A10 Networks, Inc.

Listed Company

ATENCIK 0001580808NYSELarge AcceleratedComputer Communications EquipmentDelawareFY ends Dec 31

Period

FY 2025

Revenue

$290.56M

Net Income

$42.14M

Total Assets

$629.81M

Equity

$211.55M

Shares Out

71.72M

Op. Cash Flow

$84.89M

Business

A10 Networks, Inc. provides security and infrastructure solutions that secure, accelerate and manage application and network traffic across on‑premises, hybrid cloud and edge‑cloud environments for global enterprise, communications, cloud and web service provider customers. Its main products and services include Thunder secure infrastructure (ADC, CGN, SSLi, CFW), the A10 Defend security suite (DDoS, detector, mitigator, ThreatX Protect WAAP) and A10 Control management and analytics. The company’s key product segments are secure infrastructure, intelligent management and security (A10 Defend). It sells globally through direct sales, resellers, distributors, OEMs and cloud marketplaces across the Americas, EMEA and APJ regions.

Summary from filing dated 2025-02-25

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenue	291	262	252	280	250
Total cost of revenue	60	51	48	57	54
Gross profit	231	210	204	224	197
Sales and marketing	84	83	86	89	86
Research and development	69	58	55	58	54
General and administrative	30	25	24	24	23
Total operating expenses	183	166	165	170	163
Income from operations	47	44	39	53	33
Interest income	12	7	5	1	409,000
Interest and other income (expense), net	6	−7	−69,000	2	2
Total non-operating income, net	5	14	5	−363,000	−2
Income before income taxes	52	58	44	53	32
Provision for income taxes	10	8	4	6	−63
Net income	42	50	40	47	95
Net income (loss) per share - basic (in dollars per share)	0.58	0.68	0.54	0.62	1.23
Net income (loss) per share - diluted (in dollars per share)	0.57	0.67	0.53	0.6	1.19
Weighted Average Number of Shares Outstanding, Basic	72	74	74	76	77
Weighted Average Number of Shares Outstanding, Diluted	74	75	76	78	80

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	71	95	97	68	79
Marketable securities	307	100	62	83	106
Accounts receivable, net of allowances of $66 and $465, respectively	62	77	74	73	62
Inventory	18	22	24	20	22
Prepaid expenses and other current assets	18	13	15	13	15
Total current assets	476	307	272	257	284
Property and equipment, net	50	39	30	20	11
Goodwill	15	1	1	1	1
Intangible assets	6	0	—	0	0
Other non-current assets	20	23	24	28	31
Total assets	630	433	390	369	393
Accounts payable	12	13	7	7	7
Accrued and other liabilities	41	33	21	37	36
Deferred revenue, current	81	78	83	74	73
Total current liabilities	134	124	111	118	116
Deferred revenue, non-current	62	70	59	53	48
Other non-current liabilities	4	7	12	17	20
Total liabilities	418	201	182	188	184
Commitments and contingencies (Note 9)	—	—	—	—	—
Common stock, $0.00001 par value: 500,000 shares authorized; 91,996 and 90,520 shares issued and 71,498 and 73,693 shares outstanding, respectively	1,000	1,000	1,000	1,000	1,000
Treasury stock, at cost: 20,498 and 16,827 shares, respectively	−250	−181	−151	−135	−56
Additional paid-in-capital	532	508	487	467	446
Dividends paid	−73	−55	−38	−20	−4
Accumulated other comprehensive income	659,000	194,000	−71,000	−726,000	−229,000
Retained earnings (accumulated deficit)	2	−40	−90	−130	−177
Total stockholders' equity	212	232	208	181	209
Total liabilities and stockholders' equity	630	433	390	369	393
Deferred Tax Assets, Net	62	62	63	63	66
Long-Term Debt	219	0	—	—	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net income	42	50	40	47	95
Depreciation and amortization	15	11	9	7	9
Stock-based compensation	20	17	14	13	14
Provision for (recovery from) credit losses and sales returns	−399,000	59,000	−699,000	−36,000	−616,000
Other non-cash items	3	−424,000	117,000	793,000	2
Accounts receivable	15	−3	−679,000	−10	−10
Inventory	4	−760,000	−6	2	−2
Prepaid expenses and other assets	−8	−67,000	−2	2	−2
Accounts payable	−2	2	−3	103,000	2
Accrued and other liabilities	5	7	−21	−1	−6
Deferred revenue	−8	7	14	5	13
Net cash provided by operating activities	85	90	45	66	50
Proceeds from sales of marketable securities	853,000	26	45	6	7
Proceeds from maturities of marketable securities	137	81	65	71	89
Purchases of marketable securities	−342	−143	−85	−55	−129
Capital expenditures	−20	−12	−11	−11	−5
Net cash provided by (used in) investing activities	−244	−48	14	11	−38
Proceeds from issuance of common stock under employee equity incentive plans	3	4	5	7	6
Repurchases of common stock	−69	−30	−16	−79	−18
Payments for dividends	−17	−18	−18	−16	−4
Net cash provided by (used in) financing activities	135	−44	−29	−88	−16
Net increase (decrease) in cash and cash equivalents	−24	−2	29	−11	−4
Cash paid for income taxes, net of refunds	7	6	2	2	199,000
Cash paid for interest	3	0	0	0	4,000
Transfers between inventory and property and equipment	314,000	2	2	733,000	94,000
Capital expenditures included in accounts payable	120,000	672,000	3	230,000	6,000
Proceeds from Issuance of Long-Term Debt	225	0	0	—	—
Payments of Debt Issuance Costs	−7	0	0	—	—
Payments to Acquire Businesses, Net of Cash Acquired	−19	0	0	—	—

Filings

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