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A10 Networks (ATEN) Financials

A10 Networks logo
$29.19 +0.03 (+0.10%)
Closing price 05/22/2026 03:59 PM Eastern
Extended Trading
$29.22 +0.03 (+0.09%)
As of 05/22/2026 07:47 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for A10 Networks

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -42 -22 -11 -28 -18 18 95 47 40 50 42
Consolidated Net Income / (Loss)		 -42 -22 -11 -28 -18 18 95 47 40 50 42
Net Income / (Loss) Continuing Operations		 -42 -22 -11 -28 -18 18 95 47 40 50 42
Total Pre-Tax Income 		-41 -22 -9.55 -27 -16 19 32 53 44 58 52
Total Operating Income		 -40 -21 -10 -28 -17 18 33 53 39 44 47
Total Gross Profit		 148 173 182 180 164 175 197 224 204 210 231
Total Revenue		 196 227 235 232 213 226 250 280 252 262 291
Operating Revenue		 196 227 235 232 213 226 250 280 252 262 291
Total Cost of Revenue		 48 54 53 52 49 50 54 57 48 51 60
Operating Cost of Revenue		 48 54 53 52 49 50 54 57 48 51 60
Total Operating Expenses		 188 193 192 208 181 158 163 170 165 166 183
Selling, General & Admin Expense		 27 26 28 40 24 22 23 24 24 25 30
Marketing Expense		 105 104 101 103 93 78 86 89 86 83 84
Research & Development Expense		 55 61 63 65 62 58 54 58 55 58 69
Total Other Income / (Expense), net		 -0.84 -1.06 0.83 1.14 0.68 1.41 -1.75 -0.73 5.15 14 5.28
Interest & Investment Income		 -0.33 -0.64 0.99 1.27 0.92 1.41 -1.75 -0.36 5.15 14 5.28
Income Tax Expense		 0.75 0.76 1.21 1.08 1.41 1.32 -63 5.81 3.83 7.96 10
Basic Earnings per Share		 ($0.67) ($0.34) ($0.15) ($0.38) ($0.23) $0.23 $1.23 $0.62 $0.54 $0.68 $0.58
Weighted Average Basic Shares Outstanding		 62.43M 65.70M 70.05M 72.88M 76.08M 77.78M 77.05M 75.53M 74.21M 74.09M 72.25M
Diluted Earnings per Share		 ($0.67) ($0.34) ($0.15) ($0.38) ($0.23) $0.22 $1.19 $0.60 $0.53 $0.67 $0.57
Weighted Average Diluted Shares Outstanding		 62.43M 65.70M 70.05M 72.88M 76.08M 80.02M 80.04M 77.75M 75.55M 75.30M 73.59M
Weighted Average Basic & Diluted Shares Outstanding		 62.43M 65.70M 70.05M 72.88M 76.08M 76.91M 76.39M 148.99M - 73.97M 71.72M
Cash Dividends to Common per Share		 - - - - - - $0.20 $0.24 $0.24 $0.24 $0.24

Quarterly Income Statements for A10 Networks

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

Metric Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 12 6.47 18 9.73 9.48 13 18 9.54 11 12 12
Consolidated Net Income / (Loss)		 12 6.47 18 9.73 9.48 13 18 9.54 11 12 12
Net Income / (Loss) Continuing Operations		 12 6.47 18 9.73 9.48 13 18 9.54 11 12 12
Total Pre-Tax Income 		15 4.96 19 11 11 14 22 10 12 14 14
Total Operating Income		 12 2.21 18 7.21 7.92 10 18 8.78 10 13 13
Total Gross Profit		 52 47 57 49 48 54 59 53 55 60 60
Total Revenue		 66 58 70 61 60 67 74 66 69 75 75
Operating Revenue		 66 58 70 61 60 67 74 66 69 75 75
Total Cost of Revenue		 13 11 13 11 12 13 15 13 15 15 15
Operating Cost of Revenue		 13 11 13 11 12 13 15 13 15 15 15
Total Operating Expenses		 40 45 39 42 40 43 41 44 44 47 47
Selling, General & Admin Expense		 5.26 5.61 5.71 6.74 5.95 6.49 6.10 8.47 7.18 6.95 7.69
Marketing Expense		 21 21 21 21 19 21 22 20 21 22 20
Research & Development Expense		 14 18 12 14 15 16 13 16 16 18 19
Total Other Income / (Expense), net		 2.55 2.75 1.09 4.01 3.07 3.95 3.11 1.70 1.62 1.00 1.23
Interest & Investment Income		 - 1.77 - 1.68 1.76 1.63 - 1.79 2.99 3.39 3.38
Other Income / (Expense), net		 1.88 0.99 - 2.33 1.31 2.31 - -0.09 -1.38 -2.39 -2.16
Income Tax Expense		 3.19 -1.51 1.18 1.49 1.51 1.75 3.21 0.94 1.39 1.80 2.19
Basic Earnings per Share		 $0.16 $0.09 $0.24 $0.13 $0.13 $0.17 $0.25 $0.13 $0.15 $0.17 $0.17
Weighted Average Basic Shares Outstanding		 74.02M 74.53M 74.21M 74.45M 74.37M 73.82M 74.09M 73.56M 72.01M 71.89M 71.67M
Diluted Earnings per Share		 $0.15 $0.09 $0.24 $0.13 $0.13 $0.17 $0.24 $0.13 $0.14 $0.17 $0.17
Weighted Average Diluted Shares Outstanding		 75.43M 75.81M 75.55M 75.32M 75.50M 74.78M 75.30M 75.05M 73.12M 73.05M 72.92M
Weighted Average Basic & Diluted Shares Outstanding		 74.11M 74.14M 0.00 72.08M 73.87M 73.80M 73.97M - 72.15M 71.73M 72.00M

Annual Cash Flow Statements for A10 Networks

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 6.21 -69 18 -5.95 5.12 38 -4.36 -11 29 -2.12 -24
Net Cash From Operating Activities		 3.39 19 14 -2.69 -0.43 55 50 66 45 90 85
Net Cash From Continuing Operating Activities		 3.39 19 14 -2.69 -0.43 55 50 66 45 90 85
Net Income / (Loss) Continuing Operations		 -42 -22 -11 -28 -18 18 95 47 40 50 42
Consolidated Net Income / (Loss)		 -42 -22 -11 -28 -18 18 95 47 40 50 42
Depreciation Expense		 8.72 8.27 8.51 7.88 10 11 8.91 7.38 9.35 11 15
Non-Cash Adjustments To Reconcile Net Income		 19 19 18 17 16 13 15 14 13 17 23
Changes in Operating Assets and Liabilities, net		 17 14 -1.37 -0.14 -8.82 13 -69 -2.28 -18 12 4.99
Net Cash From Investing Activities		 -3.48 -96 -5.14 -6.88 -0.25 5.20 -38 11 14 -48 -244
Net Cash From Continuing Investing Activities		 -3.48 -96 -5.14 -6.88 -0.25 5.20 -38 11 14 -48 -244
Purchase of Property, Plant & Equipment		 -3.48 -4.87 -5.73 -2.80 -4.34 -3.56 -5.17 -11 -11 -12 -20
Acquisitions		 0.00 -5.88 - - - - - - 0.00 0.00 -19
Purchase of Investments		 0.00 -126 -87 -88 -72 -58 -129 -55 -85 -143 -342
Sale and/or Maturity of Investments		 0.00 41 88 84 76 67 96 77 110 107 138
Net Cash From Financing Activities		 6.30 8.44 8.42 3.62 5.80 -23 -16 -88 -29 -44 135
Net Cash From Continuing Financing Activities		 6.30 8.44 8.42 3.62 5.80 -23 -16 -88 -29 -44 135
Repayment of Debt		 - -0.10 -0.10 -0.08 -0.00 - - - 0.00 0.00 -7.33
Repurchase of Common Equity		 0.00 -1.80 -3.07 0.00 0.00 -33 -18 -79 -16 -30 -69
Payment of Dividends		 - - - - 0.00 0.00 -3.88 -16 -18 -18 -17
Issuance of Debt		 0.28 - - - - - - - 0.00 0.00 225
Issuance of Common Equity		 6.02 10 12 3.70 5.80 9.59 5.76 7.04 4.94 3.62 3.37
Cash Interest Paid		 0.17 0.19 0.11 0.10 0.26 0.00 0.00 0.00 0.00 0.00 3.33
Cash Income Taxes Paid		 0.98 0.58 1.11 0.52 0.93 1.03 0.20 1.75 2.41 6.28 6.78

Quarterly Cash Flow Statements for A10 Networks

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 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 6/30/2023 9/30/2023 12/31/2023 3/31/2025 6/30/2024 9/30/2024 12/31/2024 3/31/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 43 -7.03 -6.91 149 -45 0.61 17 149 -166 -15 -13
Net Cash From Operating Activities		 20 23 2.73 17 12 20 26 17 23 23 2.23
Net Cash From Continuing Operating Activities		 20 23 2.73 17 12 20 26 17 23 23 2.23
Net Income / (Loss) Continuing Operations		 12 6.47 18 9.54 9.48 13 18 9.54 12 9.87 12
Consolidated Net Income / (Loss)		 12 6.47 18 9.54 9.48 13 18 9.54 12 9.87 12
Depreciation Expense		 2.20 2.54 2.50 3.40 2.82 2.74 3.05 3.40 3.80 3.98 3.97
Non-Cash Adjustments To Reconcile Net Income		 3.37 5.01 1.55 7.26 3.41 3.57 5.41 7.26 6.35 5.46 5.54
Changes in Operating Assets and Liabilities, net		 2.37 9.04 -19 -2.99 -3.49 1.19 -1.05 -2.99 0.47 3.40 -19
Net Cash From Investing Activities		 32 -24 0.17 -35 -43 -5.72 -0.16 -35 -174 -29 -8.68
Net Cash From Continuing Investing Activities		 32 -24 0.17 -35 -43 -5.72 -0.16 -35 -174 -29 -8.68
Purchase of Property, Plant & Equipment		 -2.39 -2.69 -3.14 -4.49 -3.49 -3.47 -2.38 -4.49 -4.73 -6.66 -2.92
Acquisitions		 - - - -19 - - - -19 - - 0.00
Purchase of Investments		 -23 -30 -10 -42 -66 -21 -15 -42 -211 -63 -64
Sale and/or Maturity of Investments		 58 9.48 14 31 26 19 18 31 42 41 59
Net Cash From Financing Activities		 -8.58 -6.49 -9.80 166 -15 -14 -8.49 166 -15 -9.54 -6.80
Net Cash From Continuing Financing Activities		 -8.58 -6.49 -9.80 166 -15 -14 -8.49 166 -15 -9.54 -6.80
Repayment of Debt		 - - - -7.28 - - - -7.28 - - 0.00
Repurchase of Common Equity		 -6.23 -2.44 -7.30 -47 -12 -9.45 -5.76 -47 -11 -6.91 -2.50
Payment of Dividends		 -4.43 -4.49 -4.45 -4.43 -4.47 -4.43 -4.43 -4.43 -4.32 -4.29 -4.30
Issuance of Debt		 - - - 225 - - - 225 - - 0.00
Cash Interest Paid		 - - - - - - - 0.00 - - 3.09
Cash Income Taxes Paid		 - - - - - - - 0.01 - 3.08 0.11

Annual Balance Sheets for A10 Networks

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2023 12/31/2023 12/31/2024 12/31/2025
Total Assets		 190 217 225 236 274 291 393 390 390 433 630
Total Current Assets		 177 197 204 215 221 242 284 272 272 307 476
Cash & Equivalents		 98 29 47 41 0.00 0.00 79 97 97 95 71
Short-Term Investments		 0.00 85 85 88 84 75 106 62 62 100 307
Accounts Receivable		 55 61 48 54 54 51 62 74 74 77 62
Inventories, net		 19 16 18 18 22 21 22 24 24 22 18
Prepaid Expenses		 5.06 5.22 6.83 15 15 12 15 15 15 13 18
Plant, Property, & Equipment, net		 8.90 8.22 9.91 7.26 7.66 7.89 11 30 30 39 50
Total Noncurrent Assets		 4.40 12 11 14 45 41 98 88 88 86 104
Goodwill		 0.07 1.31 1.31 1.31 1.31 1.31 1.31 1.31 1.31 1.31 15
Intangible Assets		 0.80 6.63 5.19 3.75 2.31 0.86 0.00 0.00 0.00 0.00 6.26
Noncurrent Deferred & Refundable Income Taxes		 - - - - - 0.94 66 63 63 62 62
Other Noncurrent Operating Assets		 3.53 3.87 4.65 8.62 42 38 31 24 24 23 20
Total Liabilities & Shareholders' Equity		 190 217 225 236 274 291 393 390 390 433 630
Total Liabilities		 112 134 126 132 165 175 184 182 182 201 418
Total Current Liabilities		 87 101 93 97 98 108 116 111 111 124 134
Accounts Payable		 11 9.85 9.03 8.20 7.59 4.85 6.85 7.02 7.02 13 12
Accrued Expenses		 28 32 22 25 28 37 36 21 21 33 41
Current Deferred Revenue		 49 60 62 64 62 66 73 83 83 78 81
Total Noncurrent Liabilities		 25 33 34 35 68 67 68 71 71 77 285
Long-Term Debt		 - - - - - - - - - 0.00 219
Noncurrent Deferred Revenue		 23 32 33 34 39 43 48 59 59 70 62
Other Noncurrent Operating Liabilities		 1.41 0.99 0.97 0.53 29 24 20 12 12 7.49 3.85
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		 78 83 98 104 109 116 209 208 208 232 212
Total Preferred & Common Equity		 78 83 98 104 109 116 209 208 208 232 212
Total Common Equity		 78 83 98 104 109 116 209 208 208 232 212
Common Stock		 302 329 356 376 403 426 446 487 487 508 532
Retained Earnings		 -224 -246 -257 -272 -290 -272 -177 -90 -90 -40 1.79
Treasury Stock		 - - - - -4.87 -37 -56 -151 -151 -181 -250
Accumulated Other Comprehensive Income / (Loss)		 0.00 -0.05 -0.12 -0.14 0.25 0.10 -0.23 -0.07 -0.07 0.19 0.66
Other Equity Adjustments		 - - - - - - -3.88 -38 -38 -55 -73

Quarterly Balance Sheets for A10 Networks

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 Q2 2022 Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q2 2025 Q3 2025 Q1 2026
Period end date 6/30/2022 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2025 6/30/2024 9/30/2024 6/30/2025 9/30/2025 3/31/2026
Total Assets		 385 353 357 368 378 606 397 408 608 620 634
Total Current Assets		 272 238 245 256 265 458 275 284 457 469 480
Cash & Equivalents		 84 32 69 111 104 244 77 78 253 87 58
Short-Term Investments		 83 96 76 43 65 112 100 104 114 284 312
Accounts Receivable		 68 74 67 69 59 65 57 65 52 62 69
Inventories, net		 22 21 20 20 24 21 25 23 20 19 20
Prepaid Expenses		 15 15 13 13 13 16 15 13 17 17 21
Plant, Property, & Equipment, net		 15 18 22 25 26 42 34 37 44 47 52
Total Noncurrent Assets		 98 97 90 87 87 106 88 87 106 104 103
Goodwill		 1.31 1.31 1.31 1.31 1.31 15 1.31 1.31 15 15 15
Intangible Assets		 - - - - - 7.40 - - 7.02 6.64 5.88
Noncurrent Deferred & Refundable Income Taxes		 66 66 62 60 61 62 62 63 62 63 63
Other Noncurrent Operating Assets		 31 30 27 25 25 21 24 23 22 20 19
Total Liabilities & Shareholders' Equity		 385 353 357 368 378 606 397 408 608 620 634
Total Liabilities		 190 192 172 175 181 410 183 190 404 414 414
Total Current Liabilities		 122 122 103 107 111 113 115 127 108 129 129
Accounts Payable		 5.57 6.05 5.91 6.40 8.21 7.64 5.64 7.54 7.00 11 14
Accrued Expenses		 37 41 21 23 24 26 27 30 28 35 31
Current Deferred Revenue		 80 75 76 78 80 80 82 90 73 82 84
Total Noncurrent Liabilities		 67 70 69 68 70 297 68 63 296 285 284
Long-Term Debt		 - - - - - 218 - - 218 218 219
Noncurrent Deferred Revenue		 48 51 53 54 56 73 58 55 71 61 63
Other Noncurrent Operating Liabilities		 19 18 16 15 13 6.33 9.82 8.73 6.66 5.27 2.45
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		 195 161 186 193 197 196 214 217 204 206 221
Total Preferred & Common Equity		 195 161 186 193 197 196 214 217 204 206 221
Total Common Equity		 195 161 186 193 197 196 214 217 204 206 221
Common Stock		 456 461 471 477 482 514 498 502 521 525 537
Retained Earnings		 -161 -148 -126 -115 -108 -31 -71 -59 -20 -8.07 14
Treasury Stock		 -87 -135 -135 -141 -144 -228 -166 -175 -232 -243 -252
Accumulated Other Comprehensive Income / (Loss)		 -1.21 -1.34 -0.16 0.54 0.33 0.15 0.47 0.21 -0.14 0.47 -0.10
Other Equity Adjustments		 -12 -15 -24 -29 -33 -60 -47 -51 -64 -68 -77

Annual Metrics And Ratios for A10 Networks

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 9.35% 15.80% 3.58% -1.36% -8.44% 6.07% 10.87% 12.12% -10.22% 3.97% 11.03%
EBITDA Growth		 -56.79% 61.06% 84.87% -963.89% 64.31% 510.93% 45.66% 42.09% -20.14% 15.14% 12.20%
EBIT Growth		 -33.16% 48.97% 49.58% -166.86% 38.24% 203.74% 88.28% 57.89% -26.69% 13.77% 7.22%
NOPAT Growth		 -33.16% 48.97% 49.58% -166.86% 38.24% 237.95% 506.54% -52.83% -25.32% 7.58% -0.14%
Net Income Growth		 -20.67% 46.56% 51.99% -156.88% 35.48% 199.98% 432.59% -50.56% -14.79% 25.44% -15.96%
EPS Growth		 9.46% 49.25% 55.88% -153.33% 39.47% 195.65% 440.91% -49.58% -11.67% 26.42% -14.93%
Operating Cash Flow Growth		 111.10% 453.76% -23.77% -118.82% 84.19% 13,077.93% -9.39% 31.94% -32.66% 103.29% -6.19%
Free Cash Flow Firm Growth		 89.69% 25.47% -124.87% -352.42% 44.55% 344.93% -9.09% -34.05% 56.76% 42.46% -56.85%
Invested Capital Growth		 -527.30% -58.67% -3.65% 25.21% 13.71% -99.47% 156.56% 103.71% 0.00% -25.33% 44.69%
Revenue Q/Q Growth		 4.67% 3.34% 104.24% -34.00% -19.25% 29.61% 3.31% 2.55% -2.79% 0.00% 0.00%
EBITDA Q/Q Growth		 12.14% 40.18% 46.60% -23.02% 31.41% 35.73% 8.72% 7.20% 1.93% 0.00% 0.00%
EBIT Q/Q Growth		 11.46% 27.61% 13.96% -13.42% 12.76% 76.89% 13.84% 8.34% 0.65% 0.00% 0.00%
NOPAT Q/Q Growth		 11.46% 27.61% 13.96% -13.42% 37.57% 135.23% -10.53% 14.93% -2.09% 0.00% 0.00%
Net Income Q/Q Growth		 13.96% 21.08% 93.65% -121.35% -131.62% 127.07% 3.14% 18.44% -0.28% 0.00% 0.00%
EPS Q/Q Growth		 -15.52% 24.44% 25.00% -11.76% 14.81% 57.14% 4.39% 17.65% 1.92% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 136.14% 6.71% 105.69% -120.10% 86.17% 25.65% -13.58% 38.67% -35.59% 0.00% -3.42%
Free Cash Flow Firm Q/Q Growth		 73.46% 49.06% 27.86% -3.44% 34.04% 56.36% -41.54% -7.30% -14.19% 789.96% 0.00%
Invested Capital Q/Q Growth		 -1.66% 7.47% 4.02% -0.02% -3.48% -12.69% 47.76% 47.37% 74.23% 3.15% 0.00%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 75.34% 76.06% 77.35% 77.65% 77.01% 77.76% 78.60% 79.73% 80.94% 80.35% 79.34%
EBITDA Margin		 -16.10% -5.41% -0.79% -8.53% -3.32% 12.87% 16.92% 21.44% 19.07% 21.12% 21.34%
Operating Margin		 -20.54% -9.05% -4.41% -11.92% -8.04% 7.86% 13.35% 18.93% 15.35% 16.80% 16.22%
EBIT Margin		 -20.54% -9.05% -4.41% -11.92% -8.04% 7.86% 13.35% 18.80% 15.35% 16.80% 16.22%
Profit (Net Income) Margin		 -21.35% -9.85% -4.57% -11.89% -8.38% 7.90% 37.95% 16.73% 15.88% 19.16% 14.50%
Tax Burden Percent		 101.82% 103.50% 112.63% 104.08% 108.57% 93.09% 299.88% 88.98% 91.27% 86.30% 80.38%
Interest Burden Percent		 102.09% 105.17% 92.03% 95.87% 96.01% 107.93% 94.77% 100.00% 113.32% 132.14% 111.20%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 6.91% -199.88% 11.02% 8.73% 13.70% 19.62%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 130.43% 72.61% 89.44% 85.39%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 130.62% 69.66% 82.57% 83.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -107.92% -53.39% -66.64% -66.38%
Return on Equity (ROE)		 -47.95% -27.82% -11.87% -27.31% -16.76% 15.85% 58.42% 22.51% 19.23% 22.81% 19.01%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 143.08% 62.14% 72.61% 118.45% 48.86%
Operating Return on Assets (OROA)		 -21.39% -10.12% -4.70% -12.02% -6.70% 6.28% 9.76% 13.47% 9.91% 10.69% 8.87%
Return on Assets (ROA)		 -22.23% -11.01% -4.87% -11.99% -6.99% 6.31% 27.75% 11.98% 10.25% 12.19% 7.93%
Return on Common Equity (ROCE)		 -47.95% -27.82% -11.87% -27.31% -16.76% 15.85% 58.42% 22.51% 19.23% 22.81% 19.01%
Return on Equity Simple (ROE_SIMPLE)		 -53.57% -27.06% -10.93% -26.58% -16.38% 15.36% 45.42% 22.57% 19.23% 21.63% 0.00%
Net Operating Profit after Tax (NOPAT)		 -28 -14 -7.26 -19 -12 17 100 47 35 38 38
NOPAT Margin		 -14.38% -6.33% -3.08% -8.34% -5.63% 7.32% 40.04% 16.85% 14.01% 14.50% 13.04%
Net Nonoperating Expense Percent (NNEP)		 -14.40% -7.52% -2.84% -6.35% -4.53% 0.91% -3.05% -0.19% 2.95% 6.87% 2.39%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 22.72% 16.97% 16.37% 8.81%
Cost of Revenue to Revenue		 24.66% 23.94% 22.65% 22.35% 22.99% 22.24% 21.40% 20.27% 19.06% 19.65% 20.66%
SG&A Expenses to Revenue		 13.56% 11.57% 11.95% 17.07% 11.15% 9.69% 9.37% 8.39% 9.49% 9.66% 10.26%
R&D to Revenue		 27.94% 26.71% 26.76% 28.06% 29.08% 25.75% 21.63% 20.83% 21.94% 22.06% 23.78%
Operating Expenses to Revenue		 95.88% 85.11% 81.76% 89.57% 85.05% 69.90% 65.25% 60.79% 65.59% 63.55% 63.11%
Earnings before Interest and Taxes (EBIT)		 -40 -21 -10 -28 -17 18 33 53 39 44 47
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -32 -12 -1.86 -20 -7.07 29 42 60 48 55 62
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 5.07 6.44 5.30 4.23 4.61 6.22 5.89 5.66 4.61 5.84 5.98
Price to Tangible Book Value (P/TBV)		 5.12 7.12 5.67 4.44 4.77 6.34 5.93 5.70 4.64 5.87 6.65
Price to Revenue (P/Rev)		 2.02 2.34 2.21 1.89 2.36 3.20 4.92 4.20 3.80 5.17 4.35
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 40.50 12.97 25.10 23.96 27.01 30.02
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.32% 1.31% 1.86% 1.31% 1.36%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 2.47% 7.71% 3.98% 4.17% 3.70% 3.33%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.00 0.00 0.00 43.83 20.96 16.43 31.94 21.08
Enterprise Value to Revenue (EV/Rev)		 1.52 1.84 1.66 1.34 1.96 2.87 4.18 3.63 3.17 4.43 3.81
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 22.27 24.71 16.94 16.63 20.97 17.84
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 36.47 31.30 19.31 20.65 26.35 23.46
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 39.17 10.44 21.55 22.63 30.53 29.19
Enterprise Value to Operating Cash Flow (EV/OCF)		 87.94 22.28 27.24 0.00 0.00 11.70 20.86 15.40 17.93 12.80 13.03
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 17.23 30.63 45.24 22.63 23.06 51.01
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 1.03
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 1.03
Financial Leverage		 -1.09 -1.32 -1.36 -1.28 -1.21 -1.28 -1.06 -0.83 -0.77 -0.81 -0.80
Leverage Ratio		 2.16 2.53 2.44 2.28 2.40 2.51 2.11 1.88 1.88 1.87 2.40
Compound Leverage Factor		 2.20 2.66 2.24 2.18 2.30 2.71 2.00 1.88 2.12 2.47 2.67
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 50.84%
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% 50.84%
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% 49.16%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.53
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -2.57
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 3.53
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5.77
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -4.20
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 5.77
Altman Z-Score		 1.38 2.06 2.36 1.58 1.45 2.70 4.80 5.22 4.30 5.36 3.18
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		 2.03 1.94 2.20 2.21 2.26 2.25 2.45 2.45 2.45 2.49 3.56
Quick Ratio		 1.76 1.73 1.93 1.87 1.41 1.17 2.13 2.10 2.10 2.20 3.29
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -3.64 -2.72 -6.11 -28 -15 38 34 23 35 50 22
Operating Cash Flow to CapEx		 97.53% 385.43% 249.63% -96.32% -9.82% 1,551.23% 968.81% 612.09% 408.54% 737.63% 421.77%
Free Cash Flow to Firm to Interest Expense		 -7.16 -6.41 -37.70 -214.20 -64.65 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 6.66 44.29 88.36 -20.88 -1.80 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 -0.17 32.80 52.96 -42.57 -20.11 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.04 1.12 1.07 1.01 0.83 0.80 0.73 0.72 0.65 0.64 0.55
Accounts Receivable Turnover		 3.61 3.92 4.30 4.54 3.95 4.31 4.43 4.12 3.39 3.47 4.19
Inventory Turnover		 2.46 3.15 3.19 2.92 2.43 2.33 2.48 2.47 2.04 2.26 3.00
Fixed Asset Turnover		 19.94 26.55 25.97 27.04 28.51 29.02 26.92 13.82 8.42 7.58 6.50
Accounts Payable Turnover		 4.96 5.35 5.65 6.02 6.19 8.06 9.14 8.19 6.83 5.26 4.95
Days Sales Outstanding (DSO)		 101.12 93.17 84.92 80.35 92.30 84.66 82.36 88.60 107.76 105.30 87.15
Days Inventory Outstanding (DIO)		 148.40 115.73 114.41 124.87 150.51 156.90 147.32 147.66 179.01 161.59 121.69
Days Payable Outstanding (DPO)		 73.53 68.28 64.64 60.61 58.97 45.28 39.92 44.56 53.45 69.45 73.67
Cash Conversion Cycle (CCC)		 175.99 140.62 134.70 144.60 183.85 196.28 189.77 191.71 233.31 197.44 135.18
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 -20 -32 -33 -24 -21 -42 24 49 49 36 52
Invested Capital Turnover		 -25.74 -8.83 -7.32 -8.11 -9.32 -7.13 -27.31 7.74 5.18 6.17 6.55
Increase / (Decrease) in Invested Capital		 -25 -12 -1.15 8.26 3.36 -21 66 25 0.00 -12 16
Enterprise Value (EV)		 298 418 390 311 418 647 1,045 1,018 798 1,159 1,106
Market Capitalization		 396 533 521 439 502 721 1,230 1,177 957 1,354 1,265
Book Value per Share		 $1.23 $1.23 $1.39 $1.41 $1.42 $1.51 $2.69 $2.83 $2.80 $3.14 $2.95
Tangible Book Value per Share		 $1.22 $1.11 $1.30 $1.34 $1.37 $1.48 $2.68 $2.81 $2.79 $3.12 $2.65
Total Capital		 78 83 98 104 109 116 209 208 208 232 430
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 219
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 219
Net Debt		 -98 -114 -131 -128 -84 -75 -185 -159 -159 -196 -159
Capital Expenditures (CapEx)		 3.48 4.87 5.73 2.80 4.34 3.56 5.17 11 11 12 20
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -8.57 -19 -20 -11 39 60 -17 1.46 1.46 -12 -36
Debt-free Net Working Capital (DFNWC)		 90 95 111 118 123 135 168 161 161 184 342
Net Working Capital (NWC)		 90 95 111 118 123 135 168 161 161 184 342
Net Nonoperating Expense (NNE)		 14 7.99 3.49 8.24 5.85 -1.31 5.24 0.32 -4.70 -12 -4.24
Net Nonoperating Obligations (NNO)		 -98 -114 -131 -128 -130 -158 -185 -159 -159 -196 -159
Total Depreciation and Amortization (D&A)		 8.72 8.27 8.51 7.88 10 11 8.91 7.38 9.35 11 15
Debt-free, Cash-free Net Working Capital to Revenue		 -4.36% -8.39% -8.52% -4.65% 18.43% 26.46% -6.84% 0.52% 0.58% -4.53% -12.23%
Debt-free Net Working Capital to Revenue		 45.62% 41.92% 47.18% 50.63% 58.02% 59.65% 67.16% 57.34% 63.87% 70.20% 117.81%
Net Working Capital to Revenue		 45.62% 41.92% 47.18% 50.63% 58.02% 59.65% 67.16% 57.34% 63.87% 70.20% 117.81%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.64) ($0.32) ($0.15) ($0.38) ($0.23) $0.23 $1.23 $0.00 $0.00 $0.68 $0.58
Adjusted Weighted Average Basic Shares Outstanding		 64.31M 68.35M 70.05M 75.05M 78.27M 77.78M 77.05M 0.00 0.00 74.09M 72.25M
Adjusted Diluted Earnings per Share		 ($0.64) ($0.32) ($0.15) ($0.38) ($0.23) $0.22 $1.19 $0.00 $0.00 $0.67 $0.57
Adjusted Weighted Average Diluted Shares Outstanding		 64.31M 68.35M 70.05M 75.05M 78.27M 80.02M 80.04M 0.00 0.00 75.30M 73.59M
Adjusted Basic & Diluted Earnings per Share		 ($0.64) ($0.32) ($0.15) ($0.38) ($0.23) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 62.43M 65.70M 70.05M 72.88M 76.08M 76.91M 76.39M 0.00 0.00 73.97M 71.72M
Normalized Net Operating Profit after Tax (NOPAT)		 -27 -13 -7.26 -19 -10 17 23 47 35 38 38
Normalized NOPAT Margin		 -13.59% -5.69% -3.08% -8.34% -4.79% 7.32% 9.35% 16.85% 14.01% 14.50% 13.04%
Pre Tax Income Margin		 -20.96% -9.52% -4.05% -11.43% -7.72% 8.49% 12.65% 18.80% 17.40% 22.20% 18.04%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -79.19 -48.51 -64.02 -214.57 -72.13 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 -55.43 -33.96 -44.82 -150.20 -50.49 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 -86.02 -60.00 -99.42 -236.25 -90.44 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 -62.27 -45.45 -80.21 -171.88 -68.80 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 4.09% 33.94% 44.58% 35.49% 41.22%
Augmented Payout Ratio		 0.00% -8.03% -28.56% 0.00% 0.00% 182.64% 23.34% 202.91% 84.54% 95.49% 204.78%

Quarterly Metrics And Ratios for A10 Networks

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

Metric Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 6/30/2023 9/30/2023 12/31/2023 3/31/2025 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - 73,973,179.00 - - 71,724,984.00
DEI Adjusted Shares Outstanding		 - - - - - - - 73,973,179.00 - - 71,724,984.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - 0.13 - - 0.17
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -3.17% -19.82% -9.30% 14.64% -8.69% 15.48% 5.38% 0.00% 15.45% 11.93% 13.40%
EBITDA Growth		 6.79% -65.51% 8.23% 87.94% -26.38% 170.25% 4.55% -6.58% -21.16% -7.03% 22.56%
EBIT Growth		 5.25% -78.40% 5.27% 120.01% -34.83% 299.09% 2.17% -8.92% -3.11% -16.84% 24.78%
NOPAT Growth		 -4.16% -76.89% -5.71% 61.21% -29.06% 218.47% -7.33% 27.86% 33.37% 23.43% 37.54%
Net Income Growth		 11.62% -46.59% -0.63% 141.11% -18.49% 95.35% 2.14% 0.00% 11.21% -3.53% 26.08%
EPS Growth		 15.38% -43.75% 4.35% 160.00% -13.33% 88.89% 0.00% 0.00% 7.69% 0.00% 30.77%
Operating Cash Flow Growth		 121.56% 64.33% -90.01% 3,934.99% -37.62% -12.70% 841.41% -46.97% 0.00% 13.27% -87.03%
Free Cash Flow Firm Growth		 97.62% 282.53% 347.88% 40.18% 702.70% -76.28% 65.52% 723.17% -196.82% -487.58% -190.07%
Invested Capital Growth		 39.55% -15.41% 0.00% 41.03% -4.64% 26.12% -25.33% 0.00% 46.95% 53.01% 0.00%
Revenue Q/Q Growth		 14.09% -12.22% 21.88% -6.08% -0.95% 11.02% 11.22% -10.87% 0.00% 7.64% 0.00%
EBITDA Q/Q Growth		 170.04% -64.93% 257.64% -44.51% -1.59% 28.74% 38.36% -43.64% 0.00% 61.23% 0.00%
EBIT Q/Q Growth		 258.32% -77.41% 463.39% -51.75% -3.32% 38.31% 44.23% -52.77% 0.00% 18.71% 0.00%
NOPAT Q/Q Growth		 94.14% -70.09% 486.54% -52.67% 9.23% 34.29% 70.68% -48.93% 0.00% 24.28% 0.00%
Net Income Q/Q Growth		 193.73% -44.36% 176.97% -46.74% -2.57% 33.36% 44.82% -47.86% 0.00% 15.69% 0.00%
EPS Q/Q Growth		 200.00% -40.00% 166.67% -45.83% 0.00% 30.77% 41.18% -45.83% 0.00% 21.43% 0.00%
Operating Cash Flow Q/Q Growth		 2,413.00% 17.85% -88.16% 1,087.99% -62.38% 64.94% 27.71% -33.08% 0.00% 0.00% -90.17%
Free Cash Flow Firm Q/Q Growth		 90.27% 655.33% 112.21% -152.16% -42.31% -78.14% 1,380.50% 135.20% 0.00% 12.49% 0.00%
Invested Capital Q/Q Growth		 -4.72% -28.56% 74.23% 18.92% 15.45% -5.52% 3.15% -100.00% 0.00% -1.62% 0.00%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 79.54% 80.95% 81.15% 79.68% 79.97% 80.46% 79.92% 79.68% 78.85% 80.14% 79.63%
EBITDA Margin		 24.84% 9.92% 29.12% 17.21% 20.03% 23.23% 28.89% 18.27% 12.88% 19.29% 19.75%
Operating Margin		 18.64% 3.82% 25.57% 13.27% 13.17% 15.65% 24.79% 13.27% 14.86% 17.40% 17.33%
EBIT Margin		 21.50% 5.53% 25.57% 13.14% 15.35% 19.12% 24.79% 13.14% 12.88% 14.20% 14.45%
Profit (Net Income) Margin		 17.66% 11.20% 25.44% 14.43% 15.77% 18.94% 24.66% 14.43% 15.19% 16.32% 16.04%
Tax Burden Percent		 78.49% 130.37% 93.81% 91.08% 86.28% 87.82% 85.09% 91.08% 88.34% 87.12% 84.59%
Interest Burden Percent		 104.68% 155.26% 106.07% 120.60% 119.10% 112.81% 116.91% 120.60% 133.51% 131.92% 131.21%
Effective Tax Rate		 21.51% -30.37% 6.19% 8.92% 13.72% 12.18% 14.91% 8.92% 11.66% 12.88% 15.41%
Return on Invested Capital (ROIC)		 119.31% 42.43% 124.30% 63.71% 0.00% 0.00% 130.13% 0.00% 0.00% 0.00% 125.02%
ROIC Less NNEP Spread (ROIC-NNEP)		 118.06% 40.01% 123.65% 62.61% 0.00% 0.00% 128.64% 0.00% 0.00% 0.00% 123.64%
Return on Net Nonoperating Assets (RNNOA)		 -97.66% -33.20% -94.76% -46.40% 0.00% 0.00% -103.82% 0.00% 0.00% 0.00% -84.32%
Return on Equity (ROE)		 21.65% 9.22% 29.54% 17.30% 0.00% 0.00% 26.31% 0.00% 0.00% 0.00% 40.69%
Cash Return on Invested Capital (CROIC)		 100.92% 135.12% 72.61% 43.11% 4.75% -23.10% 118.45% 0.00% 0.00% 0.00% -83.78%
Operating Return on Assets (OROA)		 15.60% 3.92% 16.51% 7.09% 0.00% 0.00% 15.77% 0.00% 0.00% 0.00% 6.82%
Return on Assets (ROA)		 12.82% 7.94% 16.43% 7.79% 0.00% 0.00% 15.69% 0.00% 0.00% 0.00% 7.57%
Return on Common Equity (ROCE)		 21.65% 9.22% 29.54% 17.30% 0.00% 0.00% 26.31% 0.00% 0.00% 0.00% 40.69%
Return on Equity Simple (ROE_SIMPLE)		 23.70% 20.35% 0.00% 23.26% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 9.63 2.88 17 7.99 6.83 9.17 16 7.99 9.11 11 11
NOPAT Margin		 14.63% 4.98% 23.99% 12.09% 11.36% 13.75% 21.10% 12.09% 13.13% 15.16% 14.66%
Net Nonoperating Expense Percent (NNEP)		 1.25% 2.42% 0.64% 1.10% 1.60% 1.97% 1.49% 0.00% 0.88% 0.52% 1.38%
Return On Investment Capital (ROIC_SIMPLE)		 - - 8.13% 1.93% - - 6.75% - 2.16% 2.67% 2.50%
Cost of Revenue to Revenue		 20.46% 19.06% 18.85% 20.32% 20.03% 19.54% 20.08% 20.32% 21.15% 19.86% 20.37%
SG&A Expenses to Revenue		 7.98% 9.72% 8.11% 12.81% 9.90% 9.73% 8.22% 12.81% 10.35% 9.31% 10.26%
R&D to Revenue		 21.22% 30.50% 17.01% 24.04% 24.52% 23.58% 17.78% 24.04% 23.43% 24.61% 25.36%
Operating Expenses to Revenue		 60.91% 77.12% 55.58% 66.40% 66.80% 64.81% 55.13% 66.40% 63.99% 62.74% 62.30%
Earnings before Interest and Taxes (EBIT)		 14 3.20 18 8.69 9.22 13 18 8.69 8.94 11 11
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 16 5.73 21 11 12 15 21 12 8.94 14 15
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 5.47 5.56 4.61 6.17 4.79 4.91 5.84 0.00 6.84 6.35 7.51
Price to Tangible Book Value (P/TBV)		 5.51 5.59 4.64 6.97 4.82 4.94 5.87 0.00 7.67 7.10 8.30
Price to Revenue (P/Rev)		 3.86 4.23 3.80 4.65 0.00 0.00 5.17 4.46 0.00 0.00 5.54
Price to Earnings (P/E)		 23.09 27.29 23.96 26.53 0.00 0.00 27.01 23.88 0.00 0.00 37.16
Dividend Yield		 1.61% 1.63% 1.86% 1.47% 1.74% 1.66% 1.31% 1.49% 1.24% 1.32% 1.04%
Earnings Yield		 4.33% 3.66% 4.17% 3.77% 0.00% 0.00% 3.70% 4.19% 0.00% 0.00% 2.69%
Enterprise Value to Invested Capital (EV/IC)		 23.11 33.17 16.43 18.53 22.82 25.15 31.94 0.00 22.77 21.51 21.47
Enterprise Value to Revenue (EV/Rev)		 3.30 3.57 3.17 4.12 0.00 0.00 4.43 0.00 0.00 0.00 5.04
Enterprise Value to EBITDA (EV/EBITDA)		 15.55 19.64 16.63 20.63 0.00 0.00 20.97 0.00 0.00 0.00 22.57
Enterprise Value to EBIT (EV/EBIT)		 18.04 24.09 20.65 25.95 0.00 0.00 26.35 0.00 0.00 0.00 29.35
Enterprise Value to NOPAT (EV/NOPAT)		 20.10 25.67 22.63 28.11 0.00 0.00 30.53 0.00 0.00 0.00 36.95
Enterprise Value to Operating Cash Flow (EV/OCF)		 15.01 13.38 17.93 17.11 0.00 0.00 12.80 0.00 14.61 13.17 21.56
Enterprise Value to Free Cash Flow (EV/FCFF)		 26.68 22.50 22.63 50.31 469.45 0.00 23.06 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 1.11 0.00 0.00 0.00 0.00 1.07 1.06 0.99
Long-Term Debt to Equity		 0.00 0.00 0.00 1.11 0.00 0.00 0.00 0.00 1.07 1.06 0.99
Financial Leverage		 -0.83 -0.83 -0.77 -0.74 -0.81 -0.85 -0.81 0.00 -0.78 -0.79 -0.68
Leverage Ratio		 1.94 2.04 1.88 2.53 1.88 1.90 1.87 0.00 2.40 2.43 2.87
Compound Leverage Factor		 2.03 3.17 1.99 3.05 2.24 2.14 2.19 0.00 3.21 3.20 3.77
Debt to Total Capital		 0.00% 0.00% 0.00% 52.64% 0.00% 0.00% 0.00% 0.00% 51.67% 51.44% 49.81%
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% 52.64% 0.00% 0.00% 0.00% 0.00% 51.67% 51.44% 49.81%
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% 47.36% 100.00% 100.00% 100.00% 0.00% 48.33% 48.56% 50.19%
Debt to EBITDA		 0.00 0.00 0.00 4.20 0.00 0.00 0.00 0.00 0.00 0.00 3.28
Net Debt to EBITDA		 0.00 0.00 0.00 -2.66 0.00 0.00 0.00 0.00 0.00 0.00 -2.25
Long-Term Debt to EBITDA		 0.00 0.00 0.00 4.20 0.00 0.00 0.00 0.00 0.00 0.00 3.28
Debt to NOPAT		 0.00 0.00 0.00 5.72 0.00 0.00 0.00 0.00 0.00 0.00 5.37
Net Debt to NOPAT		 0.00 0.00 0.00 -3.63 0.00 0.00 0.00 0.00 0.00 0.00 -3.69
Long-Term Debt to NOPAT		 0.00 0.00 0.00 5.72 0.00 0.00 0.00 0.00 0.00 0.00 5.37
Altman Z-Score		 4.53 4.43 4.13 2.86 3.68 3.72 5.17 0.00 0.00 0.00 3.63
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		 2.40 2.38 2.45 4.05 2.39 2.23 2.49 0.00 4.23 3.64 3.71
Quick Ratio		 2.08 2.05 2.10 3.72 2.04 1.94 2.20 0.00 3.88 3.36 3.40
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -1.43 7.96 17 -8.81 8.64 1.89 28 66 -8.36 -7.32 -59
Operating Cash Flow to CapEx		 818.74% 858.24% 86.86% 1,109.20% 349.84% 579.84% 1,079.35% 382.82% 0.00% 482.40% 76.40%
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 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 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 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.73 0.71 0.65 0.54 0.00 0.00 0.64 0.00 0.00 0.00 0.47
Accounts Receivable Turnover		 3.99 3.91 3.39 3.93 0.00 0.00 3.47 0.00 0.00 0.00 4.34
Inventory Turnover		 2.56 2.25 2.04 2.50 0.00 0.00 2.26 0.00 0.00 0.00 3.07
Fixed Asset Turnover		 13.57 11.77 8.42 8.07 0.00 0.00 7.58 0.00 0.00 0.00 5.76
Accounts Payable Turnover		 9.06 7.07 6.83 7.56 0.00 0.00 5.26 0.00 0.00 0.00 4.40
Days Sales Outstanding (DSO)		 91.57 93.44 107.76 92.87 0.00 0.00 105.30 0.00 0.00 0.00 84.12
Days Inventory Outstanding (DIO)		 142.68 162.30 179.01 145.93 0.00 0.00 161.59 0.00 0.00 0.00 118.99
Days Payable Outstanding (DPO)		 40.30 51.60 53.45 48.28 0.00 0.00 69.45 0.00 0.00 0.00 83.04
Cash Conversion Cycle (CCC)		 193.95 204.15 233.31 190.52 0.00 0.00 197.44 0.00 0.00 0.00 120.06
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 39 28 49 58 37 35 36 0.00 55 54 70
Invested Capital Turnover		 8.16 8.51 5.18 5.27 0.00 0.00 6.17 0.00 0.00 0.00 8.53
Increase / (Decrease) in Invested Capital		 11 -5.08 0.00 17 -1.81 7.28 -12 -58 17 19 70
Enterprise Value (EV)		 902 925 798 1,071 849 885 1,159 0.00 1,245 1,157 1,508
Market Capitalization		 1,056 1,094 957 1,209 1,026 1,067 1,354 1,193 1,395 1,310 1,658
Book Value per Share		 $2.61 $2.66 $2.80 $2.65 $2.88 $2.94 $3.14 $0.00 $2.83 $2.86 $3.08
Tangible Book Value per Share		 $2.59 $2.64 $2.79 $2.34 $2.86 $2.92 $3.12 $0.00 $2.52 $2.56 $2.79
Total Capital		 193 197 208 414 214 217 232 0.00 422 425 440
Total Debt		 0.00 0.00 0.00 218 0.00 0.00 0.00 0.00 218 218 219
Total Long-Term Debt		 0.00 0.00 0.00 218 0.00 0.00 0.00 0.00 218 218 219
Net Debt		 -154 -169 -159 -138 -177 -182 -196 0.00 -149 -152 -151
Capital Expenditures (CapEx)		 2.39 2.69 3.14 2.93 3.49 3.47 2.38 4.49 0.00 4.73 2.92
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -4.52 -16 1.46 -11 -17 -25 -12 0.00 -18 -31 -19
Debt-free Net Working Capital (DFNWC)		 149 153 161 345 160 157 184 0.00 349 340 350
Net Working Capital (NWC)		 149 153 161 345 160 157 184 0.00 349 340 350
Net Nonoperating Expense (NNE)		 -2.00 -3.59 -1.03 -1.55 -2.65 -3.47 -2.65 -1.55 -1.43 -0.87 -1.04
Net Nonoperating Obligations (NNO)		 -154 -169 -159 -138 -177 -182 -196 0.00 -149 -152 -151
Total Depreciation and Amortization (D&A)		 2.20 2.54 2.50 2.69 2.82 2.74 3.05 3.40 0.00 3.80 3.97
Debt-free, Cash-free Net Working Capital to Revenue		 -1.66% -6.08% 0.58% -4.18% 0.00% 0.00% -4.53% 0.00% 0.00% 0.00% -6.46%
Debt-free Net Working Capital to Revenue		 54.68% 59.21% 63.87% 132.60% 0.00% 0.00% 70.20% 0.00% 0.00% 0.00% 117.04%
Net Working Capital to Revenue		 54.68% 59.21% 63.87% 132.60% 0.00% 0.00% 70.20% 0.00% 0.00% 0.00% 117.04%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.16 $0.09 $0.24 $0.13 $0.13 $0.17 $0.25 $0.00 $0.15 $0.17 $0.17
Adjusted Weighted Average Basic Shares Outstanding		 74.02M 74.53M 74.21M 73.56M 74.37M 73.82M 74.09M 0.00 72.01M 71.89M 71.67M
Adjusted Diluted Earnings per Share		 $0.15 $0.09 $0.24 $0.13 $0.13 $0.17 $0.24 $0.00 $0.14 $0.17 $0.17
Adjusted Weighted Average Diluted Shares Outstanding		 75.43M 75.81M 75.55M 75.05M 75.50M 74.78M 75.30M 0.00 73.12M 73.05M 72.92M
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 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 74.11M 74.14M 0.00 72.08M 73.87M 73.80M 73.97M 0.00 72.15M 71.73M 72.00M
Normalized Net Operating Profit after Tax (NOPAT)		 9.63 1.55 17 7.99 6.83 9.17 16 7.99 9.11 11 11
Normalized NOPAT Margin		 14.63% 2.68% 23.99% 12.09% 11.36% 13.75% 21.10% 12.09% 13.13% 15.16% 14.66%
Pre Tax Income Margin		 22.50% 8.59% 27.12% 15.84% 18.28% 21.57% 28.98% 15.84% 17.19% 18.74% 18.97%
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 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 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 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 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 37.48% 44.36% 44.58% 39.08% 0.00% 0.00% 35.49% 35.62% 0.00% 0.00% 38.63%
Augmented Payout Ratio		 154.98% 65.99% 84.54% 177.39% 0.00% 0.00% 95.49% 95.84% 0.00% 0.00% 93.27%

Financials Breakdown Chart

Key Financial Trends

A10 Networks (ATEN) has shown a pattern of positive cash generation and solid liquidity over the last four years, with meaningful gross margin and selectively growing revenue. While earnings and financing activity reflect ongoing capital returns and debt considerations, the company maintains a strong operating cash flow base and a sizable liquidity cushion that supports its ongoing operations and investment activity.

  • Operating cash flow remained positive in 2025, with net cash from continuing operating activities around $22.8 million in Q3 2025 and about $22.7 million in Q4 2025.
  • Liquidity is robust, with cash and short-term investments totaling about $370.9 million in Q3 2025 (Cash $86.6M + Short-Term Investments $284.3M) and total current assets of $468.7 million against current liabilities of $128.7 million, indicating a strong liquidity cushion.
  • Gross margins remained solid in recent quarters, with Q3 2025 gross profit of approximately $59.85 million on revenue of $74.68 million (roughly an 80% margin).
  • Revenue trends show strength into 2025, with Q3 2025 operating revenue of about $74.68 million, reflecting a sustained top-line level compared with earlier periods.
  • Net income from continuing operations stayed positive in 2025, including about $12.19 million in Q3 2025 and $9.87 million in Q4 2025, signaling ongoing earnings power despite quarterly fluctuations.
  • Balance sheet leverage is moderate, with total liabilities around $413.9 million and total equity around $206.2 million in Q3 2025, yielding a debt-to-equity ratio near 2.0x.
  • Treasury stock is sizable, reducing total equity by roughly $243 million in Q3 2025, which can affect book value and per-share metrics.
  • Investing cash flows show sizable outflows, including large purchases of investments (e.g., around $210.8 million in Q3 2025), contributing to negative net cash from investing in some periods.
  • Net income declined in 2025 versus 2024; for example, Q4 2025 net income was about $9.87 million compared with Q4 2024's roughly $18.30 million, indicating earnings pressure this year.
  • Financing cash outflows persisted, with quarterly net cash from financing activities meaningfully negative (e.g., roughly $15.34 million in Q3 2025 and about $9.54 million in Q4 2025), reflecting ongoing capital returns and debt servicing considerations.

Notes: Figures are taken from ATEN quarterly reports spanning 2022–2025. Cash flow, balance sheet, and income statement data include continuing operations and reflect fluctuations common to a mid-cap tech hardware/software solutions provider. Retail investors should consider how leverage, treasury stock activity, and investing outflows could influence future cash generation and equity metrics.

05/26/26 08:35 AM ETAI Generated. May Contain Errors.

A10 Networks Financials - Frequently Asked Questions

According to the most recent income statement we have on file, A10 Networks' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

A10 Networks' net income appears to be on an upward trend, with a most recent value of $42.14 million in 2025, falling from -$41.90 million in 2015. The previous period was $50.14 million in 2024. Find out what analysts predict for A10 Networks in the coming months.

A10 Networks' total operating income in 2025 was $47.14 million, based on the following breakdown:
  • Total Gross Profit: $230.52 million
  • Total Operating Expenses: $183.37 million

Over the last 10 years, A10 Networks' total revenue changed from $196.29 million in 2015 to $290.56 million in 2025, a change of 48.0%.

A10 Networks' total liabilities were at $418.27 million at the end of 2025, a 108.1% increase from 2024, and a 274.5% increase since 2015.

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 $71.14 million as of their latest financial filing in 2025.

Over the last 10 years, A10 Networks' book value per share changed from 1.23 in 2015 to 2.95 in 2025, a change of 138.8%.


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Financial statements for NYSE:ATEN last updated on 5/12/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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