A10 Networks, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $290.6M | $261.7M | $251.7M | $280.3M | $250.0M |
| Cost of revenue | $60.0M | $51.4M | $48.0M | $56.8M | $53.5M |
| Gross profit | $230.5M | $210.3M | $203.7M | $223.5M | $196.5M |
| Research and development | $69.1M | $57.7M | $55.2M | $58.4M | $54.1M |
| Operating expenses | $183.4M | $166.3M | $165.1M | $170.4M | $163.1M |
| Operating income | $47.1M | $44.0M | $38.6M | $53.1M | $33.4M |
| Interest expense | — | — | — | — | $0 |
| Pretax income | $52.4M | $58.1M | $43.8M | $52.7M | $31.6M |
| Income tax expense | $10.3M | $8.0M | $3.8M | $5.8M | -$63.2M |
| Net income | $42.1M | $50.1M | $40.0M | $46.9M | $94.9M |
| Balance Sheet | |||||
| Cash and equivalents | — | — | — | — | $78.9M |
| Current assets | $476.0M | $307.3M | $271.8M | $257.0M | $284.0M |
| Total assets | $629.8M | $432.8M | $389.8M | $369.1M | $393.1M |
| Current liabilities | $133.7M | $123.6M | $111.1M | $118.2M | $116.1M |
| Total liabilities | $418.3M | $201.0M | $181.9M | $188.1M | $184.2M |
| Stockholders' equity | $211.5M | $231.8M | $207.9M | $181.0M | $208.9M |
| Cash Flow Statement | |||||
| Cash from operations | $84.9M | $90.5M | $44.5M | $66.1M | $50.1M |
| Depreciation and amortization | $14.9M | $11.3M | $9.3M | $7.4M | $8.9M |
| Stock-based compensation | $20.0M | $17.0M | $14.1M | $13.3M | $14.4M |
| Capital expenditure | $20.1M | $12.3M | $10.9M | $10.8M | $5.2M |
| Free cash flow | $64.8M | $78.2M | $33.6M | $55.3M | $44.9M |
| Dividends paid | $17.4M | $17.8M | $17.8M | $15.9M | $3.9M |
| Share repurchases | $68.9M | $30.1M | $16.0M | $79.3M | $18.3M |
Shares outstanding 72.0M · Free float 94.6%
Annual filing data through FY ended December 31, 2025; float as of July 14, 2026.