A10 Networks, Inc. provides secure application services and solutions for on-premises, cloud, and edge-cloud environments. The company specializes in application delivery controllers (ADCs), DDoS protection, and web application firewalls that ensure the performance, availability, and security of business-critical applications. Headquartered in San Jose, California, A10 serves telecommunications providers, cloud operators, government organizations, and large enterprises globally.
Financial Statements
In thousands, USD
FY 2025
FY 2024
FY 2023
FY 2022
Total Revenues
290,557
261,696
251,700
280,338
Cost of Sales
60,042
51,419
47,962
56,832
Gross Profit
230,515
210,277
203,738
223,506
Selling, General & Administrative Expenses
114,269
108,583
109,861
112,029
Research & Development Expenses
69,104
57,726
55,229
58,398
Operating Profit
47,142
43,968
38,648
53,079
Total Non-Operating Income
(1,068)
21,515
5,216
(2,030)
Income Before Provision for Income Taxes
46,074
65,483
43,864
51,049
Provision for Income Taxes
10,285
7,959
3,825
5,808
Consolidated Net Income
42,137
50,140
39,970
46,908
Net Income Attributable to Common Shareholders
42,137
50,140
39,970
46,908
Basic EPS
0.58
0.68
0.54
0.62
Diluted EPS
0.57
0.67
0.53
0.60
Basic Weighted Average Shares Outstanding
72,253
74,088
74,210
75,528
Diluted Weighted Average Shares Outstanding
73,590
75,302
75,550
77,751
Shares Outstanding
71,498
73,693
74,359
73,738
FY 2025
FY 2024
FY 2023
FY 2022
Cash and Cash Equivalents
71,139
95,129
97,244
67,971
Short-Term Investments
306,714
100,429
62,056
83,018
Total Cash and Cash Equivalents
377,853
195,558
159,300
150,989
Accounts Receivable
62,069
76,687
74,307
72,928
Total Trade Receivables
62,069
76,687
74,307
72,928
Inventories
18,032
22,005
23,522
19,693
Other Current Assets
18,000
13,038
14,695
13,381
Total Current Assets
475,954
307,288
271,824
256,991
Net Property, Plant & Equipment
50,221
39,142
29,876
19,743
Net Intangible Assets
6,259
—
—
—
Goodwill
15,134
1,307
1,307
1,307
Other Long-Term Assets
82,245
85,078
86,802
91,064
Total Assets
629,813
432,815
389,809
369,105
Accounts Payable
11,694
12,542
7,024
6,725
Accrued Expenses
41,132
32,696
21,388
37,183
Unearned Revenue
80,824
78,335
82,657
74,340
Total Current Liabilities
133,650
123,573
111,069
118,248
Long-Term Debt
218,787
—
—
—
Other Long-Term Liabilities
65,830
77,413
70,864
69,845
Total Long-Term Liabilities
284,617
77,413
70,864
69,845
Total Liabilities
418,267
200,986
181,933
188,093
Common Stock
1
1
0
1
Treasury Stock
(249,912)
(180,992)
(150,909)
(134,934)
Additional Paid-in Capital
531,790
508,387
486,958
466,927
Accumulated Other Comprehensive Income
659
194
(71)
(726)
Retained Earnings
(70,992)
(95,761)
(128,103)
(150,256)
Total Common Shareholders' Equity
211,546
231,829
207,875
181,012
Total Shareholders' Equity
211,546
231,829
207,875
181,012
Total Liabilities and Shareholders' Equity
629,813
432,815
389,809
369,105
FY 2025
FY 2024
FY 2023
FY 2022
Net Income
42,137
50,140
39,970
46,908
Depreciation & Amortization
14,859
11,293
9,346
7,381
Share-Based Compensation Expense
20,030
17,048
14,081
13,331
Other Adjustments
2,883
(365)
(582)
757
Changes in Trade Receivables
14,569
(2,555)
(679)
(10,065)
Changes in Inventories
3,659
(760)
(6,302)
2,035
Changes in Accounts Payable
(1,516)
2,224
(2,999)
103
Changes in Accrued Expenses
4,568
6,609
(20,801)
(1,338)
Changes in Unearned Revenue
(7,969)
6,925
14,342
5,361
Changes in Other Operating Activities
(8,326)
(67)
(1,862)
1,627
Cash from Operating Activities
84,894
90,492
44,514
66,100
Capital Expenditure
(20,128)
(12,268)
(10,896)
(10,799)
Purchases of Investments
(342,028)
(142,759)
(85,420)
(55,411)
Proceeds from Sale of Investments
137,618
106,677
109,924
77,297
Payments for Business Acquisitions
(19,100)
—
—
—
Cash from Investing Activities
(243,638)
(48,350)
13,608
11,087
Issuance of Long-Term Debt
225,000
—
—
—
Net Issuance / (Repayments) of Long-Term Debt
225,000
—
—
—
Issuance of Common Shares
3,373
3,624
4,943
7,038
Repurchases of Common Shares
(68,920)
(30,084)
(15,975)
(79,257)
Net Issuance / (Repurchases) of Common Shares
(65,547)
(26,460)
(11,032)
(72,219)
Common Share Dividends Paid
(17,369)
(17,797)
(17,817)
(15,922)
Other Financing Activities
(7,330)
—
—
—
Cash from Financing Activities
134,754
(44,257)
(28,849)
(88,141)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash