A10 Networks, Inc.

EDGAR

Annual consolidated revenue for 2025: about USD 290.6M, using the latest reported figures. The previous period, 2024, was about USD 261.7M.

Watchlist

Latest quarter

Revenue

80.1 million USD

2026 Q2 · USD

Exact inputs and evidence

Operating margin

11.26%

2026 Q2 · %

Exact inputs and evidence
  • Operating Income: 9024000 USD Source
  • Revenue: 80137000 USD Source

Operating cash flow

29.1 million USD

2026 Q2 · USD

Exact inputs and evidence
  • Operating Cash Flow: 31346000 USD Source
  • Operating Cash Flow: 2231000 USD Source

Free cash flow

27.5 million USD

2026 Q2 · USD

Exact inputs and evidence
  • Operating Cash Flow: 31346000 USD Source
  • Operating Cash Flow: 2231000 USD Source
  • Capital Expenditure: 4530000 USD Source
  • Capital Expenditure: 2920000 USD Source
Cash and cash equivalents
54.7 million USD Source
Exact value

54700000 USD

Long-term debt including current maturities
0 USD Source
Exact value

0 USD

Shares outstanding
72.5 million shares Source
Exact value

72454000 shares

Reported share-count change

0.64% · 462 thousand shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 71992000 shares · 2025-06-30· Source
  • 72454000 shares · 2026-06-30· Source

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

310 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Revenue: 74682000 USD · 2025-07-01 – 2025-09-30 Source
  • Revenue: 290557000 USD · 2025-01-01 – 2025-12-31 Source
  • Revenue: 210202000 USD · 2025-01-01 – 2025-09-30 Source
  • Revenue: 75000000 USD · 2026-01-01 – 2026-03-31 Source
  • Revenue: 80137000 USD · 2026-04-01 – 2026-06-30 Source

Net income

43 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Net income: 12191000 USD · 2025-07-01 – 2025-09-30 Source
  • Net income: 42137000 USD · 2025-01-01 – 2025-12-31 Source
  • Net income: 32272000 USD · 2025-01-01 – 2025-09-30 Source
  • Net income: 12032000 USD · 2026-01-01 – 2026-03-31 Source
  • Net income: 8882000 USD · 2026-04-01 – 2026-06-30 Source

Operating cash flow

76.9 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Operating cash flow: 62187000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 39384000 USD · 2025-01-01 – 2025-06-30 Source
  • Operating cash flow: 84894000 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: 62187000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 2231000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 31346000 USD · 2026-01-01 – 2026-06-30 Source
  • Operating cash flow: 2231000 USD · 2026-01-01 – 2026-03-31 Source

Capital expenditure

15.9 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Capital expenditure: 13464000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 8737000 USD · 2025-01-01 – 2025-06-30 Source
  • Capital expenditure: 20128000 USD · 2025-01-01 – 2025-12-31 Source
  • Capital expenditure: 13464000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 2920000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 4530000 USD · 2026-01-01 – 2026-06-30 Source
  • Capital expenditure: 2920000 USD · 2026-01-01 – 2026-03-31 Source

Free cash flow

60.9 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Operating cash flow: 62187000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 39384000 USD · 2025-01-01 – 2025-06-30 Source
  • Operating cash flow: 84894000 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: 62187000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 2231000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 31346000 USD · 2026-01-01 – 2026-06-30 Source
  • Operating cash flow: 2231000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 13464000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 8737000 USD · 2025-01-01 – 2025-06-30 Source
  • Capital expenditure: 20128000 USD · 2025-01-01 – 2025-12-31 Source
  • Capital expenditure: 13464000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 2920000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 4530000 USD · 2026-01-01 – 2026-06-30 Source
  • Capital expenditure: 2920000 USD · 2026-01-01 – 2026-03-31 Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-08-06.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 11 of 11 periods available· newest 2025-12-31
  • Operating income: 11 of 11 periods available· newest 2025-12-31
  • Net income: 11 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 11 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 11 of 11 periods available· newest 2025-12-31
  • Total assets: 11 of 11 periods available· newest 2025-12-31
  • Total liabilities: 11 of 11 periods available· newest 2025-12-31
  • Current assets: 11 of 11 periods available· newest 2025-12-31
  • Current liabilities: 11 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 11 of 11 periods available· newest 2025-12-31
  • Long-term debt including current maturities: 2 of 11 periods available· newest 2025-12-31
  • Shares outstanding: 11 of 11 periods available· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +11%

    Prior period

    USD 261.7 million

    –

    Current period

    USD 290.56 million

    –

    Exact inputs and evidence

    290557000 − 261696000 = 28861000 USD

    261696000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    290557000 USD · 2025-01-01 – 2025-12-31

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  • Net income

    -16%

    Prior period

    USD 50.14 million

    –

    Current period

    USD 42.14 million

    –

    Exact inputs and evidence

    42137000 − 50140000 = -8003000 USD

    50140000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    42137000 USD · 2025-01-01 – 2025-12-31

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  • Operating cash flow

    -6.2%

    Prior period

    USD 90.49 million

    –

    Current period

    USD 84.89 million

    –

    Exact inputs and evidence

    84894000 − 90492000 = -5598000 USD

    90492000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    84894000 USD · 2025-01-01 – 2025-12-31

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  • Capital expenditure

    +64.1%

    Prior period

    USD 12.27 million

    –

    Current period

    USD 20.13 million

    –

    Exact inputs and evidence

    20128000 − 12268000 = 7860000 USD

    12268000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    20128000 USD · 2025-01-01 – 2025-12-31

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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 290.56 million 100% of revenue
  • Cost of revenue USD 60.04 million 21% of revenue
  • Operating expenses USD 183.37 million 63% of revenue
  • Operating income USD 47.14 million 16% of revenue
  • Tax, interest and other Derived USD 5.01 million 1.7% of revenue
  • Net income USD 42.14 million 15% of revenue

Cash

  • Operating cash flow USD 84.89 million 29% of revenue
  • Capital expenditure USD 20.13 million 6.9% of revenue
  • Free cash flow Derived USD 64.77 million 22% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2016 Operating loss: operating costs were 109% of revenue.
  • 2017 Operating loss: operating costs were 104% of revenue.
  • 2018 Operating loss: operating costs were 112% of revenue.
  • 2019 Operating loss: operating costs were 108% of revenue.
  • 2020 Net income was higher than operating income, so the split is not drawn.
  • 2021 Net income was higher than operating income, so the split is not drawn.
  • 2022 17%81%
  • 2023 Net income was higher than operating income, so the split is not drawn.
  • 2024 Net income was higher than operating income, so the split is not drawn.
  • 2025 15%84%
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2016 2016-01-01 – 2016-12-31227297000 247867000 Derived -20570000 1821000 Derived -22391000 13906000 Derived
Source
2017 2017-01-01 – 2017-12-31235429000 245801000 Derived -10372000 379000 Derived -10751000 8580000 Derived
Source
2018 2018-01-01 – 2018-12-31232223000 259902000 Derived -27679000 -62000 Derived -27617000 -5491000 Derived
Source
2019 2019-01-01 – 2019-12-31212628000 229722000 Derived -17094000 725000 Derived -17819000 -4766000 Derived
Source
2020 2020-01-01 – 2020-12-31225527000 207794000 Derived 17733000 -83000 Derived 17816000 51722000 Derived
Source
2021 2021-01-01 – 2021-12-31250042000 216654000 Derived 33388000 -61499000 Derived 94887000 44926000 Derived
Source
2022 2022-01-01 – 2022-12-31280338000 227259000 Derived 53079000 6171000 Derived 46908000 55301000 Derived
Source
2023 2023-01-01 – 2023-12-31251700000 213052000 Derived 38648000 -1322000 Derived 39970000 33618000 Derived
Source
2024 2024-01-01 – 2024-12-31261696000 217728000 Derived 43968000 -6172000 Derived 50140000 78224000 Derived
Source
2025 2025-01-01 – 2025-12-31290557000 243415000 Derived 47142000 5005000 Derived 42137000 64766000 Derived
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 290.6M 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.313.8M235.4M156.9M78.5M0.0201620212025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Revenue227297000
2017Revenue235429000
2018Revenue232223000
2019Revenue212628000
2020Revenue225527000
2021Revenue250042000
2022Revenue280338000
2023Revenue251700000
2024Revenue261696000
2025Revenue290557000

Revenue growth

Change in revenue from the same financial period one year earlier.

11% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.17.9%10.3%2.8%-4.8%-12.3%201620212025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2016Year over year15.8%
2017Year over year3.6%
2018Year over year-1.4%
2019Year over year-8.4%
2020Year over year6.1%
2021Year over year10.9%
2022Year over year12.1%
2023Year over year-10.2%
2024Year over year4%
2025Year over year11%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 16.2% 2025
Net margin 14.5% 2025
Free cash flow margin 22.3% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.42%27%13%-1%-16%201620212025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2016Operating margin-9%
2017Operating margin-4.4%
2018Operating margin-11.9%
2019Operating margin-8%
2020Operating margin7.9%
2021Operating margin13.4%
2022Operating margin18.9%
2023Operating margin15.4%
2024Operating margin16.8%
2025Operating margin16.2%
2016Net margin-9.9%
2017Net margin-4.6%
2018Net margin-11.9%
2019Net margin-8.4%
2020Net margin7.9%
2021Net margin37.9%
2022Net margin16.7%
2023Net margin15.9%
2024Net margin19.2%
2025Net margin14.5%
2016Free cash flow margin6.1%
2017Free cash flow margin3.6%
2018Free cash flow margin-2.4%
2019Free cash flow margin-2.2%
2020Free cash flow margin22.9%
2021Free cash flow margin18%
2022Free cash flow margin19.7%
2023Free cash flow margin13.4%
2024Free cash flow margin29.9%
2025Free cash flow margin22.3%

Operating cash flow

Cash generated by the company’s normal business operations.

USD 84.9M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.97.9M70.9M43.9M16.9M-10.1M201620212025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Operating cash flow18778000
2017Operating cash flow14314000
2018Operating cash flow-2694000
2019Operating cash flow-426000
2020Operating cash flow55286000
2021Operating cash flow50097000
2022Operating cash flow66100000
2023Operating cash flow44514000
2024Operating cash flow90492000
2025Operating cash flow84894000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD 64.8M 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.84.9M60.6M36.4M12.1M-12.2M201620212025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Free cash flow13906000
2017Free cash flow8580000
2018Free cash flow-5491000
2019Free cash flow-4766000
2020Free cash flow51722000
2021Free cash flow44926000
2022Free cash flow55301000
2023Free cash flow33618000
2024Free cash flow78224000
2025Free cash flow64766000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

66.4% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.72%54%36%18%0%201620212025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2016Liabilities / assets61.8%
2017Liabilities / assets56.2%
2018Liabilities / assets56%
2019Liabilities / assets60.3%
2020Liabilities / assets60.1%
2021Liabilities / assets46.9%
2022Liabilities / assets51%
2023Liabilities / assets46.7%
2024Liabilities / assets46.4%
2025Liabilities / assets66.4%

Current assets to current liabilities

Current assets divided by current liabilities.

3.56× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.3.85×2.88×1.92×0.96×0.00×201620212025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2016Current assets / current liabilities1.94×
2017Current assets / current liabilities2.2×
2018Current assets / current liabilities2.21×
2019Current assets / current liabilities2.26×
2020Current assets / current liabilities2.25×
2021Current assets / current liabilities2.45×
2022Current assets / current liabilities2.17×
2023Current assets / current liabilities2.45×
2024Current assets / current liabilities2.49×
2025Current assets / current liabilities3.56×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2016 2016-01-01 – 2016-12-31
−USD 22.39 million
Exact value

Exact value: -22391000 USD

2016-01-01 – 2016-12-31: -22391000 USD Inspect Net Income Open source
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USD 18.78 million
Exact value

Exact value: 18778000 USD

2016-01-01 – 2016-12-31: 18778000 USD Inspect Operating Cash Flow Open source
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USD 4.87 million
Exact value

Exact value: 4872000 USD

2016-01-01 – 2016-12-31: 4872000 USD Inspect Capital Expenditure Open source
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USD 13.91 million
Calculation and evidence

18778000 − 4872000 USD

Exact free cash flow: 13906000 USD

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2017 2017-01-01 – 2017-12-31
−USD 10.75 million
Exact value

Exact value: -10751000 USD

2017-01-01 – 2017-12-31: -10751000 USD Inspect Net Income Open source
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USD 14.31 million
Exact value

Exact value: 14314000 USD

2017-01-01 – 2017-12-31: 14314000 USD Inspect Operating Cash Flow Open source
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USD 5.73 million
Exact value

Exact value: 5734000 USD

2017-01-01 – 2017-12-31: 5734000 USD Inspect Capital Expenditure Open source
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USD 8.58 million
Calculation and evidence

14314000 − 5734000 USD

Exact free cash flow: 8580000 USD

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2018 2018-01-01 – 2018-12-31
−USD 27.62 million
Exact value

Exact value: -27617000 USD

2018-01-01 – 2018-12-31: -27617000 USD Inspect Net Income Open source
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−USD 2.69 million
Exact value

Exact value: -2694000 USD

2018-01-01 – 2018-12-31: -2694000 USD Inspect Operating Cash Flow Open source
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USD 2.8 million
Exact value

Exact value: 2797000 USD

2018-01-01 – 2018-12-31: 2797000 USD Inspect Capital Expenditure Open source
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−USD 5.49 million
Calculation and evidence

-2694000 − 2797000 USD

Exact free cash flow: -5491000 USD

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2019 2019-01-01 – 2019-12-31
−USD 17.82 million
Exact value

Exact value: -17819000 USD

2019-01-01 – 2019-12-31: -17819000 USD Inspect Net Income Open source
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−USD 426,000
Exact value

Exact value: -426000 USD

2019-01-01 – 2019-12-31: -426000 USD Inspect Operating Cash Flow Open source
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USD 4.34 million
Exact value

Exact value: 4340000 USD

2019-01-01 – 2019-12-31: 4340000 USD Inspect Capital Expenditure Open source
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−USD 4.77 million
Calculation and evidence

-426000 − 4340000 USD

Exact free cash flow: -4766000 USD

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2020 2020-01-01 – 2020-12-31
USD 17.82 million
Exact value

Exact value: 17816000 USD

2020-01-01 – 2020-12-31: 17816000 USD Inspect Net Income Open source
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USD 55.29 million
Exact value

Exact value: 55286000 USD

2020-01-01 – 2020-12-31: 55286000 USD Inspect Operating Cash Flow Open source
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USD 3.56 million
Exact value

Exact value: 3564000 USD

2020-01-01 – 2020-12-31: 3564000 USD Inspect Capital Expenditure Open source
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USD 51.72 million
Calculation and evidence

55286000 − 3564000 USD

Exact free cash flow: 51722000 USD

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2021 2021-01-01 – 2021-12-31
USD 94.89 million
Exact value

Exact value: 94887000 USD

2021-01-01 – 2021-12-31: 94887000 USD Inspect Net Income Open source
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USD 50.1 million
Exact value

Exact value: 50097000 USD

2021-01-01 – 2021-12-31: 50097000 USD Inspect Operating Cash Flow Open source
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USD 5.17 million
Exact value

Exact value: 5171000 USD

2021-01-01 – 2021-12-31: 5171000 USD Inspect Capital Expenditure Open source
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USD 44.93 million
Calculation and evidence

50097000 − 5171000 USD

Exact free cash flow: 44926000 USD

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2022 2022-01-01 – 2022-12-31
USD 46.91 million
Exact value

Exact value: 46908000 USD

2022-01-01 – 2022-12-31: 46908000 USD Inspect Net Income Open source
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USD 66.1 million
Exact value

Exact value: 66100000 USD

2022-01-01 – 2022-12-31: 66100000 USD Inspect Operating Cash Flow Open source
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USD 10.8 million
Exact value

Exact value: 10799000 USD

2022-01-01 – 2022-12-31: 10799000 USD Inspect Capital Expenditure Open source
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USD 55.3 million
Calculation and evidence

66100000 − 10799000 USD

Exact free cash flow: 55301000 USD

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2023 2023-01-01 – 2023-12-31
USD 39.97 million
Exact value

Exact value: 39970000 USD

2023-01-01 – 2023-12-31: 39970000 USD Inspect Net Income Open source
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USD 44.51 million
Exact value

Exact value: 44514000 USD

2023-01-01 – 2023-12-31: 44514000 USD Inspect Operating Cash Flow Open source
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USD 10.9 million
Exact value

Exact value: 10896000 USD

2023-01-01 – 2023-12-31: 10896000 USD Inspect Capital Expenditure Open source
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USD 33.62 million
Calculation and evidence

44514000 − 10896000 USD

Exact free cash flow: 33618000 USD

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2024 2024-01-01 – 2024-12-31
USD 50.14 million
Exact value

Exact value: 50140000 USD

2024-01-01 – 2024-12-31: 50140000 USD Inspect Net Income Open source
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USD 90.49 million
Exact value

Exact value: 90492000 USD

2024-01-01 – 2024-12-31: 90492000 USD Inspect Operating Cash Flow Open source
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USD 12.27 million
Exact value

Exact value: 12268000 USD

2024-01-01 – 2024-12-31: 12268000 USD Inspect Capital Expenditure Open source
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USD 78.22 million
Calculation and evidence

90492000 − 12268000 USD

Exact free cash flow: 78224000 USD

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2025 2025-01-01 – 2025-12-31
USD 42.14 million
Exact value

Exact value: 42137000 USD

2025-01-01 – 2025-12-31: 42137000 USD Inspect Net Income Open source
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USD 84.89 million
Exact value

Exact value: 84894000 USD

2025-01-01 – 2025-12-31: 84894000 USD Inspect Operating Cash Flow Open source
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USD 20.13 million
Exact value

Exact value: 20128000 USD

2025-01-01 – 2025-12-31: 20128000 USD Inspect Capital Expenditure Open source
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USD 64.77 million
Calculation and evidence

84894000 − 20128000 USD

Exact free cash flow: 64766000 USD

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

207 filings · 4,405 latest values · 4,405 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001580808, 1580808, ATEN, edgar:1580808

Also known as A10 NETWORKS, INC., A10 Networks, Inc.