A10 Networks, Inc.

ATEN

ATENA10 Networks, Inc. US flag

New York Stock Exchange

31.44

USD

-1.20

- -

2.26BMarket Cap

Income Statement (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	91	120	142	180	196	227	235	232	213	226	250	280	252	262	291
+ Sales & Services Revenue	91	120	142	180	196	227	235	232	213	226	250	280	252	262	291
- Cost of Revenue	18	25	33	43	48	54	53	52	49	50	54	57	48	51	60
+ Cost of Goods & Services	18	25	33	43	48	54	53	52	49	50	54	57	48	51	60
Gross Profit	73	96	108	137	148	173	182	180	164	175	197	224	204	210	231
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	54	87	120	170	186	191	192	208	178	158	163	170	165	166	183
+ Selling, General & Admin	38	62	86	120	131	131	129	143	116	100	109	112	110	109	114
+ Research & Development	17	26	33	50	55	61	63	65	62	58	54	58	55	58	69
+ Other Operating Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	19	8	-11	-33	-38	-18	-10	-28	-15	18	33	53	39	44	47
- Non-Operating (Income) Loss	10	98	15	- -	3	3	-1	-1	2	-1	2	- -	-5	-14	-5
+ Interest Expense, Net	1	2	4	3	1	1	-1	-1	-1	-1	2	- -	-5	-14	-5
+ Interest Expense	- -	- -	1	1	1	- -	- -	- -	- -	- -	2	2	- -	- -	6
- Interest Income	-1	-2	-2	-2	- -	-1	1	1	1	2	- -	1	5	14	12
+ Other Non-Op (Income) Loss	10	96	12	-3	2	2	- -	- -	3	- -	- -	- -	- -	- -	- -
Pretax Income	8	-89	-26	-33	-41	-22	-10	-27	-16	19	32	53	44	58	52
- Income Tax Expense (Benefit)	1	1	1	2	1	1	1	1	1	1	-63	6	4	8	10
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	7	-90	-27	-35	-42	-22	-11	-28	-18	18	95	47	40	50	42
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	7	-90	-27	-35	-42	-22	-11	-28	-18	18	95	47	40	50	42
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	7	-90	-27	-35	-42	-22	-11	-28	-18	18	95	47	40	50	42
- Preferred Dividends	3	- -	2	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	5	-90	-29	-36	-42	-22	-11	-28	-18	18	95	47	40	50	42
EBIT	19	8	-11	-33	-38	-18	-10	-28	-15	18	33	53	39	44	47
EBITDA	22	14	-4	-23	-29	-10	-2	-20	-5	29	42	60	48	55	62
EBITDA Margin (%)	24.05	11.48	-2.99	-12.81	-14.97	-4.49	-0.79	-8.53	-2.13	12.87	16.92	21.57	19.07	21.12	21.34
EBITA	19	8	-11	-33	-38	-18	-10	-28	-15	18	33	53	39	44	47
Gross Margin (%)	79.76	79.59	76.44	76.08	75.34	76.06	77.35	77.65	77.01	77.76	78.6	79.73	80.94	80.35	79.34
Operating Margin (%)	20.31	7.08	-7.99	-18.44	-19.41	-8.13	-4.41	-11.92	-6.85	7.86	13.35	18.93	15.35	16.8	16.22
Profit Margin (%)	8	-75.08	-19.12	-19.34	-21.34	-9.85	-4.57	-11.89	-8.38	7.9	37.95	16.73	15.88	19.16	14.5
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.05	0.21	0.24	0.24	0.24
Depreciation Expense	3	5	7	10	9	8	9	8	10	11	9	7	9	11	15
Basic Weighted Avg Shares	44	44	59	49	62	66	70	73	76	78	77	76	74	74	72
Basic EPS, GAAP	0.11	-2.06	-0.49	-0.74	-0.67	-0.34	-0.15	-0.38	-0.23	0.23	1.23	0.62	0.54	0.68	0.58
Basic EPS from Cont Ops	0.17	-2.06	-0.46	-0.71	-0.67	-0.34	-0.15	-0.38	-0.23	0.23	1.23	0.62	0.54	0.68	0.58
Diluted Weighted Avg Shares	44	44	59	49	62	66	70	73	76	80	80	78	76	75	74
Diluted EPS, GAAP	0.11	-2.06	-0.49	-0.74	-0.67	-0.34	-0.15	-0.38	-0.23	0.22	1.19	0.6	0.53	0.67	0.57
Diluted EPS from Cont Ops	0.17	-2.06	-0.46	-0.71	-0.67	-0.34	-0.15	-0.38	-0.23	0.22	1.19	0.6	0.53	0.67	0.57

Balance Sheet (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	- -	67	79	171	177	197	204	215	221	242	284	257	272	307	476
+ Cash, Cash Equivalents & STI	- -	24	21	92	98	114	131	128	130	158	185	151	159	196	378
+ Cash & Cash Equivalents	- -	24	21	92	98	29	47	41	46	83	79	68	97	95	71
+ ST Investments	- -	- -	- -	- -	- -	85	85	88	84	75	106	83	62	100	307
+ Accounts & Notes Receiv	- -	26	38	54	55	61	48	54	54	51	62	73	74	77	62
+ Accounts Receivable, Net	- -	24	38	54	55	61	48	54	54	51	62	73	74	77	62
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	2	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	- -	14	17	21	19	16	18	18	22	21	22	20	24	22	18
+ Raw Materials	- -	6	11	10	9	7	7	8	9	8	11	13	15	13	10
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	8	7	11	9	9	11	10	13	12	12	7	8	9	8
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	- -	3	3	5	5	5	7	15	15	12	15	13	15	13	18
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	- -	10	15	16	13	20	21	21	53	49	109	112	118	126	154
+ Property, Plant & Equip, Net	- -	8	10	11	9	8	10	7	41	36	34	41	46	51	59
+ Property, Plant & Equip	- -	17	26	37	43	49	57	59	62	60	58	64	70	80	96
- Accumulated Depreciation	- -	9	16	26	34	41	47	52	22	24	24	23	24	30	37
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	- -	2	5	5	4	12	11	14	12	12	76	71	72	75	95
+ Total Intangible Assets	- -	1	1	- -	1	8	6	5	4	2	1	1	1	1	21
+ Goodwill	- -	- -	- -	- -	- -	1	1	1	1	1	1	1	1	1	15
+ Other Intangible Assets	- -	1	1	- -	1	7	5	4	2	1	- -	- -	- -	- -	6
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	- -	1	4	5	4	4	5	9	9	10	74	70	70	74	73
Total Assets	- -	77	94	187	190	217	225	236	274	291	393	369	390	433	630
+ Payables & Accruals	- -	101	26	17	20	19	17	18	18	17	15	19	16	21	24
+ Accounts Payable	- -	6	9	9	11	10	9	8	8	5	7	7	7	13	12
+ Accrued Taxes	- -	2	2	3	5	3	3	4	4	4	1	2	1	3	3
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	- -	94	15	5	5	6	5	6	6	8	7	11	7	6	9
+ ST Debt	- -	6	- -	- -	- -	- -	- -	- -	5	5	4	5	5	5	6
+ ST Borrowings	- -	6	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	5	5	4	5	5	5	6
+ Other ST Liabilities	- -	22	37	54	67	82	76	79	74	86	97	94	90	97	104
+ Deferred Revenue	- -	19	28	39	49	60	62	64	62	66	73	74	83	78	81
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	2	9	14	18	22	14	15	12	20	24	20	8	19	23
Total Current Liabilities	- -	128	64	71	87	101	93	97	98	108	116	118	111	124	134
+ LT Debt	- -	- -	20	- -	- -	- -	- -	- -	28	23	19	17	12	7	222
+ LT Borrowings	- -	- -	20	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	219
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	28	23	19	17	12	7	3
+ Other LT Liabilities	- -	18	19	20	25	33	34	35	40	44	49	53	59	70	62
+ Accrued Liabilities	- -	8	13	18	23	32	33	34	39	43	48	53	59	70	62
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	- -	10	6	2	1	1	1	1	1	1	- -	- -	- -	- -	- -
Total Noncurrent Liabilities	- -	18	39	20	25	33	34	35	68	67	68	70	71	77	285
Total Liabilities	- -	147	102	90	112	134	126	132	165	175	184	188	182	201	418
+ Preferred Equity and Hybrid Capital	- -	42	126	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	- -	8	12	278	302	329	356	376	403	426	446	467	487	508	532
+ Common Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	- -	8	12	278	302	329	356	376	403	426	446	467	487	508	532
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	5	37	56	135	151	181	250
+ Retained Earnings	- -	-120	-147	-182	-224	-246	-257	-272	-290	-272	-177	-130	-90	-40	2
+ Other Equity	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-1	- -	- -	1
Equity Before Minority Interest	- -	-70	-9	97	78	83	98	104	109	116	209	181	208	232	212
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	- -	-70	-9	97	78	83	98	104	109	116	209	181	208	232	212
Total Liabilities & Equity	- -	77	94	187	190	217	225	236	274	291	393	369	390	433	630
Shares Outstanding	- -	59	59	61	64	68	72	74	78	76	77	74	74	74	71
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	33	29	23	22	17	12	9
Net Debt	- -	-18	-1	-92	-98	-29	-47	-41	-46	-83	-79	-68	-97	-95	148
Net Debt to Equity	- -	25.99	9.11	-95.17	-125.46	-35.01	-47.33	-39.1	-42.05	-71.81	-37.78	-37.55	-46.78	-41.03	69.79
Tangible Common Equity Ratio	- -	-149.59	-146.59	51.64	40.91	35.83	42.08	42.82	38.89	39.43	52.98	48.86	53.17	53.42	31.25
Current Ratio	- -	0.52	1.24	2.42	2.03	1.94	2.2	2.21	2.26	2.25	2.45	2.17	2.45	2.49	3.56
Cash Conversion Cycle	- -	116.47	176.55	182.63	172.74	136.9	136.73	145.01	188.77	194.73	191.02	177.24	222.74	195.33	129.96

Cash Flow Statement (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	7	-90	-27	-35	-42	-22	-11	-28	-18	18	95	47	40	50	42
+ Depreciation & Amortization	3	5	7	10	9	8	9	8	10	11	9	7	9	11	15
+ Non-Cash Items	3	5	6	6	19	19	18	17	16	13	-49	14	13	17	23
+ Stock-Based Compensation	1	3	4	12	17	17	17	17	17	12	14	13	14	17	20
+ Deferred Income Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-64	- -	- -	- -	- -
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	2	2	2	-6	2	2	1	- -	- -	1	1	1	-1	- -	3
+ Chg in Non-Cash Work Cap	5	83	-11	-12	17	14	-1	- -	-9	13	-5	-2	-18	12	5
+ (Inc) Dec in Accts Receiv	- -	-7	-16	-17	-3	-9	12	-6	1	2	-10	-10	-1	-3	15
+ (Inc) Dec in Inventories	-6	-9	-8	-9	-1	- -	-5	-2	-6	1	-2	2	-6	-1	4
+ (Inc) Dec in Prepaid Assets	- -	-3	2	-3	- -	- -	-2	-2	- -	1	-2	2	-2	- -	-8
+ Inc (Dec) in Accts Payable	8	93	-2	2	6	3	-10	3	-7	1	-4	-1	-24	9	3
+ Inc (Dec) in Other	4	10	13	15	15	19	3	7	3	8	13	5	14	7	-8
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	19	3	-25	-31	3	19	14	-3	- -	55	50	66	45	90	85
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-5	-4	-3	-6	-3	-6	-6	-3	-4	-4	-5	-11	- -	- -	- -
+ Acq of Fixed Prod Assets	-3	-4	-3	-6	-3	-5	-6	-3	-4	-4	-5	-11	- -	- -	- -
+ Acq of Intangible Assets	-1	- -	- -	- -	- -	-2	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	-1	121	- -	-2	-3	- -	- -	-33	-18	-79	-16	-30	-69
+ Increase in Capital Stock	- -	- -	- -	121	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	- -	- -	-1	- -	- -	-2	-3	- -	- -	-33	-18	-79	-16	-30	-69
+ Net Change in LT Investment	- -	- -	- -	- -	- -	-86	1	-4	4	9	-33	22	25	-36	-204
+ Dec in LT Investment	- -	- -	- -	- -	- -	41	88	84	76	67	96	77	110	107	138
+ Inc in LT Investment	- -	- -	- -	- -	- -	-126	-87	-88	-72	-58	-129	-55	-85	-143	-342
+ Net Cash From Acq & Div	- -	- -	- -	- -	- -	-4	- -	- -	- -	- -	- -	- -	- -	- -	-19
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -	- -	-4	- -	- -	- -	- -	- -	- -	- -	- -	-19
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-11	-12	-20
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-5	-4	-3	-6	-3	-96	-5	-7	- -	5	-38	11	14	-48	-244
+ Dividends Paid	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-4	-16	-18	-18	-17
+ Net Cash From Debt	-3	5	-57	-20	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	225
+ Cash From Debt	- -	16	34	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	225
+ Repayments of Debt	-3	-11	-91	-20	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Financing Activities	1	1	82	7	6	10	11	4	6	10	6	7	5	4	-4
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-2	6	25	108	6	8	8	4	6	-23	-16	-88	-29	-44	135
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	12	5	-3	71	6	-69	18	-6	5	38	-4	-11	29	-2	-24
EBITDA	22	14	-4	-23	-29	-10	-2	-20	-5	29	42	60	48	55	62
EBITDA Margin (%)	24.05	11.48	-2.99	-12.81	-14.97	-4.49	-0.79	-8.53	-2.13	12.87	16.92	21.57	19.07	21.12	21.34
Free Cash Flow	14	-1	-28	-37	- -	12	9	-5	-5	52	45	55	45	90	85
Net Cash Paid for Acquisitions	- -	- -	- -	- -	- -	4	- -	- -	- -	- -	- -	- -	- -	- -	19
Free Cash Flow to Firm	14	- -	- -	- -	- -	- -	- -	- -	- -	52	- -	57	45	90	90
Free Cash Flow to Equity	- -	45	-2	-184	- -	14	9	-5	-5	52	45	55	45	90	310
Free Cash Flow per Basic Share	0.32	-0.02	-0.48	-0.75	- -	0.19	0.12	-0.08	-0.06	0.67	0.58	0.73	0.6	1.22	1.17
Price/Free Cash Flow	- -	- -	- -	-8.69	59.63	21.71	26.98	4,415.38	133.54	13.41	24.01	16.81	22.35	15.31	15.33
Cash Flow to Net Income	2.53	-0.04	0.93	0.88	-0.08	-0.84	-1.33	0.1	0.02	3.1	0.53	1.41	1.11	1.8	2.01
Capital Expenditures	-5	-4	-3	-6	-3	-6	-6	-3	-4	-4	-5	-11	- -	- -	- -