Short answer
A10 Networks, Inc. (ATEN) filed its fiscal 2025 10-K annual report with the SEC on Feb 25, 2026. It reported revenue of $291M (+11.0% year over year) and net income of $42M.
- Top risk flagged: Board oversight and Audit Committee review of cybersecurity risk with quarterly IT control reports and annual policy discussions
FY2025 key financial metrics · XBRL
- Revenue
- $291M
- +11.0% YoY
- Net income
- $42M
- −16.0% YoY
- Operating margin
- 16.2%
- −0.6 pp YoY
- Gross margin
- 79.3%
- −1.0 pp YoY
- EPS (diluted)
- $0.57
- −14.9% YoY
- ROE
- 19.9%
- −1.7 pp YoY
- Operating cash flow
- $85M
- −6.2% YoY
Source: XBRL data from the A10 Networks, Inc. (ATEN) FY2025 10-K on SEC EDGAR. USD.
A10 Networks, Inc. FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: Secure application and network infrastructure solutions for enterprises and service providers across on-premises, hybrid cloud, and distributed environments
- New emphasis: Acquisition of ThreatX Protect in Feb 2025, expanding cloud-delivered web application and API protection capabilities
- Strategic shift: Accelerating transition to subscription, term-based, and software-focused offerings to support recurring revenue and flexible consumption
- Notable metric: Revenue growth to $290.6 million in 2025, up from $261.7 million in 2024; 96% revenue via distribution channels in 2025
- Unique fact: Sales presence expanded to 23 countries with plans to grow headcount in new geographies
Management Discussion & Analysis
- Revenue $290.6M, up 11% YoY including products $167.1M (+20%) and services $123.5M (+1%)
- Operating margin 16.2% vs 16.8%, gross margin 79.3% vs 80.4%, products margin 80.0% vs 77.7%, services margin 78.4% vs 83.4%
- Best segment Americas $175.2M (+30%), worst APJ $70.5M (-19%) in 2025 vs 2024
- Net income $42.1M, down 16%, interest income $11.6M vs $6.7M, provision for income taxes $10.3M vs $8.0M
Risk Factors
- Board oversight and Audit Committee review of cybersecurity risk with quarterly IT control reports and annual policy discussions
- Head of Information Security, Sean Pike, leads cybersecurity team with 25+ years experience including roles at VMware and Business Wire
- Formal incident response plan with escalation process notifying executive management and Audit Committee of significant cybersecurity events
- On-demand third-party vendor support available for cybersecurity incident response and investigation
- Cross-functional cybersecurity risk management involving Legal, Human Resources, and Internal Audit departments
Generated from the filing text; verify against the original. How to read a 10-K
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