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ATEN Financials A10 Networks, Inc.

14 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 5.2% per year over the past 5 years.
  • Net income has grown faster than revenue (18.8% vs 5.2% per year).
  • Operating margin has expanded, at 16.2% in the latest year.
  • Free cash flow has grown 4.6% per year over the past 5 years.

Financial health

  • Total debt ($219M) exceeds cash ($71M); net debt is $148M.
  • Total debt is 3.5× EBITDA.

Shareholder returns

  • Dividends have been paid for 5 consecutive years, consuming 41.2% of earnings and 26.8% of free cash flow.
Revenue & net income
-$90M $100M $291M $0 2012 2014 2016 2018 2020 2022 2024
RevenueNet income
Margins (gross / operating / net)
-12% 35% 81% 0% 2012 2014 2016 2018 2020 2022 2024
GrossOperatingNet
Return on equity & assets (ROE / ROA)
-54% 13% 81% 0% 2012 2014 2016 2018 2020 2022 2024
ROEROA
Free cash flow (CFO − capex)
-$37M $21M $78M $0 2012 2014 2016 2018 2020 2022 2024
Free cash flow
Cash vs total debt
$0 $109M $219M 2012 2014 2016 2018 2020 2022 2024
CashTotal debt
Cash flow: operating / investing / financing
-$244M -$54M $135M $0 2012 2014 2016 2018 2020 2022 2024
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
2025 $291M $42M 79.3% 16.2% 19.9% 6.7% $65M $219M $71M
2024 $262M $50M 80.4% 16.8% 21.6% 11.6% $78M $0 $95M
2023 $252M $40M 80.9% 15.4% 19.2% 10.3% $34M $97M
2022 $280M $47M 79.7% 18.9% 25.9% 12.7% $55M $68M
2021 $250M $95M 78.6% 13.4% 45.4% 24.1% $45M $79M
2020 $226M $18M 77.8% 7.9% 15.4% 6.1% $52M $83M
2019 $213M -$18M 77.0% -8.0% -16.4% -6.5% -$5M $46M
2018 $232M -$28M 77.7% -11.9% -26.6% -11.7% -$5M $41M
2017 $235M -$11M 77.4% -4.4% -10.9% -4.8% $9M $47M
2016 $227M -$22M 76.1% -9.0% -27.1% -10.3% $14M $29M
2015 -$42M -53.6% -22.1% -$86000 $98M
2014 -$35M -36.0% -18.6% -$37M $92M
2013 -$27M 20.1% -28.9% -$28M $21M
2012 -$90M 80.6% -$1M $24M

Valuation over time

How the market has priced ATEN against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 32.2 64.4 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/E
Price / sales (P/S)
0.0 4.7 9.3 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/S
Dividend yield (%)
0.0 1.0 2.0 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
Dividend yield %

Frequently asked questions

Is ATEN growing its revenue and profit?

Over the past 5 years, A10 Networks, Inc.'s revenue has grown 5.2% per year, and net income grown 18.8% per year. These are computed facts, not advice.

How much debt does ATEN have?

As of FY2025, A10 Networks, Inc. reported $219M of total debt against $71M of cash.

What is ATEN's profit margin?

In FY2025, gross margin was 79.3%, operating margin 16.2%, and net margin 14.5%.

What is ATEN's P/E ratio?

As of Sep '26, A10 Networks, Inc. traded at a price-to-earnings ratio of about 42.6× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.