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A10 Networks, Inc.

ATENTechnologyNASDAQ

Software - Infrastructure · Last scanned May 30, 2026

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Financials · Annual
Revenue
$290.6M
+11.0% YoY
Net Income
$42.1M
-16.0% YoY
EBITDA
$73.6M
+33.2% YoY
Free Cash Flow
$50.9M

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About A10 Networks, Inc.

A10 Networks, Inc. provides secure application and network infrastructure solutions in the United States, the rest of Americas, Japan, rest of the Asia Pacific, Europe, the Middle East, and Africa. With a market capitalization of $2.17B, it sits in mid-cap territory. The company offers security products, such as ThreatX, a web application protection platform; A10 Defend DDoS Detector, a network-wide anomaly detection product; A10 Defend DDoS Orchestrator, a defense, orchestration, and management product; A10 Defend DDoS Mitigator, a mitigation product with automation; A10 Defend Threat Control, an attack SaaS platform; and Defend Next-Gen WAF, an integrated application delivery and web application firewall.

Key stats
Market Cap$2.17B
P/E (TTM)49.41
Fwd P/E25.54
EPS$0.61
Beta1.17
52W Change+71.5%
Dividend Yield0.80%
ROE21.4%
Analysis

With $369.8M in cash and $226.7M in debt, ATEN maintains more liquidity than leverage. This favorable balance sheet position can be an asset when capital markets become less accommodating. Annual free cash flow of $50.9M supports ongoing capital allocation decisions and provides a cushion against unexpected expenses or downturns. Return on equity stands at 21.4%, which is strong for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. An ROA of 5.2% suggests reasonable efficiency in deploying the company's asset base. Revenue has been relatively flat, moving from $280.3M (2022) to $290.6M (2025).

As with any equity investment, ATEN carries market risk, sector-specific risk, and company-specific risk that investors should evaluate in the context of their own portfolios. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for A10 Networks, Inc. and its sector.

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