A10 Network Financials Overview

ATEN Stock

USD 27.80 0.53 1.94%

A10 Network's profitability, debt capacity, and cash conversion metrics provide the foundation for assessing financial durability. A10 Network reported $290.56 million in revenue and $42.14 million in net income, with a profit margin of 14.9%. On the balance sheet, cash sits at $127.77 million with debt at $222.64 million. A10 Network operates at significant scale, but margin compression and elevated leverage point to moderate financial flexibility with thin profitability. Profitability is present at the asset level, though below historical sector peaks.

Cash Flow Balance Sheet Income Statement

Macro event markers

Yuan Drop

Covid

Interest Hikes

Balance Sheet Account Activities

Other Assets stood at $80.35 million as of December 31, 2025. Meanwhile, Cash And Short Term Investments are holding steady around $377.85 million, while Common Stock Shares Outstanding is staying broadly flat near 73.59 million.

Common Stock Shares Outstanding Total Assets Short Long Term Debt Total Other Current Liab

Add Fundamental

Key Financial Indicators for A10 Network

Operating Margin

17.3%

Short Term Coverage Ratios

0.46

Short Long Term Debt Total

233.77 million

Other Current Liab

128.05 million

Price Earnings Ratio

31.85

A10 Network's financial condition is defined by how effectively operating cash flow supports debt obligations and ongoing capital investment. Liquidity, solvency, and earnings consistency together determine whether A10 Network can sustain operations under current conditions. Latest disclosures for A10 Network show $1.74 in Cash Per Share, $0.94 in Free Cash Flow Per Share, and a Cash Ratio of 0.50.

Net Working Capital

$180.89 million

A10 Network Stock Summary

A10 Network is commonly compared to Rapid7, Tuya, Karooooo, Radware, and Amplitude. A10 Networks, Inc. provides networking solutions in the Americas, Japan, other Asia Pacific, and EMEA countries. A10 Networks, Inc. was incorporated in 2004 and is headquartered in San Jose, California. A10 Networks operates under SoftwareInfrastructure classification in the United States and is traded on New York Stock Exchange. It employs 590 people.

Specialization	Information Technology, Software - Infrastructure
Instrument	USA Stock View All
Exchange	New York Stock Exchange
ISIN	US0021211018
Business Address	2300 Orchard Parkway,
Sector	Software
Industry	Information Technology
Benchmark	Dow Jones Industrial
Website	www.a10networks.com
Phone	408 325 8668
Trading Currency	USD - US Dollar
Reporting Currency	USD - US Dollar

Revenue, margins, and capital structure at A10 Network are presented below from the most recent reporting periods. The breakdown separates capital structure from operating performance from cash generation - three distinct signals that often diverge. Changes in these metrics across periods reveal whether management is gaining or losing operating leverage.

Key Financial Ratios

Return on equity, debt-to-equity, and margin ratios from A10 Network's statements reveal whether the business is generating adequate returns on the capital it employs.

	Return On Equity TTM	0.21
	Return On Asset TTM	0.0521
	Profit Margin TTM	0.15
	Operating Margin TTM	0.17
	Target Price	29.86

More Fundamentals

Key Cash Accounts

A10 Network's investing activities reveal where management sees the best use of capital. With 84.9 M in operating cash flow, the accounts provide the full picture.

		2022	2023	2024	2025	2026 (projected)
Dividends Paid		15.9M	17.8M	17.8M	17.4M	18.2M

Financial Ratio Analysis

ROE stood at 0.33 as of December 31, 2025. Related reported metric: Return On Asset TTM at 7.02% as of December 31, 2025.

Core Fundamental Drivers

The relationship between A10 Network's leverage, margins, and cash generation determines whether the fundamental trajectory is improving or deteriorating. A10 Network reports revenue of 290.56 M, a price-to-earnings ratio of 35.47, and an operating margin of 17.0%.

	2023	2024	2025	2026 (projected)
Gross Profit	203.7M	210.3M	230.5M	183.7M
Total Revenue	251.7M	261.7M	290.6M	234.8M

Gross Profit Total Revenue

Key Balance Sheet Account Correlations

Accounts with high positive correlations in A10 Network's balance sheet tend to amplify each other - a deterioration in one propagates through the linked accounts. Inverse correlations act as circuit breakers. Both patterns matter when projecting how stress in one area of A10 Network's financials ripples through the rest. Relationships between total assets and total liabilities reveal how changes in leverage affect the overall financial position.

Balance Sheet Account Relationship Matchups

High Positive Relationship

Good Will	+ 0.94	Total Liab
Good Will	+ 0.9	Net Debt
Total Liab	+ 0.86	Total Assets
Total Liab	+ 0.85	Net Debt
Good Will	+ 0.83	Total Assets
Inventory	+ 0.79	Cash

High Negative Relationship

Good Will	- 0.94	Common Stock
Common Stock	- 0.88	Total Liab
Common Stock	- 0.87	Net Debt
Common Stock	- 0.73	Total Assets
Common Stock	- 0.51	Intangible Assets
Common Stock	- 0.41	Retained Earnings

Financial Metrics, Fundamentals & Methodology

A10 Network's operating framework helps explain margin behavior, earnings persistence, and funding capacity. Balance-sheet composition shapes financial flexibility and solvency risk. A10 Network financial statements report revenue of 290.56 million, positive EPS of 0.61, operating margin of 17.33%, current ratio of 1.94 as of the latest reporting period.

A10 Network values are built from periodic company reporting and market reference feeds, with reporting definitions aligned before display. Where analyst coverage exists, consensus estimates are factored in. Reported income, balance-sheet, and cash-flow fields adhere to GAAP or IFRS presentation rules.

Editorial review and methodology oversight provided by: Rifka Kats, Member of Macroaxis Editorial Board

Common Stock Shares Outstanding	Total Assets
Short Long Term Debt Total	Other Current Liab
Total Current Liabilities	Total Stockholder Equity
Other Liab	Property Plant And Equipment Net
Current Deferred Revenue	Net Debt
Retained Earnings	Accounts Payable
Cash	Non Current Assets Total
Non Current Assets Other	Other Assets
Cash And Short Term Investments	Net Receivables
Liabilities And Stockholders Equity	Non Current Liabilities Total
Inventory	Other Current Assets
Other Stockholder Equity	Total Liab
Property Plant And Equipment Gross	Preferred Stock Total Equity
Total Current Assets	Accumulated Other Comprehensive Income
Short Term Debt	Intangible Assets
Property Plant Equipment	Net Tangible Assets
Long Term Debt	Common Stock Total Equity
Short Long Term Debt	Common Stock
Total Permanent Equity	Noncontrolling Interest In Consolidated Entity
Good Will	Retained Earnings Total Equity
Short Term Investments	Capital Surplus
Additional Paid In Capital	Deferred Long Term Liab
Treasury Stock	Non Current Liabilities Other
Temporary Equity Redeemable Noncontrolling Interests	Net Invested Capital
Net Working Capital	Capital Stock
Capital Lease Obligations

	Total Assets	Net Debt	Retained Earnings	Accounts Payable	Cash	Net Receivables	Inventory	Total Liab	Intangible Assets	Common Stock	Good Will
Total Assets		0.56	0.38	0.06	0.57	0.74	0.62	0.86	0.69	-0.73	0.83
Net Debt	0.56		0.36	-0.03	-0.23	-0.05	-0.13	0.85	0.44	-0.87	0.9
Retained Earnings	0.38	0.36		-0.2	0.16	0.12	0.01	0.55	0.35	-0.41	0.4
Accounts Payable	0.06	-0.03	-0.2		0.02	0.11	-0.03	-0.05	0.31	0.01	0.05
Cash	0.57	-0.23	0.16	0.02		0.73	0.79	0.22	0.18	-0.14	0.18
Net Receivables	0.74	-0.05	0.12	0.11	0.73		0.78	0.31	0.64	-0.2	0.3
Inventory	0.62	-0.13	0.01	-0.03	0.79	0.78		0.25	0.21	-0.16	0.17
Total Liab	0.86	0.85	0.55	-0.05	0.22	0.31	0.25		0.58	-0.88	0.94
Intangible Assets	0.69	0.44	0.35	0.31	0.18	0.64	0.21	0.58		-0.51	0.6
Common Stock	-0.73	-0.87	-0.41	0.01	-0.14	-0.2	-0.16	-0.88	-0.51		-0.94
Good Will	0.83	0.9	0.4	0.05	0.18	0.3	0.17	0.94	0.6	-0.94