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
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$291M
$42M
79.3%
16.2%
$65M
$219M
$71M
2024
$262M
$50M
80.4%
16.8%
$78M
$0
$95M
2023
$252M
$40M
80.9%
15.4%
$34M
—
$97M
2022
$280M
$47M
79.7%
18.9%
$55M
—
$68M
2021
$250M
$95M
78.6%
13.4%
$45M
—
$79M
2020
$226M
$18M
77.8%
7.9%
$52M
—
$83M
2019
$213M
-$18M
77.0%
-8.0%
-$5M
—
$46M
2018
$232M
-$28M
77.7%
-11.9%
-$5M
—
$41M
2017
$235M
-$11M
77.4%
-4.4%
$9M
—
$47M
2016
$227M
-$22M
76.1%
-9.0%
$14M
—
$29M
2015
—
-$42M
—
—
-$86000
—
$98M
2014
—
-$35M
—
—
-$37M
—
$92M
2013
—
-$27M
—
—
-$28M
—
$21M
2012
—
-$90M
—
—
-$1M
—
$24M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$75M
$12M
79.6%
17.3%
-$689000
$219M
$58M
Dec '25
$80M
$10M
78.7%
18.7%
$16M
$219M
$71M
Sep '25
$75M
$12M
80.1%
17.4%
$18M
$218M
$87M
Jun '25
$69M
$11M
78.9%
14.9%
—
$218M
$253M
Mar '25
$66M
$10M
79.7%
13.3%
$13M
$218M
$244M
Dec '24
$74M
$18M
79.9%
24.8%
$23M
$0
$95M
Sep '24
$67M
$13M
80.5%
15.7%
$17M
—
$78M
Jun '24
$60M
$9M
80.0%
13.2%
$9M
—
$77M
Mar '24
$61M
$10M
81.1%
11.9%
$30M
—
$123M
Dec '23
$70M
$18M
81.1%
25.6%
-$413000
—
$97M
Sep '23
$58M
$6M
80.9%
3.8%
$20M
—
$104M
Jun '23
$66M
$12M
79.5%
18.6%
$17M
—
$111M
Mar '23
$58M
$4M
82.3%
10.7%
-$4M
—
$69M
Dec '22
$78M
$18M
79.7%
21.0%
$25M
—
$68M
Sep '22
$72M
$12M
79.5%
21.7%
$11M
—
$32M
Jun '22
$68M
$10M
80.2%
19.3%
$7M
—
$84M
Mar '22
$63M
$6M
79.5%
12.8%
$13M
—
$68M
Dec '21
$71M
$11M
79.9%
16.8%
$7M
—
$79M
Sep '21
$65M
$75M
79.8%
15.8%
$21M
—
$86M
Jun '21
$59M
$7M
77.0%
12.2%
$15M
—
$68M
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.
The price-to-earnings ratio has risen from 23.8× (Mar '23) to 59.4× (Jun '26).
The price-to-sales ratio has risen from 4.0× (Mar '23) to 8.6× (Jun '26).
The dividend yield has fallen from 1.4% (Mar '23) to 0.7% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
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 Jun '26, A10 Networks, Inc. traded at a price-to-earnings ratio of about 59.4× (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.