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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?

A10 Networks, Inc.'s P/E (TTM) is 41.09 as of the 2026-11-03 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the ATEN stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 41.9× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.