A10 Networks, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $290.6M | $261.7M | $251.7M | $260.1M | $240.1M | $225.5M | $212.5M | $225.4M |
| Product Revenue | — | — | $138.6M | $157.0M | $146.0M | $128.5M | $115.0M | $132.5M |
| Service Revenue | — | — | $113.1M | $103.1M | $94.0M | $97.0M | $97.4M | $92.9M |
| Cost of Revenue | $60.0M | $51.4M | $48.0M | $56.8M | $53.5M | $50.1M | $48.9M | $51.9M |
| Gross Profit | $230.5M | $210.3M | $203.7M | $223.5M | $196.5M | $175.4M | $163.7M | $180.3M |
| Gross Margin | 79.3% | 80.4% | 80.9% | 85.9% | 81.9% | 77.8% | 77.1% | 80.0% |
| Operating Expenses | ||||||||
| Research & Development | $69.1M | $57.7M | $55.2M | $58.4M | $54.1M | $58.1M | $61.8M | $65.2M |
| SG&A Expense | $29.8M | $25.3M | $23.9M | $23.5M | $23.4M | $21.9M | $23.7M | $39.6M |
| Operating Income | $47.1M | $44.0M | $38.6M | $53.1M | $33.4M | $17.7M | $-17.1M | $-27.7M |
| Operating Margin | 16.2% | 16.8% | 15.4% | 20.4% | 13.9% | 7.9% | -8.0% | -12.3% |
| Interest Expense | $5.9M | — | — | — | $0 | $1.0K | $237.0K | $129.0K |
| Pretax Income | $52.4M | $58.1M | $43.8M | $52.7M | $31.6M | $19.1M | $-16.4M | $-26.5M |
| Income Tax Expense | $10.3M | $8.0M | $3.8M | $5.8M | $-63.2M | $1.3M | $1.4M | $1.1M |
| Net Income | $42.1M | $50.1M | $40.0M | $46.9M | $94.9M | $17.8M | $-17.8M | $-27.6M |
| Net Margin | 14.5% | 19.2% | 15.9% | 18.0% | 39.5% | 7.9% | -8.4% | -12.3% |
| EPS (Basic) | $0.58 | $0.68 | $0.54 | $0.62 | $1.23 | $0.23 | $-0.23 | $-0.38 |
| EPS (Diluted) | $0.57 | $0.67 | $0.53 | $0.60 | $1.19 | $0.22 | $-0.23 | $-0.38 |
| Shares Outstanding (Basic) | 72.3M | 74.1M | 74.2M | 75.5M | 77.0M | 77.8M | 76.1M | 72.9M |
| Shares Outstanding (Diluted) | 73.6M | 75.3M | 75.6M | 77.8M | 80.0M | 80.0M | 76.1M | 72.9M |
| Dividends Per Share | $0.24 | $0.24 | $0.24 | $0.24 | $0.20 | — | — | — |