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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.

Revenue: +15.5%
EPS: −20.0%
Free cash flow: +53.3%
Total debt: +0.66%

Quarter to June 2026, against a year earlier

Dividend growth 5 yrs

22.66 1.15 −4.83%

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Market cap: $1.6B
P/E: 37.8×
Fwd P/E: 39.0×
Dividend yield: 1.06%
F-score: 5/9
Altman Z: 3.20
Beneish M: −3.32
Dividend safety: 77/100

Overview

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

Show all line items

Columns are period end dates

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