A10 Networks (ATEN) Financials

$17.29 -0.17 (-0.98%)

As of 01:34 PM Eastern

Annual Income Statements for A10 Networks

This table shows A10 Networks' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Income / (Loss) Attributable to Common Shareholders	50	40	47	95	18	-18	-28	-11	-22	-42	-36
Consolidated Net Income / (Loss)	50	40	47	95	18	-18	-28	-11	-22	-42	-35
Net Income / (Loss) Continuing Operations	50	40	47	95	18	-18	-28	-11	-22	-42	-35
Total Pre-Tax Income	58	44	53	32	19	-16	-27	-9.55	-22	-41	-33
Total Operating Income	44	39	53	33	18	-17	-28	-10	-21	-40	-30
Total Gross Profit	210	204	224	197	175	164	180	182	173	148	137
Total Revenue	262	252	280	250	226	213	232	235	227	196	180
Operating Revenue	262	252	280	250	226	213	232	235	227	196	180
Total Cost of Revenue	51	48	57	54	50	49	52	53	54	48	43
Operating Cost of Revenue	51	48	57	54	50	49	52	53	54	48	43
Total Operating Expenses	166	165	170	163	158	181	208	192	193	188	167
Selling, General & Admin Expense	25	24	24	23	22	24	40	28	26	27	23
Marketing Expense	83	86	89	86	78	93	103	101	104	105	97
Research & Development Expense	58	55	58	54	58	62	65	63	61	55	50
Restructuring Charge	0.00	0.00	0.00	0.00	0.00	2.53	0.00	0.00	-	-	-
Total Other Income / (Expense), net	14	5.15	-0.73	-1.75	1.41	0.68	1.14	0.83	-1.06	-0.84	-2.94
Interest & Investment Income	14	5.15	-0.36	-1.75	1.41	0.92	1.27	0.99	-0.64	-0.33	-1.91
Income Tax Expense	7.96	3.83	5.81	-63	1.32	1.41	1.08	1.21	0.76	0.75	1.51
Basic Earnings per Share	$0.68	$0.54	$0.62	$1.23	$0.23	($0.23)	($0.38)	($0.15)	($0.34)	($0.67)	($0.74)
Weighted Average Basic Shares Outstanding	74.09M	74.21M	75.53M	77.05M	77.78M	76.08M	72.88M	70.05M	65.70M	62.43M	48.68M
Diluted Earnings per Share	$0.67	$0.53	$0.60	$1.19	$0.22	($0.23)	($0.38)	($0.15)	($0.34)	($0.67)	($0.74)
Weighted Average Diluted Shares Outstanding	75.30M	75.55M	77.75M	80.04M	80.02M	76.08M	72.88M	70.05M	65.70M	62.43M	48.68M
Weighted Average Basic & Diluted Shares Outstanding	73.97M	-	148.99M	76.39M	76.91M	76.08M	72.88M	70.05M	65.70M	62.43M	48.68M
Cash Dividends to Common per Share	$0.24	$0.24	$0.24	$0.20	-	-	-	-	-	-	-

This table shows A10 Networks' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	18	13	9.48	9.73	18	6.47	12	3.96	18	12
Consolidated Net Income / (Loss)	18	13	9.48	9.73	18	6.47	12	3.96	18	12
Net Income / (Loss) Continuing Operations	18	13	9.48	9.73	18	6.47	12	3.96	18	12
Total Pre-Tax Income	22	14	11	11	19	4.96	15	4.92	16	15
Total Operating Income	18	10	7.92	7.21	18	2.21	12	6.17	16	16
Total Gross Profit	59	54	48	49	57	47	52	47	62	57
Total Revenue	74	67	60	61	70	58	66	58	78	72
Operating Revenue	74	67	60	61	70	58	66	58	78	72
Total Cost of Revenue	15	13	12	11	13	11	13	10	16	15
Operating Cost of Revenue	15	13	12	11	13	11	13	10	-	15
Total Operating Expenses	41	43	40	42	39	45	40	41	46	42
Selling, General & Admin Expense	6.10	6.49	5.95	6.74	5.71	5.61	5.26	7.31	6.36	5.66
Marketing Expense	22	21	19	21	21	21	21	22	22	22
Research & Development Expense	13	16	15	14	12	18	14	12	17	14
Total Other Income / (Expense), net	3.11	3.95	3.07	4.01	1.09	2.75	2.55	-1.25	-0.26	-0.44
Income Tax Expense	3.21	1.75	1.51	1.49	1.18	-1.51	3.19	0.96	-1.66	3.12
Basic Earnings per Share	$0.25	$0.17	$0.13	$0.13	$0.24	$0.09	$0.16	$0.05	$0.24	$0.16
Weighted Average Basic Shares Outstanding	74.09M	73.82M	74.37M	74.45M	74.21M	74.53M	74.02M	74.00M	75.53M	75.88M
Diluted Earnings per Share	$0.24	$0.17	$0.13	$0.13	$0.24	$0.09	$0.15	$0.05	$0.23	$0.16
Weighted Average Diluted Shares Outstanding	75.30M	74.78M	75.50M	75.32M	75.55M	75.81M	75.43M	75.54M	77.75M	77.68M
Weighted Average Basic & Diluted Shares Outstanding	73.97M	73.80M	73.87M	74.46M	0.00	74.14M	74.11M	73.97M	148.99M	73.45M

This table details how cash moves in and out of A10 Networks' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Change in Cash & Equivalents	-2.12	29	-11	-4.36	38	5.12	-5.95	18	-69	6.21	71
Net Cash From Operating Activities	90	45	66	50	55	-0.43	-2.69	14	19	3.39	-31
Net Cash From Continuing Operating Activities	90	45	66	50	55	-0.43	-2.69	14	19	3.39	-31
Net Income / (Loss) Continuing Operations	50	40	47	95	18	-18	-28	-11	-22	-42	-35
Consolidated Net Income / (Loss)	50	40	47	95	18	-18	-28	-11	-22	-42	-35
Depreciation Expense	11	9.35	7.38	8.91	11	10	7.88	8.51	8.27	8.72	10
Non-Cash Adjustments To Reconcile Net Income	17	13	14	15	13	16	17	18	19	19	6.33
Changes in Operating Assets and Liabilities, net	12	-18	-2.28	-69	13	-8.82	-0.14	-1.37	14	17	-12
Net Cash From Investing Activities	-48	14	11	-38	5.20	-0.25	-6.88	-5.14	-96	-3.48	-6.10
Net Cash From Continuing Investing Activities	-48	14	11	-38	5.20	-0.25	-6.88	-5.14	-96	-3.48	-6.10
Purchase of Property, Plant & Equipment	-12	-11	-11	-5.17	-3.56	-4.34	-2.80	-5.73	-4.87	-3.48	-6.10
Purchase of Investments	-143	-85	-55	-129	-58	-72	-88	-87	-126	0.00	0.00
Sale and/or Maturity of Investments	107	110	77	96	67	76	84	88	41	0.00	0.00
Net Cash From Financing Activities	-44	-29	-88	-16	-23	5.80	3.62	8.42	8.44	6.30	108
Net Cash From Continuing Financing Activities	-44	-29	-88	-16	-23	5.80	3.62	8.42	8.44	6.30	108
Repurchase of Common Equity	-30	-16	-79	-18	-33	0.00	0.00	-3.07	-1.80	0.00	0.00
Payment of Dividends	-18	-18	-16	-3.88	0.00	0.00	-	-	-	-	-
Issuance of Common Equity	3.62	4.94	7.04	5.76	9.59	5.80	3.70	12	10	6.02	7.03
Cash Interest Paid	0.00	0.00	0.00	0.00	0.00	0.26	0.10	0.11	0.19	0.17	0.50
Cash Income Taxes Paid	6.28	2.41	1.75	0.20	1.03	0.93	0.52	1.11	0.58	0.98	1.11

This table details how cash moves in and out of A10 Networks' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	17	0.61	-45	26	-6.91	-7.03	43	0.55	36	-52
Net Cash From Operating Activities	26	20	12	32	2.73	23	20	-0.85	27	14
Net Cash From Continuing Operating Activities	26	20	12	32	2.73	23	20	-0.85	27	14
Net Income / (Loss) Continuing Operations	18	13	9.48	9.73	18	6.47	12	3.96	18	12
Consolidated Net Income / (Loss)	18	13	9.48	9.73	18	6.47	12	3.96	18	12
Depreciation Expense	3.05	2.74	2.82	2.69	2.50	2.54	2.20	2.11	1.84	1.83
Non-Cash Adjustments To Reconcile Net Income	5.41	3.57	3.41	4.30	1.55	5.01	3.37	3.57	4.22	3.44
Changes in Operating Assets and Liabilities, net	-1.05	1.19	-3.49	16	-19	9.04	2.37	-10	3.23	-3.35
Net Cash From Investing Activities	-0.16	-5.72	-43	0.64	0.17	-24	32	5.37	11	-16
Net Cash From Continuing Investing Activities	-0.16	-5.72	-43	0.64	0.17	-24	32	5.37	11	-16
Purchase of Property, Plant & Equipment	-2.38	-3.47	-3.49	-2.93	-3.14	-2.69	-2.39	-2.68	-2.54	-3.24
Purchase of Investments	-15	-21	-66	-41	-10	-30	-23	-21	-9.71	-24
Sale and/or Maturity of Investments	18	19	26	44	14	9.48	58	29	23	11
Net Cash From Financing Activities	-8.49	-14	-15	-7.42	-9.80	-6.49	-8.58	-3.97	-2.03	-50
Net Cash From Continuing Financing Activities	-8.49	-14	-15	-7.42	-9.80	-6.49	-8.58	-3.97	-2.03	-50
Repurchase of Common Equity	-5.76	-9.45	-12	-3.04	-7.30	-2.44	-6.23	0.00	-	-47
Payment of Dividends	-4.43	-4.43	-4.47	-4.47	-4.45	-4.49	-4.43	-4.45	-4.41	-3.85
Issuance of Common Equity	1.71	0.07	1.77	0.09	1.95	0.44	2.09	0.47	2.38	1.69

This table presents A10 Networks' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Total Assets	433	390	369	393	291	274	236	225	217	190	187
Total Current Assets	307	272	257	284	242	221	215	204	197	177	171
Cash & Equivalents	95	97	68	79	0.00	0.00	41	47	29	98	92
Short-Term Investments	100	62	83	106	75	84	88	85	85	0.00	-
Accounts Receivable	77	74	73	62	51	54	54	48	61	55	54
Inventories, net	22	24	20	22	21	22	18	18	16	19	21
Prepaid Expenses	13	15	13	15	12	15	15	6.83	5.22	5.06	4.73
Plant, Property, & Equipment, net	39	30	20	11	7.89	7.66	7.26	9.91	8.22	8.90	11
Total Noncurrent Assets	86	88	92	98	41	45	14	11	12	4.40	4.86
Goodwill	1.31	1.31	1.31	1.31	1.31	1.31	1.31	1.31	1.31	0.07	-
Intangible Assets	0.00	0.00	0.00	0.00	0.86	2.31	3.75	5.19	6.63	0.80	-
Noncurrent Deferred & Refundable Income Taxes	62	63	63	66	0.94	-	-	-	-	-	-
Other Noncurrent Operating Assets	23	24	28	31	38	42	8.62	4.65	3.87	3.53	4.86
Total Liabilities & Shareholders' Equity	433	390	369	393	291	274	236	225	217	190	187
Total Liabilities	201	182	188	184	175	165	132	126	134	112	90
Total Current Liabilities	124	111	118	116	108	98	97	93	101	87	71
Accounts Payable	13	7.02	6.73	6.85	4.85	7.59	8.20	9.03	9.85	11	8.99
Accrued Expenses	33	21	37	36	37	28	25	22	32	28	22
Current Deferred Revenue	78	83	74	73	66	62	64	62	60	49	39
Total Noncurrent Liabilities	77	71	70	68	67	68	35	34	33	25	20
Noncurrent Deferred Revenue	70	59	53	48	43	39	34	33	32	23	18
Other Noncurrent Operating Liabilities	7.49	12	17	20	24	29	0.53	0.97	0.99	1.41	1.77
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	232	208	181	209	116	109	104	98	83	78	97
Total Preferred & Common Equity	232	208	181	209	116	109	104	98	83	78	97
Total Common Equity	232	208	181	209	116	109	104	98	83	78	97
Common Stock	508	487	467	446	426	403	376	356	329	302	278
Retained Earnings	-40	-90	-130	-177	-272	-290	-272	-257	-246	-224	-182
Treasury Stock	-181	-151	-135	-56	-37	-4.87	-	-	-	-	-
Accumulated Other Comprehensive Income / (Loss)	0.19	-0.07	-0.73	-0.23	0.10	0.25	-0.14	-0.12	-0.05	0.00	-
Other Equity Adjustments	-55	-38	-20	-3.88	-	-	-	-	-	-	-

This table presents A10 Networks' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	408	397	396	378	368	357	353
Total Current Assets	284	275	276	265	256	245	238
Cash & Equivalents	78	77	123	104	111	69	32
Short-Term Investments	104	100	59	65	43	76	96
Accounts Receivable	65	57	56	59	69	67	74
Inventories, net	23	25	25	24	20	20	21
Prepaid Expenses	13	15	13	13	13	13	15
Plant, Property, & Equipment, net	37	34	30	26	25	22	18
Total Noncurrent Assets	87	88	89	87	87	90	97
Goodwill	1.31	1.31	1.31	1.31	1.31	1.31	1.31
Noncurrent Deferred & Refundable Income Taxes	63	62	62	61	60	62	66
Other Noncurrent Operating Assets	23	24	26	25	25	27	30
Total Liabilities & Shareholders' Equity	408	397	396	378	368	357	353
Total Liabilities	190	183	181	181	175	172	192
Total Current Liabilities	127	115	113	111	107	103	122
Accounts Payable	7.54	5.64	5.05	8.21	6.40	5.91	6.05
Accrued Expenses	30	27	24	24	23	21	41
Current Deferred Revenue	90	82	83	80	78	76	75
Total Noncurrent Liabilities	63	68	68	70	68	69	70
Noncurrent Deferred Revenue	55	58	58	56	54	53	51
Other Noncurrent Operating Liabilities	8.73	9.82	11	13	15	16	18
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	217	214	214	197	193	186	161
Total Preferred & Common Equity	217	214	214	197	193	186	161
Total Common Equity	217	214	214	197	193	186	161
Common Stock	502	498	491	482	477	471	461
Retained Earnings	-59	-71	-81	-108	-115	-126	-148
Treasury Stock	-175	-166	-154	-144	-141	-135	-135
Accumulated Other Comprehensive Income / (Loss)	0.21	0.47	-0.06	0.33	0.54	-0.16	-1.34
Other Equity Adjustments	-51	-47	-42	-33	-29	-24	-15

This table displays calculated financial ratios and metrics derived from A10 Networks' official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	3.97%	-10.22%	12.12%	10.87%	6.07%	-8.44%	-1.36%	3.58%	15.80%	9.35%	26.65%
EBITDA Growth	15.14%	-20.14%	42.09%	45.66%	510.93%	64.31%	-963.89%	84.87%	61.06%	-56.79%	-27.83%
EBIT Growth	13.77%	-26.69%	57.89%	88.28%	203.74%	38.24%	-166.86%	49.58%	48.97%	-33.16%	-32.52%
NOPAT Growth	7.58%	-25.32%	-52.83%	506.54%	237.95%	38.24%	-166.86%	49.58%	48.97%	-33.16%	-32.52%
Net Income Growth	25.44%	-14.79%	-50.56%	432.59%	199.98%	35.48%	-156.88%	51.99%	46.56%	-20.67%	-28.14%
EPS Growth	26.42%	-11.67%	-49.58%	440.91%	195.65%	39.47%	-153.33%	55.88%	49.25%	9.46%	76.43%
Operating Cash Flow Growth	103.29%	-32.66%	31.94%	-9.39%	13,077.93%	84.19%	-118.82%	-23.77%	453.76%	111.10%	-21.51%
Free Cash Flow Firm Growth	42.46%	56.76%	-34.05%	-9.09%	344.93%	44.55%	-352.42%	-124.87%	25.47%	89.69%	-444.47%
Invested Capital Growth	-25.33%	0.00%	103.71%	156.56%	-99.47%	13.71%	25.21%	-3.65%	-58.67%	-527.30%	149.06%
Revenue Q/Q Growth	0.00%	-2.79%	2.55%	3.31%	29.61%	-19.25%	-34.00%	104.24%	3.34%	4.67%	1.70%
EBITDA Q/Q Growth	0.00%	1.93%	7.20%	8.72%	35.73%	31.41%	-23.02%	46.60%	40.18%	12.14%	-71.10%
EBIT Q/Q Growth	0.00%	0.65%	8.34%	13.84%	76.89%	12.76%	-13.42%	13.96%	27.61%	11.46%	-42.83%
NOPAT Q/Q Growth	0.00%	-2.09%	14.93%	-10.53%	135.23%	37.57%	-13.42%	13.96%	27.61%	11.46%	-42.83%
Net Income Q/Q Growth	0.00%	-0.28%	18.44%	3.14%	127.07%	-131.62%	-121.35%	93.65%	21.08%	13.96%	-42.86%
EPS Q/Q Growth	0.00%	1.92%	17.65%	4.39%	57.14%	14.81%	-11.76%	25.00%	24.44%	-15.52%	45.99%
Operating Cash Flow Q/Q Growth	0.00%	-35.59%	38.67%	-13.58%	25.65%	86.17%	-120.10%	105.69%	6.71%	136.14%	-69.74%
Free Cash Flow Firm Q/Q Growth	789.96%	-14.19%	-7.30%	-41.54%	56.36%	34.04%	-3.44%	27.86%	49.06%	73.46%	0.00%
Invested Capital Q/Q Growth	3.15%	74.23%	47.37%	47.76%	-12.69%	-3.48%	-0.02%	4.02%	7.47%	-1.66%	421.82%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	80.35%	80.94%	79.73%	78.60%	77.76%	77.01%	77.65%	77.35%	76.06%	75.34%	76.08%
EBITDA Margin	21.12%	19.07%	21.44%	16.92%	12.87%	-3.32%	-8.53%	-0.79%	-5.41%	-16.10%	-11.23%
Operating Margin	16.80%	15.35%	18.93%	13.35%	7.86%	-8.04%	-11.92%	-4.41%	-9.05%	-20.54%	-16.86%
EBIT Margin	16.80%	15.35%	18.80%	13.35%	7.86%	-8.04%	-11.92%	-4.41%	-9.05%	-20.54%	-16.86%
Profit (Net Income) Margin	19.16%	15.88%	16.73%	37.95%	7.90%	-8.38%	-11.89%	-4.57%	-9.85%	-21.35%	-19.34%
Tax Burden Percent	86.30%	91.27%	88.98%	299.88%	93.09%	108.57%	104.08%	112.63%	103.50%	101.82%	104.54%
Interest Burden Percent	132.14%	113.32%	100.00%	94.77%	107.93%	96.01%	95.87%	92.03%	105.17%	102.09%	109.72%
Effective Tax Rate	13.70%	8.73%	11.02%	-199.88%	6.91%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	89.44%	72.61%	130.43%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	82.57%	69.66%	130.62%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	-66.64%	-53.39%	-107.92%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	22.81%	19.23%	22.51%	58.42%	15.85%	-16.76%	-27.31%	-11.87%	-27.82%	-47.95%	181.23%
Cash Return on Invested Capital (CROIC)	118.45%	72.61%	62.14%	143.08%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-758.53%
Operating Return on Assets (OROA)	10.69%	9.91%	13.47%	9.76%	6.28%	-6.70%	-12.02%	-4.70%	-10.12%	-21.39%	-21.56%
Return on Assets (ROA)	12.19%	10.25%	11.98%	27.75%	6.31%	-6.99%	-11.99%	-4.87%	-11.01%	-22.23%	-24.73%
Return on Common Equity (ROCE)	22.81%	19.23%	22.51%	58.42%	15.85%	-16.76%	-27.31%	-11.87%	-27.82%	-47.95%	181.23%
Return on Equity Simple (ROE_SIMPLE)	21.63%	19.23%	22.57%	45.42%	15.36%	-16.38%	-26.58%	-10.93%	-27.06%	-53.57%	-35.96%
Net Operating Profit after Tax (NOPAT)	38	35	47	100	17	-12	-19	-7.26	-14	-28	-21
NOPAT Margin	14.50%	14.01%	16.85%	40.04%	7.32%	-5.63%	-8.34%	-3.08%	-6.33%	-14.38%	-11.80%
Net Nonoperating Expense Percent (NNEP)	6.87%	2.95%	-0.19%	-3.05%	0.91%	-4.53%	-6.35%	-2.84%	-7.52%	-14.40%	80.83%
Return On Investment Capital (ROIC_SIMPLE)	16.37%	16.97%	22.72%	-	-	-	-	-	-	-	-
Cost of Revenue to Revenue	19.65%	19.06%	20.27%	21.40%	22.24%	22.99%	22.35%	22.65%	23.94%	24.66%	23.92%
SG&A Expenses to Revenue	9.66%	9.49%	8.39%	9.37%	9.69%	11.15%	17.07%	11.95%	11.57%	13.56%	12.78%
R&D to Revenue	22.06%	21.94%	20.83%	21.63%	25.75%	29.08%	28.06%	26.76%	26.71%	27.94%	27.80%
Operating Expenses to Revenue	63.55%	65.59%	60.79%	65.25%	69.90%	85.05%	89.57%	81.76%	85.11%	95.88%	92.94%
Earnings before Interest and Taxes (EBIT)	44	39	53	33	18	-17	-28	-10	-21	-40	-30
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	55	48	60	42	29	-7.07	-20	-1.86	-12	-32	-20
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.84	4.61	5.66	5.89	6.22	4.61	4.23	5.30	6.44	5.07	2.62
Price to Tangible Book Value (P/TBV)	5.87	4.64	5.70	5.93	6.34	4.77	4.44	5.67	7.12	5.12	2.62
Price to Revenue (P/Rev)	5.17	3.80	4.20	4.92	3.20	2.36	1.89	2.21	2.34	2.02	1.41
Price to Earnings (P/E)	27.01	23.96	25.10	12.97	40.50	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	1.31%	1.86%	1.31%	0.32%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	3.70%	4.17%	3.98%	7.71%	2.47%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	31.94	16.43	20.96	43.83	0.00	0.00	0.00	0.00	0.00	0.00	34.47
Enterprise Value to Revenue (EV/Rev)	4.43	3.17	3.63	4.18	2.87	1.96	1.34	1.66	1.84	1.52	0.89
Enterprise Value to EBITDA (EV/EBITDA)	20.97	16.63	16.94	24.71	22.27	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	26.35	20.65	19.31	31.30	36.47	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	30.53	22.63	21.55	10.44	39.17	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	12.80	17.93	15.40	20.86	11.70	0.00	0.00	27.24	22.28	87.94	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	23.06	22.63	45.24	30.63	17.23	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.81	-0.77	-0.83	-1.06	-1.28	-1.21	-1.28	-1.36	-1.32	-1.09	-0.87
Leverage Ratio	1.87	1.88	1.88	2.11	2.51	2.40	2.28	2.44	2.53	2.16	-7.33
Compound Leverage Factor	2.47	2.12	1.88	2.00	2.71	2.30	2.18	2.24	2.66	2.20	-8.04
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	5.36	4.30	5.22	4.80	2.70	1.45	1.58	2.36	2.06	1.38	1.39
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.49	2.45	2.45	2.45	2.25	2.26	2.21	2.20	1.94	2.03	2.42
Quick Ratio	2.20	2.10	2.10	2.13	1.17	1.41	1.87	1.93	1.73	1.76	2.06
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	50	35	23	34	38	-15	-28	-6.11	-2.72	-3.64	-35
Operating Cash Flow to CapEx	737.63%	408.54%	612.09%	968.81%	1,551.23%	-9.82%	-96.32%	249.63%	385.43%	97.53%	-500.62%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	-64.65	-214.20	-37.70	-6.41	-7.16	-34.38
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	-1.80	-20.88	88.36	44.29	6.66	-29.71
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	-20.11	-42.57	52.96	32.80	-0.17	-35.64
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.64	0.65	0.72	0.73	0.80	0.83	1.01	1.07	1.12	1.04	1.28
Accounts Receivable Turnover	3.47	3.39	4.12	4.43	4.31	3.95	4.54	4.30	3.92	3.61	3.91
Inventory Turnover	2.26	2.04	2.47	2.48	2.33	2.43	2.92	3.19	3.15	2.46	2.27
Fixed Asset Turnover	7.58	8.42	13.82	26.92	29.02	28.51	27.04	25.97	26.55	19.94	17.44
Accounts Payable Turnover	5.26	6.83	8.19	9.14	8.06	6.19	6.02	5.65	5.35	4.96	4.71
Days Sales Outstanding (DSO)	105.30	107.76	88.60	82.36	84.66	92.30	80.35	84.92	93.17	101.12	93.24
Days Inventory Outstanding (DIO)	161.59	179.01	147.66	147.32	156.90	150.51	124.87	114.41	115.73	148.40	160.95
Days Payable Outstanding (DPO)	69.45	53.45	44.56	39.92	45.28	58.97	60.61	64.64	68.28	73.53	77.45
Cash Conversion Cycle (CCC)	197.44	233.31	191.71	189.77	196.28	183.85	144.60	134.70	140.62	175.99	176.74
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	36	49	49	24	-42	-21	-24	-33	-32	-20	4.66
Invested Capital Turnover	6.17	5.18	7.74	-27.31	-7.13	-9.32	-8.11	-7.32	-8.83	-25.74	-74.21
Increase / (Decrease) in Invested Capital	-12	0.00	25	66	-21	3.36	8.26	-1.15	-12	-25	14
Enterprise Value (EV)	1,159	798	1,018	1,045	647	418	311	390	418	298	161
Market Capitalization	1,354	957	1,177	1,230	721	502	439	521	533	396	253
Book Value per Share	$3.14	$2.80	$2.83	$2.69	$1.51	$1.42	$1.41	$1.39	$1.23	$1.23	$1.59
Tangible Book Value per Share	$3.12	$2.79	$2.81	$2.68	$1.48	$1.37	$1.34	$1.30	$1.11	$1.22	$1.59
Total Capital	232	208	208	209	116	109	104	98	83	78	97
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-196	-159	-159	-185	-75	-84	-128	-131	-114	-98	-92
Capital Expenditures (CapEx)	12	11	11	5.17	3.56	4.34	2.80	5.73	4.87	3.48	6.10
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-12	1.46	1.46	-17	60	39	-11	-20	-19	-8.57	8.75
Debt-free Net Working Capital (DFNWC)	184	161	161	168	135	123	118	111	95	90	101
Net Working Capital (NWC)	184	161	161	168	135	123	118	111	95	90	101
Net Nonoperating Expense (NNE)	-12	-4.70	0.32	5.24	-1.31	5.85	8.24	3.49	7.99	14	14
Net Nonoperating Obligations (NNO)	-196	-159	-159	-185	-158	-130	-128	-131	-114	-98	-92
Total Depreciation and Amortization (D&A)	11	9.35	7.38	8.91	11	10	7.88	8.51	8.27	8.72	10
Debt-free, Cash-free Net Working Capital to Revenue	-4.53%	0.58%	0.52%	-6.84%	26.46%	18.43%	-4.65%	-8.52%	-8.39%	-4.36%	4.88%
Debt-free Net Working Capital to Revenue	70.20%	63.87%	57.34%	67.16%	59.65%	58.02%	50.63%	47.18%	41.92%	45.62%	56.07%
Net Working Capital to Revenue	70.20%	63.87%	57.34%	67.16%	59.65%	58.02%	50.63%	47.18%	41.92%	45.62%	56.07%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.68	$0.00	$0.00	$1.23	$0.23	($0.23)	($0.38)	($0.15)	($0.32)	($0.64)	($0.74)
Adjusted Weighted Average Basic Shares Outstanding	74.09M	0.00	0.00	77.05M	77.78M	78.27M	75.05M	70.05M	68.35M	64.31M	48.68M
Adjusted Diluted Earnings per Share	$0.67	$0.00	$0.00	$1.19	$0.22	($0.23)	($0.38)	($0.15)	($0.32)	($0.64)	($0.74)
Adjusted Weighted Average Diluted Shares Outstanding	75.30M	0.00	0.00	80.04M	80.02M	78.27M	75.05M	70.05M	68.35M	64.31M	48.68M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	($0.23)	($0.38)	($0.15)	($0.32)	($0.64)	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	73.97M	0.00	0.00	76.39M	76.91M	76.08M	72.88M	70.05M	65.70M	62.43M	61.54M
Normalized Net Operating Profit after Tax (NOPAT)	38	35	47	23	17	-10	-19	-7.26	-13	-27	-21
Normalized NOPAT Margin	14.50%	14.01%	16.85%	9.35%	7.32%	-4.79%	-8.34%	-3.08%	-5.69%	-13.59%	-11.80%
Pre Tax Income Margin	22.20%	17.40%	18.80%	12.65%	8.49%	-7.72%	-11.43%	-4.05%	-9.52%	-20.96%	-18.50%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	-72.13	-214.57	-64.02	-48.51	-79.19	-29.45
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	-50.49	-150.20	-44.82	-33.96	-55.43	-20.61
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	-90.44	-236.25	-99.42	-60.00	-86.02	-35.38
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	-68.80	-171.88	-80.21	-45.45	-62.27	-26.55
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	35.49%	44.58%	33.94%	4.09%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	95.49%	84.54%	202.91%	23.34%	182.64%	0.00%	0.00%	-28.56%	-8.03%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from A10 Networks' official financial filings.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	5.38%	15.48%	-8.69%	5.17%	-9.30%	-19.82%	-3.17%	-7.95%	9.85%	10.25%
EBITDA Growth	4.55%	170.25%	-26.38%	102.00%	8.23%	-65.51%	6.79%	-34.28%	38.22%	34.83%
EBIT Growth	2.17%	299.09%	-34.83%	141.55%	5.27%	-78.40%	5.25%	-46.42%	44.41%	47.40%
NOPAT Growth	-7.33%	218.47%	-29.06%	26.08%	-5.71%	-76.89%	-4.16%	-26.90%	59.21%	-83.68%
Net Income Growth	2.14%	95.35%	-18.49%	145.73%	-0.63%	-46.59%	11.62%	-37.66%	68.06%	-83.82%
EPS Growth	0.00%	88.89%	-13.33%	160.00%	4.35%	-43.75%	15.38%	-37.50%	64.29%	-82.98%
Operating Cash Flow Growth	841.41%	-12.70%	-37.62%	3,934.99%	-90.01%	64.33%	121.56%	-105.32%	207.25%	-35.53%
Free Cash Flow Firm Growth	65.52%	-76.28%	702.70%	201.69%	347.88%	282.53%	97.62%	71.00%	87.55%	-119.12%
Invested Capital Growth	-25.33%	26.12%	-4.64%	-21.30%	0.00%	-15.41%	39.55%	92.54%	103.71%	104.24%
Revenue Q/Q Growth	11.22%	11.02%	-0.95%	0.00%	21.88%	-12.22%	14.09%	-25.69%	7.74%	6.01%
EBITDA Q/Q Growth	38.36%	28.74%	-1.59%	0.00%	257.64%	-64.93%	170.04%	-71.05%	13.97%	8.57%
EBIT Q/Q Growth	44.23%	38.31%	-3.32%	0.00%	463.39%	-77.41%	258.32%	-76.91%	15.60%	10.06%
NOPAT Q/Q Growth	70.68%	34.29%	9.23%	0.00%	486.54%	-70.09%	94.14%	-72.32%	43.76%	24.06%
Net Income Q/Q Growth	44.82%	33.36%	-2.57%	0.00%	176.97%	-44.36%	193.73%	-78.05%	48.85%	16.29%
EPS Q/Q Growth	41.18%	30.77%	0.00%	0.00%	166.67%	-40.00%	200.00%	-78.26%	43.75%	23.08%
Operating Cash Flow Q/Q Growth	27.71%	64.94%	-62.38%	0.00%	-88.16%	17.85%	2,413.00%	-114.74%	94.73%	58.89%
Free Cash Flow Firm Q/Q Growth	1,380.50%	-78.14%	-42.31%	0.00%	112.21%	655.33%	90.27%	-116.11%	-56.27%	92.76%
Invested Capital Q/Q Growth	3.15%	-5.52%	15.45%	0.00%	74.23%	-28.56%	-4.72%	-15.68%	47.37%	17.86%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	79.92%	80.46%	79.97%	81.14%	81.15%	80.95%	79.54%	82.29%	79.72%	79.51%
EBITDA Margin	28.89%	23.23%	20.03%	20.16%	29.12%	9.92%	24.84%	10.50%	24.41%	23.07%
Operating Margin	24.79%	15.65%	13.17%	11.89%	25.57%	3.82%	18.64%	10.69%	20.95%	21.74%
EBIT Margin	24.79%	19.12%	15.35%	15.72%	25.57%	5.53%	21.50%	6.85%	22.03%	20.53%
Profit (Net Income) Margin	24.66%	18.94%	15.77%	16.03%	25.44%	11.20%	17.66%	6.86%	23.22%	16.81%
Tax Burden Percent	85.09%	87.82%	86.28%	86.68%	93.81%	130.37%	78.49%	80.41%	110.14%	79.54%
Interest Burden Percent	116.91%	112.81%	119.10%	117.62%	106.07%	155.26%	104.68%	124.64%	95.70%	102.92%
Effective Tax Rate	14.91%	12.18%	13.72%	13.32%	6.19%	-30.37%	21.51%	19.59%	-10.14%	20.46%
Return on Invested Capital (ROIC)	130.13%	0.00%	0.00%	0.00%	124.30%	42.43%	119.31%	76.07%	178.66%	192.58%
ROIC Less NNEP Spread (ROIC-NNEP)	128.64%	0.00%	0.00%	0.00%	123.65%	40.01%	118.06%	76.71%	178.59%	192.81%
Return on Net Nonoperating Assets (RNNOA)	-103.82%	0.00%	0.00%	0.00%	-94.76%	-33.20%	-97.66%	-63.86%	-147.56%	-166.82%
Return on Equity (ROE)	26.31%	0.00%	0.00%	0.00%	29.54%	9.22%	21.65%	12.20%	31.10%	25.76%
Cash Return on Invested Capital (CROIC)	118.45%	-23.10%	4.75%	23.83%	72.61%	135.12%	100.92%	82.92%	62.14%	98.88%
Operating Return on Assets (OROA)	15.77%	0.00%	0.00%	0.00%	16.51%	3.92%	15.60%	5.24%	15.78%	15.44%
Return on Assets (ROA)	15.69%	0.00%	0.00%	0.00%	16.43%	7.94%	12.82%	5.25%	16.63%	12.64%
Return on Common Equity (ROCE)	26.31%	0.00%	0.00%	0.00%	29.54%	9.22%	21.65%	12.20%	31.10%	25.76%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	0.00%	0.00%	0.00%	20.35%	23.70%	24.00%	0.00%	24.64%
Net Operating Profit after Tax (NOPAT)	16	9.17	6.83	6.25	17	2.88	9.63	4.96	18	12
NOPAT Margin	21.10%	13.75%	11.36%	10.31%	23.99%	4.98%	14.63%	8.60%	23.08%	17.29%
Net Nonoperating Expense Percent (NNEP)	1.49%	1.97%	1.60%	2.13%	0.64%	2.42%	1.25%	-0.65%	0.07%	-0.22%
Return On Investment Capital (ROIC_SIMPLE)	6.75%	-	-	-	8.13%	-	-	-	8.62%	-
Cost of Revenue to Revenue	20.08%	19.54%	20.03%	18.86%	18.85%	19.06%	20.46%	17.71%	20.28%	20.49%
SG&A Expenses to Revenue	8.22%	9.73%	9.90%	11.11%	8.11%	9.72%	7.98%	12.67%	8.19%	7.86%
R&D to Revenue	17.78%	23.58%	24.52%	23.18%	17.01%	30.50%	21.22%	20.22%	21.79%	19.93%
Operating Expenses to Revenue	55.13%	64.81%	66.80%	69.25%	55.58%	77.12%	60.91%	71.60%	58.77%	57.77%
Earnings before Interest and Taxes (EBIT)	18	13	9.22	9.54	18	3.20	14	3.95	17	15
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	21	15	12	12	21	5.73	16	6.06	19	17
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.84	4.91	4.79	4.72	4.61	5.56	5.47	6.03	5.66	6.08
Price to Tangible Book Value (P/TBV)	5.87	4.94	4.82	4.75	4.64	5.59	5.51	6.07	5.70	6.13
Price to Revenue (P/Rev)	5.17	0.00	0.00	0.00	3.80	4.23	3.86	4.06	4.20	3.58
Price to Earnings (P/E)	27.01	0.00	0.00	0.00	23.96	27.29	23.09	25.11	25.10	24.68
Dividend Yield	1.31%	1.66%	1.74%	1.77%	1.86%	1.63%	1.61%	1.46%	1.31%	1.56%
Earnings Yield	3.70%	0.00%	0.00%	0.00%	4.17%	3.66%	4.33%	3.98%	3.98%	4.05%
Enterprise Value to Invested Capital (EV/IC)	31.94	25.15	22.82	25.72	16.43	33.17	23.11	23.76	20.96	25.78
Enterprise Value to Revenue (EV/Rev)	4.43	0.00	0.00	0.00	3.17	3.57	3.30	3.53	3.63	3.11
Enterprise Value to EBITDA (EV/EBITDA)	20.97	0.00	0.00	0.00	16.63	19.64	15.55	17.09	16.94	15.16
Enterprise Value to EBIT (EV/EBIT)	26.35	0.00	0.00	0.00	20.65	24.09	18.04	19.74	19.31	17.46
Enterprise Value to NOPAT (EV/NOPAT)	30.53	0.00	0.00	0.00	22.63	25.67	20.10	21.40	21.55	20.67
Enterprise Value to Operating Cash Flow (EV/OCF)	12.80	0.00	0.00	0.00	17.93	13.38	15.01	19.72	15.40	17.82
Enterprise Value to Free Cash Flow (EV/FCFF)	23.06	0.00	469.45	95.05	22.63	22.50	26.68	37.72	45.24	35.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.81	-0.85	-0.81	-0.82	-0.77	-0.83	-0.83	-0.83	-0.83	-0.87
Leverage Ratio	1.87	1.90	1.88	1.88	1.88	2.04	1.94	1.94	1.88	2.00
Compound Leverage Factor	2.19	2.14	2.24	2.22	1.99	3.17	2.03	2.41	1.80	2.05
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	5.17	3.72	3.68	3.63	4.13	4.43	4.53	4.69	4.92	3.77
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.49	2.23	2.39	2.45	2.45	2.38	2.40	2.38	2.45	1.94
Quick Ratio	2.20	1.94	2.04	2.11	2.10	2.05	2.08	2.05	2.10	1.65
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	28	1.89	8.64	15	17	7.96	-1.43	-15	-6.81	-4.36
Operating Cash Flow to CapEx	1,079.35%	579.84%	349.84%	1,109.20%	86.86%	858.24%	818.74%	-31.63%	1,076.71%	433.12%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.64	0.00	0.00	0.00	0.65	0.71	0.73	0.77	0.72	0.75
Accounts Receivable Turnover	3.47	0.00	0.00	0.00	3.39	3.91	3.99	4.74	4.12	4.55
Inventory Turnover	2.26	0.00	0.00	0.00	2.04	2.25	2.56	2.63	2.47	2.73
Fixed Asset Turnover	7.58	0.00	0.00	0.00	8.42	11.77	13.57	15.40	13.82	19.87
Accounts Payable Turnover	5.26	0.00	0.00	0.00	6.83	7.07	9.06	9.95	8.19	11.28
Days Sales Outstanding (DSO)	105.30	0.00	0.00	0.00	107.76	93.44	91.57	77.07	88.60	80.30
Days Inventory Outstanding (DIO)	161.59	0.00	0.00	0.00	179.01	162.30	142.68	138.78	147.66	133.59
Days Payable Outstanding (DPO)	69.45	0.00	0.00	0.00	53.45	51.60	40.30	36.70	44.56	32.36
Cash Conversion Cycle (CCC)	197.44	0.00	0.00	0.00	233.31	204.15	193.95	179.16	191.71	181.53
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	36	35	37	32	49	28	39	41	49	33
Invested Capital Turnover	6.17	0.00	0.00	0.00	5.18	8.51	8.16	8.85	7.74	11.14
Increase / (Decrease) in Invested Capital	-12	7.28	-1.81	-8.72	0.00	-5.08	11	20	25	17
Enterprise Value (EV)	1,159	885	849	829	798	925	902	973	1,018	850
Market Capitalization	1,354	1,067	1,026	1,011	957	1,094	1,056	1,118	1,177	977
Book Value per Share	$3.14	$2.94	$2.88	$2.88	$2.80	$2.66	$2.61	$2.50	$2.83	$2.11
Tangible Book Value per Share	$3.12	$2.92	$2.86	$2.86	$2.79	$2.64	$2.59	$2.49	$2.81	$2.09
Total Capital	232	217	214	214	208	197	193	186	208	161
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-196	-182	-177	-182	-159	-169	-154	-145	-159	-128
Capital Expenditures (CapEx)	2.38	3.47	3.49	2.93	3.14	2.69	2.39	2.68	2.54	3.24
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-12	-25	-17	-19	1.46	-16	-4.52	-2.59	1.46	-12
Debt-free Net Working Capital (DFNWC)	184	157	160	163	161	153	149	142	161	115
Net Working Capital (NWC)	184	157	160	163	161	153	149	142	161	115
Net Nonoperating Expense (NNE)	-2.65	-3.47	-2.65	-3.47	-1.03	-3.59	-2.00	1.00	-0.11	0.35
Net Nonoperating Obligations (NNO)	-196	-182	-177	-182	-159	-169	-154	-145	-159	-128
Total Depreciation and Amortization (D&A)	3.05	2.74	2.82	2.69	2.50	2.54	2.20	2.11	1.84	1.83
Debt-free, Cash-free Net Working Capital to Revenue	-4.53%	0.00%	0.00%	0.00%	0.58%	-6.08%	-1.66%	-0.94%	0.52%	-4.56%
Debt-free Net Working Capital to Revenue	70.20%	0.00%	0.00%	0.00%	63.87%	59.21%	54.68%	51.55%	57.34%	42.18%
Net Working Capital to Revenue	70.20%	0.00%	0.00%	0.00%	63.87%	59.21%	54.68%	51.55%	57.34%	42.18%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.25	$0.17	$0.13	$0.13	$0.24	$0.09	$0.16	$0.05	$0.24	$0.16
Adjusted Weighted Average Basic Shares Outstanding	74.09M	73.82M	74.37M	74.45M	74.21M	74.53M	74.02M	74.00M	75.53M	75.88M
Adjusted Diluted Earnings per Share	$0.24	$0.17	$0.13	$0.13	$0.24	$0.09	$0.15	$0.05	$0.23	$0.16
Adjusted Weighted Average Diluted Shares Outstanding	75.30M	74.78M	75.50M	75.32M	75.55M	75.81M	75.43M	75.54M	77.75M	77.68M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	73.97M	73.80M	73.87M	74.46M	0.00	74.14M	74.11M	73.97M	148.99M	73.45M
Normalized Net Operating Profit after Tax (NOPAT)	16	9.17	6.83	6.25	17	1.55	9.63	4.96	11	12
Normalized NOPAT Margin	21.10%	13.75%	11.36%	10.31%	23.99%	2.68%	14.63%	8.60%	14.67%	17.29%
Pre Tax Income Margin	28.98%	21.57%	18.28%	18.49%	27.12%	8.59%	22.50%	8.53%	21.09%	21.13%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	35.49%	0.00%	0.00%	0.00%	44.58%	44.36%	37.48%	37.06%	33.94%	38.86%
Augmented Payout Ratio	95.49%	0.00%	0.00%	0.00%	84.54%	65.99%	154.98%	151.48%	202.91%	256.79%

Frequently Asked Questions About A10 Networks' Financials

When does A10 Networks's fiscal year end?

According to the most recent income statement we have on file, A10 Networks' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has A10 Networks' net income changed over the last 10 years?

A10 Networks' net income appears to be on an upward trend, with a most recent value of $50.14 million in 2024, falling from -$34.72 million in 2014. The previous period was $39.97 million in 2023. View A10 Networks' forecast to see where analysts expect A10 Networks to go next.

What is A10 Networks's operating income?

A10 Networks's total operating income in 2024 was $43.97 million, based on the following breakdown:

Total Gross Profit: $210.28 million
Total Operating Expenses: $166.31 million

How has A10 Networks revenue changed over the last 10 years?

Over the last 10 years, A10 Networks' total revenue changed from $179.51 million in 2014 to $261.70 million in 2024, a change of 45.8%.

How much debt does A10 Networks have?

A10 Networks' total liabilities were at $200.99 million at the end of 2024, a 10.5% increase from 2023, and a 122.3% increase since 2014.

How much cash does A10 Networks have?

In the past 10 years, A10 Networks' cash and equivalents has ranged from $0.00 in 2019 to $98.12 million in 2015, and is currently $95.13 million as of their latest financial filing in 2024.

How has A10 Networks' book value per share changed over the last 10 years?

Over the last 10 years, A10 Networks' book value per share changed from 1.59 in 2014 to 3.14 in 2024, a change of 97.5%.

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This page (NYSE:ATEN) was last updated on 5/21/2025 by MarketBeat.com Staff

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A10 Networks (ATEN) Financials

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