A10 Networks Inc
NYSE:ATEN
A10 Networks Inc
Founded in 2004, A10 Networks Inc. navigated through the bustling world of digital infrastructure with an eye on revolutionizing networking and security technology. The company quickly developed a reputation for its advanced application delivery controllers (ADCs), which are designed to optimize the performance of data servers by managing and directing network traffic efficiently. Over time, A10 expanded its offerings to include DDoS protection solutions and carrier-grade NAT (CGNAT) amongst others. Headquartered in San Jose, California, the company rides the wave of demand for cloud-based solutions, catering to businesses seeking to ensure uninterrupted, secure access to their digital assets across a growing array of platforms.
Generating revenue through a mix of hardware sales, software licenses, and a complementary range of subscription-based services, A10 Networks capitalizes on the increasing trend towards digital transformation and network virtualization. They provide enterprises and service providers with comprehensive solutions that enhance both security and performance in handling immense amounts of data traffic—a need accentuated by the constant evolution of the internet landscape and the ever-present threat of cyber attacks. With strategic partnerships and a growing list of notable clientele, A10 Networks continues to solidify its position as a pivotal force in an industry driven by innovation and a relentless pursuit of efficient, reliable, and secure connectivity.
Founded in 2004, A10 Networks Inc. navigated through the bustling world of digital infrastructure with an eye on revolutionizing networking and security technology. The company quickly developed a reputation for its advanced application delivery controllers (ADCs), which are designed to optimize the performance of data servers by managing and directing network traffic efficiently. Over time, A10 expanded its offerings to include DDoS protection solutions and carrier-grade NAT (CGNAT) amongst others. Headquartered in San Jose, California, the company rides the wave of demand for cloud-based solutions, catering to businesses seeking to ensure uninterrupted, secure access to their digital assets across a growing array of platforms.
Generating revenue through a mix of hardware sales, software licenses, and a complementary range of subscription-based services, A10 Networks capitalizes on the increasing trend towards digital transformation and network virtualization. They provide enterprises and service providers with comprehensive solutions that enhance both security and performance in handling immense amounts of data traffic—a need accentuated by the constant evolution of the internet landscape and the ever-present threat of cyber attacks. With strategic partnerships and a growing list of notable clientele, A10 Networks continues to solidify its position as a pivotal force in an industry driven by innovation and a relentless pursuit of efficient, reliable, and secure connectivity.
Record Revenue: A10 reported the highest quarterly and full-year revenue in company history, with Q4 revenue of $80.4 million, up 8.3% YoY, and full-year revenue of $290.6 million, up 11% YoY.
Strong Margins: Gross margin remained high at 80.8% in Q4, with adjusted EBITDA of $24.9 million (31% of revenue) and operating margin at 26.6%.
Security-Led Growth: Security-led solutions made up 65% of Q4 revenue and 72% for the full year, hitting long-term targets.
Americas Outperformance: Revenue from the Americas grew 30% for the year, offsetting macro-driven weakness in APJ (especially Japan).
2026 Guidance Initiated: Management provided top and bottom line guidance for 2026, projecting 10%–12% revenue growth, stable margins, and EPS growth above revenue growth rates.
AI & Enterprise Demand: Growth was driven by AI infrastructure build-outs and new enterprise wins, with cloud and traditional service providers both contributing.
Capital Returns: Returned $86.3 million to shareholders in 2025 through dividends and share repurchases.
