InsiderClue
Stocks · Technology · Computer Communications Equipment

A10 Networks, Inc.

ATEN Clue Score48
United States Fiscal year ends December CIK 0001580808
$29.63 +5.97% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $29.63 +124.30% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue227.3Operating income−20.6Net income−22.4Fiscal year 2017Revenue235.4 +3.6%Operating income−10.4Net income−10.8Fiscal year 2018Revenue232.2 −1.4%Operating income−27.7Net income−27.6EPS, diluted−0.38Fiscal year 2019Revenue212.6 −8.4%Operating income−17.1Net income−17.8EPS, diluted−0.23Fiscal year 2020Revenue225.5 +6.1%Operating income17.7Net income17.8EPS, diluted0.22Fiscal year 2021Revenue250.0 +10.9%Operating income33.4Net income94.9 +432.6%EPS, diluted1.19 +440.9%Fiscal year 2022Revenue280.3 +12.1%Operating income53.1Net income46.9 −50.6%EPS, diluted0.60 −49.6%Fiscal year 2023Revenue251.7 −10.2%Operating income38.6Net income40.0 −14.8%EPS, diluted0.53 −11.7%Fiscal year 2024Revenue261.7 +4.0%Operating income44.0Net income50.1 +25.4%EPS, diluted0.67 +26.4%Fiscal year 2025Revenue290.6 +11.0%Operating income47.1Net income42.1 −16.0%EPS, diluted0.57 −14.9%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 227.3 235.4 232.2 212.6 225.5 250.0 280.3 251.7 261.7 290.6
Growth +3.6% −1.4% −8.4% +6.1% +10.9% +12.1% −10.2% +4.0% +11.0%
Operating income −20.6 −10.4 −27.7 −17.1 17.7 33.4 53.1 38.6 44.0 47.1
Net income −22.4 −10.8 −27.6 −17.8 17.8 94.9 46.9 40.0 50.1 42.1
Growth +432.6% −50.6% −14.8% +25.4% −16.0%
EPS, diluted n/a n/a −0.38 −0.23 0.22 1.19 0.60 0.53 0.67 0.57
Growth +440.9% −49.6% −11.7% +26.4% −14.9%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin76.1%Operating margin−9.0%Net margin−9.9%Free cash flow margin6.1%Fiscal year 2017Gross margin77.4%Operating margin−4.4%Net margin−4.6%Free cash flow margin3.6%Fiscal year 2018Gross margin77.7%Operating margin−11.9%Net margin−11.9%Free cash flow margin−2.4%Fiscal year 2019Gross margin77.0%Operating margin−8.0%Net margin−8.4%Free cash flow margin−2.2%Fiscal year 2020Gross margin77.8%Operating margin7.9%Net margin7.9%Free cash flow margin22.9%Fiscal year 2021Gross margin78.6%Operating margin13.4%Net margin37.9%Free cash flow margin18.0%Fiscal year 2022Gross margin79.7%Operating margin18.9%Net margin16.7%Free cash flow margin19.7%Fiscal year 2023Gross margin80.9%Operating margin15.4%Net margin15.9%Free cash flow margin13.4%Fiscal year 2024Gross margin80.4%Operating margin16.8%Net margin19.2%Free cash flow margin29.9%Fiscal year 2025Gross margin79.3%Operating margin16.2%Net margin14.5%Free cash flow margin22.3%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 76.1% 77.4% 77.7% 77.0% 77.8% 78.6% 79.7% 80.9% 80.4% 79.3%
Operating margin −9.0% −4.4% −11.9% −8.0% 7.9% 13.4% 18.9% 15.4% 16.8% 16.2%
Net margin −9.9% −4.6% −11.9% −8.4% 7.9% 37.9% 16.7% 15.9% 19.2% 14.5%
Free cash flow margin 6.1% 3.6% −2.4% −2.2% 22.9% 18.0% 19.7% 13.4% 29.9% 22.3%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow18.8Capital expenditure−4.9Free cash flow13.9Buybacks−1.8Fiscal year 2017Operating cash flow14.3Capital expenditure−5.7Free cash flow8.6 −38.3%Buybacks−3.1Fiscal year 2018Operating cash flow−2.7Capital expenditure−2.8Free cash flow−5.5 −164.0%Buybacks0.0Fiscal year 2019Operating cash flow−0.4Capital expenditure−4.3Free cash flow−4.8Buybacks0.0Dividends paid0.0Fiscal year 2020Operating cash flow55.3Capital expenditure−3.6Free cash flow51.7Buybacks−32.5Dividends paid0.0Fiscal year 2021Operating cash flow50.1Capital expenditure−5.2Free cash flow44.9 −13.1%Buybacks−18.3Dividends paid−3.9Fiscal year 2022Operating cash flow66.1Capital expenditure−10.8Free cash flow55.3 +23.1%Buybacks−79.3Dividends paid−15.9Fiscal year 2023Operating cash flow44.5Capital expenditure−10.9Free cash flow33.6 −39.2%Buybacks−16.0Dividends paid−17.8Fiscal year 2024Operating cash flow90.5Capital expenditure−12.3Free cash flow78.2 +132.7%Buybacks−30.1Dividends paid−17.8Fiscal year 2025Operating cash flow84.9Capital expenditure−20.1Free cash flow64.8 −17.2%Buybacks−68.9Dividends paid−17.4
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 18.8 14.3 −2.7 −0.4 55.3 50.1 66.1 44.5 90.5 84.9
Capital expenditure −4.9 −5.7 −2.8 −4.3 −3.6 −5.2 −10.8 −10.9 −12.3 −20.1
Free cash flow 13.9 8.6 −5.5 −4.8 51.7 44.9 55.3 33.6 78.2 64.8
Growth −38.3% −164.0% −13.1% +23.1% −39.2% +132.7% −17.2%
Buybacks −1.8 −3.1 0.0 0.0 −32.5 −18.3 −79.3 −16.0 −30.1 −68.9
Dividends paid n/a n/a n/a 0.0 0.0 −3.9 −15.9 −17.8 −17.8 −17.4

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash29.0Shareholders’ equity82.8Fiscal year 2017Cash46.6Shareholders’ equity98.4Fiscal year 2018Cash40.6Shareholders’ equity103.9Fiscal year 2019Cash45.7Shareholders’ equity108.8Fiscal year 2020Cash83.3Shareholders’ equity116.0Fiscal year 2021Cash78.9Shareholders’ equity208.9Fiscal year 2022Cash68.0Shareholders’ equity181.0Fiscal year 2023Cash97.2Shareholders’ equity207.9Fiscal year 2024Cash95.1Total debt0.0Net cash (debt)95.1Shareholders’ equity231.8Debt to equity0.00Fiscal year 2025Cash71.1Total debt218.8Net cash (debt)−147.6Shareholders’ equity211.5Debt to equity1.03
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 29.0 46.6 40.6 45.7 83.3 78.9 68.0 97.2 95.1 71.1
Total debt n/a n/a n/a n/a n/a n/a n/a n/a 0.0 218.8
Net cash (debt) n/a n/a n/a n/a n/a n/a n/a n/a 95.1 −147.6
Shareholders’ equity 82.8 98.4 103.9 108.8 116.0 208.9 181.0 207.9 231.8 211.5
Debt to equity n/a n/a n/a n/a n/a n/a n/a n/a 0.00 1.03

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
76.1% 77.4% 77.7% 77.0% 77.8% 78.6% 79.7% 80.9% 80.4% 79.3%
−9.0% −4.4% −11.9% −8.0% 7.9% 13.4% 18.9% 15.4% 16.8% 16.2%
−9.5% −4.1% −11.4% −7.7% 8.5% 12.7% 18.8% 17.4% 22.2% 18.0%
−9.9% −4.6% −11.9% −8.4% 7.9% 37.9% 16.7% 15.9% 19.2% 14.5%
6.1% 3.6% −2.4% −2.2% 22.9% 18.0% 19.7% 13.4% 29.9% 22.3%
Spending
26.7% 26.8% 28.1% 29.1% 25.7% 21.6% 20.8% 21.9% 22.1% 23.8%
11.6% 11.9% 17.1% 11.1% 9.7% 9.4% 8.4% 9.5% 9.7% 10.3%
2.1% 2.4% 1.2% 2.0% 1.6% 2.1% 3.9% 4.3% 4.7% 6.9%
n/a n/a n/a n/a 6.9% −199.9% 11.0% 8.7% 13.7% 19.6%
Returns
−27.1% −10.9% −26.6% −16.4% 15.4% 45.4% 25.9% 19.2% 21.6% 19.9%
−10.3% −4.8% −11.7% −6.5% 6.1% 24.1% 12.7% 10.3% 11.6% 6.7%
Balance and payout
n/a n/a n/a n/a n/a n/a n/a n/a 0.00 1.03
61.8% 56.2% 56.0% 60.3% 60.1% 46.9% 51.0% 46.7% 46.4% 66.4%
n/a n/a n/a n/a 0.0% 4.1% 33.9% 44.6% 35.5% 41.2%
12.9% 35.8% n/a n/a 62.9% 49.3% 172.1% 100.5% 61.2% 133.2%