A10 Networks, Inc. income statement
In fiscal 2025, A10 Networks, Inc. reported revenue of $291m, up 11.0% on the year before, operating income of $47.1m (a 16.2% margin) and net income of $42.1m, or $0.57 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 120 | 142 | 180 | 196 | 227 | 235 | 232 | 213 | 226 | 250 | 280 | 252 | 262 | 291 | 310 |
| Cost of revenue | 25 | 33 | 43 | 48 | 54 | 53 | 52 | 49 | 50 | 54 | 57 | 48 | 51 | 60 | 64 |
| Gross profit | 96 | 108 | 137 | 148 | 173 | 182 | 180 | 164 | 175 | 197 | 224 | 204 | 210 | 231 | 246 |
| Research and development | 26 | 33 | 50 | 55 | 61 | 63 | 65 | 62 | 58 | 54 | 58 | 55 | 58 | 69 | 77 |
| Selling and marketing | 51 | 71 | 97 | 105 | 104 | 101 | 103 | 93 | 78 | 86 | 89 | 86 | 83 | 84 | 86 |
| General and administrative | 10 | 16 | 23 | 27 | 26 | 28 | 40 | 24 | 22 | 23 | 24 | 24 | 25 | 30 | 33 |
| Operating income | −87 | −23 | −30 | −40 | −21 | −10 | −28 | −17 | 18 | 33 | 53 | 39 | 44 | 47 | 50 |
| Interest expense | 0 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | — | — | — | 6 | 8 |
| Income before tax | −89 | −26 | −33 | −41 | −22 | −10 | −27 | −16 | 19 | 32 | 53 | 44 | 58 | 52 | — |
| Income tax | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | −63 | 6 | 4 | 8 | 10 | 11 |
| Net income | −90 | −27 | −35 | −42 | −22 | −11 | −28 | −18 | 18 | 95 | 47 | 40 | 50 | 42 | 43 |
| Diluted EPS | −$2.16 | −$0.63 | −$0.74 | −$0.67 | −$0.34 | −$0.15 | −$0.38 | −$0.23 | $0.22 | $1.19 | $0.60 | $0.53 | $0.67 | $0.57 | $0.58 |
| Diluted shares (average) | 42m | 46m | 49m | 62m | 66m | 70m | 73m | 76m | 80m | 80m | 78m | 76m | 75m | 74m | 74m |
| EBITDA | −82 | −16 | −20 | −32 | −12 | −2 | −20 | −7 | 29 | 42 | 60 | 48 | 55 | 62 | 64 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 67 | 74 | 66 | 69 | 75 | 80 | 75 | 80 |
| Cost of revenue | 13 | 15 | 13 | 15 | 15 | 17 | 15 | 17 |
| Gross profit | 54 | 59 | 53 | 55 | 60 | 63 | 60 | 63 |
| Research and development | 16 | 13 | 16 | 16 | 18 | 19 | 19 | 21 |
| Selling and marketing | 21 | 22 | 20 | 21 | 22 | 22 | 20 | 22 |
| General and administrative | 6 | 6 | 8 | 7 | 7 | 7 | 8 | 11 |
| Operating income | 10 | 18 | 9 | 10 | 13 | 15 | 13 | 9 |
| Interest expense | — | — | 0 | 2 | 2 | 2 | 2 | 2 |
| Income tax | 2 | 3 | 1 | 1 | 2 | 6 | 2 | 1 |
| Net income | 13 | 18 | 10 | 11 | 12 | 10 | 12 | 9 |
| Diluted EPS | $0.17 | $0.25 | $0.13 | $0.14 | $0.17 | $0.13 | $0.17 | $0.12 |
| EBITDA | 12 | 21 | 12 | 13 | 16 | 19 | 17 | 12 |
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