Saturday 17 October 2026
Export ATEN’s income statement to Excel — free account
A10 Networks, Inc.
ATEN Technology Software Infrastructure
A10 Networks, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $290.6 million, up 11.0% from fiscal 2024. In the quarter to June 2026, revenue grew 15.5%, EPS fell 20.0%, free cash flow grew 53.3% and total debt was flat, each against the same quarter a year earlier. Dividend growth for five consecutive years.
24.46
0.93
−3.66%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
6 | 6 | 4 | 3 | 6 | 7 | 7 | 7 | 7 | 5 |
P/E ratio |
0.00 | 0.00 | 0.00 | 0.00 | 43.59 | 13.48 | 26.76 | 24.13 | 27.06 | 29.98 |
P/S ratio |
2.43 | 2.31 | 1.96 | 2.46 | 3.40 | 5.11 | 4.54 | 3.84 | 5.21 | 4.40 |
Altman Z-Score |
2.12 | 2.45 | 1.65 | 1.53 | 2.85 | 4.96 | 5.20 | 4.37 | 5.39 | 3.20 |
Altman Z″-Score (non-manufacturers) |
(0.81) | 0.02 | (0.45) | (0.23) | 1.09 | 3.09 | 3.29 | 3.81 | 4.37 | 4.61 |
P/FCF ratio |
39.78 | 63.28 | 0.00 | 0.00 | 14.83 | 28.43 | 23.03 | 28.76 | 17.43 | 19.74 |
Beneish M-Score |
(2.74) | (3.18) | (2.83) | (2.05) | (3.16) | (1.34) | (2.50) | (2.48) | (2.92) | (3.32) |
P/Operating CF |
(180.73) | 126.43 | 161.04 | 95.40 | 45.74 | 143.63 | 46.60 | 354.07 | 53.02 | 56.29 |
P/B ratio |
6.69 | 5.52 | 4.38 | 4.80 | 6.61 | 6.12 | 7.03 | 4.65 | 5.88 | 6.04 |
Dividend Safety Score |
— | — | — | — | — | — | — | — | — | 77 |
Price to Tangible BV |
7.39 | 5.91 | 4.60 | 4.97 | 6.74 | 6.15 | 7.09 | 4.68 | 5.91 | 6.72 |
EV/Sales |
1.93 | 1.75 | 1.41 | 2.00 | 2.83 | 4.46 | 4.08 | 3.28 | 4.53 | 3.87 |
EV/EBITDA |
0.00 | 0.00 | 0.00 | 0.00 | 21.96 | 26.38 | 18.92 | 17.20 | 21.46 | 18.13 |
EV/Operating CF |
23.37 | 28.77 | (121.16) | (999.77) | 11.53 | 22.27 | 17.31 | 18.55 | 13.10 | 13.24 |
EV/FCF |
31.56 | 47.99 | (59.44) | (89.36) | 12.33 | 24.83 | 20.69 | 24.56 | 15.16 | 17.35 |
Quick Ratio |
1.73 | 1.93 | 1.87 | 1.88 | 1.94 | 2.13 | 1.89 | 2.10 | 2.20 | 3.29 |
Current Ratio |
1.94 | 2.20 | 2.21 | 2.26 | 2.25 | 2.45 | 2.17 | 2.45 | 2.49 | 3.56 |
Net Debt/EBITDA |
9.29 | 70.46 | 6.48 | 14.42 | (4.64) | (3.92) | (2.22) | (3.32) | (3.54) | (2.57) |
Debt/Assets |
0.00% | 0.00% | 0.00% | 10.23% | 8.08% | 4.91% | 4.56% | 0.00% | 0.00% | 34.74% |
Debt/Equity |
0.00 | 0.00 | 0.00 | 0.26 | 0.20 | 0.09 | 0.09 | 0.00 | 0.00 | 1.03 |
Asset Turnover |
1.11 | 1.07 | 1.01 | 0.83 | 0.80 | 0.73 | 0.74 | 0.66 | 0.64 | 0.55 |
Operating CF/Net income |
(0.84) | (1.33) | 0.10 | 0.02 | 3.10 | 0.53 | 1.41 | 1.11 | 1.80 | 2.01 |
Capex/Depreciation |
(0.77) | (0.67) | (0.35) | (0.43) | (0.32) | (0.58) | (1.46) | (1.17) | (1.09) | (1.35) |
Interest Coverage |
(48.51) | (64.02) | (214.57) | (72.13) | 17,733.00 | — | 40.70 | — | — | 7.43 |
| (27.50%) | (11.87%) | (27.31%) | (16.76%) | 15.85% | 58.42% | 24.06% | 20.56% | 22.81% | 19.01% | |
| (10.94%) | (4.87%) | (11.99%) | (6.99%) | 6.31% | 27.75% | 12.31% | 10.53% | 12.19% | 7.93% | |
ROIC |
0.00% | 0.00% | 0.00% | (154.59%) | 0.00% | 48.35% | 70.78% | 49.73% | 75.76% | 56.14% |
Return on Tangible Assets |
(21.63%) | (8.89%) | (22.12%) | (13.60%) | 12.51% | 53.12% | 29.60% | 20.97% | 22.50% | 10.73% |
Average Days of Receivables |
98.42 | 74.83 | 84.83 | 91.95 | 82.62 | 90.21 | 94.95 | 107.76 | 106.96 | 77.97 |
Research and Development Expense of Revenue |
26.71% | 26.76% | 28.06% | 29.08% | 25.75% | 21.63% | 20.83% | 21.94% | 22.06% | 23.78% |
Selling, General and Administrative Expense of Revenue |
57.49% | 55.00% | 61.51% | 54.78% | 44.16% | 43.62% | 39.96% | 43.65% | 41.49% | 39.33% |
Intangible Assets out of Total Assets |
0.04 | 0.03 | 0.02 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 |
Share Based Compensation of Revenue |
7.44% | 7.31% | 7.34% | 7.77% | 5.46% | 5.77% | 4.76% | 5.59% | 6.51% | 6.89% |
Graham Net Nets |
0.11 | 0.14 | 0.18 | 0.11 | 0.09 | 0.08 | 0.05 | 0.09 | 0.08 | 0.05 |
Graham Number |
0.00 | 0.00 | 0.00 | 0.00 | 2.75 | 8.66 | 5.83 | 5.83 | 6.92 | 6.23 |
Earnings Yield |
(4.11%) | (2.06%) | (5.97%) | (3.46%) | 2.29% | 7.42% | 3.74% | 4.14% | 3.70% | 3.34% |
Free Cash Flow Yield |
2.51% | 1.58% | (1.21%) | (0.91%) | 6.74% | 3.52% | 4.34% | 3.48% | 5.74% | 5.07% |
Revenue per Share |
3.46 | 3.36 | 3.19 | 2.79 | 2.90 | 3.25 | 3.71 | 3.39 | 3.53 | 4.02 |
Operating CF per Share |
0.29 | 0.20 | (0.04) | (0.01) | 0.71 | 0.65 | 0.88 | 0.60 | 1.22 | 1.18 |
Capex per Share |
(0.10) | (0.08) | (0.04) | (0.06) | (0.05) | (0.07) | (0.14) | (0.15) | (0.17) | (0.28) |
Free Cash Flow per Share |
0.19 | 0.12 | (0.08) | (0.06) | 0.67 | 0.58 | 0.73 | 0.45 | 1.06 | 0.90 |
Cash per Share |
1.74 | 1.87 | 1.76 | 1.71 | 2.03 | 2.40 | 2.00 | 2.15 | 2.64 | 5.23 |
Shareholders Equity per Share |
1.26 | 1.40 | 1.43 | 1.43 | 1.49 | 2.71 | 2.40 | 2.80 | 3.13 | 2.93 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
1.26 | 1.40 | 1.43 | 1.43 | 1.49 | 2.71 | 2.40 | 2.80 | 3.13 | 2.93 |
Free Cash Flow |
12.41 | 8.58 | (5.49) | (4.77) | 51.72 | 44.93 | 55.30 | 33.62 | 78.22 | 64.77 |
Working Capital |
95.29 | 111.08 | 117.57 | 123.36 | 134.52 | 167.93 | 138.74 | 160.76 | 183.72 | 342.30 |
Capital Expenditures |
(6.37) | (5.73) | (2.80) | (4.34) | (3.56) | (5.17) | (10.80) | (10.90) | (12.27) | (20.13) |
Net Current Asset Value |
62.72 | 77.33 | 82.95 | 55.67 | 67.47 | 99.82 | 68.90 | 89.89 | 106.30 | 57.69 |
EV/EBIT |
0.00 | 0.00 | 0.00 | 0.00 | 35.95 | 33.42 | 21.55 | 21.36 | 26.97 | 23.84 |
Capex to Sales |
0.03 | 0.02 | 0.01 | 0.02 | 0.02 | 0.02 | 0.04 | 0.04 | 0.05 | 0.07 |
Price to Operating Income |
0.00 | 0.00 | 0.00 | 0.00 | 43.25 | 38.26 | 23.99 | 25.02 | 31.00 | 27.11 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
1.01 | 0.86 | 1.09 | 1.31 | 1.43 | 0.83 | 0.37 | 0.31 | 0.29 | 0.30 |
Cash ROIC |
6.29% | 3.74% | (2.36%) | (1.79%) | 17.38% | 10.87% | 15.85% | 9.16% | 18.30% | 8.01% |
Accounts Receivable Turnover |
3.82 | 4.30 | 4.54 | 3.95 | 4.31 | 4.43 | 4.16 | 3.42 | 3.47 | 4.19 |
Accounts Payable Turnover |
5.35 | 5.65 | 6.02 | 6.19 | 8.06 | 9.14 | 8.37 | 6.98 | 5.26 | 4.95 |
Inventory Turnover |
3.19 | 3.19 | 2.92 | 2.43 | 2.33 | 2.48 | 2.70 | 2.22 | 2.26 | 3.00 |
Average Days of Payables |
66.08 | 61.84 | 57.69 | 56.69 | 35.31 | 46.74 | 43.19 | 53.45 | 89.03 | 71.09 |
Days of Inventory on Hand |
106.31 | 120.33 | 126.11 | 167.14 | 150.88 | 153.23 | 126.48 | 179.01 | 156.20 | 109.62 |
Average Receivables |
59.53 | 54.78 | 51.12 | 53.77 | 52.31 | 56.42 | 67.36 | 73.62 | 75.50 | 69.38 |
Average Payables |
10.18 | 9.44 | 8.62 | 7.90 | 6.22 | 5.85 | 6.79 | 6.87 | 9.78 | 12.12 |
Average Inventory |
17.07 | 16.71 | 17.75 | 20.16 | 21.56 | 21.60 | 21.08 | 21.61 | 22.76 | 20.02 |
Average Assets |
204.64 | 220.80 | 230.37 | 254.96 | 282.43 | 341.95 | 381.10 | 379.46 | 411.31 | 531.31 |
Average Common Equity |
81.41 | 90.57 | 101.13 | 106.34 | 112.38 | 162.43 | 194.95 | 194.44 | 219.85 | 221.69 |
Columns are period end dates