ATEN · A10 Networks, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q4 '24 | Q3 '24 | Q2 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $75.00M | - | $74.68M | $69.38M | $60.67M | - | $66.72M | $60.10M | - | $57.77M |
| Cost of Revenue | $15.28M | - | $14.83M | $14.67M | $11.44M | - | $13.04M | $12.04M | - | $11.01M |
| Gross Profit | $59.72M | - | $59.85M | $54.71M | $49.23M | - | $53.68M | $48.06M | - | $46.77M |
| R&D | $19.02M | - | $18.38M | $16.26M | $14.06M | - | $15.73M | $14.74M | - | $17.62M |
| SG&A | $7.69M | - | $6.95M | $7.18M | $6.74M | - | $6.49M | $5.95M | - | $5.61M |
| Total Operating Expenses | $46.73M | - | $46.86M | $44.40M | $42.02M | - | $43.24M | $40.14M | - | $44.56M |
| D&A | $3.97M | - | $2.60M | $2.40M | $2.69M | - | $1.60M | $1.60M | - | $1.40M |
| Operating Income | $13.00M | - | $12.99M | $10.31M | $7.21M | - | $10.44M | $7.92M | - | $2.21M |
| Interest Expense | $1.90M | - | $1.90M | $1.90M | $300.0K | - | - | - | - | - |
| Income Tax | $2.19M | - | $1.80M | $1.39M | $1.49M | - | $1.75M | $1.51M | - | ($1.51M) |
| Net Income | $12.03M | - | $12.19M | $10.54M | $9.73M | - | $12.64M | $9.48M | - | $6.47M |
| EPS - Basic | $0.17 | - | $0.17 | $0.15 | $0.13 | - | $0.17 | $0.13 | - | $0.09 |
| EPS - Diluted | $0.17 | - | $0.17 | $0.14 | $0.13 | - | $0.17 | $0.13 | - | $0.09 |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q4 '24 | Q3 '24 | Q2 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $57.90M | $71.14M | $86.56M | $252.92M | $95.13M | $95.13M | $78.06M | $77.46M | $97.24M | $104.15M |
| Accounts Receivable | $69.00M | $62.07M | $61.58M | $52.36M | $65.38M | $76.69M | $64.95M | $57.40M | $74.31M | $59.07M |
| Inventory | $20.17M | $18.03M | $18.96M | $20.08M | $20.54M | $22.00M | $23.42M | $25.21M | $23.52M | $23.56M |
| Accounts Payable | $14.08M | $11.69M | $11.22M | $7.00M | $7.64M | $12.54M | $7.54M | $5.64M | $7.02M | $8.21M |
| Current Assets | $479.55M | $475.95M | $468.68M | $457.06M | $458.19M | $307.29M | $283.84M | $275.05M | $271.82M | $264.63M |
| Total Assets | $634.42M | $629.81M | $620.13M | $607.91M | $606.22M | $432.81M | $407.75M | $397.17M | $389.81M | $377.84M |
| Current Liabilities | $129.12M | $133.65M | $128.73M | $108.16M | $113.22M | $123.57M | $127.04M | $115.03M | $111.07M | $111.33M |
| Long-term Debt | $219.15M | $218.79M | $218.45M | $218.09M | $217.72M | - | - | - | - | - |
| Total Liabilities | $413.58M | $418.27M | $413.92M | $403.93M | $410.34M | $200.99M | $190.48M | $182.81M | $181.93M | $180.92M |
| Stockholders' Equity | $220.84M | $211.55M | $206.21M | $203.99M | $195.88M | $231.83M | $217.27M | $214.36M | $207.88M | $196.92M |
| Retained Earnings | $13.82M | $1.79M | ($8.07M) | ($20.26M) | ($30.80M) | ($40.34M) | ($58.65M) | ($71.28M) | ($90.48M) | ($108.40M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q4 '24 | Q3 '24 | Q2 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.23M | - | - | - | $32.44M | - | - | - | - | - |
| Investing Cash Flow | ($8.68M) | - | - | - | $643.0K | - | - | - | - | - |
| Financing Cash Flow | ($6.80M) | - | - | - | ($7.42M) | - | - | - | - | - |
| CapEx | $2.92M | - | - | - | $2.92M | - | - | - | - | - |
| Free Cash Flow | ($689.0K) | - | - | - | $29.52M | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q4 '24 | Q3 '24 | Q2 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 79.6% | - | 80.1% | 78.9% | 81.1% | - | 80.5% | 80.0% | - | 80.9% |
| Operating margin | 17.3% | - | 17.4% | 14.9% | 11.9% | - | 15.7% | 13.2% | - | 3.8% |
| EBITDA margin | 22.6% | - | 20.9% | 18.3% | 16.3% | - | 18.0% | 15.8% | - | 6.2% |
| Net margin | 16.0% | - | 16.3% | 15.2% | 16.0% | - | 18.9% | 15.8% | - | 11.2% |
| Free cash flow margin | -0.9% | - | - | - | 48.7% | - | - | - | - | - |
| FCF / Net income | -0.06 | - | - | - | 3.04 | - | - | - | - | - |
| R&D / Revenue | 25.4% | - | 24.6% | 23.4% | 23.2% | - | 23.6% | 24.5% | - | 30.5% |
| SG&A / Revenue | 10.3% | - | 9.3% | 10.3% | 11.1% | - | 9.7% | 9.9% | - | 9.7% |
| Effective tax rate | 15.4% | - | 12.9% | 11.7% | 13.3% | - | 12.2% | 13.7% | - | -30.4% |
| Return on assets | 1.9% | - | 2.0% | 1.7% | 1.6% | - | 3.1% | 2.4% | - | 1.7% |
| Return on equity | 5.4% | - | 5.9% | 5.2% | 5.0% | - | 5.8% | 4.4% | - | 3.3% |
| Return on invested capital | 2.5% | - | 2.7% | 2.2% | 1.5% | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 3.71 | 3.56 | 3.64 | 4.23 | 4.05 | 2.49 | 2.23 | 2.39 | 2.45 | 2.38 |
| Quick ratio | 3.56 | 3.43 | 3.49 | 4.04 | 3.87 | 2.31 | 2.05 | 2.17 | 2.24 | 2.17 |
| Cash ratio | 0.45 | 0.53 | 0.67 | 2.34 | 0.84 | 0.77 | 0.61 | 0.67 | 0.88 | 0.94 |
| Leverage | ||||||||||
| Debt / Equity | 0.99 | 1.03 | 1.06 | 1.07 | 1.11 | - | - | - | - | - |
| Debt / Assets | 0.35 | 0.35 | 0.35 | 0.36 | 0.36 | - | - | - | - | - |
| Debt / EBITDA | 12.92 | - | 14.01 | 17.16 | 21.98 | - | - | - | - | - |
| Interest coverage | 6.8x | - | 6.8x | 5.4x | 24.0x | - | - | - | - | - |
| Equity multiplier | 2.87 | 2.98 | 3.01 | 2.98 | 3.09 | 1.87 | 1.88 | 1.85 | 1.88 | 1.92 |
| Liabilities / Assets | 0.65 | 0.66 | 0.67 | 0.66 | 0.68 | 0.46 | 0.47 | 0.46 | 0.47 | 0.48 |
| Efficiency | ||||||||||
| Asset turnover | 0.12 | - | 0.12 | 0.11 | 0.10 | - | 0.16 | 0.15 | - | 0.15 |
| Inventory turnover | 0.76 | - | 0.78 | 0.73 | 0.56 | - | 0.56 | 0.48 | - | 0.47 |
| Days sales outstanding | 336d | - | 301d | 275d | 393d | - | 355d | 349d | - | 373d |
| Days inventory outstanding | 482d | - | 467d | 500d | 655d | - | 656d | 764d | - | 781d |
| Days payable outstanding | 336d | - | 276d | 174d | 244d | - | 211d | 171d | - | 272d |
| Cash conversion cycle | 481d | - | 492d | 601d | 805d | - | 800d | 942d | - | 882d |
| Valuation | ||||||||||
| P / E | 136.0x | - | 106.8x | 138.2x | 125.7x | - | 84.9x | 106.5x | - | 167.0x |
| P / B | 7.6x | - | 6.4x | 6.9x | 6.3x | - | 5.0x | 4.9x | - | 5.8x |
| P / S | 22.5x | - | 17.8x | 20.4x | 20.3x | - | 16.2x | 17.4x | - | 19.7x |
| EV / EBITDA | 108.9x | - | 93.5x | 108.6x | 136.6x | - | 83.2x | 101.7x | - | 286.8x |
| Growth | ||||||||||
| Revenue growth (YoY) | - | - | 11.9% | 15.5% | 5.2% | - | 15.5% | -8.7% | - | -19.8% |
| Revenue CAGR (3y) | 9.1% | - | 1.2% | 0.7% | 3.4% | - | 0.7% | 0.5% | - | 0.7% |
| Revenue CAGR (5y) | 6.5% | - | 5.7% | 5.7% | 3.8% | - | 4.8% | 4.1% | - | -0.9% |
| Gross profit growth (YoY) | - | - | 11.5% | 13.8% | 3.7% | - | 14.8% | -8.2% | - | -18.4% |
| Operating income growth (YoY) | - | - | 24.4% | 30.3% | 17.0% | - | 372.7% | -35.5% | - | -85.9% |
| Net income growth (YoY) | - | - | -3.5% | 11.2% | 145.7% | - | 95.3% | -18.5% | - | -46.6% |
| EPS growth (YoY) | - | - | 0.0% | 7.7% | 160.0% | - | 88.9% | -13.3% | - | -43.8% |
| EPS CAGR (3y) | 50.4% | - | 2.0% | 2.5% | 63.0% | - | -43.4% | 17.6% | - | 4.0% |
| EPS CAGR (5y) | 41.5% | - | 16.3% | 22.9% | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | - | -8.7% | -5.1% | -4.8% | 5.6% | 11.5% | 10.3% | 11.1% | 14.8% | 22.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$290.56M totalProduct$167.09M · 57.5%
Service$123.47M · 42.5%
Geographic
$465.74M totalAmericas$175.18M · 37.6%
US$160.53M · 34.5%
APJ$70.52M · 15.1%
EMEA$44.85M · 9.6%
Americas Excluding United States$14.65M · 3.1%
Peer comparison
Same SIC group: Computer Communications Equipment
Comparing A10 Networks against the 5 most active filers in the same SIC group.
Dividends
$0.24/share trailing 12 months · 0.0% YoY
| Ex-date | Per share |
|---|---|
| May 15, 2026 | $0.0600 |
| Feb 13, 2026 | $0.0600 |
| Nov 17, 2025 | $0.0600 |
| Aug 15, 2025 | $0.0600 |
| May 15, 2025 | $0.0600 |
| Feb 14, 2025 | $0.0600 |
| Nov 18, 2024 | $0.0600 |
| Aug 15, 2024 | $0.0600 |
| May 14, 2024 | $0.0600 |
| Feb 15, 2024 | $0.0600 |
| Nov 16, 2023 | $0.0600 |
| Aug 14, 2023 | $0.0600 |
| May 12, 2023 | $0.0600 |
| Feb 16, 2023 | $0.0600 |
| Nov 14, 2022 | $0.0600 |
| Aug 12, 2022 | $0.0500 |
| May 13, 2022 | $0.0500 |
| Feb 14, 2022 | $0.0500 |
| Nov 10, 2021 | $0.0500 |