A10 Networks, Inc. (ATEN)

24.59USD -0.49% (-0.12)

Over 1M: -8.2%

Style
Area Line Line with markers Steps Candles Hollow candles Bars

Candles and bars need the day’s open, high and low, and need room to be drawn in: past about a year of trading a body is thinner than a hairline, so those three offer the longest window that fits instead.

26 28
7 Aug 12 Aug 17 Aug 20 Aug 25 Aug 28 Aug 2 Sep

Financials Quarterly

Figures
Revenue Gross Profit Operating Income Cost of Revenue Operating Cash Flow Free Cash Flow Net Income

A share count and earnings a share are not here: neither is money, so neither can share this axis. Both have their own panel on All charts.

All charts ›
Q3 '25 — Operating Income: 13M Q3 '25 — Free Cash Flow: 18.1M Q3 '25 — Net Income: 12.2M Q4 '25 — Operating Income: 15.1M Q4 '25 — Free Cash Flow: 16M Q4 '25 — Net Income: 9.9M Q1 '26 — Operating Income: 13M Q1 '26 — Free Cash Flow: -689K Q1 '26 — Net Income: 12M Q2 '26 — Operating Income: 9M Q2 '26 — Free Cash Flow: 27.5M Q2 '26 — Net Income: 8.9M 0 6M 12M 18M 24M 30M
Q3 '25 Q4 '25 Q1 '26 Q2 '26
Operating Income Free Cash Flow Net Income

How it scores

For a valuation multiple, the low end is the good end.

Quality

How much of the revenue is really kept — and what did it take to earn it?

5.6
SBC / sales 7.5%
ROIC 39.5%
Adj. EBITDA margin 28.9%
OE margin 12.1%
Oper. margin 16.1%
Accruals -5.0%
Gross margin 79.4%
ROCE 16.5%
EBITDA margin 21.4%
FCF margin 19.6%
OCF / EBIT 1.5×
OCF margin 24.8%
Profit margin 13.9%
ROA 6.3%
ROE 18.1%
Asset turnover 0.46×
Capex / sales 5.1%

5 of 17 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Valuation

What does the price ask for what the company earns, owns and pays out?

5.2
EV/EBIT 32.9×
EV/OE 43.9×
P/C 5.0×
Shareholder yield 2.2%
Div. yield 0.97%
EV/GP 6.7×
EV/Sales 5.3×
FCF yield 3.4%
P/B 7.5×
P/E 41.6×
Fwd P/E —
PEG —

2 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Durability

How predictable is the revenue, and how much of it is already committed?

5.1
Gross margin stability across years 1.1 pp
Cash-flow margin stability 5.6 pp
RPO / sales 0.5×
Revenue growth in the worst year on record -10.2%
Prepaid revenue growth 27.1%
RPO growth 7.2%
Segment HHI —

4 of 7 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Resilience

Can the balance sheet absorb a bad year?

5.9
ND/EBITDA 0.084
Current ratio 1.7×
Interest cover 6.7×
Cash / Debt 1.6×
Debt payback 0.0 yr
Net debt / Eq 0.0×
Equity / Assets 35.1%
Payout 40.1%
Quick ratio 1.2×
Debt / Eq 0.92×
F-score 5.0 pts
Cash runway —

3 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Growth

Is the business getting bigger, and is it getting more profitable?

2.9
Most recent margin move 0.69
Sales/sh Y/Y +14.8%
Operating margin trend -0.8
Sales CAGR 4Y +3.8%
Shares change -2.3%
Sales Q/Q +15.5%
Gross profit Y/Y +9.6%
Div. growth -2.4%
EBIT CAGR -1.7%
EBIT Y/Y +4.5%
EPS Y/Y -13.8%
EPS CAGR 4Y -16.8%
EPS next Y —

4 of 13 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

A measure absent from a block could not be computed from this company's filings. It is left out rather than scored as though it were bad, and the dimension is averaged over what remains. A score is measured against a fixed scale this model states; the bar is measured against the other companies, so the two can disagree — and where they do, that disagreement is the more interesting figure.