue of 310.17M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 310.17M | 290.56M | 261.70M | 251.70M | 280.34M | 250.04M |
| Cost of Revenue | 63.96M | 60.04M | 51.42M | 47.96M | 56.83M | 53.51M |
| Gross Profit | 246.21M | 230.51M | 210.28M | 203.74M | 223.51M | 196.54M |
| Selling, General & Admin | 117.72M | 113.97M | 108.58M | 109.86M | 112.03M | 109.07M |
| Research & Development | 77.12M | 69.10M | 57.73M | 55.23M | 58.40M | 54.08M |
| Operating Expenses | 194.84M | 183.07M | 166.31M | 165.09M | 170.43M | 163.15M |
| Operating Income | 51.38M | 47.44M | 43.97M | 38.65M | 53.08M | 33.39M |
| Interest Expense | -7.70M | -6.10M | -16.00K | -31.00K | -1.67M | -255.00K |
| Interest & Investment Income | 13.55M | 11.63M | 6.75M | 5.08M | 1.30M | 409.00K |
| Currency Exchange Gain (Loss) | -1.80M | -300.00K | 2.10M | 100.00K | -1.90M | |
| Other Non Operating Income (Expenses) | 38.00K | 52.00K | ||||
| EBT Excluding Unusual Items | 55.46M | 52.72M | 52.80M | 43.80M | 52.72M | 31.64M |
| Merger & Restructuring Charges | -1.30M | -300.00K | ||||
| Gain (Loss) on Sale of Investments | 5.30M | |||||
| Pretax Income | 54.16M | 52.42M | 58.10M | 43.80M | 52.72M | 31.64M |
| Income Tax Expense | 11.19M | 10.29M | 7.96M | 3.83M | 5.81M | -63.24M |
| Net Income | 42.97M | 42.14M | 50.14M | 39.97M | 46.91M | 94.89M |
| Net Income to Common | 42.97M | 42.14M | 50.14M | 39.97M | 46.91M | 94.89M |
| Shares Outstanding (Basic) | 71.82M | 72.25M | 74.09M | 74.21M | 75.53M | 77.05M |
| Shares Outstanding (Diluted) | 73.75M | 73.59M | 75.30M | 75.55M | 77.75M | 80.04M |
| EPS (Basic) | 0.60 | 0.58 | 0.68 | 0.54 | 0.62 | 1.23 |
| EPS (Diluted) | 0.58 | 0.57 | 0.67 | 0.53 | 0.60 | 1.19 |
| Free Cash Flow | 60.94M | 64.77M | 78.22M | 33.62M | 55.30M | 44.93M |
| Free Cash Flow Per Share | 0.83 | 0.88 | 1.04 | 0.45 | 0.71 | 0.56 |
| Dividend Per Share | 0.24 | 0.24 | 0.24 | 0.24 | 0.21 | 0.05 |
| Gross Margin | 79.38% | 79.33% | 80.35% | 80.94% | 79.73% | 78.60% |
| Operating Margin | 16.56% | 16.33% | 16.80% | 15.35% | 18.93% | 13.35% |
| Profit Margin | 13.85% | 14.50% | 19.16% | 15.88% | 16.73% | 37.95% |
| Free Cash Flow Margin | 19.65% | 22.29% | 29.89% | 13.36% | 19.73% | 17.97% |
| EBITDA | 67.08M | 61.80M | 54.76M | 47.99M | 60.46M | 42.30M |
| EBITDA Margin | 21.62% | 21.27% | 20.93% | 19.07% | 21.57% | 16.91% |
| D&A For EBITDA | 15.70M | 14.36M | 10.79M | 9.35M | 7.38M | 8.91M |
| EBIT | 51.38M | 47.44M | 43.97M | 38.65M | 53.08M | 33.39M |
| EBIT Margin | 16.56% | 16.33% | 16.80% | 15.35% | 18.93% | 13.35% |
| Effective Tax Rate | 20.66% | 19.62% | 13.70% | 8.73% | 11.02% | |
| Revenue as Reported | 310.17M | 290.56M | 261.70M | 251.70M | 280.34M | 250.04M |
| Advertising Expenses | 200.00K | 100.00K | 100.00K | 200.00K | 300.00K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 54.68M | 71.14M | 95.13M | 97.24M | 67.97M | 78.92M |
| Short-Term Investments | 302.67M | 306.71M | 100.43M | 62.06M | 83.02M | 106.12M |
| Cash & Short-Term Investments | 357.35M | 377.85M | 195.56M | 159.30M | 150.99M | 185.04M |
| Receivables | 72.24M | 62.07M | 76.69M | 74.31M | 72.93M | 61.80M |
| Inventory | 31.73M | 18.03M | 22.00M | 23.52M | 19.69M | 22.46M |
| Prepaid Expenses | 8.40M | 5.90M | 4.25M | 6.14M | 5.31M | 4.33M |
| Other Current Assets | 13.48M | 12.10M | 8.79M | 8.55M | 8.07M | 10.39M |
| Total Current Assets | 483.20M | 475.95M | 307.29M | 271.82M | 256.99M | 284.02M |
| Property, Plant & Equipment | 55.97M | 59.08M | 50.68M | 46.25M | 40.94M | 33.56M |
| Goodwill | 47.90M | 15.13M | 1.31M | 1.31M | 1.31M | 1.31M |
| Other Intangible Assets | 15.23M | 6.26M | ||||
| Long-Term Deferred Tax Assets | 65.78M | 62.11M | 62.36M | 62.73M | 63.18M | 65.77M |
| Long-Term Deferred Charges | 5.30M | 5.69M | 4.81M | 4.40M | 4.29M | 4.46M |
| Other Long-Term Assets | 4.29M | 5.58M | 6.36M | 3.30M | 2.39M | 3.97M |
| Total Assets | 677.68M | 629.81M | 432.81M | 389.81M | 369.11M | 393.08M |
| Accounts Payable | 25.22M | 11.69M | 12.54M | 7.02M | 6.72M | 6.85M |
| Accrued Expenses | 23.74M | 32.32M | 25.27M | 14.96M | 30.76M | 31.10M |
| Current Portion of Leases | 5.73M | 5.56M | 4.74M | 5.00M | 4.79M | 3.98M |
| Current Income Taxes Payable | 7.08M | 3.25M | 2.69M | 1.43M | 1.64M | 1.02M |
| Current Unearned Revenue | 93.23M | 80.82M | 78.33M | 82.66M | 74.34M | 73.13M |
| Total Current Liabilities | 374.52M | 133.65M | 123.57M | 111.07M | 118.25M | 116.08M |
| Long-Term Debt | 218.79M | |||||
| Long-Term Leases | 838.00K | 3.41M | 7.19M | 11.82M | 16.85M | 19.32M |
| Long-Term Unearned Revenue | 61.60M | 61.98M | 69.92M | 58.68M | 52.65M | 48.50M |
| Other Long-Term Liabilities | 2.76M | 439.00K | 295.00K | 365.00K | 347.00K | 297.00K |
| Total Liabilities | 439.71M | 418.27M | 200.99M | 181.93M | 188.09M | 184.20M |
| Common Stock | 1.00K | 1.00K | 1.00K | 1.00K | 1.00K | 1.00K |
| Additional Paid-In Capital | 551.86M | 531.79M | 508.39M | 486.96M | 466.93M | 446.04M |
| Retained Earnings | -58.71M | -70.99M | -95.76M | -128.10M | -150.26M | -181.24M |
| Treasury Stock | -254.79M | -249.91M | -180.99M | -150.91M | -134.93M | -55.68M |
| Comprehensive Income & Other | -403.00K | 659.00K | 194.00K | -71.00K | -726.00K | -229.00K |
| Shareholders' Equity | 237.97M | 211.55M | 231.83M | 207.88M | 181.01M | 208.89M |
| Total Liabilities & Equity | 677.68M | 629.81M | 432.81M | 389.81M | 369.11M | 393.08M |
| Total Debt | 226.08M | 227.76M | 11.94M | 16.82M | 21.64M | 23.30M |
| Net Cash (Debt) | 131.26M | 150.09M | 183.62M | 142.48M | 129.35M | 161.74M |
| Net Cash Per Share | 1.78 | 2.04 | 2.44 | 1.89 | 1.66 | 2.02 |
| Filing Date Shares Outstanding | 72.61M | 71.72M | 73.97M | 74.50M | 74.09M | 76.39M |
| Total Common Shares Outstanding | 72.45M | 71.50M | 73.69M | 74.36M | 73.74M | 77.42M |
| Working Capital | 108.68M | 342.30M | 183.72M | 160.75M | 138.74M | 167.93M |
| Book Value Per Share | 3.28 | 2.96 | 3.15 | 2.80 | 2.45 | 2.70 |
| Tangible Book Value | 174.84M | 190.15M | 230.52M | 206.57M | 179.71M | 207.58M |
| Tangible Book Value Per Share | 2.41 | 2.66 | 3.13 | 2.78 | 2.44 | 2.68 |
| Machinery | 49.35M | 47.17M | 37.15M | 31.69M | 27.53M | 25.95M |
| Construction In Progress | 12.62M | 29.31M | 22.65M | 13.73M | 9.15M | 4.82M |
| Leasehold Improvements | 3.55M | 3.56M | 3.44M | 3.21M | 3.27M | 3.23M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 42.97M | 42.14M | 50.14M | 39.97M | 46.91M | 94.89M |
| Depreciation & Amortization | 15.70M | 14.36M | 10.79M | 9.35M | 7.38M | 8.91M |
| Other Amortization | 500.00K | 500.00K | 500.00K | |||
| Stock-Based Compensation | 23.39M | 20.03M | 17.05M | 14.08M | 13.33M | 14.42M |
| Provision & Write-off of Bad Debts | -399.00K | -399.00K | 59.00K | -699.00K | -36.00K | -616.00K |
| Other Operating Activities | 4.71M | 3.28M | -424.00K | 117.00K | 793.00K | -62.50M |
| Change in Accounts Receivable | -19.59M | 14.57M | -2.56M | -679.00K | -10.06M | -10.40M |
| Change in Inventory | -11.73M | 3.66M | -760.00K | -6.30M | 2.04M | -1.83M |
| Change in Accounts Payable | 17.13M | -1.52M | 2.22M | -3.00M | 103.00K | 2.00M |
| Change in Unearned Revenue | 10.22M | -7.97M | 6.92M | 14.34M | 5.36M | 12.93M |
| Change in Other Net Operating Assets | -6.04M | -3.76M | 6.54M | -22.66M | 289.00K | -7.71M |
| Operating Cash Flow | 76.86M | 84.89M | 90.49M | 44.51M | 66.10M | 50.10M |
| Capital Expenditures | -15.92M | -20.13M | -12.27M | -10.90M | -10.80M | -5.17M |
| Cash Acquisitions | -34.68M | -19.10M | ||||
| Investment in Securities | -187.81M | -204.41M | -36.08M | 24.50M | 21.89M | -32.90M |
| Investing Cash Flow | -238.41M | -243.64M | -48.35M | 13.61M | 11.09M | -38.07M |
| Long-Term Debt Issued | 225.00M | |||||
| Net Debt Issued (Repaid) | 225.00M | |||||
| Issuance of Common Stock | 3.38M | 3.37M | 3.62M | 4.94M | 7.04M | 5.76M |
| Repurchase of Common Stock | -22.82M | -68.92M | -30.08M | -15.97M | -79.26M | -18.27M |
| Common Dividends Paid | -17.24M | -17.37M | -17.80M | -17.82M | -15.92M | -3.88M |
| Other Financing Activities | -7.33M | |||||
| Financing Cash Flow | -36.69M | 134.75M | -44.26M | -28.85M | -88.14M | -16.38M |
| Net Cash Flow | -198.25M | -23.99M | -2.12M | 29.27M | -10.95M | -4.36M |
| Free Cash Flow | 60.94M | 64.77M | 78.22M | 33.62M | 55.30M | 44.93M |
| Free Cash Flow Margin | 19.65% | 22.29% | 29.89% | 13.36% | 19.73% | 17.97% |
| Free Cash Flow Per Share | 0.83 | 0.88 | 1.04 | 0.45 | 0.71 | 0.56 |
| Levered Free Cash Flow | 61.38M | 63.49M | 57.09M | 22.76M | 36.37M | 33.64M |
| Unlevered Free Cash Flow | 66.20M | 67.30M | 57.10M | 22.78M | 37.42M | 33.80M |
| Cash Interest Paid | 6.43M | 3.33M | 4.00K | |||
| Cash Income Tax Paid | 7.35M | 6.78M | 6.28M | 2.41M | 1.75M | 199.00K |
| Change in Working Capital | -10.01M | 4.99M | 12.38M | -18.30M | -2.28M | -5.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.71B | 1.27B | 1.36B | 976.40M | 1.22B | 1.29B |
| Enterprise Value | 1.58B | 1.13B | 1.19B | 825.32M | 1.12B | 1.12B |
| Last Close Price | 23.52 | 17.56 | 18.03 | 12.69 | 15.75 | 15.49 |
| PE Ratio | 40.55 | 30.11 | 27.08 | 24.43 | 26.04 | 13.55 |
| Forward PE | 21.23 | 19.46 | 22.31 | 15.89 | 20.95 | 24.62 |
| PS Ratio | 5.51 | 4.37 | 5.19 | 3.88 | 4.36 | 5.14 |
| PB Ratio | 7.16 | 6.00 | 5.86 | 4.70 | 6.75 | 6.16 |
| P/TBV Ratio | 9.77 | 6.67 | 5.89 | 4.73 | 6.80 | 6.19 |
| P/FCF Ratio | 28.03 | 19.59 | 17.36 | 29.04 | 22.09 | 28.62 |
| P/OCF Ratio | 22.22 | 14.95 | 15.01 | 21.93 | 18.48 | 25.67 |
| PEG Ratio | 1.61 | 1.43 | 1.06 | 0.80 | 1.05 | 1.09 |
| EV/Sales Ratio | 5.08 | 3.88 | 4.54 | 3.28 | 3.98 | 4.49 |
| EV/EBITDA Ratio | 23.50 | 18.23 | 21.71 | 17.20 | 18.46 | 26.55 |
| EV/EBIT Ratio | 30.69 | 23.75 | 27.04 | 21.36 | 21.03 | 33.64 |
| EV/FCF Ratio | 25.87 | 17.40 | 15.20 | 24.55 | 20.19 | 25.00 |
| Debt / Equity Ratio | 0.95 | 1.08 | 0.05 | 0.08 | 0.12 | 0.11 |
| Debt / EBITDA Ratio | 3.14 | 3.41 | 0.20 | 0.32 | 0.33 | 0.49 |
| Debt / FCF Ratio | 3.71 | 3.52 | 0.15 | 0.50 | 0.39 | 0.52 |
| Net Debt / Equity Ratio | -0.55 | -0.71 | -0.79 | -0.69 | -0.71 | -0.77 |
| Net Debt / EBITDA Ratio | -1.96 | -2.43 | -3.35 | -2.97 | -2.14 | -3.82 |
| Net Debt / FCF Ratio | -2.15 | -2.32 | -2.35 | -4.24 | -2.34 | -3.60 |
| Asset Turnover | 0.48 | 0.55 | 0.64 | 0.66 | 0.74 | 0.73 |
| Inventory Turnover | 2.47 | 3.00 | 2.26 | 2.22 | 2.70 | 2.48 |
| Quick Ratio | 1.15 | 3.29 | 2.20 | 2.10 | 1.89 | 2.13 |
| Current Ratio | 1.29 | 3.56 | 2.49 | 2.45 | 2.17 | 2.45 |
| Return on Equity (ROE) | 19.45% | 19.01% | 22.81% | 20.56% | 24.06% | 58.42% |
| Return on Assets (ROA) | 5.00% | 5.58% | 6.68% | 6.37% | 8.71% | 6.10% |
| Return on Invested Capital (ROIC) | 44.18% | 69.55% | 66.80% | 60.27% | 95.60% | 70.82% |
| Return on Capital Employed (ROCE) | 16.90% | 9.60% | 14.20% | 13.90% | 21.20% | 12.10% |
| Earnings Yield | 2.47% | 3.32% | 3.69% | 4.09% | 3.84% | 7.38% |
| FCF Yield | 3.57% | 5.10% | 5.76% | 3.44% | 4.53% | 3.49% |
| Dividend Yield | 1.02% | 1.35% | 1.30% | 1.83% | 1.27% | 0.30% |
| Payout Ratio | 41.38% | 41.22% | 35.49% | 44.58% | 33.94% | 4.09% |
| Buyback Yield / Dilution | 1.19% | 2.27% | 0.33% | 2.83% | 2.86% | -0.02% |
| Total Shareholder Return | 2.21% | 3.63% | 1.63% | 4.66% | 4.12% | 0.28% |