Saturday 17 October 2026 Export ATEN’s income statement to Excel — free account

A10 Networks, Inc.

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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Market cap: $1.8B
P/E: 40.8×
Fwd P/E: 41.0×
Dividend yield: 0.98%
F-score: 5/9
Altman Z: 3.20
Beneish M: −3.32
Dividend safety: 77/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 3.19

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	1	—	—	1	—	—	2	—	—

Insider Ownership 3.92%

Capital & Financial Ratios $m

Market Cap 1,840.00

Revenue 310.17

Net Income 42.97

Free Cash Flow 60.94

Net Debt (137.83)

Current Ratio 1.29

Debt/Equity 0.92

P/E ratio 40.77

Fwd P/E 41.00

P/S ratio 5.69

P/B ratio 7.42

Past 5Y EPS Growth 20.97%

This Y EPS Growth 15.94%

Next Y EPS Growth 13.54%

Next Y revenue growth 13.30%

Next 5Y EPS Growth 14.54%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 77.38%

10-year low 10-year high

P/S against its own 10 years 94.10%

10-year low 10-year high

P/B against its own 10 years 88.83%

10-year low 10-year high

EV/Sales against its own 10 years 95.58%

10-year low 10-year high

EV/FCF against its own 10 years 69.47%

10-year low 10-year high

Dividends

Payout Ratio 0.40

Annual Dividend Rate 0.24

Annual Dividend Yield 0.98%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.25	0.06 0.06 0.06
2025	0.24	0.06 0.06 0.06 0.06
2024	0.24	0.06 0.06 0.06 0.06
2023	0.24	0.06 0.06 0.06 0.06
2022	0.21	0.05 0.05 0.05 0.06
2021	0.05	0.05
2020	Powerpack
2019	Powerpack
2017	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	159	196	378	357
Receivables	74	77	62	72
Inventory	24	22	18	32
Other	—	—	—	—
	272	307	476	483

	2023	2024	2025	Q'26
Payables	7	13	12	25
ST’ Debt	—	—	—	220
Other	—	—	—	—
	111	124	134	375

Compound Annual Growth %

	10y	5y	3y
Sales	4.00%	5.20%	1.20%
Cash Flow	37.99%	8.96%	8.70%
Earnings	0.00%	18.79%	(3.51%)
Book Value	10.20%	12.77%	5.33%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	75	80	—	—	—
’25	66	69	75	80	291
’24	61	60	67	74	262
’23	58	66	58	70	252
’22	63	68	72	78	280
’21	55	59	65	71	250
’20	54	53	57	63	226

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	2	29	—	—	—
’25	17	22	23	23	85
’24	32	12	20	26	90
’23	(1)	20	23	3	45
’22	16	9	14	27	66
’21	2	17	22	9	50
’20	12	10	16	17	55

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(1)	28	—	—	—
’25	13	18	18	16	65
’24	30	9	17	23	78
’23	(4)	17	20	0	34
’22	13	7	11	25	55
’21	2	15	21	7	45
’20	11	10	15	16	52

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.17	0.12	—	—	—
’25	0.13	0.14	0.17	0.14	0.57
’24	0.13	0.13	0.17	0.24	0.67
’23	0.05	0.15	0.09	0.24	0.53
’22	0.08	0.13	0.16	0.24	0.60
’21	0.03	0.08	0.94	0.13	1.19
’20	0.00	0.05	0.08	0.10	0.22

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	4.84	6.02	5.51	5.93	3.43	8.42	12.27	10.04	12.27	13.81	Analyst estimates 2026–2028 Powerpack
	High	10.87	9.94	7.82	8.29	10.94	19.05	19.79	17.00	19.37	21.90
People
People	Employees	837	835	834	810	740	590	575	525	481	494
	Revenue/emp, $m	0.27	0.28	0.28	0.26	0.30	0.42	0.49	0.48	0.54	0.59
Income, $m
Income, $m	Revenue	227	235	232	213	226	250	280	252	262	291
	Gross margin, %	76.06	77.35	77.65	77.01	77.76	78.60	79.73	80.94	80.35	79.34
	EBT	(22)	(10)	(27)	(16)	19	32	53	44	58	52
	EBT margin, %	(9.52)	(4.05)	(11.43)	(7.72)	8.49	12.65	18.80	17.40	22.20	18.04
	Net income	(22)	(11)	(28)	(18)	18	95	47	40	50	42
	Depreciation	8	9	8	10	11	9	7	9	11	15
Per share, $
Per share, $	Revenue	3.46	3.36	3.19	2.79	2.90	3.25	3.71	3.39	3.53	4.02
	Earnings	(0.32)	(0.15)	(0.38)	(0.23)	0.23	1.23	0.62	0.54	0.68	0.58
	Cash flow	0.29	0.20	(0.04)	(0.01)	0.71	0.65	0.88	0.60	1.22	1.18
	Capex	(0.10)	(0.08)	(0.04)	(0.06)	(0.05)	(0.07)	(0.14)	(0.15)	(0.17)	(0.28)
	Free cash flow	0.19	0.12	(0.08)	(0.06)	0.67	0.58	0.73	0.45	1.06	0.90
	Book value	1.26	1.40	1.43	1.43	1.49	2.71	2.40	2.80	3.13	2.93
	Shares, m	66	70	73	76	78	77	76	74	74	72
Valuation, ×
Valuation, ×	P/E	0.00	0.00	0.00	0.00	43.59	13.48	26.76	24.13	27.06	29.98
	P/S	2.43	2.31	1.96	2.46	3.40	5.11	4.54	3.84	5.21	4.40
	P/B	6.69	5.52	4.38	4.80	6.61	6.12	7.03	4.65	5.88	6.04
	EV/Sales	1.93	1.75	1.41	2.00	2.83	4.46	4.08	3.28	4.53	3.87
	EV/FCF	31.56	47.99	(59.44)	(89.36)	12.33	24.83	20.69	24.56	15.16	17.35
Cash, $m
Cash, $m	Operating cash flow	19	14	(3)	0	55	50	66	45	90	85
	Capex	(6)	(6)	(3)	(4)	(4)	(5)	(11)	(11)	(12)	(20)
	Free cash flow	12	9	(5)	(5)	52	45	55	34	78	65
Balance, $m
Balance, $m	Working capital	95	111	118	123	135	168	139	161	184	342
	Total debt	—	—	—	28	23	19	17	—	—	219
	Net debt	(114)	(131)	(128)	(102)	(135)	(166)	(134)	(159)	(196)	(159)
	Shareholders’ equity	83	98	104	109	116	209	181	208	232	212
Returns, %
Returns, %	ROA	(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
	ROE	(27.50)	(11.87)	(27.31)	(16.76)	15.85	58.42	24.06	20.56	22.81	19.01

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
MQ Marqeta, Inc.	$2.0B	170×	104×	+17.02% (above 0%: growing)	n/m	+1,068.67% (above 0%: growing)	69.25%	2.07%	Compare
AI C3.ai, Inc.	$2.0B	— (loss-making)	— (loss-making)	−25.46% (below 0%: shrinking)	n/m	+106.02% (above 0%: growing)	31.83%	(187.62%)	Compare
FORG ForgeRock, Inc.	$2.0B	— (loss-making)	— (loss-making)	+22.25% (above 0%: growing)	n/m	+28.02% (above 0%: growing)	77.49%	(51.61%)	Compare
EVTC Evertec, Inc.	$1.9B	20.3×	10.0×	+19.69% (above 0%: growing)	−85.71% (below 0%: shrinking)	+20.64% (above 0%: growing)	54.79%	19.39%	Compare
ATEN A10 Networks, Inc.	$1.8B	40.8×	41.0×	+15.50% (above 0%: growing)	−20.00% (below 0%: shrinking)	+53.34% (above 0%: growing)	79.09%	11.26%
NN NextNav Inc.	$1.8B	— (loss-making)	— (loss-making)	−4.33% (below 0%: shrinking)	n/m	−33.14% (below 0%: shrinking)	(78.70%)	(1,760.78%)	Compare
NYAX Nayax Ltd.	$1.7B	209×	85.0×	+28.25% (above 0%: growing)	n/m	−335.31% (below 0%: shrinking)	46.86%	(5.42%)	Compare
PRGS Progress Software Corporation	$1.7B	18.6×	18.0×	−1.52% (below 0%: shrinking)	+23.27% (above 0%: growing)	+19.24% (above 0%: growing)	82.74%	18.92%	Compare
BAND Bandwidth Inc.	$1.6B	722×	157×	+22.16% (above 0%: growing)	n/m	−7.38% (below 0%: shrinking)	35.72%	(2.07%)	Compare
Median of peers	$1.8B	170×	85.0×	+18.36%	—	+19.94%	50.83%	(3.74%)

All 173 Software Infrastructure stocks →

A10 Networks, Inc. (ATEN) key facts

Strength: A10 Networks, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $290.6 million, up 11.0% from fiscal 2024.
A10 Networks, Inc. (ATEN) is a Software Infrastructure company in the Technology sector, listed on the New York Stock Exchange.
As of October 16, 2026, ATEN traded at $24.46, a market capitalization of $1.8 billion.
A10 Networks, Inc. pays an annual dividend of $0.24 per share, a yield of 0.98%, with a payout ratio of 40.0%.
Return on equity was 19.0% and debt-to-equity 0.92.
Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 3.20 (safe zone) for fiscal 2025.