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