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
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
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
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
Jun '26
$80M
$9M
79.1%
11.3%
3.7%
1.3%
$28M
$0
$55M
Mar '26
$75M
$12M
79.6%
17.3%
5.4%
1.9%
-$689000
$219M
$58M
Dec '25
$80M
$10M
78.7%
18.7%
4.7%
1.6%
$16M
$219M
$71M
Sep '25
$75M
$12M
80.1%
17.4%
5.9%
2.0%
$18M
$218M
$87M
Jun '25
$69M
$11M
78.9%
14.9%
5.2%
1.7%
$18M
$218M
$253M
Mar '25
$66M
$10M
79.7%
13.3%
4.9%
1.6%
$13M
$218M
$244M
Dec '24
$74M
$18M
79.9%
24.8%
7.9%
4.2%
$23M
$0
$95M
Sep '24
$67M
$13M
80.5%
15.7%
5.8%
3.1%
$17M
—
$78M
Jun '24
$60M
$9M
80.0%
13.2%
4.4%
2.4%
$9M
—
$77M
Mar '24
$61M
$10M
81.1%
11.9%
4.5%
2.5%
$30M
—
$123M
Dec '23
$70M
$18M
81.1%
25.6%
8.6%
4.6%
-$413000
—
$97M
Sep '23
$58M
$6M
80.9%
3.8%
3.3%
1.7%
$20M
—
$104M
Jun '23
$66M
$12M
79.5%
18.6%
6.0%
3.2%
$17M
—
$111M
Mar '23
$58M
$4M
82.3%
10.7%
2.1%
1.1%
-$4M
—
$69M
Dec '22
$78M
$18M
79.7%
21.0%
10.0%
4.9%
$25M
—
$68M
Sep '22
$72M
$12M
79.5%
21.7%
7.5%
3.4%
$11M
—
$32M
Jun '22
$68M
$10M
80.2%
19.3%
5.3%
2.7%
$7M
—
$84M
Mar '22
$63M
$6M
79.5%
12.8%
3.4%
1.8%
$13M
—
$68M
Dec '21
$71M
$11M
79.9%
16.8%
5.1%
2.7%
$7M
—
$79M
Sep '21
$65M
$75M
79.8%
15.8%
36.8%
20.0%
$21M
—
$86M
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 24.0× (Mar '23) to 41.9× (Nov '26).
The price-to-sales ratio has risen from 4.0× (Mar '23) to 6.1× (Nov '26).
The dividend yield has fallen from 1.4% (Mar '23) to 1.0% (Nov '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?
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.