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ATEN · NYSE · United States · Computer Communications Equipment
In shortA10 Networks, Inc. is profitable, generates cash and holds more cash than debt, with revenue growing (+11.0% last year).
Financial health
Strong
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 16.2% | 71/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 14.5% | 78/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 19.0% | 95/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 8.8% | 59/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 3.56× | 100/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 1.03× | 54/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | Net cash | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 7.99× | 62/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 4.61 | 90/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 22.3% | 100/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 1.54× | 100/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 5 | 67/100 |
| Revenue growth volatility | 9.4% | 76/100 |
| Operating margin volatility | 2.0% | 91/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 1.2% | 23/100 |
|---|---|---|
| EPS growth, 3-year average | -1.7% | 17/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 250 | 280 | 252 | 262 | 291 |
| Cost of revenue | 54 | 57 | 48 | 51 | 60 |
| Gross profit | 197 | 224 | 204 | 210 | 231 |
| Research & development | 54 | 58 | 55 | 58 | 69 |
| Operating income | 33 | 53 | 39 | 44 | 47 |
| Interest expense | 0 | – | – | – | 5.9 |
| Pre-tax income | 32 | 53 | 44 | 58 | 52 |
| Income tax | (63) | 5.8 | 3.8 | 8 | 10 |
| Net income | 95 | 47 | 40 | 50 | 42 |
| Diluted EPS | $1.19 | $0.60 | $0.53 | $0.67 | $0.57 |
| Diluted shares (millions) | 80 | 78 | 76 | 75 | 74 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 8 reported quarters (10-Q and 10-K filings), in USD millions. The fourth quarter is derived from the annual report.
The last 8 quarters of A10 Networks, Inc. are included in the Investor plan. Try free for 7 days →
4.61 Safe zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
5/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Aug 6, 2026