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
+22.6%
EPS
+41.2%
Free cash flow
+69.7%
Total debt
+0.66%

Quarter to September 2026, against a year earlier

29.43 0.82 +2.87%
Market cap
$2.1B
P/E
42.7×
Fwd P/E
39.4×
Dividend yield
0.84%
F-score
5/9
ROIC
37.5%
Net debt / EBITDA
−2.6×
Dividend safety
77/100

A10 Networks, Inc. (ATEN) Free cash flow margin

Alert me on Free cash flow margin

A10 Networks, Inc.'s free cash flow margin over the twelve months to 30 September 2026 was 22.5%, up 0.2 percentage points from fiscal 2025 (22.3%). Over the past ten years it has ranged from −2.36% (fiscal 2018) to 29.9% (fiscal 2024); the current reading is higher than 82% of that period. That is above the Software Infrastructure industry median of 0.00% and above the Technology sector median of 0.72%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 22.3% (7.60)
FY2024 29.9% 16.53
FY2023 13.4% (6.37)
FY2022 19.7% 1.76
FY2021 18.0% (4.96)
FY2020 22.9% 25.17
FY2019 −2.24% 0.12
FY2018 −2.36% (6.00)
FY2017 3.64% (1.82)
FY2016 5.46% 5.50

Against its own ten years

Low −2.36% High 29.9%
Ten-year median 13.4%
Current reading's percentile 82

Free cash flow margin against peers

Company Free cash flow margin
STNE StoneCo Ltd. compare 27.2%
ATEN A10 Networks, Inc. 22.5%
PAGS PagSeguro Digital Ltd. compare 18.4%
MQ Marqeta, Inc. compare 15.4%
FIVN Five9, Inc. compare 14.1%
EVTC Evertec, Inc. compare 14.1%
CALX Calix, Inc compare 5.42%
INFQ Infleqtion, Inc. compare −28.1%
AI C3.ai, Inc. compare −67.0%
Software Infrastructure industry median 0.00%
Technology sector median 0.72%
Market median 0.26%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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