MARKETS / NYSE / ATEN

NYSE · COMPUTER COMMUNICATIONS EQUIPMENT · LARGE CAP

A10 Networks, Inc. ATEN

14 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$290.6M

▲ 11.0% YoY

Net income

$42.1M

▼ 16.0% YoY

Free cash flow

$64.8M

▼ 17.2% YoY

In brief

What this company does

A10 Networks, Inc. provides integrated capabilities spanning application delivery, traffic management, distributed denial of service (DDoS) protection, application and application programming interface (API) security, and centralized management. It organizes its portfolio around three core solution areas, supported by a unified control plane and common architecture. Its legacy networking solutions support large-scale service provider and enterprise environments where performance, scale and reliability are required. Security is embedded across its portfolio and is also delivered through dedicated security solutions designed to protect applications, APIs and infrastructure from cyber threats. As of December 31, 2025, it had 494 full-time employees, including 219 engaged in research and development and customer support, 220 in sales and marketing and 55 in general and administrative and other activities.

Written from the business description in A10 NETWORKS, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 25 February 2026. Every sentence was checked against that document before publication.

Growth

USD 290.6M

Revenue, FY2025 · full 14-year series below

Revenue $M Net income $M

FY2025 · Revenue 290.6 · Net income 42.1

Compound annual growth

Revenue

+1.2%

+5.2%

+4.0%

Net income

−3.5%

+18.8%

EPS, diluted

−1.7%

+21.0%

Dividend / share

+0.0%

Returned to shareholders

−3.2%

+21.5%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +5.2% a year over five years — but profit grew faster: net income at +18.8%, earnings per share at +21.0%.

The share count fell from 0.08B to 0.07B — the buyback concentrates the same profit into fewer slices.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

15 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 16.2% · Net 14.5%

ROE

FY2025 · ROE 19.0%

Gross margin79.3%

Operating margin16.2%

Net margin14.5%

Return on assets7.9%

EBITDAUSD 62.0M

Each USD of equity produced 19 cents of profit this year.

Cash & shareholders

USD 86.3M

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF 64.8

Net buybacks $M Dividends $M

FY2025 · Dividends 17.4 · Net buybacks 68.9

Dividends paidUSD 17.4M

Net buybacksUSD 68.9M

Share of profit204.8%

Consecutive raises—

USD 17.4M in dividends and USD 68.9M in buybacks — 205% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 629.8M

EquityUSD 211.5M

CashUSD 71.1M

Gross debtUSD 218.8M

Net debtUSD 147.6M

Current ratio3.56×

Net debt stands at 70% of equity.

The 14-year record

14 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Revenue $B	0.3	0.3	0.3	0.3	0.3	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.1	0.1
Operating income $B	0.0	0.0	0.0	0.1	0.0	0.0	−0.0	−0.0	−0.0	−0.0	−0.0	−0.0	−0.0	−0.1
EBITDA $B	0.1	0.1	0.0	0.1	0.0	0.0	−0.0	−0.0	−0.0	−0.0	−0.0	−0.0	−0.0	−0.1
Income tax $B	0.0	0.0	0.0	0.0	−0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net income $B	0.0	0.1	0.0	0.0	0.1	0.0	−0.0	−0.0	−0.0	−0.0	−0.0	−0.0	−0.0	−0.1
Free cash flow $B	0.1	0.1	0.0	0.1	0.0	0.1	−0.0	−0.0	0.0	0.0	−0.0	−0.0	−0.0	−0.0
EPS, diluted $	0.57	0.67	0.53	0.60	1.19	0.22	−0.23	−0.38	−0.15	−0.34	−0.67	−0.74	−3.14	−10.80
Dividend / sh $	0.24	0.24	0.24	0.24	0.20	·	·	·	·	·	·	·	·	·
Payout %	41	35	45	34	4	0	−0	·	·	·	·	·	·	·
ROE %	19.0	22.8	20.6	24.1	58.4	15.9	−16.8	−27.3	−11.9	−27.8	−47.9	·	·	·
Shares out B	0.07	0.07	0.07	0.07	0.08	0.08	0.08	0.07	0.07	0.07	0.06	0.06	0.01	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 68 reconciliationsAUDITED

Reconciled in 14 of 19 fiscal years. 27 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityComputer Communications Equipment

Listed onNYSE

Incorporated inDelaware

Fiscal year endsDecember 31

Data on record since2012